Group 1 - The core viewpoint of the article highlights that Jiangsu Shentong has made progress in its aerospace sector through its subsidiary, Shentong New Energy, which has developed high-pressure hydrogen valve products for fuel cell drones [2] - The high-pressure hydrogen valve products are designed to cover the entire hydrogen lifecycle, including hydrogen production, storage, and refueling, ensuring high safety performance [2] - These products meet the power system requirements for high-end precision equipment in the aerospace field [2]

Core Viewpoint - Jiangsu Shentong (002438.SZ) has made progress in its aerospace sector through its subsidiary Shentong New Energy, focusing on high-pressure hydrogen valve products for fuel cell drones [1] Group 1: Company Developments - The company has developed high-pressure hydrogen valve products that have been applied in the hydrogen fuel-powered drone sector [1] - The products cover hydrogen production, storage, and refueling processes, ensuring high safety performance [1] - The high-pressure hydrogen valves meet the power system requirements for high-end precision equipment in the aerospace field [1]

Core Viewpoint - Jiangsu Shentong (002438) has made progress in its aerospace layout through its subsidiary Shentong New Energy, focusing on high-pressure hydrogen valve products for fuel cell drones [1] Group 1: Company Developments - The company has developed high-pressure hydrogen valve products that have been applied in the hydrogen fuel-powered drone sector [1] - The products cover hydrogen production, storage, and refueling processes, ensuring high safety performance [1] - The high-pressure hydrogen valves meet the power system requirements for high-end precision equipment in the aerospace field [1]

Group 1 - The company has made progress in the aerospace sector through its subsidiary, Shentong New Energy, which has developed high-pressure hydrogen valve products for use in hydrogen fuel-powered drones [2] - The hydrogen valve products cover various stages including hydrogen production, storage, and refueling, and are designed to meet the high safety performance requirements of aerospace applications [2] - The products are positioned to fulfill the power system needs of high-end precision equipment in the aerospace field [2]

Core Viewpoint - Jiangsu Shentong (002438.SZ) has made progress in its aerospace sector through its subsidiary Shentong New Energy, focusing on high-pressure hydrogen valve products for fuel cell drones [1] Group 1: Company Developments - The company has successfully developed high-pressure hydrogen valve products that are now being applied in the hydrogen fuel-powered drone sector [1] - The products cover various stages including hydrogen production, storage, and refueling, indicating a comprehensive approach to hydrogen technology [1] - The high safety performance of these products meets the demands of high-end precision equipment in the aerospace field [1]

Core Viewpoint - Jiangsu Shentong Valve Co., Ltd. has demonstrated steady growth in its operational performance for the first half of 2025, with significant contributions from its nuclear power valve and new energy businesses, showcasing strong market competitiveness and sustainable development potential [1] Financial Performance - The company achieved an operating revenue of 1.068 billion yuan, a year-on-year increase of 1.52% [2] - Net profit attributable to shareholders reached 150 million yuan, up 4.72% year-on-year, with a net profit of 138 million yuan after deducting non-recurring gains, reflecting an 8.54% increase [2] - The net cash flow from operating activities improved significantly by 41.15% compared to the same period last year, indicating effective fund management [2] - Basic earnings per share were 0.2963 yuan, a growth of 4.70% year-on-year, with a weighted average return on equity of 4.19% [2] Nuclear Power Business - As a leading enterprise in the domestic nuclear power valve sector, the company generated 410 million yuan in revenue from nuclear power, marking a 15.67% increase, with a gross margin of 39.48% [2] - The company has maintained a leading market share since 2008, covering third and fourth generation nuclear technologies, including AP1000, Hualong One, and CAP1400 [2] - New orders in the nuclear energy sector reached 483 million yuan during the reporting period, reinforcing its core position in the localization of key nuclear equipment [2] New Energy and Semiconductor Initiatives - In the hydrogen energy sector, the company, through its subsidiary Shentong New Energy, has actively developed high-pressure hydrogen valve products, capable of supplying valves with pressures ranging from 35 to 105 MPa [3] - The successful delivery of a 70 MPa combination pressure reducing valve and some product exports signify breakthroughs in hydrogen technology [3] - The semiconductor division focuses on the development of vacuum control valves for critical components in integrated circuits and photovoltaics, laying a foundation for future market expansion [3] Metallurgy and Energy Efficiency Services - The metallurgy valve business is adapting to industry cycles through technological innovation and an information platform that provides lifecycle services to steel enterprises, enhancing customer loyalty [3] - The energy-saving service segment reported revenue of 201 million yuan, a year-on-year increase of 6.82%, with steady progress in energy management projects [3] Investor Relations and Market Positioning - The company emphasizes a technology-leading strategy, holding 466 valid patents, including 76 invention patents, with R&D investment reaching 48.52 million yuan [4] - A total cash dividend of 88.82 million yuan was distributed as part of the 2024 profit distribution plan [4] - The company aims to enhance market recognition through optimized governance structures and improved investor relations management [4] - Future growth is anticipated in niche markets, particularly with the normalization of new nuclear projects and rapid development in the hydrogen energy sector, aligned with national carbon reduction goals [4]