8月26日主力资金净流出93.81万元，占流通市值比为0.02%。近五日主力资金净流入173.09万元，占流 通市值比为0.04%。公司最新资产负债率为9.11%，较上季度减少0.82个百分点。 风险提示：以上内容仅供参考，不构成投资建议。股市有风险，投资需谨慎。 博深股份8月26日报收7.78元，较前一交易日下跌0.10元，跌幅1.27%。当日成交量为109747手，成交金 额达0.85亿元，换手率为2.17%。 该公司主营业务为金刚石工具的研发、生产和销售，业务范围涵盖金刚石工具、涂附磨具、轨道交通装 备零部件三个领域。2025年上半年公司实现营业总收入8.37亿元，同比增长5.07%；但归母净利润 9738.36万元，同比下降11.41%。 ...

证券代码：688028 证券简称：沃尔德 公告编号：2025-031 北京沃尔德金刚石工具股份有限公司 一、 回购审批情况和回购方案内容 北京沃尔德金刚石工具股份有限公司（以下简称"公司"）于 2024 年 7 月 26 日召开第四届董事会第五次会议，于 2024 年 8 月 14 日召开 2024 年第二次临时股 东会，审议通过了《关于第二期以集中竞价交易方式回购公司股份方案的议案》， 同意公司使用自有资金以集中竞价交易方式回购公司股份用于减少公司注册资本， 回购资金总额不低于人民币 1,000 万元（含），不超过人民币 2,000 万元（含）， 回购价格不超过 23 元/股（含）,回购股份期限自股东会审议通过本次股份回购方 案之日起 12 个月内。具体内容详见公司于 2024 年 7 月 29 日、2024 年 8 月 21 日 在上海证券交易所网站（www.sse.com.cn）披露的《关于第二期以集中竞价交易 方式回购股份的预案》 （公告编号：2024-040）、 《关于第二期以集中竞价交易方式 回购股份的回购报告书》（公告编号：2024-047）。 公司 2024 年半年度权益分派实施完毕后，本次回 ...

Core Viewpoint - Beijing World Diamond Tools Co., Ltd. has announced the implementation of its 2024 annual profit distribution plan, which includes a cash dividend of RMB 0.22 per share for all shareholders, excluding shares held in the company's repurchase account [2][5][18]. Group 1: Dividend Distribution Details - The cash dividend distribution was approved at the company's annual shareholders' meeting on May 15, 2025 [3]. - The distribution is based on the total share capital after deducting shares held in the repurchase account, with a payout of RMB 2.2 for every 10 shares held [5][18]. - The total cash dividend to be distributed amounts to RMB 33,240,900 [18]. Group 2: Tax Implications - For individual shareholders holding unrestricted shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net payout of RMB 0.22 per share [11]. - For shares held for one year or less, the company will not withhold tax at the time of distribution, and the actual tax will be calculated upon the sale of the shares [11]. - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, leading to a net dividend of RMB 0.198 per share [12]. Group 3: Share Repurchase Price Adjustment - Following the dividend distribution, the maximum repurchase price has been adjusted from RMB 22.88 to RMB 22.66 per share, effective from June 17, 2025 [16][18]. - The adjustment is based on the cash dividend distribution and the company's repurchase plan, which allows for a total repurchase fund between RMB 10 million and RMB 20 million [20]. - The estimated number of shares to be repurchased ranges from approximately 44,130 to 88,260 shares, depending on the total repurchase fund utilized [20].

Group 1: Investor Relations Activity Overview - The company held a performance briefing for the 2024 annual report on May 14, 2025, via an online platform [3] - Key attendees included the Chairman, General Manager, and other board members, along with representatives from Guotai Junan Securities [3] Group 2: Business Growth and New Ventures - In 2024, the company achieved a revenue of 116.26 million CNY from new businesses, marking a year-on-year growth of 36.38% [4] - The new business areas include rare earth permanent magnet components, advanced ceramic materials, and high-precision ultra-hard processing technologies [4] - The rare earth permanent magnet component business generated 70.77 million CNY in revenue, reflecting a year-on-year increase of 20.03% [8] Group 3: Strategic Measures for Growth - The company plans to enhance its second growth curve by investing in new business areas and optimizing its production capabilities [5] - Specific measures include establishing subsidiaries for semiconductor-related materials and expanding research on diamond wire applications [5] - The company aims to deepen the collaboration between precision processing equipment and tools to improve automation levels [6] Group 4: R&D and Technological Leadership - The company maintains a R&D expense ratio of over 4% for the past three years, ensuring continued investment in technology [7] - Strategies for maintaining technological leadership include resource allocation for R&D, talent development, and project-based product development [6] - The company emphasizes the integration of industry-academia-research collaborations to shorten R&D cycles and overcome technical bottlenecks [6] Group 5: Cost Management and Risk Mitigation - The company has implemented measures to mitigate risks from raw material price fluctuations, including diversifying suppliers and optimizing production processes [6] - Direct material costs are significant, and the company is focused on innovating product formulations and enhancing automation to reduce production costs [7] - The company has established a flexible pricing strategy to maintain profit margins amid market price volatility [6]

