回转支承专业制造 证券代码：300850 证券简称：新强联 公告编号：2025-047 债券代码：123161 债券简称：强联转债 洛阳新强联回转支承股份有限公司 关于控股股东、实际控制人减持股份预披露公告 肖争强先生、肖高强先生保证向本公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 特别提示： 持有洛阳新强联回转支承股份有限公司（以下简称"新强联"或"公司"）股份 6 6,399,195 股（占公司总股本比例 17.43%，以截至 2025 年 8 月 21 日的总股本 380,902, 671 股计算，下同）的控股股东、实际控制人肖争强先生计划在自本公告披露之日起 15 个交易日后的三个月内（2025 年 9 月 15 日至 2025 年 12 月 14 日）以集中竞价方式减持 本公司股份不超过 2,338,493 股（占公司总股本比例 0.61%）、以大宗交易方式减持公 司股份不超过 4,676,987 股（占公司总股本比例 1.23%）；持有公司股份 63,795,305 股（占公司总股本比例 16.75 ...

Group 1: Capacity and Profitability - The company's current capacity utilization rate remains high, with strong customer demand and sufficient orders on hand for 2025 [2] - Future gross margin will be influenced by product structure, raw material prices, scale effects, and market competition, but is expected to remain stable due to the increasing proportion of high-value-added products and ongoing cost control [2][3] Group 2: Technological Strength and R&D - The company possesses strong technological capabilities with independent R&D and industrialization abilities, having achieved international advanced levels in key products such as wind power main shaft bearings and shield machine main shaft bearings [3] - The company emphasizes R&D as a key driver for growth, focusing on cutting-edge technology and core product iterations, while establishing a dynamic R&D investment mechanism to maintain its technological leadership [3] Group 3: Product Development and Market Strategy - Progress in the single-row tapered roller bearings (TRB) sector is positive, with mass production and supply already achieved, and the company aims to enhance product reliability and market competitiveness [3] - The company plans to continue optimizing TRB product performance and increase market promotion efforts to meet market demand [3]

Core Viewpoint - New Qianglian's stock price has seen significant fluctuations, with a year-to-date increase of 95.03%, but a recent decline of 5.62% over the past five trading days [2] Group 1: Stock Performance - As of August 22, New Qianglian's stock price was 37.09 CNY per share, with a market capitalization of 14.128 billion CNY [1] - The company experienced a net outflow of 8.3795 million CNY in principal funds, with large orders showing a buy of 19.1886 million CNY and a sell of 22.6016 million CNY [1] - Over the past 20 days, the stock has increased by 9.31%, and over the past 60 days, it has risen by 19.65% [2] Group 2: Company Overview - New Qianglian, established on August 3, 2005, specializes in the research, production, and sales of large slewing bearings and industrial forgings [2] - The company's revenue composition includes wind power products (75.84%), locking discs (7.26%), and other categories [2] - The company is classified under the wind power equipment sector and is involved in various related concepts such as shield machines and offshore wind power [2] Group 3: Financial Performance - For the first half of 2025, New Qianglian reported a revenue of 2.21 billion CNY, marking a year-on-year growth of 108.98%, and a net profit of 400 million CNY, up 496.60% [2] - Since its A-share listing, the company has distributed a total of 199 million CNY in dividends, with 104 million CNY in the last three years [3] Group 4: Shareholder Information - As of June 30, 2025, New Qianglian had 30,900 shareholders, an increase of 20.33%, with an average of 8,660 circulating shares per shareholder, a decrease of 9.40% [2] - Notable changes in institutional holdings include a reduction in shares held by major shareholders such as Nuoan Pioneer Mixed A and Hong Kong Central Clearing [3]

半年报密集披露，机构最新持仓动向曝光!二季度社保基金新进股共有34只。 目前共有1263家公司已经公布半年报，前十大流通股东数据透露出机构行踪。证券时报·数据宝统计显 示，社保基金共现身164只股，调仓动向方面，二季度社保基金新进34股、增持44股、减持52股，社保 基金持股量保持不变的有34股。 社保基金新开仓股票中，从前十大流通股东名单中社保基金家数来看，社保基金家数最多的是苏试试 验，共有3家社保基金出现在前十大流通股东名单中，即全国社保基金六零二组合、全国社保基金六零 一组合、全国社保基金五零二组合，分别位列公司第5大、第7大、第10大流通股东，持股量合计为 1486.20万股，占流通股比例为2.94%。 从持股比例看，新进股中社保基金持有比例最多的是中触媒，持股量占流通股比例为3.45%，其次是北 鼎股份，社保基金持股比例为3.16%，持股比例居前的还有苏试试验、史丹利、新强联等。 从持股量统计，社保基金新进的个股中，持股量最多的是华菱钢铁，共持有4807.94万股，史丹利、卫 星化学等紧随其后，持股量分别为2199.99万股、2016.93万股。 业绩方面，社保基金新进股中，半年报净利润同比增长的 ...

