Core Insights - A group of young scientists in Western China is actively contributing to national disaster prevention and ecological restoration, exploring cutting-edge technologies, and tackling global challenges [1][2][3] Group 1: Contributions to Ecological Restoration - The research focus includes breeding high-yield and disease-resistant grass species for ecological restoration in the Qinghai-Tibet Plateau, which is crucial for ecological security [1] - Over the past decade, significant innovations have been made in the field of grass breeding, with new varieties undergoing extensive production trials [1] Group 2: Tackling Technical Challenges - Researchers are addressing critical issues such as the erosion of fluid machinery in high-silt water resources, developing solid-liquid two-phase flow pumps that extend the lifespan of fluid machinery by over three times [2] - The commitment to align research with national needs is evident, as scientists aim to solve practical problems faced by the region [2] Group 3: Educational and Research Development - The establishment of a unique academic framework in Gansu Province focuses on disciplines relevant to Western China's development, including glaciology, Dunhuang studies, and ethnic studies [3] - The integration of advanced technologies, such as deep learning models in geographic information systems, is being pursued to enhance environmental management and ecological restoration efforts [2][3]

Core Viewpoint - The company achieved a revenue of 766 million yuan in 2024, representing a year-on-year growth of 1.47%, with a net profit attributable to shareholders of 40 million yuan, up 0.28% year-on-year, and a non-recurring net profit of 39 million yuan, increasing by 5.98% year-on-year [1] Group 1: Business Performance - The company faced challenges but focused on market expansion and project execution to ensure stable annual performance [2] - The Environmental Engineering Division achieved a revenue of 405 million yuan, a year-on-year increase of 36.39% [2] - The Refrigeration and Air Conditioning Division experienced a slight revenue decline of 0.23% [2] - The company is actively promoting core products in the Filtration and Separation Machinery Division and developing new clients in the Valve and Petroleum Equipment Division [2] Group 2: R&D and Strategic Focus - The company has a strong R&D foundation and is concentrating resources on its core fluid machinery business, having authorized 23 patents in 2024 [3] - The company is optimizing its plastic pipe business and gradually exiting it to focus on its main business, which is expected to accelerate growth in fluid machinery [3] Group 3: Financial Projections - The company revised its revenue forecasts for 2025-2027 to 867 million, 991 million, and 1.137 billion yuan, respectively, with net profit projections of 44 million, 50 million, and 57 million yuan [4] - The diluted EPS is projected to be 0.30, 0.34, and 0.39 yuan for the years 2025-2027 [4] Group 4: Investment Rating - The current stock price corresponds to PE multiples of 46, 41, and 36 times for the years 2025-2027, maintaining an "Accumulate" investment rating [5]

凯士比阀门 作为全球流体机械行业的领军企业，凯士比以其卓越的产品和服务引领行业发展。凯士比阀门在中国深耕多年，产品成功应用于 能源、石 化、通用工业、楼宇、水处理、船舶 等多个行业， 2024 年，凯士比阀门中国以非凡之姿，亮相 ，展示了多款明星阀门产 品，助力绿色可持续发展和中国的数字化、智能化转型。 凯士比阀门中国 于今年12月19-20日在 第十九届中国IDC产业年度大典（IDCC 2024） 展示了其在数据中心冷却系统的阀门解决方案。 展会上，凯士比特别展出了 ，特殊的设计让这款阀门在使用过程中 减少振动噪音 ，稳定运行 延长阀门的使用寿命 ，并且可提供 更精确的流量控制 和 更大的调节范围 。 除此之外，凯士比还可提供多款 蝶阀、球阀、闸阀 等，丰富的产品不仅可确保数据中心的高效运行，更 在 能源利用方面实现最大化 ，为数 字经济的蓬勃发展提供了坚实支撑。 百 rehlko IS TICH 定制化电力解决方案 为数据中心提供可靠电力保障 KSB-型 E 创理 f FI M IT ! 201 7 IV 线型 Hat F %3 -(GBA) KSB致力于为人们带来洁净水, 创建可持续的解决方案。 KSB ...