耐普矿机公告，预计2025年前三季度净利润为6100万元，同比下降49.32%。报告期内，公司继续实施 在全球布局建设生产基地，资本开支较大。2025年前三季度，公司产生固定资产折旧7170.82万元，较 去年同期增加1473.45万元。2024年前三季度，公司确认EPC项目收入2亿元，今年同期无EPC项目确认 收入，导致公司净利润出现较大幅度下降。 ...

证券代码：300818 证券简称：耐普矿机 公告编号：2025-095 江西耐普矿机股份有限公司 2025 年前三季度业绩预告 三、业绩变动原因说明 1、报告期内，公司深入开拓国内外市场。2025 年第三季度，公司合同签订 额较去年同比增长 80.42%，其中国内增长 48.31%，国外增长 114.30%；2025 前 三季度，公司合同签订总额较去年同比增加 32.21%，其中国内同比增长 11.72%， 国外同比增长 51.44%。 2、2025 年前三季度汇兑产生的收益对公司净利润的影响约为-795.67 万元， 去年同期为-61.89 万元。 单位：万元 项目 本报告期 上年同期 归属于上市公司股 东的净利润 6,100 — 6,600 12,035.74 比上年同期下降 49.32% — 45.16% 扣除非经常性损益 后的净利润 5,391 — 5,891 11,660.56 比上年同期下降 53.77% — 49.48% 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 ...

行 业 及 产 业 机械设备 行 业 研 究 / 行 业 点 评 证券分析师 王珂 A0230521120002 wangke@swsresearch.com 郭中伟 A0230524120004 guozw@swsresearch.com 李蕾 A0230519080008 lilei@swsresearch.com 刘建伟 A0230521100003 liujw@swsresearch.com 研究支持 券 研 苏萌 A0230122080001 sumeng@swsresearch.com 联系人 何佳霖 (8621)23297818× hejl@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 2025 年 10 月 13 日 金属涨价驱动设备需求增加，关注 矿山机械及相关拥有矿山资产公司 看好 ——矿山机械行业点评 投资观点： 请务必仔细阅读正文之后的各项信息披露与声明 证 究 报 告 相关研究 - ⚫ 有色金属价格上行，有望带动设备资本开支增加。价格是设备投资的"指挥棒"，当终 端金属价格上涨，矿企利润增加，设备采购的意愿会变强，设备需求随着价格上涨幅度 的增加而增 ...

证券日报网讯耐普矿机10月9日在互动平台回答投资者提问时表示，截至2025年9月30日收盘，公司股东 人数为14264户。 （文章来源：证券日报） ...

Core Viewpoint - The stock of Nep Mining Machine has shown significant price increases recently, with a notable rise in trading volume and fluctuations in capital flow, indicating potential investor interest and market activity [1][2]. Group 1: Stock Performance - As of September 30, Nep Mining Machine's stock price increased by 2.01% to 27.98 CNY per share, with a trading volume of 1.84 billion CNY and a turnover rate of 6.12%, resulting in a total market capitalization of 47.22 billion CNY [1]. - Year-to-date, the stock price has risen by 3.29%, with a 16.44% increase over the last five trading days, a 5.31% increase over the last 20 days, and a 28.70% increase over the last 60 days [2]. Group 2: Trading Activity - The stock has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on September 25, where it recorded a net purchase of 10.77 million CNY, accounting for 24.91% of total trading volume [2]. - The net outflow of main funds was 1.65 million CNY, with large orders buying 31.55 million CNY (17.12%) and selling 34.52 million CNY (18.73%) [1]. Group 3: Company Overview - Nep Mining Machine, established on October 14, 2005, and listed on February 12, 2020, is located in Shangrao Economic and Technological Development Zone, Jiangxi Province. The company specializes in the research, production, sales, and service of heavy mining equipment and wear-resistant parts [2]. - The company's main revenue sources include rubber wear parts (71.25%), metal parts (14.05%), mineral processing equipment (10.44%), pipelines (3.69%), and others (0.57%) [2]. Group 4: Financial Performance - For the first half of 2025, Nep Mining Machine reported a revenue of 413 million CNY, a year-on-year decrease of 34.04%, and a net profit attributable to shareholders of 16.99 million CNY, down 79.86% year-on-year [3]. - The company has distributed a total of 93.53 million CNY in dividends since its A-share listing, with 74.62 million CNY distributed over the past three years [4]. Group 5: Shareholder Information - As of September 19, the number of shareholders for Nep Mining Machine reached 10,200, an increase of 1.04% from the previous period, with an average of 10,741 circulating shares per person, a decrease of 1.03% [3]. - As of June 30, 2025, Huabao Multi-Strategy Growth A (240005) was the fifth-largest circulating shareholder, holding 1.49 million shares, an increase of 470,000 shares from the previous period [4].

