Group 1 - The stock price of Weihai Guangtai closed at 10.92 yuan on August 5, 2025, down 0.09% from the previous trading day, with a trading volume of 107,629 hands and a transaction amount of 117 million yuan [1] - Weihai Guangtai is primarily engaged in the research and production of airport ground equipment, firefighting equipment, and special vehicles, with products including airport container/loading platforms, aircraft towing vehicles, fire trucks, and emergency rescue equipment [1] - In the first half of 2025, the company reported an operating income of 1.425 billion yuan, a year-on-year increase of 10.91%, but the net profit attributable to shareholders was 83 million yuan, a year-on-year decrease of 22.41% [1] Group 2 - The decline in net profit is attributed to lower gross margins on delivered orders and a decrease in foreign exchange gains [1] - The company announced that the first phase of its employee stock ownership plan, involving 7.61 million shares, has been fully sold [1] - On August 5, the net outflow of main funds was 8.7508 million yuan, with a cumulative net outflow of 28.5047 million yuan over the past five days [1]

Group 1 - The company is focused on building an intelligent high-end equipment manufacturing platform [1] - The main areas of focus are airport equipment and emergency rescue equipment [1] - The company currently does not have any industrial layout in the nuclear power sector [1]

Core Insights - The exhibition "UGOL ROSSII & MINING 2025" will take place from June 3-6, 2025, in New Kuznetsk, organized by Kuzbass Fair and supported by Beijing Shengruida International Exhibition Co., Ltd [1] - The event, established in 1993, has grown significantly, with the 2024 edition featuring 100,000 square meters of exhibition space, 841 companies, and 60,000 attendees, showcasing its industry influence [3] - The upcoming exhibition is expected to attract over 1,200 companies from more than 30 countries, covering a 100,000 square meter area, highlighting advancements in mining technology and equipment [5] Exhibition Highlights - The exhibition will present a comprehensive range of mining technologies and equipment, focusing on: 1. Core mining equipment, including intelligent coal mining machines and hydraulic supports, emphasizing efficiency and safety in coal mining [5] 2. Innovations in mineral processing technology, showcasing complete solutions from raw ore processing to concentrate production [5] 3. Green development solutions, featuring coal washing and processing technologies, as well as ecological restoration techniques [5] 4. Intelligent safety systems, including explosion-proof electrical equipment and 5G remote monitoring systems, to enhance mining safety [5] 5. Cutting-edge technological breakthroughs, such as the global launch of a digital management platform for mines and a 5G+AI real-time monitoring system [5] Market Opportunities - The ongoing geopolitical situation has altered procurement patterns, presenting opportunities for Chinese companies to enter the Russian-speaking market with high-cost performance equipment [7] - The exhibition serves as a platform for companies to connect with Russian buyers and explore a trillion-level market [7] - "UGOL ROSSII & MINING 2025" is positioned as both a technological showcase and an ecological collaboration opportunity for industry peers [7]

盈利预测与投资评级：公司业绩相对承压，我们下调先前的预测，预计公司2025-2026 年的归母净利润 分别为1.33/1.62 亿元，前值4.20/4.80亿元，新增2027 年预期1.85 亿元，对应 PE 分别为40/33/29 倍，考 虑到国内外航空业恢复叠加公司电动化技术优势，因此维持"买入"评级。 产品积累和技术突破方面取得了显著成果：在空港装备领域，公司完成了全系列空港装备电动化开发与 制造，形成了覆盖机场六大作业单元的电动化产品体系，电动化产品不仅在国内市场占有率领先，还在 国际市场上逐步扩大影响力。公司还针对通航机场需求，研发了专用空港装备，进一步丰富了产品种 类。在应急救援装备方面，公司构建了"空地一体化"应急救援解决方案，涵盖消防救援、移动医疗、无 人机装备和消防报警等多个领域。消防救援装备方面，公司推出了多款高性能消防车和应急救援车辆， 满足不同灾种场景需求，提升了康氧类保障装备性能。 应急救援装备产业也取得重要进展，市场突破显著：2024 年公司应急救援装备产业取得重要进展，特 别是在移动医疗装备领域，形成了涵盖多作业单元的方舱医疗车产品体系。公司在空港装备和消防救援 装备领域取得了显 ...

从行业市盈率排名来看，公司所处的专用设备行业市盈率平均59.86倍，行业中值44.00倍，威海广泰排 名第119位。 股东方面，截至2025年2月28日，威海广泰股东户数39583户，较上次增加1255户，户均持股市值35.28 万元，户均持股数量2.76万股。 4月16日，威海广泰今日收盘9.84元，下跌1.20%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到28.08倍，总市值52.35亿元。 最新一期业绩显示，2024年三季报，公司实现营业收入20.74亿元，同比28.94%；净利润1.29亿元，同 比89.14%，销售毛利率26.18%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)119威海广泰28.0841.651.7152.35亿行业平均 59.8665.064.0355.86亿行业中值44.0041.252.7035.18亿1巨能股份-1833.67-1833.677.8320.52亿2亿嘉 和-1775.95-667.952.9267.17亿3巨轮智能-1677.13-648.428.16198.39亿4远大智能-760.54113.033.0335.06亿 5开勒 ...