软控股份 20250701 摘要 软控股份在锂电设备领域提供湿法和干法工艺设备，湿法已配套国内客 户，干法设备正与高校及潜在客户交流，但固态电池产线规模小，多处 实验室或小试阶段，已与部分国内客户签订实际交易合同。 锂电设备前端设备（配料输送、搅拌、涂布等）每 GWh 投资约 2000 万至 3,000 万元，占总投资的 20%。软控股份可提供全套前端装备， 价值量占比约 20%。 干法工艺生产固态电池面临技术难点，如材料均匀混合、避免纤维化、 硫化氢泄漏及滚压环节的精度和温度控制等。目前国内真正量产干法固 态电池的企业很少，多处于研发阶段。 软控股份凭借橡胶机械领域的信息化装备研发储备，在干法滚压等技术 难点上具备一定协同优势，并积极拓展海外市场，依靠集团的全球网络 资源提高落地能力和服务水平。 锂电设备订单多处于中试或量产阶段，产线规模已达 0.5GWh，主要面 向终端用户。预计今年下半年至明年，湿法工艺固态电池订单有望增加， 与客户交流已进入中后期。 Q&A 请介绍一下软控股份在锂电设备领域的基本情况和主要客户。 软控股份主要从事锂电池电芯工段前段工序的配料输送、搅拌及涂布相关业务。 目前公司主要为国内 ...

全球橡机企业增长为主基调，在"前10强"中10家增长，在"前30强"中增长20家，下降9家，1家持平。增 长幅度较大的分别是华澳科技、青岛海琅特种装备、益阳橡塑机械、余姚华泰橡塑机械、Cimcorp及上 海合威，主要为我国橡胶机械企业，增幅在50%以上。下降幅度较大的主要有马朗贡尼、拉森特博洛及 弗伦茨油压机械。 近日，《欧洲橡胶杂志》(ERJ)公布了2024年度全球橡胶机械行业报告。报告显示，世界橡机排名变化 较大，我国软控股份继续登顶，我国6家橡机企业进入世界橡机前十强。世界橡胶机械行业销售额继续 增长，增速较上年有所放缓。橡机订单向头部企业集中明显，行业集中度提高，呈现强者愈强现象。世 界橡机行业投资信心依然较强，投资意愿较强。从目前订单及调查反馈看，世界橡机行业2025年形势谨 慎乐观。 世界排名变化较大 2025年世界橡机排名按2024年销售收入排名。今年世界橡胶机械制造商排名变化相对较大。软控股份增 长9.1%，以6.61亿美元连续三年坐上世界橡机行业的首席。荷兰VMI公司增长15.6%，以5.63亿美元居 第二位。德国HF公司增长7.1%，以4.84亿美元位列第三。前三甲的位置与2024年排名一 ...

Core Insights - The global rubber machinery industry is experiencing sales growth in 2024, although the growth rate has slowed compared to the previous year [1] - There is an increasing concentration of orders towards leading companies, indicating a trend where the strong continue to strengthen [1] - Investment confidence and willingness in the industry remain strong, with a cautiously optimistic outlook for 2025 despite uncertainties related to U.S. tariff policies [1] Industry Performance - The total sales of the top 30 global rubber machinery companies reached $3.842 billion in 2024, reflecting a year-on-year growth of 15.4%, although the growth rate has decreased compared to the previous year [1] - The top 10 companies all experienced growth, with 20 out of the top 30 companies showing an increase in sales, while 9 companies saw a decline and 1 remained flat [1] - The market share of European rubber machinery manufacturers in the top 30 has decreased to approximately 39.4%, down by 5.6 percentage points from 2023, while China's share increased to 53.2%, up by 10.2 percentage points [1] Company Rankings - Soft Control Co. retained its position as the top company with a sales increase of 9.1%, reaching $661 million for three consecutive years [1] - VMI from the Netherlands and HF from Germany ranked second and third, with sales of $563 million (up 15.6%) and $484 million (up 7.1%), respectively [1] - Six Chinese companies made it into the top ten, with Sachi Group moving up to fourth and Dalian Rubber & Plastic Machinery to fifth [1] Market Dynamics - The rubber machinery market in China is identified as the main driver of growth, with surveyed companies reporting a year-on-year growth of 19.8%, surpassing other regions [1] - The North American market shows a particularly positive sentiment, with about 80% of respondents identifying it as a high-growth area, a significant increase from the previous year [1] - Despite challenges such as geopolitical tensions and trade disputes, tire and rubber machinery manufacturers are continuing to enhance their manufacturing capabilities [1]

