证券日报网讯 江苏神通8月27日发布公告，在公司回答调研者提问时表示，当前，公司2024年二季度启 动实施的原募投项目——高端阀门智能制造项目土建工程已完工，正在施工室外配套和给排水等附属工 程，下一步即将进入设备安装和调试阶段，预计2025年底前可陆续投入试生产。 （编辑 袁冠琳） ...

证券日报网讯江苏神通（002438）8月27日发布公告，在公司回答调研者提问时表示，钢铁冶金行业景 气度下降，导致冶金的阀门产品市场需求减少、竞争激烈。面对这一挑战，公司加强了产品研发和工艺 创新，推动降本增效措施落实，同时加大"阀门管家"服务的营销推广，以提高品牌影响力和市场份额； 全球及国内化工、炼化行业资本开支节奏放缓，导致公司能源化工类产品市场竞争加剧，公司将继续在 能源化工领域投入研发，创新营销模式，逐步提升能源石化领域阀门产品的市占率。 ...

（一）激励对象的公示情况 名和职务。公示期间 2025 年 8 月 18 日至 2025 年 8 月 27 日，共计 10 天，公司 员工可通过书面及通讯方式向公司董事会薪酬与考核委员会反馈意见。截至公 示期满，公司董事会薪酬与考核委员会未收到任何人或组织对本次激励对象提 出的异议。 青岛伟隆阀门股份有限公司 董事会薪酬与考核委员会 关于公司 2025 年限制性股票激励计划激励对象名单 公示情况的说明及核查意见 青岛伟隆阀门股份有限公司(以下简称"公司")于 2025 年 8 月 15 日召开 第五届董事会第十四次会议、第五届监事会第十二次会议，审议通过了《关于< 公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》等议案。根据 《上市公司股权激励管理办法》(以下简称"《管理办法》")、《深圳证券交 易所上市公司自律监管指南第 1 号——业务办理》（以下简称"《自律监管指 南第 1 号》"）和《青岛伟隆阀门股份有限公司章程》(以下简称"《公司章 程》")等有关规定，公司将《公司 2025 年限制性股票激励计划（草案）》(以 下简称"《激励计划(草案)》")激励对象的姓名和职务在公司内部进行了公 示， ...

半年报显示，截至上半年末公司股东总数为7402户，与前一季度相比，股东户数增加420户，增幅为 6.02%。 从市场表现来看，该股最新收盘价为22.69元，近5日累计下跌0.09%，合计换手率56.98%。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 公司半年报显示，上半年营业收入为3.90亿元，同比下降3.97%，净利润为4543.71万元，同比增长 23.12%，每股收益为0.3100元，加权平均净资产收益率8.62%。 公司主要从事工业阀门的设计、制造和销售。 方正阀门（920082）公布半年报分配预案，拟10派0.7元（含税）。本次权益分派预计派发现金红利 1017.49万元。 ...

内容概要：开关阀是一种通过启闭件控制流体通断的工业设备，属于阀门式样的开关。阀门行业是我国 机械制造业中的一个重要领域，而机械制造业是实体经济的重要组成部分。近年来，国家及相关部门不 断出台一系列政策，推动我国阀门行业发展。开关阀广泛应用于石油、化工、电力、冶金、环保、水处 理等传统行业，随着工业自动化的推进，电动、气动等自动化开关阀的市场需求正逐步扩大，同时在新 能源、生物医药、环保、电子半导体等新兴领域的应用也在不断拓展。2024年，我国开关阀市场规模从 2016年的116.2亿元增长至212.3亿元，预计2025年我国开关阀市场规模有望达到262.7亿元，预计2031年 有望突破400亿元。 开关阀的分类方式多样，按驱动方式也是最常见的分类方式可以分为手动开关阀、气动开关阀、电动开 关阀、液动开关阀。 上市企业：纽威股份(603699)、中核苏阀(000777)、上海冠龙阀门（301151）、江苏神通(002438)、永盛 科技(874497)、方正阀门(920082)、浙江力诺(300838) 相关企业：烟台金泰美林科技股份有限公司、浙江中德自控科技股份有限公司、上海永项阀门制造有限 公司、大连大高阀 ...

