Group 1: Financial Performance - R&D investment focuses on new energy ships, film capacitors, and intelligent equipment, contributing to a 41.49% revenue growth in 2024, reaching CNY 278 million [2][3] - The gross margin for the ship power distribution system increased by 2.03%, while the gross margin for the engine room automation system decreased by 10.75% due to product structure and cost changes [3][4] Group 2: Market Strategy and Development - The company is actively pursuing the new energy ship industry, enhancing power system technology, and expanding application scenarios to provide comprehensive solutions [3][4] - Plans to expand production capacity by targeting traditional business growth and penetrating mid-market segments in oil, gas, and bulk carriers [4] Group 3: Corporate Governance and Investor Relations - The company is working on a plan to lift risk warnings by addressing prior accounting errors and will apply for removal after 12 months from the administrative penalty decision [3][4] - Emphasis on market value maintenance and enhancing investor confidence through effective management and increased returns [4] Group 4: Future Outlook - The company anticipates revenue contributions from nuclear power and wind power converter businesses in 2025, contingent on customer demand and competition [3] - The company is committed to leveraging its technological advantages in DC circuit breakers and intelligent engine room systems to capture market share [4]

升，都是'走出去'的优势。比如，批量化工程反应堆功率提升了4.4%。"崔怀明说，一台"华龙一 号"机组每天的上网电价收入接近1000万元，这个看似小小的提升能让每台机组每天增加40余万元 的收入。 集团供图 □四川日报全媒体记者 宁宁"华龙一号"每台核电机组●每年发电超100亿度，能够满足中等发达国 家100万人口的年度生产和生活用电需求●同时相当于每年减少标准煤消耗312万吨、减少二氧化 碳排放816万吨，相当于植树7000多万棵5月14日，我国自主三代核电"华龙一号"全球首堆——中 核集团福清核电5号机组实现连续安全稳定运行1000天，持续向社会稳定输送清洁电力超370亿 度。记者在福建福清核电基地看到，银灰色的核电机组巍然矗立在海岸线上，其中5、6号机组 ——"华龙一号"示范工程格外醒目——2015年，"华龙一号"全球首堆福清核电5号机组正式开工建 设，标志着我国具有完全自主知识产权的三代压水堆核电技术实现从0到1的突破。截至目前，"华 龙一号"国内外在运、核准在建机组总数达41台，已成为全球在运、核准在建机组总数最多的三代 核电技术，成为中国核电走向世界的"国家名片"。回首来时路，让人不禁好奇：这条" ...

"依稀还记得刚来核电设计院的第一天。那天没有艳阳高照，也没有乌云密布，有的只是柔和的阳光和 柔和的风。"回忆起多年前面试时的场景，吴宇翔有一种云淡风轻的洒脱。十几年过去，他已经从青涩 的毕业生成长为优秀的核电设计师。 马兰基地是我国核试验基地之一，也是"两弹"研发的军事纪念地，众多清华学长在此奉献终身。吴宇翔 曾去马兰基地参加学校实践活动，感受到这项事业的伟大。"把个人的小追求和国家的大需要相结合， 才能找到可以发光发热的大平台。" 在毕业之前，吴宇翔最终下定决心：做一名核电设计师，追梦"核电强国"。2010年，他博士毕业，加入 中国核电工程有限公司，从事核电总体设计和型号研发工作。 入职3个月，有个与国外客户的技术交流会，一整天安排了十几个交流议题。吴宇翔被安排负责其中一 个议题的PPT和现场主讲、英文交流。他虽然是核专业的博士，可对核电的认识仅限于几门基础课。好 在中间隔了一个周末，吴宇翔把自己关在房间里整整两天，反复演练，假想各种问题，恶补相关知识。 到了周一开会，对方提出调整议题，他负责的议题变成了第一个议题。由于准备充分，他完成了一个精 彩的职场首秀。 可是好景不长，2011年3月国外一场核事故使得 ...

