同日公布的对外投资公告显示，在推进股权整合的同时，科达制造基于"大建材"战略规划，拟通过自筹 资金在加纳新建一条日熔化量600吨的浮法玻璃生产线，产品将覆盖3-12mm白色及颜色玻璃。 加纳作为西非国家经济共同体（ECOWAS）成员国，区域辐射能力较强，但本土玻璃产能相对稀缺， 市场需求明确。科达制造自2017年起已在加纳运营陶瓷、洁具项目，拥有成熟的本地供应链与管理体 系。新项目紧邻现有陶瓷基地，可实现土地、物流、人力等资源的共享，降低运营成本。同时，公司可 复用坦桑尼亚玻璃项目的成熟经验，并借助森大集团在西非已构建的玻璃销售渠道，加速产能消纳与市 场拓展。 公司表示，该项目可依托现有陶瓷基地实现土地、物流等资源共享，降低运营成本，并能复用坦桑尼亚 玻璃项目的运营经验，有助于形成产能与渠道的协同效应。（王珞） 科达制造1月28日披露《发行股份及支付现金购买资产并募集配套资金暨关联交易预案》及《关于对外 投资的公告》，宣布拟通过发行股份及支付现金方式收购广东特福国际控股有限公司（简称"特福国 际"）51.55%股权，实现对其全资控股，并计划在加纳投资建设浮法玻璃生产线，进一步拓展西非建材 产能。 预案显示，科 ...

长江商报消息 ●长江商报记者 潘瑞冬 建筑陶瓷机械及国外建材生产企业科达制造（600499.SH）持续加码全球化。 1月28日晚间，科达制造发布重大资产重组预案，公司拟通过发行股份及支付现金方式收购广东特福国 际控股有限公司（简称"特福国际"）51.55%股权，同时向不超过35名特定投资者募集配套资金。特福国 际是科达制造国外建材业务的核心运营主体，交易完成后，特福国际将由科达制造控股子公司变为全资 子公司，公司国外建材业务布局进一步深化。 除了全控特福国际外，科达制造还在同步推进加纳浮法玻璃项目。同日，公司发布对外投资公告，拟投 资约9471.80万美元（折合人民币约6.6亿元）建设加纳日产600吨浮法玻璃生产项目，以落实"大建材"战 略，抢占西非建材市场机遇。 本次交易标的资产为特福国际51.55%股份，交易对方包括森大集团等24名股东。其中，森大集团为科 达制造董事沈延昌及其夫人控制的企业，李跃进为上市公司董事，因此本次交易构成关联交易。根据预 案，发行股份购买资产的定价基准日为公司第九届董事会第十五次会议决议公告日，发行价格确定为 10.80元/股，不低于定价基准日前60个交易日股票交易均价的80%。 ...

公司公告 2026 年 1 月 28 日，公司拟通过发行股份及支付现金的方式购买特 福国际 51.55%股权、使其成为全资子公司，同时拟向不超过 35 名 特定投资者发行股份募集配套资金。发行价格为 10.8 元/股，不低 于前 60 个交易日均价的 80%。交易完成后公司仍无实际控制人。目 前审计、评估工作未完成，标的资产交易价格尚未确定。 经营分析 （1）增厚上市公司归母净利润，引入优质股东、深度绑定上市公司 利益：定增落地后，特福国际（非洲和南美洲等全部海外业务平台） 持股比例将从 48.45%提升至 100%，2025 年特福国际初步预估收入 81.87 亿元，净利润 14.74 亿元，显著增厚上市公司归母净利。 森大集团在本次交易前持有特福国际 30.88%股权，作为公司海外业 务长期合作伙伴，交易后森大集团将成为公司股东，增强其与公司 战略利益的深度绑定。森大集团是中国最早进入非洲、美洲等海外 市场的国际贸易企业之一，长期深耕非洲地区市场（20 余年发展）， 已在非洲地区建立广泛的产品营销及供应链渠道。 （2）加纳加码玻璃产能：公司拟投资 9472 万美元、折合 6.6 亿元， 于加纳投产日产 6 ...

中国经济网北京1月29日讯 科达制造(600499.SH)今日复牌，开盘涨停报16.26元，上涨10.01%。 科达制造昨晚披露的发行股份及支付现金购买资产并募集配套资金暨关联交易预案显示，上市公司 拟通过发行股份及支付现金的方式购买广东特福国际控股有限公司（以下简称"特福国际"）51.55%股 权，同时拟向不超过35名特定投资者发行股份募集配套资金。 标的公司主要经营海外建材业务，专注于建筑陶瓷、玻璃及洁具等建材产品的生产和销售，标的公 司产品广泛应用于住宅装修装饰、公共建筑装修装饰等领域。 2024年度、2025年度，标的公司营业收入分别为471,651.83万元、818,652.68万元，净利润分别为 57,573.81万元、147,352.07万元。 | | | | | | -- | | --- | --- | --- | | 项目 | 2025年12月31日/2025 | 2024年12月31日/2024 | | | 年度 | 年度 | | 资产总额 | 901,953.35 | 746,604.92 | | 负债总额 | 447,912.40 | 474,023.67 | | 所有者权益 | 45 ...

