JJHB(SH:603279) Ge Long Hui A P P·2025-12-23 05:45Core Viewpoint - Jingjin Equipment is a leading company in the filter press industry with a domestic market share exceeding 40% and is recognized as a champion in China's manufacturing sector [1] Group 1: Company Overview - Jingjin Equipment is the main drafter of national standards for filter presses and ranks first globally in production and sales of filter presses [1] - The company's products are widely used across various sectors including minerals and processing, new energy, new materials, environmental protection, chemicals, biotechnology, food, pharmaceuticals, health products, and sand and gravel aggregates [1] Group 2: Financial Performance - During the industry downturn, the company has focused on cost reduction and efficiency improvement while accelerating cash collection [1] - From Q1 to Q3 of 2025, the company's operating cash flow is significantly higher than its profit, indicating excellent operational quality [1] Group 3: Market Outlook - The high prices of non-ferrous metals such as copper and gold are expected to sustain capital expenditures in the non-ferrous metal sector [1] - With the gradual strengthening of environmental policies and rising costs of raw ore extraction, tailings pollution prevention and comprehensive utilization of tailings resources are anticipated to become future development trends, which the company is likely to benefit from [1] Group 4: Valuation Comparison - Compared to peer companies in the industry, such as Hangyang Co., Ltd. and Xianlead Intelligent, Jingjin Equipment's price-to-earnings (PE) ratio is relatively low [1] - The projected PE ratios for Jingjin Equipment from 2025 to 2027 are 15.58, 12.24, and 9.77 times, respectively, maintaining a "buy" rating [1]