证券代码：002438 证券简称：江苏神通 江苏神通阀门股份有限公司投资者关系活动记录表 编号：2023-024 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 √路演活动 类别 □现场参观 □其他（电话调研） 参与单位名称及 云禧基金、石智基金、财信证券、华金证券、开源证券、全天候 私募基金、九泰基金 人员姓名 时间 2023 年11月 08 日 地点 公司会议室 ...

Group 1: Company Overview and Strategy - The meeting was hosted by the Vice President and Secretary of the Board, emphasizing the company's basic situation, development strategy, and recent progress [2] - The company aims to separate its nuclear power division into an independent subsidiary to enhance operational efficiency and expand its market presence in the nuclear energy sector [5] Group 2: Product Competitiveness and Market Position - The company has a competitive edge in nuclear valve products, achieving a bid win rate of over 90% in the last decade for nuclear projects, with over 150,000 valves in operation [3] - The annual production capacity of nuclear valves can meet the needs of 6-8 new nuclear power units, with plans to increase capacity by 2-4 units through upgrades [8] Group 3: Revenue Recognition and Sales Model - Revenue from nuclear valve products is recognized in stages based on delivery, with a long delivery cycle typically spanning 2-3 years for new projects [4] - The company primarily uses direct sales and focuses on customer needs to drive product development and market competitiveness [6] Group 4: Future Growth and Market Expansion - The company plans to expand into the energy chemical and hydrogen sectors, with significant market potential in energy chemicals due to ongoing large refining projects [10] - The subsidiary Nantong New Energy is developing high-pressure hydrogen valves for various applications, including hydrogen refueling stations and logistics vehicles [9]

证券代码：002438 证券简称：江苏神通 江苏神通阀门股份有限公司投资者关系活动记录表 编号：2023-023 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 □√现场参观 □其他（电话调研） 参与单位名称及 德邦证券、中泰证券 人员姓名 时间 2023年11月06 日 地点 公司会议室 ...

Group 1: Company Overview and Strategy - The meeting was hosted by the Vice President and Secretary of the Board, emphasizing compliance with disclosure regulations and introducing the company's basic situation and strategic planning [2] - The company is committed to a specialized and innovative development path, separating the nuclear power division into an independent subsidiary to enhance operational focus and expand its market presence in nuclear energy applications [3] Group 2: Nuclear Power Projects and Orders - Six new nuclear power units have been approved for construction this year, with expectations for more approvals in the future [4] - The company is a major supplier of nuclear-grade butterfly and ball valves, with an estimated order value of around 70 million for each nuclear power unit [6] - The average annual demand for spare parts from operational nuclear units is projected to be around 5 million for each unit [7] Group 3: Production Capacity and Market Demand - The current annual production capacity of nuclear valves can meet the needs of 6 to 8 new nuclear power units, with plans for upgrades that could increase capacity for an additional 2 to 4 units [8] - The company is actively expanding its international business through indirect exports and has established an international trade department to enhance its global presence [9] Group 4: Future Expansion and Diversification - In addition to the nuclear sector, the company plans to expand into the energy chemical and hydrogen industries, which present significant market opportunities [10] - The company has obtained qualifications for military product development and production, with plans to increase capacity based on market demand [11]

证券代码：002438 证券简称：江苏神通 江苏神通阀门股份有限公司投资者关系活动记录表 编号：2023-022 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 □√现场参观 □其他（电话调研） 参与单位名称及 中金公司、华夏基金 人员姓名 时间 2023年10月30 日 地点 公司会议室 上市公司接待人 副总裁：章其强 员姓名 证券事务代表：陈鸣迪 ...

