Core Viewpoint - The KSB Group's commitment to craftsmanship and quality is exemplified through the 2025 KSB Shanghai Welding & Coating Skills Competition, which serves as a platform for talent development and innovation in the manufacturing industry [2][5]. Group 1: Event Overview - The KSB Shanghai Pump Company Chemical Engineering Pump Factory grand opening took place on May 6, marking the start of the skills competition focused on welding and coating [2]. - The event was attended by KSB Group's global and regional executives, highlighting the importance of craftsmanship and the company's dedication to quality [2]. Group 2: Importance of Skills - Welding is described as the "precision stitching art" of metals, while coating is referred to as the "aesthetic armor" of industrial products, emphasizing the significance of these skills in manufacturing [5]. - The skills competition is seen as a "touchstone" for technical proficiency and a "hatchery" for outstanding talent, aiming to inspire employees to showcase the spirit of modern craftsmanship [5]. Group 3: Commitment and Responsibility - A solemn oath was taken by the judges to uphold fairness and professionalism, while competitors pledged to focus on precision and excellence in their craft [7][9]. - This commitment reflects KSB's deep understanding and relentless pursuit of craftsmanship [9]. Group 4: Competition Highlights - The atmosphere in the welding competition area became tense as the event commenced, with participants fully engaged in their tasks [10]. - The competitors demonstrated exceptional skills, producing uniform and dense welds that resembled finely crafted "metal necklaces" [14]. - Judges meticulously observed every detail of the competitors' techniques, from starting the arc to finishing the weld, indicating the high standards of the competition [16]. Group 5: Cultural Significance - The KSB "Craftsman" Skills Competition is not only a platform for employees to showcase their talents but also a crucial initiative for building corporate culture and team cohesion [19]. - Each moment of skill displayed during the competition contributes to the overall excellence of KSB products and enhances the company's brand image as an industry leader [19].

Core Viewpoint - The company has observed a recovery in downstream demand during the European trade shows in March, attributed to the stabilization of the European economy and interest rate cuts [1] Group 1: Company Insights - The company identifies the European market as one of its primary export markets [1] - The company anticipates that further deepening of cooperation between China and Europe will create favorable external conditions for business development [1] Group 2: Industry Context - The European economy is showing signs of stabilization and recovery, which is positively impacting demand in related sectors [1]

Group 1 - The company, KSB Shanghai, was established in 1994 and is located in the Minhang Development Zone of Shanghai [3] - KSB Shanghai aims to become a world-class supplier of pumps, systems, digital products, and services [3] - The company's mission focuses on continuous innovation and localization, promoting sustainable development to improve human life and the environment [3]

Group 1: Financial Performance - In 2024, the company reported a revenue of 21.171 billion, an increase of 3.41% year-on-year, and a net profit attributable to shareholders of 1.61 billion, up 193.35% year-on-year [1] - For Q1 2025, the company achieved a revenue of 4.759 billion and a net profit of 1.08 billion, reflecting a growth of 145.39% year-on-year [1] Group 2: Strategic Initiatives - The company has launched a strategic plan for 2025-2030 focusing on continuous innovation, efficient operations, and exceptional talent to enhance competitiveness, with an emphasis on deep AI application [2] - AI technology is transforming the pump industry, enhancing product design, production, and operation efficiency, with the company’s 5G-connected factory recognized as a benchmark in the industry [2] Group 3: Digital Marketing Innovations - The company is advancing AI applications in digital marketing, achieving significant improvements in content production and advertising efficiency through a comprehensive AI tool matrix [3] - The digital marketing division has received multiple industry accolades for its AI innovations and is actively participating in the development of industry standards for AI in advertising [3] Group 4: Future Outlook - The company aims to continue its innovation-driven development strategy, further solidifying its leadership in both traditional manufacturing and digital marketing sectors for sustainable high-quality growth [4]

