11月27日，浙江力诺盘中上涨2.10%，截至13:17，报15.05元/股，成交1217.43万元，换手率0.81%，总 市值20.77亿元。 分红方面，浙江力诺A股上市后累计派现1.37亿元。近三年，累计派现8907.41万元。 机构持仓方面，截止2025年9月30日，浙江力诺十大流通股东中，大成景恒混合A（090019）位居第八 大流通股东，持股83.22万股，持股数量较上期不变。中信保诚多策略混合(LOF)A（165531）位居第九 大流通股东，持股62.41万股，为新进股东。诺安多策略混合A（320016）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，浙江力诺流体控制科技股份有限公司位于浙江省温州市瑞安市上望街道望海路2899号，成立 日期2003年1月9日，上市日期2020年6月8日，公司主营业务涉及工业控制阀的研发、生产和销售。主营 业务收入构成为：开关阀50.30%，调节阀37.16%，工艺阀6.29%，配件5.47%，其他(补充)0.78%。 浙江力诺所属申万行业为：机械设备-通用设备-金属制品。所属概念板块包括：小盘、微盘股、地下管 廊、太阳能、水利建设等。 截至9月30日，浙江力 ...

Group 1 - The core viewpoint of the news is that Zhejiang Lino experienced a decline in stock price, dropping by 5.04% to 15.27 CNY per share, with a total market capitalization of 2.107 billion CNY [1] - Zhejiang Lino specializes in the research, production, and sales of industrial control valves, with its main business revenue composition being: switch valves 50.30%, regulating valves 37.16%, process valves 6.29%, accessories 5.47%, and others 0.78% [1] - The company is located in Ruian City, Wenzhou, Zhejiang Province, and was established on January 9, 2003, with its listing date on June 8, 2020 [1] Group 2 - From the perspective of the top circulating shareholders, CITIC Prudential Fund has a fund that entered the top ten circulating shareholders of Zhejiang Lino, holding 624,100 shares, which accounts for 0.61% of the circulating shares [2] - The CITIC Prudential Multi-Strategy Mixed Fund (LOF) A (165531) was established on June 16, 2017, and has a latest scale of 1.133 billion CNY, with a year-to-date return of 49.61% [2] - The fund manager, Wang Ying, has been in position for 8 years and 279 days, with the fund's total asset scale at 4.904 billion CNY [3]

Core Viewpoint - Zhejiang Lino's stock price has experienced fluctuations, with a current decline of 2.30% and a year-to-date increase of 25.58% [1][2]. Company Overview - Zhejiang Lino Fluid Control Technology Co., Ltd. was established on January 9, 2003, and went public on June 8, 2020. The company specializes in the research, production, and sales of industrial control valves [2]. - The company's revenue composition includes: 50.30% from switch valves, 37.16% from regulating valves, 6.29% from process valves, 5.47% from accessories, and 0.78% from other sources [2]. Financial Performance - For the period from January to September 2025, Zhejiang Lino achieved a revenue of 723 million yuan, representing a year-on-year growth of 1.57%. However, the net profit attributable to shareholders decreased by 56.23% to 10.45 million yuan [2]. - Cumulative cash dividends since the company's A-share listing amount to 137 million yuan, with 89.07 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 12.52% to 11,800, while the average circulating shares per person decreased by 11.13% to 8,613 shares [2]. - Among the top ten circulating shareholders, Dazheng Jingheng Mixed A holds 832,200 shares, remaining unchanged, while CITIC Prudential Multi-Strategy Mixed A is a new entrant with 624,100 shares [3].