Core Viewpoint - The company has turned a profit in 2024, achieving a total operating revenue of 374 million yuan, a year-on-year increase of 46.58%, and a net profit attributable to shareholders of 2.54 million yuan, marking a turnaround from losses [2] Financial Performance - In the first quarter of 2025, the company reported an operating revenue of 49.95 million yuan, a year-on-year increase of 0.65%, and a net profit attributable to shareholders of 2.89 million yuan, a significant increase of 454.2% [4] - The gross margin for the first quarter was 18.71%, up by 14.37 percentage points year-on-year [4] Market Position and Competitiveness - The company holds a strong market presence in the domestic nuclear and thermal power water treatment sectors, being one of the few suppliers capable of providing condensate water treatment equipment that meets nuclear power plant production requirements [4][6] - By the end of 2024, the company had successfully provided hundreds of water treatment project systems to major energy groups, including China National Nuclear Corporation and China Huaneng Group [4][6] Technological Advancements - The company has developed a fourth-generation membrane electrode with a power density of 2.25 W/cm²@0.6V, which is considered a domestic leader in performance [5] - The company has mastered the high tower method for condensate water treatment, which features unique designs for resin separation and regeneration, addressing issues found in traditional methods [6][7] Strategic Partnerships and Recognition - Long-term collaborations with state-owned enterprises have created customer loyalty and project experience barriers [7] - The company has been recognized as a "National Specialized and Innovative 'Little Giant' Enterprise" and included in the national key equipment catalog, with its technology reaching international advanced levels [7] Research and Development Capabilities - The company has successfully developed high-performance automotive membrane electrodes, corrosion-resistant metal bipolar plates, and fuel cell engine systems, showcasing its multidimensional R&D capabilities [8] - The company has proprietary technologies in various components of hydrogen fuel cells, including low platinum membrane electrode technology and advanced bipolar plate coating technology [8]

证券代码：871396 证券简称：常辅股份 公告编号：2025-046 常州电站辅机股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 投资者关系活动类别 √特定对象调研 二、 投资者关系活动情况 活动时间：2025 年 5 月 15 日至 2025 年 5 月 16 日 活动地点：常州电站辅机股份有限公司会议室 参会单位及人员：中信证券股份有限公司、平安基金管理有限公司、陕西趋 势投资管理有限公司、西部证券股份有限公司、铁林（厦门）股权投资私募基金 管理有限公司、江海证券有限公司 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 上市公司接待人员：董事长、总经理杜发平先生 ；董事会秘书、财务总监 许旭华先生 三、 投资者关系活动主要内容 本次调研公司就投资者普遍关注的问题进行了沟通与交流，主要问题及回 复如下： 问题 1：公司 2025 年度一季度营业收入比上年同期下降 21.31%，请问主 要原因有哪些？ 回复：公司报告期普通 ...

Group 1: Robotics and Automation - Several companies in the robotics sector have seen significant stock price increases, with notable gains including 10.03% for Zhongchao Holdings and 20.02% for Grebo [2][3] - The rise in stock prices is attributed to advancements in robotics technology and applications in various industries, including military and automotive [2][3][7] Group 2: Chemical Industry - The chemical sector is experiencing price increases for products like diisobutylene and hydroxyl esters, drawing market attention [4] - Companies such as Hongqiang Co. and Jitai Co. have reported stock price increases due to rising prices of chemical products [5] Group 3: Nuclear Power - Companies involved in nuclear power, such as Wangzi New Materials, are gaining attention due to their involvement in projects like controllable nuclear fusion [6][7] - The stock prices of firms like Baoli Electric and Zhongzhou Special Materials have increased significantly, driven by nuclear power and military applications [7] Group 4: Intelligent Driving - The introduction of national standards for automatic emergency braking systems (AEBS) has led to increased interest in companies involved in intelligent driving technologies [8][9] - Stocks like Wan'an Technology and Haoen Automotive have seen price increases linked to developments in AEBS technology [9][10] Group 5: Pet Economy - The pet economy in China is growing, with the market size surpassing 300 billion, leading to increased stock prices for companies in the sector [22][23] - Companies like Baihe Co. and Tianyuan Pet have reported stock price increases due to the rising demand in the pet care market [23] Group 6: Rare Earth and New Materials - The rare earth sector is benefiting from rising prices of tungsten concentrate, positively impacting companies like Zhangyuan Tungsten [24][26] - Stocks in the new materials sector, particularly those related to PEEK materials, are also seeing gains as demand increases [19][21]

海陆重工分析师会议 调研日期：2025年05月15日 调研行业：电源设备 参与调研的机构：平安基金、国海证券、国联民生证券、中信证 券等 / 机构调研pro小程序 DJvanbao.com 洞见研报 出品 : 机构调研pro小程序致力于为金融证券投资者提供最新最全的调研会议纪要。 来机构调研pro小程序，了解最新的：行业投资风向、热门公司关注、权威机构分析... 权威完善的信息持续更新! 更多精彩的机构调报告请移步机构调研pro小程序~ 一解投资机构行业关注度。 频判市场 | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START SHIL ...

