Investment Rating - The report assigns a rating of "Accumulate" to the company with a target price of 50.00 CNY [5]. Core Insights - The company has released its earnings forecast for 2025, indicating stable operations in its main business, with profit enhancement from equity increases and investments in high-potential semiconductor and hard technology sectors, actively building a second growth curve [2]. - The company expects a decline in net profit attributable to shareholders for 2025, projected between 0.27 to 0.38 billion CNY, representing a year-on-year decrease of 63.6% to 48.8% [11]. - The company has achieved breakthroughs in magnetic levitation centrifugal compressors, with prior R&D investments expected to yield returns as downstream data centers ramp up, indicating considerable growth potential [11]. Financial Summary - Total revenue is projected to be 565 million CNY in 2025, a decrease of 5.3% from 2024, with a recovery expected in subsequent years [4]. - Net profit attributable to shareholders is forecasted at 33 million CNY for 2025, down 56.1% from 2024, with a recovery to 73 million CNY in 2026 and 100 million CNY in 2027 [4]. - Earnings per share (EPS) is expected to be 0.56 CNY in 2025, with projections of 1.25 CNY in 2026 and 1.70 CNY in 2027 [4]. Market Data - The company's stock has a 52-week price range of 33.48 to 52.68 CNY, with a total market capitalization of 2,450 million CNY [6]. - The company has a net asset value per share of 17.32 CNY and a price-to-book ratio of 2.4 [7]. Valuation and Comparables - The report suggests a valuation of 40x PE for 2026 based on comparable companies, with an average PE of 33.8 for similar firms [13]. - The company is positioned to benefit from the long-term potential of data center liquid cooling solutions, which could significantly enhance its market presence [11].

证券代码：301272 证券简称：英华特 公告编号：2026-002 苏州英华特涡旋技术股份有限公司 2025 年度业绩预告 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。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于同向下降 50%以上情形 （1）以区间数进行业绩预告的 单位：万元 | 项 目 | 本报告期 | | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东的 | | 2,700 | ～ | 3,800 | 7,416.54 | | 净利润 | 比上年同期下降 | 48.76% | ～ | 63.59% | | | 扣除非经常性损益后的 | | 1,900 | ～ | 2,700 | 6,121.01 | | 净利润 | 比上年同期下降 | 55.89% | ～ | 68.96% | | 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经会计师事务 ...

证券日报网讯1月28日，英华特（301272）在互动平台回答投资者提问时表示，截至2026年1月20日，股 东人数为6784户。 ...

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on mining equipment, AI devices, and consumables [1]. Core Insights - The mechanical industry is expected to enter a new recovery cycle driven by monetary and fiscal policies, with significant capital expenditure anticipated in mining due to rising prices of non-ferrous metals [6][8]. - The AI sector is experiencing rapid growth, leading to increased demand for high-performance servers, GPUs, and advanced PCBs, which are critical for AI applications [6][20]. - The report highlights key companies in various segments, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][8]. Summary by Sections Industry Overview - The mechanical industry comprises 636 listed companies with a total market capitalization of approximately 70,956.73 billion yuan and a circulating market value of about 58,998.75 billion yuan [3]. Company Profit Forecasts and Valuations - Several companies are highlighted with strong profit forecasts and investment ratings, including: - Huichuan Technology (300124.SZ): EPS forecasted at 2.11 yuan for 2025, with a strong buy rating [2]. - Falan Technology (603966.SH): EPS forecasted at 0.60 yuan for 2025, with a strong buy rating [2]. - Xinjie Electric (603416.SH): EPS forecasted at 1.83 yuan for 2025, with a strong buy rating [2]. - Other notable mentions include companies like Anhui Heli (600761.SH) and Sany Heavy Industry (600031.SH), both receiving strong buy ratings [2]. Market Performance - The mechanical sector has shown a positive performance with a 1.4% increase in the index, while the overall market performance varied across different indices [10][13]. - The 3C equipment segment experienced the highest growth at 14.4%, indicating strong demand in this area [11]. Investment Recommendations - The report suggests focusing on companies that are well-positioned to benefit from the AI wave, such as: - Dingtai High-Tech and Zhongtung High-Tech in the consumables sector [20][21]. - Dazhu CNC and Xinqi Micro-Assembly in the equipment sector [20]. - The report emphasizes the importance of high-end equipment and consumables in the PCB market, projecting significant growth in this area [20][21]. Key Data Tracking - The report includes macroeconomic indicators and industry-specific data, such as the manufacturing PMI and fixed asset investment growth rates, which are crucial for understanding the industry's health [32][36].

