证券代码：600143 证券简称：金发科技 公告编号：2025-088 金发科技股份有限公司 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： 金发科技股份有限公司（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 2025 年 11 月 5 日 15:00-16:00 在"价值在 线"（www.ir-online.cn）举办 2025 年第三季度业绩说明会，与投资者进行沟通和 交流，广泛听取投资者的意见和建议。 一、说明会类型 本次业绩说明会以网络文字互动方式召开，公司将针对 2025 年第三季度的 会议召开时间：2025 年 11 月 5 日（星期三）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn），投资者可访问网址 https://eseb.cn/1szVWjqlY1W 或使用微信扫描下方小程序码 ...

证券代码：600143 证券简称：金发科技 公告编号：2025-087 金发科技股份有限公司 2025 年第三季度主要经营数据公告 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。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第3号——行 业信息披露》有关规定和披露要求，金发科技股份有限公司（以下简称"公司"） 将2025年第三季度主要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 | 主要产品 | 年 产量（2025 | 月、万 7-9 | 年 销量（2025 | 月、万 7-9 | 营业收入（2025 | 年 7-9 | | --- | --- | --- | --- | --- | --- | --- | | | 吨） | | | 吨） | 月、万元） | | | 改性塑料产品 | | 82.14 | | 78.20 | | 913,050.01 | | 绿色石化产品 | | 53.18 | | 46.11 | | 312,908.97 | | 新材料产品 | | 4.67 | | 7.23 | | ...

Financial Performance - The company's operating revenue for the third quarter reached ¥17,979,657,070.46, an increase of 5.04% compared to the same period last year[5] - Total profit for the year-to-date period was ¥1,084,256,791.45, reflecting a growth of 51.99% year-on-year[5] - Net profit attributable to shareholders for the third quarter was ¥479,239,990.96, up 58.04% from the previous year[5] - The basic earnings per share for the third quarter was ¥0.1855, representing a 62.72% increase year-on-year[6] - Total operating revenue for the first three quarters of 2025 reached ¥49.62 billion, an increase of 22.7% compared to ¥40.46 billion in the same period of 2024[22] - Net profit for the first three quarters of 2025 was ¥635.71 million, a significant increase of 98.5% compared to ¥320.57 million in the same period of 2024[23] - Operating profit for the first three quarters of 2025 was ¥1.09 billion, representing a 49.5% increase from ¥728.87 million in the previous year[23] - Basic and diluted earnings per share for the current period were CNY 0.4129, compared to CNY 0.2561 in the previous year, reflecting a growth of 61.3%[25] - Net profit for the first three quarters of 2025 was ¥1,274,673,483.28, compared to ¥738,744,529.48 in 2024, indicating a year-over-year increase of 72.4%[34] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥63,794,705,497.89, a 3.23% increase from the end of the previous year[6] - The total assets of the company as of September 30, 2025, are not explicitly stated but can be inferred from the balance sheet data provided[18] - The total assets of the company as of the end of the reporting period were ¥63.79 billion, an increase from ¥61.80 billion at the end of the previous year[20] - Total liabilities increased to ¥42.31 billion, compared to ¥41.18 billion in the previous year[20] - The total liabilities increased to ¥21,151,853,253.33 in 2025 from ¥17,522,254,837.11 in 2024, representing a growth of 20.5%[32] - The company's total liabilities increased, with current liabilities reflecting a significant portion of the total liabilities, indicating potential leverage in operations[29] Cash Flow - The company reported a cash flow from operating activities of ¥2,320,472,747.45 for the year-to-date period, an increase of 58.21%[6] - The total cash inflow from operating activities for the first three quarters of 2025 was CNY 45.79 billion, an increase of 20.4% compared to CNY 37.97 billion in the same period of 2024[27] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 2.32 billion, up 58.4% from CNY 1.47 billion in the previous year[27] - The total cash inflow from operating activities was ¥23,770,076,660.77 in 2025, compared to ¥22,126,523,178.70 in 2024, indicating a growth of 7.4%[37] - The company's cash flow from operating activities generated a net amount of ¥139,336,887.90 in the first three quarters of 2025, a decrease from ¥2,394,039,048.21 in 2024[37] Shareholder Information - The company has a repurchase account holding 61,979,417 shares, which is 2.35% of the total share capital of 2,636,612,697 shares as of the reporting period[15] - The top shareholder, Yuan Zhimin, holds 510,380,393 shares of common stock, representing a significant portion of the company's equity[15] - The company has a total of 189,881,459 shares with voting rights controlled by shareholder Xiong Haitao after delegation agreements with various private funds[15] - There are no changes in the top 10 shareholders due to securities lending activities compared to the previous period[17] Research and Development - Research and development expenses for the first three quarters of 2025 totaled ¥1.99 billion, up 24.1% from ¥1.60 billion in 2024[22] - Research and development expenses for the first three quarters of 2025 were ¥600,254,966.79, compared to ¥477,406,715.80 in 2024, showing an increase of 25.7%[34] Market and Business Growth - The company achieved a significant increase in market share in high-growth sectors such as automotive and electronics, driven by product structure optimization and overseas business expansion[10] - New materials business saw rapid growth in both sales and gross profit, particularly in high-end applications like AI devices[11] Other Financial Metrics - Non-recurring gains and losses for the year-to-date period totaled ¥26,570,552.71, with government subsidies contributing significantly to this figure[9] - The company reported a decrease in short-term borrowings to ¥5.83 billion from ¥6.59 billion year-on-year[20] - The company's investment income for the first three quarters of 2025 was ¥909,478,963.66, significantly higher than ¥245,572,723.97 in 2024[34] - The total cash outflow from investing activities was CNY 1.79 billion, slightly higher than CNY 1.73 billion in the same period of 2024, resulting in a net cash outflow of CNY 1.59 billion[28] - The net cash flow from investment activities was -$2.94 billion, compared to -$1.05 billion in the previous period, indicating a significant increase in cash outflows[38] Accounting Standards - The company will not apply new accounting standards starting from 2025[39]

