中集环科8月25日股价报收17.84元，较前一交易日下跌0.15元，跌幅0.83%。当日成交量为8.79万手，成 交金额达1.56亿元，换手率为9.76%。公司总市值107.04亿元，流通市值16.06亿元。 中集环科主营业务为罐式集装箱的设计研发、生产制造和销售，是全球领先的液体、液化气体集装箱化 物流装备制造企业。公司业务还涉及医疗设备部件领域。2025年上半年，公司经营受到美国贸易政策及 全球地缘政治等因素影响。 8月25日，中集环科接待了华泰证券、光大永明资产等多家机构调研。公司管理层就业务发展情况与调 研机构进行了交流。近一年来，公司已累计接待67家机构88次调研。 8月25日主力资金净流入950.52万元，占流通市值比为0.59%。近五日主力资金呈现净流出状态，累计净 流出239.83万元，占流通市值比为0.15%。 风险提示：市场有风险，投资需谨慎。 ...

智通财经APP讯，中关村科技租赁(01601)发布公告，于2025年8月25日，公司作为出租人与承租人II(河 南百川畅银环保能源股份有限公司)订立融资租赁协议II，据此，出租人将购入承租人II自有租赁资产 II，转让价款为人民币3000万元;及出租人将租赁资产II租回给承租人II，租赁期为36个月，总租赁款项 约为人民币3261.95万元。 租赁资产II为罐式集装箱。 ...

证券代码：301559 证券简称：中集环科 中集安瑞环科技股份有限公司 投资者关系活动记录表 编号：2025-006 投资者关系活动类 别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 ☑其他 ____电话会议___ 活动参与人员 华泰证券 倪正洋 杨云逍 吕佩蕾 李 斐 光大永明资产管理股份有限公司 何博源 上海日胜隆私募基金管理有限公司 乔 玥 壹拾资产管理有限公司 钱纪廷 兴业证券 余小丽 中邮证券 虞洁攀 宁银理财 潘亚洲 国信证券 张苗苗 公司董事、总裁 季国祥 公司副总裁、首席财务官兼董事会秘书 张 毅 公司董事会办公室主任 王延民 公司证券事务代表 孟 阳 时间 2025 年 8 月 25 日 16:00-17:00 地点 中集环科会议室 形式 □现场 □网上 ☑电话会议 交流内容及具体问 答记录 公司基本情况介绍： 公司主要从事罐式集装箱的设计研发、生产制造和销售，是 全球领先的液体、液化气体（常温）集装箱化物流装备制造企业 和全生命周期服务商，并衍生出医疗设备部件业务。 2025 年上半年，受美国贸易政策不确定性以及全球地缘政治 紧张等因素影响 ...

聚焦相关多元化是公司实现可持续增长、增强抗风险能力的关键战略。目前,公司在罐箱制造领域已确 立稳固的市场地位和规模优势。为进一步提升竞争力，公司正着力打造第二增长曲线：通过促进规模效 应、业务广度与高精尖技术的深度协同，积极探寻高端装备等战略相关领域的新业务机遇。有效扩充营 收来源，培育规模化新兴业务板块，驱动公司实现优质增长。 中集环科半年报显示，公司医疗设备部件业务营收同比增长16.12%，且连续多个报告期保持两位数增 速。经过十余年的持续研发与改进，公司高端医疗影像设备关键零部件研发与制造能力逐渐提升、产品 范围逐步扩大，客户越来越多。基于此，公司在高端医疗影像设备行业的经营能力得到了提高，为未来 在该赛道进一步发展提供了坚实的基础。报告期内，公司高管团队受邀前往德国西门子医疗总部，参加 其全球供应商大会，并参观了西门子最新的自动化生产车间。西门子医疗高层与中集环科就未来合作展 开了深入探讨，达成了积极的共识与意向。 未来中集环科积极响应国家政策和号召，通过并购、投资等资本市场手段，坚持围绕重点领域做布局， 尤其是高端医疗设备、智能装备制造等领域。不断推进内生式发展与外延式拓展，通过未来三至五年的 努力 ...

