Core Viewpoint - The company, Kangxin New Materials (600076.SH), has not exported products to EU countries in the past two years [1] Company Summary - Kangxin New Materials confirmed on an investor interaction platform that it has not engaged in product exports to EU countries over the last two years [1]

证券代码：600076 证券简称：康欣新材 公告编号：2025-056 康欣新材料股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 投资者可于 2025 年 11 月 18 日 （星期二） 至 11 月 24 日 （星 期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 zqbir@hbkangxin.cn 进行提问。公司将在说明会上 对投资者普遍关注的问题进行回答。 康欣新材料股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深 入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 20 25 年 11 月 25 日（星期二）10:00-11:00 举行 2025 年第三季度业绩 说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第 三季度的经营成果及财务指标的具 ...

Market Overview - The packaging and printing sector increased by 0.49% on November 11, with Zhongrui Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Top Gainers in Packaging and Printing Sector - Zhongjin Co., Ltd. (002374) closed at 3.83, up 10.06% with a trading volume of 1.4812 million shares and a transaction value of 559 million [1] - Jinfutech (003018) closed at 13.95, up 6.33% with a trading volume of 184,500 shares and a transaction value of 259 million [1] - Xiyue Xihang (301198) closed at 13.54, up 3.99% with a trading volume of 56,400 shares [1] Market Capital Flow - The packaging and printing sector experienced a net outflow of 90.602 million from institutional investors and 46.3644 million from retail investors, while individual investors saw a net inflow of 137 million [2] - The overall market sentiment indicates a mixed response, with institutional and retail investors showing different trends in capital flow [2] Individual Stock Capital Flow - Zhongrui Co., Ltd. had a net inflow of 39.7145 million from institutional investors, while retail investors experienced a net outflow of 20.9648 million [3] - Jinfutech saw a net inflow of 38.9645 million from institutional investors, with retail investors also facing a net outflow of 25.6692 million [3] - Kangxin New Materials (600076) had a net inflow of 10.2201 million from institutional investors, while retail investors had a net outflow of 2.7362 million [3]

Group 1 - The core viewpoint of the news is that Kangxin New Materials has experienced a significant stock price increase, with a 5.14% rise on November 5, reaching 3.07 CNY per share, and a total market capitalization of 4.128 billion CNY [1] - Kangxin New Materials specializes in the research, production, and sales of high-quality, new wood composite materials, primarily focusing on container bottom boards, with manufacturing accounting for 111.56% of its main business revenue [1] - The company has seen a cumulative stock price increase of 4.66% over the past three days, indicating positive market sentiment [1] Group 2 - According to data, a fund under Caitong Fund has Kangxin New Materials as one of its top ten holdings, with the Caitong Yixiang Stable Pension One-Year Holding Period Mixed Fund (021166) holding 7,900 shares, representing 0.02% of the fund's net value [2] - The fund has achieved a year-to-date return of 7.95% and a one-year return of 11.1%, ranking 708 out of 1,042 and 630 out of 1,012 in its category, respectively [2] - The fund manager, Chen Xi, has been in position for approximately 3 years and 259 days, with the best fund return during this period being 10.69% [2]

Group 1 - The company, Kangxin New Materials, reported that as of October 31, 2025, the number of registered shareholders is 41,457 [2]

Core Viewpoint - 康欣新材 is a leading domestic supplier of wood composite materials, focusing on products like container flooring, with a full industry chain differentiation advantage [1] Group 1: Business Performance - In Q3 2025, 康欣新材 reported revenue of 278 million, ranking 6th among 6 companies in the industry, with the industry leader, 海顺新材, generating 823 million [2] - The company's net profit for the same period was -192 million, also ranking 6th, while the industry leader, 京华激光, reported a net profit of 73.13 million [2] Group 2: Financial Ratios - As of Q3 2025, 康欣新材's debt-to-asset ratio was 42.52%, higher than the previous year's 37.42% and above the industry average of 37.97% [3] - The company's gross profit margin was -22.43%, significantly lower than the previous year's -2.93% and below the industry average of 14.09% [3] Group 3: Management Compensation - The total compensation for the general manager, 汤晓超, was 1.0663 million in 2024, an increase of 316,300 from 750,000 in 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.20% to 43,000, while the average number of circulating A-shares held per shareholder increased by 3.30% to 31,300 [5]

