8月26日晚间，厦门象屿股份有限公司（下称"厦门象屿"，600057.SH）披露，控股子公司南通象屿海洋 装备股份有限公司（下称"象屿海装"）申请在全国中小企业股份转让系统（以下简称"新三板"）挂牌。 近期象屿海装已完成公司更名、注册资本增资等关键筹备工作，注册资本也从2.41亿元增至3.60亿元。 8月29日，厦门象屿回复《华夏时报》记者称，象屿海装未来的融资规划将根据新三板的相关法规要 求，"并综合考虑行业发展趋势、公司实际经营需求等多重因素，审慎论证并科学决策"。 今年上半年，由于部分订单转移至启东新船厂（即"启东象屿海洋装备有限责任公司"，下称"启东象屿 海装"），而该厂处于投产准备阶段，导致厦门象屿的造船业务营收31.92亿元，同比下降4.97%。厦门 象屿强调，这一情况将逐步改善：今年8月1日，启东象屿海装正式投产，目前已接单16艘，预计满产年 产值将突破30亿元。 2024年8月，象屿海装又斥资4.4亿元通过司法拍卖成功竞得江苏宏强船舶重工有限公司（下称"宏强重 工"）核心资产，包括房屋建筑物5.64万平米、码头1座、5万—10万吨级船台3座、长江岸线682.3米使用 权及相关设备、专利等。竞得 ...

Core Viewpoint - Guorui Technology (300600) has reported significant improvements in its financial metrics, including a record low debt-to-asset ratio, which has attracted attention from top global investment institutions, indicating a potential recovery and growth opportunity for the company [1][2]. Financial Performance - As of June 30, 2025, Guorui Technology's total assets reached 1.441 billion, an increase of 17.24% compared to the end of the previous year; net assets were 1.233 billion, up 22.99% [2] - The debt-to-asset ratio decreased to 14.36%, down 3.96 percentage points from the end of last year, marking the lowest level since 2019 [2] - The company has optimized its capital structure by reducing debt and maintaining a strong cash flow, with a net increase of 88.958 million in cash and cash equivalents during the reporting period [2] - The company operates with a "net cash" status, where interest income exceeds interest expenses, indicating a healthy liquidity position [2] Institutional Investment - Notable global institutions such as Barclays, Morgan Stanley, and Goldman Sachs have newly entered the shareholder list, collectively holding 5.13 million shares, representing 1.75% of the total shares [3] - The presence of these top foreign investors suggests a confirmation of the company's reduced financial risks and a bet on the long-term value of the ship electrical sector [3] Industry Context - The shipbuilding industry is experiencing a cyclical uptrend, with China benefiting significantly, becoming the world's largest shipbuilding nation [3] - Guorui Technology is a rare player in the A-share market focused on ship electrical systems, positioning it to benefit from the current market conditions [3] - The company's main products include ship power distribution systems and engine room automation systems, aiming to become a leading provider of maritime electrical and automation solutions [3] Shareholder Background - The controlling shareholder of Guorui Technology is Zhejiang Second Light Group Co., Ltd., with actual control by the Zhejiang State-owned Assets Supervision and Administration Commission [4] - As of the end of 2023, Zhejiang's state-owned enterprises had total assets of nearly 22 trillion, indicating strong backing for the company's future development [4]