Core Viewpoint - Luoyang Energy's stock price increased by 5.38% to 13.31 CNY per share, with a trading volume of 61.78 million CNY and a turnover rate of 0.96%, resulting in a total market capitalization of 6.83 billion CNY [1] Company Overview - Shandong Luoyang Energy Materials Co., Ltd. is located in Yiyuan County, Zibo City, Shandong Province, established on October 14, 1992, and listed on November 30, 2006 [1] - The company's main business includes the research, production, sales, and construction of refractory insulation products such as ceramic fibers, soluble fibers, alumina fibers, and lightweight mullite bricks, as well as basalt fiber products [1] - The revenue composition of the main business is as follows: ceramic fiber products 87.65%, industrial filtration products 6.47%, automotive lining products 5.54%, and others 0.34% [1] Shareholder Information - E Fund's fund, E Fund CSI Dividend ETF (515180), is among the top ten circulating shareholders of Luoyang Energy, having reduced its holdings by 445,000 shares to 3.2783 million shares, representing 0.65% of the circulating shares [2] - The estimated floating profit for today is approximately 2.2292 million CNY [2] - E Fund CSI Dividend ETF was established on November 26, 2019, with a latest scale of 8.302 billion CNY, yielding 2.15% this year, ranking 3951 out of 4221 in its category, and 7.9% over the past year, ranking 3623 out of 3836 [2] Fund Manager Information - The fund managers of E Fund CSI Dividend ETF are Lin Weibin and Song Zhaoxian [3] - Lin Weibin has a cumulative tenure of 12 years and 211 days, managing a total fund size of 106.5 billion CNY, with the best fund return of 74.97% and the worst return of -22.14% during his tenure [3] - Song Zhaoxian has a cumulative tenure of 5 years and 26 days, managing a total fund size of 28.905 billion CNY, with the best fund return of 71.59% and the worst return of -30.86% during his tenure [3]

9月25日，鲁阳节能盘中下跌2.01%，截至09:39，报13.14元/股，成交921.16万元，换手率0.14%，总市 值67.42亿元。 资金流向方面，主力资金净流出129.32万元，大单买入23.90万元，占比2.59%，卖出153.22万元，占比 16.63%。 鲁阳节能今年以来股价涨9.59%，近5个交易日涨3.30%，近20日涨13.08%，近60日涨21.33%。 资料显示，山东鲁阳节能材料股份有限公司位于山东省淄博市沂源县城沂河路11号，成立日期1992年10 月14日，上市日期2006年11月30日，公司主营业务涉及陶瓷纤维、可溶纤维、氧化铝纤维、轻质莫来石 砖等耐火保温产品的研发、生产、销售、施工业务,玄武岩纤维产品的研发、生产、销售业务。主营业 务收入构成为：陶瓷纤维产品87.65%，工业过滤制品6.47%，汽车衬垫产品5.54%，其他(补充)0.34%。 分红方面，鲁阳节能A股上市后累计派现27.72亿元。近三年，累计派现12.25亿元。 机构持仓方面，截止2025年6月30日，鲁阳节能十大流通股东中，易方达中证红利ETF（515180）位居 第五大流通股东，持股327.83万股，相比 ...

Core Viewpoint - Luoyang Energy has shown a significant increase in stock price and trading activity, indicating positive market sentiment despite a decline in revenue and profit for the first half of 2025 [2][3]. Company Overview - Luoyang Energy, established on October 14, 1992, and listed on November 30, 2006, is located in Yiyuan County, Zibo City, Shandong Province. The company specializes in the research, production, and sales of refractory insulation products, including ceramic fibers, soluble fibers, alumina fibers, and lightweight mullite bricks [2]. - The main revenue sources for Luoyang Energy are ceramic fiber products (87.65%), industrial filtration products (6.47%), automotive lining products (5.54%), and other (0.34%) [2]. Stock Performance - Year-to-date, Luoyang Energy's stock price has increased by 12.59%, with a 4.65% rise in the last five trading days, 16.38% in the last 20 days, and 25.58% in the last 60 days [2]. - As of September 24, the stock price was 13.50 CNY per share, with a market capitalization of 6.927 billion CNY [1]. Financial Performance - For the first half of 2025, Luoyang Energy reported a revenue of 1.173 billion CNY, a year-on-year decrease of 27.31%, and a net profit attributable to shareholders of 76.6237 million CNY, down 62.97% year-on-year [2]. - The company has distributed a total of 2.772 billion CNY in dividends since its A-share listing, with 1.225 billion CNY distributed in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 16.37% to 15,400, with an average of 32,763 circulating shares per person, a decrease of 14.03% [2]. - Among the top ten circulating shareholders, E Fund CSI Dividend ETF (515180) is the fifth largest, holding 3.2783 million shares, down by 445,000 shares from the previous period. Meanwhile, China Merchants CSI Dividend ETF (515080) is the eighth largest, with 2.6993 million shares as a new shareholder [3].

