Group 1: Economic and Investment Initiatives - The "China (Chongqing) - UAE Economic and Trade Investment Promotion Conference" was held in Chongqing, resulting in a memorandum of understanding between Chongqing and Ajman, focusing on bilateral industrial investment cooperation and the "Chongqing Vehicles Going Abroad" initiative [2] - The UAE's e-commerce market is projected to reach AED 32.3 billion (approximately USD 8.8 billion) in 2024, with expectations to exceed AED 50.6 billion (approximately USD 13.8 billion) by 2029, indicating significant growth potential in the sector [3] - The Dubai Industrial City has seen a more than 10% year-on-year increase in the number of companies since early 2024, with over 1,100 companies expected by year-end, highlighting its attractiveness for industrial investment [4] Group 2: Infrastructure and Logistics Developments - A new sea-rail intermodal service from Yiwu to Dubai has been launched, reducing the delivery time from 23 days to 17 days and lowering logistics costs by approximately 18% [3] - Faraday Future has officially received its factory and operations center in Ras Al Khaimah, UAE, which will support the production of its FF and FX models [3] - NMDC's subsidiary signed a memorandum of understanding with Jiangsu Huaying Valve Co., aiming to establish valve manufacturing facilities in the UAE to support the local energy sector [2] Group 3: Real Estate and Market Trends - The Dubai real estate market has seen a surge in international capital, with Q1 transactions of luxury properties reaching record highs, driven by a 70% increase in property prices over the past four years [6] - The Ras Al Khaimah Economic Zone announced two significant manufacturing projects, with a total investment exceeding AED 1.1 billion, aimed at enhancing the region's industrial capabilities [5] Group 4: Technological Advancements - OpenAI announced the "Stargate UAE" project, which will establish a 1GW data center cluster in Abu Dhabi, making the UAE the first country to implement ChatGPT nationwide [6] - The Abu Dhabi Technology Innovation Institute launched two AI models focused on Arabic language and lightweight applications, indicating a push towards localizing AI technology [5]

Market Overview - The valve market in Asia is experiencing robust growth, with the market size reaching $50 billion in 2024 and projected to double to $100 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.1% from 2025 to 2030. This growth is driven by ongoing economic development and large-scale investment activities in the region [2]. - Significant investments in oil and gas exploration in India, including the establishment of the country's first green hydrogen plant by Indian Oil Corporation, are creating new opportunities for the valve market [2]. Municipal Infrastructure Investment - Asian governments are increasing investments in urban wastewater treatment infrastructure to protect natural water bodies and promote water resource recycling, leading to a surge in demand for valves like butterfly valves in the water treatment sector. For instance, India's "Jal Jeevan Mission" aims to invest ₹3.5 trillion over five years to provide piped water to all rural households, further stimulating valve market demand [3]. Competitive Landscape - The competitive landscape of the Asian valve market is characterized by a diverse mix of local and international companies. Local firms dominate the mid-to-low-end market due to cost advantages and familiarity with local markets, while international brands maintain leadership in the high-end market through advanced technology and product quality [4]. - Notably, companies like Wofei Valve (Shanghai) Co., Ltd. are excelling in various sectors, including oil, chemicals, and renewable energy, with significant market shares in fire protection systems and data centers [3][4]. Technological Trends Smart Technology - The integration of IoT, big data, and AI is driving the trend towards smart valves in the Asian market. Smart valves enhance automation and operational efficiency by enabling remote monitoring and automatic adjustments based on real-time data [6]. - Wofei Valve is actively investing in R&D for smart valves, which can automatically adjust based on pressure and flow changes, thereby ensuring stable operations in gas transmission networks [6]. Green Technology - The development and application of green valves are becoming a market focus, emphasizing the use of eco-friendly materials and manufacturing processes to minimize environmental impact. These valves are designed to be energy-efficient and reduce leakage [7]. - Wofei Valve is committed to green practices, producing low-leakage valves that are widely used in industries with high environmental standards, such as chemicals and food and beverage [7]. High-End Manufacturing - The demand for high-end valves is increasing in Asia, particularly in sectors like nuclear power and deep-sea oil extraction, which require valves with high performance and reliability. Companies are investing in R&D to develop new materials and manufacturing processes [8]. - Wofei Valve has made significant strides in high-end valve manufacturing, producing specialized valves that meet stringent requirements in challenging environments, showcasing its technical capabilities [8]. Conclusion - The Asian valve market presents both opportunities and challenges, with continuous growth providing a broad development space for companies. However, intense competition and evolving technological demands necessitate that companies focus on market trends, enhance innovation, and improve product quality and service levels to succeed in this competitive landscape [8].