Core Viewpoint - The company is undergoing a significant asset swap and share issuance to acquire assets from State Nuclear Power Technology Company and China Life Insurance, aiming to enhance its operational capacity in the nuclear energy sector [1][12][21]. Group 1: Transaction Overview - The transaction consists of a major asset swap, issuance of shares for asset purchase, and fundraising through the issuance of shares to no more than 35 specific investors [1][12]. - The assets being swapped include 100% equity of Electric Power Nuclear Co. from State Nuclear and 100% equity of Capital Holdings from the company [12][13]. - The transaction values the assets at approximately 57.12 billion yuan for the incoming assets and 15.11 billion yuan for the outgoing assets [13][19]. Group 2: Financial Impact - Post-transaction, the company's total assets are projected to increase from approximately 478.32 billion yuan to 1,273.24 billion yuan, while total liabilities will rise from about 180.43 billion yuan to 778.50 billion yuan [21]. - The net profit attributable to shareholders is expected to grow from approximately 10.44 billion yuan to 34.37 billion yuan, indicating a significant enhancement in profitability [21]. - The asset-liability ratio will increase from 37.72% to 61.14%, reflecting a higher leverage post-transaction [21]. Group 3: Shareholding Structure - The transaction will alter the shareholding structure, with State Nuclear becoming the controlling shareholder, holding approximately 43.80% of shares post-transaction [21]. - The company’s original major shareholder, State Power Investment Group, will see its stake reduced to about 15.50% [21]. - China Life Insurance will hold approximately 25.05% of shares after the transaction [21]. Group 4: Regulatory and Compliance - The transaction is subject to approval from relevant regulatory bodies, including the China Securities Regulatory Commission and the Shenzhen Stock Exchange [3][21]. - The company has committed to strict compliance with information disclosure obligations to protect the interests of minority investors during the transaction process [22][23]. - Independent assessments have been conducted to ensure the fairness of asset valuations and compliance with regulatory standards [23].

您好，感谢您对公司的关注。公司目前也在积极拓宽 PCCP 管材的 下游应用领域，核电领域目前暂无应用案例；公司在 PCCP 行业的竞争 优势体现在品牌、业绩积累、生产布局、技术研发等方面。谢谢！ 投资者关系活动记录表 编号：2025-002 | | □分析师会议 | □特定对象调研 | | --- | --- | --- | | 投资者关系活 | □媒体采访 业绩说明会 √ | | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | | 线上参与"2025 年山东辖区上市公司投资者网上集体接待日活动"的投 资者； | | | 活动参与人员 | | | | | 公司董事长兼总裁付波先生；董事会秘书李文波先生；公司财务总监方 | | | | 林擎先生。 | | | 时间 | 年 月 日（星期四）下午 2025 5 15 15:00—16:30 | | | | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采 | | | 地点 | 用网络远程的方式召开业绩说明会 | | | 形式 | 在线文字交流 公司就投 ...

编号：2025-003 投资者关系活动类 别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及人 员姓名 平安基金：刘文平、杨蓓斯；中信证券：华鹏伟；国海 证券：钟琪；国联民生证券：张天浩 时间 2025 年 5 月 15 日 10:00-11:30 地点 公司会议室 上市公司接待人员 姓名 董事会秘书张郭一 投资者关系活动主 要内容介绍 一、公司主营业务简单介绍 公司目前主营业务为工业余热锅炉、大型及特种材 质压力容器及核安全设备的制造销售；固废、废水等污 染物处理及回收利用的环境综合治理服务；光伏电站运 营。 二、核电业务 公司从 1998 年起开始核电设备的制造，经过 20 多 年在核电领域的深耕与发展，创新智造先后完成多个项 目的国际、国内首件（台）制造任务。 公司核安全设备包括：安注箱、堆内构件吊篮筒体、 堆内构件吊具、乏燃料冷却器、硼酸冷却器、冷凝液冷 却器、再生式热交换器、非能动余热排出系统、稳压器 卸压箱、硼酸贮存箱、容积控制箱、应急补水箱、柴油 机主贮油罐、安全壳内换料水箱返回槽等，全面参与国 内 ...