股票简称：精工钢构 股票代码：600496 编号：临2025-065 转债简称：精工转债 转债代码：110086 长江精工钢结构（集团）股份有限公司 关于使用部分闲置募集资金 暂时补充流动资金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 公司使用闲置募集资金9,000万元暂时补充流动资金，使用期限自董事会审议通过之日起不超过12个 月，到期归还至相应募集资金专用账户。 公司严格按照募集资金相关监管规定管理募集资金，不存在违反募集资金相关监管规定的情形。截至本 次董事会召开日，本次募集资金账户余额10,426.36万元（含利息收入）。 长江精工钢结构（集团）股份有限公司（以下简称"公司"、"精工钢构"）于2025年5月14日召开第九届 董事会2025年度第十一次临时会议、第九届监事会2025年度第二次临时会议，会议审议通过了《关于使 用部分闲置募集资金暂时补充流动资金的议案》，同意公司使用闲置募集资金9,000万元暂时补充流动 资金，使用期限自董事会审议通过之日起不超过12个月。现将相关事项公 ...

Group 1: Company Strategy and Development - In 2025, the company views itself in a critical strategic opportunity and transformation period, focusing on green transition and high-quality development [3] - The company aims to strengthen internal management and optimize market initiatives while integrating resources to adjust development strategies [3] Group 2: Accounts Receivable Management - The company's accounts receivable are primarily from local governments and state-owned enterprises, with ongoing efforts to enhance collection and management systems [3] - Collection targets are included in key performance indicators to ensure timely recovery of accounts receivable [3] Group 3: New Orders and Growth - From January to March 2025, the company signed new sales contracts worth approximately RMB 1.328 billion, representing a 57.32% increase compared to the same period last year [3] - The company is optimizing its order structure by focusing on key clients and projects to secure high-quality orders [3] Group 4: Mergers and Acquisitions - The company is currently conducting due diligence, auditing, and evaluation for its acquisition of Zhongke Shijie, with progress being made [4] - Future acquisition plans will be considered based on strategic needs and will comply with relevant disclosure regulations [4] Group 5: Technological Advancements - Zhongke Shijie specializes in high-speed visual perception and measurement technology, with proprietary technology in high-speed imaging [4] - The recent launch of the "Qianyanlang ACE" ultra-high-speed camera sets new industry standards, supporting 1 million pixels at 100,000 frames per second with a data bandwidth of 100G/s [4]

证券代码：002743 证券简称：富煌钢构 公告编号：2025-033 安徽富煌钢构股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 安徽富煌钢构股份有限公司（以下简称"公司"）于2025年3月27日召开2025 年第一次临时股东大会，审议通过了《关于修订 <公司章程> 并变更法定代表人的 议案》。具体内容详见2025年3月28日公司登载于指定信息披露媒体的《安徽富 煌钢构股份有限公司2025年第一次临时股东大会决议公告》（公告编号：2025- 注册资本：肆亿叁仟伍佰贰拾陆万捌仟肆佰柒拾捌圆整 类型：其他股份有限公司（上市） 住所：安徽省巢湖市黄麓镇富煌商业广场 成立日期：2004年12月16日 经营范围：承包境外钢结构工程和境内国际招标工程，上述境外工程所需的 设备材料出口，对外派遣实施上述境外工程所需的劳务人员；房屋建筑工程的施 工；各类建筑钢结构、交通市政钢结构、工业设施钢结构、建筑幕墙（法律、行 政法规和国务院决定的前置审批项目除外）的研究、设计、生产、安装、技术咨 询及技术服务；彩板、彩钢压型板、轻型墙板及各类门窗的生产、销售；木门、 防 ...

联合研究丨行业点评 [Table_Title] 中美关税下调，周期哪些行业受益？ %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 5 月 12 日，中美发布《中美日内瓦经贸会谈联合声明》，本次中美经贸高层会谈取得实质性进 展，大幅降低双边关税水平，美方取消了共计 91%的加征关税，中方相应取消了 91%的反制关 税；美方在初始的 90 天内暂停实施 24%的"对等关税"，中方也相应在初始的 90 天内暂停实 施 24%的反制关税，对中美贸易往来的大宗产品带来显著利好，具体影响几何？ 分析师及联系人 [Table_Author] 王鹤涛 范超 韩轶超 SAC：S0490512070002 SAC：S0490513080001 SAC：S0490512020001 SFC：BQT626 SFC：BQK473 SFC：BQK468 马太 魏凯 张韦华 SAC：S0490516100002 SAC：S0490520080009 SAC：S0490517080003 SFC：BUT911 SFC：BUT964 SFC：BQT627 张弛 SA ...

