换肤

悦龙科技

i问董秘
企业号

920188

主营介绍

  • 主营业务:

    流体输送柔性管道的研发、生产和销售。

  • 产品类型:

    海洋工程柔性软管、陆地石油天然气柔性软管、工业用特种软管

  • 产品名称:

    海洋工程柔性软管 、 陆地石油天然气柔性软管 、 工业用特种软管

  • 经营范围:

    研发、制造、销售:石油天然气设备及配件,海洋石油流体控制装备,复合材料制品。柔性管道总成设计及安装。普通货物道路运输。光伏发电及售电服务。货物或技术进出口(国家禁止或涉及行政审批的货物和技术进出口除外)。(依法须经批准的项目,经相关部门批准后方可开展经营活动)

运营业务数据

最新公告日期:2026-03-12 
业务名称 2025-06-30 2024-12-31 2023-12-31 2022-12-31
销量:海洋工程柔性管道(标米) 3.01万 6.74万 6.06万 3.91万
采购量:电(度) 107.53万 229.38万 287.21万 256.57万
产能利用率:海洋工程及陆地油气柔性管道(%) 117.29 95.52 90.03 90.70
产量:海洋工程柔性管道(标米) 3.01万 6.21万 7.07万 5.08万
产量:工业专用软管(标米) 232.88万 466.93万 511.80万 454.41万
采购均价:金属接头(元/个) 352.63 357.64 331.77 46.20
销量:陆地油气柔性管道(标米) 3.98万 3.72万 2.60万 2.92万
产销率:陆地油气柔性管道(%) 116.72 87.94 93.86 125.32
产能利用率:工业专用软管(%) 67.35 67.52 74.01 65.71
产销率:工业专用软管(%) 107.60 97.41 99.79 99.79
采购均价:天然气(元/立方米) 4.36 4.43 4.85 5.49
销售均价:海洋工程柔性管道(元/标米) 1334.69 1404.25 1194.85 1507.25
产量:海洋工程及陆地油气柔性管道(标米) 6.41万 10.44万 9.84万 7.41万
采购均价:橡胶(元/吨) 1.31万 1.45万 1.27万 1.22万
采购量:天然气(立方米) 39.46万 78.41万 84.38万 71.87万
销售均价:陆地油气柔性管道(元/标米) 1163.18 1510.19 940.47 595.82
采购均价:电(元/度) 1.13 1.08 1.00 1.00
采购均价:钢丝(绳)(元/吨) 1.52万 1.32万 1.39万 1.41万
销量:工业专用软管(标米) 250.57万 454.83万 510.74万 453.46万
产量:陆地油气柔性管道(标米) 3.41万 4.23万 2.77万 2.33万
销售均价:工业专用软管(元/标米) 24.53 23.20 21.48 22.32
产销率:海洋工程柔性管道(%) 100.00 108.53 85.71 76.97
用电量:光伏发电自用数量(度) 153.74万 280.18万 287.08万 240.02万

主营构成分析

报告期
报告期

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营业收入 X

单位(%) 单位(万元)
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 主营利润(元) 利润比例 毛利率
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注:通常在中报、年报时披露 