Core Viewpoint - The legal opinion letter from Beijing Jincheng Tongda Law Firm confirms the legality of the procedures and results of the 2024 annual shareholders' meeting of Beijing World Diamond Tools Co., Ltd. [1][8] Group 1: Meeting Procedures - The shareholders' meeting was convened following the announcement made by the board of directors on April 22, 2025, in compliance with relevant laws and regulations [3][4]. - The meeting utilized a combination of on-site and online voting methods, with specific time slots for voting outlined [5]. - The actual time, location, and method of the meeting matched the details provided in the meeting notice [5]. Group 2: Attendance and Qualifications - A total of 69 ordinary shareholders attended the meeting, holding 58,902,996 voting rights, which represents 38.9840% of the total voting rights [6]. - The qualifications of the attendees and the convenor (the board of directors) were verified to be in accordance with relevant laws and regulations [6]. Group 3: Agenda and Voting Results - The meeting reviewed a total of 8 proposals, all of which were approved, and the proposals were consistent with those announced in the meeting notice [7]. - The voting process was conducted in accordance with legal requirements, and the results were publicly announced after combining on-site and online votes [7][8]. - The legal opinion confirms that all aspects of the meeting, including the agenda and voting procedures, complied with applicable laws and regulations [8].

Group 1: Company Development and Strategy - The new controlling shareholder, Iron Investment Group, focuses on supporting major infrastructure construction in Shandong Province, particularly high-speed rail projects [1] - The company aims to develop three key industries: new energy, new materials, and new equipment, positioning itself as an important platform for Iron Investment Group's new equipment industry [1] - The company will combine internal growth with external mergers and acquisitions, leveraging group synergies for project cooperation and investment [1] Group 2: Market Expansion and Product Development - The company is exploring opportunities in the industrial products, high-end equipment, and new materials sectors, but currently has no plans to transition into artificial intelligence [1] - The subsidiary, Changzhou Jinniu Grinding, focuses on the R&D, production, and sales of abrasive products, primarily large roll products, and plans to expand its overseas market presence through strategic partnerships [2] Group 3: Domestic Market and Competitive Advantage - The company sees potential for growth in the domestic market and plans to leverage its competitive advantages gained from recent internal improvements, focusing on cost leadership and scale effects [3] - Efforts will include enhancing team building, broadening sales channels, and optimizing resource allocation through technological innovation and product upgrades [3] Group 4: Value Management and Investor Relations - The company emphasizes value management, maintaining a focus on sustainable development and consistent cash dividends to reward investors [4] - It aims to improve operational performance and profitability while enhancing communication with investors to convey company value [4] Group 5: Mergers and Acquisitions - The company will consider business synergy, team compatibility, and industry prospects when selecting acquisition projects, with a cautious approach to evaluating risks in the current economic environment [5] - It will actively research business opportunities in advanced manufacturing while ensuring risk control [5]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company reported a decline in performance due to intensified competition in the ceramics and stone industries, with revenue for 2024 and Q1 2025 at 573.95 million and 117 million yuan respectively, showing a year-on-year change of -0.24% and +2.41% [2] - The net profit attributable to the parent company for 2024 and Q1 2025 was 24.39 million and 6 million yuan, reflecting a year-on-year decrease of 36.46% and 37.32% [2] - The company is focusing on the growth of rare earth permanent magnet components and advanced ceramic materials as new growth drivers [3] Summary by Sections Financial Performance - The company experienced a significant decline in net profit due to global economic slowdown and increased competition, with credit impairment losses rising by 136.23% compared to 2023 [2] - The sales gross margin increased by 0.71 percentage points to 30.33% in 2024, while the net profit margin decreased by 2.38 percentage points to 3.79% [2] Business Segments - Diamond tools accounted for over 70% of revenue, with a slight decline in revenue due to reduced demand in the ceramics and stone sectors, but the company maintained market share through innovation and cost control [2] - Revenue from rare earth permanent magnet components is expected to grow by 20.03% to 71 million yuan in 