为使广大投资者更加全面、深入地了解襄阳长源东谷实业股份有限公司（以下简称"公司"）2025年第三 季度业绩情况，公司根据上海证券交易所的有关规定，于2025年11月25日16:00-17:00在上海证券交易所 上证路演中心平台（网址：http://roadshow.sseinfo.com/）以网络互动方式召开了公司2025年第三季度业 绩说明会。关于本次说明会的召开情况，公司已于2025年11月20日在上海证券交易所网站和指定媒体上 披露了《襄阳长源东谷实业股份有限公司关于召开2025年第三季度业绩说明会的公告》（公告编号： 2025-046）。 现将有关情况公告如下。 一、业绩说明会召开情况 2025年11月25日下午16:00-17:00，公司董事、总经理李从容女士，独立董事施军先生，财务总监王红云 女士，董事会秘书刘网成先生线上出席了本次业绩说明会，通过网络文字互动方式与投资者进行互动交 流和沟通，就投资者普遍关注的问题进行了回答。 二、投资者提出的主要问题及公司的回答情况 问题1：请问公司目前柴油发动机客户主要有哪些？ 答：尊敬的投资者，您好。公司目前柴油、天然气发动机缸体、缸盖的主要客户包括福田康明 ...

本报讯 记者姜义双报道 近日，抚顺石化公司石油一厂成功产出符合欧洲RAL-GZ041检测要求的石蜡产 品，拿到登陆欧洲市场的"入门证"，首批产品销往意大利，为抚顺石化抢占国际高端石蜡市场奠定了坚 实基础。 抚顺石化是世界最大的石蜡生产和出口基地，年产石蜡60余万吨。产品涵盖52号至64号全精炼石蜡，远 销北美洲、中美洲和东南亚。 责编：张晓楠 审核：刘立纲 抚顺石化高级专家杨青松告诉记者，多年来，由于欧洲对石蜡市场有绿色壁垒，一定程度上抑制了国内 产品出口。 今年9月以来，抚顺石化利用大检修契机，同步实施石蜡产品质量提升技术改造。装置开工后，技术人 员通过调整工艺条件，强化工艺管理，探索出最佳生产参数，于10月中旬成功封罐，生产出符合欧标要 求的56号石蜡产品。 杨青松说，此次石蜡产品出口意大利，提升了抚顺石化在高端石蜡市场的知名度和影响力，进一步巩固 了抚顺石化在国际市场上的话语权。 ...

证券代码：002209 证券简称：达意隆 广州达意隆包装机械股份有限公司 投资者关系活动记录表 编号：2025-006 | 在，公司将积极进行国内市场开拓，抓住部分细分市场产能 | | --- | | 扩张的机会点；国际市场方面，东南亚、南亚、非洲、中东 | | 等区域仍处于人均饮料消费量快速提升的红利期，公司将积 | | 极拓展营销渠道，通过多种途径扩大国际市场的订单额、订 | | 单比例，提高订单质量。同时，公司将进一步提升项目管理 | | 和售后服务的精细化水平，确保响应的时效性和服务的高品 | | 质，以增强市场竞争力。 | | 6、公司未来是否会加强股东回报，有哪些措施？ | | 答：公司将根据《未来三年股东回报规划（2024-2026年）》， | | 稳健强化股东回报。未来，公司将继续规范治理、强化核心 | | 竞争力、提升盈利能力，推动公司高质量发展。 | | 7、目前境外市场毛利率比国内高的原因是什么？ | | 答：公司境外市场毛利率高于国内，主要得益于产品性价比 | | 优势、市场竞争格局差异及产品结构优化等因素。 | | 8、目前公司销售至境外的产品结构大致是怎样的？ | | 答：根据目前 ...

Core Viewpoint - The company, Zhonggong Education, is expanding its strategic layout by establishing a wholly-owned subsidiary in the Hengqin Guangdong-Macao Deep Cooperation Zone to enhance business collaboration in the Greater Bay Area [1] Group 1 - The subsidiary, Beijing Zhonggong Zhiyuan Technology Co., Ltd., plans to set up a new entity named Zhonggong Zhiyuan (Zhuhai Hengqin) Education Technology Co., Ltd. with a registered capital of 150 million yuan [1] - This move aims to accelerate the expansion into the South China market and promote the company's sustainable development [1]

（编辑 王雪儿） 证券日报网讯 科陆电子11月21日发布公告，在公司回答调研者提问时表示，公司将加大市场拓展力 度，加强应收账款回款管理，增加经营性资金流入，同时拓宽融资渠道、降低融资成本，进一步降低资 产负债率。 ...