Group 1 - The core viewpoint of the article highlights the application scenarios of the magnetic levitation centrifugal compressor developed by the company, emphasizing its advantages such as oil-free operation, energy efficiency, and low maintenance [2] - The magnetic levitation centrifugal compressor is widely used in data centers, commercial buildings, industrial refrigeration, and energy power sectors, with the specific application depending on the end customer's requirements [2]

协立创业累计减持58.15万股，累计套现约2580.99万元 数据显示，协立创业从2025年10月21日起，第一次减持英华特，迄今为止，累计减持公司股票58.15万 股，累计套现约2580.99万元。 减持期间减持均价（元/股）减持股数（万股）套现金额（万元）减持后持股比例20251031- 2025112443.6545.381980.717.67%20251021-2025103047.0112.77600.288.45%合计-58.152580.99- 来源：新浪财经-鹰眼工作室 1月12日消息，英华特股东协立创业于2025年10月31日至2025年11月24日，通过竞价交易方式减持45.38 万股，占总股本的0.78%，占协立创业持股总数的9.18%。套现金额约合1980.71万元。股份来源为首次 公开发行前已发行股份。截止目前，协立创业持股数量448.77万股，占总股本比例为7.67%。 变动日期竞价交易 变动数量(万股)竞价交易 交易均价(元/股)大宗交易 变动数量(万股)大宗交易 交易均价(元/股)其他方式 变动数量(万股)其他方式 交易均价(元/股)减持前持股数 (万股)减持后持股数 (万股) ...

英华特公告，协立创投减持计划到期，2025年10月21日至2025年11月24日集中竞价减持58.15万股，减 持均价44.28元/股，占公司总股本0.99%、占剔除回购户后总股本1.00%。本次减持后协立创投持股 448.77万股，占公司总股本7.67%、占剔除回购户后总股本7.71%。截至公告披露日，公司总股本 5850.23万股。 ...

证券代码：301272 证券简称：英华特 公告编号：2026-001 苏州英华特涡旋技术股份有限公司 关于公司股东减持股份计划期限届满暨实施情况的公告 公司持股 5%以上股东苏州协立创业投资有限公司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。 注：（1）本公告中合计数与各明细数相加之和在尾数上如有差异，为四舍五入原因所致。 （2）截至本公告披露日，公司总股本为 58,502,300 股。公司回购专用证券账户中持有公司 股份 332,984 股，即剔除本公司回购专用证券账户中的股份数量后的总股本为 58,169,316 股。 二、其他说明 1、本次减持计划实施期间，协立创投严格遵守《上市公司股东减持股份管理暂 行办法》《深圳证券交易所上市公司自律监管指引第 18 号——股东及董事、高级管 理人员减持股份》等相关法律、法规及规范性文件的规定；并已按照相关规定进行 了预披露，实际减持情况与此前已披露的意向、减持计划一致，不存在违规情况， 亦不存在违反相关承诺的情形。 苏州英华特涡旋技术股份有限公司（以下简称"公 ...

证券日报网讯1月6日，英华特（301272）在互动平台回答投资者提问时表示，公司海外销售区域包括欧 洲、南美、北美、东南亚等地区。 ...

Group 1 - The core viewpoint of the article is that Yinghuate (301272.SZ) has developed a new product, the magnetic levitation centrifugal compressor, which is now ready for mass production [1] - The company is actively preparing for market promotion of the new product [1] - However, the related products have not yet generated any business revenue [1]