证券代码：002353 证券简称：杰瑞股份 公告编号：2025-078 烟台杰瑞石油服务集团股份有限公司 关于回购股份情况进展的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要提示： 烟台杰瑞石油服务集团股份有限公司（以下简称"公司"或"杰瑞股份"）于 2025 年 4 月 23 日召开第六届董事会第二十三次会议审议通过了《关于 2025 年度回购股份方案的议 案》。公司拟使用公司自筹资金及股票回购专项贷款，以集中竞价交易方式回购公司发行的 人民币普通股（A 股），用于股权激励或者员工持股计划，资金总额不低于人民币 15,000 万元（含）且不超过人民币 25,000 万元，回购价格不超过 49.00 元/股，实施期限为自公司 董事会审议通过回购方案之日起12个月内。因公司在回购期间实施了2024年年度权益分派， 自股价除权、除息之日（即 2025 年 5 月 23 日）起，公司本次回购价格由不超过 49.00 元/ 股（含）调整为不超过 48.31 元/股（含）。因公司在回购期间实施了 2025 年半年度权益分 派，自股价除权、除息之日（即 202 ...

Group 1 - The A-share market experienced a significant increase in public fund research activities in October 2025, with 159 public institutions participating and covering 632 stocks, resulting in a total of 7,452 research instances, a 60.57% increase from September [1] - The computer industry saw a notable focus, with Nengke Technology being the most researched company, receiving 73 research instances from 53 public institutions, highlighting interest in its AI business developments [1] - The top ten researched stocks in October were primarily from the power equipment, machinery, and communication sectors, indicating strong interest in these industries [1][2] Group 2 - The pharmaceutical and biological industry emerged as the hottest sector for research, with 85 stocks receiving a total of 1,229 research instances, significantly outpacing other industries [2][3] - The electronics industry followed closely, with 78 stocks and a total of 1,069 research instances, indicating a strong interest from public institutions [3] - The power equipment and machinery sectors also showed high research activity, each with over 750 research instances and more than 55 stocks being researched [3] Group 3 - Chuangjin Hexin Fund was the most active public institution in October, conducting 302 research instances, primarily focusing on the pharmaceutical, electronics, and machinery sectors [3] - Ping An Fund followed with 169 research instances, concentrating on electronics, machinery, power equipment, and computer industries [3] - Bosera Fund ranked third with 137 research instances, focusing on power equipment and electronics, aligning with current market trends [3]

Stock Recommendations - Jerry Holdings (002353.SZ) shows strong overseas market expansion and robust order support for performance growth, with an EPS forecast of 2.99 in 2025 and a PE ratio of 18.05[3] - Kingsoft Office (688111.SH) has demonstrated rapid growth in Q3, with an EPS of 3.91 expected in 2025, driven by strong performance in WPS personal business and AI capabilities[3] - Double Ring Transmission (002472.SZ) is positioned as a leading supplier for Tesla, with an EPS forecast of 1.51 in 2025, indicating strong growth potential in humanoid robotics[3] - Zhongji Xuchuang (300308.SZ) benefits from increased overseas CAPEX and is expected to see significant growth, with an EPS of 10.23 in 2025 and a high PE ratio of 61.46[3] - Shangmei Co., Ltd. (2145.HK) has a clear growth path with strong sales performance, expecting an EPS of 2.58 in 2025[4] - Giant Network (002558.SZ) reported a net profit of 1.416 billion yuan in Q3 2025, a year-on-year increase of 32.31%, with an EPS forecast of 1.16 in 2025[4] Market Performance - The weighted return of the October stock portfolio was 7.41%, outperforming the Shanghai Composite Index, which rose by 1.85%[9] - Zhongji Xuchuang had the highest increase in the portfolio at 17.29%, while the overall equal-weighted return was -0.20%[10] - The market capitalization of Zhongji Xuchuang reached 525.57 billion yuan, the highest among the recommended stocks, with a significant increase in institutional holdings[16] Risk Factors - Economic recovery and policy support may fall short of expectations, posing risks to industry and individual stock performance[6]