Core Viewpoint - The stock of Luyang Energy fell by 2.04% on September 22, 2023, with a current price of 13.42 CNY per share and a market capitalization of 6.886 billion CNY [1] Group 1: Stock Performance - Luyang Energy's stock price has increased by 11.93% year-to-date, with a 1.98% rise in the last five trading days, an 11.83% increase over the past 20 days, and a 24.95% increase over the last 60 days [2] - As of June 30, 2025, Luyang Energy had 15,400 shareholders, an increase of 16.37% from the previous period, with an average of 32,763 circulating shares per shareholder, a decrease of 14.03% [2] Group 2: Financial Performance - For the first half of 2025, Luyang Energy reported operating revenue of 1.173 billion CNY, a year-on-year decrease of 27.31%, and a net profit attributable to shareholders of 76.6237 million CNY, down 62.97% year-on-year [2] Group 3: Business Overview - Luyang Energy, established on October 14, 1992, and listed on November 30, 2006, is based in Yiyuan County, Zibo City, Shandong Province. The company specializes in the research, production, and sales of refractory insulation products, including ceramic fibers, soluble fibers, alumina fibers, and lightweight mullite bricks [2] - The main business revenue composition includes: ceramic fiber products (87.65%), industrial filtration products (6.47%), automotive lining products (5.54%), and others (0.34%) [2] - The company is classified under the building materials industry, specifically in refractory materials, and is associated with concepts such as energy conservation and environmental protection, high dividends, new materials, pension concepts, and margin financing [2] Group 4: Dividend and Shareholding - Since its A-share listing, Luyang Energy has distributed a total of 2.772 billion CNY in dividends, with 1.225 billion CNY distributed over the last three years [3] - As of June 30, 2025, the top ten circulating shareholders included E Fund CSI Dividend ETF (515180) as the fifth largest shareholder, holding 3.2783 million shares, a decrease of 445,000 shares from the previous period. The China Merchants CSI Dividend ETF (515080) entered as the eighth largest shareholder, holding 2.6993 million shares [3]

Core Viewpoint - The stock of Luyang Energy fell by 2.04% on September 17, with a current price of 12.94 CNY per share, reflecting a market capitalization of 6.64 billion CNY and a trading volume of 50.02 million CNY [1] Financial Performance - For the first half of 2025, Luyang Energy reported a revenue of 1.173 billion CNY, a year-on-year decrease of 27.31%, and a net profit attributable to shareholders of 76.62 million CNY, down 62.97% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 2.772 billion CNY, with 1.225 billion CNY distributed over the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 16.37% to 15,400, while the average circulating shares per person decreased by 14.03% to 32,763 shares [2] - Among the top ten circulating shareholders, E Fund CSI Dividend ETF holds 3.2783 million shares, down by 445,000 shares, while China Merchants CSI Dividend ETF is a new entrant with 2.6993 million shares [3] Stock Performance - Year-to-date, Luyang Energy's stock price has increased by 7.92%, with a 2.86% rise over the last five trading days, 7.83% over the last twenty days, and 21.05% over the last sixty days [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a total revenue of 1.17 billion yuan for the first half of 2025, a year-on-year decrease of 27.3%, with a net profit attributable to shareholders of 76.62 million yuan, down 62.97% year-on-year [2][4]. - In Q2 2025, the company's revenue was 630 million yuan, a decline of 30.9% year-on-year, and the net profit attributable to shareholders was 16.58 million yuan, down 86.68% year-on-year [2][4]. - The company is experiencing pressure from overall weak downstream demand, particularly in traditional industries such as ceramics and petrochemicals, which has negatively impacted project sales and profit margins [10]. - The company has established a leading position in the domestic ceramic fiber industry, with a production capacity of 590,000 tons and a market share ranking first in the country [10]. - The company is expanding its business through acquisitions from its major shareholder, enhancing its product range and aiming for synergy in industrial filtration, emission control, and new energy battery sectors [10]. - Due to industry pressures and competitive environment changes, the company's earnings forecast has been adjusted downwards, with expected profits of 290 million yuan and 390 million yuan for 2025 and 2026, respectively, corresponding to PE ratios of 21 and 16 [10].

Group 1 - The company, Luyang Energy-saving (002088.SZ), primarily engages in the production and sales of ceramic fiber products, industrial filtration products, and automotive padding products [1] - The company does not involve in the research and development of PEEK materials [1]