证券代码：603969 证券简称：银龙股份 公告编号：2025-036 天津银龙预应力材料股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： （二）业绩预告情况 测算，预计 2025 年半年度实现归属于母公司所有者的净利润为 16,066.91 万元至 万元，同比增长 60%至 80%。 净利润 16,061.31 万元至 18,068.97 万元，与上年同期（法定披露数据）相比，将 增加 6,022.99 万元至 8,030.65 万元，同比增长 60%至 80%。 （三）公司本次业绩预告数据未经会计师事务所审计。 二、上年同期业绩和财务状况 （一）2024 年半年度利润总额：12,850.06 万元；归属于母公司所有者的净 利润：10,041.82 万元；归属于母公司所有者的扣除非经常性损益的净利润： ? 经财务部门初步测算，预计 2025 年半年度实现归属于母公司所有者的净 利润为 16,066.91 万元至 18,075.27 万元，与上年同期（法定披露数据）相比，将 增加 6,025. ...

Core Viewpoint - Silver Dragon Co., Ltd. is poised for growth in its prestressed materials business, driven by increased demand from key national infrastructure projects and a focus on high-margin products [1][2] Group 1: Production and Capacity - The company has established five major production bases across different regions, with an annual production capacity of 600,000 tons, currently meeting order supply [1] - The addition of Jiangxi Jiujiang Baozelong Prestressed Steel Wire Co., Ltd. enhances the company's regional operational capabilities [1] Group 2: Sales Growth and Market Strategy - In 2024, the company anticipates a 6.62% year-on-year increase in sales volume of prestressed materials, benefiting from the launch of key railway and water conservancy projects [1] - The company is optimizing its product structure, leading to a steady increase in the proportion of high-margin products [1] Group 3: Product Development and Innovation - Key products such as spiral rib prestressed steel wire for track slabs and high-strength prestressed steel strands have achieved significant market breakthroughs, contributing to overall profitability [1] - The company plans to continue supporting national high-speed rail construction and existing line renovations with its core products [2] - Innovations in 2100MPa galvanized steel strands and 2200-2400MPa ultra-high-strength steel strands have improved product performance and expanded their application in the railway market [2] Group 4: Future Outlook - The company aims to maintain a strategy of stabilizing existing markets while expanding into new areas, focusing on enhancing the contribution of high-value-added products in infrastructure projects [2]

Core Viewpoint - The company, 恒星科技, is focusing on enhancing its competitive edge through technological upgrades and cost optimization in both its metal products and chemical sectors, particularly in organic silicon production [2][3][4]. Group 1: Financial Performance - In 2024, the company reported a revenue of 5.085 billion yuan and a net profit attributable to shareholders of 13.6075 million yuan [2]. - For Q1 2025, the company achieved a revenue of 1.117 billion yuan, with a net profit of 5.67 million yuan, representing a year-on-year growth of 390.5% [2][4]. - The Q1 2025 financial report indicated a revenue decline of 0.83% compared to the previous year, while the net profit increased by 390.5% [4]. - The company reported a debt ratio of 56.05% and a gross margin of 8.27% [4]. Group 2: Business Segments - The company operates in two main business segments: metal products and chemicals. The metal products segment includes the production and sales of galvanized steel wire, galvanized steel strands, and diamond wire, among others [3]. - The chemical segment primarily focuses on the production and sales of organic silicon and related products [3]. Group 3: Strategic Initiatives - The company is committed to continuous technological upgrades and market management to reduce costs and enhance efficiency [2]. - The company has successfully acquired mining rights for the Longtoushan gold mine and is working on further exploration to verify gold resource reserves [3]. - The company is exploring the tungsten wire market and has developed cold-drawing technology for tungsten wire, indicating a potential shift towards high-margin materials [2].

Core Viewpoint - The company has shown significant growth in production and sales across its metal products and chemical segments, driven by increased infrastructure investment and improved profitability in the first quarter of 2025 [2][3][4]. Group 1: Company Performance - In 2024, the company produced 660,600 tons and sold 685,100 tons of galvanized steel wire and related products, marking a year-on-year increase of 20.78% and 21.55% respectively [2]. - The company’s organic silicon and related products saw production of 90,500 tons and sales of 86,400 tons, with year-on-year growth of 60.41% and 46.80% respectively, alongside an improvement in gross margin [2]. - For Q1 2025, the company reported a net profit of 5.67 million yuan, a 390.50% increase year-on-year, and a net profit excluding non-recurring gains of 2.32 million yuan, up 50.79% [3]. Group 2: Product Applications - The company’s pre-stressed steel strand products are primarily used in infrastructure projects such as highways, high-speed railways, bridges, dams, urban overpasses, and wind turbine towers [2]. - Galvanized steel wire and strands serve as structural materials for power cables, mainly applied in power cable and ultra-high voltage projects [2]. Group 3: Financial Metrics - The company’s main revenue for Q1 2025 was 1.117 billion yuan, a slight decrease of 0.83% year-on-year, with a debt ratio of 56.05% and financial expenses amounting to 20.75 million yuan [4]. - The company experienced a net inflow of 61.64 million yuan in financing over the past three months, indicating increased investor interest [4].