Investment Rating - The investment rating for the company is "Buy" (maintained), indicating an expected increase of over 15% relative to the CSI 300 index in the next six months [31]. Core Views - The company reported a significant increase in revenue and profitability, with total revenue reaching 2.21 billion yuan, a year-on-year growth of 108.98%, and a net profit of 400 million yuan, marking a turnaround from losses [6][7]. - The gross margin improved to 28.48%, up 13.44 percentage points year-on-year, driven by increased demand in the wind power sector and an optimized product mix [7][12]. - The company is positioned as a leader in the domestic wind power bearing market, benefiting from the ongoing trend of localization in the industry [8][12]. Financial Performance Summary - For the first half of 2025, the company achieved a net profit of 400 million yuan, a significant recovery from previous losses, with a non-recurring net profit of 335 million yuan, reflecting a year-on-year increase of 2200.56% [6][7]. - The operating cash flow for the period was 96.81 million yuan, a decrease of 66.65% year-on-year [6]. - The company’s weighted average return on equity (ROE) was 7.40% [6]. Business Segment Performance - Revenue from the slewing bearing segment was 1.749 billion yuan, representing a year-on-year increase of 116.43%, accounting for 79.14% of total revenue [10]. - The locking disc segment generated 160 million yuan in revenue, up 26.05% year-on-year [10]. - The forging segment saw revenue of 134 million yuan, a remarkable growth of 204.83% [10]. Market Outlook and Projections - The wind power industry is experiencing a significant upturn, with new installations in China reaching 51.39 GW in the first half of 2025, a year-on-year increase of 98.88% [12]. - The company’s revenue projections for 2025 to 2027 are adjusted to 4.22 billion yuan, 5.15 billion yuan, and 6.06 billion yuan, respectively, with net profit forecasts of 610 million yuan, 747 million yuan, and 869 million yuan [13][14].

Group 1 - In the second quarter, 23 stocks saw institutional holdings double, with a total market value exceeding 50 million yuan at the end of the period [1] - The top five stocks by end-of-period market value are Huadong Medicine, Enhua Pharmaceutical, Kunming Pharmaceutical, Jinlang Technology, and Xinqianglian, each exceeding 300 million yuan [1] - Zhejiang Huaye leads in holding proportion with 6.19%, while Pona shares and Limin shares also saw significant increases in institutional holdings [1] Group 2 - Huadong Medicine has a comprehensive business covering the entire pharmaceutical industry chain, including pharmaceutical manufacturing, distribution, and medical aesthetics [2] - Jinlang Technology focuses on the renewable energy sector, particularly in photovoltaic power generation, with core businesses in photovoltaic inverters and distributed photovoltaic power generation [2] - Other companies like Alloy Investment and Tongda Power have market values below 4 billion yuan, with Tongda Power engaged in the development and production of electric motors and generators [2] Group 3 - The average increase in stock prices for the 23 stocks since July has exceeded 14%, outperforming the broader market [3] - Pona shares recorded the highest increase at nearly 45%, while Zhejiang Huaye, Dongmu shares, and Cambridge Technology also saw increases exceeding 30% [3] - Several stocks have reached historical highs recently, including Dongmu shares on August 7 [3]

Group 1 - The core viewpoint of the article highlights the recent activities of social security funds in the A-share market, particularly their new investments, increased holdings, and reductions in certain stocks during the second quarter of 2025 [1][5][10] - Social security funds have entered 31 new stocks, increased holdings in 37 stocks, and reduced holdings in 36 stocks, maintaining their stake in 30 stocks, with a total holding of 2.22 billion shares valued at 38.58 billion yuan [1][5] - The largest holdings of social security funds are concentrated in the chemical, pharmaceutical, and electronics sectors, with significant investments in companies like Chunfeng Power, which saw a stock price increase of 83.53% year-to-date [3][5][7] Group 2 - The performance of Chunfeng Power in the first half of 2025 showed a revenue of 9.855 billion yuan, a year-on-year increase of 30.90%, and a net profit of 1.002 billion yuan, up 41.35% year-on-year [4][6] - Social security funds have shown a preference for the chemical industry, which has seen an 11.51% increase since July, indicating a potential recovery in the sector [7][10] - The annualized return of social security funds has exceeded 7%, with a historical average return of 7.36% over 24 years, outperforming many professional investment institutions [8][12] Group 3 - The investment strategy of social security funds is characterized by a dual approach, focusing on industries with low valuations and those in high growth cycles supported by national policies [10][11] - In the second quarter, social security funds reduced their holdings in 36 stocks, with significant reductions in companies like Shenhuo Co., indicating a strategy of profit-taking [11][12] - The total scale of the national social security fund is expected to reach approximately 3 trillion yuan by the end of 2024, reflecting its long-term investment strategy in the A-share market [12][14]

