浙富控股 20250722 浙富控股前身为成立于 1970 年代的富春江水工机械厂，拥有超过 50 年的水 轮发电机组设计制造经验。公司于 2004 年完成国企改制，成为私人企业，并 在 2008 年 8 月 6 日于深交所上市。上市后，公司经历了全球金融危机及制造 业下滑周期，但通过转型进入核电板块，并购四川华都核电设备 67%的股权， 成为唯一一家拥有核电三本证的民企。2020 年，公司进行重大资产重组，将 环保资产纳入上市公司，从原来的 50 亿规模扩展至 200 多亿的大型清洁能源 和环保公司。 核电业务的发展情况如何？ 摘要 浙富控股通过并购进入核电领域，成为国内唯一拥有核电三本证的民企， 受益于核电项目审批恢复，核电业务营收达 3 亿元，利润 1.2 亿元，预 计 2025 年保持较高增速。 公司业务包括危废资源化和清洁能源装备制造（水电、核电）。水电设 备市场份额占 20%，墨脱水电站项目水轮机组设备订单保守估计超 1,000 亿，毛利率 37%，净利率 15%，每年有望贡献收入 20 亿，净利 润 3 亿。 危废资源化业务通过提取废料中的金属出售，但受上游开工率和金属价 格波动影响，竞争激烈， ...

Core Insights - Zhejiang Fuhua Holdings (浙富控股) reported a revenue of 20.912 billion yuan for 2024, marking a year-on-year increase of 10.35%, while net profit decreased by 5.25% to 971 million yuan [1] - The company plans to distribute a cash dividend of 0.5 yuan per 10 shares (tax included) [1] - The company maintains a leading position in hazardous waste resource utilization and clean energy equipment sectors, benefiting from technological advancements and favorable policies [1] Revenue Breakdown - Clean energy equipment business generated 1.055 billion yuan in revenue, up 20.35% year-on-year [1] - Hazardous waste disposal and resource utilization products achieved 19.788 billion yuan in revenue, an increase of 9.92% year-on-year [1] R&D Investment - Zhejiang Fuhua Holdings invested 940 million yuan in R&D, reflecting a growth of 17.49% [1] - The company holds a total of 355 patents in its business areas, including 276 utility model patents and 79 invention patents [1] Subsidiary Performance - Shunlian Environmental Protection Group, a wholly-owned subsidiary, reported a revenue of 19.798 billion yuan and a net profit of 894 million yuan [2] - The subsidiary efficiently recovered 181,500 tons of copper, 482,970 grams of gold, and 10,770 kilograms of silver during the reporting period [2] Equipment Business - Zhejiang Fuhua Holdings' subsidiary, Zhejiang Fuhua Hydropower, secured new hydropower orders totaling 2.1 billion yuan [2] - The nuclear power equipment business, through Huadu Company, signed new orders worth 420 million yuan [2] - The company made significant progress in developing the 600MW fourth-generation commercial fast reactor liquid metal nuclear pump, with successful trial operation of the prototype [2][3]