Group 1 - The core viewpoint of the article highlights that Xuanyuan Investment has conducted research on Zhongtai Co., which is optimistic about achieving its annual sales targets and expects to increase its market share in overseas markets over the next 2-3 years [1] - Zhongtai Co. is focusing on expanding into the Middle East, Central Asia, and Europe and the United States, with cold boxes as the main export product [1] - The company is experiencing a friendly competitive landscape, with an increase in overseas orders contributing to an overall rise in gross profit [1] Group 2 - The increase in sales expenses is attributed to higher commission costs for certain overseas projects [1] - The domestic market environment is challenging, but progress has been made on the Xinjiang coal chemical project [1] - Zhongtai Co. is also exploring the controllable nuclear fusion sector, while considering financial investments in the robotics field [1] Group 3 - The price of bulk gases remains stable, and the helium business has not been affected [1] - The company does not expect to trigger goodwill impairment this year [1]

Group 1 - The core point of the article is that Zhongtai Co., Ltd. (300435) reported a significant increase in sales expenses in its semi-annual report, primarily due to high commission fees from certain overseas projects being classified as sales expenses [1] Group 2 - The company announced this information on August 28, indicating transparency in addressing inquiries from investors [1] - The increase in sales expenses is attributed to specific overseas projects, highlighting the impact of international operations on financial performance [1]

证券日报网讯中泰股份（300435）8月28日发布公告，在公司回答调研者提问时表示，大宗气体价格整 体变化不大，电子气价格受下游需求不足影响气价未见明显恢复的迹象。在氦气领域，公司未参加运 营，但已有多套BOG提氦装置业绩，如果国内需求释放，将为公司设备端带来增量。 ...

（编辑 袁冠琳） 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，上半年国内市场需求不理 想、资金紧张、价格竞争激烈的形势依然延续，公司也在积极调整销售策略，尽力维护多年来积累的国 内市场份额。上半年公司已取得新疆第一套煤制气项目。新疆作为今年重点开拓的区域，公司加大销售 力量重点开拓，这有助于公司及时获取项目信息、打通销售渠道、加速订单签订，若有项目大规模落地 相信将为公司带来可观的订单增量。 ...

Core Viewpoint - Zhongtai Co., Ltd. announced on August 28 that it is focusing on expanding its market presence in overseas regions, particularly in the Middle East, Central Asia, Europe, and the United States, due to a significant number of new and updated projects in the overseas petrochemical and coal chemical sectors [1] Group 1 - The company is actively building and improving its sales channels to increase its market share in overseas markets [1] - Currently, the main products exported overseas are cold boxes, along with a small number of complete sets of equipment [1]

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]

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 中泰股份股价出现异动，截至今日9时32分，股价大涨14.00%，成交1112.58万股，成交金额2.08亿元， 换手率为3.02%，公司发布的最新业绩预告显示，预计前三季实现净利润3.25亿元—3.55亿元，净利润 同比增长71.36%—87.19%。 资金面上看，中泰股份近5日主力资金总体呈净流入状态，累计净流入35.40万元，其中，上一交易日主 力资金全天净流入2067.45万元。（数据宝） （文章来源：证券时报网） ...