证券日报网讯1月5日，宝色股份（300402）在互动平台回答投资者提问时表示，公司主要从事钛、锆、 镍等有色金属及其合金、高级不锈钢和金属复合材料等特种材料非标压力容器装备的研发、设计、制造 与销售，产品主要包括换热器、塔器、反应器等特种材料非标压力容器装备及管道管件等，广泛应用于 化工、能源、冶金、电力、环保、舰船及海洋工程等领域，是国内特材非标装备制造领域的专业供应 商。随着国家能源产业转型和"双碳"战略的深入推进，以及特材非标压力容器装备下游应用领域的持续 拓展，公司将不断拓展新的业务领域，不断推动公司向新质生产力方向发展。 ...

特刊·广告 2025年12月31日 核心业务 ◆基础研究试验 ◆工艺路线和催化剂开发 ◆技术服务 瑞华技术(920099) ◆化工设备设计及制造 ◆新材料技术开发及制备 ◆技术许可 中石油广西石化27/60万吨/年环氧丙烷联产苯乙烯装置 電州 常州瑞华化工工程技术股份有限公司成立于2007年，2017年股改，2024年 北交所上市。公司致力于为化工企业提供基于化工工艺包技术的成套技术综合解 决方案,核心业务涵盖基础研究试验、工艺路线和催化剂开发、技术许可、技术 服务、化工设备设计与制造以及新材料技术开发及制备,是一家国内领先的石油 化工技术提供商。 公司自主研发的乙苯/苯乙烯成套技术、环氧丙烷/苯乙烯联产成套技术、 正丁烷制顺酐成套技术、聚苯乙烯成套技术等工艺技术均成功实现工业化应用, 在低能耗、低物耗及装置运行稳定性方面都位居国内领先地位。公司技术及产品 成功服务于中石油、浙石化、东明石化、振华石化、福建海泉、中景石化、洛阳 炼化、安徽嘉望、中信国安、辽宁宝来、宁夏宝丰、福建百宏、金澳科技、盛腾 科技等众多大型匡有及民营石油化工企业,并与霍尼韦尔UOP、科莱恩、瑞士 Sulzer、中国寰球等上下游国内外知名 ...

Group 1: Financial Support and Growth - The Industrial and Commercial Bank of China (ICBC) Gansu Branch has focused on integrating into Gansu's development layout, aiming for high-quality local economic growth, with total loan balances expected to exceed 250 billion yuan by May 2025 [1] - The bank has provided loans totaling 2.88 billion yuan to 169 specialized and innovative enterprises in Gansu, with a year-on-year growth of 11.82% in loans to science and technology enterprises, and loans to strategic emerging industries surpassing 30 billion yuan [2] - Agricultural loans from ICBC Gansu Branch reached 32.818 billion yuan, reflecting a year-on-year increase of 14.12%, benefiting over 40,838 households [3] Group 2: Industry Upgrades and Innovations - ICBC Gansu Branch has established a "loan + scene ecology" service system to support the upgrading of industries and the cultivation of new production capacities in Gansu [2] - The bank has tailored financial solutions for companies like Gansu Blue Science and Technology Petrochemical High-tech Equipment Co., providing 50 million yuan in working capital loans to support technological upgrades and expansion [2] - The bank's support for Hualing Dairy Products Co. has included a financing balance of 98 million yuan, facilitating the company's growth in high-value-added yak milk products [3] Group 3: Community and Social Impact - ICBC Gansu Branch has implemented the "smart catering" system in local businesses, enhancing operational efficiency and customer experience in the food industry, exemplified by the Zhang Guoren Beef Noodle Restaurant [4] - The bank has contributed to community welfare through financial support for infrastructure, education, and seasonal assistance, promoting common prosperity in regions like Gongjing Town [4]

