回转支承专业制造 证券代码：300850 证券简称：新强联 公告编号：2025-098 洛阳新强联回转支承股份有限公司 第四届董事会第二十次会议决议公告 一、董事会会议召开情况 洛阳新强联回转支承股份有限公司（以下简称"公司"）第四届董事会第二十次会 议（以下简称"本次会议"）于 2025 年 12 月 23 日下午 14:00 以现场会议方式召开， 现场会议的会议地点在公司四楼会议室，本次会议通知于 2025 年 12 月 17 日以电子邮 件通知、电子通讯通知等方式送达全体董事。本次会议由公司董事长肖争强先生召集和 主持，本次会议应到董事 7 人，实到 7 人。公司高级管理人员列席了本次会议。 本次会议的召集、召开程序符合有关法律、法规、部门规章、规范性文件和《公司 章程》的规定。 二、董事会会议审议情况 与会董事对需审议的议案进行了充分讨论，相关议案审议和表决情况如下： （一）审议通过《关于公司符合向特定对象发行股票条件的议案》 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发行注 册管理办法》等法律法规、规范性文件的相关规定，董事会对公司的实际情况及相关事 项进行认真的自查论证后， ...

Group 1: AI-Driven Power Demand - The explosive growth in AI computing demand is driving a surge in data center construction, significantly increasing electricity consumption. For instance, in the US, the expected new power capacity for AI data centers will reach 16.1 million kW in 2025, 30.2 million kW in 2026, and 40.9 million kW in 2027 [2][3] - China's cloud computing companies are also rapidly expanding, with projected new power capacity for AI data centers reaching 3.1 million kW in 2025, 4.1 million kW in 2026, and 4.9 million kW in 2027 [2][3] - The actual usage of AI services is skyrocketing, with Google's monthly usage doubling to 960 trillion tokens from May to July 2025, and daily usage by major companies like Microsoft and Google surpassing one trillion tokens [2][3] Group 2: Energy Storage and New Energy Systems - The electrification level in society is rapidly increasing, with China's electricity consumption in 2024 expected to reach 27.4% of total energy consumption, surpassing developed countries [4] - The demand for energy storage systems is projected to reach 2,888 GWh in 2026, a year-on-year increase of 33%, with storage battery demand expected to grow by 54% due to domestic policy support and overseas AI industry demand [4] - New applications in electric vehicles and commercial vehicles are contributing significantly to this growth, while upstream materials may face structural supply tightness, benefiting related companies [4] Group 3: Global Opportunities for Power Equipment - Chinese power equipment manufacturers are entering a golden period for global capacity export, as traditional overseas suppliers face slow expansion and material shortages [5] - Export growth for transformers is notable, with increases of 19.9% in 2023, 26.6% in 2024, and 37.8% in the first ten months of 2025 [5] - The ability of Chinese manufacturers to quickly respond to global demand is alleviating the supply shortages faced by Europe and the US [5] Group 4: New Energy Equipment and Components Market Outlook - The photovoltaic and wind power equipment markets are expected to see improved profitability as domestic independent energy storage stations come online and off-peak electricity prices recover [7] - The demand for photovoltaic components is anticipated to rebound due to a combination of lower interest rates overseas and high traditional energy prices [7] - Leading companies in the wind power sector are expanding both domestically and internationally, benefiting from improved gross margins as demand exceeds expectations [7] Group 5: Energy Commodities: Coal and Uranium - The domestic supply-demand relationship for thermal coal is expected to improve by 2026, with price levels stabilizing around 750 RMB per ton [8] - The price of natural uranium is expected to remain strong due to global nuclear power plant restocking, with a projected supply gap expanding by 2028 [8] - The approval and construction of nuclear power in the US and Europe are driving demand for natural uranium, potentially leading to significant stock price increases for related companies [8] Group 6: Key Companies - In the energy storage and power battery sector, key companies include CATL, Sungrow Power, and Tianneng Battery [9] - In the power equipment sector, notable companies are Dongfang Electric, Harbin Electric, and Siemens Energy [10] - In the new energy equipment sector, key players include First Solar, Canadian Solar, Xinyuan Technology, and Goldwind [11]

证券之星消息，12月18日风电设备板块较上一交易日下跌0.83%，新强联领跌。当日上证指数报收于 3876.37，上涨0.16%。深证成指报收于13053.98，下跌1.29%。风电设备板块个股涨跌见下表： 从资金流向上来看，当日风电设备板块主力资金净流入1.77亿元，游资资金净流出1.11亿元，散户资金 净流出6594.91万元。风电设备板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

12月18日，新强联跌5.06%，截至发稿，报43.51元/股，成交4.29亿元，换手率3.22%，总市值180.17亿 元。 资料显示，洛阳新强联回转支承股份有限公司位于河南省洛阳市新安县经济技术开发区洛新园区京津路 8号，成立日期2005年8月3日，上市日期2020年7月13日，公司主营业务涉及大型回转支承和工业锻件的 研发、生产和销售。主营业务收入构成为：风电类产品75.84%，锁紧盘7.26%，其他6.23%，锻件 6.05%，盾构机类产品1.49%，海工装备类产品1.39%，电力1.15%，其他轴承类产品0.42%，联轴器 0.10%，齿轮箱轴承产品0.03%，风电发电机组用传动组件0.03%。 从基金十大重仓股角度 数据显示，申万菱信基金旗下1只基金重仓新强联。申万菱信中证1000指数增强A（017067）三季度持 有股数2.02万股，占基金净值比例为0.87%，位居第九大重仓股。根据测算，今日浮亏损失约4.69万 元。 申万菱信中证1000指数增强A（017067）成立日期2023年2月14日，最新规模5688.7万。今年以来收益 28.32%，同类排名1589/4197；近一年收益28.49% ...