江苏神通现场会议 调研活动记录 会议地点：董事会秘书办公室 会议时间：2023年10 月30日 会议主持：章其强 会议记录：陈鸣迪 出席人数：5名 一、会议开始 本次机构投资者调研由公司副总裁兼董秘章其强先生主持，首先向到公司现 场参加调研活动的研究员表示欢迎，向投资者介绍了公司 2023 年三季度报告的 基本情况、公司发展战略规划及近期主要工作的进展情况，同时强调了关于遵守 承诺函的约定和上市公司信息披露的有关规定。 二、沟通交流 问：瑞帆节能 EMC 是什么类型的商业模式？ 答：瑞帆节能主要围绕钢铁企业煤气的回收利用与节能改造，产生效益并与钢铁 企业共同分享的模式，建设一套煤气回收、净化、发电的装置，建成之后并网发 电由钢厂进行使用，根据定期实际计量产生的效益与钢厂按合同约定执行分成机 制，这个机制对瑞帆节能来讲，一次性投入，未来分 5 至 8 年间陆续分享效益， 在效益分享期间进入相应的营业收入。 ...

Group 1: Company Overview and Financials - The meeting was organized by Founder Securities, with the company’s Vice President and Secretary of the Board, Zhang Qiqiang, presenting the Q3 2023 report and company strategies [2] - The increase in expense ratio in Q3 is attributed to depreciation costs from the new headquarters and increased testing fees for new product certifications [3] Group 2: Nuclear Power Sector Insights - 85-90% of the nuclear power orders in the first three quarters came from new nuclear unit construction tenders [4] - All tenders for the ten units approved in 2022 have been completed, with small batch deliveries expected this year for orders from 2020 and 2021 [4] - The domestic production rate of nuclear valves is currently at 85-90%, with ongoing efforts to increase market share [5] Group 3: Future Projections and Capacity - Six new nuclear units have been approved for construction this year, with expectations for more approvals in the future [6] - The current production capacity can meet the demand for valves for 6-8 new nuclear units annually, with ongoing upgrades to improve efficiency and capacity [7] Group 4: Metallurgy Industry Status - The metallurgy industry remains at a low level of prosperity, with the company adapting strategies to enhance competitiveness and market share [8] - The gas power generation project at Handan Longshan Steel is expected to start sharing benefits in Q4 2023 [9] Group 5: Meeting Conclusion - The investor call lasted approximately one hour, concluding without any undisclosed significant information leaks [10]

证券代码：002438 证券简称：江苏神通 江苏神通阀门股份有限公司投资者关系活动记录表 编号：2023-021 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 □现场参观 □√其他（电话调研） 远信投资、阳光资产、中信建投、宁银理财、中银国际、朱雀基 参与单位名称及 金、瑞兆资本、方正证券、国元证券、广发证券、恒越基金、开 人员姓名 源证券、光大证券、进门财经 时间 2023年10 月27日 地点 公司董事会秘书办公室 上市公司接待人 副总裁：章其强 员姓名 证券事务代表：陈鸣迪 ...