金发科技股份有限公司 2025 年第二次临时股东大会会议资料 KINGFA SCI. &TECH. CO., LTD 金发科技股份有限公司 2025 年第二次临时股东大会 会议资料 600143 2025 年 10 月 1 / 10 KINGFA SCI. &TECH. CO., LTD 金发科技股份有限公司 2025 年第二次临时股东大会会议资料 目 录 | 金发科技股份有限公司 | 2025 | 年第二次临时股东大会议程 3 | | --- | --- | --- | | 金发科技股份有限公司 | 2025 | 年第二次临时股东大会会议须知 4 | | 议案一：关于取消监事会并修订《公司章程》的议案 6 | | | | 议案二：关于修订公司部分治理制度的议案 7 | | | | 议案三：关于调整 2022 年限制性股票激励计划回购价格的议案 8 | | | | 议案四：关于回购注销 年限制性股票激励计划部分限制性股票 | 2022 | | | 的议案 10 | | | 2 / 10 金发科技股份有限公司 2025 年第二次临时股东大会会议资料 金发科技股份有限公司 2025 年第二次临时股东大会议程 一、 ...

Core Viewpoint - Jinfa Technology's stock has shown significant volatility and growth, with a year-to-date increase of 130.04% and a recent 2.02% rise in price, indicating strong market interest and trading activity [1][2]. Company Overview - Jinfa Technology, established on May 26, 1993, and listed on June 23, 2004, is located in Guangzhou, Guangdong Province. The company specializes in the research, production, and sales of new chemical materials [1]. - The main revenue composition includes modified plastics (52.07%), trading products (20.65%), green petrochemical products (18.85%), new materials (6.29%), medical health products (1.48%), and others (0.66%) [1]. Financial Performance - For the first half of 2025, Jinfa Technology reported a revenue of 31.636 billion yuan, reflecting a year-on-year growth of 35.50%. The net profit attributable to shareholders was 585 million yuan, marking a 54.12% increase compared to the previous year [2]. - The company has distributed a total of 6.740 billion yuan in dividends since its A-share listing, with 1.136 billion yuan distributed over the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 203,600, while the average circulating shares per person increased by 8.67% to 12,757 shares [2]. - The top ten circulating shareholders include Southern CSI 500 ETF, which increased its holdings by 4.2658 million shares, and Hong Kong Central Clearing Limited, which reduced its holdings by 4.2343 million shares [3]. Market Activity - Jinfa Technology's stock has been active on the trading board, appearing three times this year, with the most recent instance on September 19, where it recorded a net buy of -864 million yuan [1]. - The stock's trading volume indicates a significant level of interest, with a total transaction value of 769 million yuan and a turnover rate of 1.50% as of October 24 [1].

