（二） 复合管业务 公司持续深化与 EBK 的资源整合及优化工作，充分激发协同 效应的释放潜力。EBK 已于本年度顺利完成重要合同的生产与交 付任务，实现了高质量、高效率履约，该合同的顺利落地对公司 复合管业务板块的经营业绩产生了积极带动作用；此外，国内核 能及油气领域高性能管材项目，是公司依据中长期战略规划，顺 应行业发展趋势、精准对接客户需求，保障复合管业务未来增长 而推进的内部自建项目，目前项目建设正按计划稳步推进。从长 远来看，该项目实施将助力公司持续优化产品结构，提升整体盈 利能力，增强在复合管国际市场的综合竞争实力。 证券代码： 002318 证券简称：久立特材 浙江久立特材科技股份有限公司投资者关系活动记录表 编号：108 | | ■特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | | 华创证券、融通基金、博道基金、海通资管、月阑基金、中广云 | | 活动参与人员 投资 | | | 时间 2025 | 年 月 日 12 25 | | 地点 | 八里店久立 ...

12月19日，中南文化涨2.76%，成交额2.44亿元。两融数据显示，当日中南文化获融资买入额2806.20万 元，融资偿还3451.24万元，融资净买入-645.04万元。截至12月19日，中南文化融资融券余额合计3.81 亿元。 融资方面，中南文化当日融资买入2806.20万元。当前融资余额3.81亿元，占流通市值的6.17%，融资余 额超过近一年50%分位水平，处于较高位。 截至12月10日，中南文化股东户数6.63万，较上期增加32.78%；人均流通股35711股，较上期减少 24.68%。2025年1月-9月，中南文化实现营业收入9.10亿元，同比增长40.10%；归母净利润8222.57万 元，同比增长130.97%。 分红方面，中南文化A股上市后累计派现1.47亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，中南文化十大流通股东中，香港中央结算有限公司位居第九大流 通股东，持股921.49万股，相比上期减少612.64万股。 责任编辑：小浪快报 融券方面，中南文化12月19日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量10. ...

光力科技股份有限公司投资者关系活动记录表 编号：20251219 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 类别 | √现场参观 | | | □其他 （请文字说明其他活动内容） | | | 国恩资本：吕旭川；珠海风满楼基金：王斐，张雨赫；河南聚盛基 | | 参与单位名称及 | 金：欧阳蒙；河南千领实业有限公司：朱永会；深圳穗景私募：张 | | | 博；杭州循道量化：仝胜利；河南昌诺基金：王海隆；海南岚昌创 | | 人员姓名 | 投资：李连沪；中博基金：王琳，个人投资者黄忆青，吴红，郭素 | | | 芬，何培军，等 14 投资者。 | | 时间 | 2025 年 12 月 19 日 14:30-16:30 | | 地点 | 公司郑州航空港厂区 号楼会议室 2 | | 上市公司接待人 | 总经理、董事：胡延艳 | | 员姓名 | 证券事务代表：关平丽 | | | 公司管理层简要介绍公司情况，带领各位投资者参观了公司生产车 | | | 间、展厅等区域，并与投资者就公司半导体封测装备业务、物联网 ...

法兰，一种用于连接管道、设备或机械部件的零件，广泛用于机械装备、风力发电、石油化工等领域。 崔家庄村有58家法兰锻造企业，其中规模以上企业达27家。 法兰企业为何集聚崔家庄村？ "打铁"是定襄人的传统手艺，可追溯到汉代。"定襄没有煤矿，吃不上资源饭。但定襄人肯吃苦，靠着 打铁技艺，硬生生闯出一个富民产业。"定襄县工信和科技局局长杨晓光介绍。上世纪60年代起，定襄 引进传统锻造装备夹棒锤，法兰锻造逐步形成产业。 "打我记事起，村里就做法兰。"高勇管理着全厂400多台设备，见证企业转型升级，"以前设备检修靠手 工记录，两年前我们引入数字管理系统，省时省力。" "大学选择学数控技术，当时就有毕业后回家乡工作的打算。"高勇的儿子高哲从一名辗环机工人成长为 热加工车间副主任，年收入十几万元。 发展各具特色的县域经济，开发农业多种功能，推动农村一二三产业深度融合，培育壮大乡 村特色产业，完善联农带农机制，促进农民稳定增收。 ——摘自《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》 12月10日晚上8点，山西省忻州市定襄县神山乡崔家庄村工业园区，满载法兰锻件的卡车驶出。崔家庄 村村民、山西富兴通重型环锻件有限公 ...

