Express News | Overview of A-share private placements: 6 companies have disclosed progress on their private placements.
jiangsu shentong valve (002438): The profit margin in Q3 of 24 increased year-on-year, with the nuclear power valve business stabilizing and improving.
Main points: In Q3 2024, the net income attributable to the parent company is 0.084 billion yuan, a year-on-year increase of +10.56%, with performance meeting expectations. In the first three quarters of 2024, the company achieved revenue of 1.634 billion yuan, a year-on-year increase of +5.87%; achieving net income attributable to the parent company respectively.
Daiwa Securities Starts Jiangsu Shentong Valve at Buy With 17 Yuan Price Target
Express News | The latest research route map of institutions has been released, with Seny Electronics receiving the most attention.
Jiangsu Shentong Valve (002438): Performance meets expectations, with full orders in hand for nuclear power.
The performance met expectations. The company released its third-quarter report on October 30, for the first three quarters of 2024, the company realized revenue of 1.634 billion yuan, +5.87% year-on-year, with net income attributable to the parent company of 0.228 billion yuan, +13.03% year-on-year, excluding non-recurring items.
Jiangsu Shentong Valve (002438.SZ): plans to raise funds through refinancing to expand production capacity
Gelonghui November 5th | jiangsu shentong valve (002438.SZ) accepted investor research on November 4, 2024, regarding "How much is the current nuclear power valve production capacity of the company?", The company stated that the current annual production capacity of nuclear power valves is sufficient to meet the market demand for existing nuclear power valves. Facing the growth in future market demand, the company plans to raise funds through refinancing to expand production capacity. It is estimated that the additional capacity will be able to provide the required valves for no less than 4 new nuclear power units.
Jiangsu Shentong Valve (002438.SZ): The gross margin of nuclear power valve products has been at a relatively stable level.
Geelong Hui November 5th | Jiangsu Shentong (002438.SZ) accepted investor inquiries on November 4, 2024, regarding "How is the current gross margin of nuclear power products?" The company stated that the pricing strategy of the company's products is based on cost plus principle. Thanks to many years of production and delivery experience and technological accumulation, the gross margin of the company's nuclear power valve products has been at a relatively stable level. In the future, as long as there is no significant change in the company's operation mode, the gross margin will also remain basically stable.
Jiangsu Shentong Valve (002438.SZ): Direct export business is still in the team and channel construction, market expansion stage, with temporarily small income scale.
Gelonghui November 5th | Jiangsu Shentong (002438.SZ) accepted investor inquiries on November 4, 2024, regarding "What is the proportion of the company's overseas export business revenue to the total revenue as of the end of the third quarter?", The company stated that the current export business is mainly achieved through indirect exports by domestic large-scale engineering design general contracting companies, and the direct export business is still in the team and channel construction, market expansion stage, with temporarily small revenue scale.
Jiangsu Shentong Valve (002438.SZ): Shentong's vacuum valves and ultra-clean valves developed for semiconductors have entered the user-side prototype verification stage.
On November 5th, Jiangsu Shentong (002438.SZ) accepted investor inquiries on November 4, 2024, regarding "Are there any performance results for semiconductor valves, and how large is the future market space in this area?" The company stated that Shentong's semiconductor research and development vacuum valves, ultra-clean valves, etc., have entered the user-end prototype verification stage, still in the early stage of market expansion, without mass orders yet. The company will further increase its focus on technology research and development and market expansion, aiming to achieve larger-scale commercial applications in the future.
Jiangsu Shentong Valve (002438.SZ): The current value of orders provided by the company for a single nuclear power unit has exceeded 70 million yuan.
Gelonghui November 5th | Jiangsu Shentong (002438.SZ) accepted investor research on November 4, 2024, about "How much is the value of the company's nuclear-grade products in a single nuclear power unit?" The company stated that as a leading supplier of key nuclear-grade butterfly valves, ball valves, and other products in domestic nuclear power plant construction, the company has not only consolidated its market position but also made significant progress in product innovation and technological revolution. Through continuous research and development, the company has successively launched new products to expand market share, and successfully applied multiple innovative achievements to the nuclear power industry. Currently, the company provides for a single nuclear power unit
Jiangsu Shentong Valve (002438.SZ): It is expected that the nuclear power orders obtained this year will be delivered in batches and revenue will be confirmed between 2026 and 2027.