Core Viewpoint - The article analyzes the valve market, focusing on various types of valves such as ball valves, butterfly valves, gate valves, globe valves, oxygen valves, low-temperature valves, and high-pressure valves, with a particular emphasis on the performance of the WOFK brand in these sectors [1]. Group 1: Ball Valves - Ball valves are widely used in industries like oil, gas, and chemicals due to their simple structure, quick operation, and excellent sealing performance [2]. - WOFK's ball valves have a market share of 30% in data centers, ensuring safe and stable operations [3]. Group 2: Butterfly Valves - Butterfly valves are characterized by their lightweight and good flow control, suitable for HVAC, water supply, and petrochemical industries [4]. - WOFK's butterfly valves have a market share of 20% in the fire protection systems of new energy lithium battery factories, showcasing their strong performance [4]. Group 3: Gate Valves - Gate valves are commonly used in large-diameter pipelines for oil and gas transportation, offering good sealing and low fluid resistance [5]. - WOFK's gate valves have been verified to have low leakage rates under high pressure, ensuring safe and stable medium transportation [5]. Group 4: Globe Valves - Globe valves are known for their high precision in flow control and are used in industries requiring accurate pressure regulation [6]. - WOFK's globe valves are gaining recognition for their reliable performance and good sealing effects, with potential for increased market share [6]. Group 5: Oxygen Valves - Oxygen valves are designed for safety in oxygen medium pipelines, requiring strict manufacturing standards [7]. - WOFK is investing in R&D for oxygen valves to meet the specific requirements of industries using oxygen [7]. Group 6: Low-Temperature Valves - Low-temperature valves are essential in LNG and air separation industries, requiring materials that maintain strength at extremely low temperatures [8]. - WOFK's low-temperature valves are noted for their stable performance in LNG transport and storage projects [8]. Group 7: High-Pressure Valves - High-pressure valves are used in systems with pressures ranging from 10.0 MPa to 80.0 MPa, critical for oil, gas, and chemical industries [9][10]. - WOFK's high-performance valves can operate stably at pressures exceeding 100 MPa, ensuring no leakage [10]. Group 8: Market Trends and Outlook - The valve market is trending towards smart, green, and customized solutions, integrating IoT and AI technologies for better monitoring and efficiency [11]. - WOFK and other imported brands are expected to expand their market presence by innovating and optimizing products to meet local demands [11].

股票代码：002871 股票简称:伟隆股份 公告编号：2025-042 债券代码：127106 债券简称：伟隆转债 青岛伟隆阀门股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 一、股东大会审议通过利润分配方案情况 公司 2024 年年度股东大会审议通过的利润分配方案（以下简称"分配方案"） 为：以公司总股本 219,335,578 股扣除公司回购专用证券账户持有的 4,869,770 股后的 214,465,808 股为基数，向全体股东每 10 股派发现金红利 3.50 元（含税）， 共分配利润 75,063,032.80 元，送红股 0 股（含税），不以公积金转增股本。 配总额，后续在分配方案实施前公司股本若因新增股份上市、股权激励行权、可 转债转股、股份回购等原因发生变化的，将按照分配比例不变的原则对现金股利 总额进行相应调整。 二、本次实施的利润分配方案 （1）发放年度：2024 年度 （2）发放范围：截止 2025 年 5 月 28 日下午深圳证券交易所（以下简称"深 交所"）收市后，在中国证券登记结算有限责任公司深圳分公 ...

