截至3月31日，卓然股份股东户数6432.00，较上期增加3.78%；人均流通股22011股，较上期减少 3.64%。2025年1月-3月，卓然股份实现营业收入1.68亿元，同比增长227.91%；归母净利润-832.72万 元，同比增长79.29%。 分红方面，卓然股份A股上市后累计派现4965.33万元。 机构持仓方面，截止2025年3月31日，卓然股份十大流通股东中，国寿安保智慧生活股票A（001672） 位居第四大流通股东，持股249.56万股，相比上期增加46.00万股。 责任编辑：小浪快报 8月25日，卓然股份涨3.45%，成交额1.60亿元。两融数据显示，当日卓然股份获融资买入额1587.43万 元，融资偿还1496.69万元，融资净买入90.74万元。截至8月25日，卓然股份融资融券余额合计1.38亿 元。 融资方面，卓然股份当日融资买入1587.43万元。当前融资余额1.38亿元，占流通市值的4.35%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，卓然股份8月25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200.00股，融券余额3 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Views - The company reported a revenue of 168 million yuan in Q1 2025, representing a year-on-year increase of 227.91% but a quarter-on-quarter decrease of 81.52%. The net profit attributable to the parent company was -8 million yuan, indicating a reduction in losses [5][11] - The company has a total of 5.868 billion yuan in orders on hand, with significant contributions expected from engineering general contracting services in 2025-2026 [11] - The company is focusing on high-end, green, and intelligent development in response to national policies aimed at promoting the chemical industry [11] - The petrochemical equipment market is expected to grow at a compound annual growth rate of approximately 7.2% from 2024 to 2027, reaching a market size of 951.4 billion yuan by 2027 [11] - The projected net profits for the company from 2025 to 2027 are 130 million yuan, 150 million yuan, and 200 million yuan, respectively, with corresponding price-to-earnings ratios of 19.3X, 16.9X, and 12.3X [11] Summary by Sections Financial Performance - In Q1 2025, the company's revenue was 168 million yuan, a year-on-year increase of 227.91% and a quarter-on-quarter decrease of 81.52%. The net profit attributable to the parent company was -8 million yuan, showing a reduction in losses [5][11] Order Book and Revenue Recognition - The company has 5.868 billion yuan in orders on hand, with engineering general contracting services expected to contribute significantly to revenue recognition in 2025-2026 [11] Industry Outlook - The petrochemical equipment market is projected to grow at a compound annual growth rate of approximately 7.2% from 2024 to 2027, reaching a market size of 951.4 billion yuan by 2027 [11] Strategic Focus - The company is actively pursuing high-end, green, and intelligent development in alignment with national policies aimed at enhancing the chemical industry [11] Profit Forecast - Projected net profits for the company from 2025 to 2027 are 130 million yuan, 150 million yuan, and 200 million yuan, with corresponding price-to-earnings ratios of 19.3X, 16.9X, and 12.3X [11]