9月23日，博盈特焊跌0.08%，成交额2965.46万元。两融数据显示，当日博盈特焊获融资买入额277.99 万元，融资偿还305.25万元，融资净买入-27.26万元。截至9月23日，博盈特焊融资融券余额合计 6289.00万元。 资料显示，广东博盈特焊技术股份有限公司位于广东省江门市鹤山市共和镇共盈路8号，成立日期2007 年3月28日，上市日期2023年7月24日，公司主营业务涉及防腐防磨堆焊装备、非堆焊的锅炉部件、压力 容器及高端钢结构件的研发、生产和销售。主营业务收入构成为：防腐防磨堆焊产品71.57%，其他 28.43%。 截至6月30日，博盈特焊股东户数1.92万，较上期减少5.22%；人均流通股4002股，较上期增加5.51%。 2025年1月-6月，博盈特焊实现营业收入2.63亿元，同比减少3.21%；归母净利润3121.54万元，同比减少 46.80%。 融资方面，博盈特焊当日融资买入277.99万元。当前融资余额6289.00万元，占流通市值的3.27%，融资 余额超过近一年80%分位水平，处于高位。 融券方面，博盈特焊9月23日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算 ...

证券代码：301468 证券简称：博盈特焊 编号：2025-012 尊敬的投资者，您好！越南基地已经投产。近年来，国际市 场对防腐防磨堆焊装备等产品的需求不断增长，国际订单的承接 和交付能力是公司拥有的突出优势与亮点，公司通过重点布局越 南生产基地建设，进一步提升公司国际订单的承接和交付能力， 满足公司海外市场需求的增长，越南生产基地的投产将为公司长 期发展带来积极的贡献。感谢您对公司的关注。 广东博盈特焊技术股份有限公司投资者关系活动记录表 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 业绩说明会 ☑ | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □线上调研 | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 2025 | 年 9 月 19 日(星期五)下午 15:30-17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、董事长、总经理 李海生 | | 员 ...

Group 1: Company Overview and Operations - The company specializes in anti-corrosion and wear-resistant technology applicable in various industries, including energy, chemical, metallurgy, and paper manufacturing [1][3] - As of June 30, 2025, the company has signed contracts worth approximately CNY 377 million that are yet to be fulfilled [4] Group 2: Revenue and Market Presence - As of June 30, 2025, the company's overseas revenue is approximately CNY 145 million, accounting for about 55% of total revenue [2] - The primary export markets include Asia, the United States, South America, and Europe [2] Group 3: Product Applications and Delivery - The company's products are mainly used in waste incineration power generation, with significant revenue contributions from coal-fired and biomass power generation [3] - The delivery cycle for customized equipment typically takes around 3 months, while products with installation obligations may take 6 to 12 months [5] Group 4: Future Growth Strategies - Future growth will focus on expanding overseas operations, particularly in the North American gas boiler market, and establishing manufacturing bases abroad [6] - The company is also investing in domestic production capabilities to enhance product diversity and core competitiveness [6] - Plans include broadening product applications in sectors such as coal power, oil and gas pipelines, and chemical industries [6]

Group 1: Company Overview and Recent Developments - The joint venture with Wilham has been established and is now operational, with business registration completed and a business license obtained [1] - As of June 30, 2025, the company has signed contracts worth approximately CNY 377 million that are yet to be fulfilled [3] - The Vietnam base is progressing, with contracts signed amounting to approximately CNY 67.37 million, expected to commence production in Q3 2025 [5] Group 2: Financial Performance and Management - Management expenses increased primarily due to costs associated with the Vietnam factory, which has not yet commenced production [4] - The company aims for a revenue growth rate of no less than 10% in 2025, 40% in 2026, and 80% in 2027, based on 2024 revenue figures [6] Group 3: Market Outlook and Strategic Planning - The global oil and gas pipeline market is experiencing structural growth driven by natural gas demand, geopolitical energy projects, and the need to upgrade aging pipelines [2] - The company plans to expand its product range, application fields, and international market presence as part of its core strategy [7][8] - R&D investment in the first half of 2025 was approximately CNY 12.4 million, indicating a commitment to innovation and product development [8]

