Group 1 - The board of directors of Qinglong Pipe Industry Group Co., Ltd. held its 18th meeting of the 6th session, where several key resolutions were passed [1][2][3] - The meeting approved the full text and summary of the 2025 semi-annual report with a unanimous vote of 9 in favor, 0 against, and 0 abstentions [1][3] - The board approved the proposal to cancel the supervisory board and amend the company's articles of association, also with a unanimous vote [1][2] - The board reviewed and approved the proposal to formulate, revise, and abolish certain internal systems of the company to align with the latest laws and regulations, achieving a unanimous vote [2][3] - The board resolved to terminate the simplified procedure for issuing shares to specific targets, again with a unanimous vote [3] - A proposal to convene the second extraordinary general meeting of shareholders in 2025 was also approved unanimously [3][4] Group 2 - The resolutions passed during the meeting will be submitted for review at the company's shareholders' meeting, indicating ongoing governance and compliance efforts [2][3] - The meeting was conducted in accordance with the company's articles of association and relevant regulations, ensuring procedural integrity [1][2]

Meeting Overview - The sixth meeting of the supervisory board was held on August 11, 2025, with a combination of on-site and remote voting [1] - The meeting reviewed several proposals, all of which received unanimous approval from the supervisory board members [1][2] Financial Report - The supervisory board approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's actual situation without any false records or misleading statements [1][2] Structural Changes - A proposal to cancel the supervisory board and amend the company's articles of association was approved, with the board's audit committee to assume the supervisory board's responsibilities [2] - This change aligns with the latest legal requirements and aims to enhance the company's operational standards [2] Policy Amendments - The supervisory board approved the formulation, revision, and abolition of several company policies, including the revision of the shareholder meeting rules and the abolition of the supervisory meeting rules [2] - These amendments are in accordance with relevant laws and regulations, tailored to the company's actual circumstances [2] Stock Issuance - The board approved the termination of the simplified procedure for issuing stocks to specific targets, confirming that this decision will not adversely affect the company's daily operations or the interests of shareholders, especially minority shareholders [3]

证券代码：002457 证券简称：青龙管业 公告编号：2025-048 青龙管业集团股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确、完整，没 有虚假记载、误导性陈述或者重大遗漏。 青龙管业集团股份有限公司（以下简称"公司"）于 2025 年 8 月 20 日召开 了第六届董事会第十八次会议和第六届监事会第十二次会议，审议通过了《关于 终止以简易程序向特定对象发行股票事项的议案》，现将有关情况公告如下： 一、公司以简易程序向特定对象发行股票的基本情况 次会议和 2024 年年度股东会，审议通过了《关于提请股东会授权董事会办理以 简易程序向特定对象发行股票的议案》。 二、终止以简易程序向特定对象发行股票事项的原因 自公司公告以简易程序向特定对象发行股票事项以来，公司董事会、管理层 与相关中介机构等一直在积极推进各项工作。公司综合考虑目前资本市场环境、 公司实际情况及公司发展规划等诸多因素，经与相关各方充分沟通及审慎分析， 公司决定终止本次以简易程序向特定对象发行股票的相关事项。 三、终止以简易程序向特定对象发行股票事项的审议程序 （一）董事会审议情况 公司于 2025 年 8 月 20 日召开第六届 ...

Core Viewpoint - Tianye Water Saving (00840) anticipates a net loss of approximately RMB 15.499 million for the six months ending June 30, 2025, while projecting a net profit of about RMB 13.857 million for the period ending June 30, 2024 [1] Group 1 - The expected net loss is primarily attributed to significant reductions in the number of high-standard farmland construction projects due to changes in market conditions and government policy adjustments [1] - The company's sales volume of PVC pipe products has drastically declined, leading to a corresponding decrease in engineering business revenue [1] - The overall gross profit level from engineering projects and product sales has significantly decreased, resulting in the anticipated loss [1]

Group 1: Macro Strategy and Market Trends - The report indicates a rebound in social financing, with July's social financing scale increasing by 1.16 trillion yuan, which is 389.3 billion yuan more than the same period last year [21] - The report highlights that the M1 and M2 monetary aggregates have shown a year-on-year increase, indicating a recovery in excess liquidity [21] - The report emphasizes the importance of monitoring the progress of US-China trade agreements and the performance of mid-year earnings reports [21] Group 2: Fixed Income and City Investment Bonds - As of August 12, 2025, the scale of city investment bonds planned for early redemption since 2025 is 55.8 billion yuan, showing a slowdown in the redemption pace compared to previous peaks [22] - The report notes that private placement bonds have a higher proportion of planned face value redemptions (61.23%) compared to public bonds (45.24%) [22][23] - The trend of redeeming bonds at face value has shifted, with issuers now more likely to offer fairer prices such as face value plus compensation [22] Group 3: Yellow Wine Industry - The report suggests that the yellow wine industry is poised for revival, driven by leading brands adopting high-end, national, and youth-oriented strategies [6] - It highlights that the market share of ancient yellow wine brands outside Jiangsu and Zhejiang has increased from 27% in 2018 to 43% in 2024, indicating successful national expansion [6] - The report recommends focusing on two leading yellow wine brands, Kuaijishan and Guyuelongshan, which have made significant progress in high-end and national strategies [6] Group 4: Company-Specific Insights - Industrial Fulian reported a sales revenue of 360.76 billion yuan in the first half of 2025, a year-on-year increase of 35.58% [9] - The company anticipates a net profit of 121.13 billion yuan for the first half of 2025, with a forecasted increase to 500 billion yuan in 2026 [9] - Weixing New Materials reported a revenue of 2.078 billion yuan in the first half of 2025, a year-on-year decline of 11.33%, but maintained a significant cash dividend of 157 million yuan [28][29]

