新强联一季度营收同比增长107.46% 技术创新持续推动国产化替代

Core Viewpoint - New Qianglian has demonstrated significant growth in revenue and profit, driven by technological innovation and domestic substitution in the bearing industry, particularly in wind power and shield tunneling sectors [1][2][3]. Financial Performance - In 2024, New Qianglian achieved a revenue of 2.946 billion yuan, a year-on-year increase of 4.32%, with a net profit of 65 million yuan [1]. - In Q1 2025, the company reported a revenue of 926 million yuan, marking a substantial year-on-year growth of 107.46%, and a net profit of 170 million yuan, indicating a turnaround from losses [1]. - The company announced a cash dividend of 0.92 yuan per 10 shares, totaling 33.0045 million yuan, which represents 50.48% of its net profit, reflecting a commitment to investor returns [1]. Industry Position and Product Development - New Qianglian specializes in the research, production, and sales of large slewing bearings and related components, with applications in wind power, marine engineering, and construction machinery [2]. - The company has made significant strides in the wind bearing market, narrowing the gap with international competitors and achieving advanced product standards [2]. - In the shield tunneling sector, New Qianglian has increased its R&D investment, enhancing product quality and technology, and has established strong partnerships with leading industry clients [3][4]. Technological Advancements - The company holds 134 patents, including 30 invention patents, with several technologies recognized as leading both domestically and internationally [5]. - New Qianglian's independently developed products, such as the split slewing bearing for wind installation vessels and the overall slewing bearing for floating cranes, have filled domestic gaps and replaced imported products [6]. - The company has achieved breakthroughs in ultra-large diameter shield machine main bearings, marking a significant advancement in China's manufacturing capabilities in this area [7].