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耐普矿机股价涨5.74%,招商基金旗下1只基金重仓,持有7700股浮盈赚取1.33万元
Xin Lang Cai Jing· 2025-10-15 02:20
10月15日,耐普矿机涨5.74%,截至发稿,报31.85元/股,成交1.55亿元,换手率4.64%,总市值53.75亿 元。 资料显示,江西耐普矿机股份有限公司位于江西省上饶市上饶经济技术开发区经开大道318号,成立日 期2005年10月14日,上市日期2020年2月12日,公司主营业务涉及从事重型矿山选矿装备及其新材料耐 磨备件的研发、生产、销售及服务等业务。主营业务收入构成为:矿用橡胶耐磨备件71.25%,矿用金 属备件14.05%,选矿设备10.44%,矿用管道3.69%,其他0.57%。 从基金十大重仓股角度 数据显示,招商基金旗下1只基金重仓耐普矿机。招商丰凯混合A(002581)二季度增持600股,持有股 数7700股,占基金净值比例为1.9%,位居第九大重仓股。根据测算,今日浮盈赚取约1.33万元。 招商丰凯混合A(002581)成立日期2016年8月24日,最新规模323.39万。今年以来收益21.57%,同类 排名3878/8161;近一年收益22.87%,同类排名3418/8015;成立以来收益84.3%。 招商丰凯混合A(002581)基金经理为孙麓深。 截至发稿,孙麓深累计任职时间5 ...
耐普矿机股价跌5.05%,长江资管旗下1只基金重仓,持有77.98万股浮亏损失115.4万元
Xin Lang Cai Jing· 2025-09-26 06:01
Group 1 - The core point of the news is that Nepco Mining Machinery's stock price has dropped by 5.05% to 27.81 CNY per share, with a trading volume of 498 million CNY and a turnover rate of 15.60%, resulting in a total market capitalization of 4.694 billion CNY [1] - Nepco Mining Machinery, established on October 14, 2005, and listed on February 12, 2020, is primarily engaged in the research, production, sales, and service of heavy mining equipment and wear-resistant parts [1] - The company's main business revenue composition includes: 71.25% from rubber wear parts, 14.05% from metal parts, 10.44% from mineral processing equipment, 3.69% from mining pipelines, and 0.57% from other sources [1] Group 2 - According to data, Changjiang Asset Management has a fund that heavily invests in Nepco Mining Machinery, specifically the Changjiang Intelligent Manufacturing Mixed Fund A (014339), which held 779,800 shares, accounting for 3.05% of the fund's net value, ranking as the ninth largest holding [2] - The fund has experienced a floating loss of approximately 1.154 million CNY today [2] - The Changjiang Intelligent Manufacturing Mixed Fund A was established on December 29, 2021, with a current scale of 357 million CNY, and has achieved a year-to-date return of 24.1%, ranking 4034 out of 8171 in its category [2]
耐普矿机股价涨5.12%,长江资管旗下1只基金重仓,持有77.98万股浮盈赚取102.93万元
Xin Lang Cai Jing· 2025-09-05 06:21
Group 1 - The core viewpoint of the news is the performance and market position of Jiangxi Naipu Mining Machinery Co., Ltd, which saw a stock price increase of 5.12% to 27.08 CNY per share, with a total market capitalization of 4.57 billion CNY [1] - The company specializes in the research, production, sales, and service of heavy mining equipment and wear-resistant parts, with its main revenue sources being rubber wear parts (71.25%), metal parts (14.05%), mineral processing equipment (10.44%), pipelines (3.69%), and others (0.57%) [1] - Longjiang Asset Management holds a significant position in Naipu Mining Machinery through its fund, with 779,800 shares representing 3.05% of the fund's net value, making it the ninth largest holding [2] Group 2 - The Longjiang Intelligent Manufacturing Mixed Fund (014339) has achieved a year-to-date return of 18.91% and a one-year return of 51.71%, ranking 3300 out of 8178 and 1934 out of 7978 respectively [2] - The fund manager, Shi Zhan, has been in position for 3 years and 252 days, with the fund's total asset size at 608 million CNY and a best return of 34.81% during his tenure [3]
耐普矿机(300818):短期业绩承压 长期增长可期
Xin Lang Cai Jing· 2025-08-31 04:44
Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, primarily due to the absence of EPC contracting business in the same period last year [1] Group 1: Financial Performance - In 2025 H1, the company achieved revenue of 410 million yuan, a year-on-year decrease of 34% [1] - The net profit attributable to shareholders was 16.99 million yuan, down 80% year-on-year [1] - Revenue from various business segments included: rubber wear-resistant products (290 million yuan, -3%), mining metal spare parts (58.05 million yuan, -3%), mineral processing equipment and spare parts (43.15 million yuan, -9%), and mining pipelines (15.26 million yuan, +5%) [1] Group 2: Strategic Developments - The company made significant progress in its overseas strategy, deepening its presence in the "Belt and Road" market [1] - On June 30, 2025, the company announced the signing of two five-year supply contracts with a leading copper producer in Kazakhstan, which produced over 400,000 tons of copper in 2023 [1] - The company has been actively expanding its overseas market, with an average overseas revenue share of 57% over the past five years and a CAGR of 30% [1] Group 3: Industry Trends - The company is enhancing its upstream copper and silver mining development and strengthening industry chain collaboration by acquiring a 22.5% stake in Swiss Virdad Resources [2] - This acquisition will secure development rights for the Alacran copper and silver mine, injecting incremental demand into the traditional mineral processing equipment and spare parts business [2] - The market for wear-resistant spare parts is expected to see long-term growth due to rising copper production and declining copper grades [3] - The penetration rate of rubber wear-resistant spare parts is increasing, as they offer better wear resistance, longer lifespan, and lighter weight compared to metal parts [3] - The company is also expanding into the cylinder market, which presents significant growth opportunities [3] Group 4: Investment Outlook - Revenue projections for 2025-2027 are 980 million yuan, 1.28 billion yuan, and 1.58 billion yuan, with year-on-year growth rates of -12%, 30%, and 24% respectively [4] - Net profit projections for the same period are 90 million yuan, 130 million yuan, and 190 million yuan, with year-on-year growth rates of -26%, 48%, and 48% respectively [4] - The company is expected to maintain a PE ratio of 52, 35, and 24X for the years 2025, 2026, and 2027 [4]
