证券代码：300154 证券简称：瑞凌股份 深圳市瑞凌实业集团股份有限公司 投资者关系活动记录表 编号：2025-1120 | | | | □特定对象调研 | | | □分析师会议 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 资 | 关 | 系 | □媒体采访 | | | □业绩说明会 | 投 | 者 | | | | 活动类别 | | | □新闻发布会 | | | □路演活动 | | | | | | | | | □现场参观 | | | | | | | | | | | | ■其他 2025 | | 年度深圳辖区上市公司集体接待日 | | | | | | | 与 | 位 | 名 | | | | | 参 | 单 | | | | 及 | 员 | 姓 | 参与全景网 2025 | | | 年度深圳辖区上市公司集体接待日活动的投资者 | 称 | 人 | | | | 名 | | | | | | | | | | | | 时间 | | | 2025 年 11 月 20 日 | | 14:30-17:00 | | ...

天眼查App显示，近日，深圳市泓森焊接设备有限公司成立，法定代表人为陈锦谊，注册资本10万人民 币，经营范围为一般经营项目是：金属切割及焊接设备销售；风动和电动工具销售；电子专用设备销 售；机械设备销售；机械设备研发；电气设备销售；普通机械设备安装服务；智能仪器仪表销售；电工 仪器仪表销售；供应用仪器仪表销售；家用电器销售；电子产品销售；机械电气设备制造；金属切割及 焊接设备制造；风动和电动工具制造；五金产品批发；五金产品零售；塑料制品销售；技术服务、技术 开发、技术咨询、技术交流、技术转让、技术推广；国内贸易代理。（除依法须经批准的项目外，凭营 业执照依法自主开展经营活动），许可经营项目是：无。 ...

Company Overview - Guangdong Boying Special Welding Technology Co., Ltd. was established in 2007, focusing on welding technology and services, and successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market in July 2023 [1][2]. - The company has developed into a globally recognized manufacturer of anti-corrosion and wear-resistant welding equipment, with patented digital pulse welding technology in multiple countries [2]. Market Expansion and Future Plans - The company plans to increase R&D investments in gas boilers, oil and gas pipelines, thermal power generation, and marine equipment, aiming to expand into high-end manufacturing and other large equipment sectors [2]. - Boying aims to capture opportunities in the gas turbine market through its production base in Vietnam and establish a joint venture to enter the oil and gas composite pipe market in the Middle East [2]. Revenue Breakdown - As of September 30, 2025, the top five countries for overseas revenue are the UAE, the USA, Thailand, Brazil, and Japan [2]. - The company’s revenue from the waste-to-energy sector is significant, with other major sectors including chemicals, papermaking, coal-fired power, and gas turbines [6]. - Revenue from the coal-fired power sector accounts for approximately 5.8% as of September 30, 2025 [7]. Industry Trends - The waste-to-energy market is expanding rapidly, particularly in developing regions facing waste management challenges, with government support for waste incineration projects [3]. - The demand for bimetallic composite pipes is increasing due to deeper oil and gas extraction and the presence of corrosive media, with market conditions favoring the adoption of welding technology [4]. - The coal-fired power sector remains a critical part of China's energy landscape, with increasing electricity demand and a need for upgrades to improve anti-corrosion and wear resistance [8]. Specific Market Insights - The HRSG (Heat Recovery Steam Generator) market in the USA is driven by structural growth in electricity demand, particularly from AI data centers and the return of manufacturing [9][10]. - The transition to cleaner energy sources is enhancing the market potential for HRSG, as it improves the efficiency of gas turbines and reduces carbon emissions [10].

