证券日报网12月23日讯 ，中泰股份在接受投资者提问时表示，城燃板块今年净利润未出现明显下滑， 基本不会再计提商誉，但仍需等评估师的减值测试报告后才能完全确定。 （文章来源：证券日报） ...

12月22日基金调研公司一览 从基金调研公司的A股总市值统计，总市值在500亿元以上的共有1家，其中总市值超千亿元的有领益智 造等，总市值不足100亿元的有4家，分别是美瑞新材、博盈特焊、莱宝高科等。 市场表现上，基金调研股中，近5日全部上涨，涨幅居前的有钧达股份、万向钱潮、中泰股份等，分别 上涨13.16%、5.57%、4.69%。 数据宝统计，基金参与调研股中，近5日资金净流入的有4只，钧达股份近5日净流入资金1.32亿元，主 力资金净流入最多；净流入资金较多的还有领益智造、万向钱潮等，净流入资金分别为1.18亿元、1.13 亿元。（数据宝） 昨日基金共对7家公司进行调研，扎堆调研领益智造、钧达股份等。 证券时报·数据宝统计，12月22日共13家公司被机构调研，按调研机构类型看，基金参与7家公司的调研 活动。领益智造最受关注，参与调研的基金达33家；钧达股份、万向钱潮等分别获4家、3家基金集体调 研。 基金参与调研的公司中，按所属板块统计，深市主板公司有4家，创业板公司有3家。 | 代码 | 简称 | 基金家数 | 最新收盘价（元） | 近5日涨跌幅（%） | 行业 | | --- | --- | --- ...

Group 1 - The company is the only domestic enterprise that has achieved the specialized system for shipborne LNG domestic substitution [2] - The company is now listed as a supplier for large shipyards in both domestic and European-American markets [2]

4只个股今日获机构买入型评级，争光股份为机构首次关注。 证券时报·数据宝统计显示，今日机构研报共发布4条买入型评级记录，共涉及4只个股。三花智控、云 图控股等关注度最高，均有1次机构买入型评级记录。 市场表现方面，机构买入型评级个股今日平均下跌0.52%，表现弱于沪指。跌幅较大的个股有三花智 控、中泰股份、争光股份等，跌幅分别为1.19%、0.92%、0.74%。 机构今日买入型评级记录 | 代码 | 简称 | 机构名称 | 最新评级 | 上次评级 | 预测目标价（元） | 最新收盘价（元） | | --- | --- | --- | --- | --- | --- | --- | | 002050 | 三花智控 | 中金公司 | 跑赢行业 | 跑赢行业 | 59.50 | 44.88 | | 300435 | 中泰股份 | 申万宏源 | 买入 | 买入 | 28.30 | 21.65 | | 301092 | 争光股份 | 东北证券 | 增持 | 未评级 | | 36.31 | | 002539 | 云图控股 | 国信证券 | 优于大市 | 优于大市 | | 11.60 | （文章来源：证券时报网） ...

杭州中泰深冷技术股份有限公司投资者关系活动记录表 编号：2025-009 投资者关系活动 类别 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 国信证券 杜松阳 诺安基金 杨靖康 中庚基金 陆艺飞 光大证券 汲萌 夏天宇 陈佳宁 兴银基金 乔华国 申万证券 傅浩玮 永安国富 华文兴 中信证券 裘科 永禧投资 王超 耿敏纳 时间 2025 年 12 月 22 日 地点 公司会议室 上市公司接待 人员姓名 董事会秘书：周娟萍 证券事务代表：凌诗轶 投资者关系活动 主要内容介绍 公司介绍： 一、国内业务情况： 新疆地区业务展望：由于新疆优质的地理资源，地域上也可辐射中 亚，是国内目前最具活力的区域，也是公司每年的重点市场之一。现阶 段跟踪的新疆项目多处于技术交流和报价阶段，有望 2026 年及以后陆 续落地。 国内业绩目标：未来 2-3 年国内业务目标为"稳"，看到的积极现 象是国内反内卷已开始市场化修正，部分客户已不再采用最低价中标， 更看重供应商的交付能力以及产品品质，国内订单毛利有趋稳迹象。 城燃业务情况：由于德州地区政府依然未对民 ...

上 市 公 司 公 司 研 究 / 公 司 深 度 2025 年 12 月 23 日 中泰股份 (300435) ——稳健经营谋成长 深冷设备出海成为重要增长引擎 报告原因：强调原有的投资评级 买入（维持） | 市场数据： | 2025 年 12 月 22 日 | | --- | --- | | 收盘价（元） | 21.85 | | 一年内最高/最低（元） | 23.67/10.59 | | 市净率 | 2.5 | | 股息率%（分红/股价） | 0.92 | | 流通 A 股市值（百万元） | 8,059 | | 上证指数/深证成指 | 3,917.36/13,332.73 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 8.59 | | 资产负债率% | 26.85 | | 总股本/流通 A 股（百万） | 386/369 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： -50% 0% 50% 100% 12-23 01-23 02-23 03-23 0 ...

