Group 1 - Zhejiang Lino Fluid Control Technology Co., Ltd. experienced a stock decline of 5.03% on August 27, with a share price of 14.92 yuan and a total market capitalization of 2.059 billion yuan [1] - The company, established on January 9, 2003, and listed on June 8, 2020, specializes in the research, production, and sales of industrial control valves [1] - The revenue composition of the company's main business includes: switch valves 61.08%, regulating valves 27.45%, process valves 9.98%, accessories 0.83%, and others 0.66% [1] Group 2 - Among the top ten circulating shareholders of Zhejiang Lino, Dazhong Fund's Dazhong Jingheng Mixed A (090019) holds 832,200 shares, unchanged from the previous period, representing 0.82% of circulating shares [2] - The Dazhong Jingheng Mixed A fund has a current scale of 397 million yuan and has achieved a return of 38% this year, ranking 1182 out of 8194 in its category [2] - Over the past year, the fund has returned 100.94%, ranking 275 out of 7963, and since its inception, it has achieved a return of 363.38% [2] Group 3 - The fund manager of Dazhong Jingheng Mixed A is Su Bingyi, who has a cumulative tenure of 13 years and 204 days, managing assets totaling 1.24 billion yuan [3] - During his tenure, the best fund return was 241.47%, while the worst return was -71.74% [3]

内容概要：开关阀是一种通过启闭件控制流体通断的工业设备，属于阀门式样的开关。阀门行业是我国 机械制造业中的一个重要领域，而机械制造业是实体经济的重要组成部分。近年来，国家及相关部门不 断出台一系列政策，推动我国阀门行业发展。开关阀广泛应用于石油、化工、电力、冶金、环保、水处 理等传统行业，随着工业自动化的推进，电动、气动等自动化开关阀的市场需求正逐步扩大，同时在新 能源、生物医药、环保、电子半导体等新兴领域的应用也在不断拓展。2024年，我国开关阀市场规模从 2016年的116.2亿元增长至212.3亿元，预计2025年我国开关阀市场规模有望达到262.7亿元，预计2031年 有望突破400亿元。 开关阀的分类方式多样，按驱动方式也是最常见的分类方式可以分为手动开关阀、气动开关阀、电动开 关阀、液动开关阀。 上市企业：纽威股份(603699)、中核苏阀(000777)、上海冠龙阀门（301151）、江苏神通(002438)、永盛 科技(874497)、方正阀门(920082)、浙江力诺(300838) 相关企业：烟台金泰美林科技股份有限公司、浙江中德自控科技股份有限公司、上海永项阀门制造有限 公司、大连大高阀 ...

Core Insights - The article highlights the transformation of the manufacturing industry driven by Industry 4.0, emphasizing the integration of new information technologies with manufacturing processes [1] - Zhejiang Lino has made significant contributions to domestic substitution in the valve industry while achieving remarkable growth [1] Company Overview - Zhejiang Lino has been focused on the research, production, sales, and after-sales service of industrial control valves since its establishment in 2004, providing customized solutions for process control systems [4] - Initially, 90% of the company's orders came from the paper industry, but it shifted its strategy in 2008 to penetrate other sectors such as petrochemicals and mining [4] - The company went public on the New Third Board in 2014 and successfully listed on the Growth Enterprise Market in June 2020, with revenue surpassing 500 million yuan in 2018 [4][5] Technological Innovation - Zhejiang Lino has established itself as a "hidden champion" in the industrial automation wave, achieving significant upgrades from technology introduction to independent innovation [5] - The company has a strong focus on R&D, with 107 authorized patents as of the end of 2024, and collaborates with research institutions and universities to enhance its R&D capabilities [11][10] Domestic Substitution Efforts - Control valves are critical in process industries, yet the domestic substitution rate for core components like positioners is below 10% [12] - In 2023, Zhejiang Lino established a subsidiary in Mianyang to tackle key technologies in collaboration with Xi'an Jiaotong University [12] - The company achieved a breakthrough in March 2025 with the mass production of self-developed intelligent positioners, becoming one of the few companies in China to achieve full-chain autonomy in control valves [13] Smart Manufacturing - The company has invested in an 82-acre smart manufacturing base, enhancing production capacity and integrating digital technologies for real-time data feedback [15] - The use of AI digital twin platforms allows customers to monitor workshop dynamics remotely, promoting transparency and trust in the industrial ecosystem [16] Strategic Acquisitions - Zhejiang Lino announced the acquisition of Xuzhou Chemical Machinery Co., which will enhance its full industry chain layout and expand its market share in various sectors [17][18] - The acquisition will enable the company to integrate its product offerings, including control valves and intelligent positioners, across different industrial applications [18] Future Vision - The company emphasizes employee well-being by creating facilities such as reading areas and sports amenities, aiming to foster a positive work environment [19][20] - Chairman Chen Xiaoyu likens the company's long-term strategy to the aging process of white tea, suggesting that patience and focus on core competencies will yield enduring success [22][24]