Core Viewpoint - The article highlights the significant advancements and challenges faced by the Luoyang bearing industry, emphasizing its role in high-end manufacturing and the need for innovation and collaboration to compete globally [3][4][14]. Group 1: Industry Overview - The Luoyang bearing industry is recognized as a crucial part of China's industrial landscape, with a history dating back to 1954 when the Luoyang Bearing Factory was established [4]. - By the end of 2024, the total output value of the bearing industry in Luoyang is expected to reach 28 billion yuan, indicating steady growth [4]. - Luoyang has become one of China's five major bearing production bases, with over 300 related enterprises, including more than 70 large-scale companies [4][5]. Group 2: Innovation and Research - The industry benefits from a robust research and development ecosystem, including the only national-level research institute for bearings and a specialized university [5][19]. - Luoyang's bearing companies have made significant breakthroughs in high-end applications, such as the 16 MW wind power main shaft bearing developed by Luoyang Bearing Group, which has broken foreign monopolies [7][10]. - The collaboration between industry and academia is emphasized, with the establishment of a comprehensive talent training system that has produced over 5,000 high-level professionals for the bearing industry [19][20]. Group 3: Market Challenges - The industry faces structural imbalances, with a surplus in low-end products and a shortage in high-end offerings, leading to intense competition and declining profit margins [9][14]. - Local companies have a low local supply rate of less than 40%, with a high dependency on external suppliers for critical components [8][9]. - The international market is dominated by foreign giants, with domestic companies holding less than 30% of the high-end market share, particularly in aerospace and precision machinery sectors [9][14]. Group 4: Future Directions - The Luoyang government has proposed an action plan to strengthen the high-end bearing industry chain, aiming to establish a leading research and production base [14][15]. - Recommendations include focusing on key areas such as aerospace engine bearings, high-end CNC machine tool bearings, and bearings for new energy vehicles [14]. - The importance of enhancing collaboration between enterprises and educational institutions is highlighted to foster innovation and address technological challenges [15][17].

Core Viewpoint - The company emphasizes the importance of balanced business development and long-term competitiveness, particularly focusing on wind power products as a core business segment [1] Group 1: Business Strategy - The company plans to continue deepening its engagement in the wind power sector to consolidate its core advantages [1] - The company will actively assess industry development trends and extend its operations along the industrial chain to enhance risk resistance and overall competitiveness [1] Group 2: Expansion Plans - Any future external expansion initiatives will be carefully evaluated based on strategic planning, market opportunities, and the quality of potential targets [1] - The company commits to timely information disclosure if it proceeds with any related initiatives that meet disclosure standards [1]

Summary of Key Points Core Viewpoint - As of August 19, 2025, 663 companies have released their semi-annual reports, with 432 reporting a year-on-year increase in net profit, while 231 reported a decline. Additionally, 440 companies saw an increase in operating revenue, and 223 experienced a decrease. A total of 355 companies reported simultaneous growth in both net profit and operating revenue, while 146 companies saw declines in both metrics. Notably, 111 companies achieved a net profit growth rate exceeding 100%, with Zhimingda leading at an impressive 2147.93% increase [1]. Company Performance - Zhimingda (688636) reported earnings per share of 0.2284, with a net profit of 38.30 million and a year-on-year increase of 2147.93%. Its operating revenue reached 294.76 million, reflecting an 84.83% increase [1]. - Rongzhirixin (688768) achieved a net profit of 14.24 million, marking a 2063.42% increase, with operating revenue of 25.63 million, up 16.55% [1]. - Shijia Guangzi (688313) reported a net profit of 216.65 million, a 1712.00% increase, and operating revenue of 992.63 million, up 121.12% [1]. - Aorui De (600666) had a net profit of 6.14 million, a 1263.22% increase, with operating revenue of 21.94 million, up 10.12% [1]. - Huile B (900939) reported a net profit of 4.21 million, a 1222.72% increase, with operating revenue of 0.76 million, slightly down by 0.11% [1]. Revenue and Profit Trends - The overall trend indicates a significant number of companies are experiencing substantial growth in both net profit and operating revenue, with a notable concentration of high growth rates among specific firms [1][2]. - Companies like Nanjiguang (300940) and Hongjing Technology (301396) also reported impressive growth rates in net profit of 982.43% and 725.73%, respectively, indicating a robust performance across various sectors [1][2].