行业需求增长、产能释放与核心技术引领形成三重共振。 | 作者 | | 木盒 | | --- | --- | --- | | 编辑 | | 小白 | 12月12日，江苏锡华新能源科技股份有限公司（简称"锡华科技"）正式启动申购。 作为风电核心零部件的主力军，锡华科技的产品在大兆瓦风机大型化产业趋势中实现引领和快速放 量，拓展了众多行业优质客户。 此次IPO将助力公司抓住新能源风电行业的发展机遇，推动产能扩张与技术升级，未来有望跻身全球 顶尖大型高端装备专用部件制造商行列。 绿色低碳高质量发展，既是我国可持续发展的必然要求，也是全球经济未来的发展趋势。其中，风电 行业的发展，对推动我国能源体系向绿色低碳转型、提升可再生能源发电比例具有重要意义。 风电机组中，风电齿轮箱是核心传动部件，其作用是将叶片在风力作用下产生的动力传递给发电机并 使其获得较高转速。该部件技术含量与行业门槛极高，对使用寿命、承载能力和可靠性均有严苛要 求。 锡华科技专注于风电齿轮箱专用部件领域，处于风电齿轮箱上游，是国内少数可提供风电齿轮箱专用 部件全工序服务的企业。 （招股意向书） 公司产品包括行星架、齿轮箱体、扭力臂与法兰等，其中行星架收入 ...

2025 年 12 月 08 日 锡华科技：风电齿轮铸件优质厂商， 绑定龙头客户二十余载 ——注册制新股纵览 20251208 本期投资提示： 证 券 研 究 证券分析师 策 略 研 究 新股分析 彭文玉 A0230517080001 pengwy@swsresearch.com 朱敏 A0230524050004 zhumin@swsresearch.com 任奕璇 A0230525050002 renyx2@swsresearch.com 联系人 陈榕杰 (8621)23297818× chenrj@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 请务必仔细阅读正文之后的各项信息披露与声明 申 购 策 略 报 告 相关研究 - ⚫ 剔除流动性溢价因素后，锡华科技 2.34 分，位于总分的 31.8%分位。锡华科技于 2025 年 12 月 4 日招股，将在主板上市。剔除、考虑流动性溢价因素后，我们测算锡华科技 AHP 得分分别为 2.34 分、2.13 分，分别位于非科创体系 AHP 模型总分的 31.8%、38.0%分位， 分别处于上游偏下、中游偏上水平。假设以 95%入 ...

Overview - The 2026 India International Minerals, Metals, Metallurgy, and Materials Exhibition (MMMM 2026) will take place from September 10 to 12, 2026, in New Delhi, India, organized by Hyve Exhibition Group [1] - This biennial event has been successfully held 14 times and serves as a significant B2B platform for entrepreneurs, CEOs, consultants, senior government officials, decision-makers, and trade delegations to network and establish meaningful business partnerships [1][2] Market Insights - India's crude steel production continues to grow, reaching 13.8 million tons in March 2025 (up 7.0% year-on-year) and 13.5 million tons in May 2025 (up 9.7% year-on-year), with a government target of 500 million tons capacity by 2047 and plans for 25 million tons of exports [3] - Infrastructure projects, which account for 25%-30% of steel demand, are the core growth engine, supported by a $1.3 trillion national infrastructure plan covering railways, ports, and smart cities, driving steel consumption [4] - The demand for stainless steel is expected to rise significantly due to the construction of railway freight corridors and oil and gas pipelines, with per capita steel consumption projected to increase from 98 kg in 2025 to 160 kg by 2030 [5] Trade Dynamics - Finished steel imports decreased by 28.8% (1.4 million tons) from April to June 2025, primarily due to a 45.8% reduction in exports from China and a 65.2% decrease from Japan [7] - India implemented a 12% temporary safeguard duty in April 2025 to curb low-priced imports, resulting in a slight 5.1% decline in exports, although growth was noted in markets such as Belgium and the United States [7] Exhibition Scope - The exhibition will cover a wide range of sectors including metallurgy (steel and non-ferrous metals), auxiliary materials, carbon materials, ferroalloys, refractory materials, instruments, environmental protection technologies, and mining equipment [8][9][10][11][12][13][14]