Core Viewpoint - The company is positioned to benefit from the growth in commercial aerospace and satellite communication sectors, leveraging its expertise in cryogenic technology and special gases [1] Group 1: Commercial Aerospace Applications - The company designs and manufactures cryogenic equipment and operates special gases that have been applied in the aerospace sector [1] - The development of commercial aerospace is expected to provide new revenue opportunities for the company [1] Group 2: Nuclear Fusion Related Layouts - The company has relevant performance in domestic and international controlled nuclear fusion projects through its cryogenic technology and equipment [1] - As a leading enterprise in the cryogenic industry, the company focuses on continuous R&D of new products to expand downstream application areas [1]

Investment Rating - The report maintains a "Buy" rating for the public utility sector [5] Core Views - The report emphasizes the importance of green electricity consumption and solid waste management in the context of the "dual carbon" goals set for 2026, suggesting a focus on the green electricity sector for potential valuation recovery [4][8] - The report highlights the ongoing decline in electricity prices and the need for adjustments in the installation rhythm of new green electricity projects based on regional supply and demand [4][3] - The report suggests that the electricity market reform is progressing, with a focus on expanding the electricity spot market and auxiliary services, while also noting the transformation of thermal power's functional positioning [4] Summary by Sections Market Review - The SW public utility sector experienced a slight decline of 0.09% this week, ranking 11th among 31 SW sectors, while the Shanghai Composite Index fell by 0.34% [23] - Among sub-sectors, thermal power increased by 0.22%, while hydropower decreased by 0.26% [23] - The top five performing stocks in the public utility sector this week were: Jiaze New Energy (+9.71%), Yinxing Energy (+8.58%), Zhongtai Co. (+7.79%), Xichang Power (+5.38%), and Chenzhou International (+4.14%) [29] Price Updates - The report notes a significant drop in thermal coal prices, with Qinhuangdao port's 5500 kcal thermal coal price decreasing by 39 CNY/ton this week [2][9] - The average settlement price for electricity in Guangdong was reported at 292.88 CNY/MWh, down from 354.64 CNY/MWh the previous week [10] Key Events - Various provinces have begun releasing results for the "136" document's incremental project bidding, with significant volumes of green electricity being auctioned at varying prices [3][7] - The Central Economic Work Conference reiterated the commitment to the "dual carbon" goals, emphasizing the need for a comprehensive green transition and the expansion of green electricity applications [8]

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The SW Machinery Equipment Index increased by 1.38% in the last week, ranking 4th among 31 primary industry categories, while the CSI 300 Index decreased by 0.08% [11] - Year-to-date, the SW Machinery Equipment Index has risen by 35.94%, outperforming the CSI 300 Index, which increased by 16.42% [15] Summary by Sections Market Review - The SW Machinery Equipment Index has shown strong performance, ranking 4th among industry categories for the week and 6th year-to-date [11][15] Key Insights - Tractor exports in October saw a significant increase of 54% compared to the previous months, indicating a positive outlook for 2026 [20] - The Middle East is accelerating its natural gas investments, with a projected 97% increase in capital expenditure from 2023-2024 compared to the average from 2014-2022 [22] - GEV has raised its gas turbine production target, indicating a robust demand for turbine blades, with a focus on domestic leader Yingliu [22] - The nuclear fusion sector is entering a new phase with multiple bids expected to be awarded soon, signaling a potential increase in orders for leading supply chain companies [22] Sector Performance Indicators - General Machinery: Continues to face pressure with a PMI of 49.2% [21] - Engineering Machinery: Shows signs of upward momentum with excavator sales increasing by 7.8% year-on-year [30] - Railway Equipment: Maintains steady growth with fixed asset investment around 6% [39] - Shipbuilding: Experiences a slowdown in price decline, indicating stabilization [42] - Oilfield Equipment: Bottoming out with stable demand in the Middle East [44] - Industrial Gases: Demand expected to rise as raw material prices decrease [50] - Gas Turbines: Strong growth with GEV reporting a 39% increase in new orders [51]

Core Viewpoint - The A-share market is experiencing significant gains in stocks related to controllable nuclear fusion, with several companies reaching their daily price limits and showing substantial year-to-date performance increases [1][2]. Group 1: Stock Performance - Tianli Composite (920576) reached a 30% increase, with a total market value of 6.629 billion and a year-to-date increase of 194.75% [2] - Changfu Co., Ltd. (920396) saw a 19.74% rise, with a market value of 2.887 billion and a year-to-date increase of 203.01% [2] - Haotian Technology (301137) increased by 13.36%, with a market value of 10.3 billion and a year-to-date increase of 225.27% [2] - Srey New Materials (688102) rose by 10.55%, with a market value of 25.1 billion and a year-to-date increase of 269.89% [2] - China West Electric (601179) increased by 10.06%, with a market value of 46.5 billion and a year-to-date increase of 21.45% [2] - Other notable performers include Huadong Cable (10.03% increase), Sichuan Chuang (10% increase), and Snowman Group (9.99% increase) [1][2]. Group 2: Market Trends - The overall trend in the A-share market indicates a strong bullish sentiment, particularly in the controllable nuclear fusion sector, as evidenced by the formation of MACD golden cross signals [1]. - Companies such as Guotai Heavy Industries and China Nuclear Engineering also showed significant gains, with increases around 9.97% and 9.96% respectively [2]. - The performance of these stocks reflects a growing investor interest in the nuclear fusion industry, suggesting potential for further investment opportunities [1][2].