公司发布2025 年半年度报告：2025 年半年度公司实现营收10.68 亿元，同比增长1.52%；分别实现归母/ 扣非归母净利润1.50/1.38 亿元，同比分别增长4.72%/8.54%。其中第二季度公司实现收入4.91 亿元，同 比增长1.90%，实现归母/扣非归母净利润分别为0.61/0.48 亿元，同比分别增长1.61%/2.59%。 新增订单总体保持稳定，核电机组产品逐步交付核电业务方面，核电业务新增订单总体保持稳定，已成 为公司增长的核心驱动力。2025 年上半年，公司取得新增订单10.72 亿元，其中神通核能4.83 亿元，占 比45%。相比于2024 年上半年的新增订单12.08 亿元（神通核能5.04 亿元），2025 年核电新增订单同比 下降4.17%。2025 年通过审批的10 台新机组项目的阀门设备招标阶段工作预计本年底至2026 年初将逐 步完成，并需2-3 年完成产品交付。单价方面，核电机组阀门订单价值突破8000 万元。此外公司全资子 公司无锡法兰在单个核电机组提供的核电法兰及锻件订单也超过了2000 万元。公司现已构建起覆盖核 级蝶阀、球阀、地坑过滤器、核级仪表阀、隔膜阀、调 ...

· 中小企业：国内数量众多的中小型企业主要集中在福建、江苏等地，它们多凭借价格优势和快速响应客户需求的能力，专注于本地区市场或特定细分领 域，产品主要应用于民用、轻工业等对阀门要求相对较低的领域，在中低端市场展开激烈竞争。 根据《2025 年中国整体斜面球阀市场调查研究报告》，截至 2025 年，国内前十大斜面球阀制造企业合计占据约 62.7% 的市场份额，其中排名前三的企业分 别为福建德特森阀门有限公司、上品森（江苏）阀门有限公司以及福建森科阀门制造有限公司，三家企业的合计市场占有率约为 38.4%。 倾斜式球阀市场的主要参与者包括国际知名企业、国内大型企业和众多中小企业，具体如下： · 国际知名企业：如德特森（DETESEN），凭借强大的技术研发实力、广泛的全球销售网络和较高的品牌知名度，在高端倾斜式球阀市场占据主导地位，其 产品主要应用于石油、化工、电力等对阀门性能要求极高的行业。 · 国内大型企业：像福建德特森阀门有限公司等，具备一定技术研发和生产规模，产品质量逐步提升，既能满足国内中高端市场需求，也在积极拓展国际市 场，在国内市场和部分国际市场中与国际企业展开竞争。 ...

其中，纽威流体二期高端精密阀门扩产项目预计投资5亿元，扩增高端工业阀门智能生产线等，达产后 新增年产值可达8亿元。和林微纳三期手机光学镜头组件及半导体封测业务扩产项目计划总投资7.6亿 元，用于手机光学镜头组件、半导体封测业务的扩产，达产后新增年产值可达8.7亿元。计划总投资6亿 元的珂玛科技（301611）二期先进陶瓷结构功能模块化产品扩产项目，则将全部用于生产先进陶瓷结构 功能模块化产品，预计新增年产值将达到6亿元以上。毫厘电子二期电力电子液冷产品扩产项目计划投 资5.5亿元，将建设各类液冷产线15条，预计新增年产各类冷板100万片，达产后新增年产值可达8亿 元。 此次签约项目都是太湖科学城功能片区的"老朋友"，涵盖光子、智能制造等新兴领域，计划新增工业用 地198.62亩，预计投产后将实现年产值31亿元。 本报讯(轲晓渚)8月18日，苏州高新区太湖科学城重点项目增资扩产签约仪式举行，总投资24.1亿元的优 质产业项目落地，为地区光子、智能制造等产业强链、补链、延链。 ...