Summary of Sifang Technology Conference Call Company Overview - **Company**: Sifang Technology - **Industry**: Cold Chain Equipment and Tank Container Manufacturing - **Established**: 1990, listed in 2016 on the Shanghai Stock Exchange Key Financials - **Revenue**: 861 million CNY in H1 2025, a decline compared to the previous year - **Net Profit**: 69.32 million CNY in H1 2025, also a decline - **Cold Chain Equipment Revenue**: 320 million CNY, a slight increase from 318 million CNY in the previous year, with a gross margin of approximately 30% [2][6] - **Tank Container Revenue**: 530 million CNY, a decrease of 20.06% year-on-year, with a gross margin dropping to 13.44% from 22.95% [2][6] Business Segments Cold Chain Equipment - **Products**: Includes food freezing equipment, heat exchangers, insulation materials, and cold storage engineering [3] - **Performance**: Cold chain equipment revenue showed slight growth, with a gross margin improvement [6] Tank Containers - **Products**: Standard and special tank containers used for liquid and gas product transportation [3] - **Performance**: Revenue from standard containers increased by 5.36% to 340 million CNY, while special containers have higher gross margins due to different materials and processes [10][16] Market Dynamics - **External Factors**: The decline in revenue is attributed to the global economic downturn and a sluggish downstream chemical industry [5] - **International Exposure**: 80% of revenue comes from international markets, with 20% from domestic sales [4][20] - **Future Outlook**: Anticipation of market recovery in the tank container sector by H2 2026, despite current challenges [21][22] Product Development and Projects - **Current Projects**: Ongoing projects include the expansion of special tank containers and the LNG new materials project [2][5] - **Data Center Liquid Cooling**: Focus on one-side heat exchange equipment, including micro dry coolers and evaporative condensers, although this segment remains small [7][29] Pricing and Inventory - **Tank Container Pricing**: Prices are influenced by material costs and market demand, with expectations of price increases in H2 2026 [30][31] - **Inventory Levels**: Current inventory levels are normal, with plans to maintain production and secure orders [32] Challenges and Opportunities - **Material Costs**: Fluctuations in material prices significantly impact overall gross margins [11] - **Demand Trends**: Domestic demand is growing slowly, while international demand has seen a notable decline [21][22] - **Technological Advantages**: Mobile dry coolers offer advantages in water-scarce regions and high-density cabinet applications [15] Conclusion - **Long-term Outlook**: Despite current challenges, the company maintains a positive long-term outlook for both the cold chain equipment and tank container markets, with strategic projects underway to enhance capacity and market presence [14][32]

Core Viewpoint - The company, CIMC Enric, is leading the global market in tank container production, with a focus on green and intelligent manufacturing practices, aiming for a strategic transition to a high-end equipment technology platform [3][4]. Group 1: Market Position and Financial Performance - In 2024, China is expected to produce 40,000 tank containers, accounting for 95% of global output, with CIMC Enric holding the largest market share [3]. - In the first quarter of this year, CIMC Enric signed new orders worth 444 million yuan, representing a year-on-year increase of 17.27% [3]. Group 2: Green and Intelligent Manufacturing - CIMC Enric is promoting a circular economy in tank container production, aiming for 100% recyclability of materials [4]. - The company has established the first fully automated powder coating line in the industry, significantly reducing pollution and achieving near-zero VOC emissions [4]. - A digital carbon management platform has been implemented to enhance carbon accounting efficiency and provide data for emissions verification [4]. Group 3: Technological Advancements - The company is investing in smart manufacturing, focusing on flexible green factories and advanced manufacturing centers [5]. - Advanced technologies such as 3D adjustment machines and digital twin technology are being utilized to optimize production processes and enhance safety and efficiency [6]. - CIMC Enric has developed several industry standards and numerous patents, including AI models for safety and production optimization [7]. Group 4: Growth in Medical Equipment Sector - The medical equipment components segment has shown steady growth, with revenue of approximately 54.41 million yuan in the first quarter, a year-on-year increase of 20.98% [8]. - The company aims to expand its high-end medical imaging business, which is expected to become a second growth curve alongside its core tank container business [8]. - As of the end of the first quarter, CIMC Enric reported a debt ratio of 14.05% and sufficient cash reserves, indicating a strong foundation for business expansion [8].

