证券日报网讯 1月7日，常宝股份在互动平台回答投资者提问时表示，航天液压控制管路及油路用管、 核电用管是公司新产品研发的方向。公司特材项目已竣工，当前正在开展工艺调试、客户认证、挂样测 试、市场拓展等，正有计划进行市场的开发。目前，公司HRSG产品在手订单充足，公司将加大HRSG 产品的产能挖潜和结构升级，以灵活应对国内外市场需求变化，提升产品的价值率。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网12月25日讯 ，常宝股份在接受投资者提问时表示，锅炉管目前已经成为公司营收占比最大 的产品。公司长期深耕中小口径锅炉管领域，凭借持续的技术沉淀与稳定的产品品质，在行业内树立了 良好的品牌口碑，赢得了市场与客户的高度认可。当前公司锅炉管产品主要聚焦两大应用领域，即燃煤 发电机组用锅炉管及燃气轮机联合循环发电用HRSG管。在燃煤发电机组用锅炉管领域，煤电长期以来 是我国电力供应的核心支柱，未来几年火电仍将承担电力保供主体责任，同时新能源调峰需求、算力中 心与数据中心建设带来的持续电力需求及老旧机组的维修升级也将持续释放市场需求。在燃气轮机联合 循环发电用HRSG管领域，近几年国际市场燃气装机发电机组装机规模正稳步提升，HRSG管市场需求 稳健。目前综合行业政策导向、下游需求支撑及当前市场需求，预计锅炉管市场整体将保持景气态势。 公司将加大锅炉管产能挖潜与产品结构升级优化力度，加快释放优质产能，重点推进高端不锈钢锅炉 管、特色锅炉管等高端产品的市场推广，强化客户需求响应与服务能力，提升综合竞争优势。 ...

3、公司 HRSG 产品是否有提升产能计划？ 回复：通过多年的技术研究、产品开发、技术积累及市场 开拓，HRSG 产品已经成为公司重点特色产品。公司可生产超长、 超薄、高钢级 HRSG 产品。通过核心技术工艺控制，逐步形成了 质量优、交期快、多品种、小批量竞争优势。近年来，公司 HRSG 产品产销量逐年上升，长期与国内外头部品牌企业保持稳定供 货。当前公司 HRSG 产线保持负荷运行，2026 年将根据市场需 求的情况，进一步优化生产组织安排，加大 HRSG 产品的产能挖 潜和结构升级，进一步开发不锈钢及镍基 HRSG 产品，以灵活应 对市场需求的增长和变化，持续提升产品的竞争力和价值率。 4、常宝特材项目进展及近期市场规划？ 证券代码：002478 证券简称：常宝股份 江苏常宝钢管股份有限公司投资者关系活动记录表 编号：2025-012 | | 特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系 | □媒体采访 | □业绩说明会 | | 活动类别 | □新闻发布会 | □路演活动 | | | 现场参观 | 电话会议 | | 时间 | 2025 年 12 月 24 ...

南财智讯12月19日电，常宝股份在投资者关系活动中表示，常宝特材项目已于2025年11月21日正式竣工 投产并进入生产运营阶段，当前正开展工艺调试优化、客户认证、挂样测试及市场拓展等工作。公司将 重点推进不锈钢锅炉管、HRSG产品、高端换热器用管、镍基合金油管等产品的市场开发，同时有计划 地推进海洋脐带缆用管、EP管等领域的国产替代产品研发与推广，力争早日实现项目既定目标。 ...

证券代码：002478 证券简称：常宝股份 江苏常宝钢管股份有限公司投资者关系活动记录表 编号：2025-011 | | 特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系 | □媒体采访 | □业绩说明会 | | 活动类别 | □新闻发布会 | □路演活动 | | | 现场参观 | 电话会议 | | 时间 | 2025 年 12 月 17 日——2025 | 年 12 月 18 日 | | 参与单位名称 | 一、现场调研 | 华创证券 沈晨 | | 及人员姓名 | 中信建投 屈文敏 | 平安资产 张旭欣 | | | 中信建投 陈宣霖 | 长江证券 易轰 | | | 富国基金 罗松 | 国信证券 睢久伟 | | | 富国基金 张孝达 | 中金银海基金 雍心 郭佳怡 | | | 博普资产 章腾飞 | 前海恒江基金 周泽翊 | | | 和谐汇一 孙纯鹏 | 约牛私募 高嘉伟 | | | 中欧基金 马思源 | 石峰资产 李青霖 | | | 南方基金 王博 | 华润金控 郭常林 | | | 华泰证券 王龙钰 | 运舟资本 柳烨 | | | 幸福人寿 张裕肖 | 二、电话会 ...

中证报中证网讯（记者 孟培嘉）常宝股份（002478）在12月15日披露的投资者关系活动记录表中表 示，公司锅炉管产品主要聚焦两大应用领域，包括燃煤发电机组用锅炉管与燃气轮机联合循环发电用 HRSG（余热锅炉）管。 "在燃气轮机联合循环发电用HRSG管领域，近几年国际市场燃气发电机组装机规模正稳步提升，HRSG 管市场需求稳健。"常宝股份相关负责人表示，目前综合行业政策导向、下游需求支撑及当前市场需 求，预计锅炉管市场整体将保持景气态势。公司将加大锅炉管产能潜力挖掘与产品结构升级优化力度。 ...