Project Progress and Achievements - The "Solid Potash Mine Safety Green Mining and Processing Technology and Standards" project has entered the mid-term acceptance stage, with several breakthrough technical indicators for overseas potash mining currently under review by the National Science and Technology Department [1][2] - The project has been officially implemented for 2 years, with improvements in recovery rates being one of the key indicators [2] Financial Performance and Sales - The average sales price of potassium chloride in 2024 was between 2000-2600 RMB (including tax), while the international CFR price ranged from 270-310 USD. Currently, domestic port prices are around 3000 RMB, and international Southeast Asia CFR prices are between 350-360 USD, indicating various degrees of increase [5][10] - The company reported a cash balance of 3.86 billion RMB, with interest-bearing liabilities increasing significantly, raising concerns about cash management efficiency [13][18] Investment and Development Plans - The Laos Circular Economy Industrial Park project has a planned investment of 1 billion USD, focusing on diversified development including potash fertilizer processing and renewable energy [2][29] - The company is prioritizing the 1 million tons of potash salt planning in the Nongbo area for development, with capital investment for 2 million tons of potash salt extraction exceeding 3 billion RMB [5][9] Stakeholder Engagement and Communication - The company has received feedback regarding the need for more detailed disclosures in production and sales metrics, suggesting a shift to ton-based reporting for clarity [2] - There is an ongoing effort to enhance investor relations and communication, with a commitment to regular updates on shareholder numbers and project progress [5][13] Regulatory and Environmental Considerations - The company is actively seeking tax incentives related to the export of potash products and has submitted applications to relevant government departments [14] - The environmental impact of projects, particularly in the Laos region, is being closely monitored, with measures in place to address water management challenges [6][14]

Fund Utilization and Return - The company approved the temporary use of idle raised funds amounting to 500 million yuan for liquidity support, with a usage period not exceeding 12 months [2] - As of August 15, 2024, the company returned 392 million yuan of the temporary liquidity support to the raised funds account, and subsequently returned the remaining 108 million yuan [3] Share Pledge and Release - The controlling shareholder, Jinggong Holdings Group, recently released 58 million shares and pledged 50 million shares of the company [6] - As of the announcement date, a total of 419.22 million shares held by Jinggong Holdings and its subsidiaries were under pledge, accounting for 70.93% of their total holdings and 21.07% of the company's total share capital [6] Pledge Details - The pledge of shares is primarily for operational needs and does not involve guarantees for major asset restructuring or other obligations [7] - The controlling shareholder and its concerted actors have 40 million shares maturing in the next six months and 150 million shares maturing within the next year, with corresponding financing balances of 93 million yuan and 370 million yuan respectively [9] Impact on Company Operations - The share pledges will not affect the company's production and operations, nor will they lead to changes in actual control [10] - The controlling shareholder has a good credit status and repayment ability, with various income sources available for debt repayment [9][11]

Group 1: Financial Performance - The company achieved a revenue of 393,716.29 million CNY in 2024, with a net profit attributable to shareholders of 5,137.44 million CNY [6] - The company's stock price has consistently been below its net asset value, influenced by market conditions and sentiments [2][3] Group 2: Strategic Initiatives - The company is undergoing a significant merger and acquisition process, aiming to transform into a new productive force [4][8] - The acquisition of Zhongke Shijie is expected to inject high-quality assets into the company, facilitating growth in the high-speed vision sector [4][6] Group 3: Investor Relations and Communication - The company emphasizes the importance of timely information disclosure regarding major events and investments [3][4] - The company is actively addressing investor concerns regarding the status of its restructuring and the timeline for shareholder meetings [5][8] Group 4: Industry Context - The steel structure industry is experiencing a slowdown due to global economic factors and increased competition, prompting the company to focus on cost reduction and efficiency [8] - The high-speed vision market is projected to grow steadily, driven by advancements in artificial intelligence technology [4][6]

