创新新材料科技股份有限公司 关于股份回购进展公告 证券代码：600361 证券简称：创新新材 公告编号：2025-074 创新新材料科技股份有限公司 1 创新新材料科技股份有限公司 关于股份回购进展公告 即 2025 年 3 月 24 日至 2026 年 3 月 23 日。本次回购股份的价格为不超过人民币 5.71 元/股（含），该价格不高于董事会通过本次回购预案决议前 30 个交易日公司 股票交易均价的 150%。具体回购价格由公司股东大会授权管理层在回购实施期间 结合公司股票价格、财务状况和经营状况确定。按照上述回购价格上限及回购资 金总额的上下限测算，预计回购股份数量约为 17,513,135 股至 35,026,269 股，占 第八届董事会第十九次会议审议本次回购预案时总股本的 0.43%至 0.85%，具体回 购股份的数量及占公司总股本比例以回购期限届满或者回购完毕时实际回购的股 份数量和占公司总股本的比例为准。详见公司于 2025 年 3 月 7 日披露的《关于以 集中竞价交易方式回购股份的预案》（公告编号：2025-008）。 关于股份回购进展公告 本公司董事会及全体董事保证本公告内容不存在任何 ...

每经头条（nbdtoutiao）——中国这个行业爆了！海外订单猛增246%，覆盖50多国和地区，企业家提 醒：有人正以亏本价销售，警惕恶性竞争扩至海外 （记者 曾健辉） 每经AI快讯，创新新材（SH 600361，收盘价：4.6元）11月4日晚间发布公告称，截至2025年10月31 日，公司已累计回购股份约912万股，占公司最新总股本的比例为0.2428%，回购成交的最高价为4.32 元/股、最低价为3.93元/股，成交总金额为人民币约3800万元。 2024年1至12月份，创新新材的营业收入构成为：有色金属制造占比98.39%，其他业务占比1.61%。 截至发稿，创新新材市值为173亿元。 ...

Summary of Key Points - The company, Innovation New Materials (600361.SH), has announced a share buyback program, having repurchased a total of 9.1187 million shares as of October 31, 2025, which represents 0.2428% of the company's latest total share capital [1] - The highest price at which the shares were repurchased was 4.32 CNY per share, while the lowest price was 3.93 CNY per share [1] - The total amount spent on the share buyback reached approximately 37.9987 million CNY, excluding transaction fees such as stamp duty and trading commissions [1]

格隆汇11月4日丨创新新材(600361.SH)公布，截至2025年10月31日，公司已累计回购股份911.87万股， 占公司最新总股本的比例为0.2428%，回购成交的最高价为4.32元/股、最低价为3.93元/股，成交总金额 为人民币3799.87万元（不含印花税、交易佣金等交易费用）。 ...

Core Points - In November 2025, a total of 124 companies in the A-share market will have their restricted shares unlocked, amounting to approximately 8.952 billion shares with a total market value of 160.677 billion yuan, representing a month-on-month decrease of about 26.45% and a year-on-year decrease of about 44.64% [1][8] Company Summaries - Ruijie Networks has the largest unlock scale, with 700 million shares set to be released on November 20, valued at approximately 52.78 billion yuan, accounting for 88% of its total share capital [3][4] - Innovation New Materials will have 2.287 billion restricted shares unlocked on November 17, with a market value of about 10.222 billion yuan, involving shareholders such as Shandong Innovation Group and Beijing Hualian Group [6][8] - Huaxia Eye Hospital ranks third in unlock scale, with 511.7 million shares, representing 60.85% of its total share capital, valued at approximately 9.814 billion yuan [6][8] Industry Insights - The telecommunications, pharmaceutical, and electronics industries have the highest unlock market values, with Ruijie Networks leading in telecommunications, while Huaxia Eye Hospital and New Nobel are notable in the pharmaceutical sector [8][10] - In total, seven companies will celebrate their listing anniversary in November, with a combined unlock volume of approximately 390 million shares and a market value of about 12.262 billion yuan [10]

