Core Viewpoint - The company is experiencing rapid growth in performance, with a significant increase in contract liabilities year-on-year, indicating a strong order backlog. The ongoing globalization and diversification strategies are supporting long-term growth [1][2]. Financial Performance - The company achieved a revenue of 6.238 billion yuan in 2024, representing a year-on-year increase of 12.50%, and a net profit attributable to shareholders of 1.156 billion yuan, up 60.10% year-on-year [2]. - In Q1 2025, the company reported a revenue of 1.556 billion yuan, a 14.44% increase year-on-year, and a net profit of 263 million yuan, reflecting a 33.52% year-on-year growth [2]. - The gross margin and net margin for 2024 were 38.10% and 18.69%, respectively, showing an increase of 6.70 percentage points and 5.44 percentage points year-on-year [2]. - For Q1 2025, the gross margin and net margin were 35.38% and 17.05%, respectively, with increases of 2.07 percentage points and 2.39 percentage points year-on-year [2]. Contract Liabilities and Cash Flow - By the end of 2024, the company's contract liabilities reached 354 million yuan, nearly doubling year-on-year, confirming a robust order backlog [3]. - The net operating cash flow for 2024 and Q1 2025 was 1.112 billion yuan and 325 million yuan, respectively, showing significant improvements of 74.50% and 415.91% year-on-year [3]. Globalization and Diversification Strategy - The company offers a comprehensive range of industrial valve solutions, including gate valves, globe valves, check valves, ball valves, butterfly valves, control valves, and nuclear valves, catering to diverse customer needs [4]. - The company is actively responding to market demands in emerging sectors such as renewable energy, nuclear power, and marine engineering, accelerating technological upgrades and achieving breakthroughs in key technology areas [4]. - The globalization strategy is advancing, with the establishment of sales subsidiaries or offices in over 90 countries across five continents, including North America, Europe, Southeast Asia, the Middle East, and West Africa [4]. - The company plans to invest approximately 11 million USD to establish a wholly-owned subsidiary in Saudi Arabia for local production capacity development [4].

冠龙节能董事长兼总经理李政宏回复：目前阀门行业集中度较低，确实存在着较多整合机会。冠龙节能 一直秉持着开放发展的战略眼光，积极关注行业内的优质资源，对于通过并购来扩大产能或获取技术持 积极且审慎的态度。 更多业绩说明会详情，请点击：https://rs.p5w.net/html/146175.shtml 在获取技术方面，冠龙节能一直重视研发创新，持续投入大量资源用于技术升级，已形成了以阀门软密 封技术、硬密封技术、防护技术、高效控制技术和性能模拟测试技术为主的核心技术体系。如果标的企 业在数字化、物联网应用于阀门远程监控与调节技术、人工智能辅助阀门故障诊断技术，或者在新材料 应用于提升阀门性能等方面有突出成果，能与公司现有技术形成互补，助力公司产品向智能化、绿色 化、高端化迈进，那也将成为公司筛选标的时的重要考量。 5月12日，冠龙节能（301151）2024年度网上业绩说明会在全景网成功举行。有投资者提问：目前行业 集中度低，公司是否考虑通过并购扩大产能或获取技术？标的筛选标准会侧重哪些领域？ 公开资料显示，冠龙节能是国内较早从事给排水阀门研发、生产的企业之一，主营业务为节水阀门的研 发、设计、生产和销售， ...

5月12日，冠龙节能（301151）2024年度网上业绩说明会在全景网成功举行。有投资者提问：2024年外 销收入增长13.78%，仅占总营收仅4.98%。是否在"一带一路"国家布局本地化服务网络？ 更多业绩说明会详情，请点击：https://rs.p5w.net/html/146175.shtml 冠龙节能董事长兼总经理李政宏回复：2024年公司外销收入占比4.98%，同比增长13.78%，虽占比较 小，但公司对国际市场尤其是"一带一路"沿线国家市场一直有积极的战略规划。一方面，公司直接将产 品售往"一带一路"国家，这些产品广泛应用于当地由中国承接的各类建设项目。另一方面，公司也积极 与参与"一带一路"建设的内资企业合作，跟随他们的基建团队将产品销售至国外。在"一带一路"沿线国 家的基础设施建设中，公司与国内大型国企紧密配合，为其提供适配项目需求的阀门产品。当前国内市 场对于阀门产品的需求持续增长，且在智慧水务、城市管网升级改造等领域存在大量机遇，公司的业务 资源与精力更多地聚焦于国内市场的巩固与拓展，以及对现有国际业务合作模式的优化与深化，就现阶 段而言，公司暂无在"一带一路"国家布局本地化服务网络的明确 ...

