分红方面，力聚热能A股上市后累计派现2.27亿元。 机构持仓方面，截止2025年6月30日，力聚热能十大流通股东中，泰康品质生活混合A（010874）位居 第三大流通股东，持股40.00万股，相比上期增加15.00万股。泰康策略优选混合（003378）位居第四大 流通股东，持股39.00万股，相比上期增加14.00万股。宝盈成长精选混合A（013895）退出十大流通股 东之列。 责任编辑：小浪快报 融券方面，力聚热能9月30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0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，浙江力聚热能装备股份有限公司位于浙江省湖州市吴兴区埭溪镇上强工业园区茅坞路9号， 成立日期2006年6月27日，上市日期2024年7月31日，公司主营业务涉及热水锅炉与蒸汽锅炉的研发、生 产和销售,产品用于供应采暖和生活用水,以及供应工业生产所需的蒸汽。主营业务收入构成为：工业锅 炉93.56%，维保及合同能源管理6.17%，其他(补充)0.27%。 截至9月19日，力聚热能股东户数7199.00，较上期减少11.36%； ...

Group 1 - The core viewpoint of the news is that Lijun Thermal Energy's stock has experienced fluctuations, with a current price of 52.03 CNY per share, reflecting a year-to-date increase of 27.40% [1] - As of September 30, the company has a market capitalization of 4.735 billion CNY, with a trading volume of 20.87 million CNY and a turnover rate of 1.73% [1] - The company's main business involves the research, production, and sales of hot water and steam boilers, with industrial boilers accounting for 93.56% of its revenue [1] Group 2 - For the first half of 2025, Lijun Thermal Energy reported a revenue of 404 million CNY, a year-on-year decrease of 11.60%, and a net profit of 52.55 million CNY, down 32.66% compared to the previous year [2] - The company has distributed a total of 227 million CNY in dividends since its A-share listing [3] - As of June 30, 2025, the top ten circulating shareholders include significant institutional investors, with notable increases in holdings from Taikang Quality Life Mixed A and Taikang Strategy Preferred Mixed [3]

9月26日，力聚热能跌0.08%，成交额8891.66万元。两融数据显示，当日力聚热能获融资买入额541.90 万元，融资偿还1334.23万元，融资净买入-792.33万元。截至9月26日，力聚热能融资融券余额合计 9663.61万元。 机构持仓方面，截止2025年6月30日，力聚热能十大流通股东中，泰康品质生活混合A（010874）位居 第三大流通股东，持股40.00万股，相比上期增加15.00万股。泰康策略优选混合（003378）位居第四大 流通股东，持股39.00万股，相比上期增加14.00万股。宝盈成长精选混合A（013895）退出十大流通股 东之列。 责任编辑：小浪快报 资料显示，浙江力聚热能装备股份有限公司位于浙江省湖州市吴兴区埭溪镇上强工业园区茅坞路9号， 成立日期2006年6月27日，上市日期2024年7月31日，公司主营业务涉及热水锅炉与蒸汽锅炉的研发、生 产和销售,产品用于供应采暖和生活用水,以及供应工业生产所需的蒸汽。主营业务收入构成为：工业锅 炉93.56%，维保及合同能源管理6.17%，其他(补充)0.27%。 截至9月19日，力聚热能股东户数7199.00，较上期减少11.36% ...

9月17日，力聚热能涨2.30%，成交额2.06亿元。两融数据显示，当日力聚热能获融资买入额1914.82万 元，融资偿还3020.08万元，融资净买入-1105.26万元。截至9月17日，力聚热能融资融券余额合计 8902.37万元。 机构持仓方面，截止2025年6月30日，力聚热能十大流通股东中，泰康品质生活混合A（010874）位居 第三大流通股东，持股40.00万股，相比上期增加15.00万股。泰康策略优选混合（003378）位居第四大 流通股东，持股39.00万股，相比上期增加14.00万股。宝盈成长精选混合A（013895）退出十大流通股 东之列。 融资方面，力聚热能当日融资买入1914.82万元。当前融资余额8902.37万元，占流通市值的7.85%，融 资余额超过近一年90%分位水平，处于高位。 责任编辑：小浪快报 资料显示，浙江力聚热能装备股份有限公司位于浙江省湖州市吴兴区埭溪镇上强工业园区茅坞路9号， 成立日期2006年6月27日，上市日期2024年7月31日，公司主营业务涉及热水锅炉与蒸汽锅炉的研发、生 产和销售,产品用于供应采暖和生活用水,以及供应工业生产所需的蒸汽。主营业务收入构成为 ...

Group 1 - The core viewpoint of the news is that Lijun Thermal Energy has shown significant trading activity and financial performance, with a notable increase in financing buy-ins and a decrease in revenue and net profit year-on-year [1][2]. - As of August 22, Lijun Thermal Energy's financing buy-in amounted to 26.12 million yuan, with a net financing buy-in of 15.92 million yuan, indicating strong investor interest [1]. - The company's financing balance reached 98.70 million yuan, accounting for 10.56% of its circulating market value, which is above the 90th percentile level over the past year, suggesting a high level of leverage [1]. Group 2 - For the first half of 2025, Lijun Thermal Energy reported operating revenue of 404 million yuan, a year-on-year decrease of 11.60%, and a net profit attributable to shareholders of 52.55 million yuan, down 32.66% compared to the previous year [2]. - The company has distributed a total of 227 million yuan in dividends since its A-share listing, reflecting a commitment to returning value to shareholders [3]. - As of June 30, 2025, the top ten circulating shareholders included significant institutional investors, with notable increases in holdings from Taikang Quality Life Mixed Fund and Taikang Strategy Preferred Mixed Fund [3].