耐普矿机(300818):点评报告:短期业绩承压,长期增长可期
ZHESHANG SECURITIES· 2025-08-31 03:49
Investment Rating - The investment rating for the company is "Buy" (maintained) [7] Core Views - The company experienced a decline in revenue and net profit in the first half of 2025, with revenue at 410 million yuan, down 34% year-on-year, and net profit at 16.99 million yuan, down 80% year-on-year, primarily due to the absence of EPC contracting business compared to the same period last year [1] - The company has made significant progress in its overseas strategy, particularly in the "Belt and Road" markets, signing two five-year supply contracts with a leading copper producer in Kazakhstan [1][2] - The company is enhancing its upstream copper and precious metals mining development, securing a 22.5% stake in Swiss company Virdis Resources, which will provide additional demand for its traditional mineral processing equipment and parts [3] Summary by Sections Financial Performance - In H1 2025, the company reported revenue of 410 million yuan, a 34% decrease year-on-year, and a net profit of 16.99 million yuan, an 80% decrease year-on-year [1] - Revenue breakdown by business segments includes: rubber wear-resistant products (290 million yuan, -3%), mining metal parts (58.05 million yuan, -3%), mineral processing equipment and parts (43.15 million yuan, -9%), and mining pipelines (15.26 million yuan, +5%) [1] Strategic Developments - The company has deepened its market presence in the "Belt and Road" region, with overseas revenue averaging 57% over the past five years and a CAGR of 30% [2] - The company is expanding into the upstream copper and precious metals sector, which is expected to drive demand for its mineral processing services [3] Investment Recommendations - The company is positioned as a leading private enterprise in mineral processing equipment, benefiting from overseas demand and product category expansion. Projected revenues for 2025-2027 are 980 million, 1.28 billion, and 1.58 billion yuan, with year-on-year growth rates of -12%, 30%, and 24% respectively. Net profits are expected to be 90 million, 130 million, and 190 million yuan, with corresponding growth rates of -26%, 48%, and 48% [5]
耐普矿机: 上海市锦天城律师事务所关于江西耐普矿机股份有限公司向不特定对象发行可转换公司债券的补充法律意见书(一)(修订稿)
Zheng Quan Zhi Xing· 2025-08-19 16:34
Core Viewpoint - Jiangxi Naipu Mining Machinery Co., Ltd. plans to issue convertible bonds to raise up to 450 million yuan for a new materials mining wear parts manufacturing project in Peru and to supplement working capital [5][6]. Group 1: Project Overview - The project aims to establish a manufacturing base for new materials mining wear parts in Peru, with an expected annual production capacity of 12,000 tons [5]. - The project is anticipated to generate sales revenue of approximately 505.55 million yuan with a gross profit margin of 40.67% upon reaching full production [5][6]. - The project will leverage Peru's geographical advantages to serve markets in Chile, Mexico, Colombia, and Ecuador [5]. Group 2: Financial and Operational Details - As of the end of 2024, Naipu Mining's cash balance was approximately 532.55 million yuan [5]. - The company has already invested approximately 12.16 million yuan in the project prior to the board's approval for the bond issuance [10]. - The project is being implemented by Naipu Peru Mining Co., Ltd., a wholly-owned subsidiary [5]. Group 3: Legal and Regulatory Compliance - The law firm has confirmed that all necessary legal documents and approvals have been obtained for the bond issuance and project implementation [2][3]. - The company has received the required approvals from the Jiangxi Provincial Development and Reform Commission and the Ministry of Commerce for its overseas investment [19]. - The project has been designed to comply with local regulations and has already secured land for construction [9][27]. Group 4: Market and Competitive Landscape - The Latin American market for mining wear parts is expected to grow significantly, with Naipu Mining already establishing relationships with major mining companies in the region [14][15]. - The company has reported a nearly 50% compound annual growth rate in sales revenue from Latin America from 2022 to 2024 [15]. - The project is expected to enhance Naipu Mining's competitive position in the Latin American market by improving response times to customer needs [15][16].
