分红方面，隆华科技A股上市后累计派现3.15亿元。近三年，累计派现9808.55万元。 机构持仓方面，截止2025年6月30日，隆华科技十大流通股东中，香港中央结算有限公司位居第十大流 通股东，持股533.03万股，相比上期减少51.71万股。 资料显示，隆华科技集团(洛阳)股份有限公司位于河南省洛阳市洛龙区开元大道288号会展国际13-13A 层，成立日期1995年7月5日，上市日期2011年9月16日，公司主营业务涉及电子新材料业务、高分子复 合材料业务、节能环保业务。主营业务收入构成为：节能换热装备业务35.87%，靶材及超高温特种材 料业务26.91%，环保水处理产品销售13.49%，泡沫制品与结构件9.44%，萃取剂8.76%，轨道交通产品 3.05%，污水处理1.04%，其他0.89%，环保水处理工程承包0.55%。 隆华科技所属申万行业为：机械设备-通用设备-其他通用设备。所属概念板块包括：大飞机、军民融 合、无人机、航天军工、QLED等。 截至6月30日，隆华科技股东户数4.20万，较上期减少6.02%；人均流通股20099股，较上期增加 16.38%。2025年1月-6月，隆华科技实现营业收 ...

Core Viewpoint - The titanium target material industry is experiencing significant growth due to its critical applications in high-tech fields such as semiconductors, medical devices, and aerospace, with a projected market size of 2.802 billion yuan in China by 2024, reflecting an 8.35% year-on-year increase [1][8]. Industry Overview - Titanium target materials are made from high-purity titanium or titanium alloys, exhibiting excellent corrosion resistance, high strength, low density, and good biocompatibility, primarily used in semiconductor manufacturing, flat panel displays, decorative coatings, and vacuum equipment [4][6]. - The industry is supported by favorable policies, including subsidies and tax incentives, as outlined in the "14th Five-Year" new materials industry development plan, which identifies sputtering target materials as a key area for breakthroughs [1][8]. Market Size and Growth - The market size of China's titanium target material industry is expected to reach 2.802 billion yuan in 2024, with an increase of 8.35% compared to the previous year [1][9]. - The global semiconductor industry is projected to recover in 2024, with sales reaching $627.6 billion, a 19.1% increase year-on-year, driving demand for titanium targets as semiconductor nodes advance to 3nm and below [7][8]. Industry Chain - The titanium target material industry chain consists of upstream raw material and equipment suppliers, midstream manufacturers, and downstream application sectors, including semiconductors, medical devices, aerospace, and automotive manufacturing [7]. - China's titanium ore production is expected to decline by 6.3% to 3.044 million tons in 2024, but China remains the largest producer globally, accounting for 35.1% of total production [7]. Competitive Landscape - The industry is characterized by intense competition, with companies like Jiangfeng Electronics leading the first tier, followed by Longhua Technology, Ashi Innovation, and others in the second tier [10]. - Jiangfeng Electronics specializes in ultra-high-purity metal sputtering targets and has seen a 23.91% year-on-year increase in revenue, reaching 1.325 billion yuan in the first half of 2025 [11]. Development Trends - Future trends in the titanium target material industry include the adoption of advanced manufacturing processes such as powder metallurgy and 3D printing to enhance production efficiency and product quality [12]. - There is a growing emphasis on sustainability, with a focus on energy conservation and recycling in production processes, alongside expanding applications in emerging fields like new energy storage and biomedical materials [12].

Group 1 - The company, Longhua Technology (300263.SZ), currently does not have any products or services directly related to robotics [1]

Core Viewpoint - Longhua Technology (300263) is enhancing its comprehensive competitive ability through increased R&D investment, technological breakthroughs, capacity optimization, market responsiveness, strategic partnerships with end customers, and expansion into emerging application scenarios [1] Group 1 - The company is committed to continuous R&D investment and technological advancements [1] - Longhua Technology is optimizing its production capacity to better respond to market demands [1] - The company is deepening strategic collaborations with end customers [1] Group 2 - Longhua Technology is actively exploring new application scenarios to expand its market presence [1] - The company has not made any adjustments to its equity incentive targets and is proceeding as planned [1] - Investors are advised to monitor the company's future announcements regarding performance target achievements [1]

东方金诚国际信用评估有限公司（以下简称"东方金诚"）受托对隆华科技集团（洛阳）股份 有限公司（以下简称"隆华科技"或"公司"）及其发行的"隆华科技集团(洛阳)股份有限公司 2021 年可转换公司债券"（以下简称"隆华转债"）进行了信用评级。2025 年 6 月 19 日，东方金诚对 隆华科技主体及"隆华转债"进行了定期跟踪评级，维持隆华科技主体信用等级为 AA-，评级展望 为稳定，维持"隆华转债"信用等级为 AA-，评级结果自评级报告日起至到期兑付日有效。 东方金诚关注到，2025 年 8 月 9 日，公司发布《关于提前赎回隆华转债的公告》，称因公司 股票自 2025 年 7 月 21 日至 2025 年 8 月 8 日已有十五个交易日的收盘价格高于当期转股价格（6.10 元/股）的 130%（即 7.93 元/股），触发了《隆华科技集团（洛阳）股份有限公司向不特定对象发 行可转换公司债券并在创业板上市募集说明书》约定的有条件赎回条款，为降低公司财务费用及资 金成本，经审慎考虑，公司董事会同意行使"隆华转债"提前赎回权。2025 年 9 月 8 日，公司发布 《关于隆华转债赎回结果的公告》及《关于隆华转债摘牌 ...