Core Points - Zhejiang Lino's stock price dropped by 5.21% on September 23, closing at 13.45 CNY per share, with a trading volume of 17.71 million CNY and a turnover rate of 1.26%, resulting in a total market capitalization of 1.856 billion CNY [1] - The stock has experienced a continuous decline for four consecutive days, with a cumulative drop of 4.25% during this period [1] Company Overview - Zhejiang Lino Fluid Control Technology Co., Ltd. was established on January 9, 2003, and went public on June 8, 2020 [1] - The company specializes in the research, production, and sales of industrial control valves, with its main business revenue composition as follows: 50.30% from switch valves, 37.16% from regulating valves, 6.29% from process valves, 5.47% from accessories, and 0.78% from other sources [1] Shareholder Information - Among the top ten circulating shareholders of Zhejiang Lino, Dazhong Fund's Dazhong Jingheng Mixed A (090019) holds 832,200 shares, unchanged from the previous period, accounting for 0.82% of the circulating shares [2] - The estimated floating loss for Dazhong Jingheng Mixed A today is approximately 615,800 CNY, with a floating loss of 524,300 CNY during the four-day decline [2] - Dazhong Jingheng Mixed A was established on June 15, 2012, with a current scale of 397 million CNY, achieving a year-to-date return of 38.27% and a one-year return of 105.11% [2]

Core Viewpoint - Zhejiang Lino's stock price has shown fluctuations with a year-to-date increase of 17.67%, while facing a decline of 6.66% over the past 20 days [2] Company Overview - Zhejiang Lino Fluid Control Technology Co., Ltd. was established on January 9, 2003, and went public on June 8, 2020. The company specializes in the research, production, and sales of industrial control valves [2] - The company's revenue composition includes: 50.30% from switch valves, 37.16% from regulating valves, 6.29% from process valves, 5.47% from accessories, and 0.78% from other sources [2] - As of June 30, 2025, the number of shareholders increased by 20.42% to 10,500, while the average circulating shares per person decreased by 16.96% to 9,692 shares [2] Financial Performance - For the first half of 2025, Zhejiang Lino reported a revenue of 406 million yuan, representing a year-on-year decrease of 10.77%. The net profit attributable to shareholders was 7.19 million yuan, down 68.12% year-on-year [2] - The company has distributed a total of 137 million yuan in dividends since its A-share listing, with 89.07 million yuan distributed over the past three years [3] Shareholding Structure - As of June 30, 2025, the top ten circulating shareholders include Dazheng Jingheng Mixed A (090019) holding 832,200 shares, unchanged from the previous period, and Nuoan Multi-Strategy Mixed A (320016) as a new shareholder with 712,300 shares [3]

Group 1 - Zhejiang Lino Fluid Control Technology Co., Ltd. experienced a stock decline of 5.03% on August 27, with a share price of 14.92 yuan and a total market capitalization of 2.059 billion yuan [1] - The company, established on January 9, 2003, and listed on June 8, 2020, specializes in the research, production, and sales of industrial control valves [1] - The revenue composition of the company's main business includes: switch valves 61.08%, regulating valves 27.45%, process valves 9.98%, accessories 0.83%, and others 0.66% [1] Group 2 - Among the top ten circulating shareholders of Zhejiang Lino, Dazhong Fund's Dazhong Jingheng Mixed A (090019) holds 832,200 shares, unchanged from the previous period, representing 0.82% of circulating shares [2] - The Dazhong Jingheng Mixed A fund has a current scale of 397 million yuan and has achieved a return of 38% this year, ranking 1182 out of 8194 in its category [2] - Over the past year, the fund has returned 100.94%, ranking 275 out of 7963, and since its inception, it has achieved a return of 363.38% [2] Group 3 - The fund manager of Dazhong Jingheng Mixed A is Su Bingyi, who has a cumulative tenure of 13 years and 204 days, managing assets totaling 1.24 billion yuan [3] - During his tenure, the best fund return was 241.47%, while the worst return was -71.74% [3]