2024, with an increase in gross margin [2] - The silicon carbide tools segment saw a revenue decline of 14.72% to 20 million yuan in 2024, but with an increase in gross margin [2] Future Outlook - The company is expanding its international presence in diamond tools and developing new business areas, including rare earth permanent magnets and advanced ceramics, with significant breakthroughs in production and sales expected in 2024 [3] - The profit forecast for 2025 and 2026 has been adjusted to 27.17 million and 31.76 million yuan respectively, with a new estimate for 2027 at 38.29 million yuan [3]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company reported a decline in performance due to intensified competition in the ceramics and stone industries, with revenue for 2024 and Q1 2025 at 573.95 million and 117 million yuan respectively, showing a year-on-year change of -0.24% and +2.41% [2] - The net profit attributable to the parent company for 2024 and Q1 2025 was 24.39 million and 6 million yuan, reflecting a year-on-year decrease of 36.46% and 37.32% [2] - The company is focusing on the growth of rare earth permanent magnet components and advanced ceramic materials as new growth drivers, with expectations for revenue growth in these segments [3] Summary by Sections Financial Performance - The company experienced a significant decline in net profit due to global economic slowdown and increased competition, with credit impairment losses rising by 136.23% compared to 2023 [2] - The sales gross margin increased by 0.71 percentage points to 30.33% in 2024, while the net profit margin decreased by 2.38 percentage points to 3.79% [2] Business Segments - Diamond tools accounted for over 70% of revenue, with a slight decline in revenue due to reduced demand in the ceramics and stone sectors, but the company maintained market share through innovation and cost control [2] - Revenue from rare earth permanent magnet components is expected to grow by 20.03% to 71 million yuan in 2024, with an increase in gross margin [2] - Revenue from silicon carbide tools is projected to decline by 14.72% to 20 million yuan in 2024, but with an increase in gross margin [2] Future Outlook - The company is enhancing its international presence in diamond tools and expanding into rare earth permanent magnet components and advanced ceramics, aiming for a second growth curve [3] - Adjusted net profit forecasts for 2025 and 2026 are 27.17 million and 31.76 million yuan respectively, with a new forecast for 2027 at 38.29 million yuan [3]

Core Viewpoint - Benlang New Materials (836807) reported a revenue of 573 million yuan and a net profit attributable to shareholders of 23.4661 million yuan for the year 2024, while proposing a cash dividend of 1.00 yuan per 10 shares to all shareholders [1]. Group 1: Financial Performance - In 2024, Benlang New Materials achieved a revenue of 573 million yuan and a net profit of 23.4661 million yuan [1]. - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares (including tax) to all shareholders [1]. - The new business segment, including rare earth permanent magnet components and other main businesses, generated a total revenue of 116.2552 million yuan, accounting for an increase of 5.45 percentage points compared to the previous year [2]. Group 2: Business Development - The company has maintained stable operations in its diamond tool business despite challenges in the ceramic and stone sectors due to overseas market demand and competition [1]. - Benlang New Materials is one of the few companies in China with capabilities in research, formulation design, product structure design, production process innovation, and application expansion for diamond tools and bonding materials [1]. - The advanced ceramic materials business has rapidly developed, establishing a comprehensive system for research, preparation, testing, and verification, leading to significant breakthroughs in production and sales [2]. Group 3: Technological Innovation - In 2024, Benlang New Materials was selected for the National Excellent Engineer Innovation Research Institute's "Excellent Engineer Workstation" [3]. - The company has implemented several manufacturing technology upgrades, including automatic production lines for diamond segments and grinding wheel components, significantly improving production efficiency [3]. - The company has received recognition for its long-term commitment to cash dividends, having distributed over 110 million yuan in cash dividends cumulatively, and won the "Outstanding Shareholder Return Award" at the Fifth Panorama Investor Relations Gold Award [3]. Group 4: International Expansion - Benlang New Materials is accelerating its internationalization by establishing a production subsidiary in Turkey, which will support its strategic market expansion into the Middle East, Africa, and Europe [3]. - The company has increased its overseas after-sales service coverage to three additional countries and regions [3].