证券之星消息，8月19日专用设备板块较上一交易日上涨0.1%，南风股份领涨。当日上证指数报收于 3727.29，下跌0.02%。深证成指报收于11821.63，下跌0.12%。专用设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300004 | 南风股份 | 11.44 | 13.72% | 167.43万 | | 19.10亿 | | 600980 | 北矿科技 | 25.47 | 10.02% | 21.86万 | | · 5.39亿 | | 600835 | 上海机电 | 30.27 | 9.99% | 30.94万 | | 9.18亿 | | 301128 | 强瑞技术 | 97.98 | 9.73% | 18.14万 | | 17.10亿 | | 300879 | 大叶股份 | 38.38 | 9.25% | 36.92万 | | 13.79亿 | | 300813 | 泰林生物 | 26.25 | 7.63% | 7.83万 | | 2.07 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown continuous growth, benefiting significantly from the increasing penetration of liquid cooling in data centers. The revenue for H1 2025 reached 2.573 billion yuan, a year-on-year increase of 50.25%, primarily driven by the rise in revenue from energy-saving temperature control products for server rooms and cabinets [4][5] - The company is expected to continue benefiting from the construction of data centers, driven by the ongoing development of high-power computing chips and cabinets, with an upward revision of profit forecasts for 2026 and 2027 [4][5] Financial Performance - In H1 2025, the company's revenue from server room temperature control reached 1.351 billion yuan, up 57.91% year-on-year, while revenue from computing equipment and related liquid cooling exceeded 200 million yuan [5] - The company's net profit attributable to shareholders for H1 2025 was 216 million yuan, a year-on-year increase of 17.54%, with a net profit of 168 million yuan in Q2 2025, up 37.98% year-on-year [4][5] - The company’s contract liabilities reached 404 million yuan, an increase of 76.25% from the beginning of the year, indicating strong downstream customer demand [5] Research and Development - The company emphasizes strong cost control, with a sales expense ratio of 3.91% and a management expense ratio of 4.01% in H1 2025, both showing a decrease year-on-year [6] - R&D expenses for H1 2025 amounted to 196 million yuan, reflecting a year-on-year growth of 36.74%, indicating a commitment to innovation and capacity expansion [6] Valuation Metrics - The projected net profit for 2025-2027 is estimated at 651 million yuan, 1.097 billion yuan, and 1.519 billion yuan respectively, with corresponding P/E ratios of 104.5, 62.0, and 44.8 times [4][8]

Group 1 - The mechanical industry is expected to see improved economic benefits in the first half of 2025, with revenue and total profit for large-scale enterprises increasing by 7.8% and 9.4% year-on-year, respectively, both exceeding the national industrial level [1] - Fixed asset investment shows a mixed performance, with an overall growth rate of 3.8% in the mechanical industry; investment in the automotive and general equipment sectors increased by 22.2% and 16.6%, respectively, while specialized equipment grew by 6.2% [1] - In the general equipment sector, the production of metal cutting machine tools and industrial robots increased by 13.5% and 35.6% year-on-year, respectively, and excavator sales in the engineering machinery sector rose by 16.8% [1] Group 2 - The "Guiding Opinions on Financial Support for New Industrialization" aims to establish a financial system supporting the high-end, intelligent, and green development of the manufacturing industry by 2027, with a focus on financing support for the industrial mother machine and instrumentation sectors [1] - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and its upstream and downstream industries to reflect the overall performance of quality enterprises in this field [1] - Investors without stock accounts can consider the Guotai China Securities Machine Tool ETF Initiated Link A (017471) and Guotai China Securities Machine Tool ETF Initiated Link C (017472) [1]

