Company Overview - Founded in 2007, Guangdong Boying Special Welding Technology Co., Ltd. started with marine drilling platform welding for U.S. clients and has since focused on anti-corrosion and anti-wear welding [1] - Successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market in July 2023 [1] - Recognized as a global leader in anti-corrosion and anti-wear welding manufacturing, with a core manufacturing base for boiler pipes in China [1] Technology and Innovation - The company has developed patented digital pulse MIG welding technology, certified in multiple countries including China, Canada, Japan, and Europe, showcasing strong innovation capabilities [2] - Plans to continue focusing on core welding technologies, increasing R&D investment, and expanding product applications [2] Market Demand - Domestic demand for waste incineration power generation remains stable compared to last year, while international demand, particularly in developed regions like Europe and densely populated countries like India, is increasing [3] Production and Procurement - The company employs a "sales-driven production" model, customizing production schedules based on client requirements and project specifications [4] - Utilizes a "production-driven procurement" model, aligning procurement plans with customer contracts and production schedules [5] Competitive Advantages - **R&D Advantage**: Strong focus on welding technology, addressing key technical challenges in large-area welding [6][7] - **First-Mover Advantage**: Early application of industrial anti-corrosion and anti-wear welding equipment in the waste incineration power generation sector [7] - **Scale Production Advantage**: Improved production efficiency and reduced costs through process optimization [7] - **Brand and Customer Advantage**: Established a strong brand image and accumulated a rich client base, enhancing competitive edge [7] - **Lean Management Advantage**: Implemented project-based management to enhance efficiency and customer satisfaction [7][9] - **Talent Advantage**: Focus on human resources, building a skilled team with industry experience [8][9] Impact of Trade Policies - The impact of U.S.-China trade tariffs on the company's U.S. business is minimal, as revenue from the U.S. market is relatively small and tariffs are generally borne by clients [10] Overseas Market Strategy - Established a wholly-owned subsidiary in Hong Kong and is investing in a production base in Vietnam to expand international market presence [11] - Plans to form a joint venture with Wilham Company to explore oil and gas markets and establish overseas manufacturing bases [11] - Committed to a strategy of expanding product types, application areas, and international markets to enhance competitiveness [11]

Company Overview - Company conducted an institutional research meeting on August 5, 2025, attended by representatives from Qingdao Changming Fund, Baoying Fund, and Western Securities [1] - The company specializes in anti-corrosion and wear-resistant cladding equipment, non-cladding boiler components, pressure vessels, and high-end steel structures [8] Business Operations - The company acquires overseas clients primarily through business negotiations, leveraging its strong technical foundation, excellent manufacturing processes, and product quality to establish a reputable brand image [2] - The management adopts a project-based approach, assigning project managers to oversee execution, ensuring quality control, and providing technical support post-project completion to enhance customer satisfaction [3] Market Opportunities - The company is collaborating with Wilham to establish a joint venture to explore the oil and gas market, particularly in the Middle East, due to increasing demand for bimetallic metallurgical composite pipes in corrosive environments [6] - The market for metallurgical composite pipes is expected to grow significantly as the technology matures and costs decrease, making large-scale applications feasible [6] Industry Competition - The anti-corrosion and wear-resistant industry is experiencing increased competition as more companies enter the market, driven by high profit margins [8] - To address intensified competition, the company plans to enhance R&D investment and innovation, improve product diversity, and optimize management practices to maintain its competitive edge [8] Financial Performance - In Q1 2025, the company reported a main revenue of 106 million, a year-on-year decrease of 14.28%, and a net profit of 13.96 million, down 50.86% year-on-year [8] - The company's debt ratio stands at 6.99%, with investment income of 2.34 million and a gross margin of 25.23% [8] Stock Market Activity - Recent financing data indicates a net inflow of 45.30 million in the past three months, with an increase in financing balance, while there was no net inflow in securities lending [9]

人民财讯8月5日电，博盈特焊（301468）今日接受机构调研时表示，可控核聚变的设备中涉及多种用金 属复合技术制造的特种合金、高温合金等控温冷却换热装置，堆焊或增材制造是金属复合加工工艺的重 要手段，因此，堆焊或增材制造等工艺技术可以应用于可控核聚变领域。截至目前，公司没有可控核聚 变相关业务。 ...

（文章来源：每日经济新闻） 博盈特焊（SZ 301468，收盘价：27.54元）发布公告称，2025年8月5日下午15:30-17:00，博盈特焊接受 青岛长铭基金等投资者调研，公司董事、副总经理、董事会秘书刘一宁和投资者关系管理专员谭静怡参 与接待，并回答了投资者提出的问题。 2024年1至12月份，博盈特焊的营业收入构成为：垃圾焚烧发电占比68.46%，其他占比31.54%。 ...

