润邦股份：截至三季度末公司存货同比增长61.75%，主要系船舶订单量增长，原材料、在产品相应增加所致

Core Viewpoint - The company reported a significant decline in revenue from the shipbuilding and related equipment sector, with a decrease of 600 million, representing an 80% drop, while the port machinery business saw a 20% increase in revenue, leading to an overall revenue decline of over 10% [1] Group 1: Revenue Performance - The company's material handling equipment business experienced a year-on-year increase of approximately 480 million, with a growth rate of 26.51% [1] - The marine engineering equipment and related equipment sector saw a year-on-year increase of about 50 million, with a growth rate of 14.39% [1] - The shipbuilding and related equipment business reported a year-on-year decline of approximately 510 million, with a decrease of 89.03% [1] Group 2: Inventory and Orders - As of the end of Q3 2025, the company's inventory increased by 61.75% year-on-year, primarily due to the growth in ship orders and corresponding increases in raw materials and work-in-progress [1] - The company has seen a continuous increase in orders for marine engineering vessels and special transport vessels in recent years, with long contract fulfillment cycles and high order values [1] Group 3: Future Growth Prospects - The company's port equipment business and shipbuilding, marine engineering sectors are developing rapidly and are expected to be the main growth points in the coming years [1]