主要客户及供应商

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前5大客户:共销售了1.10亿元,占营业收入的38.09%
  • 客户1
  • 中海油集团
  • 双威集团
  • 中石油集团
  • Forum US Inc.
  • 其他
客户名称 销售额(元) 占比
客户1
3358.00万 11.64%
中海油集团
2800.96万 9.70%
双威集团
2119.75万 7.34%
中石油集团
1489.41万 5.16%
Forum US Inc.
1227.82万 4.25%
前5大供应商:共采购了3477.12万元,占总采购额的34.38%
  • 江苏法尔胜金属线缆销售有限公司
  • 建湖县鸿达阀门管件有限公司
  • 青岛瑞客途智能制造有限公司
  • 青岛泰鑫浩机械有限公司
  • 盐城奥凯特种机械有限公司
  • 其他
供应商名称 采购额(元) 占比
江苏法尔胜金属线缆销售有限公司
1065.07万 10.53%
建湖县鸿达阀门管件有限公司
977.36万 9.66%
青岛瑞客途智能制造有限公司
528.62万 5.23%
青岛泰鑫浩机械有限公司
490.65万 4.85%
盐城奥凯特种机械有限公司
415.42万 4.11%
前5大客户:共销售了5793.16万元,占营业收入的37.81%
  • 中海油集团
  • 双威集团
  • 客户C
  • Premium Hoses LLC
  • 中石油集团
  • 其他
客户名称 销售额(元) 占比
中海油集团
1506.14万 9.83%
双威集团
1354.62万 8.84%
客户C
1186.82万 7.75%
Premium Hoses LLC
875.22万 5.71%
中石油集团
870.35万 5.68%
前5大供应商:共采购了4666.61万元,占总采购额的31.60%
  • 江苏法尔胜金属线缆销售有限公司
  • 盐城奥凯特种机械有限公司
  • 青岛北橡国际贸易有限公司
  • 青岛唐悦国际贸易有限公司
  • 青岛瑞客途智能制造有限公司
  • 其他
供应商名称 采购额(元) 占比
江苏法尔胜金属线缆销售有限公司
487.60万 10.45%
盐城奥凯特种机械有限公司
314.60万 6.74%
青岛北橡国际贸易有限公司
247.73万 5.31%
青岛唐悦国际贸易有限公司
215.22万 4.61%
青岛瑞客途智能制造有限公司
209.28万 4.48%
前5大客户:共销售了1.14亿元,占营业收入的42.50%
  • 中海油集团
  • 双威集团
  • Techfluid U.K.Ltd.
  • 中石油集团
  • World Carrier Corpor
  • 其他
客户名称 销售额(元) 占比
中海油集团
3332.72万 12.46%
双威集团
2332.49万 8.72%
Techfluid U.K.Ltd.
2250.43万 8.41%
中石油集团
1764.95万 6.60%
World Carrier Corpor
1688.96万 6.31%
前5大供应商:共采购了2228.81万元,占总采购额的23.79%
  • 建湖县鸿达阀门管件有限公司
  • 江苏法尔胜金属线缆销售有限公司
  • 青岛唐悦国际贸易有限公司
  • 青岛瑞客途智能制造有限公司
  • 青岛泰鑫浩机械有限公司
  • 其他
供应商名称 采购额(元) 占比
建湖县鸿达阀门管件有限公司
541.15万 5.77%
江苏法尔胜金属线缆销售有限公司
492.55万 5.26%
青岛唐悦国际贸易有限公司
432.64万 4.62%
青岛瑞客途智能制造有限公司
407.51万 4.35%
青岛泰鑫浩机械有限公司
354.96万 3.79%
前5大客户:共销售了1.10亿元,占营业收入的50.34%
  • Techfluid U.K.Ltd.
  • 双威集团
  • 中海油集团
  • 中石油集团
  • Woodswell Energy(PTE
  • 其他
客户名称 销售额(元) 占比
Techfluid U.K.Ltd.
4292.04万 19.63%
双威集团
2738.27万 12.52%
中海油集团
2320.69万 10.61%
中石油集团
1122.02万 5.13%
Woodswell Energy(PTE
536.09万 2.45%
前5大供应商:共采购了1979.09万元,占总采购额的24.16%
  • 中石化四机石油机械有限公司
  • 江苏法尔胜金属线缆销售有限公司
  • 莱州埃维燃气有限公司
  • 青岛唐悦国际贸易有限公司
  • 青岛鹏润橡胶物资有限公司
  • 其他
供应商名称 采购额(元) 占比
中石化四机石油机械有限公司
482.39万 5.89%
江苏法尔胜金属线缆销售有限公司
450.43万 5.50%
莱州埃维燃气有限公司
375.28万 4.58%
青岛唐悦国际贸易有限公司
336.65万 4.11%
青岛鹏润橡胶物资有限公司
334.34万 4.08%
前5大客户:共销售了9418.13万元,占营业收入的49.84%
  • Techfluid U.K.Ltd.
  • 中海油集团
  • 双威集团
  • 中集集团
  • 徐工集团
  • 其他
客户名称 销售额(元) 占比
Techfluid U.K.Ltd.
2970.25万 15.72%
中海油集团
2541.95万 13.45%
双威集团
1939.76万 10.27%
中集集团
1022.37万 5.41%
徐工集团
943.81万 4.99%
前5大供应商:共采购了1737.52万元,占总采购额的23.47%
  • 江苏法尔胜金属线缆销售有限公司
  • 莱州埃维燃气有限公司
  • 青岛唐悦国际贸易有限公司
  • 莱州笑腾机械有限公司
  • 青岛鹏润橡胶物资有限公司
  • 其他
供应商名称 采购额(元) 占比
江苏法尔胜金属线缆销售有限公司
552.76万 7.47%
莱州埃维燃气有限公司
362.21万 4.89%
青岛唐悦国际贸易有限公司
299.76万 4.05%
莱州笑腾机械有限公司
275.47万 3.72%
青岛鹏润橡胶物资有限公司
247.32万 3.34%