Core Points - Zhejiang Lino Fluid Control Technology Co., Ltd. has completed the registration of changes related to the amendment of its Articles of Association and the changes in its board of directors, supervisors, and audit committee members [1][2]. Group 1 - The company held its fifth board meeting and the fifth supervisory board meeting on June 24, 2025, and the first extraordinary shareholders' meeting on July 16, 2025, to approve the amendment of the Articles of Association [1]. - On July 17, 2025, the company convened the sixth representatives' congress and the tenth board meeting to elect employee representative directors and members of the audit committee [1][2]. - The specific details of these meetings and decisions were disclosed on the company's announcements dated June 26, July 16, and July 17, 2025, on the Giant Tide Information Network [1].

（编辑 任世碧） 证券日报网讯 7月30日晚间，浙江力诺发布公告称，公司于2025年6月24日召开了第五届董事会第九次 会议、第五届监事会第九次会议，于2025年7月16日召开了2025年第一次临时股东会，审议通过了《关 于修订〈公司章程〉的议案》，根据有关法律法规的规定对公司治理结构进行调整以及对《公司章程》 进行修订。公司于2025年7月17日召开了第六届职工代表大会第九次会议、第五届董事会第十次会议， 完成了公司第五届董事会职工代表董事、第五届董事会审计委员会委员的选举。公司已于近日完成了 《公司章程》修订的相关工商变更登记（备案）以及公司董事、监事、审计委员会委员等变动的相关工 商变更登记（备案）。 ...

公司已于近日完成了《公司章程》修订的相关工商变更登记（备案）以及 公司董事、监事、审计委员会委员等变动的相关工商变更登记（备案）。 特此公告。 浙江力诺流体控制科技股份有限公司 浙江力诺流体控制科技股份有限公司 关于完成工商变更登记（备案）的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江力诺流体控制科技股份有限公司（以下简称"公司"）于 2025 年 06 月 24 日召开了第五届董事会第九次会议、第五届监事会第九次会议，于 2025 年 07 月 16 日召开了 2025 年第一次临时股东会，审议通过了《关于修订〈公司章 程〉的议案》，根据有关法律法规的规定对公司治理结构进行调整以及对《公司 章程》进行修订。 公司于 2025 年 07 月 17 日召开了第六届职工代表大会九次会议、第五届董 事会第十次会议，完成了公司第五届董事会职工代表董事、第五届董事会审计 委员会委员的选举。 上述具体内容详见公司于 2025 年 06 月 26 日、2025 年 07 月 16 日和 2025 年 07 月 17 日在巨潮资讯网（http://www.cni ...

Core Viewpoint - As of April 30, 2024, a total of 2,462 A-share listed companies in China have published their sustainable development reports, with a notable focus on tax compliance management practices within these reports [1][3]. Group 1: Implementation of Sustainable Development Reporting - The "Guidelines for Sustainable Development Reporting of Listed Companies" came into effect on May 1, 2024, marking a new phase in the standardized disclosure of sustainable information [3]. - Companies included in major indices must disclose their 2025 sustainable development reports by April 30, 2026, while other companies are encouraged to voluntarily adopt these guidelines [3]. Group 2: Tax Compliance Commitments - Listed companies contributed a total of 4.54 trillion yuan in taxes in 2024, accounting for 25.96% of the national tax revenue, with many companies making commitments to comply with tax laws in their reports [3][5]. - Baoshan Iron & Steel Co., Ltd. outlined seven commitments regarding tax compliance, emphasizing adherence to local tax laws and transparent relationships with government entities [4]. Group 3: Tax Management Practices - Zhejiang Lino Fluid Control Technology Co., Ltd. highlighted its tax management procedures and commitment to tax compliance, reflecting the growing importance of tax issues among stakeholders [6]. - New Wind Technology Co., Ltd. adapted its internal tax management processes to align with business model changes and conducted employee training to enhance tax awareness [7]. Group 4: Digitalization and Risk Management - ZTE Corporation has established a global tax compliance committee to oversee tax governance and ensure compliance, reflecting a trend towards digitalization in tax management [9]. - Tianma Microelectronics Co., Ltd. developed a tax risk control system to monitor and manage tax risks proactively, shifting from reactive to preventive measures [10].

