盈利预测与投资建议。预计2025-2027年EPS分别为0.54元、0.62元、0.69元，对应动态PE分别为25/22/20 倍，维持"持有"评级。 西南证券股份有限公司徐卿近期对普莱柯（603566）进行研究并发布了研究报告《猪苗业务短期承压，宠 物板块表现亮眼》，给予普莱柯增持评级。 普莱柯 投资要点 业绩总结：2024年公司实现营业收入10.43亿元，同比-16.77%；归母净利润0.93亿元，同比-46.82%。2025 年第一季度，普莱柯实现营业收入2.79亿元，同比增长18.32%。归母净利润5291万元，同比增长93.75%。 点评：下游需求承压，宠物板块表现亮眼。报告期内，受下游养殖结构加速集中、市场有效需求萎缩等不 利因素影响，公司营收及利润出现下滑。业绩下滑主要受下游养殖结构调整、市场竞争加剧导致猪用疫苗 和化药业务下滑，以及南京基地转固折旧增加、研发投入加大等因素影响。尽管面临挑战，公司持续强 化"大单品"和"大客户"销售策略，并通过营销组织架构变革、精细化成本管控等措施积极应对。全年毛利 率为61.09%，与上年基本持平。2024年公司宠物板块表现亮眼。其中，宠物疫苗收入1442万元 ...

Group 1: Investment Projects and Trends - In Q1 2025, Guangzhou signed 677 new industrial investment projects with a total expected investment of 227.49 billion yuan, including 422 high-quality projects [1] - The city has seen significant growth in domestic investment, ranking first in total investment and second in growth rate across the province [1] - Major projects in the manufacturing sector, such as a 54.9 billion yuan direct current transmission project and a new automotive technology company, are boosting development confidence [4][5] Group 2: Focus on Emerging Industries - Guangzhou is targeting strategic emerging industries like artificial intelligence and biomanufacturing through "targeted investment," aiming to attract high-tech enterprises [2] - Notable projects include the establishment of the China headquarters for Kasei Rui Biotech and the global headquarters for Micronano Robotics [2] - The digital economy is also expanding, with companies like ByteDance and Alibaba establishing significant operations in the region [2] Group 3: Foreign Investment and Global Engagement - Guangzhou has actively engaged in international investment promotion, hosting multiple delegations to countries like Spain, Japan, and Singapore [6] - The city has been recognized as China's preferred investment destination for eight consecutive years, with a 3.53% year-on-year increase in new foreign investment projects [7] - In Q1, foreign investment in the manufacturing sector reached 4.902 billion yuan, a remarkable increase of 86.8% [7] Group 4: Business Environment and Policy Innovations - Guangzhou has enhanced its business environment by integrating resources and optimizing policies to attract investments [9] - The launch of the "Guangzhou Investment Land Supermarket" allows investors to access real-time information on available land, promoting ease of investment [9] - The city has implemented various measures to streamline project approvals and reduce costs for businesses, addressing common investment challenges [9][10]

Trane Technologies (TT) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Zac Nagle - Vice President of Investor Relations.Dave Regnery - Chairman & Chief Executive OfficerChris Kuehn - Executive Vice President and CFOChris Snyder - Executive DirectorAmit Mehrotra - Managing DirectorScott Davis - CEO & ChairmanJoe Ritchie - Managing DirectorAndrew Kaplowitz - Managing DirectorSteve Tusa - Managing DirectorJeffrey Sprague - Founder and Managing PartnerNigel Coe - Managing DirectorDeane Dr ...

证券代码：920098 证券简称：科隆新材 公告编号：2025-056 陕西科隆新材料科技股份有限公司 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 √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 二、 投资者关系活动情况 活动时间：2025 年 4 月 29 日 15:00-17:00 活动地点：公司在全景网"投资者关系互动平台"（https://ir.p5w.net）举办 2024 年年度业绩说明会 参会单位及人员：通过网络方式参与公司 2024 年年度报告业绩说明会的投 资者。 上市公司接待人员：董事长邹威文先生、总经理邹鑫先生、财务总监杨锦娟 女士、副总经理兼董事会秘书任瑞婷女士、保荐代表人潘建忠先生、沈砺君女士。 本次业绩说明会通过网络远程的方式举行，通过公司宣传视频和年报讲解视 频等形式对公司发展情况及 2024 年经营业绩情况进行了介绍。同时，公司在业 绩说明会上就投资者关心的问题进行了 ...