董事会经营评述

  一、业务概要
  商业模式报告期内变化情况
  报告期内,公司主要从事流体输送柔性管道的研发、生产和销售,包括海洋工程柔性管道、陆地油气柔性管道和工业专用软管三大系列橡胶软管产品。公司核心产品不同于传统橡胶软管,侧重于超高压/高压、超低温/低温、高温、腐蚀、冲蚀等极端复杂工况的高性能市场,根据应用工况、输送介质等进行定制化生产,重点应用于海洋油气钻采装备、深海采矿装备、陆地油气钻采装备、大型油气储备领域以及工程机械、化工、轨道交通、食品等其他领域。
  公司产品面向全球销售,客户分布于中国、欧洲、美洲、东南亚、中东、非洲等多个国家和地区,为中海油、中石油、中石化、招商重工、中集集团、上海外... 查看全部▼

  一、业务概要
  商业模式报告期内变化情况
  报告期内,公司主要从事流体输送柔性管道的研发、生产和销售,包括海洋工程柔性管道、陆地油气柔性管道和工业专用软管三大系列橡胶软管产品。公司核心产品不同于传统橡胶软管,侧重于超高压/高压、超低温/低温、高温、腐蚀、冲蚀等极端复杂工况的高性能市场,根据应用工况、输送介质等进行定制化生产,重点应用于海洋油气钻采装备、深海采矿装备、陆地油气钻采装备、大型油气储备领域以及工程机械、化工、轨道交通、食品等其他领域。
  公司产品面向全球销售,客户分布于中国、欧洲、美洲、东南亚、中东、非洲等多个国家和地区,为中海油、中石油、中石化、招商重工、中集集团、上海外高桥、斯伦贝谢、特瑞堡、国民油井华高(NOV)、埃克森美孚、FET等众多大型企业单位提供产品及配套服务,并在我国自主设计建造的海上石油钻井平台“海洋石油981”“海洋石油982”“D90蓝鲸1号”“D90蓝鲸2号”、我国自主设计建造的自升自航式风电安装平台“海峰1001”“海峰1002”、我国自主设计建造的首艘超深水大洋科考钻探船“梦想号”等重大工程项目中提供各类柔性管道产品。
  一、行业分析
  公司专注于高端柔性软管这一细分领域,核心产品主要应用于极端复杂工况场景,重点覆盖海洋油气钻采、深海采矿、陆地油气钻采及大型油气储备等高端市场领域。该细分赛道对产品的技术研发水平、国际认证体系以及工程应用业绩均有极高要求,为公司构建了差异化的竞争优势和稳定的盈利空间。
  据SkyQuest行业咨询公司预测,到2033年,全球工业软管市场规模将从2024年的148.6亿美元增长至253.3亿美元,复合年增长率达6.1%,市场增长势头稳健。公司所聚焦的高端柔性软管虽为其中的细分领域,但凭借产品高附加值的竞争优势,发展潜力突出;加之海洋强国战略的持续推进,该细分市场的成长空间不断拓宽,高端海工装备自主化需求持续扩大,为公司发展提供了良好机遇。
  二、产品与服务分析
  (一)主要产品
  公司核心业务聚焦于流体输送柔性管道及软管总成的研发、生产和销售,核心产品分为海洋工程柔性管道、陆地油气柔性管道和工业专用软管三大系列,全面覆盖高端细分应用场景。与传统普通橡胶软管不同,公司核心重点产品多为定制化生产,精准匹配客户需求。生产端,公司采用“以销定产”的生产模式,根据订单情况合理安排生产计划,在确保产品质量符合标准的同时,有效控制库存积压风险,提升生产运营效率。
  (二)技术与认证优势
  技术层面,公司通过多年的研发投入和工艺创新,自主研发形成了一系列核心技术,包括“超高压柔性管道的管体承压结构设计技术”“超高压柔性管道与金属接头的整体硫化嵌入连接工艺技术”“特种软管的橡胶配方技术”和“全工况适应性材料复合技术”,这些核心技术支撑了公司产品在极端工况下的性能优势。截至2025年末,公司已获得授权专利共计69项,其中发明专利28项,彰显了公司较强的研发实力。认证层面,公司通过了美国石油协会API7K、API16C、API17K等多项国际产品认证以及API Q1质量体系认证,其中,公司作为具备API17K(海洋石油工业用粘合型软管)资质并拥有实际应用业绩的企业,竞争优势显著。此外,公司产品还通过了挪威DNV、美国ABS、中国船级社CCS等多家国际船级社的认证,同时主持或参与了10项国家标准、7项行业标准和2项团体标准的起草工作,行业话语权较强。