Group 1 - The core viewpoint of the news is that Zhongnan Culture has shown fluctuations in its stock performance and financing activities, with a notable increase in revenue and profit year-on-year [1][2]. - As of November 11, Zhongnan Culture's stock price increased by 1.53%, with a trading volume of 161 million yuan. The net financing buy was negative at -14.42 million yuan, indicating more repayments than new purchases [1]. - The total financing and securities balance for Zhongnan Culture reached 321 million yuan, which is 5.09% of its market capitalization, indicating a low financing balance compared to the past year [1]. Group 2 - For the period from January to September 2025, Zhongnan Culture reported a revenue of 910 million yuan, reflecting a year-on-year growth of 40.10%. The net profit attributable to the parent company was 82.23 million yuan, up 130.97% year-on-year [2]. - The number of shareholders for Zhongnan Culture decreased by 1.57% to 50,800, while the average circulating shares per person increased by 1.60% to 46,569 shares [2]. - Since its A-share listing, Zhongnan Culture has distributed a total of 147 million yuan in dividends, with no dividends paid in the last three years [3].

Investment Rating - The report maintains a "Buy" rating for the company [6] Core Views - The company reported Q3 revenue of 3.642 billion RMB, a year-on-year increase of 57.46% and a quarter-on-quarter increase of 13.01%. The net profit attributable to the parent company was 434 million RMB, up 8.29% year-on-year but down 0.98% quarter-on-quarter. For the first three quarters, the company achieved revenue of 9.747 billion RMB, a year-on-year increase of 36.45%, and a net profit of 1.262 billion RMB, up 20.73% year-on-year. The stable profit in Q3 and the high dividend attribute are highlighted, with expectations for accelerated progress in high-end product development [1][4] Summary by Sections Financial Performance - In Q3, the company's gross margin was 22.07%, down 9.08 percentage points year-on-year and 4.33 percentage points quarter-on-quarter. The decline is attributed to seasonal variations in high-end product deliveries. Future gross margins are expected to stabilize and recover as high-end products continue to ramp up. The total expense ratio for Q3 was 9.07%, down 3.99 percentage points year-on-year and 0.89 percentage points quarter-on-quarter, indicating effective cost control. R&D expenses were 112 million RMB, down 6.88% quarter-on-quarter, while sales expenses were 133 million RMB, down 4.49% quarter-on-quarter. Additionally, investment income for Q3 was 90.596 million RMB, a 600.51% increase quarter-on-quarter, primarily from the disposal of equity in Yongxing Materials, supporting stable overall profits in Q3 [2] Business Strategy - The company's core business focuses on the R&D, production, and sales of industrial stainless steel pipes and special alloy pipes, fittings, flanges, bars, and wires, serving national strategic emerging industries such as oil and gas, nuclear power, thermal power, and aviation. The company is actively involved in key materials for controllable nuclear fusion, increasing R&D investment, and participating in related projects. It aims to achieve breakthroughs in material performance and manufacturing processes, while also forming specialized teams to enhance industry communication and collaboration, fostering technological innovation [3] Profit Forecast and Valuation - The report maintains profit forecasts for the company at 1.727 billion RMB, 1.857 billion RMB, and 2.004 billion RMB for 2025-2027, representing a three-year compound growth rate of 10.37%. Corresponding EPS is projected at 1.77 RMB, 1.90 RMB, and 2.05 RMB. The average PE ratio for comparable companies in 2026 is 15.1 times. Given the company's overseas project acquisitions and potential capacity increases in composite pipes, along with significant room for growth in high-end product ratios, a target PE of 17 times for 2026 is assigned, leading to a target price of 32.30 RMB [4][8]

Group 1 - The core viewpoint of the news is that 德恩精工 (Deen Precision Engineering) has seen a stock price increase of 5.04%, reaching 17.70 CNY per share, with a total market capitalization of 2.596 billion CNY [1] - The company, established on October 10, 2003, specializes in the research, design, production, and sales of mechanical transmission components, including belt pulleys, cone sleeves, synchronous belt wheels, and more [1] - The revenue composition of the company is as follows: 68.07% from mechanical transmission and coupling components, 19.76% from non-standard customized components, and 10.39% from other sources [1] Group 2 - 诺安多策略混合A (Noan Multi-Strategy Mixed A) fund has entered the top ten circulating shareholders of 德恩精工, holding 664,200 shares, which is 0.62% of the circulating shares [2] - The fund has achieved a year-to-date return of 59.84% and a one-year return of 83.63%, ranking 299 out of 8234 and 112 out of 8095 respectively in its category [2] - The fund manager, 孔宪政 (Kong Xianzheng), has a tenure of 4 years and 329 days, with the best fund return during this period being 74.29% [3]