Company Overview - Company conducted an institutional research meeting on August 5, 2025, attended by representatives from Qingdao Changming Fund, Baoying Fund, and Western Securities [1] - The company specializes in anti-corrosion and wear-resistant cladding equipment, non-cladding boiler components, pressure vessels, and high-end steel structures [8] Business Operations - The company acquires overseas clients primarily through business negotiations, leveraging its strong technical foundation, excellent manufacturing processes, and product quality to establish a reputable brand image [2] - The management adopts a project-based approach, assigning project managers to oversee execution, ensuring quality control, and providing technical support post-project completion to enhance customer satisfaction [3] Market Opportunities - The company is collaborating with Wilham to establish a joint venture to explore the oil and gas market, particularly in the Middle East, due to increasing demand for bimetallic metallurgical composite pipes in corrosive environments [6] - The market for metallurgical composite pipes is expected to grow significantly as the technology matures and costs decrease, making large-scale applications feasible [6] Industry Competition - The anti-corrosion and wear-resistant industry is experiencing increased competition as more companies enter the market, driven by high profit margins [8] - To address intensified competition, the company plans to enhance R&D investment and innovation, improve product diversity, and optimize management practices to maintain its competitive edge [8] Financial Performance - In Q1 2025, the company reported a main revenue of 106 million, a year-on-year decrease of 14.28%, and a net profit of 13.96 million, down 50.86% year-on-year [8] - The company's debt ratio stands at 6.99%, with investment income of 2.34 million and a gross margin of 25.23% [8] Stock Market Activity - Recent financing data indicates a net inflow of 45.30 million in the past three months, with an increase in financing balance, while there was no net inflow in securities lending [9]

Group 1: Company Overview and Management - The company is one of the earliest in China to engage in industrial equipment anti-corrosion and wear-resistant overlay welding, leveraging strong technical expertise and product quality to build a reputable brand image [1] - The management adopts a project-based approach, with a project manager responsible for overseeing execution, ensuring quality control, and providing technical support post-project completion [2] Group 2: Market Opportunities and Collaborations - The company plans to establish a joint venture with Wilham, focusing on expanding into the oil and gas market, particularly in the Middle East, to set up overseas manufacturing bases [4] - There is a growing demand for bimetallic metallurgical composite pipes in the oil and gas industry due to increased corrosion risks in acidic gas fields, indicating a significant market opportunity [4][5] Group 3: Industry Competition and Strategy - The industrial anti-corrosion and wear-resistant overlay welding market is expanding, driven by the rapid growth of waste incineration power generation in China, attracting more competitors [6] - To address increasing competition, the company will enhance R&D investment and innovation, focusing on new materials, processes, and equipment to improve product diversity and operational efficiency [6]

Group 1 - The stock price of Boying Welding on July 31 was 25.05 yuan, down 0.75 yuan or 2.91% from the previous trading day [1] - The opening price on the same day was 25.69 yuan, with a highest price of 26.25 yuan and a lowest price of 24.97 yuan, with a trading volume of 33,893 hands and a transaction amount of 86 million yuan [1] - Boying Welding specializes in the research, production, and sales of anti-corrosion and wear-resistant welding equipment, non-welded boiler components, pressure vessels, and high-end steel structures [1] Group 2 - On July 30, Boying Welding signed a cooperation framework agreement with Suzhou Weirham Welding Technology Co., Ltd. to establish a joint venture company, which will be controlled by Boying Welding [1] - The joint venture will focus on expanding into the oil and gas market and overseas markets, with plans to set up an overseas manufacturing base in the Middle East [1] - The cooperation will include the application of special welding technology in the oil and gas market, as well as the overseas market expansion of anti-corrosion and wear-resistant equipment and high-end steel structures [1] Group 3 - On July 31, the net outflow of main funds was 7.4065 million yuan, accounting for 0.38% of the circulating market value [2]

