Core Viewpoints - The mechanical industry is expected to embrace "technology + going global" as its dual main lines in 2026, focusing on high elasticity growth opportunities and performance certainty from overseas expansion [13][9][7] 2025 Review Market Performance - In 2025, the mechanical sector achieved a 41% increase, significantly outperforming the CSI 300 index, which rose by 18%, ranking fifth among A-share sub-industries [6][16] - The sub-sectors that performed well included PCB equipment (+252%), 3C equipment (+129%), controllable nuclear fusion (+119%), data centers (+112%), and humanoid robots (+85%) [20][6] Demand Side - Domestic demand showed signs of bottoming out, with a marginal improvement towards the end of 2025, while external demand began to recover positively [31][35] - The manufacturing PMI in December 2025 rebounded to 50.1, indicating a return to expansion territory, driven by large enterprises and high-tech manufacturing [32][35] Cost Side - The cost structure showed a continuous improvement trend, with PPI declining by 2.6% year-on-year in 2025, reflecting insufficient industrial demand [31][33] 2026 Outlook Macro Perspective - The macro narrative for the next five years is centered around "AI commercialization + global re-industrialization," with expectations of a cyclical recovery driven by proactive fiscal policies [6][7] Mid-level Perspective - Technology - The technology sector is expected to see explosive growth, with key areas including data centers, PCB equipment, semiconductor equipment, humanoid robots, and commercial aerospace [7][9] Mid-level Perspective - Going Global - The overseas production capacity is anticipated to enter a release phase in 2026, with significant revenue and profit growth expected for companies in the machinery and equipment sectors [7][8] Investment Recommendations - Investment strategies should focus on high-certainty directions with strong industry trends and competitive advantages, prioritizing stock selection based on industry trends, competitive positioning, and valuation [7][8] - Long-term investments should consider companies with platform capabilities that offer sustainable value [7][8]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [4]. Core Views - The company, Weilon Co., Ltd., is recognized as a leading supplier of water valves, benefiting from urbanization and industrialization in the Middle East, as well as the rising demand for IDC liquid cooling systems [1][2]. - The company has maintained a steady growth trajectory, with a compound annual growth rate (CAGR) of 10.6% in total revenue from 2017 to 2024, and a CAGR of 11.5% in net profit during the same period [1][24]. - The water treatment valve market is projected to reach approximately 120 billion yuan in 2024, driven by urban construction and industrial infrastructure investments [2][50]. - The company has a significant first-mover advantage in overseas markets, with established production capabilities in Thailand and Saudi Arabia, which will support long-term growth [3][37]. Summary by Sections Company Overview - Weilon Co., Ltd. has been deeply engaged in the water valve industry for over 30 years, with around 75% of its revenue coming from overseas markets, primarily in Europe and North America [1][14]. - The company has successfully expanded its product offerings to include valves for data center infrastructure since 2018, and it became the only qualified supplier of fire valves for Saudi Aramco in Asia by the end of 2021 [1][13]. Market Analysis - The water treatment valve market is the second-largest downstream sector in the industrial valve market, with a stable demand due to ongoing urbanization and infrastructure projects [2][50]. - The Middle East and North Africa are expected to contribute significantly to the water valve market, with an estimated 250 billion USD in water and wastewater treatment projects by the end of 2025 [2][64]. Growth Drivers - The demand for liquid cooling solutions is expected to surge due to the explosion of AI server computing power, with the liquid cooling valve market projected to reach approximately 8.4 billion yuan by 2026 [2][3]. - The company is well-positioned to capitalize on the growth in emerging markets, particularly in the Middle East and North Africa, where urbanization and industrialization are accelerating [2][64]. Financial Projections - The company is projected to achieve net profits of 1.3 billion yuan in 2025, 1.7 billion yuan in 2026, and 2.2 billion yuan in 2027, with corresponding price-to-earnings ratios of 37, 28, and 22 times [4][39]. - The company's gross margin has remained stable at around 40%, with a net profit margin consistently above 20% [28][32].

Group 1 - The company, Weilon Co., announced on January 20 that its fifth board meeting was held on the same day, discussing the proposal to authorize its wholly-owned subsidiary to jointly invest with professional investment institutions [1] - The meeting was conducted both in-person and via communication methods, indicating a flexible approach to corporate governance [1] Group 2 - The announcement highlights the company's strategic move towards collaboration with professional investment institutions, which may enhance its investment capabilities and market positioning [1]

Core Viewpoint - Weilon Co., Ltd. (002871.SZ) has approved a proposal for its wholly-owned subsidiary, Weilon (Hong Kong) Industrial Co., Limited, to invest in a fund managed by a professional investment institution, indicating a strategic move to diversify its investment portfolio [1] Group 1 - The board of directors of Weilon Co., Ltd. held its 19th meeting of the fifth session and reviewed the investment proposal [1] - The subsidiary, Weilon (Hong Kong), plans to invest up to $5 million, equivalent to approximately 35 million RMB, in the SinoPro Global Opportunities Fund II [1] - This investment will be made using the subsidiary's own funds, reflecting the company's commitment to exploring new investment opportunities [1]