北京市安理律师事务所 关于隆华科技集团（洛阳）股份有限公司 2025 年第二次临时股东会的 法律意见书 北京市朝阳区东三环中路 5 号财富金融中心 36 层 36th/F,Fortune Financial Center,No.5 East Third Ring Middle Road,Chaoyang District, Beijing T：+86 10 85879199 F：+86 10 85879198 W：www.anlilaw.com 北京市安理律师事务所 法律意见书 北京市安理律师事务所 关于隆华科技集团（洛阳）股份有限公司 2025 年第二次临时股东会的 法律意见书 安理证字 2025 第 0319 号 致：隆华科技集团（洛阳）股份有限公司 北京市安理律师事务所依法接受隆华科技集团（洛阳）股份有限公司（下 称"公司"）的委托，指派侯旭律师、高凤培律师（下称"本所律师"）出席 公司 2025 年第二次临时股东会（下称"本次股东会"）并依法进行见证。 本次股东会如期于 2025 年 9 月 15 日下午 14:30 在洛阳市洛龙区开元大道 288 号会展国际 13A 层公司一号会议室召开，由公司董事 ...

隆华科技集团（洛阳）股份有限公司 2025 年第二次临时股东会决议公告 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。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会未涉及变更以往股东会已通过的决议； 3、本次股东会以现场投票（现场及视频会议方式投票，下同）、网络投票相结 合的方式召开。 一、会议召开和出席情况 2025 年 8 月 28 日，隆华科技集团（洛阳）股份有限公司（以下简称"公司"） 董事会以公告方式向全体股东发出召开 2025 年第二次临时股东会的会议通知，本次 会议以现场及网络投票相结合的方式召开。其中，通过深圳证券交易所交易系统进 行网络投票的时间为：2025 年 9 月 15 日 9:15—9：25，9：30—11:30 和 13:00— 15:00；通过深圳证券交易所互联网系统投票的具体时间为：2025 年 9 月 15 日 9： 15－15：00 期间的任意时间。现场会议于 2025 年 9 月 15 日 14：30 在公司一号会 议室召开。 证券代码：300263 证券简称：隆华科技 公告编号：2025－063 中小 ...

Investment Rating - The report maintains an "Accumulate" rating for the company, indicating a projected increase of 5% to 15% relative to the CSI 300 index over the next six months [1][23]. Core Views - The company's revenue from new materials and water treatment businesses has shown significant growth, with a 23.95% year-on-year increase in revenue for the first half of 2025, reaching 1.515 billion yuan [7][10]. - The net profit attributable to shareholders increased by 5.83% year-on-year, amounting to 112 million yuan, with a basic earnings per share of 0.13 yuan [7][10]. - The company's target material business has begun to ramp up, achieving a revenue of 408 million yuan, a 49.44% increase year-on-year, supported by the production of ITO target materials [10][11]. Summary by Sections Financial Performance - In the first half of 2025, the company achieved a total revenue of 1.515 billion yuan, with significant contributions from energy-saving heat exchange equipment, water treatment, and target materials, which grew by 11.90%, 41.56%, and 49.44% respectively [10]. - The gross profit margin for the first half of 2025 was 22.37%, a decrease of 2.09 percentage points compared to the previous year [10]. - The operating cash flow turned positive, reaching 99 million yuan, due to improved accounts receivable recovery [10]. Business Development - The company is actively developing new products in the target materials sector, with recent successes in obtaining patents and passing quality audits for new products [10]. - The company is expanding its presence in the photovoltaic sector, focusing on perovskite, heterojunction, and tandem battery technologies [10]. Future Projections - The revenue forecasts for 2025-2027 are projected at 3.087 billion yuan, 3.411 billion yuan, and 3.786 billion yuan respectively, with net profits expected to reach 220 million yuan, 268 million yuan, and 315 million yuan [11][12].

Company Overview - Longhua Technology Group (Luoyang) Co., Ltd. is located in Luoyang, Henan Province, and was established on July 5, 1995. The company was listed on September 16, 2011. Its main business includes electronic new materials, polymer composite materials, and energy-saving environmental protection [1][2]. Financial Performance - For the first half of 2025, Longhua Technology achieved operating revenue of 1.515 billion yuan, representing a year-on-year growth of 23.95%. The net profit attributable to the parent company was 112 million yuan, with a year-on-year increase of 5.83% [2]. - As of June 30, 2025, the company has distributed a total of 315 million yuan in dividends since its A-share listing, with 98.085 million yuan distributed over the past three years [3]. Stock Performance - As of September 11, Longhua Technology's stock price increased by 2.38%, reaching 8.62 yuan per share, with a total market capitalization of 8.922 billion yuan. The stock has risen 18.88% year-to-date and 21.07% over the past 60 days [1]. - The stock has seen a net inflow of main funds amounting to 18.2029 million yuan, with significant buying activity from large orders [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Longhua Technology was 42,000, a decrease of 6.02% from the previous period. The average number of circulating shares per person increased by 16.38% to 20,099 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 5.3303 million shares, a decrease of 517,100 shares from the previous period [3]. Business Segments - The company's main business revenue composition includes: energy-saving heat exchange equipment (35.87%), target materials and ultra-high temperature special materials (26.91%), environmental water treatment products (13.49%), foam products and structural components (9.44%), extractants (8.76%), rail transit products (3.05%), sewage treatment (1.04%), and other segments (0.89%) [1]. Industry Classification - Longhua Technology is classified under the machinery equipment sector, specifically in general equipment and other general equipment categories. The company is associated with concepts such as large aircraft, QLED, military-civilian integration, drones, and foldable screens [2].

Group 1 - Longhua Technology (300263) has indicated a strong order backlog from Zhaoheng Technology as of September 10 [1] - The company is closely monitoring the development trends in the low-altitude economy and is actively seizing industry opportunities [1] - Longhua Technology has engaged in communication and collaboration with multiple low-altitude aircraft manufacturers, supporting testing and research and development, and has achieved product supply [1]