Core Insights - Changjiang Energy Technology Co., Ltd. (Changjiang Nengke) officially listed on the Beijing Stock Exchange on October 16, 2025, marking a significant milestone as a leading player in the electric desulfurization equipment sector with a market share of 30% for three consecutive years [1][2] - The company completed its IPO process in just seven months, significantly faster than the average 12 months required by the exchange, showcasing its efficient listing process [1] - The listing is seen as a new starting point for the company to leverage raised funds for capacity expansion and technological advancements while balancing traditional and emerging business sectors [1][3] Fundraising and Market Response - The company raised 1.6 billion yuan through its IPO, with 64,260 investors participating in the subscription, leading to a record 727.9 billion yuan in frozen funds and a subscription multiple of 4,791.84 times [2][3] - Financial performance has been strong, with net profits increasing from 40.68 million yuan in 2022 to 49.16 million yuan in 2024, and a return on equity of 15.12% in 2024 [2] Business Model and Product Offering - Changjiang Nengke has evolved from a single equipment manufacturer to a comprehensive group covering the entire energy chemical equipment industry chain, with six main product categories including electric desulfurization and separation equipment [2][4] - The company has established a solid customer base, becoming a qualified supplier for major players like Sinopec and PetroChina, and has maintained a leading market share in electric desulfurization equipment in China for three consecutive years [4][5] Technological Advancements - The company holds 17 invention patents and 44 utility model patents, with several technologies recognized as internationally advanced, including key technologies for complex oil field engineering [4][5] - Innovations in electric desulfurization technology have led to a 15% improvement in oil-water separation efficiency and significant reductions in energy consumption [4] Strategic Focus and Future Growth - Changjiang Nengke is focusing on expanding into clean energy and low-carbon sectors, aligning with national "dual carbon" goals, and has developed technologies for LNG and hydrogen energy equipment [6] - The company aims to enhance its product performance and application scenarios, leveraging opportunities from the Belt and Road Initiative and energy structure transformation [6]

行业方面，公司属于能源化工装备行业。随着我国经济的稳定发展和能源需求的不断增长，油气等能源 装备行业在国内市场的需求持续上升。弗若斯特沙利文数据显示，我国石油炼制及石化设备的市场规模 由2018年的4849亿元人民币增长至2023年的7151亿元人民币，年复合增长率约为8.08%。随着中国石油 炼制能力加强及石化行业的快速发展，预计未来行业规模将以6.49%的增速实现增长，2028年我国石油 炼制及石化设备的市场规模将达到9792亿元。 业绩方面，公司2022~2024年分别实现营业收入2.19亿元、3.48亿元、3.14亿元，同比增速依次为 14.61%、58.83%、-9.77%；实现归母净利润0.41亿元、0.41亿元、0.49亿元，同比增速依次为83.76%、 0.42%、20.34%。根据最新财务情况，公司2025年上半年实现营业收入1.26亿元，较上年同期减少 6.23%；实现归母净利润0.18亿元，较上年同期增长4.02%。 要问近期A股哪个板块的新股表现最亮眼，那就非北交所莫属了。下半年以来，上市首日涨幅前五的新 股中，有3只是北交所新股，其中9月8日上市的三协电机上市首日涨幅785.62%， ...

每经记者｜闫峰峰 每经编辑｜吴永久 公司创始人为刘建春，其深耕能源装备领域近四十年：1972年从电机厂工人起步，历任无线电厂车间主 任、工业局科员、有机化工厂厂长等职。2003年，47岁的刘建春以1000万元启动资金创办长江能科前 身"长江有限"，凭借多年行业资源积累，首年即拿下中石化小额订单，营收突破800万元，奠定"技术攻 坚+大客户绑定"的发展基调。 公司在电脱设备领域形成了竞争优势。2021年起公司在电脱设备市场的占有率稳居国内第一，2024年约 为48.52%。与此同时，公司持续丰富产品结构，逐步由期初的电脱设备延伸至换热设备、分离设备、 存储设备以及LNG设备、氢能设备等能源化工装备，产品应用场景进一步拓展至海洋工程、清洁能源 等领域。 公司拥有丰富的优质客户资源，是中国石化、中国石油、中国海油的合格供应商，并与裕龙石化、东方 盛虹、荣盛石化、京博控股集团等知名公司建立了长期稳定的合作关系。 公司产品远销二十余个国家和地区，并持续丰富海外客户资源，陆续获得了阿联酋阿布扎比国家石油公 司、科威特原油公司、卡塔尔能源公司、巴西国家石油公司、墨西哥国家石油公司、意大利油服集团塞 班公司和英国派特法石油工 ...