一、主要会计数据和财务指标 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 3691.79万股，累计占流通股比： 47.62%，较上期变化： -210.73万股。 | 名称 | 持有数量(万股) | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 温岭市地久电子科技有限公司 | 1800.00 | 23.22 | 不变 | | 陈宜文 | 453.75 | 5.85 | 不变 | | 毛世俊 | 231.28 | 2.98 | 不变 | | 毛世良 | 210.00 | 2.71 | -67.99 | | 温岭市宏泰投资合伙企业(有限合伙) | 200.00 | 2.58 | 不变 | | 邵雨田 | 191.39 | 2.47 | 不变 | | 温岭市益泰投资合伙企业(有限合伙) | 185.00 | 2.39 | 不变 | | 潘军平 | 152.66 | 1.97 | -3.10 | | 李勇 | 151.18 | 1.95 | -84.54 | | 赵林森 | 116.53 | 1.50 | 新进 | | | 较上个报告期退出前十大股 ...

Financial Performance - The basic earnings per share for 2024 is 1.5400 yuan, a decrease of 9.94% compared to 2023's 1.7100 yuan [1] - The net profit for 2024 is 2.55 billion yuan, down 10.53% from 2.85 billion yuan in 2023 [1] - The return on equity for 2024 is 15.35%, a decline of 12.83% from 17.61% in 2023 [1] - The total operating revenue for 2024 is 19.09 billion yuan, reflecting a 1.6% increase from 18.79 billion yuan in 2023 [1] - The net asset per share has dropped to 0 yuan in 2024, a 100% decrease from 9.74 yuan in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 11,686.14 million shares, accounting for 70.93% of the circulating shares, with an increase of 1,336.5 million shares compared to the previous period [1] - Major shareholders include Han Yuan Zai, Han Yuan Ping, Han Yuan Fu, and Wang Guo Liang, each holding 2,108.96 million shares, representing 12.80% of the total share capital [2] - Shanghai Hongshang Asset Management Center holds 571.95 million shares, with an increase of 163.93 million shares [2] - Notable changes include the exit of Tianhong Duoyuan Income A from the top ten shareholders [2]

﹝共探智慧泵站新方案﹞ 携手山东建筑大学 在智慧城市与数字化转型加速推进的背景下 泵站 作为城市水务系统中的关键基础设施 其 智能化升级 正成为行业发展的核心命题 近日，上海凯士比泵有限公司水业务事业部与山东建筑大学市政与环境工程学院联合举办 "2025 年凯士比智慧泵站研讨会" ，共同探讨智慧泵站技术发展新趋势，推动产学研深度融合。 本次研讨会在山东建筑大学举行，吸引了众多专家学者与企业代表参与。围绕 " " 这一 核心议题，双方 从理论研究到工程实践 ，展开了深入交流，聚焦数字化技术如何提升泵站的运行 效率与可持续性。 山东建筑大学市政与环境工程学院在 绿色建筑、智慧市政工程 等领域具有深厚的科研基础。研讨 会上，学校专家从 大数据分析、智能控制、模拟仿真 等角度，深入剖析了智慧泵站当前面临的关 键技术挑战，为凯士比提供了重要的理论支持和创新思路。 作为拥有150余年历史的流体设备专家，KSB在全球多个标志性水务项目中积累了丰富的实践经 验。从纽约的 、新加坡的 ，到柏林的 、上海的 ， KSB 始终以高效可靠的产品与服务，助力全球城市水系统的稳定运行 。 高校的前沿研究与企业的工程实践在此次交流中实现了 ...