Core Points - The stock price of Kangxin New Materials has decreased by 2.08% on October 29, trading at 2.83 CNY per share with a market capitalization of 3.805 billion CNY [1] - Year-to-date, the stock has increased by 36.06%, but has seen a decline of 2.08% in the last five trading days [2] - The company has reported a significant drop in revenue and net profit for the period from January to September 2025, with revenue of 278 million CNY, a decrease of 43.74%, and a net loss of 189 million CNY, down 50.96% year-on-year [2] Financial Performance - As of October 20, the number of shareholders for Kangxin New Materials is 42,700, a decrease of 0.52% from the previous period [2] - The company has not distributed any dividends in the last three years, with a total payout of 161 million CNY since its A-share listing [3] Business Overview - Kangxin New Materials, established on September 1, 1993, and listed on May 26, 1997, specializes in the research, production, and sales of high-quality, new wood composite materials, primarily for container flooring [2] - The company's main business revenue is derived from manufacturing, accounting for 111.56%, with a minor contribution from forestry at 0.01% [2] - The company operates within the light industry manufacturing sector, specifically in packaging and printing [2]

Core Insights - The company reported a significant decline in total revenue and net profit for Q3 2025, indicating ongoing financial challenges [1][3] - The company's gross margin remains negative, although it has shown slight improvement over the last two quarters [3] Financial Performance - Total revenue for Q3 2025 was 278 million yuan, a decrease of 216 million yuan or 43.74% year-on-year [1] - The net profit attributable to shareholders was -189 million yuan, a decrease of 63.94 million yuan compared to the same period last year [1] - Operating cash flow showed a net outflow of 61.79 million yuan, down 146 million yuan or 173.07% year-on-year [1] Profitability Metrics - The latest gross margin was -22.43%, an increase of 1.32 percentage points from the previous quarter but a decrease of 19.50 percentage points year-on-year [3] - Return on equity (ROE) was -4.97%, down 2.00 percentage points from the same period last year [3] - The diluted earnings per share were -0.14 yuan, a decrease of 0.05 yuan year-on-year [3] Efficiency Ratios - The total asset turnover ratio was 0.04 times, a decrease of 0.03 times year-on-year, reflecting a decline of 42.19% [3] - The inventory turnover ratio was 0.09 times, down 0.04 times from the previous year, indicating a decrease of 32.05% [3] Shareholder Information - The number of shareholders is 43,000, with the top ten shareholders holding 575 million shares, accounting for 42.79% of the total share capital [3] - The largest shareholder is Wuxi Construction Development Investment Co., Ltd., holding 38.8% of the shares [3]

Core Viewpoint - The company has reported on the progress of transferring 60% equity of its subsidiary, indicating a strategic move to optimize its asset portfolio and enhance operational efficiency [6][7]. Financial Data - The financial statements for the third quarter are unaudited, and the company emphasizes the accuracy and completeness of the financial information provided [3][8]. - The company has not identified any non-recurring gains or losses for the reporting period [4]. Shareholder Information - The company has disclosed the total number of shareholders and the status of major shareholders, although specific numbers are not provided in the documents [5]. Equity Transfer Details - The company approved the public transfer of 60% equity in its subsidiary, Hubei Tianxin Wood Structure Housing Manufacturing Co., Ltd., for a price of 62.7014 million yuan [6]. - The initial transfer attempt did not attract any qualified buyers by the deadline, leading to a price adjustment to 60.5925 million yuan for a second attempt [7]. - The equity transfer was successfully completed on October 9, 2025, with the full payment received from the buyer, Hubei Ruicheng Cultural Tourism Co., Ltd. [7].

Core Viewpoint - Kangxin New Materials Co., Ltd. reported a significant decline in revenue and an increase in net loss for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved a revenue of 278 million yuan, representing a year-on-year decrease of 43.74% [1] - The net profit loss amounted to 189 million yuan, compared to a loss of 125 million yuan in the same period last year [1] - The net cash flow from operating activities was -61.79 million yuan, a decline from a positive cash flow of 84.57 million yuan in the previous year [1]