Group 1: Rongke Energy - Rongke Energy has developed the world's first 100 MW large-scale vanadium flow battery energy storage demonstration project, which serves as a technical benchmark in long-duration energy storage [12] - The company has established a comprehensive patent portfolio covering key aspects of the energy storage industry, positioning itself as a leader in the global energy storage technology competition [12][15] - In 2022, Rongke Energy completed a Series A financing round and subsequently raised over 5.48 billion yuan in Series C financing, primarily for capacity expansion and R&D investment [15][16] - The company has built the world's largest vanadium flow battery key materials and equipment manufacturing base, with a projected output value exceeding 1 billion yuan in 2024 [16] - Rongke Energy's vanadium flow battery technology is recognized for its long lifespan of over 25 years and high safety, making it a viable solution for large-scale renewable energy integration [13][17] Group 2: Li'anlong - Li'anlong is a leading global supplier of polymer material aging resistance additives, with a focus on transitioning from industrial additives to health consumer products [19][20] - The company has established a comprehensive logistics and sales network, serving over 100 of the world's top 500 companies [20] - Li'anlong's products are widely used in various sectors, including automotive, coatings, and packaging materials, contributing significantly to its profitability [20][21] - The company has invested over 50 million yuan in automation and digital systems to enhance safety and operational efficiency in its production processes [22][23] - Li'anlong emphasizes green development and has implemented extensive environmental protection measures, ensuring compliance with high environmental standards [25][26] Group 3: Baoma Xingqing - Baoma Xingqing has transformed from a traditional iron alloy producer to a leading supplier of special casting materials, focusing on high-value-added products [36][37] - The company has developed over 100 types of multi-element alloy inoculants, achieving a 30% market share in China's special casting materials sector [39] - Baoma Xingqing has implemented a "waste-to-resource" strategy, recycling industrial waste to create new products, significantly reducing production costs [40][41] - The company has invested in advanced equipment and technology to enhance precision manufacturing and meet customer-specific requirements [42][43] - Baoma Xingqing's revenue increased by 23% year-on-year, demonstrating resilience and adaptability in a competitive market environment [43]

Summary of Nuwei Co., Ltd. Conference Call Company Overview - Nuwei Co., Ltd. primarily operates in the oil and gas sector, with traditional oil and gas business accounting for 85% of its operations. The global oil and gas industry capital expenditure remains stable at $600-700 billion, providing a solid foundation for growth opportunities in the Middle East market, particularly benefiting from increased capital expenditure by Saudi Aramco [2][3][7]. Key Points and Arguments Oil and Gas Business Performance - Nuwei's oil and gas valve business covers upstream extraction, midstream storage, and downstream refining. The company has seen strong growth due to increased investment across the Middle East oil and gas value chain and a favorable marine engineering market [3][5]. - The company holds a small market share globally but has significant room for growth, especially in the Middle East, where Saudi Aramco's capital expenditure is expected to rise [3][7]. - Nuwei's revenue from overseas markets is increasing, with projections indicating that marine engineering will account for 15-20% of total orders by 2024 [3][9]. Non-Oil and Gas Business Expansion - To mitigate oil and gas cycle fluctuations, Nuwei is actively expanding into non-oil and gas sectors, such as water treatment and nuclear power, which contributed 13% to overall orders in 2024 [2][5]. - The water treatment and power markets are both valued at over $10 billion, presenting substantial growth opportunities for the company [2][5]. Natural Gas Investment in the Middle East - The Middle East holds approximately 35% of global natural gas reserves, and countries in the region are investing in natural gas power generation to address future fossil fuel demand risks [6][7]. - The region's investment in LNG supply chains is expected to grow, driven by increased demand for electricity and natural gas due to data center developments [6][7]. Market Share and Competitive Position - Nuwei's market share in Saudi Aramco is currently below 3%, but there is potential for growth as product quality and service levels improve [7][8]. - The company has successfully penetrated overseas markets due to oil price volatility, increased demand for cost-effective solutions, and enhanced supply chain security [8][10]. Marine Engineering and Shipbuilding Prospects - Nuwei's marine engineering segment is projected to grow significantly, with FPSO and LNG transport vessel valves expected to account for 15-20% of total orders by 2024 [9][10]. - The company has a market share of approximately 10% in FPSO orders, with significant growth potential as demand is forecasted to reach $650 million annually from 2025 to 2027 [9][10]. Emerging Business Developments - Nuwei has been expanding its water treatment business, focusing on wastewater treatment and seawater desalination, with a projected order intake of 300 million RMB in 2024 [12][13]. - The company is also entering the data center market, having secured a project with Google in Europe valued at approximately €2 million [12][13]. Nuclear Power Sector Engagement - Nuwei has over a decade of experience in the nuclear power sector, with orders expected to double in 2025. The company plans to expand its product offerings to include ball and butterfly valves [15][16]. - Participation in international projects, such as those in the UK, is expected to enhance Nuwei's market presence and contribute to overall revenue growth [15][16]. Additional Important Insights - Nuwei's traditional business is expected to maintain a compound annual growth rate (CAGR) of over 20%, with projected profits of approximately 1.5 billion RMB in 2025 [3][16]. - The company aims to achieve a revenue target of 10 billion RMB by 2028, with a commitment to maintaining a high dividend payout [16].