  三、客户分析
  (一)客户结构与覆盖
  公司经过多年发展,建立了广泛且稳定的客户基础,客户结构优质,市场覆盖范围广泛。在国内市场,公司已成功被中海油、中石油列为优质装备配套生产厂家,客户群体涵盖中海油、中石油、中石化、招商重工、中集集团、上海外高桥等国内大型能源及装备制造企业,合作关系稳定。在国际市场,境外客户主要集中在欧洲、美国、新加坡等工业发达国家和地区,包括斯伦贝谢、美国国民油井华高(NOV)、特瑞堡、埃克森美孚、FET等全球油气及装备领域的行业巨头,品牌影响力逐步提升。截至目前,公司已成功为中海油“海洋石油981”“海洋石油982”“D90蓝鲸1号”“D90蓝鲸2号”等全球600多个海洋工程项目提供各种柔性管道和流体连接件,工程应用业绩丰富。
  (二)客户结构变化及影响
  近年来,公司客户结构呈现出明显的优化趋势,主要体现在三个方面:一是境外收入占比持续攀升,2025年全年境外销售收入占比已达45.44%,全球化市场布局进一步深化,海外市场成为公司重要的收入增长极;二是通过收购英国泰悦,公司直接获得了其在欧洲市场的成熟渠道和客户资源,对欧洲市场的渠道控制能力和市场渗透能力显著增强,为海外市场的进一步拓展奠定了坚实基础;三是公司与战略客户的合作关系进一步巩固,同时公司陆地油气柔性管道产品面向境内外压裂市场的拓展节奏持续强化。
  四、销售渠道分析
  公司采用“直销+非直销”相结合的复合销售模式,销售模式灵活,兼顾市场覆盖广度与客户服务深度,以自有品牌销售为主,ODM合作品牌销售为辅。其中,境内市场以直销模式为主,销售团队直接对接国内大型核心客户,精准了解客户需求,提供定制化解决方案和高效的售后服务;境外市场则主要依托英国泰悦实现业务开拓,通过完善的销售网络扩大市场覆盖面,降低境外市场拓展成本。
  从发展机遇来看,一是行业高端化升级趋势明显,下游客户对高性能产品的需求持续增加,叠加高端产品自主化进程的不断深化,为公司提供了广阔的市场成长空间;二是公司持续强化技术壁垒和认证体系,核心竞争力不断巩固,能够持续抢占市场份额;三是公司完成上市挂牌,募资到位后,将为公司产品体系完善、研发投入、智能化信息化升级改造、营销网络铺设等提供充足的资金支持,进一步提升公司的生产效率和技术创新能力。
  二、经营情况回顾
  (一)经营计划
  1、主要经营指标
  (1)经营业绩
  报告期内,公司实现营业收入28,861.13万元,同比增长7.89%;归属于母公司股东的净利润9,027.75万元,同比增长8.22%。
  (2)资产规模
  截至报告期末,公司资产总额63,272.83万元,归属于母公司股东的净资产50,518.95万元,分别较上年末增长18.18%、23.96%,整体保持稳健增长态势。
  2、主要经营计划
  (1)巩固核心优势,拓展市场份额
  充分发挥公司在海洋工程柔性管道领域的技术与市场领先优势,持续参与国内海上钻井平台、海上采油平台及页岩油开采等重点项目的竞标,巩固与核心客户的战略合作关系。同时,着力突破北美及国内市场。针对美国及国内压裂市场分别开发适销对路的产品组合,通过参加国际展会建立本地化服务支持团队等方式,提升公司压裂软管产品的国际影响力。力争未来三年强化市场化拓展节奏,进一步优化收入地域结构。
  (2)紧跟市场需求,驱动产品创新