Group 1 - The article discusses the independent financial advisory role of CITIC Construction Investment Securities Co., Ltd. for China National Chemical Equipment (Qingdao) Co., Ltd. regarding a major asset sale and related transactions in 2024 [1][2] - The transaction involves the conversion of a debt of €47,777.22 million into equity, resulting in the company no longer controlling Luxembourg Equipment, which will become an associate company [4][5] - The transaction has been approved and complies with relevant laws and regulations, including the Company Law and Securities Law [7][9] Group 2 - The financial advisor conducted due diligence and confirmed the authenticity, accuracy, and completeness of the information provided for the transaction [2][10] - The company aims to improve its operational status, asset quality, and financial condition through this major asset restructuring, transitioning its main business focus from plastic machinery to chemical and rubber machinery [11][12] - The financial data for 2024 shows a significant decrease in revenue by 17.18% to ¥961,181.95 million, while the net profit attributable to shareholders was a loss of ¥220,151.06 million [12]

近两年中国轮胎企业的投资规模持续扩大，全球布局持续推进。这种投资热潮为上游原材料供应商、设 备商带来了新的机会。公司将不断开拓国际高端客户，推动更多核心客户的批量订单落地。 展望未来，公司硫化机订单将驱动公司业绩稳定增长，公司将持续深化提质增效，充分挖掘潜力，不断 进行工艺改进与完成，努力提升生产效率，做好准时交货工作，并持续进行技术创新研发工作，保持公 司硫化机品牌技术领先优势。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 4月29日，巨轮智能(002031)(002031.SZ)发布2025年一季度报告。报告显示，公司2025年一季度实现公 司实现营业收入1.93亿元，同比增长21.17%。2024年以来，公司积极把握轮胎行业需求复苏和轮胎厂家 出海的机会，实现市场良好的开拓，2025年公司液压式硫化机市场需求延续。 得益于轮胎行业景气度和新能源汽车市场的持续快速渗透，公司传统主业汽车轮胎装备销售 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating expected strong performance in the coming months [3][12]. Core Insights - The company reported a revenue of 7.18 billion yuan for 2024, a year-on-year increase of 27%, and a net profit attributable to shareholders of 510 million yuan, up 52% year-on-year [2][3]. - The first quarter of 2025 saw a revenue of 1.81 billion yuan, reflecting a 23% year-on-year growth, with a net profit of 80 million yuan [2]. - The company benefits from a robust order book due to the investment boom among Chinese tire manufacturers, with inventory at 7.5 billion yuan, up 33% year-on-year, and contract liabilities at 6.4 billion yuan, up 39% [3]. Financial Summary - The company achieved a gross margin of 23.4% in 2024, a decrease of 2.6 percentage points year-on-year, while the net profit margin improved to 8.0%, an increase of 1.0 percentage point year-on-year [2]. - Revenue projections for 2025 to 2027 are estimated at 8.7 billion yuan, 10 billion yuan, and 11.36 billion yuan, respectively, with year-on-year growth rates of 21%, 15%, and 14% [3][4]. - The net profit attributable to shareholders is projected to reach 700 million yuan, 850 million yuan, and 1 billion yuan for 2025 to 2027, with corresponding growth rates of 38%, 22%, and 17% [3][4]. Market Context - The domestic tire industry is steadily growing, with production of rubber tire outer casings reaching 1.19 billion units in 2024, a 9.2% increase year-on-year, and exports totaling 680 million units, up 10.5% [2]. - The company is positioned to capitalize on the international expansion of Chinese tire brands, enhancing its market presence globally [3].