Group 1 - The company is a leading enterprise in the domestic cryogenic technology field, achieving a dual-driven development model of "equipment manufacturing + gas operation" [1] - The core products in the equipment manufacturing segment include natural gas liquefaction devices and large air separation units, with the plate-fin heat exchangers being a domestic leader and exported to 53 countries and regions [1] - The company has diversified its operations by investing in the sales of natural gas, industrial gases, and rare gases, enhancing its overall competitiveness [1] Group 2 - Rising oil prices have led to increased upstream investment, with the economic viability of energy and chemical industries improving, particularly in coal chemical and synthetic gas sectors [2] - Fixed asset investment in the domestic petroleum, coal, and other fuel processing industries increased by 18.8% year-on-year from January to May 2025 [2] - The company signed new orders worth approximately 1.8 billion yuan in 2024, representing a year-on-year growth of over 25%, with overseas orders also showing significant growth [2] Group 3 - The gas operation segment is expanding, with the company investing in industrial and rare gases, which are expected to become new revenue growth sources as projects reach production capacity [3] - A joint venture with Korea's Posco Holdings marks the company's first step in both equipment and operation overseas, providing valuable experience for future expansions [3] - The profit margin for industrial gas operations is relatively high, and as the business expands, the company's profitability is expected to improve [3] Group 4 - The company is projected to achieve revenues of 3.23 billion, 3.86 billion, and 4.72 billion yuan from 2025 to 2027, with year-on-year growth rates of 18.8%, 19.7%, and 22.2% respectively [4] - Net profit attributable to the parent company is expected to reach 400 million, 510 million, and 630 million yuan during the same period, with significant growth in 2025 [4] - The company is assigned a target price of 20.9 yuan based on a 20x PE ratio for 2025, indicating a potential upside of approximately 39% from the current stock price [4]

Investment Rating - The report gives a "Strong Buy" rating for the company, with a target price of 20.9 CNY, indicating a potential upside of approximately 39% from the current price of 15.00 CNY [2][9]. Core Insights - The company is a leading player in the deep cooling technology sector, leveraging a dual-engine model of "equipment manufacturing + gas operation" to drive growth. The company has successfully diversified its operations and is expanding into international markets [6][13]. - The demand for deep cooling technology is expected to grow due to rising oil prices and the economic viability of technological innovations in the energy and chemical sectors. The company has seen a significant increase in new orders, particularly from overseas markets [7][8]. - The gas operation segment is also expanding, with the company investing in industrial and rare gases, which are anticipated to become new revenue sources as projects reach production capacity [6][8]. Financial Summary - The company forecasts total revenue of 27.17 billion CNY in 2024, with a year-on-year decline of 10.9%. However, revenue is expected to rebound with growth rates of 18.8%, 19.7%, and 22.2% in the following years [2][9]. - The net profit attributable to shareholders is projected to be -78 million CNY in 2024, but is expected to recover significantly to 403 million CNY in 2025, reflecting a year-on-year growth of 616.3% [2][9]. - Earnings per share (EPS) are expected to improve from -0.20 CNY in 2024 to 1.04 CNY in 2025, with a projected price-to-earnings (P/E) ratio of 20 times for 2025 [2][9]. Business Model and Market Position - The company has established a strong market position in the deep cooling technology sector, with its core products including natural gas liquefaction devices and large air separation units. The company has also successfully exported its products to 53 countries [6][13]. - The gas operation segment has been enhanced through strategic investments, including a joint venture with Posco Holdings to operate projects abroad, marking a significant step in the company's international expansion [6][8]. - The company has a robust order backlog, with new orders in 2024 expected to reach approximately 1.8 billion CNY, a year-on-year increase of over 25% [6][8]. Industry Outlook - The deep cooling technology industry is poised for growth, driven by increasing domestic investments in energy security and the economic viability of coal chemical and natural gas sectors. The company is well-positioned to benefit from these trends [7][8]. - The report highlights the importance of deep cooling technology in enhancing energy efficiency and meeting environmental standards in the coal chemical industry, which is expected to see sustained demand [6][45].

Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index within six months [4][28][33]. Core Insights - The company is a leading manufacturer of graphite materials and equipment in China, focusing on the research, production, sales, and maintenance services of graphite equipment, which is primarily used in chemical production processes [1][13]. - The company has been actively expanding its overseas market presence, with significant contracts in India and Southeast Asia, including a sales contract worth approximately $44.33 million with Adani Group [2][15]. - The company aims to create a four-in-one industrial structure encompassing materials, equipment, systems, and services, which is expected to enhance its competitive advantage and form a core barrier in the industry [3][16]. Summary by Sections Company Overview - The company, Nantong Planet Graphite Co., Ltd., established in 2001, specializes in high-performance graphite equipment, including synthesis furnaces, heat exchangers, and towers, with applications in various sectors such as chlor-alkali, polysilicon, fine chemicals, and pharmaceuticals [1][13]. Financial Performance - The company is projected to achieve revenues of 6.36 billion, 8.99 billion, and 11.38 billion yuan for the years 2024, 2025, and 2026, respectively, with year-on-year growth rates of -17.54%, 41.38%, and 26.69% [4][29]. - The net profit attributable to the parent company is expected to be 1.53 billion, 2.31 billion, and 3.02 billion yuan for the same years, with growth rates of 3.42%, 51.05%, and 30.75% [4][29]. Market Expansion - The company has signed a cooperation agreement to establish Beijing Plannide Engineering Technology Co., Ltd. to accelerate its international market penetration [2][15]. - The company has successfully sold products to multiple countries, including India, Vietnam, and Russia, and has received a prepayment of approximately 1.34 million dollars for its contract with Adani Group [2][15]. Competitive Advantage - The company possesses complete independent research and design capabilities in equipment, placing it at a leading position within the domestic industry. The future strategy focuses on integrating materials, equipment, systems, and services to create an efficient and energy-saving industrial closed loop [3][16].

Investment Rating - The report assigns a "Buy" rating for the company, indicating a favorable outlook for its stock performance [4][28]. Core Insights - The company is a leading manufacturer of graphite materials and equipment in China, focusing on the research, production, sales, and maintenance of graphite equipment, which is primarily used in chemical production processes [1][13]. - The company has been actively expanding its overseas market presence, with significant contracts in India and Southeast Asia, including a notable sales contract worth approximately 44.33 million USD with Adani Group [2][15]. - The company aims to create a four-in-one industrial structure encompassing materials, equipment, systems, and services, which is expected to enhance its competitive advantage and form a core barrier in the industry [3][16]. Summary by Sections Company Overview - The company, Nantong Planet Graphite Co., Ltd., established in 2001, specializes in high-performance graphite equipment, including synthesis furnaces, heat exchangers, and towers, serving various sectors such as chlor-alkali, polysilicon, fine chemicals, and pharmaceuticals [1][13]. Financial Performance and Forecast - The company is projected to achieve revenues of 6.36 billion, 8.99 billion, and 11.38 billion CNY for the years 2024, 2025, and 2026, respectively, with year-on-year growth rates of -17.54%, 41.38%, and 26.69% [4][28]. - The net profit attributable to the parent company is expected to be 1.53 billion, 2.31 billion, and 3.02 billion CNY for the same years, with growth rates of 3.42%, 51.05%, and 30.75% [4][28]. Market Expansion - The company has signed a cooperation agreement to establish Beijing Plannide Engineering Technology Co., Ltd. to accelerate its international market penetration [2][15]. - The company has successfully sold products to multiple countries, including India, Vietnam, and Russia, indicating a robust international demand for its offerings [2][15]. Competitive Positioning - The company possesses complete independent research and design capabilities, placing it at the forefront of the domestic industry, and aims to leverage its technological advantages to benefit from strong overseas market demand [3][16].