  紧密跟踪下游客户在深海油气、深海采矿、远洋捕捞等领域的新品需求,同步推进新产品开发。在海洋工程装备及页岩油开采方面,持续改良现有产品的耐腐蚀、耐超低温及耐脉冲性能,主动把握行业向智能化转型的机遇,拓展产品新应用场景。同时,立足公司橡胶配方与接头工艺技术基础,积极培育高附加值新产品,打造公司快速增长的新引擎。持续加强公司研发投入,确保技术领先优势。
  (3)强化人才支撑,激发组织活力
  在现有技术、管理及生产骨干团队基础上,多渠道引进高分子材料、海洋工程、市场营销等方向的高素质人才,强化培养具备项目经验及海外市场开拓能力的复合型人才,持续优化人才结构,完善专业技术与管理人才储备体系,系统提升员工综合素质与业务能力。构建具有市场竞争力的薪酬激励机制,充分调动核心骨干积极性,打造结构合理、专业突出、视野开阔的人才梯队。
  (4)公司治理与合规建设
  对标北交所上市公司治理要求,持续优化公司治理运作机制,健全独立董事制度与内部审计体系。强化合规管理,重点完善关联交易、对外担保、信息披露等内控制度,确保规范运作。建立常态化风险排查机制,针对境外业务涉及的国际贸易法规、出口管制及知识产权保护等风险点,制定专项合规指引,提升公司治理透明度和市场信誉。
  (5)生产与供应链优化
  推进生产线自动化、数字化改造,加强生产数字化系统深度集成,实现生产排程、质量追溯和能耗管理的实时化。优化原材料供应链布局,与主要橡胶助剂、钢丝帘线供应商建立战略合作,降低采购成本与供应风险。推行精益生产,提升设备综合效率,有效推动产能利用率,保障生产在一个健康水平。同时,强化安全生产与环保合规,落实双碳目标要求。
  (二)行业情况
  当前下游市场呈现“复苏与替代双轮驱动”格局:海洋工程领域,国际油价维持中高位推动海工装备景气回升,存量设备高频使用催生持续替换需求。据工信部及中国机电商会统计信息,2025年中国船舶及海工装备出口总额达636.3亿美元,同比增长27.9%,其中海洋工程装备及海洋工程船出口额135.6亿美元,同比增长77.4%。中国2025年新接订单量达10782万载重吨,占世界总量的69%,连续16年保持全球领先,2025年造船完工量5369万载重吨,同比增长11.4%,手持订单量27442万载重吨,同比增长31.5%。国内海洋油气产业的蓬勃发展,为具备自主化能力的海工软管企业提供了广阔的市场空间。陆地油气领域,页岩油气压裂作业中柔性管道正加速替代钢管。据Rystad Energy统计,2022-2024年全球陆地页岩油油气田压裂段数分别为327万段、386万段、405万段,呈稳步增长态势。美国作为全球最大的页岩油气开采市场,自2017年开始逐步应用压裂软管;国内自2020年启动替代,目前市场需求正处于快速增长时期。工业专用软管方面,据QYResearch统计,2025年全球工业橡胶软管销量约820万吨,全球总产能约960万吨,产能利用率约85%,市场成熟,正从低附加值产品向高定制化方向转型。
  三、未来展望
  (一)行业发展趋势
  1、海洋工程柔性管道行业将受益于全球海工装备复苏周期与国产替代双重机遇。国际原油价格
  中长期维持中位运行,海上油气勘探开发资本开支稳中有升,全球钻井平台利用率整体提升,存量设备维修替换需求持续增长,成为行业稳健发展的基本盘。新建海工装备订单逐步回暖,FPSO、FLNG等高端装备需求释放,带动配套软管增量空间。中国深化海洋强国建设,海工装备制造业生产总值持续高速增长,自主化水平提升推动高端产品加速布局,API17K等高技术含量产品国产品牌应用进程有望突破。