Core Insights - The article highlights the transformative role of thermoplastic composites in the automotive manufacturing landscape, particularly in the context of the electric vehicle (EV) industry, emphasizing their advantages in lightweighting, recyclability, and safety performance [1][9]. Industry Overview - Thermoplastic composites are defined as composite materials made from thermoplastic polymers reinforced with various fibers, such as carbon and glass fibers, specifically applied in the EV sector [3]. - The market size for China's thermoplastic composites in the EV sector is projected to reach 13.4 billion yuan in 2024, with a year-on-year growth of 13.4%, and is expected to grow to 16.7 billion yuan by 2025 [1][9]. Industry Policies - Recent policies, such as the Shanghai government's action plan for high-quality development in low-altitude economy, emphasize the integration of advanced materials like thermoplastic composites into strategic development [4]. - The Ministry of Industry and Information Technology's plan for the construction materials industry supports the application of composite materials in various sectors, including automotive [5]. Industry Value Chain - The thermoplastic composites industry in China has established a complete value chain, from raw material supply (fibers and resins) to manufacturing and final application in EVs [6]. - Carbon fiber, a key reinforcement material, significantly enhances the mechanical properties and lightweight characteristics of composites, contributing to the performance of EV components [6]. Market Trends - The global market for thermoplastic composites in the EV sector is expected to grow from 52.11 million tons in 2024 to 58.28 million tons in 2025, and further to 94.35 million tons by 2030 [8][9]. - The rapid growth in EV production and sales in China, from 340,500 units in 2015 to 12.89 million units in 2024, drives the demand for thermoplastic composites [6]. Competitive Landscape - The industry features a mix of international leaders like DuPont and domestic players such as Kingfa Technology and Nanjing Julong, creating a diverse competitive environment [10]. - Kingfa Technology reported a revenue of 31.64 billion yuan in the first half of 2025, reflecting a year-on-year growth of 35.5% [11]. Future Development Trends - Innovations in material systems are anticipated, including the development of self-healing and shape-memory thermoplastic composites, enhancing safety and longevity [12]. - The integration of digital and biological manufacturing technologies is expected to revolutionize production processes, leading to intelligent upgrades in composite manufacturing [14]. - A new circular economy model is being proposed, focusing on programmable degradation materials and blockchain technology for material traceability, aligning with the environmental goals of the EV industry [15].

Core Insights - Guangdong is enhancing financial support for the development of the circular economy through innovative practices and collaborative efforts among various stakeholders [2][3][4] Financial Support Initiatives - A total of 26 financial support cases for the circular economy were presented, showcasing the depth of integration between industry and finance [3][8] - 24 enterprises signed agreements with financial institutions, resulting in a cumulative credit scale of 29.76 billion yuan, covering major cities and multiple sectors of the circular economy [3][11] Market Growth Potential - The circular economy market in China is projected to reach 4.6 trillion yuan by 2024, with a compound annual growth rate of 10.32% from 2019 to 2024 [5] Policy and Infrastructure Development - Guangdong has established a solid foundation for cultivating the circular economy, supported by a series of policies and the creation of multiple national demonstration cities and parks [6][11] - The region has developed a circular economy system centered around the Pearl River Delta, leading the nation in industrial structure, scale, and technology levels [6] Financial Innovation and Demand - The diverse financial needs across different stages of the circular economy have prompted Guangdong to explore various financial support pathways [7][8] - The 26 financial support cases cover the entire circular economy chain, addressing financing challenges through targeted financial product innovations [8] International Cooperation and Standards - The event facilitated a multi-level cooperation platform, with local and international institutions sharing experiences and practices in supporting the circular economy [9][10] - Global development institutions and local banks signed cooperation intentions to enhance circular finance projects, indicating a commitment to international collaboration [10] Case Studies of Circular Economy Projects - The Fushan Circular Economy Industrial Park, with an investment of approximately 11 billion yuan, integrates multiple waste management functions and has received significant financial backing [13] - Jinfa Technology's project on plastic recycling has been recognized for its innovative approach, securing a credit agreement of 1.5 billion yuan to support its operations [14]