Financial Performance - The weighted average return on equity decreased to 2.41%, down 0.20 percentage points from the previous year[7] - Total operating revenue for the current period reached ¥1,543,309,421.53, an increase of 6.62% compared to the same period last year[24] - Net profit attributable to shareholders of the listed company was ¥76,169,561.63, reflecting a growth of 1.75% year-on-year[25] - Net profit increased from 179,033,861.01 to 201,560,518.96, representing a growth of approximately 12.3%[40] - Operating profit rose from 209,719,402.57 to 230,500,278.89, an increase of around 9.5%[40] - The company reported a total comprehensive income of 198,771,355.67 CNY, compared to 177,506,082.90 CNY in the previous period[57] - The basic and diluted earnings per share were both 0.40 CNY, an increase from 0.35 CNY in the previous period[57] Assets and Liabilities - Total assets as of the end of the reporting period were approximately ¥5.59 billion, a decrease of 3.62% compared to the end of the previous year[7] - The equity attributable to shareholders of the listed company increased to approximately ¥3.13 billion, up 5.87% from the previous year[7] - The company reported a decrease in total assets, indicating a potential need for strategic adjustments in asset management[7] - Total liabilities and equity amounted to 5,590,115,187.43 CNY, down from 5,800,144,112.54 CNY at the beginning of the year[53] - Current liabilities decreased from 2,131,477,615.69 to 2,056,623,446.37, a reduction of about 3.5%[38] - Long-term borrowings decreased from 514,007,174.19 to 207,916,540.45, a decline of approximately 59.6%[38] - Contract liabilities decreased from 167,925,439.99 to 133,134,007.37, a reduction of about 20.7%[38] Cash Flow - Cash and cash equivalents decreased by 38.24% compared to the beginning of the year, primarily due to the repayment of bank loans by the company and its wholly-owned subsidiary[11] - Cash flow from operating activities showed a drastic decline of 89.29%, totaling ¥7,244,640.35 year-to-date[31] - Cash received from operating activities was 1,463,774,293.62 CNY, compared to 1,327,645,099.71 CNY in the previous period[57] - The net cash flow from investing activities was -28,303,475.68 CNY, compared to -814,420,276.79 CNY in the previous period[45] - The net cash flow from financing activities was -261,436,755.91 CNY, a decrease from 737,073,835.37 CNY in the previous period[45] - The total cash and cash equivalents at the end of the period amounted to 508,478,920.77 CNY, down from 435,245,814.30 CNY at the beginning of the period[45] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Jiangsu Shentong Nuclear Energy Equipment Co., Ltd., to independently conduct business in the nuclear power equipment design and manufacturing sector[18] - The subsidiary obtained the Civil Nuclear Safety Equipment Design License and Manufacturing License in July 2023, enabling it to participate in nuclear power project bidding[19] - The company plans to expand its operations in the nuclear power and military products sectors as part of its strategic planning[18] - Research and development expenses increased to ¥59,382,598.81, up 18.69% from the previous period[24] - Investment income rose significantly by 94.99% to ¥14,172,574.66 compared to the same period last year[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,742[15] - The largest shareholder, Ningbo Juyuan Ruili Investment Partnership, holds 16.29% of the shares[15] Other Financial Metrics - The total cost of operations was ¥1,317,128,042.92, which is a 6.91% increase from the previous period[24] - The company reported a 610.76% increase in asset disposal income, amounting to ¥78,481.47 for the current period[30] - Other comprehensive income after tax decreased from -3,678,896.13 to -6,468,059.42, indicating a worsening in this area[38] - Cash received from investment recovery decreased from 1,887,689,621.04 to 970,515,000.00, a decline of approximately 48.5%[43] - The company’s cash outflow from financing activities totaled 1,023,405,132.13 CNY, compared to 659,165,988.54 CNY in the previous period[45] - The company increased its registered capital in its wholly-owned subsidiary by 20 million CNY, raising the total to 30 million CNY[49]

证券代码：002438 证券简称：江苏神通 公告编号：2023-048 江苏神通阀门股份有限公司 第六届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、会议召开情况 1、会议通知的时间和方式：本次会议已于 2023 年 10 月 14 日以电话或电子 邮件方式向全体董事、监事和高级管理人员发出了通知； 2、会议召开的时间、地点和方式：本次会议于 2023 年 10 月 24 日在本公司 总部 1204 多功能会议室以现场结合通讯表决的方式召开； 3、会议出席情况：本次会议应出席董事 7 名，实际出席 7 名； 4、会议主持及列席人员：本次会议由董事吴建新先生主持，公司监事、部 分高级管理人员列席会议； 5、会议合规情况：本次董事会会议的召开符合《公司法》《证券法》及《公 司章程》的规定。 二、会议审议情况 1、关于公司 2023 年三季度报告的议案 董事会编制和审议的公司 2023 年三季度报告的程序符合法律、行政法规和 中国证监会、深圳证券交易所的规定，报告内容真实、准确、完整地反映了公司 2023 年三季度的实际经营情况，不存 ...