证券日报网讯 中泰股份8月28日发布公告，在公司回答调研者提问时表示，公司多年来致力于海外市场 的布局，目前已进入多家知名客户的供应商名单，并已通过多家知名工程公司的资质审核，由于国外业 主以及工程公司严格的审核体系，国内很少企业能进入其合格供应商名单；且通过持续的海外订单交 付，客户对公司产品以及品牌的认可度不断提升，竞争格局较为友好。在海外市场上公司主要对标全球 知名的欧美设备厂商，竞争环境较国内较为友好，随着海外订单占比不断提升，公司总体毛利向上的趋 势依旧存在。 （编辑 袁冠琳） ...

Core Viewpoint - Zhongtai Co., Ltd. is enhancing its overseas sales capabilities and expanding its overseas team to support market development and project advancement [1] Group 1: Overseas Market Expansion - The company has been gradually increasing its overseas sales force over the past two years [1] - The overseas market department is continuously expanding based on demand to ensure sufficient personnel for market development [1] - The establishment of subsidiaries and partnerships with agents has led to a more mature and complete overseas sales channel [1] Group 2: Domestic Market Strategy - Domestic sales personnel are reallocating resources to support the overseas department in exploring international markets [1] - The company aims to simultaneously strengthen its presence in both domestic and overseas markets [1]

Group 1 - The gas sector experienced a rise of 0.83% on August 28, with Zhongtai Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] - Zhongtai Co., Ltd. saw a significant increase in its stock price, closing at 18.58 with a rise of 12.13% [1] Group 2 - The gas sector had a net outflow of 189 million yuan from main funds, while retail investors contributed a net inflow of 111 million yuan [3] - The table provided shows various gas sector stocks, their closing prices, percentage changes, trading volumes, and transaction amounts [1][3]

Group 1: Financial Performance - In H1 2025, the company achieved revenue of 1.302 billion CNY, a decrease of 4.79% compared to the same period last year, primarily due to a significant decline in the city gas segment [2] - Equipment sales accounted for 583 million CNY, representing 44.74% of total revenue, with a year-on-year growth of 7.52% [2] - The city gas segment revenue was 649 million CNY, making up 49.43% of total revenue, down 18.64% year-on-year [3] - The gas operation segment generated 76.03 million CNY, contributing 5.84% to total revenue, a decline of 8.37% compared to the previous year [3] Group 2: Profitability Analysis - The company reported a net profit of 135 million CNY in H1 2025, an increase of 9.14% year-on-year, despite the revenue decline in the city gas segment [3] - The equipment sales segment contributed over 90% of the total profit, amounting to 120 million CNY [3] - The comprehensive gross margin for the equipment segment was 42.28%, an increase of 12.83 percentage points year-on-year, driven by an increase in overseas sales [3] - The city gas segment's gross margin was 5.06%, down 4.53 percentage points from the previous year due to reduced gas consumption [3] Group 3: Order and Market Outlook - As of H1 2025, the company had an order backlog of 2.442 billion CNY, with new orders signed remaining flat year-on-year [4] - Over 50% of new orders were from overseas markets, with nearly 40% of the backlog consisting of overseas orders [4] - The company aims to achieve a sales target of 2.3 billion CNY for the full year 2025, despite a slow start in new orders [4] Group 4: Strategic Initiatives - The company plans to focus on expanding its equipment sales segment and enhancing its overseas market presence, particularly in the Middle East, Central Asia, and Europe [5][6] - Efforts are being made to strengthen communication with local governments regarding gas pricing and to recover outstanding payments [4] - The company is open to new technologies and will explore investments, independent research, and external collaborations to develop new technologies [4] Group 5: Challenges and Risks - The domestic market remains challenging due to weak demand, tight funding, and intense price competition [9] - The company has already recognized a goodwill impairment of 313 million CNY for the city gas segment in the previous year, but does not anticipate further impairments in 2025 [11]

Core Viewpoint - Zhongtai Co., Ltd. experienced a significant stock price surge, increasing by 14.00% as of 9:32 AM today, with a trading volume of 11.1258 million shares and a transaction value of 208 million yuan [2] Financial Performance - The company released its latest earnings forecast, projecting a net profit of 325 million to 355 million yuan for the first three quarters, representing a year-on-year growth of 71.36% to 87.19% [2] Market Activity - In terms of capital flow, Zhongtai Co., Ltd. has seen a net inflow of 354,000 yuan from major funds over the past five days, with a total net inflow of 20.6745 million yuan on the previous trading day [2]

Core Insights - Four companies have released performance forecasts for the first three quarters, all indicating an increase in performance [1] Group 1: Company Performance Forecasts - Company Zhongtai (300435) expects a net profit increase of 79.28% [2] - Company Luxshare Precision (002475) anticipates a net profit increase of 22.50% [2] - Company Zhigao (920101) projects a net profit increase of 17.37% [2] - Company Nengzhi (920056) forecasts a net profit increase of 7.57% [2]