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the past 30 days include Dongpeng Beverage, Zhongchong Co., Hikvision, Defu Technology, and Xinyi Technology [10][11] - In the last five days, the most popular companies for institutional research include Nanwei Medical, Anjisi, Jinchengzi, New Strong Union, and Baiya Co. [10][11] - Among the top twenty companies in the past 30 days, twelve companies had ten or more rating agencies, including Dongpeng Beverage, Zhongchong Co., Ninebot, Baiya Co., Hikvision, Jereh, Xinyi Technology, Hongfa Technology, Nanwei Medical, Baijia Shenzhou, Huaming Equipment, and Shijia Photon [10][11] - Companies such as Xinyi Technology, Dongpeng Beverage, Zhongchong Co., and Ninebot are expected to see significant growth in net profit attributable to shareholders in 2024 compared to 2023 [10][11] Group 2: Shareholder Increase and Buyback Situations - From August 11 to August 15, 2025, five companies announced significant shareholder increases, but the average proposed increase amount was less than 1% of the market value on the announcement date [14] - From January 1 to August 15, 2025, a total of 251 companies announced shareholder increases, with 67 having ten or more rating agencies. Among these, 19 companies had an average proposed increase amount exceeding 1% of the latest market value, including Xinjie Energy, Tunnel Co., Sailun Tire, and Wanrun Co. [15] - During the same period, 1,662 companies announced buyback progress, with 364 having ten or more rating agencies. Among these, 99 companies had a proposed buyback amount exceeding 1% of the market value [19] Group 3: Buyback Progress - From August 11 to August 15, 2025, 51 companies announced buyback progress, with 10 having ten or more rating agencies. Only two companies, Baolong Technology and Fuanna, had a proposed buyback amount exceeding 1% of the market value [18] - From January 1 to August 15, 2025, 99 companies were in the board proposal stage for buybacks, including Liu Gong, Sanor Biotech, Shantui, Haixing Electric, Jiayi Co., and Gaoneng Environment [19] Group 4: Institutional Fund Flow - During the week of August 11 to August 15, 2025, sectors such as power equipment, electronics, real estate, non-bank financials, public utilities, computers, home appliances, building materials, light industry manufacturing, and banking received net inflows from institutional funds [24]

Core Viewpoint - Shandong Mining Machinery has shown a modest level of financing activity, with net buying and selling figures indicating limited investor interest in recent trading days [1] Financing Activity - On August 18, Shandong Mining Machinery recorded a financing buy amount of 0.27 billion, ranking 2105th in the two markets [1] - The financing repayment amount on the same day was also 0.27 billion, resulting in a net buy of 16.08 million [1] - Over the last three trading days (August 14-18), the financing buy amounts were 0.24 billion, 0.14 billion, and 0.27 billion respectively [1] Securities Lending - On August 18, the company had no shares sold short, with a net short sale of 0.00 thousand shares [1]

Group 1 - The company reported a revenue of 383,743,115.33 yuan for the reporting period, representing a year-on-year decrease of 5.19% [2] - The net profit attributable to shareholders of the listed company was 50,918,415.33 yuan, showing a year-on-year decline of 26.87% [2]

宁波精达成形装备股份有限公司 章程修订对照表 宁波精达成形装备股份有限公司（以下简称公司）根据《公司法》 (2023 修订)、 《上市公司章程指引(2025 修订)》 、《上市公司治理准则》、 《上海证券交易所股票上市规则(2025 年 4 月修订)》 《上海证券交易 所上市公司自律监管指引第 1 号——规范运作(2025 年 5 月修订)》 等相关法律、法规、规范性文件的最新规定，同时结合公司自身实际 情况，现对《公司章程》进行了系统性的梳理和修订。具体修订情况 如下（注：下文黑色部分为修订内容） 修订后章程（结合新公司法、上市公司 修订前章程 章程指引（2025）等相关法律及规定） 第一章 总则 第一章 总则 第二章 经营宗旨和范围 第二章 经营宗旨和范围 第三章 股份 第三章 股份 第一节 股份发行 第一节 股份发行 第二节 股份增减和回购 第二节 股份增减和回购 第三节 股份转让 第三节 股份转让 第四章 股东和股东大会 第四章 股东和股东会 第一节 股东 第一节 股东的一般规定 第二节 股东大会的一般规定 第二节 控股股东和实际控制人 第三节 股东大会的召集 第三节 股东会的一般规定 第四节 股东大 ...