Core Viewpoint - Junhe Co., Ltd. reported significant growth in 2024, with revenue reaching 1.111 billion yuan and net profit at 79.4481 million yuan, representing year-on-year increases of 54.62% and 116.96% respectively, with a remarkable 726% increase in non-recurring net profit [1] Group 1: Financial Performance - The company achieved a revenue increase of approximately 88% from its online brand development on platforms like Amazon [1] - The revenue from domestic sales and online sales reached 58.41 million yuan and 38.02 million yuan, showing year-on-year growth of 62% and 87% respectively [1] - Direct and indirect export revenues were 678 million yuan and 307 million yuan, with year-on-year increases of 52% and 58% respectively [1] Group 2: Market Expansion and Strategy - In 2024, Junhe Co., Ltd. opened its first offline store in January, and by September, it had established a total of 7 stores, marking the formation of a complete sales ecosystem [2] - The company intensified customer engagement in North America and Europe, participated in international exhibitions, and established subsidiaries in countries like Thailand, Indonesia, and Russia [2] - A planned investment of 200 million yuan for a factory in Thailand aims to enhance the global supply chain, with production expected to commence by late 2025 [2] Group 3: Industry Trends - The household water pump market is characterized by stable demand, primarily concentrated in developed regions such as Europe, America, and Oceania [3] - The global pump industry is highly concentrated, with major players located in the Americas and Europe, which dominate both supply and demand for high-end pump products [3] - Junhe Co., Ltd. aims to stand out in the global market through a comprehensive product line, market insight, and innovative strategies, establishing itself as a leader in the industry [3] Group 4: Product Development - The company has developed several new products, including the WQD sewage pump, which is lighter and more efficient, and the QDX6-15-0.55PH265 high-lift clean water pump, known for its compact size and low noise [4] - Junhe Co., Ltd. is committed to becoming a globally influential smart manufacturing brand, focusing on technological advancement and sustainable development in the water pump industry [4]

在智慧城市与数字化转型加速推进的背景下 泵站 作为城市水务系统中的关键基础设施 其 智能化升级 正成为行业发展的核心命题 ﹝共探智慧泵站新方案﹞ 携手山东建筑大学 近日，上海凯士比泵有限公司水业务事业部与山东建筑大学市政与环境工程学院联合举办 "2025 年凯士比智慧泵站研讨会" ，共同探讨智慧泵站技术发展新趋势，推动产学研深度融合。 本次研讨会在山东建筑大学举行，吸引了众多专家学者与企业代表参与。围绕 " " 这一 核心议题，双方 从理论研究到工程实践 ，展开了深入交流，聚焦数字化技术如何提升泵站的运行 效率与可持续性。 作为拥有150余年历史的流体设备专家，KSB在全球多个标志性水务项目中积累了丰富的实践经 验。从纽约的 、新加坡的 ，到柏林的 、上海的 ， KSB 始终以高效可靠的产品与服务，助力全球城市水系统的稳定运行 。 在研讨会上，凯士比上海代表详细介绍了其在智慧泵站领域的领先实践，特别是在泵站数字化设 计、智能运维和能效优化方面的应用成果。公司展示了多项创新产品，如 凯士比自主研发的智能 运维产品 、泵智能监测系统 PumpMeter 、高能效电机、针对复杂介质的叶轮设计 等，赢得了与会专家学者 ...

Group 1: Sales and Revenue - In 2024, the company's export business accounted for 53% of total receivables, with a gross profit margin of 39.13% [1][2] - The net profit for 2024 was 442 million yuan, representing a year-on-year growth of 15.30% [6] - The sales revenue from the U.S. market is uncertain, with expectations for 2025 indicating a potential decline of 15% to an increase of 5% [9] Group 2: Market Strategy and Competition - The company is focusing on expanding its market presence in Europe, Asia, the Middle East, and Southeast Asia to mitigate the impact of U.S. tariffs [1][5] - There is no plan for overseas production capacity at this time, despite the challenges posed by U.S. tariffs [5][12] - The company emphasizes that its products differ from those of its affiliate, Lingheng Electric, thus avoiding direct competition [2][4] Group 3: Product Development and Innovation - The company has developed a range of new products, including stainless steel pumps and specialized pumps for various applications [5][14] - Continuous training programs are conducted to enhance the technical skills of employees, ensuring ongoing innovation [5] - The company aims to maintain a focus on high-efficiency, energy-saving, and intelligent product development [8][9] Group 4: Financial Management and Shareholder Relations - The company is committed to maximizing shareholder value through a long-term profit distribution policy [2][6] - There are no current plans for share buybacks or significant shareholding increases by major shareholders [9][10] - The company actively manages financial risks and costs to ensure sustainable growth [5][9]