Core Insights - The National Petroleum and Natural Gas Index (399439) has seen a strong increase of 1.54%, with significant gains in constituent stocks such as Lanstone Heavy Industry (603169) up 9.99%, Intercontinental Oil and Gas (600759) up 9.70%, and China National Offshore Oil Corporation (600938) up 4.54% [1] - OPEC+ has agreed to maintain a production increase of 137,000 barrels per day in December, consistent with the planned increases for October and November, while pausing production increases from January to March due to expected seasonal demand slowdown [1] - Brent crude oil prices have surpassed $65 per barrel, marking the longest consecutive increase since late September, while WTI crude oil prices have crossed the $61 mark [1] Industry Analysis - Long-term, oil-producing countries prioritize "value over volume," and OPEC+ is expected to balance pressures that may lead to a new round of cooperation, supported by North American shale oil cost impacts [2] - The Brent crude oil price is anticipated to find long-term support around $60 per barrel before the influence of South American supply and global energy transition accelerates [2] - The top ten weighted stocks in the National Petroleum and Natural Gas Index, which includes major companies like China National Petroleum (601857) and Sinopec (600028), account for 65.09% of the index [2]

Company Developments - Ansys China issued a notice to clients stating that the claims made by Nexperia Netherlands regarding the local management's failure to comply with contract payment terms are completely unfounded and maliciously defame Ansys China's management. Ansys China asserts that it has not defaulted on any obligations; rather, Nexperia Netherlands currently owes ATGD a total of 1 billion RMB [2] - BYD reported that its new energy vehicle sales reached 3,701,852 units in the first ten months, marking a year-on-year increase of 13.88%. In October, the total installed capacity of new energy vehicle power batteries and energy storage batteries was approximately 27.362 GWh, with a cumulative total of about 230.613 GWh [6] - Seres announced that its new energy vehicle sales in October were 51,456 units, reflecting a year-on-year increase of 42.89%. The cumulative sales for the year reached 356,085 units, showing a year-on-year growth of 0.95% [6] - Betta Pharmaceuticals has reached a strategic cooperation agreement with Shengsi Bio, acquiring exclusive general agency rights for a recombinant coagulation factor product [6] - OpenAI has officially lifted the invitation code restrictions for its AI video generation tool Sora 2, making it available for download to users in the United States, Canada, Japan, and South Korea. Users can now access it directly through the Apple App Store and log in using their ChatGPT accounts [6] Industry Insights - The China Securities Association reported that as of October 31, a total of 5,446 listed companies in China's domestic stock market disclosed their Q3 2025 reports. The data shows that in the first three quarters, these companies achieved a total operating income of 53.46 trillion RMB and a net profit of 4.70 trillion RMB, representing year-on-year growth of 1.36% and 5.50%, respectively [4] - The A-share market has maintained a strong performance since October, with foreign institutional research remaining active. Companies such as Huaming Equipment, United Imaging Healthcare, Lens Technology, and others have garnered high attention from foreign investors, particularly in high-growth sectors like AI, robotics, and high-end manufacturing [4][5] - The overall trend for November is expected to remain upward, with brokerages favoring sectors such as technology and energy resources. The focus is on low-valuation sectors with profit recovery expectations, while technology growth remains a key area for investment [5]

Group 1 - A total of 425 listed companies were investigated by institutions this week, with United Imaging Healthcare receiving the most attention from 317 institutions [1] - Other companies such as Zhaoyi Innovation, Jinpan Technology, and Lens Technology were also investigated by over 200 institutions each [1] - In terms of total investigation frequency, Ouke Yiyuan was investigated 13 times, while Jerry Holdings, Goldwind Technology, and Fangyuan Technology were each investigated 4 times [1] Group 2 - Institutions continue to focus on sectors such as pharmaceuticals, industrial machinery, electronic components, and electrical equipment [1]

Group 1: Company Overview and Culture - The core values of the company are "customer-centric, based on strivers, self-criticism, and striving for first place" [3] - The company emphasizes the importance of a healthy corporate culture as a key driver of competitive advantage [3] - Leadership at all levels exemplifies the company's culture, which is crucial for its effective implementation [3] Group 2: International Business Development - The company has successfully expanded its international strategy, with operations in over 70 countries and regions [4] - The revenue from overseas business is continuously increasing, reflecting the effectiveness of the company's global strategy [4] - The company focuses on high-end equipment demand through engineering orders, enhancing brand recognition and market share [4] Group 3: Natural Gas Industry Outlook - The restructuring of the global natural gas supply landscape presents significant market opportunities [5][6] - Natural gas is increasingly recognized as a strategic bridge in the global energy transition, with rising demand for its development [5][6] Group 4: Order Fulfillment and Capacity Expansion - The company has seen rapid growth in natural gas-related orders and is proactively managing production and delivery schedules [7] - Key components are being pre-stocked to ensure timely order fulfillment, with an increase in prepaid accounts and inventory compared to the beginning of the year [7] - The company is expanding capacity through various means, including leasing facilities and enhancing talent recruitment [7] Group 5: Natural Gas Equipment Business Advantages - The company has established a comprehensive solution capability across the entire natural gas industry chain [8] - It maintains a strong focus on innovation and product quality, supported by various quality management certifications [8] - A robust service network ensures quick responses to customer needs, enhancing after-sales support [8] Group 6: Power Generation Business Development - The company has formed a new subsidiary to advance its power generation business, offering various gas turbine solutions [10] - It has successfully implemented equipment sales and power generation services in both domestic and international markets [10] - New orders for gas turbine services have been secured, with ongoing discussions to expand applications and secure additional contracts [10]