1. 艾罗能源(688717.SH)：公司及多名董监高因个人资金需求，计划在15个交易日后3个月内通过集中竞价或大宗交易方式减持股 份，减持数量不超过公司总股本的0.78%。 2. 奥普光电(002338.SZ)：控股股东长春光机所计划在15个交易日后90日内，以集中竞价方式减持公司股份不超过240万股，占公 司总股本的1%。 3. 铂科新材(300811.SZ)：股东铂科天成及其一致行动人合计减持1.01%股份，减持计划实施完毕，同时股东梅建军合计减持8134 股，占总股本的0.0476%。 4. 博迁新材(605376.SH)：股东新辉投资计划在15个交易日后3个月内通过大宗交易减持公司股份不超过261.6万股，占公司总股本 的1%。 5. 博盈特焊(301468.SZ)：股东前海股权基金和中原前海基金减持计划实施完成，合计减持394.48万股，占公司总股本的2.99%。 6. 测绘股份(300826.SZ)：高级管理人员刘键计划在15个交易日后3个月内通过集中竞价方式减持公司股份不超过5万股，占公司总 股本的0.03%。 13. 红宝丽(002165.SZ)：控股股东宝源投资及实际控制人芮敬功计划在15 ...

Industry Overview - The global ball valve market is projected to reach approximately 206.53 billion yuan by 2024, driven by increased industrialization, demand in the oil and gas sector, and a surge in global infrastructure projects [7] - In China, the ball valve market is expected to reach around 29 billion yuan by 2024, reflecting rapid industrial development and urbanization [7][6] - The number of ball valve patents in China from 2016 to 2024 totals 59,993, with notable peaks in 2018, 2019, and 2021, indicating a strong focus on innovation in the sector [6][7] Ball Valve Characteristics - Ball valves are essential fluid control devices in modern industries, particularly in the chemical sector, due to their versatility and ease of operation [4][6] - They can be categorized based on their structure (e.g., floating, fixed, V-type, three-way) and functionality (e.g., high-pressure, low-temperature, sulfur-resistant) [2] Industry Development Status - The ball valve industry has matured over the past 30 years, with a growing emphasis on precision and complexity in industrial production [6] - The increasing complexity of pipeline systems in urban and industrial settings has heightened the importance of valves in fluid control [7] Competitive Landscape - Key players in the domestic ball valve market include Neway Valve, Zhongke Suvalve, Jiangsu Shentong, and others, with Neway Valve leading in terms of product range and revenue [12][15] - Neway Valve's product line includes various types of ball valves, with a production volume of 204,024 units in 2024 [16] Industry Trends - The ball valve industry is moving towards smart technology, with a focus on high precision and sensitivity in control valves, as well as high-pressure and large-diameter cut-off valves [20] - The demand for innovative and reliable ball valves is expected to grow, driven by the evolving industrial landscape and environmental considerations [20]

Core Viewpoint - The company Zhejiang Linuo (300838) announced that senior management personnel Lu Zhengyuan reduced his shareholding in the company through centralized bidding on July 17, 2025, selling 13,000 shares at an average price of 15.01 yuan per share, which accounts for 0.0094% of the company's total share capital [1] Summary by Relevant Sections - Shareholding Reduction Details - Lu Zhengyuan originally held 52,500 shares, and after the reduction, he holds 39,500 shares, representing 0.0286% of the company's total share capital [1] - The reduction plan is consistent with previous disclosures and does not involve any violations [1] - The implementation of the reduction plan has been completed [1]