Core Viewpoint - In November 2025, a total of 124 companies in the A-share market will face the unlocking of restricted shares, amounting to approximately 8.952 billion shares with a total market value of 160.677 billion yuan, reflecting a month-on-month decrease of about 26.45% and a year-on-year decrease of about 44.64% [1][2]. Group 1: Unlocking Scale and Key Companies - The largest unlocking scale is attributed to Ruijie Networks, with a market value exceeding 50 billion yuan [1][3]. - The top three companies by unlocking scale are Ruijie Networks, Innovation New Materials, and Huaxia Eye Hospital [3][10]. - Ruijie Networks will have 700 million shares unlocked on November 20, with a market value of approximately 52.78 billion yuan, accounting for 88% of its total share capital [3][4]. Group 2: Industry Distribution - The industries with the highest unlocking market values are telecommunications, biomedicine, and electronics [10]. - In the telecommunications sector, Ruijie Networks significantly contributes to the unlocking scale, while in biomedicine, Huaxia Eye Hospital, New Nobel, and New World lead in unlocking market value [10]. Group 3: Anniversary Unlocking - Seven companies will have 39 million restricted shares unlocked in November, with a total market value of 12.262 billion yuan, including companies like Juxing Technology and Jintian Titanium Industry [1][9]. - Juxing Technology has the largest anniversary unlocking scale at approximately 3.307 billion yuan, followed by Jintian Titanium Industry and Wanyuantong with 3.195 billion yuan and 3.011 billion yuan, respectively [14].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expected stock price increase of over 15% relative to the benchmark index within the next 12 months [6][12]. Core Views - The company's performance in Q3 2025 exceeded expectations, driven by the 3C sector, despite a year-on-year revenue decline of 1.38% to 58.716 billion yuan and a net profit drop of 10.28% to 709 million yuan [1][2]. - The company is positioned as a leader in the aluminum processing industry, with significant market shares in various segments, including 18.6% in domestic aluminum wire and 16.0% globally [3]. - The Saudi Red Sea project is progressing well, with an expected internal rate of return of 22.08%, which could contribute substantial investment returns in the future [3]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company reported revenues of 58.716 billion yuan, a decrease of 1.38% year-on-year, and a net profit of 709 million yuan, down 10.28% year-on-year. In Q3 alone, revenue was 19.575 billion yuan, a decline of 5.90% year-on-year, but net profit increased by 67.17% year-on-year to 355 million yuan [1][2]. - The average aluminum price for the first three quarters was 20,500 yuan/ton, up 3.73% year-on-year, while the Q3 average was 20,700 yuan/ton, reflecting a 5.88% increase year-on-year [2]. Market Position - The company holds the top market share in several aluminum products, including 18.6% in domestic aluminum wire and 16.0% globally, as well as 10.8% in aluminum alloy round ingots [3]. - The 3C electronic aluminum profile market share stands at 8.3%, placing the company among the top three in this segment [3]. Future Outlook - The company is expected to gradually recover its performance as it transitions towards high-end products and expands its profile business segment. Projected net profits for 2025-2027 are estimated at 923 million, 985 million, and 1.583 billion yuan, respectively [3][5].

Core Viewpoint - The company, Innovation New Materials (600361), reported a significant increase in net profit for Q3 2025, driven by enhanced operations in high-value 3C consumer electronics materials and optimized cost control, despite a decline in cash flow due to rising aluminum prices and increased inventory [1][2][3]. Trading Information Summary - As of October 27, 2025, the stock closed at 4.3 yuan, down 0.69%, with a turnover rate of 2.44%, and a trading volume of 358,000 shares, amounting to a total transaction value of 154 million yuan [1]. - On the same day, the main funds experienced a net outflow of 19.24 million yuan, accounting for 12.49% of the total transaction value, while retail investors saw a net inflow of 5.84 million yuan, representing 3.79% of the total [1][2]. Company Announcement Summary - The company's Q3 2025 report was approved unanimously by both the board of directors and the supervisory board, confirming the accuracy and completeness of the financial information presented [1][2]. - The Q3 financial report was not audited, and the board meeting was conducted via telecommunication with all members present [1][2]. Financial Performance Summary - For Q3 2025, the company reported a net profit of 354.65 million yuan, a year-on-year increase of 67.17%, attributed to improved operations in high-margin products [2][3]. - The total revenue for Q3 was approximately 19.57 billion yuan, reflecting a decrease of 5.90% compared to the same period last year [3]. - The net cash flow from operating activities for the year-to-date period was -1.11 billion yuan, a decline of 61.64% year-on-year, primarily due to increased inventory and operating expenses driven by rising aluminum prices [2][3]. Key Financial Data - Total assets as of September 30, 2025, were approximately 28.38 billion yuan, an increase of 8.66% from the end of the previous year [3]. - The company's total liabilities were reported at 17.08 billion yuan, with total equity attributable to shareholders amounting to 11.16 billion yuan, reflecting a 3.46% increase [3][4]. Shareholder Information - As of the reporting period, the total number of ordinary shareholders was 76,015, with the largest shareholder being Shandong Innovation Group Co., Ltd., holding 29.89% of the shares [5][6]. - The top ten shareholders include a mix of corporate and individual investors, with significant stakes held by the controlling shareholder and related parties [5][6].

Core Viewpoint - Innovation New Materials (600361.SH) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 58.716 billion yuan, representing a year-on-year decrease of 1.38% [1] - The net profit attributable to shareholders of the parent company was 709 million yuan, down 10.28% year-on-year [1] - The basic earnings per share stood at 0.1743 yuan [1]

Core Insights - The company reported a significant increase in net profit for Q3 2025, reaching 355 million yuan, a 67.17% increase compared to the same period last year, marking a record high for quarterly net profit since its IPO [1] - The company has been focusing on enhancing the operation of its advantageous products, particularly in the 3C consumer electronics sector, while also reducing costs and improving investment efficiency [1] - The company is advancing its high-end strategy by adjusting its industrial structure and increasing the proportion of high-end products, which lays a solid foundation for future performance improvement [1] Financial Performance - In Q3 2025, the company achieved a net profit of 355 million yuan, which is the highest quarterly net profit since its listing [1] - The net profit growth of 67.17% year-on-year indicates strong operational performance despite challenging market conditions [1] Strategic Initiatives - The company is actively responding to the "Belt and Road" initiative and is implementing a globalization strategy, with orderly progress in overseas capacity construction [2] - A planned investment of up to 209 million USD will be made in the "Saudi Red Sea Aluminum Industry Chain Comprehensive Project," which aims to produce 500,000 tons of electrolytic aluminum and 500,000 tons of high-precision aluminum products annually [2] - This project is expected to enhance the company's global influence and competitiveness while providing full-chain investment returns from upstream electrolytic aluminum to downstream aluminum processing [2] Market Position - As a leading player in the global 3C consumer electronics profile market, the company has been a core supplier for top global 3C consumer electronics manufacturers since 2018 [1] - The company has participated in the material research and profile supply for various smart devices, including smartphones, tablets, and laptops [1]