Research Express | Runbang Co., Ltd. Receives 7 Institutions Including Guosheng Securities; Ship and Offshore Engineering Equipment Becomes Growth Engine; 2024 Dividend Payout Ratio 4.78%

Basic Research Overview

On March 11, 2026, Jiangsu Runbang Heavy Industry Co., Ltd. (Stock Code: 002483, Stock Name: Runbang Shares) hosted an institutional research visit at its wholly-owned subsidiary Nantong Runbang Heavy Machinery Co., Ltd. This research activity was categorized as a targeted survey, with participating institutions including Guosheng Securities, Huatai Securities, Huatai Bairui Fund, Gugu Fund, Particle Leap, China Merchants Bank Research Institute, XingShi Investment, and others, involving analysts, researchers, and investment managers. The company’s reception team included Vice President and Board Secretary Xie Guixing, Securities Affairs Representative Liu Cong, and Securities Affairs Specialist Dou Xiaolin.

Core Business and Strategic Layout Analysis

2026 Business Expansion Achieves Remarkable Results, Sufficient Orders on Hand

Regarding business expansion since 2026, the company stated that it has continued to deepen in the material handling equipment sector, with significant market development results. It has successfully secured multiple domestic and international orders, covering core products such as tire cranes, gantry cranes, rail-mounted gantry cranes, mobile port cranes, ship loaders, and shipbuilding gantry cranes. The company has also established important collaborations with Karachi Port in Pakistan and NPCT1 in Indonesia. Meanwhile, the company is actively tracking several key projects in offshore ships and special transport vessels. Currently, order backlog is ample, and overall operations are in good condition.

Shipbuilding and Offshore Equipment Business as Core Growth Engine, with Outstanding Capacity and Technological Advantages

The shipbuilding and marine engineering equipment business is positioned as a strategic core business and a key driver for future performance growth. The company pointed out that the global marine economy is thriving, offshore oil and gas capital expenditure continues to recover, offshore wind power is expanding into deep-sea areas, and the shipping market’s supply and demand structure is optimizing. As a result, high-end offshore ships, special transport vessels, and green intelligent ships are in strong demand.
In terms of hardware, the company owns self-built shipyards (including indoor facilities with roofing), high-end stainless steel manufacturing workshops, and self-operated docks, with an annual capacity of no less than 10 ships. This allows flexible capacity allocation between offshore ships and offshore wind foundation piles. Technologically, the company masters key processes such as special material processing and high-precision welding, capable of meeting the construction requirements of high-value products like chemical tankers, liquefied gas ships, and platform supply vessels. Looking ahead, as the industry remains in a high prosperity cycle, with capacity release and order fulfillment, revenue contribution and profitability from this business are expected to continue rising. The company aims to develop into a leading global provider of high-end offshore and special ships integrated solutions.

International Expansion Continues, Vast Opportunities in Overseas Markets

Driven by technological innovation, the company is accelerating the construction of the “Two Networks Project,” optimizing its international marketing network and after-sales service system. Currently, it has established sales and after-sales service outlets across Southeast Asia, South Asia, the Middle East, Europe, Australia, Latin America, and Africa, with overseas deployment becoming increasingly comprehensive. The company is intensifying efforts to expand high-end equipment into international markets, believing that especially in developing countries, there remain broad commercial opportunities. Relying on technology, branding, and market layout, the company is confident in its global business expansion.

Shareholder Returns and Future Outlook

Stable Regular Dividend Mechanism, 2024 Dividend Rate of 4.78%

The company attaches great importance to shareholder returns, establishing and implementing a continuous and stable regular dividend policy. In 2024, it adopted a dividend of 10 shares for every 3 yuan, with a payout ratio of 54.55%, and a pre-tax dividend yield of 4.78%, significantly higher than previous years. Since listing, the company has paid dividends 13 times, totaling 800 million yuan. When formulating dividend plans, the company considers profitability, operational development needs, industry environment, and shareholder demands, balancing long-term growth with shareholder interests. In the future, as long as conditions such as the Articles of Association and dividend requirements are met, the company will continue to increase the proportion and stability of cash dividends.

Dual Engines Drive Future Growth, Strengthening Leading Position in Niche Fields

The company stated that in the coming years, material handling equipment and shipbuilding offshore equipment will serve as core growth engines. It will continue to deepen independent R&D and technological innovation, develop strategic and core products, enhance competitiveness in high-end equipment, and further consolidate its leading position in segments such as bulk material handling, ships and offshore equipment, and port equipment.

Disclaimer: Market risks exist; investments should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to official announcements for accuracy. For questions, contact biz@staff.sina.com.cn.

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