Group 1 - The core point of the article is that Estun plans to establish a joint venture with Suzhou BOE Sensor Technology Co., Ltd. to develop servo-related businesses [1][5] - The joint venture is proposed to be named Suzhou BOE Drive Technology Co., Ltd., focusing on general servo products, linear drive products, and precision drive control products [4] - The registered capital of the joint venture is set at 150 million yuan, with BOE Sensor contributing 90 million yuan for a 60% stake, while Estun will contribute 60 million yuan for a 40% stake [4] Group 2 - Estun aims to sign a technical licensing and service agreement with the joint venture, providing necessary technology and services for production operations, valued at 50 million yuan [4] - Suzhou BOE Sensor, established in June 2022, has reported revenues of 31.92 million yuan, 126 million yuan, and 84.03 million yuan from 2022 to 2024, with net losses of 9.12 million yuan, 39.51 million yuan, and 57.80 million yuan during the same period [4] - Estun focuses on automation core components, motion control systems, industrial robots, and intelligent manufacturing systems, aiming to leverage both companies' strengths to enhance competitiveness in the semiconductor and display sectors [5]

Core Insights - Bloomberg and Guotai Junan Securities signed a two-year strategic cooperation agreement on November 17, aiming to enhance collaboration in financial data, fintech, and market expansion [1] Group 1: Strategic Cooperation - The partnership will support Guotai Junan in international business, global data governance, wealth management, and overseas family office services [1] - The collaboration seeks to explore new paths for expanding research content dissemination and brand building, enhancing Guotai Junan's global market influence and investor communication efficiency [1] - Bloomberg will leverage Guotai Junan's local market experience and comprehensive financial service capabilities to support its business expansion in the Chinese market [1]

Summary of the Conference Call for 博云特焊 Company Overview - 博云特焊 reported a significant recovery in Q3 2025, with net profit attributable to shareholders increasing by 37.44% year-on-year, reversing the downward trend observed in the first half of the year [2][3] - The gross profit margin improved to 27.32% quarter-on-quarter, indicating effective cost control and successful expansion into overseas markets [2][3] Key Financial Metrics - The company had a healthy cash flow and financial status, supporting its expansion and rapid development [3] - The total number of employees increased to approximately 1,200, with nearly 400 new hires in 2025, reflecting business expansion needs [2][5] Production Capacity and Expansion Plans - The Vietnam factory has 15 hardfacing production lines with an annual capacity of about 100,000 cubic meters; it also has 4 HRSG production lines, each capable of producing two HRSG units valued at approximately $4.5 million [2][6] - Plans to expand to 12 HRSG production lines by the end of 2026, with the first phase expected to be completed by April 2026 [6] Order and Profitability Insights - New orders target a net profit margin of over 20%, with pricing structures fixed post-quotation, although actual margins may fluctuate based on manufacturing costs [2][8] - The company aims to reduce reliance on waste incineration power generation, projecting its revenue share to drop to 50%, corresponding to about 300 million yuan [4][24] Market Strategy and Outlook - 博云特焊 is focusing on penetrating the Saudi Aramco market, with plans to expand into other markets subsequently [4][13] - The HRSG market is expected to face supply shortages in the next 3-5 years, with 博云特焊 targeting to become the largest supplier in the U.S. market [4][14] Employee Recruitment and Management - Recruitment in Vietnam has progressed well, with expectations to increase the workforce to 600 by April 2026 and 900 by the end of the year [7] - The core management team consists of Chinese personnel, while the majority of new hires are local Vietnamese [7] Shareholder Actions - 前海股东 has announced a 3% reduction in shareholding, with a potential further reduction of 2% without the need for additional announcements due to their holding dropping below 5% [2][10] - The chairman has no plans to reduce his holdings, citing a lack of motivation and previous dividends received [11][12] Competitive Landscape - The domestic waste incineration market is expected to grow, particularly in economically developed regions, while the penetration rate of hardfacing in existing waste incineration furnaces is below 20% [27] - The price war in the domestic waste incineration industry has eased, with prices previously dropping from over 20,000 yuan to around 7,000 yuan [28] Conclusion - 博云特焊 is positioned for growth with a focus on international markets, particularly in HRSG production and waste incineration technology, while maintaining a strong domestic presence. The company is actively managing costs and expanding its workforce to meet increasing demand.

Core Viewpoint - The company, Kangdelai (603987), is actively expanding its market presence through various sales models and channels, focusing on both domestic and international markets [1] Domestic Market - The company primarily utilizes an agency production model for its domestic market [1] International Market - For the international market, the company employs both entrusted export and self-operated export as its main sales models [1] - The company is committed to expanding its international market presence through multiple strategies [1]

点评： 1. 国内业绩环比回升，海外增速持续亮眼。25Q1-3，受行业政策和国内需求短期承压影响，公司自产 主营业务营收10.74 亿元（同比-5.9%），其中自产发光营收9.67 亿元（同比-6.7%），海外业务持续高 增长，自产主营业务营收2.08 亿元（同比+39%），其中发光营收1.9 亿元（同比+42%）。随着国内发 光检测需求的持续回暖，25Q3 业绩实现拐点向上，整体自产主营业务营收4.03 亿元（同比+14.4%）， 其中自产发光营收3.64 亿元（同比+14%），分区域看，国内自产主营业务营收3.24 亿元（同比+6%， 环比+27.7%）、自产发光营收2.9 亿元（同比+4.6%，环比+29%），海外自产主营业务营收0.79 亿元 （同比+68.5%，环比+9.8%）、自产发光营收0.74 亿元（同比+75.6%，环比+16.2%，其中发光试剂收 入同比增长超50%）。 2. 发光仪+流水线加速装机，特色管线持续落地。25Q1-3，公司自产发光仪新增装机1806 台，其中国内 新增963 台（600 速机占比44.55%），海外新增843 台（同比+15.16%，其中300 速机同比+73 ...