投资评级：买入（维持） 农林牧渔/动物保健Ⅱ 科前生物（688526.SH） 经营韧性十足，创新驱动成长 2025 年 04 月 30 日 《经营短期承压，静待 2024H2 业绩修 复—公司信息更新报告》-2024.9.1 陈雪丽（分析师） 王高展（联系人） chenxueli@kysec.cn 证书编号：S0790520030001 wanggaozhan@kysec.cn 证书编号：S0790123060055 日期 2025/4/30 当前股价(元) 16.25 一年最高最低(元) 19.56/11.00 总市值(亿元) 75.75 流通市值(亿元) 75.75 总股本(亿股) 4.66 流通股本(亿股) 4.66 近 3 个月换手率(%) 46.1 股价走势图 -40% -20% 0% 20% 40% 2024-04 2024-08 2024-12 2025-04 科前生物 沪深300 数据来源：聚源 相关研究报告 《后周期业绩有望修复向上，新品持 续发力持续成长—公司信息更新报 告》-2024.11.3 经营韧性十足，创新驱动成长，维持"买入"评级 公司发布 2024 年年报及 2025 年一季报 ...

从业绩结构来看，尽管营收面临一定压力，但公司通过精细化管理和成本优化，成功推动归母净利润实 现增长。全年净利率达到13.06%，较2023年的10.81%提升了2.25个百分点，反映出盈利能力的显著增 强。 具体分项数据方面，家具制造业务毛利率保持稳定，为34.73%；销售费用为10.11亿元，同比下降 10.23%，显示出公司在营销策略上的精准化与高效化转型；财务费用为-0.11亿元，同比大幅下降 119.67%，主要得益于财务管理能力的提升及利息收入的增长；管理费用则基本持平，整体费用控制表 现良好，战略执行效果明显。 索菲亚坚持"精耕细作"的经营模式，构建起可持续发展的内生动力，在复杂多变的市场环境中展现出较 强的抗风险能力和超越行业的竞争优势。 2025年4月28日，索菲亚家居股份有限公司（以下简称"索菲亚"）对外披露了其2024年度财务报告。报 告显示，公司全年实现营业收入104.94亿元；归属于母公司股东的净利润为13.71亿元，同比增长 8.69%。在行业普遍承压的大环境下，这一成绩体现出公司强大的经营韧性与稳定的盈利能力。 为回馈长期支持的广大股东，索菲亚同步公布了2024年度利润分配预案：拟 ...

证券代码：002879 证券简称：长缆科技 长缆科技集团股份有限公司 投资者关系活动记录表 | | 于抽水蓄能电站基建项目，如东海上风电工程、张北特高压示 | | --- | --- | | | 范工程等重点项目，实现了从 及以下产品向更高电压等 220kV | | | 级的重大突破。2022 年，公司 330kV-500kV 系列产品在国家电 | | | 网集中招标中取得显著突破，部分产品已完成交付，标志着该 | | | 系列产品正式进入城市输电网络的商业化应用阶段，为公司开 | | | 启了高电压等级产品的新增长周期。它不仅实现了技术成果向 | | | 市场价值的有效转化，更延续了公司技术引领市场的发展逻辑。 | | | 3、双江能源在天然酯绝缘油领域有什么优势？ | | | 双江能源在天然酯绝缘油这一新兴细分领域已形成技术与 | | | 客户优势，天然酯绝缘油闪点高、燃点高、可自然降解，低碳 | | | 环保无毒、过载能力强、安全性好，是一种较为理想的变压器 | | | 用环保型绝缘油。天然酯绝缘油成功应用于山东电力世界首台 | | | 天然酯立体卷铁心变压器、三峡集团东山杏陈 兆瓦 110kV 180 ...