宁波精达成形装备股份有限公司 内部审计制度 宁波精达成形装备股份有限公司 内部审计制度 第一章 总则 第一条 为了实现宁波精达成形装备股份有限公司（以下简称"公司"）内 部审计的制度化和规范化，提高内部审计的工作质量，根据《中华人民共和国审计法》 《中华人民共和国国家审计准则》《企业内部控制基本规范》《上海证券交易所股 票上市规则》等有关法律法规及《宁波精达成形装备股份有限公司章程》的规定， 结合公司实际情况，制定本制度。 第二条 本制度所称内部审计是指公司内部审计机构或人员，对其内部控制 和风险管理的有效性、财务信息的真实性和完整性以及经营活动的效率和效果等开 展的一种评价活动。 第三条 本制度所称内部控制，是指公司董事会、高级管理人员及其他有关 人员为实现下列目标而提供合理保证的过程： (一)遵守国家法律、行政法规、部门规章及其他相关规定； (二)提高公司经营的效率和效果； (三)保障公司资产的安全。 第四条 内部审计遵循"独立、客观、公正"的原则，保证其工作合法、合 理有效，完善公司内部约束机制，加强内部管理，提高经济效益。 第五条 公司董事会对内部控制制度的建立健全和有效实施负责，重要的内 部控制制度 ...

Group 1 - The company, Ningbo Jingda, announced on August 18 that it plans to establish a wholly-owned subsidiary to expand its upstream and downstream sales and product categories, aiming to enhance supply chain collaboration and improve after-sales service efficiency [1] - The investment for the new sales company will be funded entirely by the company's own capital, amounting to 20 million RMB, representing a 100% ownership stake [1]

Market Overview - The A-share market continues its slow bull trend, with the Shanghai Composite Index reaching a nearly 10-year high, and the North China 50 index hitting a historical peak [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.76 trillion, an increase of 519.6 billion compared to the previous trading day, marking a new high for the year [2] - Northbound capital has seen a net inflow for 15 consecutive days, primarily increasing positions in brokerage and state-owned enterprises, while southbound capital recorded a net purchase of 35.8 billion HKD in Hong Kong stocks, a historical high [3] Financial Data Insights - The central bank released July financial data showing a year-on-year growth of 9.0% in social financing, with an increase of 1.16 trillion yuan, 389.3 billion more than the previous year [4] - The money supply M1 and M2 grew by 5.6% and 8.8% year-on-year, respectively, with increases of 1.0 and 0.5 percentage points compared to the previous month [4] - The increase in non-bank deposits and the narrowing of the M1-M2 gap indicate a significant trend of household savings flowing into the capital market [5] Economic Environment and Future Outlook - The current market environment is more stable compared to 2020, with a focus on technological innovation and industrial upgrades, supported by a GDP growth of 5.2% in Q2 2025 and a 21.3% increase in high-tech manufacturing investment [6] - The "924" new policy is expected to initiate a new round of economic stimulus, with non-bank financial institutions seeing an increase of 910 billion yuan in deposits in September 2024, 1.6 trillion more than the previous year [6] - The trend of household savings entering the stock market is ongoing, with expectations for the Shanghai Composite Index to reach 5,000 points and the CSI 300 to potentially rise to 5,500 points within a year, indicating a possible 30% increase [9][11] Stock Selection Strategies - Investors are advised to focus on high-recognition industry leaders that show sudden volume increases, such as ZTE Corporation and Lingyi iTech [17] - Stock selection can involve choosing strong stocks with moderate price increases or those that have undergone appropriate adjustments, suitable for aggressive investors [17] Liquid Cooling Sector Insights - The liquid cooling server market continues to thrive, with over 20 stocks in the sector rising more than 10% [18] - The demand for liquid cooling solutions is expected to surge due to the acceleration of AI computing infrastructure, with domestic liquid cooling chains poised to enter overseas markets [18][19] - Key players in the liquid cooling supply chain include: - Upstream: Companies like Juhua and Sinoma are leading in cooling liquid production [20] - Midstream: Leading manufacturers include Inspur and Sugon, with significant market shares [21] - Downstream: Applications in data centers and energy storage are being driven by major players like Dataport and Shenling Environment [22]