Core Insights - The book "Manufacturing Rules" reveals the psychological processes of engineers in standard-setting, highlighting the hidden forces that shape the material world and our lifestyles [2] - The formation of standards is determined by a triangular relationship among engineers, the market, and the government, with engineers often leading the consensus-driven process [3] - Market standardization is a lengthy evolutionary process, exemplified by the persistence of the QWERTY keyboard layout despite its inefficiency [4][5] - The book emphasizes the importance of personal charisma and organizational efficiency in the standard-setting process [5] - Standards are often created by "engineering geeks" rather than corporate leaders, who connect diverse ideas and influence significant business outcomes [6] - The interplay of engineers, entrepreneurs, and diplomats is crucial in the standard-setting process, which is characterized by compromise and human emotions [7] Industry Dynamics - The International Organization for Standardization (ISO) operates efficiently with a small staff, coordinating thousands of experts across numerous committees [8] - The history of standardization reflects a global mobilization of society, with various organizations like IETF focusing on specific industry standards [9][10] - The book outlines three waves of voluntary standard-setting, starting from the late 19th century, transitioning to international standards post-World War II, and culminating in the digital age [11][12][13] - China's manufacturing sector has the potential to lead the next wave of voluntary standardization, given its significant global manufacturing share and advancements in various technology fields [16][17]

Core Viewpoint - The industrial boiler industry in China is undergoing a new round of technological upgrades and market consolidation driven by the ongoing "dual carbon" goals and accelerated energy structure transformation [2][4]. Financial Performance - In 2024, the company achieved total revenue of 1.065 billion yuan and a net profit attributable to shareholders of 291 million yuan, representing a year-on-year growth of 8.51%. The net profit excluding non-recurring items was 216 million yuan, and the net cash flow from operating activities reached 288 million yuan, up 34.32% year-on-year [2]. Market Position and Competitive Advantage - The company specializes in the research, production, and sales of hot water and steam boilers, holding a leading position in high-efficiency energy-saving and low-nitrogen environmental protection technologies. Its self-developed "water-cooled premixed combustion technology" boasts a thermal efficiency exceeding 99% and nitrogen oxide emissions below 30 mg/m³, significantly surpassing industry standards [3]. - The company has 15 domestic invention patents and 3 overseas patents, and has participated in drafting 5 industry standards, receiving multiple authoritative certifications [3]. Industry Trends and Policy Support - The industrial boiler industry is experiencing a new upgrade opportunity as the national "dual carbon" strategy deepens. Stricter regulations are accelerating the elimination of inefficient and high-pollution capacities, leading to an increase in market share for technologically advanced leading enterprises [4]. - The company possesses core qualifications such as A-level boiler manufacturing and GC2-level pressure pipeline installation, and has established deep cooperation with large heating enterprises under the "coal-to-gas" policy [4]. Research and Development Focus - The company emphasizes technological innovation as its core competitiveness, increasing R&D investment focused on "reducing energy consumption, pollution, and enhancing safety." It collaborates with universities like Zhejiang University to promote the intelligent and green upgrade of boiler products [5]. - The successful development of a single-module 46MW gas boiler breaks foreign technology monopolies and lays the foundation for entering higher power markets [5]. Business Strategy - The company adopts a dual-driven strategy of "hot water boilers + steam boilers," effectively reducing risks associated with single business fluctuations. The hot water boiler segment is widely used in hospitals, schools, hotels, and centralized heating, while the steam boiler business focuses on industrial market demands [6]. Shareholder Returns - As a newly listed company in July 2024, the company implemented a high dividend payout, with cash dividends accounting for 78.15% of net profit attributable to shareholders, reflecting management's commitment to shareholder returns and confidence in future development [7]. - The company's core technological advantages, policy support, and stable financial performance position it as a leader in the industrial boiler industry, with potential for sustainable growth as the "dual carbon" policy advances and industry concentration increases [7].

浙江力聚热能装备股份有限公司 Zhejiang Liju Thermal Equipment Co.,Ltd. （浙江省湖州市吴兴区埭溪镇上强工业园区茅坞路 9 号） 首次公开发行股票并在主板上市 招股说明书 （上会稿） 声明：本公司的发行申请尚需经上海证券交易所和中国证监会履行相应程 序。本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投 资者应当以正式公告的招股说明书作为投资决定的依据。 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 浙江力聚热能装备股份有限公司 招股说明书（上会稿） 招股说明书(上会稿) 目 录 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行人注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人 的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反的 声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行人自 行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担股票依法 发行后因发行人经营与收益变化或者股票价格变动引 ...

浙江力聚热能装备股份有限公司 Zhejiang Liju Thermal Equipment Co.,Ltd. （浙江省湖州市吴兴区埭溪镇上强工业园区茅坞路 9 号） 首次公开发行股票并在主板上市 招股说明书 （申报稿） 声明：本公司的发行申请尚需经上海证券交易所和中国证监会履行相应程序。 本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应 当以正式公告的招股说明书作为投资决定的依据。 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 浙江力聚热能装备股份有限公司 招股说明书（申报稿） 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行人注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈 利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反的声明均 属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行人自行 负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担股票依法发行 后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-1 浙 ...