证券日报网讯永利股份（300230）9月5日在互动平台回答投资者提问时表示，公司拟设立全资子公司昆 山永利传动系统有限公司作为项目实施主体，投资建设智能传动系统产业化基地项目，项目计划投资总 额为3亿元，公司拟通过该项目进一步提高公司的产能，满足公司智能单机、同步带、电滚筒等传动设 备、核心零部件及系统集成产品的产业化量产需求；同时进一步丰富公司产品品类，强化公司在工业传 动领域的研发创新、智能制造与市场拓展能力，全面巩固并提升公司核心竞争力，具体情况请参阅公司 2025年9月1日披露的《关于签署项目投资协议暨对外投资的公告》(公告编号2025-046)。目前该项目尚 处于计划实施阶段，项目的实施尚需取得相关政府部门的批复文件，项目建设、投产及生产等需要一定 的时间。 ...

Group 1 - The recent price of German SuperNut remains overall stable, with slight fluctuations in certain models due to raw material and logistics costs [1][5][7] - There are significant regional differences in market demand, and authorized agents play a crucial role in stabilizing supply and prices within the supply chain [2][5][7] - Current exchange rate fluctuations have a limited impact on pricing, and there are variations in pricing strategies among different suppliers [5][7] Group 2 - The cost of raw materials, particularly steel and special alloys, significantly affects the pricing of fastening components like German SuperNut [1] - The demand for high-performance transmission components has increased as manufacturing capacities in certain countries and regions recover [1] - The overall market for German SuperNut is expected to remain stable in the near future if raw material and international transportation costs do not experience significant changes [5][7]

Core Insights - Twin Disc, Incorporated (TWIN) shares have increased by 6.2% since the fiscal third quarter results, outperforming the S&P 500 index which rose by 0.6% during the same period [1] - The company reported a net loss of 11 cents per share in the fiscal third quarter, compared to a net income of 27 cents per share in the previous year [2] - Net sales increased by 9.5% year-over-year to $81.2 million, driven by the Marine and Propulsion Systems and Industrial segments, along with contributions from recent acquisitions [2] - Despite revenue growth, profitability declined sharply with a net loss of $1.5 million compared to a net income of $3.8 million a year ago [3] - EBITDA fell by 42.7% to $4 million from $7 million, attributed to lower operating income, foreign currency losses, and higher pension-related amortization [3] Financial Performance - Gross profit rose to $21.7 million from $20.9 million, but gross margin decreased by approximately 150 basis points to 26.7% due to an unfavorable product mix [4] - Operating income dropped to $2 million from $3.6 million, impacted by a 13.2% increase in marketing, engineering, and administrative expenses [4] - The six-month order backlog increased to $133.7 million from $124 million, indicating stable demand across product categories [6] Regional and Segment Performance - Europe captured a larger share of revenue aided by the Katsa acquisition, while North America saw strong demand in the Marine and Propulsion segment [5] - Industrial sales surged by 56.2% to $9.7 million, while Land-Based Transmissions declined by 6.9% to $17.8 million [5] Management Insights - The CEO emphasized sequential margin improvement and strength in core marine markets, particularly in North America and Europe [7] - The CFO highlighted positive operating cash flow of $7.5 million and disciplined cost control efforts, despite foreign exchange volatility impacting earnings [8] Strategic Developments - Twin Disc completed the acquisition of Kobelt, aligning with its strategic goals to strengthen its industrial and marine technology portfolio [11] - The company's capital allocation strategy focuses on bolt-on acquisitions, debt reduction, and dividends, returning $1.7 million to shareholders during the quarter [11]