11月25日，胜利股份盘中上涨2.07%，截至10:09，报4.93元/股，成交2.13亿元，换手率5.02%，总市值 43.39亿元。 胜利股份所属申万行业为：公用事业-燃气Ⅱ-燃气Ⅲ。所属概念板块包括：油气改革、页岩气、天然 气、低价、小盘等。 截至9月30日，胜利股份股东户数4.67万，较上期增加3.11%；人均流通股18767股，较上期减少3.02%。 2025年1月-9月，胜利股份实现营业收入30.42亿元，同比减少5.07%；归母净利润1.20亿元，同比增长 9.43%。 分红方面，胜利股份A股上市后累计派现3.61亿元。近三年，累计派现1.03亿元。 机构持仓方面，截止2025年9月30日，胜利股份十大流通股东中，中信保诚多策略混合(LOF)A （165531）退出十大流通股东之列。 责任编辑：小浪快报 资金流向方面，主力资金净流出302.87万元，特大单买入806.86万元，占比3.79%，卖出1381.84万元， 占比6.49%；大单买入4586.73万元，占比21.55%，卖出4314.62万元，占比20.27%。 胜利股份今年以来股价涨45.94%，近5个交易日跌26.42%，近20日涨 ...

Core Viewpoint - Victory Co., Ltd. has seen significant stock price increases this year, with a notable rise in recent trading days, indicating strong market interest and potential growth opportunities [2]. Company Overview - Victory Co., Ltd. is located in Jinan, Shandong Province, and was established on May 11, 1994, with its stock listed on July 3, 1996. The company primarily engages in plastic pipelines, biotechnology, domestic and foreign trade, chemical pesticides, and natural gas terminal application services [2]. - The company's revenue composition is as follows: 76.33% from natural gas and value-added services, and 23.67% from equipment manufacturing [2]. - As of September 30, 2025, the number of shareholders is 46,700, an increase of 3.11% from the previous period, with an average of 18,767 circulating shares per shareholder, a decrease of 3.02% [2]. Stock Performance - Year-to-date, Victory Co., Ltd. stock has increased by 35.58%, with a 20.53% rise over the last five trading days, and a 31.61% increase over both the last 20 and 60 days [2]. - On November 12, the stock reached a peak price of 4.58 CNY per share, with a trading volume of 10.583 million CNY and a turnover rate of 0.26%, resulting in a total market capitalization of 4.031 billion CNY [1]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 3.042 billion CNY, a year-on-year decrease of 5.07%, while the net profit attributable to shareholders was 120 million CNY, reflecting a year-on-year increase of 9.43% [2]. - Since its A-share listing, the company has distributed a total of 361 million CNY in dividends, with 103 million CNY distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of Victory Co., Ltd. have seen changes, with CITIC Prudential Multi-Strategy Mixed (LOF) A exiting the list [3].

Core Insights - The A-share merger and acquisition market is experiencing a significant increase in activity, driven by favorable policies and capital empowerment for industrial transformation [1] - A total of 21 A-share listed companies disclosed merger and acquisition progress this week, indicating a robust trend in the market [1] Group 1: Mergers and Acquisitions Announcements - Dongtu Technology plans to acquire 100% of Gaoweike's shares and will resume trading on November 3 [1][5] - Baichuan Energy intends to acquire 22.86% of Xi'an Zhongke Optoelectronics for 215 million yuan [1] - Weigao Blood Purification is set to acquire 100% of Weigao Purui Medical Packaging, with trading resuming on November 3 [1][3] - Anfu Technology plans to acquire 6.7402% of Anfu Energy for 304 million yuan [1] - Pengding Holdings aims to acquire and increase investment in Wuxi Huayang Technology for 357 million yuan [1] - Sichuan Jinding is acquiring 50% of Sichuan Kaiwu Qiyuan Technology [1] - Shahe Co. is planning to purchase 70% of Jinghua Electronics [1] - Kaineng Health intends to acquire all shares and assets of certain subsidiaries of Yuanneng Group in cash [1] - Huali Co. plans to acquire 51% of Zhongke Huilian [1] - Keda Co. aims to acquire at least 60% of Hanhua Paper [1] - Jiuzhitang plans to acquire 35% of Jixianglong Biotechnology for 21 million yuan [1] - Lingyi Zhi Manufacturing intends to acquire 96.15% of Zhejiang Xianglong for 2.404 billion yuan [1] - Kanglong Chemical plans to acquire 82.54% of Bai'ao De for 1.346 billion yuan [1] - COSCO Shipping Energy intends to acquire 100% of Shanghai Liquefied Gas for 598 million yuan [1] - Jixin Technology plans to acquire 57.4531% of New Energy Bearings in cash [1] - Victory Co. is planning to acquire gas-related assets controlled by its major shareholder [2][6] - Guangyun Da intends to acquire control of Lingxuan Precision in cash [2] - New Xing Casting plans to acquire 10% of Fukang Energy for 151 million yuan [2] - Boyuan Chemical intends to acquire 10.65% of Yingen Mining for 2.726 billion yuan [2] - Delisi plans to acquire 100% of Yufenghe Food for 32.32 million yuan [2] Group 2: Strategic Importance of Acquisitions - Weigao Purui, established in 2018, is the first domestic company to obtain a pre-filled syringe registration certificate, indicating its strategic importance in the pharmaceutical packaging sector [4] - The acquisition by Weigao Blood Purification is a key step in enhancing its industrial chain layout, allowing for expansion into the pharmaceutical packaging field [4] - Dongtu Technology's acquisition of Gaoweike aims to enhance domestic core control technology in high-end equipment manufacturing and upgrade its service model [5] - Victory Co.'s planned acquisition of gas-related assets is expected to optimize its asset structure and enhance its market position [6]

