证券时报记者聂英好 在浙江经济向高质量发展迈进的进程中，上市公司正以"头雁"姿态引领新兴产业加速崛起、发展壮大， 成为驱动产业变革与经济转型升级的核心力量。 依托资本市场赋能，浙江辖区（不含宁波，下同）上市公司在高端装备制造、新材料、节能环保、新一 代信息技术等战略性新兴产业领域持续突破，通过技术创新、产业链整合与产能扩张，在实现自身高质 量成长的同时，有效带动上下游协同升级，构建起特色鲜明、优势互补的新兴产业生态。 数据显示，截至2025年12月16日，浙江辖区已有战略性新兴产业上市公司194家，在全国各辖区中位居 第二。从增量看，辖区新上市企业的含"新"量不断攀升。战略性新兴产业公司在新上市公司中的占比， 已从2021年的55.71%提高至2025年的100%，生动诠释了资本市场聚力聚焦服务科技创新和产业转型升 级的鲜明政策导向。 锚定风口谋升级 高端装备制造是制造业升级的核心方向，也是浙江重点培育的战略性新兴产业之一。在资本市场助力 下，长盛轴承、思看科技等上市公司深耕细分领域，在人形机器人、三维视觉等热门赛道展现强劲竞争 力。 作为嘉善自润滑轴承产业代表性企业，长盛轴承始终聚焦于滑动轴承的研发与制造， ...

Core Viewpoint - The company reported a decline in total revenue for the first half of 2025, but a significant increase in net profit, indicating a mixed performance influenced by delivery schedules and an increase in overseas orders [1][2]. Financial Performance - Total revenue for the first half of 2025 was 1.3 billion, a year-on-year decrease of 4.8%, while net profit attributable to shareholders was 130 million, a year-on-year increase of 9.1% [1]. - In Q2 2025, total revenue was 580 million, a year-on-year increase of 5.9%, but net profit decreased by 35.3% to 30 million [1][2]. - The gross profit margin and net profit margin for the first half of 2025 were 22.3% and 10.4%, respectively, both showing year-on-year increases [2]. Order and Sales Performance - As of June 30, 2025, the company had a backlog of orders totaling 2.442 billion, with nearly 40% of these orders being overseas, marking a historical high for overseas orders [3]. - The equipment sales business generated revenue of 580 million in the first half of 2025, reflecting a year-on-year growth of 7.5% [3]. Strategic Positioning - The company is actively expanding into high-barrier traditional industries and emerging fields such as electronic gases and nuclear fusion, with its core products achieving world-class standards [3]. - The company has established itself as a leading domestic manufacturer of cryogenic equipment, benefiting from a dual-driven model of "equipment manufacturing" and "investment operation" [4]. Future Outlook - The company anticipates significant revenue growth in the coming years, with projected revenues of 3.23 billion, 3.86 billion, and 4.72 billion for 2025, 2026, and 2027, respectively, reflecting year-on-year growth rates of 18.8%, 19.7%, and 22.2% [4].

Core Viewpoint - Zhongtai Co., Ltd. expects a significant increase in net profit for the third quarter and the first three quarters of 2025, driven by increased domestic and overseas orders and a rise in overseas revenue [2][3]. Financial Performance - The company forecasts a net profit attributable to shareholders of 325 million to 355 million yuan for the first three quarters, representing a year-on-year growth of 71.36% to 87.19% [2][3]. - For the third quarter, the expected net profit is between 190 million to 220 million yuan, showing a year-on-year increase of 187.60% to 233.01% [2][3]. - The impact of non-recurring gains and losses on net profit is estimated to be around 10 million yuan [3]. Business Segments - Zhongtai Co., Ltd. operates in two main segments: deep-cooling equipment manufacturing and gas operation [6]. - The deep-cooling equipment manufacturing segment focuses on chemical energy deep-cooling technology devices, with core products like cold boxes and aluminum plate-fin heat exchangers achieving world-class standards [6]. - The gas operation segment began in 2019 with the acquisition of Shandong Zhongyi Gas and has expanded into large-scale gas operations and rare gas operations [6]. Revenue Breakdown - In the first half of 2025, the company reported total revenue of 1.302 billion yuan, with the equipment sales segment contributing 583 million yuan, a year-on-year increase of 12.83% [7][8]. - The gross margin for the equipment sales segment was 42.28%, reflecting a 12.83% increase compared to the previous year [7][8]. - The gas operation segment generated 644 million yuan in revenue, a decline of 18.64% year-on-year, with a gross margin of 5.06% [8]. Order Backlog - As of June 30, 2025, Zhongtai Co., Ltd. had an order backlog of 2.442 billion yuan in equipment sales, with nearly 40% of these orders coming from overseas [9].