每经AI快讯，东鹏控股（SZ 003012，收盘价：6.91元）12月5日晚间发布公告称，广东东鹏控股股份有 限公司及控股公司于近日取得由国家知识产权局颁发的15项发明专利证书。截至本公告披露日，公司及 控股子公司累计共取得各类型专利2546项，现有各类型有效专利1328项。专利名称分别为"一种基于锂 尾矿的陶瓷坯料、陶瓷砖及其制备方法""一种具有防滑作用的防污哑光仿古砖及其制备方法"等。 （记者 曾健辉） 2025年1至6月份，东鹏控股的营业收入构成为：瓷砖占比84.69%，洁具占比12.67%，其他占比2.63%。 截至发稿，东鹏控股市值为80亿元。 每经头条（nbdtoutiao）——秒光、售罄！银行大额存单成稀缺资源，2%以上产品很难抢，有的门槛高 达1000万元！专家：存款利率或长期下行 ...

Group 1 - The core point of the article is that Dongpeng Holdings has completed its share repurchase plan, acquiring approximately 17.33 million shares, which is 1.5% of the total share capital, with a total expenditure of about 107 million RMB [1] - The share repurchase occurred between January 23, 2025, and October 28, 2025, with the lowest transaction price at 5.65 RMB per share and the highest at 7.45 RMB per share [1] - As of the first half of 2025, Dongpeng Holdings' revenue composition is as follows: tiles account for 84.69%, sanitary ware for 12.67%, and others for 2.63% [1] Group 2 - As of the report, Dongpeng Holdings has a market capitalization of 8 billion RMB [2]

Core Insights - The company achieved a revenue of 12.6 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 47%, with a net profit attributable to shareholders of 1.15 billion yuan, up 63% year-on-year [1] - The third quarter revenue was 4.4 billion yuan, showing a 44% year-on-year increase, while the net profit attributable to shareholders was 400 million yuan, also up 63% year-on-year [1] Financial Performance - The gross margin for the first three quarters was approximately 28.6%, an increase of 1.7 percentage points year-on-year, although the third quarter gross margin decreased by 2.0 percentage points year-on-year due to weakened demand in the building materials machinery sector [2] - The operating cash flow net amount for the first three quarters was about 1.56 billion yuan, significantly improved compared to the same period last year [2] Overseas Building Materials Growth - The overseas building materials segment is identified as the core growth driver, with significant revenue increases expected from new capacities in projects in Kenya, Ivory Coast, and Tanzania [2][3] - The company anticipates continued growth in overseas building materials revenue through the expansion of tile production lines and technological upgrades [3] Ceramic Machinery Challenges - The ceramic machinery segment faced revenue and profit pressure in the third quarter due to industry cycle adjustments, but order intake exceeded last year's levels, indicating potential recovery in revenue [3] - The company has established a subsidiary in Egypt and expanded service points in India and Egypt to enhance local operations and service efficiency [3] Lithium Industry Insights - Blueco Lithium achieved a sales volume of approximately 32,000 tons in the first three quarters, generating revenue of 1.92 billion yuan, with a net profit of 1.03 billion yuan [4] - The company is expected to benefit from a shift in the lithium supply-demand balance, with a projected recovery in carbonated lithium prices [4] Valuation of African Building Materials Leader - Keda Manufacturing is recognized as a leading player in the African building materials market, with a strong market share in central Africa [4] - The projected net profits for Keda Manufacturing from 2025 to 2027 are estimated at 1.56 billion, 1.90 billion, and 2.22 billion yuan, respectively, with corresponding valuations of 16, 13, and 11 times [4]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company achieved a revenue of 12.6 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 47%. The net profit attributable to shareholders was 1.15 billion yuan, up 63% year-on-year, and the net profit excluding non-recurring items was 1.06 billion yuan, an increase of 67% [2][4]. - In the third quarter, the company reported a revenue of 4.4 billion yuan, a 44% increase year-on-year, with a net profit of 400 million yuan, also up 63% year-on-year, and a net profit excluding non-recurring items of 360 million yuan, reflecting a 53% growth [2][4]. - The company's operating cash flow significantly improved, with a net cash flow from operating activities of approximately 1.56 billion yuan, a substantial increase compared to the same period last year [10]. Summary by Sections Financial Performance - The company’s gross margin for the first three quarters was approximately 28.6%, an increase of 1.7 percentage points year-on-year. However, the gross margin in the third quarter decreased by 2.0 percentage points year-on-year due to weakened demand for building machinery [10]. - The company’s net profit margin for the first three quarters was about 9.1%, which is an increase of 0.9 percentage points year-on-year, and remained stable in the third quarter [10]. Business Segments - The overseas building materials segment continues to drive growth, with significant revenue increases expected from new capacities in Kenya, Côte d'Ivoire, and Tanzania [10]. - The ceramic machinery segment faced challenges, but the order intake exceeded the previous year, indicating potential recovery in revenue [10]. - The lithium industry segment showed strong performance, with sales of approximately 32,000 tons and revenue of 1.92 billion yuan, benefiting from a rebound in lithium carbonate prices [10]. Future Outlook - The company is expected to see continued growth in overseas building materials revenue, supported by new production lines and technological upgrades [10]. - The forecasted net profits for 2025-2027 are approximately 1.56 billion, 1.90 billion, and 2.22 billion yuan, respectively, with corresponding valuations of 16, 13, and 11 times [10].

