浙富控股:营收利润稳步增长 技术创新筑牢高质量发展根基

Core Insights - The company reported a revenue of 10.642 billion yuan for the first half of 2025, marking a year-on-year growth of 3.22%, while net profit attributable to shareholders reached 566 million yuan, reflecting a significant increase of 16.80% [1] - The company is focusing on a dual business strategy of "clean energy equipment + hazardous waste resource utilization," leveraging technological innovation and capacity release to achieve steady growth in performance [1] Clean Energy Equipment Business - The clean energy equipment segment saw a substantial revenue increase of 37.11% year-on-year, reaching 615 million yuan, with a gross margin improvement of 7.31 percentage points to 44.67%, significantly above the industry average [2] - The growth is attributed to the implementation of the "Pumped Storage Medium and Long-term Development Plan (2021-2035)" and the Belt and Road Initiative, which have supported overseas market expansion [2] Nuclear Power Equipment Business - The nuclear power equipment segment, particularly through its subsidiary Sichuan Huadu Nuclear Equipment Manufacturing Co., has been a key contributor to profitability, generating a net profit of 120 million yuan [3] - The company is involved in the development of advanced nuclear technologies, including the third-generation "Hualong One" and fourth-generation fast reactor components, which are expected to drive future growth [3] Hazardous Waste Resource Utilization - The hazardous waste resource utilization business is experiencing steady growth, supported by national policies promoting a "waste-free city" and circular economy [4] - The company has established a comprehensive industrial chain for hazardous waste management, achieving significant improvements in the recovery rates and purity of recycled metals, and has the capacity to process 40,000 tons of used power batteries annually [4] Technological Innovation - The company holds 378 valid patents, including 83 invention patents, which are crucial for maintaining competitive advantages in key areas such as pumped storage, nuclear power equipment, and hazardous waste resource utilization [5] - Significant R&D investment of 450 million yuan in the first half of 2025 supports ongoing technological advancements and market competitiveness [5] Shareholder Returns - The company has committed to shareholder returns, distributing a total cash dividend of 258 million yuan for 2024, which is 26.58% of the net profit attributable to shareholders [6] - The total cash return, including share buybacks, amounts to 413 million yuan, with a cumulative dividend distribution of approximately 2 billion yuan since its listing [6] Future Outlook - For the second half of 2025, the company plans to continue focusing on the "clean energy + large environmental protection" strategy, enhancing technological innovation and international expansion in clean energy equipment while optimizing capacity in hazardous waste resource utilization [7] - The company aims to explore emerging fields such as nuclear fusion equipment and advance digital transformation and intelligent upgrades to support sustainable development and national carbon reduction goals [7]