Core Insights - The company has achieved a contract pipe production of 1 million tons by July 24, marking the fastest record in the past 12 years and surpassing last year's milestone by 73 days [1] - This achievement continues a trend of exceeding 1 million tons in contract pipe production for nine consecutive years since 2016 [1] Group 1: Production and Management - The company has implemented a "1+N" management system to enhance coordination across production, supply, sales, storage, and transportation [1] - Regular coordination meetings are held to focus on key projects and customer supply demands, improving the efficiency of order execution [1] - The company has adopted a "production is efficient" organizational model, with leadership conducting over 10 grassroots investigations to support production supply [1] Group 2: Performance Metrics - The company has supplied over 200,000 tons to the national pipeline network and nearly 400,000 tons to major domestic oil fields [2] - Internationally, the company has provided over 60,000 tons to projects in Saudi Arabia and the UAE [2] - Year-on-year production growth includes a 37.7% increase in transmission pipe output, a 22.9% increase in specialized pipe output, and a 6.8% increase in continuous pipe output, with the latter surpassing 10,000 tons [2]

Group 1 - The company has undergone a comprehensive upgrade and redesign of its official website, resulting in a change of the website domain [1] - The company's email address has also been adjusted in conjunction with the website changes [1] - The investor hotline remains unchanged, and the new website and email will be officially in use from the date of this announcement, while the old ones will be deactivated [1][2] Group 2 - The company expresses appreciation for the understanding of investors regarding any inconvenience caused by these changes [1] - The announcement is made by the board of directors of Beijing Hanjian Heshan Pipeline Co., Ltd. on August 7, 2025 [2]

Core Viewpoint - Dali Pu Holdings (01921.HK) anticipates a significant reduction of over 70% in net loss for the six months ending June 30, 2025, compared to the previous period [1] Financial Performance - The unaudited net loss for the six months ending June 30, 2024, was RMB 69.8 million [1] - The company’s subsidiary, Dali Pu Special Pipe Co., Ltd., has successfully turned around its operations by significantly adjusting its product structure [1]

Core Viewpoint - The company acknowledges a suggestion from an investor to establish a dedicated entity to bid for projects related to Yajiang Group, indicating a proactive approach to potential business opportunities in the pipeline [1] Group 1 - The company expresses gratitude for the investor's suggestion and emphasizes its commitment to closely monitor the bidding dynamics of relevant projects [1] - The company highlights its advantages in pipe manufacturing technology, product quality, and project experience, which will be leveraged to actively participate in bidding processes [1] - The company assures that any substantial progress will be disclosed in accordance with relevant regulations, encouraging ongoing investor engagement and feedback [1]

Core Insights - Tenaris S.A. reported a revenue of $3.09 billion for the quarter ended June 2025, reflecting a decrease of 7.1% year-over-year, while EPS increased to $0.99 from $0.59 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $3.01 billion by 2.54%, and the EPS also surpassed the consensus estimate of $0.88 by 12.5% [1] Financial Performance Metrics - Tubes Sales volume for Seamless was 803.00 Kmt, exceeding the average estimate of 778.36 Kmt [4] - Total Tubes Sales volume reached 982.00 Kmt, slightly above the average estimate of 978.87 Kmt [4] - Welded Tubes Sales volume was 179.00 Kmt, below the average estimate of 200.50 Kmt [4] - Net sales for Tubes in North America were $1.4 billion, surpassing the average estimate of $1.26 billion, but showing a year-over-year decline of 0.5% [4] - Net sales for Tubes in Asia Pacific, Middle East, and Africa were $771 million, below the estimated $809.92 million, representing a 4.8% decline year-over-year [4] - Net sales for Tubes in Europe were $215 million, slightly above the average estimate of $208.36 million, but down 19.5% year-over-year [4] - Net sales for Tubes in South America were $531 million, below the average estimate of $566.22 million, reflecting an 8.8% decline year-over-year [4] - Revenues from Other segments were $166 million, exceeding the average estimate of $157.38 million, but down 34.4% year-over-year [4] - Total Revenues from Tubes were $2.92 billion, above the average estimate of $2.86 billion, but down 4.9% year-over-year [4] - Operating income from Other segments was $29 million, slightly below the average estimate of $32 million [4] - Operating income from Tubes was $554 million, in line with the average estimate of $551.36 million [4] Stock Performance - Tenaris shares returned +3.2% over the past month, compared to the Zacks S&P 500 composite's +3.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]