Core Insights - The China Securities 500 Quality Growth Index (930939) has shown a positive performance with a 0.39% increase, while the 500 Quality Growth ETF (560500) rose by 0.33% [1][2] - Significant growth in the ETF's scale has been observed, with an increase of 59.15 million yuan over the past three months [1] - The automotive industry is experiencing a trend of new model launches, with Tesla's Q3 sales in China increasing by 31% [2] Market Performance - Key stocks in the China Securities 500 Quality Growth Index include Wanxiang Qianchao (000559) up 9.99%, Hunan Gold (002155) up 9.31%, and Xinquan Co. (603179) up 7.76% [1] - The top ten weighted stocks in the index account for 22.61% of the total index, with Huagong Technology (000988) being the highest at 3.37% [3][5] Industry Trends - The penetration of intelligent components in the automotive sector, such as smart cockpits and HUDs, is rapidly increasing, benefiting related companies [1] - The fast development of new energy vehicles is driving demand for components like power batteries and electric drive systems [1] - The introduction of innovative products, such as Figure 03 by Figure, indicates a significant acceleration of smart technology in the automotive and component sectors [2]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the benchmark index [5][8]. Core Insights - The company reported a revenue of 10.421 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 29.49%. The net profit attributable to shareholders reached 1.808 billion yuan, up 13.11% year-on-year [1]. - The third quarter alone saw revenues of 3.519 billion yuan, a 13.9% increase compared to the same period last year, with a net profit of 567 million yuan, reflecting an 11.11% year-on-year growth [1][2]. - The company has successfully expanded its overseas market presence, securing a significant contract worth approximately 6.126 billion yuan with the Algerian National Oil Company [4]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a gross margin of 31.29%, a decrease of 3.73 percentage points year-on-year. The R&D expenses amounted to 362 million yuan, marking a 13.76% increase [3]. - The company’s prepayments increased by 108.78% compared to the beginning of the year, primarily due to the payment progress for key component purchases [2]. Market and Business Development - The oil and gas sector experienced fluctuations in 2025, but the demand for natural gas as a strategic transition bridge has grown rapidly, presenting opportunities for the company [4]. - The company is focused on technological innovation, having launched the Pangu series plunger pump, which is the world's first plunger pump with a lifetime warranty on the power end, significantly enhancing product competitiveness [4]. Future Outlook - The company is expected to achieve revenues of 16.003 billion yuan, 18.400 billion yuan, and 21.092 billion yuan for the years 2025, 2026, and 2027, respectively. The net profit attributable to shareholders is projected to be 3.065 billion yuan, 3.603 billion yuan, and 4.171 billion yuan for the same years [5][7].

山东鑫福来源律师事务所 山东鑫福来源律师事务所 关于烟台杰瑞石油服务集团股份有限公司 2025 年第一次临时股东会的 法律意见书 地址：烟台市莱山区观海路 119 号 2 楼 邮编：264003 山东鑫福来源律师事务所 山东鑫福来源律师事务所 关于烟台杰瑞石油服务集团股份有限公司 2025 年第一次临时股东会的法律意见书 致：烟台杰瑞石油服务集团股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公 司治理准则》、《深圳证券交易所股票上市规则》等我国现行法律、 行政法规、部门规章、规范性文件（以下简称法律、法规）的规定， 以及根据《烟台杰瑞石油服务集团股份有限公司章程》（以下简称 "《公司章程》"）等的规定，山东鑫福来源律师事务所（以下简称"本 所"）作为在中国取得律师执业资格的律师事务所，接受委托，指派 本所高强律师、滕晓峰律师就烟台杰瑞石油服务集团股份有限公司 (以下简称"公司")于 2025 年 10 月 30 日召开的 2025 年第一次临时 股东会（以下简称"本次股东会"）的召集、召开程序、出席本次股 东会人员及召集人资格 ...