福建龙溪轴承(集团)股份有限公司表示将高度重视相关问题并落实整改，本次行政监管措施事项不会影 响正常生产经营活动。 据漳州市国资委网站介绍，福建龙溪轴承(集团)股份有限公司是生产经营关节轴承、圆锥滚子轴承及高 端机械零部件的现代化国有控股上市集团公司。(来源：观八闽) 公告显示，因福建龙溪轴承(集团)股份有限公司及下属公司对部分钢材贸易业务营业收入确认不当，导 致相关年度定期报告信息披露不准确。 福建证监局决定对福建龙溪轴承(集团)股份有限公司采取责令改正的行政监管措施，并记入证券期货市 场诚信档案数据库，同时要求福建龙溪轴承(集团)股份有限公司在收到决定书之日起30日内提交书面整 改报告。 12月20日，福建龙溪轴承(集团)股份有限公司发布公告称，收到福建证监局下发的《关于对福建龙溪轴 承(集团)股份有限公司采取责令改正措施的决定》，详情如下—— ...

12月19日晚间龙溪股份（600592）发布公告，公司被福建证监局采取责令改正措施。 公告显示，龙溪股份及下属公司对部分钢材贸易业务营业收入确认不当，导致相关年度定期报告信息披露不准确，不符合相关规定，违反了《上市公司信 息披露管理办法》第三条第一款的规定。 福建证监局决定对公司采取责令改正的行政监管措施，并记入证券期货市场诚信档案数据库；同时要求公司采取有效措施进行改正，加强证券法律法规学 习，提高公司财务核算水平和规范运作意识，杜绝此类违规行为再次发生，并于收到本决定书之日起30日内向福建证监局提交书面整改报告。 公开资料显示，福建龙溪轴承(集团)股份有限公司始建于1958年，主要生产经营关节轴承、圆锥滚子轴承及高端机械零部件。拥有福建省永安轴承有限责 任公司、福建三明齿轮箱有限责任公司、龙轴美国公司等权属企业。 2024年以来公司业绩承压，营收自去年一季度来每个报告期均较上年同期下滑。 最新财务数据显示，今年前三季度公司实现营收10.67亿元，较上年同期下滑22.23%；净利润1.170亿元，较上年同期下滑29.38%；扣非净利润为8374万 元，同比减少17.05%。其中，第三季度公司营收下滑29.5 ...

Company Overview - Longxi Co., Ltd. specializes in high-margin joint bearings, maintaining a stable gross margin of over 40% for the past three years, indicating strong profitability [1] - The company has nearly 70 years of experience in the bearing industry and is one of the top three joint bearing companies globally, with a domestic market share exceeding 75% and an international market share of 15% [2][5] - Longxi's annual production capacity exceeds 20 million sets, with projected revenue from bearing products reaching 904 million yuan in 2024 and a gross margin of 40.5% [1][2] Market Position and Growth Potential - The joint bearing market in China is expected to reach 1.6 billion yuan in 2024, with a compound annual growth rate (CAGR) of approximately 15% from 2020 to 2024, significantly higher than the overall bearing market growth rate of about 5% [2] - Longxi has broken the technological monopoly of international leaders through continuous innovation, positioning itself as the only Chinese company in the global top tier of joint bearing manufacturers [2] Technological Advancements - The company has established a high technical barrier in self-lubricating joint bearings, with PTFE fabric lining technology as its core competitive advantage [3] - Longxi has developed three key technologies: preparation of PTFE self-lubricating linings, molded linings, and precision simulation extrusion, creating a complete process chain from structural design to lining integration [3] Application in Robotics - The value of joint bearings combined with link assemblies for humanoid robots is expected to exceed 5,000 yuan per unit, with potential increases as demands for dexterity and lightweight designs grow [4] - Longxi has engaged with several humanoid robot companies, including Zhiyuan, to explore commercial opportunities in the robotics sector, with a projected market size for joint bearings and link products reaching 5 billion yuan based on an estimated shipment of 1 million humanoid robots [4] Financial Projections - The company forecasts net profits of 161 million yuan, 200 million yuan, and 245 million yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 28.1%, 24.4%, and 22.8% [5] - The current price-to-earnings (PE) ratios are projected to be 57, 46, and 37 for the years 2025, 2026, and 2027, respectively, compared to comparable companies' PE ratios of 84, 69, and 58 [5]