长江商报消息 新强联（300850.SZ）业绩大幅回暖。 8月11日晚间，新强联发布2025年半年度报告，公司上半年实现营业收入22.1亿元，同比增长108.98%； 净利润4亿元，上年同期亏损1.01亿元；扣非净利润3.35亿元，较上年同期1456.87万元增长2200.56%。 长江商报记者注意到，2025年上半年，新强联研发费用达8482.55万元，同比增长75.96%。截至报告期 末，公司及下属子公司合计拥有148项专利，其中包含31项发明专利。 新强联介绍，公司自主研发的直径14米级超大型盾构机主轴轴承通过河南省机械工程学会科学技术成果 鉴定，填补国内空白，整体技术达到国际同类产品先进水平。 分产品来看，2025年上半年，新强联风电类产品实现营业收入16.76亿元，同比增长135.53%；毛利率达 30.5%。 扭亏为盈半年赚4亿 2024年，风电行业景气度呈现出前期承压、后期回升的态势，前期装机量放缓，价格竞争激烈，盈利下 滑，后期行业竞争环境逐渐改善，量价企稳，景气度回升。 在此背景下，新强联盈利能力大幅下滑。 2024年，新强联实现营业收入29.46亿元，同比增长4.32%，创下历史新高。同期 ...

在海工装备领域，新强联与行业内头部客户保持着长期且紧密的合作关系。新强联称，公司自主研制的 全回转浮式起重机用整体式回转支承、风电安装船用剖分式回转支承等产品，技术水平达到行业领先水 准，成功打破国外长期以来的技术垄断，市场地位优势突出。 盾构机轴承领域，新强联在盾构机轴承及其零部件的国产化替代进程中，持续深耕细作，先后在超大型 盾构机主轴承和关键零部件领域实现了多项重大突破。为中国出口海外的最大直径盾构机配套主驱动 盘、密封装置等关键部件，与行业头部客户建立起稳固且深度的合作关系。 新强联表示，凭借技术突破，公司的风电主轴轴承和盾构机主轴承等核心产品达到国际先进水平。此 外，借助产业链垂直整合布局，公司设立的子公司从事锻件、滚动体生产，不仅保障了原材料的稳定供 应和产品质量的可控性，还将加工环节的利润留存于公司内部。 盘面上，今年1月中旬以来，新强联股价大幅上涨，年内最大涨幅超130%，截至8月11日，股价报收 38.94元/股，总市值148亿元。 风电行业景气度提升，行业内公司业绩大涨。8月11日晚，新强联（300850）披露半年报，上半年实现 营业收入22.1亿元，同比增长108.98%；净利润4亿元， ...

证券代码：300850 证券简称：新强联 债券代码：123161 债券简称：强联转债 洛阳新强联回转支承股份有限公司 比高，盾构机、海工装备轴承业务量相对小，但技术水平领先。 后两者产品以"单件、小批量"为主，与风电轴承的规模化有 所区别。 4、公司毛利率较之前提升明显，请问在毛利管理方面上 做了哪些工作？ 公司通过子公司圣久锻件、海普森产品的上下游协同效 应，实现锻件、滚动体、保持架的自供，减少外采，降低采购 成本；公司通过优化生产工艺、提升设备利用率，例如：无软 带感应淬火技术，提升工艺效率、降低能耗以降低单位成本； 加大研发投入，增强高毛利产品竞争力；提高核心零部件自产 率，减少外购依赖，发挥产业链协同降本效应；同时调整产品 结构，聚焦高附加值产品业务。 5、公司下半年的业务发展及规划如何？ 投资者关系活动记录表 编号：2025-009 | |  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 | | |  其他（电话会议） | | | 华西证券:王好尚、黄瑞连、李佳玲、耿梓瑜 ...

风电行业景气度提升，行业内公司业绩大涨。8月11日晚，新强联（300850）披露半年报，上半年实现 营业收入22.1亿元，同比增长108.98%；净利润4亿元，上年同期亏损1.01亿元。 新强联表示，公司持续提高高附加值产品在整体业务中的占比，积极开拓齿轮箱轴承等新业务领域和市 场，为业务的持续增长开辟新路径。 在海工装备领域，新强联与行业内头部客户保持着长期且紧密的合作关系。新强联称，公司自主研制的 全回转浮式起重机用整体式回转支承、风电安装船用剖分式回转支承等产品，技术水平达到行业领先水 准，成功打破国外长期以来的技术垄断，市场地位优势突出。 今年上半年，风电行业表现强劲，多家零部件企业业绩预增。机构预计，在陆海风需求共振的背景下， 零部件环节有望持续受益，如铸件叶片等板块具备涨价基础，有较高的盈利弹性；而风机板块或将受益 价稳、成本优化实现盈利反转。 资料显示，新强联主要产品涵盖风电主轴轴承、偏航轴承、变桨轴承，海工装备起重机回转支承、盾构 机轴承及关键零部件、齿轮箱轴承、风电锁紧盘、风电高速联轴器，以及回转支承滚动体、回转支承保 持架和工业锻件等。 盾构机轴承领域，新强联在盾构机轴承及其零部件的国产化 ...