Core Viewpoint - The announcement details the recent share pledge and release activities of the controlling shareholder, highlighting the current status of pledged shares and their implications for the company’s financial health and operations [1][2][3]. Group 1: Share Pledge and Release Details - The controlling shareholder, Jinggong Holdings Group Co., Ltd., has released 58 million shares and pledged 50 million shares of the company [1]. - As of the announcement date, a total of 41.922 million shares are under pledge, accounting for 70.93% of the shares held by Jinggong Holdings and 21.07% of the company's total share capital [1][2]. - The released shares represent 24.47% of the pledged shares and 2.91% of the company's total share capital [1]. Group 2: Future Pledge and Financial Implications - In the next six months, 40 million shares are set to mature, representing 6.77% of the shares held by the controlling shareholder and 2.01% of the company's total share capital, with a corresponding financing balance of 93 million [3]. - In the next year, excluding the next six months, 150 million shares will mature, accounting for 25.38% of the shares held and 7.54% of the total share capital, with a financing balance of 370 million [3]. - The controlling shareholder and its concerted actors have a good credit status and repayment capability, with repayment sources including operating income, stock dividends, investment income, and other revenues [3]. Group 3: Risk Assessment and Management - The pledges are primarily for operational financing, with additional collateral measures in place to mitigate risks [3]. - The average liquidation price for the pledged shares is significantly lower than the current average stock price, indicating a low risk of forced liquidation [3]. - The controlling shareholder plans to enhance operational efficiency and asset management to improve profitability and reduce overall debt [3]. Group 4: Ongoing Disclosure - The company will continue to disclose relevant information regarding the share pledge situation and the associated risks of the controlling shareholder and its concerted actors [4].

Fund Utilization Summary - The company approved the temporary use of idle raised funds amounting to 500 million yuan to supplement working capital for a period not exceeding 12 months [2] - The company ensured that the use of these funds did not affect the normal progress of the investment projects [2] Fund Repayment Summary - As of the announcement date, the company has fully repaid the remaining 108 million yuan of the temporarily used funds back to the designated account for raised funds [3] - The company has notified the sponsor institution and the sponsor representative about the repayment status [3]

Core Viewpoint - The company is experiencing a decline in revenue and profit due to weak downstream demand and falling steel prices, but it maintains a strong market position and is expected to recover in the coming years [1][2][3]. Financial Performance - In Q1 2024, the company achieved operating revenue of 4.82 billion yuan, a year-on-year increase of 8.8%, but the net profit attributable to shareholders was 137 million yuan, a decrease of 32.8% [1]. - The company signed new orders worth 7.05 billion yuan in Q1 2024, a year-on-year increase of 1.3%, with steel structure production reaching 1.049 million tons, up 14.3% year-on-year [1]. - The company's full-year revenue for 2024 is projected to be 21.51 billion yuan, a decrease of 8.6%, with a net profit of 772 million yuan, down 34.5% year-on-year [1][2]. Market Conditions - The company’s new orders for 2024 are expected to be 28.3 billion yuan, a decrease of 4.8% year-on-year, with steel structure production at 4.511 million tons, a slight increase of 0.5% [2]. - The average price of section steel in 2024 is projected to be 3,814 yuan per ton, down 298 yuan from the previous year, while the cost per ton of steel structure is 4,277 yuan, down 384 yuan [2]. Profitability - The gross profit margin for 2024 is expected to be 10.33%, a decrease of 0.8 percentage points from the previous year, primarily due to declining steel prices and increased inventory costs [2]. - The company’s operating cash flow for 2024 is projected to be 570 million yuan, a decrease of 47.8% year-on-year, indicating slower collection from customers [2]. Investment Outlook - The company maintains its profit forecast and an "outperform" rating, citing its strong market position and ongoing investments in automation to reduce costs [3]. - The expected net profits for 2025-2027 are projected to be 930 million, 1.02 billion, and 1.14 billion yuan, respectively, with corresponding price-to-earnings ratios of 14.1, 12.9, and 11.5 [3].