Core Viewpoint - Leqing Keyue Welding Equipment Technology Co., Ltd. has been established with a registered capital of 100,000 RMB, focusing on various engineering and technology services related to welding and cutting equipment [1] Group 1: Company Overview - The legal representative of Leqing Keyue Welding Equipment Technology Co., Ltd. is Gao Renxian [1] - The company has a registered capital of 100,000 RMB [1] Group 2: Business Scope - The business scope includes general projects such as engineering and technology research and experimental development [1] - The company is involved in the sales of metal cutting and welding equipment, as well as various electronic components and electromechanical devices [1] - Additional activities include technology services, development, consulting, and transfer, as well as import and export of goods [1] - The company also sells a wide range of products including power electronic components, household appliance parts, and advanced power electronic devices [1]

Group 1 - A new company named Renqiu Zhihan Welding Equipment Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Liang Beibei [1] - The company's business scope includes manufacturing and sales of metal cutting and welding equipment, sales of electrical facilities and equipment, and various retail activities [1] Group 2 - The company is involved in the sales of special labor protection products, special equipment, metal tools, lighting production equipment, automotive parts, office supplies, communication equipment, and more [1] - The company also engages in the import and export of goods, daily necessities sales, fire-fighting equipment sales, industrial robot sales, and construction materials sales [1] - The company operates under the principle of conducting business activities independently with its business license, except for projects that require approval by law [1]

Company Overview - Shanghai Xinya New Welding Equipment Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Rao Xiaohong [1] Business Scope - The company engages in the sales of metal cutting and welding equipment [1] - It also provides repair services for electrical equipment and sells various electrical and electronic devices [1] - The scope includes sales of smart power distribution and control equipment, new energy prime mover equipment, and electronic vacuum devices [1] - Additional activities involve retail of electronic components, installation services for general machinery, and sales of wires, cables, and optical cables [1] - The company offers technical services, development, consulting, and technology transfer [1] - It is involved in the repair of general and specialized equipment [1]

Core Insights - Shenzhen Ruiling Industrial Group Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, with revenue at 477 million and net profit at approximately 49.77 million, representing year-on-year decreases of 13.44% and 12.63% respectively [1] Financial Performance - The company's revenue for the first half of the year was 477 million, down 13.44% year-on-year [1] - Net profit attributable to shareholders was approximately 49.77 million, a decrease of 12.63% compared to the previous year [1] - Revenue from the inverter welding and cutting equipment series decreased by 5.72% year-on-year [1] - Revenue from welding accessories dropped by 19.57% year-on-year [1] - Revenue from precision sheet metal and structural components decreased by 11.37% year-on-year [1] Business Focus and Innovation - The company is committed to innovation-driven development, focusing on three main directions: "intelligent, efficient, and green" [1] - Significant progress has been made in technology breakthroughs to support product upgrades [1] - The self-developed "Tiangong" 3.0 chip has been adapted for multiple products, enhancing welding performance and ease of operation [1] - The "Tiangong" 4.0 chip is currently undergoing testing [1] - The application of silicon carbide field-effect transistors in arc welding products has improved power density and response speed while reducing energy consumption [1]

Core Viewpoint - Recently, Renqiu City Xueliang Welding Equipment Co., Ltd. was established with a registered capital of 100,000 RMB, indicating a new player in the welding equipment manufacturing sector [1] Company Summary - The legal representative of the company is Xing Jianzhi [1] - The registered capital of the company is 100,000 RMB [1] - The company operates in various areas including manufacturing and sales of metal cutting and welding equipment, electrical wire and cable operations, optical cable manufacturing and sales, hardware products manufacturing and retail, and construction metal accessories [1] Industry Summary - The company is involved in the manufacturing of electrical facilities and equipment, which is a critical sector in the construction and electrical industries [1] - The range of operations includes both manufacturing and retail, suggesting a comprehensive approach to market engagement in the welding and electrical equipment sectors [1]

Core Viewpoint - Lincoln Electric Holdings (LECO) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Business Outlook - The upgrade reflects an improvement in Lincoln Electric's underlying business, suggesting that investors may respond positively by driving the stock price higher [5][10]. - For the fiscal year ending December 2025, Lincoln Electric is expected to earn $9.37 per share, with a 2.6% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - The upgrade places Lincoln Electric in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].