耐普矿机工作人员表示，在二期项目车间内，产线核心设备快锻压机重达2000吨，光是主体部分快锻液压机组上横梁就重达37吨。可想而知，让这些大设 备智能起来，并不容易。 走进耐普矿机位于江西上饶市经开区的二期扩建项目生产车间，一条全自动焊接柔性生产线正在有序运转，机械臂化身高效精准的焊接能手，集成多元功 能，从工件抓取起步，经表面激光清洗、感应加热，再到拼搭焊接，直至下料装卸，全程实现自动化生产。"焊接工序集成视觉识别系统与数字孪生技 术，大大提升焊接合格率，产能较传统人工焊接模式大幅提升。"耐普矿机总经理程胜在接受中国证券报记者专访时表示。 公司硫化车间 车间里"智"含量高的背后，正是耐普矿机"十四五"以来高质量发展的一个生动缩影。近日，中国上市公司协会联合中国证券报等媒体，开展"我在'十四 五'这五年 上市公司在行动"主题宣传活动。"'十四五'以来，耐普矿机走过了一段不平凡的发展历程，实现了国际化战略升级与主营业务的跨越式发 展。"程胜说。 自主创新动能足 耐普矿机是一家集研发、生产、销售和服务于一体的重型矿山选矿装备及其新材料耐磨备件的专业制造企业。选矿设备都是"大块头"，而其生产设备同样 也是"大家伙"。 ...

自主创新动能足 耐普矿机是一家集研发、生产、销售和服务于一体的重型矿山选矿装备及其新材料耐磨备件的专业制造 企业。选矿设备都是"大块头"，而其生产设备同样也是"大家伙"。 耐普矿机工作人员表示，在二期项目车间内，产线核心设备快锻压机重达2000吨，光是主体部分快锻液 压机组上横梁就重达37吨。可想而知，让这些大设备智能起来，并不容易。 "车间里全自动焊接柔性生产线相当于一个焊接智能工作站，它通过视觉识别定位，结合激光传感纠偏 系统，焊接更精准，焊缝质量高，缺陷率低。"程胜表示，在定制非标产品领域，智能机器人应用并不 广泛，但耐普矿机是先行者，率先尝试攻克难题，满足个性化需求。 这与耐普矿机对研发创新与自主核心技术的高度重视是分不开的。 走进耐普矿机（300818）位于江西上饶市经开区的二期扩建项目生产车间，一条全自动焊接柔性生产线 正在有序运转，机械臂化身高效精准的焊接能手，集成多元功能，从工件抓取起步，经表面激光清洗、 感应加热，再到拼搭焊接，直至下料装卸，全程实现自动化生产。"焊接工序集成视觉识别系统与数字 孪生技术，大大提升焊接合格率，产能较传统人工焊接模式大幅提升。"耐普矿机总经理程胜在接受中 国证券 ...

