Group 1 - Jiangsu Shentong (002438) disclosed that shareholder Ningbo Jiyuan Ruili Venture Capital Partnership (Limited Partnership) pledged a total of 10.08 million shares, accounting for 1.99% of the total share capital [1] - The details of the pledge include 6.72 million shares (8.13% of its holdings, 1.33% of total share capital) starting from August 27, 2025, and 3.36 million shares (4.06% of its holdings, 0.66% of total share capital) starting from August 28, 2025 [1] - As of the announcement date, Ningbo Jiyuan Ruili has pledged a total of 10.08 million shares, representing 12.19% of its total holdings, while another shareholder, Huzhou Fenglin Huoshan Equity Investment Partnership (Limited Partnership), has pledged 10.70 million shares, accounting for 42.16% of its holdings [1] Group 2 - Jiangsu Shentong reported a main revenue of 1.068 billion yuan for the first half of 2025, an increase of 1.52% year-on-year, and a net profit attributable to shareholders of 150 million yuan, up 4.72% year-on-year [3] - In Q2 2025, the company achieved a single-quarter main revenue of 491 million yuan, a year-on-year increase of 1.9%, and a net profit attributable to shareholders of approximately 60.89 million yuan, up 1.61% year-on-year [3] - The company has a debt ratio of 40.37%, investment income of approximately 13.99 million yuan, financial expenses of approximately 8.31 million yuan, and a gross profit margin of 32.33% [3] Group 3 - Jiangsu Shentong primarily engages in the research, production, and sales of special valves and flanges used in metallurgical applications, nuclear power plants, and petrochemical industries [4] - The company also conducts project investment business related to dry dust removal systems and energy management through its subsidiary Ruifan Energy [4]

Core Viewpoint - Jiangsu Shentong reported a revenue of 577.47 million yuan in Q1 2025, reflecting a year-on-year growth of 1.21%, and a net profit of 89.50 million yuan, up 6.94%, indicating strong competitiveness in the nuclear valve market [1][2] Financial Performance - The company achieved a revenue of 577.47 million yuan in Q1 2025, which is a 1.21% increase compared to the previous year [1] - The net profit attributable to shareholders was 89.50 million yuan, representing a 6.94% year-on-year growth [1] Business Development - The company emphasizes sustainable development through energy conservation and green production, utilizing low-energy equipment and enhancing automation in production processes [1] - Jiangsu Shentong is committed to building an environmentally friendly manufacturing enterprise by investing in efficient pollutant treatment devices [1] Market Outlook - The demand for nuclear valves is expected to grow due to advancements in nuclear technology and its expanding application areas [1] - The company plans to increase R&D investment and new product development to drive high-quality growth [2] - Jiangsu Shentong specializes in various valve systems for industries such as metallurgy, nuclear power, petrochemicals, and coal chemical [2]