Core Insights - The article highlights the transformation of Luoyang from a traditional manufacturing base to a hub of high-tech manufacturing, with a focus on innovation and technology empowerment [1][3][4] - It emphasizes the importance of self-innovation and technological breakthroughs in modern manufacturing, aligning with national strategies for high-quality development [1][10] Group 1: Historical Context - Luoyang has a rich industrial history, being home to significant projects during the First Five-Year Plan, marking its role in China's industrialization [2] - The city has produced numerous "firsts" in various manufacturing sectors, establishing a legacy of innovation [2] Group 2: Current Developments - Luoyang's manufacturing sector is experiencing a renaissance, with a focus on high-quality development and innovation-driven growth [3][4] - The city aims to enhance its innovation ecosystem, with a target for high-tech industries to account for 55.8% of industrial output by 2024 [3][4] Group 3: Technological Advancements - Luoyang is home to cutting-edge technologies, including the world's largest intelligent self-grinding machine and the first 25 MW wind power main shaft bearing [3] - The city has seen a 25.2% year-on-year increase in technology contract transaction value, reaching 19.32 billion yuan in 2024 [4] Group 4: Future Directions - The article discusses the strategic focus on digitalization, intelligence, and green transformation in manufacturing, aiming to enhance the province's competitive edge [9][12] - It suggests that the integration of technology and manufacturing will drive the development of new industries and enhance existing ones [11][12]

Core Viewpoint - The acquisition of YinQiu Technology by Guangyang Co., Ltd. is a strategic move aimed at enhancing market share and operational efficiency in the bearing industry, despite facing multiple risks and challenges [1][5]. Group 1: Acquisition Details - Guangyang Co., Ltd. is planning to acquire 100% equity of YinQiu Technology through a combination of issuing shares and cash payments, with an investment intention agreement already signed [1]. - The final terms of the acquisition, including share transfer quantity, ratio, transaction price, and payment method, will be determined in a formal agreement [1]. Group 2: Risks and Challenges - Transaction uncertainty risk exists as the restructuring is still in the planning stage, with core terms yet to be finalized and requiring approval from the China Securities Regulatory Commission [2]. - Business integration challenges arise from differing management cultures, as Guangyang specializes in automotive components while YinQiu focuses on large-scale production in the home appliance sector [2]. - The financial strain from the integration may be exacerbated by Guangyang's negative operating cash flow of -104 million yuan in 2024 and the need for continued investment in YinQiu's capacity expansion projects [2]. Group 3: Industry Competition - The bearing industry is experiencing intensified competition, with a CR5 of 58.3%, and leading companies like Wazhou and Luozhou are advancing in smart and long-life bearing technologies [3]. - Guangyang's R&D investment intensity is currently insufficient compared to industry leaders, which may hinder its ability to penetrate high-end markets [3]. - Foreign brands dominate the precision bearing market, holding over 65% market share, posing challenges for Guangyang's international expansion post-acquisition [3]. Group 4: Industry Impact and Future Outlook - The acquisition reflects a trend of consolidation in the bearing industry, with over 5,000 domestic bearing companies and a CR10 of only 28.1%, indicating a potential for market share growth through mergers [4]. - The combined market share of Guangyang and YinQiu is expected to increase from less than 2% to 4%-5%, positioning them in direct competition with other major players [4]. - There are opportunities for domestic substitution in the high-end bearing market, particularly in the electric vehicle sector, which could increase the penetration rate of domestic bearings from less than 30% to 50% if the integration is successful [4]. Group 5: Conclusion - The acquisition is a proactive choice for Guangyang Co., Ltd. to enhance its competitive position, with short-term benefits from scale effects and market expansion [5]. - Long-term competitiveness will depend on the depth of technological integration and breakthroughs in high-end markets [5]. - The ability to achieve a "1+1>2" effect will require overcoming challenges related to management integration and technological upgrades [5].