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 Insights - Zhejiang Lino Fluid Control Technology Co., Ltd. has been recognized for its dual-driven strategy of internal growth and external expansion to tackle industry challenges, providing a model for traditional manufacturing in Zhejiang Province [1][4] - The control valve industry is facing significant challenges in 2024 due to deep cyclical adjustments in downstream sectors like polysilicon and lithium batteries, leading to intense market price competition and extended project construction cycles [1][4] Internal Growth Strategy - The company emphasizes technological innovation, product quality enhancement, production management, digital transformation, and talent development to strengthen its internal growth [1][2] - A multi-dimensional and systematic approach is adopted, integrating technology research, management optimization, and digital transformation across various operational aspects [1][2] - Continuous innovation in product offerings includes low-leakage ball valves, angle valves, and high-frequency high-pressure ball valves, addressing specific customer needs in complex working environments [1][2] Management and Operational Efficiency - The company is implementing management reforms focused on refined management practices throughout production and key customer projects [2] - A professional team is engaged in process optimization, achieving standardization in management and data, which enhances decision-making efficiency [2] - The marketing system has been optimized with a structure that promotes collaboration between headquarters and regional teams, allowing for real-time market data integration and customer development [2] Digital Transformation - The company has integrated core systems such as ERP, MES, PLM, WMS, and BI to create a comprehensive information platform that enhances order processing and market responsiveness [2] - This integration facilitates rapid information transfer and precise alignment with market demands, improving after-sales service capabilities [2] External Expansion Strategy - The company’s main business involves the R&D, production, sales, and after-sales service of industrial control valves, with a focus on providing personalized and diversified solutions [3] - A significant acquisition of 100% equity in Xuzhou Chemical Machinery Co., Ltd. for 260 million yuan is planned, aimed at enhancing the company's capabilities in the control valve sector [3][4] - This acquisition is expected to fill product structure gaps and leverage Xuzhou Chemical Machinery's established technical expertise and market presence [3][4] Market Positioning and Future Outlook - The acquisition will enable Zhejiang Lino to gain extensive application experience and brand recognition in various industries, including coal chemical and petroleum chemical sectors [4] - The strategic location of both companies enhances their ability to respond to market demands in northern China, expanding the company's market footprint [4] - The recognition as a model for internal growth and external expansion underscores the company's commitment to technological innovation and management transformation, positioning it for long-term success in the control valve industry [4]

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 Viewpoint - The switch valve industry in China is experiencing significant growth, driven by increasing demand in traditional sectors and emerging fields, with market size expected to reach 400 billion yuan by 2031 [1][6][15]. Group 1: Industry Development Status - Switch valves are essential components in fluid control systems, widely used in industries such as petrochemicals, power, and water treatment [2][6]. - The market size for switch valves in China is projected to grow from 11.62 billion yuan in 2016 to 21.23 billion yuan in 2024, with expectations to reach 26.27 billion yuan by 2025 and exceed 40 billion yuan by 2031 [1][6]. Group 2: Industry Chain - The upstream of the switch valve industry includes suppliers of raw materials (such as stainless steel, carbon steel, and various non-metallic materials) and components [8]. - The midstream involves the manufacturing of switch valves, while the downstream applications span across traditional industries and emerging sectors [8]. Group 3: Industry Policies - Recent government policies have been implemented to promote the development of the valve industry, emphasizing the importance of manufacturing in the national economy [10][12]. Group 4: Competitive Landscape - The switch valve market in China is characterized by intense competition, with many small and medium-sized enterprises and a dominance of foreign companies in the high-end market [13]. - Key domestic players include Neway Valve, Fangzheng Valve, and Zhongke Su Valve, among others, which are gradually improving their technology and quality to capture market share [13][14]. Group 5: Industry Development Trends - The switch valve industry is undergoing a transformation towards intelligence, high-end products, and sustainability, with emerging fields like hydrogen energy and semiconductors expected to drive future growth [15].

Core Viewpoint - Zhejiang Lino plans to acquire 100% equity of Xuzhou Chemical Machinery Co., Ltd. for 260 million yuan, which will enhance its technical capabilities and market presence in the control valve sector [1][2]. Company Overview - Xuzhou Chemical Machinery was established in 2004 from the restructuring of Xuzhou Chemical Machinery Factory and is a pioneer in the production of control valves in China, with a strong technical foundation [2]. - The company has a significant history in the industry, having introduced German technology in 1995 and developed into a high-tech enterprise with complete independent intellectual property rights [2]. Market Position and Product Offering - Control valves are categorized into regulating valves and switching valves, with Zhejiang Lino's revenue composition showing over 60% from switching valves and only about 25% from regulating valves [3]. - The acquisition of Xuzhou Chemical Machinery will help Zhejiang Lino address its deficiencies in regulating valve technology and product variety, thereby enhancing its overall strength [3]. Industry Application and Expansion - Xuzhou Chemical Machinery's products are widely used in coal chemical, petrochemical, and cryogenic industries, providing valuable application experience and brand recognition [3]. - Zhejiang Lino primarily serves the fine chemical and paper industries, with limited high-end applications in coal chemical and petrochemical sectors, indicating potential for market expansion [3]. Strategic Benefits of Acquisition - The acquisition will allow Zhejiang Lino to expand its industrial layout in Northern China, leveraging Xuzhou's strong industrial base [4]. - The integration of both companies' resources and brand strengths is expected to create synergies, enhance competitiveness, and accelerate business development for sustainable growth [4].