  2、陆地油气柔性管道行业正处于“以柔代刚”替代加速的关键阶段。全球非常规油气资源开发力度持续加大,美国页岩油气产量保持韧性,中国能源安全战略驱动页岩油气大力开采,压裂作业量持续提升。压裂软管凭借简化布置、快速装卸、降低泄漏风险、提高使用寿命等显著优势,替代钢制管道成为装备升级重要趋势,市场需求处于快速增长期。压裂软管复购频率远高于海工软管,存量更新需求形成持续支撑。北美市场替代进程领先,国内市场2020年起步、当前渗透率仍低,未来增长空间广阔。
  3、工业专用软管行业总体规模较大但竞争激烈,差异化、高端化成为破局关键。工程机械、汽车等传统下游市场成熟,普通低附加值产品陷入同质化竞争。具备技术转化能力的企业,可将海工、油气领域高压、耐腐蚀等核心技术迁移至工业场景,开发盾构泥浆管、双轮铣管、吸排磷虾管等高附加值特种产品,以技术深度替代市场广度。同时,原材料价格波动倒逼企业强化成本管控,通过安全储备、价格传导、高端定价等策略平抑风险,聚焦优质客户与战略伙伴,实现提质增效。
  (二)公司发展战略
  1、战略定位
  聚焦流体输送柔性管道高端制造,以技术驱动为核心,巩固海洋工程领域领先优势,把握陆地油气“以柔代刚”替代机遇,优化工业专用软管结构,打造具有国际竞争力的柔性管道解决方案提供商。
  2、业务发展策略
  海洋工程柔性管道:深耕高端,扩大出海。依托API17K等核心认证及整体硫化工艺优势,深化与全球战略客户合作,提升高端产品占比。紧跟全球海工装备复苏周期,扩大欧洲、东南亚、中东等海外市场覆盖,通过客户与项目轮动平滑周期波动,强化品牌国际影响力。
  陆地油气柔性管道:抢抓替代,突破北美。把握压裂软管“以柔代刚”趋势,巩固国内先发优势,加速国内民营压裂市场渗透。境外重点突破北美页岩油气市场,以产品性价比及快速响应能力建立竞争壁垒,通过英国泰悦加速海外布局,应对贸易政策不确定性。
  工业专用软管:聚焦高端,提质增效。收缩低附加值普通产品资源投入,集中发展盾构泥浆管、双轮铣管、吸排磷虾管等技术含量高的产品。依托海工软管、陆地油气软管产品相关技术转化形成产品壁垒,以价值定价替代成本竞争,提升整体盈利水平。
  3、核心支撑举措
  技术引领:持续研发投入,突破超高压、大口径、长寿命等关键技术,推动新材料、新工艺落地转化,保持产品迭代领先。
  客户深耕:强化大型终端客户全面服务能力,通过募投项目实施,建立健全全球营销网络体系。通过展会、论坛、客户推荐等多渠道拓展新客户。
  人才建设:引进高端研发、营销人才,完善激励机制,构建专业化人才梯队。
  全球布局:以自有品牌为主、ODM为辅,优化Techfluid U.K.Ltd.等海外平台运营,提升全球交付与服务能力。
  (三)经营计划或目标
  1、总体目标
  保持主营业务稳健增长,持续优化产品结构,提升高附加值产品占比,增强盈利能力和抗风险能力,巩固行业竞争地位。
  2、重点经营计划
  市场拓展方面。深耕现有战略客户,提升核心客户配套份额;积极拓展海外重点市场,扩大国际业务布局;把握下游行业景气机遇,加快新兴应用领域渗透。
  产品研发方面。紧跟客户需求与行业技术动向,同步推进新产品开发;持续改良现有产品性能,延伸产品应用场景;培育新的业务增长点,形成多元化产品格局。
  运营提升方面。优化采购管理与成本管控,平抑原材料价格波动影响;完善人才激励机制,加强专业团队建设;提升生产运营效率,保障订单交付质量与时效。
  (四)不确定性因素
  若未来出现宏观经济下行、油气行业投资放缓,将直接影响市场需求与经营业绩;公司海外业务占比较高,汇率波动、贸易政策调整、地缘政治冲突等因素,可能对海外业务拓展与经营成果带来不确定性;天然橡胶、合成橡胶等主要原材料价格若持续大幅上涨,将面临毛利率下滑的风险,上述事项均可能对公司生产经营与未来发展构成不确定性影响。