Core Viewpoint - The Central Enterprise Innovation-Driven Index (000861) has shown a slight decline of 0.16% as of April 30, 2025, with mixed performance among constituent stocks, indicating a volatile market environment for central enterprises [3][4]. Group 1: Index and ETF Performance - The Central Enterprise Innovation-Driven ETF (515900) has decreased by 0.14%, with the latest price at 1.4 yuan, and has a trading volume of 413.75 million yuan, reflecting a turnover rate of 0.12% [3][4]. - Over the past year, the ETF has achieved an average daily trading volume of 38.99 million yuan, ranking first among comparable funds [3]. - The ETF has recorded a net value increase of 20.30% over the past three years, placing it in the top 16.57% among 1,744 index equity funds [5]. Group 2: Fund Characteristics - The ETF's management fee is 0.15% and the custody fee is 0.05%, which are the lowest among comparable funds [5]. - The tracking error of the ETF over the past five years is 0.038%, indicating the highest tracking precision among similar funds [5]. - The current price-to-book ratio (PB) of the index is 1.37, which is below the historical average for over 84.64% of the past year, suggesting a favorable valuation [5]. Group 3: Key Holdings - As of March 31, 2025, the top ten weighted stocks in the index account for 34% of the total index, with notable companies including Hikvision (002415) and State Grid NARI (600406) [6][8]. - The performance of individual stocks within the top ten has varied, with Hikvision showing a slight increase of 0.36% and China Merchants Bank declining by 3.19% [8].

推动消费市场活力迸发。渭南加力扩围实施消费品以旧换新，截至目前，消费品以旧换新核销金额 1.6亿元，带动交易金额10.7亿元。下一步，渭南将围绕重点领域持续发放消费券，大力提振消费；畅通 商贸流通体系，加快一刻钟便民生活圈、城市社区商业服务体系建设；丰富文旅产品供给，大力发展赛 事经济，推动文体旅融合发展。 4月29日，陕西省委宣传部、陕西省人民政府新闻办公室举办"持续深化'三个年'活动、聚力打好重 点领域攻坚硬仗"系列新闻发布会。记者从会上获悉：今年一季度，渭南地区生产总值增长5.1%，规上 工业增加值增长9%，固定资产投资增长13.9%，社会消费品零售总额增长5.7%。 渭南市委副书记、市长陈晓勇介绍，渭南持续深化"三个年"活动、聚力打好"八场硬仗"，坚持专班 推进，强化任务分解，加快攻坚突破，奋力推动既定目标任务高质量完成。 推动教育科技人才一体发展。渭南全力支持高校围绕产业布局开展基础学科领域研究、建设科技创 新平台，促进政府、高校、企业协同创新，打造市域产教联合体、行业产教融合共同体；以秦创原（渭 南）创新驱动平台建设为统揽，加快构建"一核+两翼+N产业链"格局，力争科技型中小企业达1200家、 高 ...

Core Viewpoint - The company is focusing on innovation-driven approaches to enhance core technologies and resource utilization in the oil and gas exploration and development sector, thereby strengthening national energy security [2]. Group 1: Innovation in Drilling Tools - The technical team is conducting 3D modeling analysis to address structural defects in traditional drill rods, which can lead to stress concentration and leakage accidents [3]. - New high-torque drill tools have been developed, significantly improving torque resistance by over 60% compared to conventional drill rods, while also reducing drilling fluid flow resistance [3]. - The new drill tools have completed operations on 14 wells, achieving a reduction in casing pressure by 1 to 1.5 MPa per kilometer and saving over 2000 kWh of electricity per day during drilling [3]. Group 2: Enhancing Exploration Efficiency - The company has established a collaborative innovation system that integrates production, learning, research, and application, promoting seamless connections between technology development and production needs [4]. - An intelligent well control system has been developed, improving emergency response speed by over 65% through a one-click shut-in feature [4]. Group 3: Accelerating Technology Application - A closed-loop mechanism has been created to ensure that frontline needs are met through technical breakthroughs and field validation, resulting in 23 improvement suggestions, with 15 already implemented [5]. - Innovations such as a high-capacity pressure testing vehicle and a tapered rubber core gate have been developed to enhance drilling efficiency and reduce operational time by 2 to 3 hours per well [5]. Group 4: Resource Optimization - The company is implementing a dual-track development model focusing on "remanufacturing + modification" to enhance cost efficiency [6]. - Over 100 old heavy drill rod joints have been remanufactured using friction welding technology, effectively extending the service life of drilling tools [6]. - New seamless integrated structures have been developed to improve the sealing strength and impact resistance of gas discharge pipelines, reducing leakage risks [6]. Group 5: Advanced Repair Techniques - Laser cladding technology is being utilized to repair worn-out drill tools, effectively restoring their load-bearing capacity and addressing risks associated with long-term use [7]. - The company aims to become a leading provider of drilling tool technology in the industry, continuously focusing on technological innovation to bolster national energy security [7].