Core Viewpoint - Weilon Co., Ltd. (002871.SZ) has approved a proposal to authorize its wholly-owned subsidiary, Weilon (Hong Kong) Industrial Co., Limited, to invest in a fund managed by a professional investment institution, indicating a strategic move to diversify its investment portfolio [1] Group 1 - The board of Weilon Co., Ltd. held its 19th meeting of the 5th session and reviewed the investment proposal [1] - The subsidiary, Weilon (Hong Kong), plans to invest up to $5 million (approximately 35 million RMB) in the SinoPro Global Opportunities Fund II [1] - This investment is aimed at acquiring shares in the SinoPro Global Opportunities Open-ended Fund Company [1]

证券代码：002871 证券简称：伟隆股份 公告编号：2026-002 青岛伟隆阀门股份有限公司 关于授权全资子公司与专业投资机构共同投资的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、投资概况 青岛伟隆阀门股份有限公司（以下简称"公司"）于 2026 年 1 月 20 日召开 了第五届董事会第十九次会议审议通过了《关于授权全资子公司与专业投资机构 共同投资的议案》，同意公司全资子公司伟隆（香港）实业有限公司（WEFLO (HONG KONG) INDUSTRIAL CO., LIMITED，以下简称"伟隆香港"）拟以自有资金在 500 万美元（折合人民币约 3,500.00 万元）额度内认购香港开放式基金型公司 SinoPro Global Opportunities Open-ended Fund Company 之子基金 SinoPro Global Opportunities Fund II 的投资基金份额。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管 指引第 7 号—交易与关联交易》及公司章程等规定，本次对外投资事 ...

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、董事会会议召开情况 青岛伟隆阀门股份有限公司（以下称"公司"）第五届董事会第十九次会议 通知于 2026 年 1 月 14 日通过专人送达、电子邮件等方式送达给董事和高级管理 人员。会议于 2026 年 1 月 20 日下午 14：00 时在公司会议室以现场和通讯方式 召开。本次会议应到董事 6 名，实到 6 名。会议由董事长范庆伟先生召集和主持， 高管列席会议。会议的召集、召开及表决程序符合《中华人民共和国公司法》及 《青岛伟隆阀门股份有限公司章程》的规定，合法有效。 二、董事会会议审议情况 经与会董事认真审议，会议以记名投票表决方式通过了以下议案并形成如下 决议： 1、审议通过《关于授权全资子公司与专业投资机构共同投资的议案》； 证券代码：002871 证券简称:伟隆股份 公告编号：2026-001 青岛伟隆阀门股份有限公司 第五届董事会第十九次会议决议的公告 表决情况：同意6票，反对0票，弃权0票 2026 年 1 月 21 日 具体内容详见《证券时报》《中国证券报》《证券日报》和巨潮资讯网 （http ...

Group 1 - The company announced that on January 20, 2026, it approved a proposal for its wholly-owned subsidiary, Weilon Hong Kong, to invest in the Zhongyi Global Opportunity Fund No. 2 with a budget of approximately 35 million yuan [1] - The investment amount is set at around 14 million yuan, with a validity period of 12 months and the funds being available for rolling use [1] - The fund has a duration of 6 months and primarily invests in fixed-income securities [1]

Group 1 - The core viewpoint of the news is that Weilon Co., Ltd. has seen a significant increase in its stock price, rising by 5.05% to 19.15 CNY per share, with a total market capitalization of 4.823 billion CNY [1] - Weilon Co., Ltd. specializes in the production and sales of valves and their accessories, automotive parts castings, and pipe fittings, with valve sales accounting for 80.11% of its main business revenue [1] - The company was established on June 8, 1995, and went public on May 11, 2017, indicating a relatively recent entry into the public market [1] Group 2 - According to data, the Caixin Fund holds a significant position in Weilon Co., Ltd., with its fund "Caixin Domestic Demand Growth 12-Month Open Mixed" (009970) owning 1,001,800 shares, representing 5.57% of the fund's net value [2] - The fund has achieved a year-to-date return of 8.11% and a one-year return of 92.04%, ranking 241 out of 8,084 in its category [2] - The fund manager, Shen Li, has been in charge for nearly five years, with the best fund return during his tenure being 106.67% [3]

证券代码：002871 证券简称:伟隆股份 公告编号：2025-116 青岛伟隆阀门股份有限公司 关于使用闲置自有资金进行现金管理的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 青岛伟隆阀门股份有限公司（以下简称"公司"）分别于 2025 年 4 月 25 日召 开的第五届董事会第十二次会议、第五届监事会第十一次会议，及 2025 年 5 月 16 日召开的 2024 年年度股东大会审议通过了《关于继续使用闲置自有资金进行现金 管理的议案》，同意公司使用闲置自有资金进行现金管理，额度不超过人民币 40,000 万元且可滚动使用，投资期限自 2024 年年度股东大会审议通过之日起一年内有效。 具体内容详见 2025 年 4 月 26 日公司刊登于指定信息披露媒体《中国证券报》 《证券时报》《证券日报》、巨潮资讯网(www.cninfo.com.cn）上的《关于继续使 用闲置自有资金进行现金管理的公告》。 一、闲置自有资金已到期的理财产品赎回情况 公司分别于 2025 年 5 月 26 日、2025 年 6 月 17 日向东北证券股份有限公司、 国泰海 ...