  四、风险因素
  (一)持续到本年度的风险因素
  下游行业周期导致业绩下滑风险
  公司橡胶软管的下游行业主要包括海洋工程、石油天然气、工程机械等,下游行业的需求受宏观经济周期的影响,存在一定的周期性。国内宏观经济增长速度在短期内可能因为经济结构调整、国际经济环境等因素而放缓,橡胶软管行业也面临着下游需求增长缓慢的风险。特别是油气价格在采掘行业的投资决策中占据重要考量因素,油气行业资本性支出与油气价格成正相关,若未来油气价格下降,油气行业勘探和钻采投资将下滑,进而减少对橡胶软管的需求,导致公司业绩下滑的风险。
  应对措施:公司将不断丰富产品种类,围绕流体输送柔性管道领域,深入拓展海洋工程、陆地油气、工业专用等领域的软管产品,满足不同行业和工况的需求,进一步扩大产品应用范围以应对风险。
  国际贸易政策风险
  公司产品面向全球销售,客户分布于中国、欧洲、美洲、东南亚、中东、非洲等多个国家和地区,本期境外销售收入13,114.84万元,占营业收入比例为45.44%,业绩贡献较大。但伴随着全球政治环境和经济形势愈加复杂,各国间贸易摩擦时有发生,许多国家改变进口、关税、外汇等政策,实行贸易保护主义以提振本国经济,可能会造成全球供应链的波动性加大、物流效率降低、运营成本上升等情况,若未来公司产品主要出口国家和地区的贸易政策、政治经济环境等发生重大变化,将对公司经营业绩的稳定发展产生不利影响。
  应对措施:公司将积极拓展国际市场,加强与全球客户的合作,提高产品在国际市场的份额,通过参加国际行业论坛、展会等方式,提升公司品牌在国际上的知名度和影响力,推动产品出口,实现全球化销售布局以应对风险。
  核心技术失密的风险
  随着胶管行业的快速发展和竞争加剧,行业内企业对胶料配方、炼胶技术、胶管设计等方面的人才需求将逐步增加。作为高新技术企业,公司的核心资源包括胶料配方、胶管制作工艺、专利技术和相关技术人才。在新技术开发过程若相关保护措施未能有效执行,一旦重要技术人员离开公司或泄露公司技术机密,将可能削弱公司的竞争优势,给公司的生产经营和发展造成不利影响。
  原材料价格波动或供应不稳定的风险
  公司产品原材料主要包括橡胶、钢丝(绳)、化工原料及金属接头等。本期公司主营业务成本中直接材料占比较高,因此直接材料价格变动将对公司产品成本造成较大影响。如果未来原材料受到市场供求、运输成本、大宗商品价格变动、供货渠道发生重大变化等影响,导致供应紧缺或价格持续上涨,可能会对公司生产交付和盈利能力产生不利影响。
  应对措施:公司将持续开发供应商,并根据原材料价格进行适时囤货,以应对此风险。
  汇率变动的风险
  本期公司境外主营业务收入为13,114.84万元。公司境外客户主要集中在欧洲、美国、新加坡等国家和地区,主要以美元、英镑等外币结算。近年来,受国家推进人民币汇率形成机制改革、推进人民币国际化进程及全球政治与经济形势等影响,人民币兑美元、英镑等主要结算货币的汇率存在一定波动。由于公司境外销售占比较高,人民币升值可能给公司造成汇兑损失。随着公司境外业务收入规模逐步扩大,若未来人民币出现大幅升值,而公司未能采取有效措施应对汇率波动风险,可能对公司的经营业绩产生不利影响。
  应对措施:公司将积极拓展国际市场,减少对单一市场的依赖,从而降低汇率风险。
  本期重大风险是否发生重大变化:
  本期重大风险未发生重大变化。 收起▲

产品价格

数据截至(20260515)
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20260515,30.01,2.96,2.0401224073444,2.2805805114029,20260515
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