Group 1 - The company achieved a record revenue of 12.605 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 47.19% [1] - The net profit attributable to the parent company reached 1.149 billion yuan, an increase of 63.49% year-on-year [1] - The company reported a net cash inflow of 1.560 billion yuan, primarily due to significant growth in the overseas building materials segment and effective cost control [2] Group 2 - The overseas building materials segment experienced substantial revenue growth in the third quarter, with a strong performance in tile sales and improved profitability in the sanitary ware business [3] - The ceramic machinery segment faced challenges due to industry cycle adjustments, but order intake showed a noticeable recovery since the second quarter [3][4] - The lithium battery materials segment benefited from rapid growth in the energy storage industry, with significant increases in the shipment of negative electrode materials [3] Group 3 - The company’s joint venture, Blue Lithium Industry, produced approximately 31,600 tons of lithium carbonate in the first three quarters, contributing 271 million yuan to the net profit of the parent company [4] - The company’s overseas building materials segment maintained high capacity utilization rates, with tile and sanitary ware sales rates approaching 100% [10] - The company plans to optimize its financing structure and control its debt ratio while balancing business expansion needs [14]

Key Points Summary of Keda Manufacturing Conference Call Company Overview - Keda Manufacturing reported a net cash inflow of 151.56 billion yuan in the first three quarters of 2025, primarily driven by significant revenue growth in the overseas building materials segment and effective control of period expenses [2][3] Financial Performance - The overseas building materials segment achieved a revenue of 2.189 billion yuan in Q3 2025, with a net profit of approximately 510 million yuan (about 410 million yuan after excluding exchange gains) [2][4] - The gross margin for the overseas building materials segment decreased to 34% in Q3, impacted by the ramp-up of factories in Côte d'Ivoire and Kenya, rising natural gas prices, and lower profit margins in the glass business [2][4] - Tile sales reached 148 million square meters in the first three quarters, with an average price of approximately 31.127 yuan per square meter, aiming to achieve a target of 200 million square meters by year-end [2][5] - The sanitary ware business showed sequential improvement and achieved profitability with a gross margin of about 10% [2][6] - The glass business generated approximately 260 million yuan in sales in Q3, selling 85,200 tons with a sales rate improvement to 94% [2][6] Segment Performance Overseas Building Materials - The overseas building materials segment's revenue increased quarter-on-quarter, with a total net profit of 1.156 billion yuan for the first three quarters [4] - The segment is expected to see a gradual recovery in gross margin in Q4 2025, with optimistic order prospects for 2026, particularly from new factories in Egypt, Vietnam, Indonesia, and Turkey [4][10] Ceramic Machinery - The ceramic machinery segment reported revenue of 3.881 billion yuan in the first three quarters, a slight decline year-on-year, with a net profit of 257 million yuan, down by 93 million yuan [7] - Despite the decline, order volumes have shown recovery, and improvements are expected in Q4 and the first two quarters of 2026 [7] Market Dynamics - Keda faces competitive pressure from Italian companies in the domestic market and is actively exploring markets in North America, Mexico, and South America, collaborating with the second-largest ceramic company, Vamosa [8] - The tariff adjustments in Kenya and Tanzania had minimal impact on the overseas building materials segment but positively influenced glass sales [9] Future Outlook - The domestic ceramic market remains under pressure, with no fundamental improvement in demand; however, there is potential for a turnaround in 2026 [11] - The company is exploring new projects and capacity upgrades, with a focus on enhancing global service networks and maintenance services [12] - Demand for large tiles is increasing in East Africa, with plans to expand production lines in Zambia and Ghana [13] Financial Management - The company has repaid several hundred million yuan in Euro-denominated loans, reducing the debt ratio from 60% at the beginning of the year to 50%-55% [18] - The cash flow performance is strong, with a dividend payout ratio of approximately 37% this year, with hopes to increase it to over 40% next year [19] Regulatory Compliance - Keda acknowledged past violations related to off-balance sheet income, which have been rectified, and the financial impact is considered minimal [24] - The investigation concluded without leading to further penalties or ST treatment [25]