Group 1 - The core viewpoint of the news is that Nuwai Co., Ltd. has seen a recent increase in stock price, but its price-to-earnings (PE) ratio is significantly lower than the industry average, indicating potential undervaluation [1] - As of May 9, Nuwai's stock closed at 27.81 yuan, up 1.50%, with a rolling PE ratio of 17.50, marking a new low in 24 days and a total market capitalization of 21.374 billion yuan [1] - The average PE ratio for the general equipment industry is 78.78, with a median of 40.37, placing Nuwai at the 60th position in the industry ranking [1] Group 2 - Nuwai Co., Ltd. specializes in the research, manufacturing, and sales of industrial valves, with key products including gate valves, globe valves, check valves, ball valves, butterfly valves, forged steel valves, oil and gas extraction equipment, safety valves, and castings [1] - The company received a "Five-Star Equipment Supplier" performance evaluation certificate from China General Nuclear Power Group for 2024, reflecting high recognition of its product quality and service in the nuclear power industry [1] - In the first quarter of 2025, Nuwai reported revenue of 1.556 billion yuan, a year-on-year increase of 14.44%, and a net profit of 263 million yuan, up 33.52%, with a gross profit margin of 35.38% [1]

Core Insights - The digital transformation of petrochemical equipment is crucial for enhancing production efficiency and ensuring safety in operations [1][2] - The integration of digital technologies across all stages of production and operation is reshaping the petrochemical industry [2][4] - The Chinese government is promoting the safety renovation of outdated petrochemical facilities as part of a broader strategy for sustainable development [1][2] Industry Developments - Digital technologies have been implemented in various scenarios, significantly improving production efficiency and product performance [2] - Companies like Chongqing Chuan Yi Automation Co., Ltd. have developed multiple products that break foreign technology monopolies, leading to the establishment of smart factories and digital production lines [2][3] - Jiangsu Huaying Valve Industry Co., Ltd. has utilized advanced computer technologies to enhance manufacturing efficiency and quality through interconnected data systems [3] Technological Advancements - High-precision and reliable smart instruments are essential for the digital and intelligent transformation of the petrochemical industry [4] - The application of digital technologies in equipment integrity management includes lifecycle optimization, real-time risk control, predictive maintenance, and data-driven decision-making [4] - The implementation of a two-level precision inspection system at Lanzhou Petrochemical has improved fault diagnosis accuracy from 10% to 75% [4] Challenges and Solutions - The industry faces challenges such as data silos, low interoperability of digital systems, and the need for comprehensive system redesigns [5][6] - The development of centralized control platforms for equipment management has shown to enhance operational efficiency and risk management [6] - Experts emphasize the importance of focusing on core data and key parameters rather than merely pursuing big data [7] Future Outlook - The transformation in the petrochemical sector is not just a technological upgrade but a comprehensive restructuring of production models, management thinking, and industrial ecosystems [7] - Continued improvement of standard systems and cross-industry collaboration will further support the digital transformation and high-quality development of the petrochemical industry [7]

证券代码：300470 股票简称：中密控股 中密控股股份有限公司投资者关系活动记录表 编号：2025-003 投资者关系活动类 别 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及人 员姓名 线上参与中密控股 2024 年度网上业绩说明会的投资者 时间 2025 年 04 月 28 日（星期一）下午 15:00-17:00 地点 "中密控股投资者关系"微信小程序 上市公司接待人员 姓名 董事长：彭玮先生 董事、总经理：陈虹先生 独立董事：应千伟先生 董事会秘书：沈小华先生 财务总监：刘小强先生 投资者关系活动主 要内容介绍 1、问：2024 年公司营业收入和净利润都实现了稳健增 长，能否详细介绍一下推动业绩增长的主要因素是什 么？ 答：投资者您好。2024 年度，公司的下游行业面对的需 求持续较低迷，管理层与全体员工齐心协力、真抓实干， 使得公司经营业绩仍然保持了稳健增长。其中：（1） 机械密封板块，增量市场收入略高于存量市场，增量市 场收入及存量市场收入与去年同比均有一定增幅，增量 市场毛利率同比基本维持稳定，存 ...

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凯士比阀门 作为全球流体机械行业的领军企业，凯士比以其卓越的产品和服务引领行业发展。凯士比阀门在中国深耕多年，产品成功应用于 能源、石 化、通用工业、楼宇、水处理、船舶 等多个行业， 2024 年，凯士比阀门中国以非凡之姿，亮相 ，展示了多款明星阀门产 品，助力绿色可持续发展和中国的数字化、智能化转型。 凯士比阀门中国 于今年12月19-20日在 第十九届中国IDC产业年度大典（IDCC 2024） 展示了其在数据中心冷却系统的阀门解决方案。 展会上，凯士比特别展出了 ，特殊的设计让这款阀门在使用过程中 减少振动噪音 ，稳定运行 延长阀门的使用寿命 ，并且可提供 更精确的流量控制 和 更大的调节范围 。 除此之外，凯士比还可提供多款 蝶阀、球阀、闸阀 等，丰富的产品不仅可确保数据中心的高效运行，更 在 能源利用方面实现最大化 ，为数 字经济的蓬勃发展提供了坚实支撑。 百 rehlko IS TICH 定制化电力解决方案 为数据中心提供可靠电力保障 KSB-型 E 创理 f FI M IT ! 201 7 IV 线型 Hat F %3 -(GBA) KSB致力于为人们带来洁净水, 创建可持续的解决方案。 KSB ...