在杨凌这片生机勃发的热土上，闪耀着一群昂扬奋进的企业家，他们或是从五湖四海汇聚而来，或是在家乡杨凌深深扎根，他们怀揣着炽热的创业激情与 坚定的发展信念，敢为人先、锐意进取，风雨兼程、砥砺前行，在农科城沃土上奋力书写着壮丽篇章。 杨凌示范区党工委统战部、杨凌示范区工商联联合杨凌农科传媒集团特推出"致敬杨凌企业家"系列报道，展示部分优秀企业家代表，向所有为杨凌发展倾 注智慧与汗水的企业家们，致以最崇高的敬意。 冬日清晨，地上的白霜还未褪去，散发着阵阵寒意。而在杨凌天工实业有限公司钢花飞溅的厂房里，早已热闹了起来。激光切割机精准作业，蓝色弧光一 闪而过，厚实的钢板瞬间被切割成规整形状；数控折弯机沉稳运行，金属板材在机械臂操控下折出标准角度。 企业负责人张纪强头戴安全帽，卷起袖口，指尖轻抚刚刚下线的充电桩钣金壳体，指腹摩挲着光滑表面，眼角皱纹里漾着欣慰笑意。"这玩意儿现在占公 司营收三分之二，是咱闯出来的新活路。"这位年近七旬的民营企业家，言语质朴却透着不服输的韧劲。 编者按： 从西农路不足20平米的小电焊铺，到如今占地50亩、西部规模最大的钢制家具生产企业、省内充电桩配套领域的龙头企业，张纪强用四十年匠心，在钢与 ...

Core Viewpoint - The company held a Q3 2025 earnings briefing to address investor concerns regarding its financial performance and future projects, highlighting both challenges and strategic responses in its operations [1][3]. Group 1: Financial Impact and Revenue - The revenue from the Weilai Expressway is expected to decrease by 345 million yuan in 2025 due to the cessation of tolls after its completion in October 2024 [3]. - The Jihe Expressway saw a significant revenue increase of 178.59% year-on-year due to the restoration of two-way traffic, while the Jingtai Expressway experienced a revenue decline of 7.94% primarily due to the expiration of tolls on a connecting line [3]. Group 2: Project Progress and Challenges - The Jingtai Expressway project is progressing normally, with 97.5% of the roadbed completed, although building and electromechanical works lag behind at 57% and 50% respectively, which will not affect the planned opening [3]. - The company is exploring measures such as "highway + cultural tourism" and customized services to enhance overall road network utilization [3]. Group 3: Innovation and R&D - The company is focusing on "smart highways" and "green low-carbon" technologies, although its R&D expense ratio is currently at 1.76% [4]. - Innovations in infrastructure digital transformation and all-weather traffic are already contributing to cost reduction and efficiency improvements [4]. Group 4: Capital Structure and Shareholder Returns - The company has experienced high capital expenditures and rising debt levels due to extensive infrastructure projects since 2016, but plans to gradually reduce its debt ratio as projects are completed and operational [4]. - Future strategies may include asset securitization or attracting strategic investors to optimize the capital structure [4]. Group 5: Profitability and Margin Management - The gross profit margin increased by 4.8 percentage points to 31.09% year-on-year, mainly due to a reduction in low-margin PPP construction revenue [5]. - The company aims to maintain profitability by focusing on core operations and exploring new profit growth points within the industry [5].

Core Insights - The 2025 Chinese valve industry is characterized by a "dual-track" model, with East China brands leading high-end energy sectors through technology-intensive and globalized strategies, while South China brands focus on smart scene innovations in municipal and emerging markets [18] Group 1: Leading Brands - Suzhou Neway Valve is recognized as a technical benchmark, dominating the deep-sea oil and gas sector with the world's first 1500-meter deep-sea ball valve, certified to withstand 25000 psi [1][13] - China Nuclear Suval Technology is the only domestic company with full qualifications for nuclear-grade valves, achieving over 90% localization in third-generation nuclear power valves [3] - Jiangsu Shentong Valve holds a 53% market share in nuclear butterfly valves and has a 70MPa hydrogen refueling valve certified by Germany's TÜV [5] Group 2: Specialized Brands - Shanghai Guanlong Valve leads in the municipal water sector, with smart control valves covering 80% of municipal water supply projects and IoT technology reducing energy consumption by 30% [7] - Shanghai Qizhong Valve specializes in corrosion-resistant valves made from titanium and Hastelloy, with military products included in national procurement lists [9] - Sanhua Holdings Group dominates the thermal management valve market for new energy vehicles, holding a 38% global market share [11] Group 3: Technological Breakthroughs - The thorium-based molten salt reactor control valve has achieved a 57% reduction in production costs and has received IAEA certification [6] - Jiangsu Shentong's 70MPa hydrogen refueling valve has achieved a significant breakthrough in domestic production and has been certified by Germany's TÜV [14] - The AI health monitoring system from Di Ai Zhi Control has reduced failure rates by 62%, covering the entire lifecycle management of water supply networks [15] Group 4: Market Trends and Regional Competitiveness - High-end technology is concentrated in East China (Yangtze River Delta), where companies dominate nuclear power and deep-sea oil and gas sectors, with leading brands achieving over 40% of overseas revenue [16] - Specialized markets in South China (Pearl River Delta) focus on smart water management and IoT technologies, with municipal project coverage exceeding 80% and accelerating expansion into Southeast Asia [17]