Core Insights - Jiangsu Shentong experienced a decline of 2.77% in stock price on August 27, with a trading volume of 245 million yuan [1] - The company reported a financing buy-in of 33.12 million yuan and a financing repayment of 34.08 million yuan on the same day, resulting in a net financing outflow of 0.95 million yuan [1] - As of August 27, the total margin balance for Jiangsu Shentong was 372 million yuan, representing 5.49% of its market capitalization [1] Financing and Margin Data - On August 27, Jiangsu Shentong's financing buy-in was 33.12 million yuan, with a current financing balance of 372 million yuan, which is above the 90th percentile of the past year [1] - The company had no short selling activity on August 27, with a short selling balance of 0 [1] Company Overview - Jiangsu Shentong Valve Co., Ltd. was established on January 4, 2001, and went public on June 23, 2010 [1] - The company specializes in the research, production, and sales of industrial special valves, with its main revenue sources being butterfly valves (23.83%), flanges and forgings (23.09%), and energy-saving services (18.78%) [1] Shareholder and Financial Performance - As of August 20, Jiangsu Shentong had 25,200 shareholders, an increase of 2.47% from the previous period, with an average of 18,618 circulating shares per shareholder, a decrease of 2.41% [2] - For the first half of 2025, the company achieved a revenue of 1.068 billion yuan, a year-on-year increase of 1.52%, and a net profit attributable to shareholders of 150 million yuan, up 4.72% year-on-year [2] Dividend and Institutional Holdings - Since its A-share listing, Jiangsu Shentong has distributed a total of 369 million yuan in dividends, with 195 million yuan distributed in the last three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited was the ninth largest circulating shareholder with 3.8645 million shares, while Southern Transformation Growth Flexible Allocation Mixed A (001667) was the tenth largest with 3.5 million shares, a decrease of 500,000 shares from the previous period [3]

Core Viewpoint - Jiangsu Shentong (002438) focuses on the research and supply of valve equipment for metallurgy, energy, nuclear power, offshore engineering, hydrogen energy, and semiconductor fields, as well as the development and manufacturing of flanges and forgings for the chemical and nuclear power sectors [1] Group 1 - The company aims to provide energy-saving and CO governance technology services for industries such as steel metallurgy [1] - The management's goal is to achieve stable operational performance while enhancing overall competitiveness [1] - The company is committed to delivering sustainable and predictable returns to investors [1] Group 2 - The company emphasizes the importance of collective efforts from the board and all employees to achieve its objectives [1] - The long-term vision includes building a century-old Shentong and becoming a respected enterprise [1]

Group 1: Company Performance and Goals - The company focuses on valve equipment R&D and supply in metallurgy, energy, nuclear power, marine engineering, hydrogen energy, and semiconductor fields, aiming for steady operational performance and enhanced competitiveness to provide sustainable returns to investors [3] - The company has set a profit distribution plan for 2024, proposing a cash dividend of 1.75 yuan per 10 shares, totaling approximately 88.82 million yuan distributed on June 18, 2025 [9] - As of June 30, 2025, the company's inventory balance was approximately 1.006 billion yuan, with a provision for inventory impairment of about 9.137 million yuan [13] Group 2: Market and Investment Strategies - The company emphasizes value management and aims to enhance core competitiveness through continuous innovation and effective communication with investors [6] - The company plans to expand its international business, focusing on markets in the Middle East and Southeast Asia, particularly in the oil refining sector [21] - The company is currently in the "verification-small batch supply" stage for its semiconductor valve business, with significant upfront costs impacting short-term profitability [7] Group 3: Nuclear Power Business Insights - The company achieved new orders worth 483 million yuan in the first half of 2025, corresponding to approximately 6-7 newly approved nuclear power units [24] - The nuclear valve business is expected to see a growth rate of 15% in the first half of the year, with revenue recognition based on the actual delivery schedule of products [8] - The company has developed valve products that meet the standards for third and fourth-generation nuclear power plants, covering major domestic reactor types [25]