Core Points - Wang Shiwun has been elected as a director of Suzhou Neway Valve Co., Ltd. according to the resolution of the 2024 annual general meeting of shareholders [1] - Wang Shiwun has also been appointed as a member of the Audit Committee and the Compensation and Assessment Committee of the fifth board of directors [1] - As of the announcement date, Wang Shiwun does not hold any shares in the company [1] Summary of Wang Shiwun's Background - Wang Shiwun, born in 1969, is a Chinese national with a doctoral degree and serves as a master's supervisor and a member of the Suzhou Political Consultative Conference [1] - He has held various academic positions, including lecturer and deputy director at North China Institute of Technology from July 1994 to August 2002, and has been a professor at Suzhou University of Science and Technology since August 2002 [1] - Wang has served as an independent director for several companies, including Suzhou Yunzong Electronics Technology Co., Ltd. and Suzhou Kechuan Electronics Technology Co., Ltd., and has been involved with Kunshan Rural Commercial Bank and Suzhou Traffic Investment Group [1]

Meeting Details - The annual general meeting of Suzhou Neway Valve Co., Ltd. was held on May 15, 2025, at the meeting room located at 666 Taishan Road, Suzhou High-tech Zone, Jiangsu Province [1] - The meeting was presided over by the chairman, Mr. Lu Liangfeng, and complied with the provisions of the Company Law and the Articles of Association [1][3] - A total of 79.1446% of the shares were represented at the meeting [1] Voting Results - All non-cumulative voting proposals were approved with a high level of agreement, with the majority of votes in favor exceeding 99.99% for several proposals [1][2] - Specific voting results included: - Proposal 1: 608,229,686 votes in favor (99.9909%), 500 against (0.0000%), 54,700 abstentions (0.0091%) [1][2] - Proposal 2: 608,146,086 votes in favor (99.9771%), 500 against (0.0000%), 138,300 abstentions (0.0229%) [1] - Proposal 3: 607,484,832 votes in favor (99.8684%), 745,354 against (0.1225%), 54,700 abstentions (0.0091%) [2] Legal Compliance - The meeting's procedures and voting results were confirmed to be legal and valid by the attending lawyers, ensuring compliance with relevant laws and regulations [3][4]

Group 1: Financial Performance - The South Tong Valve Company reported a profit in Q1 2025, but its contribution to the listed company's profit is limited due to shareholding ratio and consolidation timing [2] - The company experienced a loss in Q1 2025 primarily due to the traditional off-season for the PCCP industry, with some northern bases not producing due to seasonal reasons [5] - The company's negative retained earnings in the 2024 consolidated financial statements prevent cash dividends, which could lead to delisting under current ST rules [4] Group 2: Business Strategy and Market Position - The company is focusing on pipeline and valve businesses, with plans to enhance market competitiveness through expansion into new areas [2] - The company is actively exploring downstream applications for PCCP materials, particularly in the nuclear power sector, although there are currently no application cases [3] - The company will assess the need for goodwill impairment based on the results of the goodwill impairment test during the reporting period [3] Group 3: Management and Governance - The company considers various factors, including operational performance and market salary levels, when determining executive compensation, which has been approved by the board and shareholders [3] - The company is in the process of evaluating the necessity of a stock issuance based on overall strategic planning and operational development needs [5]

