11月5日至10日，第八届中国国际进口博览会（以下简称"进博会"）在上海举行。总部位于德国的跨国技术企业科德宝集团以"材料先锋·隐领创新"为主 题，首次携集团全线产品体系亮相技术装备展区。这是继2022至2023年连续聚焦汽车展区后，科德宝今年实现了参展领域的全面升级。 "今年我们不仅扩大了参展面积，也将展区从汽车馆移至技术装备馆。进博会开幕首日，展台便迎来大量访客，其中包括多位国际嘉宾及政府部门代 表。"进博会期间，科德宝集团中国地区代表王嘉毓在接受《国际金融报》记者专访时介绍。 展会期间的11月6日，科德宝同步发布全新中文品牌标识。在王嘉毓看来，这不仅是品牌形象的升级，更象征着科德宝与中国市场历久弥坚的伙伴关 系，以及共筑未来的坚定愿景。同日，科德宝还与张江集团签署合作协议，计划在张江机器人谷联合打造人形机器人共创中心。 据王嘉毓介绍，上述人形机器人共创中心是集团层面打造的多功能平台，集产品测试实验室、展示区与工业化测试区于一体，服务范围不局限于单一业 务集团，而是面向集团内所有与机器人领域具备协同潜力的业务单元，围绕密封、润滑、减震、降噪等领域开展测试验证。她强调，科德宝持续看好机器人 行业及其衍生领域 ...

Financial Data and Key Metrics Changes - Enpro reported organic sales growth of nearly 10% during the third quarter, with total sales of $286.6 million, an increase of nearly 10% year-over-year [4][15] - Adjusted EBITDA for the third quarter was $69.3 million, an increase of 8% compared to the prior year, with an adjusted EBITDA margin of 24.2%, slightly down from last year [15][24] - Adjusted diluted earnings per share increased more than 14% to $1.99, driven by improved adjusted EBITDA and lower net interest expense [15][24] Business Line Data and Key Metrics Changes - In sealing technologies, sales increased 5.7% to $178.2 million, driven by strength in aerospace and food and biopharma applications, with adjusted segment EBITDA margin remaining strong at over 32% [8][16] - Advanced surface technologies (AST) segment sales increased more than 17% to $108.5 million, with adjusted segment EBITDA margin at 20.1% [8][18] Market Data and Key Metrics Changes - The sealing technologies segment saw firm aftermarket demand in general industrial and commercial vehicle markets, while the commercial vehicle OEM market remained weak [16][25] - In AST, demand for capital equipment was choppy, with some strength observed in lower margin semiconductor tools and assemblies [18][21] Company Strategy and Development Direction - Enpro is advancing its Enpro 3.0 strategy with acquisitions of Overlook Industries and Alpha Measurement Solutions, expected to enhance capabilities in critical growth areas [5][6] - The company aims to unlock compounding features of its business model and drive value creation, with expected mid-single digit revenue growth in sealing technologies and high single to low double digit growth in AST over time [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sealing segment's ability to generate consistent profitability and expects continued strong performance in the fourth quarter, particularly in aerospace and food and pharma markets [12][25] - The AST segment is expected to experience a sequential deceleration in sales growth in the fourth quarter due to ongoing choppiness in semiconductor equipment spending [26] Other Important Information - Enpro's balance sheet remains strong, with a net leverage ratio of 1.2 times trailing 12-month adjusted EBITDA, expected to rise to around 2 times following the completion of recent acquisitions [22][23] - The company generated $105 million in free cash flow year to date, an increase from $83 million last year, and plans to continue investing in growth opportunities while returning capital to shareholders [23][24] Q&A Session Summary Question: Can you provide details on the acquisitions? - The combined revenue from both acquisitions is expected to be about $60 million in 2026, with high single to low double digit growth rates anticipated [30][31] Question: What is the expected revenue contribution from the acquisitions in Q4? - Approximately $10 million in revenue and $3 million in EBITDA are included in the Q4 guidance from both acquisitions [32] Question: When can we expect better incrementals in the AST business? - Incrementals are expected to normalize as investments begin to pay off, with historical incrementals around 40% [34][37] Question: How do you view the compositional analysis market? - The compositional analysis space is seen as a significant opportunity for innovation and growth, with expectations for further M&A opportunities in this area [40][41] Question: What is the outlook for the nuclear and commercial space markets? - The company remains optimistic about the nuclear market's development and is well-positioned to participate as it grows [44][50]

Core Viewpoint - Zhongmi Holdings announced the receipt of 9 patent certificates for its subsidiary Youtaike (Suzhou) Sealing Technology Co., Ltd. [2] Company Summary - Zhongmi Holdings has recently received 9 patent certificates, indicating a potential enhancement in its intellectual property portfolio [2] - The patents are likely to strengthen the company's competitive position in the sealing technology industry [2] Industry Summary - The announcement reflects ongoing innovation and development within the sealing technology sector, which may lead to increased market opportunities [2] - The acquisition of patents is a strategic move that could enhance the overall growth prospects of the sealing technology industry [2]

Core Points - The new factory of DKM in Shanghai's Jiading District officially opened, significantly enhancing supply chain efficiency and better meeting local market demands [2][5] - The factory covers an area of 5,260 square meters and will provide innovative sealing solutions under both the Kordsa and DKM brands for various industries including agriculture, energy, food and beverage, medical chemicals, and mobile machinery [2][5] - The facility is equipped with a rooftop photovoltaic system to reduce carbon footprint, aligning with Kordsa's sustainability goals [5] - The opening of the new factory is a strategic move to upgrade infrastructure and improve operational efficiency, ensuring timely delivery of products and services, which is expected to enhance customer satisfaction and brand loyalty [5][6] - The factory's advanced infrastructure and technical capabilities will enable Kordsa to better meet the evolving needs of customers and attract more business opportunities [5] - The opening ceremony included a ribbon-cutting event, site tours, and a corporate history exhibition, attended by government officials, media, customers, and partners [6] - The general manager of DKM China emphasized that the new factory is a significant step in the localization strategy, greatly enhancing supply chain capabilities to better serve customers in China [6]