Investment Rating - The report assigns a "Buy" rating to the company, with a target price based on a projected PE of 86.90 times for 2025 [8]. Core Insights - The company is a leader in self-lubricating bearings, with a strong brand reputation and extensive application across various industries including automotive, engineering machinery, and robotics [2][21]. - The global bearing market is expected to grow from approximately $145.19 billion in 2025 to $329.4 billion by 2034, with self-lubricating bearings showing significant advantages in specific applications [5][33]. - The automotive sector is projected to maintain growth, with global sales expected to reach 95.31 million units in 2024, reflecting a 2.65% year-on-year increase, which will drive demand for self-lubricating bearings [6][42]. - The engineering machinery sector is experiencing a recovery, with significant sales growth expected, further increasing the demand for self-lubricating bearings [6][55]. - The company is actively developing its robotics business, focusing on self-lubricating bearings for joints and other components, with potential for significant revenue growth in the future [7][66]. Summary by Sections Company Overview - The company specializes in self-lubricating bearings and has a high brand recognition, being a key player in the industry since its establishment in 1995 and listing on the Shenzhen Stock Exchange in 2017 [21][22]. - The product range includes self-lubricating bearings and high-performance polymers, with applications in various sectors such as automotive, engineering machinery, and renewable energy [22][24]. Industry Background - The bearing industry is categorized into sliding and rolling bearings, with self-lubricating bearings gaining traction due to their advantages in maintenance and operational costs [32][35]. - The automotive market is expected to see an increase in the number of self-lubricating bearings used per vehicle, driven by trends towards lightweight and reliable components [42][45]. - The engineering machinery sector is witnessing a rebound, with increased sales of excavators and loaders, which will enhance the demand for self-lubricating bearings [51][55]. - The wind power sector is also growing, with a shift towards self-lubricating bearings in large wind turbines, indicating a trend of "sliding replacing rolling" [59][63]. Financial Forecast and Valuation - Revenue projections for the company are estimated at 1.29 billion, 1.49 billion, and 1.71 billion yuan for 2025, 2026, and 2027 respectively, with net profits expected to reach 271 million, 308 million, and 359 million yuan in the same years [8][12].

Core Viewpoint - The A-share market experienced a collective rise in the three major indices, indicating positive market sentiment and potential investment opportunities in the growth sectors [1] Market Performance - As of December 17, 2025, the Shanghai Composite Index rose by 1.06%, the Shenzhen Component Index increased by 2.03%, and the ChiNext Index surged by 2.71% [1] - The ChiNext Growth ETF (159967) saw a significant increase of 4.12%, with the latest price at 0.632 yuan and a trading volume of 287 million yuan, reflecting a turnover rate of 8.2% [1] Stock Performance - Among the constituent stocks, LianTe Technology led with a gain of 20.00%, followed by Tianhua New Energy at 14.96%, Zhongshi Technology at 9.86%, Tianfu Communication at 8.94%, and Xinyi Sheng at 8.39% [1] - Conversely, Baipu Saisis fell by 1.47%, Hanwei Technology decreased by 0.60%, WoWu Biology dropped by 0.17%, Taotao Automotive declined by 0.06%, and Xinqiang Lian fell by 0.04% [1] Valuation Insights - The latest price-to-earnings ratio (PE-TTM) for the ChiNext Growth ETF is 40.69, which is below the 10-year average of 43.60%, indicating that the valuation is lower than 56.40% of the time over the past decade, suggesting a favorable entry point for investors [1]