Core Insights - The article highlights the significant advancements and strategic developments of the company, particularly in automation and international expansion during the "14th Five-Year Plan" period [1][2][3]. Group 1: Automation and Innovation - The company has implemented a fully automated welding flexible production line, enhancing welding accuracy and reducing defect rates through advanced technologies like visual recognition and laser sensing [2]. - Research and development investments have increased significantly, with expenditures of 25.17 million, 28.19 million, 34.87 million, and 38.99 million yuan from 2021 to 2024, respectively, indicating a strong focus on innovation [2]. - The company has successfully developed and promoted innovative products such as the second-generation composite liner, which has shown a lifespan improvement of nearly 100% compared to traditional metal liners [3]. Group 2: International Market Expansion - The company has maintained an overseas revenue share of over 50% since the "14th Five-Year Plan," with the overseas revenue share reaching 54.88% in the first half of the year [3][4]. - New production facilities are being established in various countries, including Zambia, Chile, Serbia, and Peru, marking a significant milestone in the company's international strategy [3][4]. - The company aims to increase its overseas revenue share to over 80% in the future, positioning itself as a leader in the global mineral processing equipment sector [4][5]. Group 3: Strategic Planning for Future Growth - The company has outlined three key strategies for the upcoming "15th Five-Year Plan": strategic investment in mineral resources, global capacity layout and market expansion, and technological innovation and product upgrading [5][6]. - The focus on strategic investments in copper and gold mines is expected to create new profit growth points and enhance collaboration with mining clients [5]. - The company aims to become a provider of advanced mining technology solutions, leveraging the strong demand for key minerals in the context of global energy transition [6].

Group 1 - The core point of the news is that Nepco Mining Machinery's stock price has dropped by 5.05% to 27.81 CNY per share, with a trading volume of 498 million CNY and a turnover rate of 15.60%, resulting in a total market capitalization of 4.694 billion CNY [1] - Nepco Mining Machinery, established on October 14, 2005, and listed on February 12, 2020, is primarily engaged in the research, production, sales, and service of heavy mining equipment and wear-resistant parts [1] - The company's main business revenue composition includes: 71.25% from rubber wear parts, 14.05% from metal parts, 10.44% from mineral processing equipment, 3.69% from mining pipelines, and 0.57% from other sources [1] Group 2 - According to data, Changjiang Asset Management has a fund that heavily invests in Nepco Mining Machinery, specifically the Changjiang Intelligent Manufacturing Mixed Fund A (014339), which held 779,800 shares, accounting for 3.05% of the fund's net value, ranking as the ninth largest holding [2] - The fund has experienced a floating loss of approximately 1.154 million CNY today [2] - The Changjiang Intelligent Manufacturing Mixed Fund A was established on December 29, 2021, with a current scale of 357 million CNY, and has achieved a year-to-date return of 24.1%, ranking 4034 out of 8171 in its category [2]

Core Viewpoint - The article discusses the current state of the Chinese stock market, highlighting the rise of high-tech stocks and the ongoing debate about investment strategies, particularly the shift away from traditional sectors like liquor towards technology and innovation [2][3]. Market Performance - Several companies, including Inspur Information, Cambridge Technology, and CATL, reached historical highs [1]. - The A-share market experienced fluctuations, with the Shanghai Composite Index down 0.01%, while the Shenzhen Component and ChiNext Index rose by 0.67% and 1.58%, respectively [10]. - The total trading volume across the three markets was 23,920.16 billion yuan, an increase of 445.38 billion yuan from the previous day [10]. Sector Analysis - The technology sector, particularly AI hardware and domestic chips, is gaining traction, driven by Alibaba's significant investment in AI infrastructure [11]. - The copper supply is tightening due to the suspension of operations at the Grasberg mine, leading to a bullish outlook for copper prices, with Morgan Stanley predicting prices to rise to $11,000 per ton in Q4 [10]. - The bond market is shifting away from a long-term bull market, with the 10-year government bond yield reaching 1.92%, indicating a potential end to the low-interest-rate era [5][9]. Investment Trends - Liu Jipeng emphasized the need for investors to focus on high-tech sectors rather than traditional sectors like liquor, acknowledging the higher risks associated with technology investments [2]. - The article notes a "hit-and-run" market behavior, where hot stocks quickly rotate, and many companies are experiencing declines despite index gains [3]. Fund Flow Dynamics - The net outflow of main funds was 14.99 billion yuan, with the electronics sector seeing the largest outflow [20]. - The top sectors for net inflow included computer, power equipment, and non-ferrous metals [20]. Notable Company Developments - The domestic tungsten market is facing a supply crunch, with APT social inventory dropping below 200 tons [16]. - Micron Technology's CEO indicated an increasing imbalance in global memory chip supply, particularly for HBM, which is expected to drive growth in the storage sector [17].