证券代码：002478 证券简称：常宝股份 江苏常宝钢管股份有限公司投资者关系活动记录表 编号：2025-010 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | 现场参观 电话会议 | | 时间 | 2025 年 12 月 12 日 下午 15:00-17:00 | | 参与单位名称 | 中金公司 张树伟 | | 及人员姓名 | 东方证券 刘洋 | | | 东方证券 黄雨韵 | | | 天倚道投资 胡佳 | | | 容光私募 黄沛然 | | | Monolith（砺思资本）苏晟宇 | | 地点 | 公司会议室 | | 上市公司 | 董事会秘书刘志峰 | | 接待人员姓名 | | | | 一、公司介绍、工厂参观 | | | 二、问答交流 | | | 1、公司未来的产品规划情况？ | | | 回复：公司将聚焦特种专用管材细分领域，践行高端化、 | | | 品牌化、细分化产品战略，以做强做精特色优势产品，攻坚突 | | 投资者关系活动 | 破高端产品，拓展布局新市场新领域为核心方向，全 ...

Company Overview - Jiangsu Changbao Steel Tube Co., Ltd. specializes in the research, manufacturing, and service of special pipes, established in 1958 and listed on the Shenzhen Stock Exchange in 2010 [2][3] - The company focuses on small-diameter special seamless pipes, with an annual production capacity of 1 million tons across three manufacturing bases [2][3] Financial Performance - In the first three quarters of 2025, the company achieved a revenue of CNY 4.284 billion, with a net profit attributable to shareholders of CNY 392 million and a net cash flow from operations of CNY 249 million [3] Product Development and Market Strategy - The special material project has been completed and is currently in the market expansion phase, with plans to accelerate the development of high-end products such as stainless steel boiler pipes and nickel-based alloy oil pipes [4][6] - The HRSG product line, established in 2010, has become a key production line, focusing on high-quality, fast delivery, and a variety of small-batch production [5] Future Capacity and Product Planning - The company aims to maintain stable production capacity while enhancing product structure and market segmentation, focusing on high-end and niche products [6] - Plans include increasing the proportion of unconventional oil and gas products in the oil pipe sector and promoting stainless steel and high-temperature alloy products in the boiler pipe sector [6] Digital and Intelligent Development - The company is advancing digitalization and automation in production lines, integrating technologies such as industrial internet and big data to enhance manufacturing efficiency [7] Shareholder Return Strategy - Since its listing in 2010, the company has maintained a tradition of continuous dividends and has established a transparent shareholder return system [9] Global Expansion Plans - The company is committed to a globalization strategy, focusing on international market expansion and brand recognition [10] Talent and Incentive Mechanisms - The company has implemented stock incentive plans in 2021 and 2023 to enhance team motivation and will continue to optimize its performance and compensation systems [11] Business Philosophy and Transformation - The company emphasizes long-term value management and brand development, aiming to enhance its core competitiveness through continuous improvement and innovation [12][13]

Core Points - The stock price of Youfa Group has decreased by 2.04% to 6.25 CNY per share as of November 21, with a market capitalization of 9.064 billion CNY [1] - Year-to-date, Youfa Group's stock price has increased by 20.94%, but it has seen a decline of 6.72% in the last five trading days and 9.81% in the last twenty days [2] Financial Performance - For the period from January to September 2025, Youfa Group reported a revenue of 37.992 billion CNY, a year-on-year decrease of 5.19%, while the net profit attributable to shareholders increased by 399.25% to 500 million CNY [2] - The company has distributed a total of 1.905 billion CNY in dividends since its A-share listing, with 1.054 billion CNY distributed over the last three years [2] Shareholder Information - As of November 10, Youfa Group had 37,000 shareholders, an increase of 19.92% from the previous period, with an average of 39,197 circulating shares per shareholder, a decrease of 16.61% [2] Business Overview - Youfa Group, established on December 26, 2011, specializes in the research, production, and sales of welded steel pipes, with its main revenue sources being galvanized steel pipes (47.51%) and welded steel pipes (38.07%) [2] - The company is classified under the steel industry, specifically in the sub-sector of steel pipes, and is associated with various concepts including underground utility tunnels and new urbanization [2]

Core Viewpoint - The company aims to enhance its operational fundamentals and core competitiveness over the next 3-5 years by focusing on new project implementation, product structure upgrades, international development strategies, and operational efficiency improvements [1] New Project Implementation - The company plans to leverage existing customer resources and brand recognition to expand the domestic production of specialty materials and precision pipe projects, gradually building brand recognition and releasing production capacity for new products [1] Product Structure Optimization - The company will continue to increase the proportion of specialty and high-value products, focusing on complex oil and gas extraction fields, and developing technology and markets for non-API products, special couplings, and deep-sea oil and gas products [1] - There will be an emphasis on enhancing the production capacity of specialty boiler pipe products such as HRSG, T91, and T92, while promoting stainless steel and high-temperature alloy boiler pipes to improve value [1] - The company aims to cultivate more leading products in niche markets based on its established specialty brands, gradually increasing overall gross margin levels [1] International Development - The company will focus on improving response speed and customer satisfaction for overseas clients, accelerating the certification and development process for new products and clients, and enhancing competitiveness in international markets [1] - Continuous monitoring of external environmental changes will be conducted to seize opportunities in overseas markets and explore international expansion [1] Operational Efficiency - The company will prioritize efforts in digitalization, information technology, green low-carbon initiatives, and lean operations to enhance operational quality and standards [1] - A comprehensive approach will be taken to continuously improve product profitability and core competitiveness [1]