Core Viewpoint - Jinfa Technology's stock has shown significant growth this year, with a year-to-date increase of 134.14%, despite a slight decline in the past few trading days [1][2]. Financial Performance - For the first half of 2025, Jinfa Technology achieved a revenue of 31.636 billion yuan, representing a year-on-year growth of 35.50%. The net profit attributable to shareholders was 585 million yuan, up 54.12% year-on-year [2]. - The company has distributed a total of 6.740 billion yuan in dividends since its A-share listing, with 1.136 billion yuan distributed in the last three years [3]. Stock Market Activity - As of October 22, Jinfa Technology's stock price was 20.00 yuan per share, with a market capitalization of 52.732 billion yuan. The stock experienced a trading volume of 770 million yuan and a turnover rate of 1.48% [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on September 19, where it recorded a net buy of -864 million yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Jinfa Technology was 203,600, a decrease of 7.98% from the previous period. The average circulating shares per person increased by 8.67% to 12,757 shares [2]. - The top ten circulating shareholders include Southern CSI 500 ETF, which increased its holdings by 4.2658 million shares, and Hong Kong Central Clearing Limited, which reduced its holdings by 423,430 shares [3]. Business Overview - Jinfa Technology, established on May 26, 1993, and listed on June 23, 2004, specializes in the research, production, and sales of new chemical materials. The main revenue sources are modified plastics (52.07%), trading products (20.65%), green petrochemical products (18.85%), new materials (6.29%), medical health products (1.48%), and others (0.66%) [1]. - The company operates within the basic chemical industry, specifically in the plastic and modified plastic sectors, and is associated with concepts such as Tesla, humanoid robots, and new energy vehicles [2].

Market Performance - The plastic sector increased by 1.56% on October 20, with Qide New Materials leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Top Gainers in Plastic Sector - Qide New Materials (300995) closed at 46.84, up 6.19% with a trading volume of 29,100 lots and a turnover of 136 million [1] - Gengxin Guonian (688087) closed at 28.33, up 5.55% with a trading volume of 54,300 lots and a turnover of 153 million [1] - Tongyi Co., Ltd. (300538) closed at 15.67, up 4.33% with a trading volume of 55,800 lots and a turnover of 87.29 million [1] - Cangzhou Mingzhu (002108) closed at 4.44, up 4.23% with a trading volume of 3,237,100 lots and a turnover of 1.397 billion [1] Market Trends - The plastic sector experienced a net outflow of 355 million from institutional investors, while retail investors saw a net inflow of 278 million [2][3] - The overall trading activity indicates a mixed sentiment, with institutional investors pulling back while retail investors are actively participating [2][3] Individual Stock Performance - Jinfat Technology (600143) had a net inflow of 62.73 million from institutional investors, but saw outflows from both retail and speculative investors [3] - Cangzhou Mingzhu (002108) attracted significant net inflows from both institutional and speculative investors, despite a notable outflow from retail investors [3]

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [3][4]. Core Insights - The report highlights a recovery opportunity at the bottom of the chemical cycle, particularly in the titanium dioxide sector, with major companies expanding globally and focusing on asset acquisitions [3][4]. - Global oil supply is expected to increase significantly, driven by non-OPEC production, while demand remains stable with a projected global GDP growth of 2.8% [4][5]. - The report emphasizes the importance of various chemical chains, including textiles, agriculture, and exports, as well as the potential for recovery in profitability for titanium dioxide due to easing trade tensions and improved overseas real estate conditions [3][4]. Summary by Sections Industry Dynamics - Oil supply is anticipated to rise, with OPEC+ expected to increase production, while demand is stable but may slow due to tariffs [4]. - Coal prices are expected to stabilize at a low level, and natural gas exports from the U.S. are likely to increase, reducing import costs [4]. Chemical Product Prices and Trends - The report notes that the PPI for all industrial products fell by 2.3% year-on-year in September, indicating a narrowing decline compared to August [5]. - Manufacturing PMI rose to 49.8%, suggesting a continued recovery in manufacturing activity [5]. Investment Analysis - The report suggests focusing on four key areas for investment: textiles, agriculture, export-related chemicals, and sectors benefiting from reduced competition [3]. - Specific companies to watch include Lu Xi Chemical, Tongkun Co., and Huafeng Chemical in the textile chain, and various firms in the agricultural sector such as Hualu Hengsheng and Baofeng Energy [3][4]. Key Company Valuations - The report provides a valuation table for key companies, indicating their market capitalization and projected earnings for the coming years [14].