Gelonghui November 5th | jiangsu shentong valve (002438.SZ) accepted investor research on November 4, 2024, regarding 'When can the income from nuclear power orders received this year be confirmed?' The company stated that the nuclear power orders received this year are expected to be delivered in batches and confirmed income between 2026 and 2027. The company's revenue recognition in the nuclear power valve field follows the principle of staged confirmation based on the actual product delivery progress. Due to the relatively long period from receiving orders for valve equipment in new nuclear power projects to final delivery, it usually needs to be gradually completed in the second and third years after order confirmation through staged delivery.
Jiangsu Shentong Valve: The development of the nuclear power industry and the increase in existing units will bring more stable business opportunities and sources of income.
November 2, Ge Longhui | On October 31, Jiangsu Shentong Valve stated in an institutional phone survey that currently, the main demand for the company's nuclear power valve products comes from newly constructed nuclear power units. Since most of the running nuclear power units have only started operation in recent years, the market demand for spare parts is increasing year by year. Over time, it is expected that the demand for spare parts from older units will gradually increase. With the further development of the nuclear power industry and the annual increase in existing units, the demand for spare parts for operating nuclear power units will also continue to grow, bringing more stable business opportunities and sources of income to the company.
Jiangsu Shentong: Report for the third quarter of 2024
Jiangsu Shentong Valve (002438.SZ) released its performance for the first three quarters, with a net income of 0.228 billion yuan, a year-on-year increase of 13.03%.
Jiangsu Shentong Valve (002438.SZ) released its third quarter report for 2024. In the first three quarters, the company achieved revenue...
jiangsu shentong valve (002438.SZ): net income of 0.228 billion yuan in the first three quarters, a year-on-year increase of 13.03%.
Ge Longhui on October 30th: Jiangsu Shentong (002438.SZ) released the third quarter report for 2024, achieving revenue of 1.634 billion yuan in the first three quarters, a year-on-year increase of 5.87%; net income attributable to shareholders of the listed company was 0.228 billion yuan, a year-on-year increase of 13.03%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.206 billion yuan, a year-on-year increase of 15.53%; basic earnings per share was 0.4489 yuan.
Jiangsu Shentong Valve (002438): Maintaining steady growth, looking forward to nuclear valve delivery.
Jiangsu Shentong Valve released its third quarter report: Q3 achieved revenue of 0.582 billion yuan (+6.95% year-on-year, +20.73% quarter-on-quarter), with a net profit attributable to the parent company of 84.2139 million yuan (+10.56% year-on-year, +40%
Jiangsu Shentong Valve (002438.SZ): Fenglin Huoshan bulk trade accumulated a 1% shareholding reduction.
On October 23, Ge Longhui reported that Jiangsu Shentong Valve (002438.SZ) announced that the company recently received the notification letter from Wind and Fire Volcano regarding the completion of the implementation of the shareholding reduction plan, with a shareholding trade proportion exceeding 1% for shareholders holding more than 5% of the shares. Wind and Fire Volcano successively traded in bulk on July 31, 2024, August 2, 2024, August 9, 2024, August 22, 2024, October 11, 2024, and October 22, 2024, cumulatively reducing holdings by 5.075375 million shares, accounting for approximately 1% of the total share capital of the company.
It is expected that relevant national authorities will establish a low-altitude economic regulatory bureau.
①The establishment decision has been approved, and the new bureau is currently in preparation; ② The low-altitude economy set up a dedicated bureau, which can better coordinate resources at all levels to promote industrial development.
Express News | Jiangsu Shentong Valve: The current annual production capacity of nuclear power valves is sufficient to support the existing market demand for nuclear power valves.
Jiangsu Shentong Valve (002438.SZ): The related products developed can already meet the standards and market demands of third and fourth generation nuclear power technology.
Gelonghui September 24th, jiangsu shentong valve (002438.SZ) stated on the investor interaction platform that the company's related products developed can already meet the standards and market demands of third and fourth generation nuclear power technologies. With the continuous enrichment of the company's product line and market expansion, the company expects its competitiveness and ability to obtain orders in the nuclear-grade valve market to continue to improve.