Group 1: Company Overview and Strategy - The roadshow was organized by Founder Securities, with the company's Vice President and Secretary of the Board, Mr. Zhang Qiqiang, participating to introduce the company's basic situation and development strategy [2] - The company emphasizes compliance with the commitment letter and relevant regulations on information disclosure [2] Group 2: Project Timelines and Deliverables - The ten newly approved nuclear power units are expected to complete the valve equipment bidding phase by the end of 2025 to the first quarter of 2026, with delivery to occur in 2-3 years [3] - The bidding for valves required for the 2024 approved nuclear power units is ongoing, with deliveries expected in 2026 and 2027 [4] Group 3: Financial Performance and Profitability - The gross profit margin for nuclear power valve products in 2024 is reported at 36.75%, which is within the normal fluctuation range [5] - The company has implemented effective measures for accounts receivable management to mitigate bad debt risks, ensuring overall controllable repayment risks [10] Group 4: Market Position and Product Development - The company is focusing on the development of nuclear-grade valves and has diversified its product offerings, including various types of nuclear valves and filters [9] - The company aims to establish a specialized production base for marine valves, leveraging the industrial advantages of the Nantong marine engineering base [8] Group 5: Future Growth Areas - Future growth is concentrated in nuclear power, hydrogen energy, semiconductor equipment, and marine engineering, with ongoing R&D investments to maintain technological leadership [11] - The company is also exploring opportunities in nuclear fusion technology and has committed resources to develop specialized valves for nuclear energy applications [12] Group 6: International Expansion and Market Trends - The company is actively expanding its international business, focusing on markets in the Middle East and Southeast Asia, particularly in oil refining and gas extraction [13] - The shift towards clean energy presents new opportunities for the company, which plans to enhance production efficiency and competitiveness through technological innovation and smart manufacturing projects [14]

江苏神通阀门股份有限公司投资者关系活动记录表 证券代码：002438 证券简称：江苏神通 | | □特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □√路演活动 | | | □现场参观 | | | | □其他（电话调研） | | | 参与单位名称及 资产 | | 方正证券、岙夏投资、长盛基金、浙商证券、高毅资产、诺德基金、磐泽 | | 人员姓名 | | | | 时间 2025 | 年 5 月 13 日 | | | 地点 | 浦东丽晶酒店 | | | 上市公司接待人 | 副总裁、董事会秘书章其强先生 | | | 员姓名 | | | | 投资者关系活动 | 公司介绍了 2024 年度及 2025 | 年一季度生产经营情况以及未来发 | | 主要内容介绍 | 展趋势等。 | | | 附件清单（如有） 具体内容详见附件：2025 | 年 | 5 月 13 日投资者调研会议记录 | | 日期 2025 | 年 5 月 13 日 | | 编号：2025-006 ...

Core Viewpoint - The company is experiencing rapid growth in performance, with a significant increase in contract liabilities year-on-year, indicating a strong order backlog. The ongoing globalization and diversification strategies are supporting long-term growth [1][2]. Financial Performance - The company achieved a revenue of 6.238 billion yuan in 2024, representing a year-on-year increase of 12.50%, and a net profit attributable to shareholders of 1.156 billion yuan, up 60.10% year-on-year [2]. - In Q1 2025, the company reported a revenue of 1.556 billion yuan, a 14.44% increase year-on-year, and a net profit of 263 million yuan, reflecting a 33.52% year-on-year growth [2]. - The gross margin and net margin for 2024 were 38.10% and 18.69%, respectively, showing an increase of 6.70 percentage points and 5.44 percentage points year-on-year [2]. - For Q1 2025, the gross margin and net margin were 35.38% and 17.05%, respectively, with increases of 2.07 percentage points and 2.39 percentage points year-on-year [2]. Contract Liabilities and Cash Flow - By the end of 2024, the company's contract liabilities reached 354 million yuan, nearly doubling year-on-year, confirming a robust order backlog [3]. - The net operating cash flow for 2024 and Q1 2025 was 1.112 billion yuan and 325 million yuan, respectively, showing significant improvements of 74.50% and 415.91% year-on-year [3]. Globalization and Diversification Strategy - The company offers a comprehensive range of industrial valve solutions, including gate valves, globe valves, check valves, ball valves, butterfly valves, control valves, and nuclear valves, catering to diverse customer needs [4]. - The company is actively responding to market demands in emerging sectors such as renewable energy, nuclear power, and marine engineering, accelerating technological upgrades and achieving breakthroughs in key technology areas [4]. - The globalization strategy is advancing, with the establishment of sales subsidiaries or offices in over 90 countries across five continents, including North America, Europe, Southeast Asia, the Middle East, and West Africa [4]. - The company plans to invest approximately 11 million USD to establish a wholly-owned subsidiary in Saudi Arabia for local production capacity development [4].