证券代码：002051 证券简称：中工国际 公告编号：2025－058 至 2025 年 9 月末，公司国内工程承包业务已签约未完工项目合同金 额 40.22 亿元，暂无已中标尚未签约项目合同；咨询设计业务已签约 未完工项目合同金额 46.23 亿元，已中标尚未签约项目合同金额 0.61 亿元。 2025 年第三季度，公司装备制造业务新签合同额为 3.69 亿元， 包括：哈伦阿尔山滑雪场脱挂索道、乌兹别克斯坦塔什干垃圾吊、灰 渣吊、汽机吊项目。2025 年 1-9 月，公司装备制造业务新签合同额累 计为 9.63 亿元。截至 2025 年 9 月末，公司装备制造业务累计已签约 未完工项目合同额 37.91 亿元。 2025 年第三季度，公司工程投资与运营业务无新签合同。2025 年 1-9 月，公司工程投资与运营业务新签合同额累计为 4.75 亿美元。 截至 2025 年 9 月末，已中标尚未签约项目合同金额 3.15 亿元。 中工国际工程股份有限公司 2025 年第三季度经营情况简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 中工国际工程股份有限公司（ ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance in the next 6-12 months [5][15]. Core Insights - The company is a leader in the non-ferrous metal engineering technology sector, backed by the China Aluminum Group, and is positioned for high-quality development through a focus on its core business and international expansion [2][8]. - The company has achieved significant management results, winning awards for its innovative management practices in the non-ferrous metal industry [1]. - The company is expected to benefit from the high prosperity of the non-ferrous metal industry, with substantial growth in investment and profit forecasts for the coming years [2][3]. Summary by Sections Company Overview - Established in 2003, the company became the first "A+H" listed non-ferrous engineering technology stock in 2012 and 2018, with a controlling stake of 76.42% held by the China Aluminum Group [2][5]. - The company has a comprehensive advantage in technology, talent, qualifications, and internationalization within the non-ferrous metal industry [2][8]. Financial Performance - The company reported a revenue of 22.34 billion yuan in 2023, with projections of 25.07 billion yuan in 2025, reflecting a growth rate of 4.4% [4][13]. - The net profit attributable to the parent company is expected to recover from a loss of 2.66 billion yuan in 2023 to a profit of 231 million yuan in 2025, with a growth rate of 4.6% [4][14]. Business Segments - The company’s revenue from industrial contracts is projected to grow significantly, with new contracts signed in 2024 reaching 28.28 billion yuan, a year-on-year increase of 43% [3][12]. - The equipment manufacturing segment is expected to see a revenue increase of 20% in 2025, driven by technological advancements and strong demand [10][12]. - The design consulting business is also anticipated to maintain steady growth, with revenues projected to reach 1.8 billion yuan in 2025 [12][13]. Profitability and Valuation - The company’s gross margin is expected to improve, with projections of 12.16% in 2025, up from 8.76% in 2023 [4][13]. - The report estimates a price-to-book (P/B) ratio of 2.5 for 2025, corresponding to a target price of 5.70 yuan per share [15][16].

Core Insights - The company, Shengli Co., has experienced significant growth since its listing in July 1996, with its market capitalization increasing from 617 million yuan to 3.019 billion yuan, reflecting not only scale expansion but also optimization of its business structure [1][3] - Despite the growth in market capitalization, the company's revenue and profit have shown volatility in recent years, indicating challenges in maintaining consistent financial performance [3] Business Overview - Shengli Co.'s main business includes the natural gas industry, with core products divided into natural gas and value-added services (77.75% of revenue) and equipment manufacturing (22.25% of revenue) [3] - The company reported a cumulative profit growth of 364.99% from a net profit of 25 million yuan in its first year to 117 million yuan in the latest complete fiscal year of 2024, with 17 years of profit growth out of 29 years [3] Financial Performance - Revenue has declined from 4.596 billion yuan in 2020 to 4.226 billion yuan in 2024, indicating a negative compound annual growth rate over the past five years [3] - Net profit has also decreased from 142 million yuan in 2020 to 117 million yuan in 2024, highlighting a need for improved profit stability [3] Market Capitalization Trends - Since its listing, Shengli Co.'s market capitalization has increased by 3.89 times, peaking at 11 billion yuan in March 2017, with a stock price of 12.5 yuan [5] - As of July 2, the stock price was 3.43 yuan, with a market capitalization of 3.019 billion yuan, representing a decrease of 79.82 million yuan from its peak, equating to a 72.56% market value evaporation [5]

证券代码：002051 证券简称：中工国际 公告编号：2025－004 中工国际工程股份有限公司 2024 年第四季度经营情况简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 中工国际工程股份有限公司（以下简称"公司"）2024 年第四季 度主要经营情况如下： 一、主要经营数据 2024 年第四季度，公司国际工程业务新签重要合同 3 个，新签 合同额为 8.38 亿美元，包括：尼加拉瓜布卢菲尔兹深水港一期建设项 目等。2024 年，公司国际工程业务新签重要合同 13 个，新签合同额 累计为 24.11 亿美元，同比增长 4.42%；国际工程承包业务生效合同 额 11.54 亿美元，保持在较高水平。截至 2024 年末，公司国际工程业 务主要在执行项目 38 个，在手合同余额为 93.33 亿美元。 2024 年第四季度，公司国内工程承包业务新签合同额为 7.06 亿 元，包括：蛇口影剧院升级改造工程项目（设备及室内装修部分）设 计采购施工总承包（EPC）、锦州零碳产业园新型储能园区建设项目总 承包 EPC 等；咨询设计业务新签合同额为 5.87 亿元，包括 ...