Group 1: Company Overview and Management - The company is one of the earliest in China to engage in industrial equipment anti-corrosion and wear-resistant overlay welding, leveraging strong technical expertise and product quality to build a reputable brand image [1] - The management adopts a project-based approach, with a project manager responsible for overseeing execution, ensuring quality control, and providing technical support post-project completion [2] Group 2: Market Opportunities and Collaborations - The company plans to establish a joint venture with Wilham, focusing on expanding into the oil and gas market, particularly in the Middle East, to set up overseas manufacturing bases [4] - There is a growing demand for bimetallic metallurgical composite pipes in the oil and gas industry due to increased corrosion risks in acidic gas fields, indicating a significant market opportunity [4][5] Group 3: Industry Competition and Strategy - The industrial anti-corrosion and wear-resistant overlay welding market is expanding, driven by the rapid growth of waste incineration power generation in China, attracting more competitors [6] - To address increasing competition, the company will enhance R&D investment and innovation, focusing on new materials, processes, and equipment to improve product diversity and operational efficiency [6]

风险提示：股市有风险，投资需谨慎。 来源:金融界 博盈特焊主营业务为特种焊接设备的研发、生产和销售，产品主要应用于石油化工、电力能源、航空航 天等领域。公司产品具有耐高温、耐腐蚀等特点，在行业内具有一定技术优势。 8月4日早盘，博盈特焊出现快速反弹行情，在5分钟内涨幅超过2%。截至9点36分，该股报26.57元，成 交1，762.25万元。 博盈特焊最新股价为27.07元，较前一交易日上涨0.67元。该股开盘报26.40元，盘中最高触及27.48元， 最低下探26.00元，全天成交60，141手，成交金额达1.62亿元。 ...

Group 1 - The company, Boying Special Welding, announced on August 1 that it has repurchased a total of 1,886,123 shares through a dedicated securities account via centralized bidding, which represents 1.4289% of the company's total share capital [2]

格隆汇8月1日丨博盈特焊(301468.SZ)公布，截至2025年7月31日，公司通过股份回购专用证券账户以集 中竞价交易方式累计回购公司股份数量为1,886,123股，占公司总股本的1.4289%，最高成交价为24.44 元/股，最低成交价为19.23元/股，成交总金额为4169.39万元(不含交易费用)。 ...

证券代码：301468 证券简称：博盈特焊 公告编号：2025-049 广东博盈特焊技术股份有限公司 关于股份回购进展情况的公告 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。 广东博盈特焊技术股份有限公司（以下简称"公司"）于2024年9月20日召开第二届 董事会第八次会议、第二届监事会第八次会议，并于2024年10月10日召开2024年第三 次临时股东大会，审议通过了《关于回购公司股份方案的议案》。同意公司以集中竞 价交易方式回购公司已发行的人民币普通股（A股）股票，用于减少注册资本，本次 回购股份的资金总额不低于人民币4,000万元（含），不超过人民币8,000万元（含）， 具体回购资金总额以实际回购股份使用的资金总额为准。回购价格不超过29.09元/股 （含本数），本次回购期限自公司股东大会审议通过回购股份方案之日起12个月内。 具 体 内 容 详 见 公 司 2024 年 9 月 21 日 及 2024 年 10 月 21 日 于巨潮资讯网 （http://www.cninfo.com.cn）披露的《关于回购公司股份方案的公告》（公告编号： 2024 ...

Key Points - Tibet Tourism may apply for suspension of trading if significant abnormalities occur in stock transactions [1] - Southern Road Machinery's stock price has deviated from its fundamental situation [1] - Industrial Fulian's major customers and products have not undergone significant changes [1] - Yingweike has established a relatively complete liquid cooling technology and product solution capability [1] - Victory Energy's operational situation remains normal with no significant changes in the internal and external business environment [1] - Qizheng Tibetan Medicine's operational situation is normal with no significant changes in the internal and external business environment [1] - Dongxin Co. states that its investment in Shanghai Lishuan's chip products is not applicable for large model computing clusters [1] - Guosheng Co. has obtained project filing related to PEEK from its wholly-owned subsidiary [1] - Action Education's actual controller proposed a mid-term dividend of 10 yuan per 10 shares [1] Mergers and Acquisitions - Darui Electronics plans to acquire 80% of Weiste's equity through capital increase and share acquisition [1] - Dashengda intends to acquire 30% equity of Thailand's Far East [1] Financing - Aoshikang plans to issue convertible bonds not exceeding 1 billion yuan for high-end printed circuit board projects [1] - Sixuan New Materials intends to raise no more than 466 million yuan through a private placement [1] - Changhua Chemical plans to raise no more than 230 million yuan for a carbon dioxide polyether project [1] Share Buybacks and Reductions - Fuanna plans to repurchase shares worth between 55.85 million and 104 million yuan [1] - Jiangnan Yifan's board member intends to increase his stake in the company [1] - Jieya Co. and its concerted parties plan to reduce their holdings by no more than 4.95% [1] - Other companies including Tongda Co., Haohan Deep, and Wanhu Chemical also plan to reduce their holdings [1] Operational Data - Sinopec expects a net profit decline of 39.5% to 43.7% year-on-year for the first half of the year [1] - Qingdao Bank reported a net profit of 3.065 billion yuan for the first half, up 16.05% year-on-year [1] - Daodaquan's net profit increased by 563.15% year-on-year, proposing a dividend of 1.76 yuan per 10 shares [1] - Zhengdan Co. reported a net profit increase of 120.35% year-on-year, proposing a dividend of 3 yuan per 10 shares [1] - Other companies reported varying profit changes, including losses and significant increases [1] Contracts and Major Investments - Sanhui Electric signed a framework contract for robot equipment sales [1] - Zhejiang University Network New's subsidiary won a smart engineering project worth 94.2712 million yuan [1] - New Aluminum Times plans to invest no less than 500 million yuan in a project for lightweight, high-strength auto parts [1] - Zhishang Technology will use part of its raised funds for a smart manufacturing production base in Vietnam [1]