证券日报网讯江苏神通（002438）10月10日在互动平台回答投资者提问时表示，公司能源化工类阀门产 线的设备通用性强，通过调整工艺参数与模具等即可用于海工阀门生产。 ...

Core Viewpoint - Jiangsu Shentong announced on August 27 that its offshore valve and foreign trade business segments are currently in the prototype validation and small batch order stage, with project progress meeting the company's expectations [1] Group 1 - The company is in the prototype validation and small batch order phase for its offshore valve and foreign trade business segments [1] - The nuclear power valve orders are subject to agreements and production delivery cycles, with the company planning to complete the delivery of nuclear power valve products in batches and phases [1] - Revenue from the products will be recognized gradually after the delivery and acceptance of the products [1]

Group 1: Company Overview and Strategy - The company has successfully built a comprehensive product matrix in the nuclear valve sector, including various types of valves and filters, and is actively advancing new product development [2] - The company emphasizes compliance with commitment letters and regulations regarding information disclosure [1] Group 2: Project Progress and Capacity - The high-end valve intelligent manufacturing project is expected to add capacity for at least 4 new nuclear power units, with construction progressing to equipment installation and debugging by the end of the year [5] - The construction period for new nuclear power plants in China is generally 60 months, with procurement tenders completed within the first year [12] Group 3: Financial Performance and Market Trends - Revenue from metallurgical valve products was 412 million yuan in 2024, showing a year-on-year increase despite a decline in market demand since mid-2022 [6] - The company's energy-saving services are expected to see accelerated revenue growth due to the operational benefits from the new gas power generation project [7] Group 4: Market Position and Future Outlook - The domestic nuclear valve localization rate has reached 85%-90%, indicating significant progress in the industry and competitive capability in the global market [11] - The company employs a cost-plus pricing strategy for its valve products, which helps stabilize gross margins despite fluctuations in raw material prices [10]

Core Viewpoint - The company held its 2024 annual performance briefing, showcasing a strong interaction with investors and highlighting its strategic focus on innovation and market expansion in the energy and petrochemical sectors. Group 1: Financial Performance - In 2024, the company achieved operating revenue of 2.14 billion yuan, a year-on-year increase of 0.48% [4] - Operating profit reached 327.05 million yuan, up 10.21% year-on-year [4] - Net profit attributable to shareholders was 294.88 million yuan, reflecting a year-on-year growth of 9.68% [4] - The company reported a net cash flow from operating activities of 398 million yuan, a significant increase of 114.70% year-on-year [18] Group 2: Research and Development - The company invested 100.96 million yuan in R&D in 2024, representing a 6.81% increase from 2023 [5] - As of the end of 2024, the company held 550 valid patents, including 76 invention patents [5] Group 3: Strategic Initiatives - The company plans to focus on technological innovation and R&D to enhance product competitiveness in fine chemicals and green low-carbon energy [2] - The company aims to expand its market presence in nuclear power, hydrogen energy, and semiconductor equipment, while also enhancing its capabilities in intelligent manufacturing [14][12] - The company has secured new orders totaling 2.52 billion yuan in 2024, with significant contributions from various sectors including nuclear energy and metallurgy [6] Group 4: Market Position and Future Outlook - The company is positioned as a leader in the valve industry, actively participating in various marine engineering projects and aiming to establish a specialized production base for marine valves [8][28] - The company is committed to maintaining high-quality development and enhancing core competitiveness to achieve sustainable growth [10] - The company is exploring international markets, particularly in the Middle East and Southeast Asia, to expand its export business [19] Group 5: Profit Distribution - The profit distribution plan for 2024 includes a cash dividend of 1.75 yuan per 10 shares, totaling 88.82 million yuan, which is 30.12% of the net profit attributable to shareholders [7]