耐普矿机: 江西耐普矿机股份有限公司与国金证券股份有限公司关于江西耐普矿机股份有限公司申请向不特定对象发行可转换公司债券的审核问询函之回复(修订稿)
Zheng Quan Zhi Xing· 2025-08-19 16:34
Core Viewpoint - Jiangxi Naipu Mining Machinery Co., Ltd. plans to issue convertible bonds to raise up to 450 million yuan for a new materials mining wear parts manufacturing project in Peru and to supplement working capital [2][9]. Group 1: Financing Necessity - The company has a projected funding gap of 767.41 million yuan over the next three years, making the issuance of 450 million yuan in convertible bonds necessary to alleviate financial pressure and support project development [9][10]. - The financing will help the company maintain a reasonable debt level and reduce operational and financial risks, as the debt ratio is expected to rise significantly if the funding gap is covered solely through bank loans [9][10]. Group 2: Project Details - The new manufacturing project in Peru aims to produce 12,000 tons of new materials mining wear parts annually, leveraging Peru's geographical advantages to serve markets in Chile, Mexico, Colombia, and Ecuador [2][12]. - The project will be executed by Naipu Peru Mining Machinery Co., Ltd., a wholly-owned subsidiary, and is expected to generate sales revenue of 505.55 million yuan in 2024 with a gross margin of 40.67% [2][12]. Group 3: Product and Market Analysis - The fundraising will not introduce new products but will expand the existing range of rubber wear parts for mining equipment, which includes components for various mining processes [11][13]. - The company has established a solid technical and personnel foundation to support the production of these products, ensuring the project's successful implementation [11][12]. Group 4: Regulatory and Approval Process - The company has completed the necessary land acquisition for the project, purchasing 72,301.30 square meters of land in Peru, with prior investments made before the board's approval of the bond issuance [13][14]. - The project is subject to various regulatory approvals, and the company is actively managing these processes to mitigate potential delays [12][14].
【耐普矿机(300818.SZ)】收入、利润稳步增长,看好公司出海潜力——2024年年报点评(黄帅斌/陈佳宁/李佳琦)
光大证券研究· 2025-04-07 08:46
Core Viewpoint - The company reported strong revenue and profit growth for 2024, with a focus on cost control and overseas market expansion [3][4][5] Financial Performance - In 2024, the company achieved revenue of 1.12 billion, a year-on-year increase of 19.6% - The net profit attributable to shareholders was 120 million, up 45.5% year-on-year - The net profit excluding non-recurring items was 110 million, reflecting a 40.0% year-on-year growth - The gross profit margin was 37.4%, an increase of 0.9 percentage points year-on-year, while the net profit margin was 10.4%, up 1.8 percentage points year-on-year - In Q4 2024, the company reported revenue of 200 million, a decline of 30.3% year-on-year and 31.8% quarter-on-quarter, with a net profit of -4 million, indicating a shift from profit to loss [3] Cost Control and Profitability - The company effectively managed costs, with sales, management, and R&D expense ratios at 6.9%, 13.6%, and 3.5% respectively, all showing a decrease compared to the previous year - Core business revenue from wear-resistant parts reached 760 million, with a stable growth of 12.7% in mining rubber wear-resistant parts, although the gross margin slightly decreased by 1.0 percentage points - The mining metal parts business experienced rapid growth, with revenue increasing by 53.7% and gross margin improving by 9.1 percentage points, contributing to the overall increase in sales gross margin [4] Overseas Market Expansion - The company achieved overseas revenue of 760 million, a significant increase of 46.1%, with overseas revenue accounting for 67.6% of total revenue, up 12.3 percentage points year-on-year - Orders from overseas markets showed strong growth, with Africa increasing by 125%, Asia-Pacific and Middle East by 77%, and Latin America by 58% - The construction of overseas production bases is progressing, with a factory in Zambia completed in October 2024, and facilities in Chile and Peru under development, indicating a commitment to expanding in global mining regions [5]