Core Insights - The article highlights the transformation of the manufacturing industry driven by Industry 4.0, emphasizing the integration of new information technologies with manufacturing processes [1] - Zhejiang Lino has made significant contributions to domestic substitution in the valve industry while achieving remarkable growth [1] Company Overview - Zhejiang Lino has been focused on the research, production, sales, and after-sales service of industrial control valves since its establishment in 2004, providing customized solutions for process control systems [4] - Initially, 90% of the company's orders came from the paper industry, but it shifted its strategy in 2008 to penetrate other sectors such as petrochemicals and mining [4] - The company went public on the New Third Board in 2014 and successfully listed on the Growth Enterprise Market in June 2020, with revenue surpassing 500 million yuan in 2018 [4][5] Technological Innovation - Zhejiang Lino has established itself as a "hidden champion" in the industrial automation wave, achieving significant upgrades from technology introduction to independent innovation [5] - The company has a strong focus on R&D, with 107 authorized patents as of the end of 2024, and collaborates with research institutions and universities to enhance its R&D capabilities [11][10] Domestic Substitution Efforts - Control valves are critical in process industries, yet the domestic substitution rate for core components like positioners is below 10% [12] - In 2023, Zhejiang Lino established a subsidiary in Mianyang to tackle key technologies in collaboration with Xi'an Jiaotong University [12] - The company achieved a breakthrough in March 2025 with the mass production of self-developed intelligent positioners, becoming one of the few companies in China to achieve full-chain autonomy in control valves [13] Smart Manufacturing - The company has invested in an 82-acre smart manufacturing base, enhancing production capacity and integrating digital technologies for real-time data feedback [15] - The use of AI digital twin platforms allows customers to monitor workshop dynamics remotely, promoting transparency and trust in the industrial ecosystem [16] Strategic Acquisitions - Zhejiang Lino announced the acquisition of Xuzhou Chemical Machinery Co., which will enhance its full industry chain layout and expand its market share in various sectors [17][18] - The acquisition will enable the company to integrate its product offerings, including control valves and intelligent positioners, across different industrial applications [18] Future Vision - The company emphasizes employee well-being by creating facilities such as reading areas and sports amenities, aiming to foster a positive work environment [19][20] - Chairman Chen Xiaoyu likens the company's long-term strategy to the aging process of white tea, suggesting that patience and focus on core competencies will yield enduring success [22][24]

Core Viewpoint - The company, Zhejiang Lino Fluid Control Technology Co., Ltd., reported a significant decline in revenue and net profit for the year, attributed to various market challenges, while emphasizing its commitment to high-quality development and strategic investments in technology and industry chain expansion [11][12]. Company Overview - Zhejiang Lino focuses on the research, production, sales, and after-sales service of industrial control valves, providing customized and systematic solutions for process control systems [6][7]. - The main product categories include control valves, process valves, positioners, and accessories, which are essential in various industries such as petrochemical, energy, and pharmaceuticals [6][8]. Financial Performance - For the reporting period, the company achieved an operating income of CNY 932.81 million, a year-on-year decrease of 16.05% - The net profit attributable to shareholders was CNY 18.33 million, down 82.88% year-on-year - Total assets at the end of 2024 were CNY 1.54 billion, an increase of 5.84% from the beginning of the year, while net assets decreased by 1.95% to CNY 987.31 million [11]. Profit Distribution - The company proposed a cash dividend of CNY 1.50 per 10 shares, totaling CNY 20.70 million, with no stock dividends or capital reserve transfers [12][19]. Strategic Initiatives - The company plans to concentrate resources on core business areas, enhance cost control, and improve operational efficiency to boost profitability [12]. - It aims to strengthen its technology development, product quality, and digital transformation while expanding its industry chain layout [11]. Investment Activities - The company increased its stake in Longyou Krite Machinery Equipment Co., Ltd. to 53.45% through a capital increase and acquisition of additional shares [13][14]. - It also acquired a 33.38% stake in Jiangsu Fengci New Materials Technology Co., Ltd. during the reporting period [14]. Governance and Compliance - The company’s board and supervisory committee meetings were conducted in compliance with relevant laws and regulations, ensuring transparency and accountability in decision-making [18][67]. - The company plans to renew its audit engagement with Zhonghui Certified Public Accountants for the 2025 fiscal year [51][82].