Group 1: Company Overview - The chairman and general manager, Li Haisheng, is a model worker in Guangdong Province and has focused on special metal materials welding since the company's establishment in 1993 [1] - The management team has extensive industry experience, with core technical personnel having 20-30 years of experience in special welding technology [2] Group 2: Product Advantages - The company's anti-corrosion and wear-resistant welding equipment enhances the performance and lifespan of industrial equipment, reducing direct losses from repairs and indirect losses from downtime [3] - The products are designed to operate safely and efficiently in harsh environments, such as high corrosion, wear, high temperature, and high pressure [3] Group 3: Market Expansion - The company is expanding its research and development investments in gas boilers, thermal power, and marine equipment, in addition to waste incineration power generation [4] - Advanced technologies like laser cladding and secondary remelting are being developed to improve production efficiency and product performance [4] Group 4: Impact of Tariffs - Tariffs have a minimal impact on the company's expansion into the U.S. market, as revenue from this market is currently small [5][6] - The company is closely monitoring U.S.-China trade policies and is strategically expanding its product categories and international market presence [6] Group 5: Production and Pricing Model - The company employs a "sales-driven production" model, ensuring efficient production management and quality control [7] - Pricing strategies are based on customer needs, market conditions, and production costs, with expected profit margins set for different projects [8] Group 6: Order Acquisition - The primary customers are energy-saving and environmental protection enterprises, with procurement mainly through bidding processes [9] - The company has established a strong brand image through technical expertise, product quality, and industry reputation, facilitating customer acquisition [10] Group 7: Industry Barriers - High technical barriers exist due to the long development cycle and resource investment required for industrial anti-corrosion and wear-resistant products [11] - Talent barriers are significant, as the industry requires professionals with diverse expertise and extensive experience [12] - Scale barriers are present, as larger companies benefit from economies of scale, impacting cost control and risk management [13] - Customer barriers are high due to stringent evaluation processes by large enterprises in selecting suppliers [13] Group 8: Future Growth Points - Future growth will focus on expanding product types, including high-value manufacturing and boiler components [13] - Diversifying application fields, particularly in biomass power generation and metallurgy, while increasing market penetration through demonstration projects [13] - Accelerating international market development, particularly in Vietnam, to enhance global customer service capabilities [13]

Market Overview - The company's technology and products are applicable in various industrial fields, primarily in waste-to-energy power generation, which accounted for 68.46% of revenue in 2024, totaling 315 million CNY [1] - Domestic market demand for waste-to-energy power generation remains stable compared to last year, while international demand, particularly in developed regions like Europe, is increasing [1][2] Financial Performance - The company's revenue and profit declined in 2024 due to complex international political and economic conditions, increased domestic economic pressure, and intensified competition in the waste-to-energy sector [3] - The overseas revenue share reached 55% in 2024, with exports primarily to Europe, Asia, and the United States [5] Production and Delivery - The company has a sufficient order backlog, with a production cycle of approximately 3 months for customized equipment and 6 to 7 months for installations [3] - The construction of the Da'ao production base is progressing well, while the first phase of the Vietnam production base is completed and expected to commence operations within the year [3] Strategic Development - The company aims to expand its product range, application fields, and international market presence, focusing on special welding technology [8][9] - Future plans include enhancing technology and application upgrades in sectors such as coal-fired power generation, papermaking, and chemical industries [9]

Core Viewpoint - 博盈特焊's performance in 2024 was significantly impacted by market demand fluctuations and international environmental changes, leading to a substantial decline in revenue and profit [1][4]. Group 1: Financial Performance - The company reported total revenue of 460 million yuan in 2024, a year-on-year decrease of 23.76% [1]. - The net profit attributable to shareholders was 69 million yuan, down 47.02% year-on-year [1]. - The non-recurring net profit was 46.94 million yuan, reflecting a decline of 61.67% compared to the previous year [1][5]. Group 2: Business Operations - 博盈特焊 specializes in the research and application of core technologies in special welding, with key products including anti-corrosion and wear-resistant welding equipment [4]. - The company faced significant changes in the waste-to-energy sector, primarily due to market demand fluctuations and policy adjustments, which adversely affected revenue [4]. - Despite having a competitive edge in anti-corrosion and wear-resistant welding equipment, the company's heavy reliance on a single market has weakened its risk resilience [4]. Group 3: Cost and Investment - The company's net profit decline highlights pressures in cost control, with sales expenses increasing by 188.06% as efforts were made to expand market presence [5]. - Investment in fixed assets, intangible assets, and other long-term assets increased by 884.56%, adding financial pressure in the short term [6]. - The company is constructing production bases in Daqiao and Vietnam, which are expected to support future growth but currently strain profit margins [6]. Group 4: Future Outlook - 博盈特焊 aims to enhance market expansion and technical innovation, focusing on diversifying product types and entering international markets [6]. - The management emphasizes the importance of increasing research and development investments to improve product competitiveness [6]. - Balancing market expansion with cost control will be crucial for the company to enhance profitability in a challenging market environment [6].