Summary of Wind Power Industry Conference Call Industry Overview - The wind power industry in China is showing strong performance, with domestic bidding data indicating a potential total of 130-140 GW for 2024, possibly reaching 160 GW, which is on par or higher than last year [1][2] - The offshore wind power sector is particularly robust, with bidding volumes around 10 GW, primarily concentrated in Guangdong and Zhejiang [2][13] Key Insights and Arguments - **Bidding Data**: As of December 10, 2024, bidding data is close to 120 GW, with a significant increase in bidding activity in early December, suggesting that the total installed capacity for the year may exceed 103 GW [1][2] - **Wind Turbine Prices**: Wind turbine prices have been on the rise, with average bidding prices reaching 1,857 RMB/kW (excluding towers) for certain projects. The average price for 5-7 MW turbines was over 1,770 RMB, while 10 MW projects averaged 1,280 RMB [4] - **Future Installations**: The expected installed capacity for 2025 is around 120 GW, showing significant growth compared to 2024. The market consensus indicates that total installations will be higher than this year [5][10] - **Component Prices**: There is a low probability of significant price increases for components, although some core components like bearings and gearboxes are experiencing tight demand [6][7] - **Hydrogen and Ammonia Policies**: New policies promoting green fuels, including hydrogen and ammonia, are expected to positively impact the wind power sector, enhancing future installation expectations [12] Additional Important Points - **Offshore Wind Power Trends**: From 2026, more than half of the projects will utilize jacket foundations instead of monopiles, indicating a shift in demand dynamics [14][16] - **European Market Outlook**: The European offshore wind market is optimistic, with several projects entering construction phases and new bidding rounds expected to bring more opportunities for Chinese companies [15][18][19][20] - **Southeast Asia Opportunities**: Countries like the Philippines and Vietnam are initiating offshore wind projects, which could provide significant opportunities for Chinese firms [21] - **Competitive Landscape**: Companies like Goldwind, Haizhuang Wind Power, and Tianjun Wind Power are well-positioned in the foundational pile segment, while smaller firms like Taisheng may also capture market share [22] This summary encapsulates the key points from the conference call regarding the wind power industry, highlighting both current performance and future expectations.

本次减持完成后，肖争强及肖高强合计持股比例降至28.69%。新强联表示，本次减持计划的实施不会 导致公司控股股东及实际控制人发生变化，不会对公司治理结构及持续经营产生影响。 转自：中国证券报·中证网 根据公告，肖争强合计减持701.5363万股，占总股本1.69%；肖高强合计减持439.03万股，占总股本 1.06%。实际减持股份数量未超过计划减持股份数量。 中证报中证网讯（王珞）12月15日晚，新强联发布公告称，公司于近日收到控股股东、实际控制人肖争 强及肖高强出具的告知函，截至公告披露日，控股股东、实际控制人肖争强及肖高强本次减持计划期限 已届满。在2025年9月15日至12月14日的减持计划期限内，肖争强及肖高强合计减持公司股份1140.5663 万股，占公司总股本的2.75%，合计套现金额约5.16亿元。 ...

证券代码：300850 证券简称：新强联 公告编号：2025-097 洛阳新强联回转支承股份有限公司 关于控股股东减持股份计划期间届满暨实施情况的公告 控股股东、实际控制人肖争强先生及肖高强先生保证向本公司提 供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 回转支承专业制造 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 公司于 2025 年 8 月 22 日披露了《关于控股股东、实际控制人减持股份预披露公告》 （公告编号：2025-047），持有公司股份 66,399,195 股（占公司总股本比例 17.43%）的 控股股东、实际控制人肖争强先生计划在减持股份披露公告披露之日起 15 个交易日后 的三个月内（2025 年 9 月 15 日至 2025 年 12 月 14 日）以集中竞价方式减持公司股份不 超过 2,338,493 股（占公司总股本比例 0.61%）、以大宗交易方式减持公司股份不超过 4,676,987 股（占公司总股本比例 1.23%）；持有公司股份 63,795,305 股（占公司总股本 比例 16.75%）的控股股东、实际控制人肖高强先生计划在 ...

Core Viewpoint - The wind power industry remains highly prosperous, with two main stock selection themes identified: (1) the recovery of wind turbine profitability and potential for exceeding installation expectations, driven by strong overseas demand; (2) the resonance of domestic and international offshore wind demand, with a positive outlook for offshore wind growth [1] Group 1: Wind Turbine Market Dynamics - Wind turbine bidding prices have shown a continuous upward trend, with the average bidding price for onshore wind turbines reaching 1618 RMB/kW in the first ten months of 2025, a year-on-year increase of 6.86%; the average bidding price including towers is 2096 RMB/kW, up 9.78% year-on-year, indicating a potential recovery in wind turbine sales profitability by 2026 [2] - The bidding and approval volumes for wind turbines in 2025 also reflect year-on-year increases, with a 13.16% rise in bidding volume and a 29% increase in project approvals, suggesting that domestic wind turbine shipments in 2026 may exceed expectations [3] Group 2: Offshore Wind Development - Domestic nearshore projects are progressing smoothly, with multiple projects in Guangdong and Jiangsu advancing through installation processes; policies for deep offshore wind have been continuously released since 2025, indicating significant growth potential for deep offshore wind projects [4] - The acceleration of offshore wind power construction overseas is evident, with Europe expected to add 8.40 GW of new offshore wind capacity in 2026; the auction volume for offshore wind in Europe has reached 60.05 GW from 2021 to the first half of 2025, indicating a robust pipeline for future projects [5] Group 3: Investment Recommendations - Based on the recovery of wind turbine profitability and installation demand, the company recommends focusing on wind turbine and component investments, highlighting companies such as Goldwind Technology, Mingyang Smart Energy, and SANY Heavy Energy, while also suggesting attention to component manufacturers like Rihua Co., Ltd. [6] - For the accelerated development of offshore wind, the company recommends investments in subsea cables and foundation segments, with specific recommendations for companies like Orient Cable and Zhongtian Technology in the cable segment, and Daikin Heavy Industry and Tianneng Wind Power in the foundation segment [6]