每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 2025年1至6月份，利君股份的营业收入构成为：机械制造行业占比100.0%。 截至发稿，利君股份市值为111亿元。 每经AI快讯，利君股份（SZ 002651，收盘价：10.78元）11月28日晚间发布公告称，2025年11月28日， 公司全资子公司利君控股与 GRANDWAY 签订了《买卖合同》。合同约定：卖方利君控股（含生产 方）为买方 GRANDWAY 负责相关项目选矿厂的整体设计及技术服务，负责提供高压辊磨机及选矿厂 其它所需全套设备采购技术支持，并提供相应的现场安调指导和培训指导；买方 GRANDWAY 向卖方 利君控股采购高压辊磨机和配套设备，合同总金额 5,760.7728 万美元（按 1 美元兑人民币7.0789 元的汇 率，换算为人民币约为 40,779.93 万元，最终以合同实际结算价格为准），合同总金额占2024年度经会 计师审计公司合并营业收入的 52.53%。 （记者 张明双） ...

利君股份（002651）(002651.SZ)公告，公司全资子公司利君控股(新加坡)私人有限公司("利君控 股"、"卖方")与GRANDWAY("买方")签订了《买卖合同》。合同约定：卖方利君控股(含生产方)为买方 GRANDWAY负责相关项目选矿厂的整体设计及技术服务，负责提供高压辊磨机及选矿厂其它所需全套 设备采购技术支持，并提供相应的现场安调指导和培训指导;买方GRANDWAY向卖方利君控股采购高 压辊磨机和配套设备，合同总金额5760.7728万美元。 ...

每经AI快讯，11月28日，利君股份（002651）(002651.SZ)公告称，公司全资子公司利君控股与 GRANDWAY签订了《买卖合同》，卖方利君控股(含生产方)为买方GRANDWAY负责相关项目选矿厂 的整体设计及技术服务，负责提供高压辊磨机及选矿厂其它所需全套设备采购技术支持，并提供相应的 现场安调指导和培训指导；买方GRANDWAY向卖方利君控股采购高压辊磨机和配套设备，合同总金额 5760.7728万美元，折合人民币约40,779.93万元。该合同占2024年度经审计公司合并营业收入的 52.53%，预计将对公司未来的经营业绩产生积极影响。 ...

Core Viewpoint - Chengdu Leejun Industrial Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, indicating challenges in both its grinding systems and aerospace components manufacturing businesses [2][4]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately CNY 314.13 million, a decrease of 8.91% compared to CNY 344.84 million in the same period last year [2]. - Net profit attributable to shareholders was CNY 57.20 million, down 31.72% from CNY 83.78 million year-on-year [2]. - The net cash flow from operating activities was negative at CNY -84.92 million, a significant decline of 172.31% compared to CNY 117.45 million in the previous year [2][4]. Business Segments Grinding Systems and Equipment Manufacturing - Revenue from grinding systems and related equipment manufacturing was CNY 184.07 million, an increase of 9.96% from CNY 167.40 million in the previous year [4]. - The sales of roller presses and related equipment decreased by 42.39%, while high-pressure roller mills saw a 24.05% increase in sales [4][7]. - The demand for grinding equipment is driven by infrastructure construction and mining industries, with expectations for stable growth in the cement market [4][5]. Aerospace Components Manufacturing - Revenue from aerospace components manufacturing was CNY 130.66 million, a decline of 26.36% from CNY 177.44 million in the previous year [4][7]. - The decrease in revenue was attributed to reduced sales settlements for completed products in the aerospace sector [4][6]. - The aerospace industry is expected to grow due to increased defense modernization and expansion of the civil aviation market [4][6]. Competitive Advantages - The company has a robust R&D system and has been recognized as a high-tech enterprise in Sichuan, holding numerous patents and awards [5][6]. - The aerospace division has established a comprehensive manufacturing chain and is recognized for its technical capabilities and service offerings [6]. Market Outlook - The grinding equipment market is anticipated to benefit from ongoing urbanization and infrastructure investments, while the aerospace sector is poised for growth driven by national policies and market demand [4][6].