Core Viewpoint - The article discusses the transformation of global logistics systems in response to economic globalization and trade tensions, emphasizing China's efforts to establish diversified international logistics channels amid challenges posed by traditional logistics routes controlled by certain countries [1][7]. Group 1: Trade and Economic Data - In the first five months of the year, China's total import and export value reached 17.94 trillion yuan, with exports growing by 7.2% and imports declining by 3.8% [1]. - ASEAN has become China's largest trading partner, accounting for 16.8% of foreign trade [1]. - The value orientation of industrial transfer to ASEAN has shifted from labor and land cost to tariff considerations, marking a new phase in China's industrial layout towards ASEAN [2]. Group 2: Industry Cooperation and Investment - Asian developing countries are now the main destinations for global foreign direct investment (FDI), with China and ASEAN accounting for 40% and 30% of Asia's FDI, respectively [2]. - Vietnam has transitioned to being a major market for Chinese exports, with Chinese enterprises dominating investments in the country [2]. - China has maintained its position as ASEAN's largest trading partner for 16 consecutive years, with significant cooperation in electronics, apparel, and automotive sectors [3]. Group 3: Logistics and Supply Chain Development - The complexity of logistics is increasing due to the growing distance between production enterprises and their supply chains, necessitating improvements in cross-border logistics capabilities [4]. - The container throughput at Vietnamese ports has surged, with a volume exceeding 21 million standard containers, highlighting the rapid growth of logistics in the region [5]. - The Chinese container industry is focusing on expanding production capacity in Southeast Asia, responding to the rising demand for logistics services [4][6]. Group 4: New Logistics Channels - China is accelerating the diversification of logistics channels to counteract trade barriers and control over key maritime routes by other nations [7]. - New logistics corridors, such as the China-Kyrgyzstan-Uzbekistan railway and the China-Iran railway, are being developed to enhance international supply chain dynamics [7]. - The construction of new logistics channels is expected to reshape the industrial layout and open up inland regions, promoting mutual benefits between logistics and industry [7].

Group 1 - The current global industrial transfer is largely a passive response to trade protectionism and geopolitical factors, emphasizing the importance of stable supply chains for adapting to new global trends [1] - The "2024 China Tank Container Industry Development Report" highlights three main characteristics: the rise of high-value liquid raw materials as new cargo sources, continuous expansion of tank container transport scale with major operators exceeding 600,000 TEU in shipment volume, and the evolution of tank container operators into comprehensive third-party logistics service providers [1][4] - The trend of smart containers and intelligent logistics is emerging, with customs enhancing logistics control through technologies like electronic tags and smart locks, although real-time monitoring of container transport remains a challenge [3] Group 2 - The tank container industry is experiencing significant growth, driven by the increasing demand for specialized liquid cargo transport, particularly in the context of China's industrial upgrades and the shift towards clean energy [5][6] - The global supply chain is shifting towards regionalization, short-chain, and diversification, with China optimizing its export structure and enhancing competitiveness, particularly in high-value products [6][7] - The Belt and Road Initiative is facilitating the diversification of logistics channels, transforming international logistics from a single transport mode to a multi-modal network, which is crucial for maintaining efficient supply chains [7]

Group 1 - The fifth China Tank Container Cooperation Development and Logistics Technology Application Conference was successfully held in Nantong, Jiangsu, focusing on the application of tank containers in multimodal transport and promoting the intelligent and green development of logistics equipment [1] - CIMC Enric Holdings Co., Ltd. shared its transformation practices at the conference, emphasizing "intelligent transformation and green development," and established the industry's first fully automated powder coating line, significantly reducing pollution sources through electrostatic powder coating technology [1] - The "China Tank Container Industry Development Report (2024)" indicates that China's tank container production is approximately 40,000 units, accounting for 95% of the global total, with a projected operational volume of 606,000 TEU in 2024, representing a year-on-year growth of 10.7% [1] Group 2 - The application of tank containers is expanding into high-end fields such as new energy and semiconductors, with the global industry focus shifting towards Asia, making intelligent and green development the mainstream trend [2] - CIMC Enric's "oil-to-powder" process and dual-carbon digital system are highlighted as typical practices for the industry's low-carbon transformation [2] - During the conference, representatives from CIMC Enric and other companies engaged in discussions on the development of railway tank containers and automation technology, providing diverse ideas for future industry development [2]

Investment Rating - The report maintains an "Add" rating for the company [2][8] Core Views - The company, CIMC Enric (301559), is a global leader in tank containers with a market share of approximately 50%. It is primarily engaged in the design, research and development, manufacturing, and sales of tank containers, serving the chemical logistics sector [5][6] - The demand for tank containers is under pressure due to the global macro environment and challenges in the downstream chemical industry. However, the company has signed new orders worth 444 million yuan in Q1 2025, reflecting a year-on-year growth of 17% [6][8] - The high-end medical imaging equipment segment is expected to become a significant growth driver for the company, with Q1 2025 revenue from medical equipment components reaching approximately 54.41 million yuan, a year-on-year increase of 21% [7][8] Financial Summary - The company is projected to achieve revenues of 3.672 billion yuan, 4.368 billion yuan, and 5.621 billion yuan for the years 2025, 2026, and 2027, respectively, representing year-on-year growth rates of 9.63%, 18.97%, and 28.67% [8][9] - The estimated net profit attributable to the parent company for the same years is expected to be 288.88 million yuan, 388.01 million yuan, and 582.32 million yuan, with growth rates of -4.93%, 34.32%, and 50.08% respectively [8][9] - The company's price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are projected to be 33.27, 24.77, and 16.51, respectively [8][9]