截至2025年8月22日收盘，大元泵业股价报50.10元，较前一交易日下跌1.76%。当日成交额达13.22亿 元，换手率为15.86%。盘中股价波动明显，最高触及54.57元，最低探至47.73元，振幅达13.41%。 大元泵业主要从事各类泵产品的研发、生产和销售，产品广泛应用于工业、农业、建筑等领域。公司属 于通用设备制造业，注册地位于浙江省。 8月22日晚间，大元泵业发布公告称，公司董事会审议通过了提前赎回"大元转债"的议案。根据公告， 公司将按照债券面值加当期应计利息的价格全部赎回"大元转债"，投资者可选择在二级市场交易或按 20.59元/股的转股价格进行转股。 数据显示，大元泵业8月22日主力资金净流出2805.58万元，占流通市值的0.34%。近五个交易日累计净 流出2.58亿元，占流通市值的3.13%。 风险提示：以上信息仅供参考，不构成投资建议。市场有风险，投资需谨慎。 ...

Investment Rating - The report maintains an "Outperform" rating for Nanfang Zhongjin Environment (NZE) [2] Core Views - NZE's 2024 revenue and attributable net profit are projected to be RMB 5.054 billion and RMB 218.25 million, respectively, reflecting a year-on-year decline of 6.98% and an increase of 8.81% [2][6] - The manufacturing sector is under pressure, but overseas revenue has shown growth, reaching RMB 869 million, a year-on-year increase of 14.83% [3] - The environmental management segment has improved, with significant revenue growth in various sub-segments, leading to a notable reduction in overall losses [4] - The company is focusing on enhancing its core manufacturing business while expanding into new applications such as renewable energy and data centers [2][4] Financial Summary - For 2024, NZE's manufacturing segment is expected to generate revenue and attributable net profit of approximately RMB 4.416 billion and RMB 432 million, respectively, representing declines of 7.9% and 19.6% year-on-year [3] - The environmental operations and consulting segments are projected to achieve revenues of RMB 6.1 billion and RMB 16.9 billion, respectively, with year-on-year growth rates of 13.83% and 56.01% [4] - The company’s operating cash flow for 2024 is expected to be RMB 714 million, with a capital expenditure of RMB 325 million, indicating a stable cash flow situation [5] - The target price for NZE is set at RMB 3.81, down from a previous estimate of RMB 4.46, based on a revised earnings forecast [6]