Group 1 - The "Chengfei Concept" sector is experiencing significant growth, with stocks like Tongda Co., Lijun Co., and Chengfei Integration hitting the daily limit, driven by geopolitical factors and increased military equipment procurement from China [1] - Chengfei Group is a major base for the research, production, and export of aviation weaponry in China, having produced thousands of aircraft including J-5, J-7, and J-10 [1] - The military industry sector is expected to see a substantial boost in market sentiment, leading to an increase in China's share in the global military trade export market [1] Group 2 - Lijun Co. has seen its stock price rise to 14.17 yuan per share, achieving a cumulative increase of 110.86% over eight days [2] - The main business of Lijun Co. includes manufacturing grinding systems and aerospace components, with key clients including Boeing, Airbus, and China Commercial Aircraft Corporation [2] - Chengfei Integration's stock has also risen to 35.89 yuan per share, with an 8-day cumulative increase of 114.40%, and it has established a long-term strategic partnership with Chengfei Group since 1994 [3] Group 3 - The aerospace and military trade sectors are expected to significantly enhance the market space and ceiling for the industry, with a recovery in market sentiment and trading volume [4] - The military industry is anticipated to see a sustained recovery in fundamentals, leading to a dual boost from active themes and performance improvements [4]

Core Viewpoint - The stock price of Lijun Co., Ltd. has surged significantly, with a notable increase of 91.67% over a period of six trading days, raising questions about the underlying reasons for this volatility [2][3]. Company Performance - In 2023, Lijun Co., Ltd. reported an operating revenue of 1.073 billion yuan, reflecting a year-on-year growth of 5.17%, while the net profit attributable to shareholders decreased by 44.06% to 123 million yuan [4]. - For 2024, the company anticipates a decline in both revenue and net profit, projecting an operating revenue of 776 million yuan and a net profit of 120 million yuan, representing year-on-year decreases of 27.63% and 2.28%, respectively [4]. - In the first quarter of 2025, the downward trend continued, with operating revenue of 175 million yuan, down 14.67% year-on-year, and a net profit of approximately 46.39 million yuan, a decrease of 17.80% [4]. Dividend Policy - Despite the declining performance, Lijun Co., Ltd. plans to distribute dividends of approximately 62.08 million yuan in 2024, which constitutes 51.63% of its net profit [4]. - The controlling shareholders, who are father and daughter, hold over 60.38% of the company's shares, indicating that they will receive a significant portion of the dividends, estimated to exceed 37.44 million yuan [4]. Market Context - The China Securities Military Industry Index experienced a notable increase of 5% from May 6 to May 12, with several stocks showing consecutive gains, although it has recently faced three consecutive days of decline [3].

Group 1: Company Overview - Chengdu Lijun Industrial Co., Ltd. focuses on aerospace components manufacturing and grinding equipment [2] - The company has two main business segments: grinding equipment and aerospace components, with revenue distribution approximately 50% each [2] Group 2: Financial Performance - The company achieved a net profit of approximately CNY 120 million, with earnings per share of CNY 0.12 [2] - For the fiscal year 2024, the company reported revenue of about CNY 770 million [3] Group 3: Market Strategy - The company aims to expand its overseas market for key products such as roller presses and high-pressure roller mills [2] - There are no significant impacts from recent tariff policies on the company's operations, and it plans to enhance its market share both domestically and internationally [3] Group 4: Research and Development - The company is committed to increasing R&D investment to enhance its competitive edge in the industry [3] - Future growth will be driven by optimizing existing products and improving operational efficiency through cost management and asset turnover [3] Group 5: Industry Position - The company maintains a competitive advantage in technology development, product quality, production scale, and delivery capabilities [3] - It is focused on leveraging market opportunities to strengthen its core business competitiveness [3]

Core Viewpoint - In 2024, Lijun Co., Ltd. (002651) demonstrates strong operational resilience and market vitality amid intensified industry competition, supported by proactive strategic layout, stable profitability, and impressive cash flow performance [1][2] Financial Performance - The company achieved operating revenue of 776 million yuan and a net profit attributable to shareholders of 120 million yuan in 2024, with a comprehensive gross margin of 39.11%, remaining stable year-on-year [1] - The net cash flow from operating activities reached a historical high of 345 million yuan, with a year-end cash balance of 1.277 billion yuan, also a record [1] Business Development - Lijun's wholly-owned subsidiary, Dekun Aviation, continues to excel in the aerospace component manufacturing sector, generating operating revenue of 386 million yuan despite lower-than-expected product sales settlements, maintaining a high gross margin [1] - The company signed a cooperation agreement worth 100 million yuan with Zhongjin Mining (001203) for high-pressure roller mills and upgrades, showcasing its strong competitiveness in grinding systems and related equipment manufacturing [1] Research and Development - As a high-tech enterprise, Lijun Co. has increased its R&D investment, which accounted for 5.96% of its revenue in 2024, resulting in 24 new authorized national patents [2] - The company holds a total of 182 authorized national patents, including 66 invention patents and 116 utility model patents, and has received multiple provincial and municipal science and technology progress awards [2] Dividend Policy - The company plans to distribute a cash dividend of 0.6 yuan (including tax) per 10 shares for the 2024 fiscal year, with a payout ratio exceeding 50% [2] - Over the past three years, the cumulative cash dividends (including buybacks) accounted for over 90% of the average annual profit, reflecting the company's robust financial status and stable dividend policy [2]