Group 1: Company Overview and Strategy - The company emphasizes adherence to commitment letters and regulations regarding information disclosure [2] - The company is focused on developing a professional marine valve production base and expanding its business scale in the marine engineering sector [3] Group 2: Product and Market Insights - The company has a diverse product matrix in the nuclear valve sector, including nuclear butterfly valves, nuclear ball valves, and other specialized products, fostering a healthy competitive landscape [5] - The hydrogen valve products cover a pressure range of 35-105 MPa, with successful development of 35 MPa and 70 MPa series products, gaining recognition in the domestic hydrogen energy market [6] Group 3: Financial and Operational Projections - The delivery cycle for valves related to the newly approved ten units is expected to take 2-3 years, with the bidding phase anticipated to complete by late 2025 to early 2026 [7] - The company aims to expand its export business, focusing on the Middle East and Southeast Asia, particularly in oil refining and gas extraction sectors [8] Group 4: Future Outlook - The company is committed to high-quality development in the nuclear energy sector, aligning with national energy strategies to meet the increasing demand for clean energy [11] - The subsidiary, Ruifan Energy, is expected to generate revenue from ongoing projects, including significant coal gas power generation initiatives in 2024 [10]

Core Insights - The Chinese butterfly valve industry is projected to reach a market size of approximately 13 billion yuan in 2024, with a compound annual growth rate (CAGR) of 5.86% over the past three years [1][3]. Industry Overview - Butterfly valves are designed to control fluid flow through a rotating disc, making them suitable for quick opening and closing applications, as well as flow regulation [1]. - The industry is experiencing a shift towards high-quality development, integrating advanced control technologies and sensors for remote control, automatic adjustment, and fault diagnosis, enhancing precision and reliability [1]. Application Market - The primary downstream applications for butterfly valves in China include natural gas, electric power, chemical, and water treatment industries, with the chemical and electric power sectors holding the largest market share [3]. - In the chemical sector, butterfly valves are crucial for managing various corrosive, toxic, and flammable media, accounting for approximately 25%-30% of the application market [3]. Industry Competition - The market concentration in the Chinese butterfly valve industry is relatively low, with key players including global leaders like Emerson and Flowserve, as well as domestic companies such as Neway and Jiangsu Shentong [5]. - Emerson offers a range of butterfly valve products, including the KEYSTONE series, while Flowserve provides various types of valves, including lined butterfly valves and high-performance options [5]. - Jiangsu Shentong is recognized as a leading domestic manufacturer, with a diverse range of butterfly valves used across multiple sectors, including metallurgy, nuclear power, and oil and gas [5].

Core Viewpoint - The article discusses the recent trends in IPO counseling registrations in China, highlighting a decrease in the number of new registrations in May compared to previous months, and provides insights into specific companies undergoing the process, including their financial performance and investor interest [1]. Group 1: IPO Counseling Registrations - In May, the China Securities Regulatory Commission (CSRC) disclosed 17 new companies for IPO counseling, bringing the total for 2025 to 123 [1]. - The number of new counseling registrations decreased in May compared to the first four months of the year, which saw monthly registrations of 32, 29, 23, and 22 respectively [1]. Group 2: Company Highlights - Huaxin New Materials (华鑫新材) is noted as the fourth globally and the first domestically to achieve mass production of high-performance polyimide (PI) films, attracting investments from prominent institutions such as CRRC Capital and the National Development Bank [1][2]. - Tianhai Fluid (天海流体) is preparing for a second application to list on the Beijing Stock Exchange after its initial application was not accepted, and it has faced disciplinary actions from the National Equities Exchange and Quotations [1][6][8]. - Chengdu Super Pure (成都超纯) has received backing from major investors including BYD and TCL Venture Capital, and has submitted its IPO counseling application [1][9][10]. - Chengfeng Technology (乘风科技) has experienced a decline in net profit for two consecutive years, despite serving major clients like ExxonMobil and Chevron [1][11][12]. Group 3: Financial Performance - Huaxin New Materials has undergone five rounds of financing since its establishment in 2019, with significant participation from various investment firms [3][4][5]. - Tianhai Fluid reported revenues of 202 million, 253 million, and 287 million yuan for 2022, 2023, and 2024 respectively, with net profits showing a slowdown in growth [7][8]. - Chengdu Super Pure has completed multiple financing rounds, with significant investments from various venture capital firms, including a unique investment from BYD in its B round [10]. - Chengfeng Technology's revenue figures for 2022, 2023, and 2024 were 809 million, 742 million, and 745 million yuan, with net profits declining from 91.21 million to 83.77 million yuan over the same period [12].

材料创新持续推进：开发新型高强度、高耐蚀合金及高性能塑料，进一步提高阀体强度和耐蚀性；密封材料向耐更高温、高压及耐磨损方向发展，如新型橡 胶复合材料或碳纳米管增强密封材料等。 结构设计优化升级：德特森运用先进模拟技术，使流道优化更精准，进一步降低流阻；采用新型连接技术和紧凑布局，实现更紧凑、轻量化的设计，同时保 证结构强度和稳定性。 智能化与自动化程度进一步提高： 融入先进控制技术：以微处理器、PLC 为核心的控制系统会更广泛应用，实现更复杂的逻辑运算与控制策略，使阀门能根据多种工况精确调节开度，优化 流体控制。 深化远程监控功能：借助物联网、5G 等技术，远程监控的稳定性、实时性增强，可实现对阀门的精准远程操作，还能通过大数据分析提供智能决策支持。 强化故障诊断与预测性维护：智能传感器精度和可靠性提升，能监测更多阀门运行参数，结合人工智能算法，更准确地预测故障，给出维护建议，减少停机 时间。 追求更高的性能与可靠性： 电动水泵房蝶阀行业内的技术创新趋势主要体现在以下几个方面： 执行器性能显著提升：控制精度可提高至 ±1% 以内，满足高端应用需求；响应速度大幅提升，开启或关闭时间缩短至数秒；福建森科阀门制造有 ...

Core Insights - The article discusses the leading domestic valve brands in China for various industries, highlighting their market positions, technological advancements, and future trends. Group 1: Leading Brands and Market Position - Suzhou Neway Valve is recognized as a global benchmark for deep-sea valve technology, with 42% of its revenue coming from overseas and a production capacity exceeding 600,000 units per year [11][12] - China Nuclear Su Valve Technology is the only domestic company with full qualifications for nuclear-grade valves, achieving over 90% localization in nuclear power valves and securing over 1.5 billion yuan in nuclear power orders [12][13] - Shanghai Qizhong Valve holds a 53% market share in nuclear-grade butterfly valves, with a 180% annual increase in orders for new energy lithium battery valves [14][15] Group 2: Industry Trends and Innovations - The trend towards domestic substitution is accelerating, particularly in high-end fields such as semiconductor special gas valves and ultra-high pressure hydrogen valves, with leading companies investing over 8% of their revenue in R&D [32] - Green technology is expected to dominate municipal and energy project tenders, with low-carbon valves and smart water management solutions leading the way [33] - The global competition is intensifying, driven by infrastructure demands in Southeast Asia and the Middle East, with China's valve export expected to exceed 12 billion USD by 2025 [34]

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]