Group 1 - One company in the ChiNext board has announced its performance forecast for the first three quarters, indicating a profit increase [1] - The company, Zhongtai Co., is expected to see a net profit increase of 79.28% [1] - The latest closing price of Zhongtai Co. is 16.57 yuan, with a year-to-date increase of 39.17% [1] Group 2 - The performance forecast was released on August 27, 2025 [1] - The industry classification for Zhongtai Co. is public utilities [1]

Group 1: Company Performance - Honghe Technology reported a net profit increase of 10,588% year-on-year for the first half of the year, with revenue of 550 million yuan, up 35% [2] - Zhongtai Co. expects a net profit of 325 million to 355 million yuan for the first three quarters, representing a growth of 71.36% to 87.19% year-on-year, with Q3 net profit projected at 190 million to 220 million yuan, a year-on-year increase of 187.60% to 233.01% [3] - Guanghe Technology plans to invest 2.6 billion yuan in the construction of a cloud manufacturing base to expand high-end printed circuit board production capacity, with a project cycle from late 2025 to 2027 [3] Group 2: Market Trends - The stock market saw a significant drop in the afternoon, with both the Shanghai and Shenzhen indices falling over 1%, and a total trading volume of 3.17 trillion yuan, an increase of 486.5 billion yuan from the previous trading day [1] - Market hotspots were concentrated in computing power and chip sectors, with over 4,700 stocks declining, while sectors like CPO, rare earths, and semiconductors showed gains [1] - In the US market, major indices experienced slight gains, with the Dow up 0.32%, S&P 500 up 0.24%, and Nasdaq up 0.21%, driven by increases in large tech stocks [4]

Core Viewpoint - Zhongtai Co., Ltd. expects a significant increase in net profit for the third quarter and the first three quarters of 2025, driven by increased domestic and overseas orders and a rise in overseas revenue [2][3]. Financial Performance - The company forecasts a net profit attributable to shareholders of 325 million to 355 million yuan for the first three quarters, representing a year-on-year growth of 71.36% to 87.19% [2][3]. - For the third quarter, the expected net profit is between 190 million to 220 million yuan, showing a year-on-year increase of 187.60% to 233.01% [2][3]. - The impact of non-recurring gains and losses on net profit is estimated to be around 10 million yuan [3]. Business Segments - Zhongtai Co., Ltd. operates in two main segments: deep-cooling equipment manufacturing and gas operation [6]. - The deep-cooling equipment manufacturing segment focuses on chemical energy deep-cooling technology devices, with core products like cold boxes and aluminum plate-fin heat exchangers achieving world-class standards [6]. - The gas operation segment began in 2019 with the acquisition of Shandong Zhongyi Gas and has expanded into large-scale gas operations and rare gas operations [6]. Revenue Breakdown - In the first half of 2025, the company reported total revenue of 1.302 billion yuan, with the equipment sales segment contributing 583 million yuan, a year-on-year increase of 12.83% [7][8]. - The gross margin for the equipment sales segment was 42.28%, reflecting a 12.83% increase compared to the previous year [7][8]. - The gas operation segment generated 644 million yuan in revenue, a decline of 18.64% year-on-year, with a gross margin of 5.06% [8]. Order Backlog - As of June 30, 2025, Zhongtai Co., Ltd. had an order backlog of 2.442 billion yuan in equipment sales, with nearly 40% of these orders coming from overseas [9].

Core Viewpoint - Zhongtai Co., Ltd. expects a significant increase in net profit for the third quarter, projecting a range of 190 million to 220 million yuan, representing a year-on-year growth of 187.60% to 233.01% [2][3]. Financial Performance - For the first three quarters, Zhongtai Co., Ltd. anticipates a net profit attributable to shareholders of 325 million to 355 million yuan, reflecting a year-on-year increase of 71.36% to 87.19% [3][4]. - The third quarter's projected net profit is expected to be between 190 million and 220 million yuan, with a year-on-year growth of 187.60% to 233.01% [4][6]. Revenue Breakdown - The company reported a revenue of 1.302 billion yuan in the first half of the year, with the equipment sales segment generating 583 million yuan, a year-on-year increase of 12.83%, accounting for approximately 45% of total revenue [7][8]. - The gas operation segment's revenue for the first half was 644 million yuan, showing a decline of 18.64% year-on-year, with a gross margin of 5.06%, down 4.53% from the previous year [8]. Business Segments - Zhongtai Co., Ltd. operates primarily in two segments: deep-cooling equipment manufacturing and gas operation, with the former being the main profit driver despite the gas operation segment having a higher revenue share [6][9]. - The deep-cooling equipment manufacturing segment has achieved a leading position in domestic design and manufacturing, with products exported to 53 countries and regions [6][9]. Future Outlook - The company has a backlog of orders worth 2.442 billion yuan as of June 30, 2025, with nearly 40% of these orders coming from overseas, indicating strong international demand and market recognition [9].