Group 1 - The company Fangda Carbon (600516) reported a revenue of 1.69 billion yuan for the first half of 2025, representing a year-on-year decrease of 28.13% [1] - The net profit attributable to shareholders was 54.53 million yuan, down 68.31% year-on-year [1] - The basic earnings per share were 0.0144 yuan [1]

Core Viewpoint - A-share companies are increasingly engaging in stock investments, with several firms planning significant allocations of their funds for this purpose, despite some plans being abruptly terminated [1][2][4]. Group 1: Investment Plans and Amounts - Jiangsu Guotai planned to use up to 138.3 billion yuan for financial management and securities investment, but later terminated part of this plan [1][2]. - Other companies like Lio Co. and Fangda Carbon have also announced substantial investment plans, with Lio Co. intending to use up to 30 billion yuan for securities investment [2][3]. - Companies such as Qipilang and Xiantan Co. have also disclosed plans to invest over 10 billion yuan in stock trading [2][3]. Group 2: Historical Context and Performance - Jiangsu Guotai has a history of stock trading dating back ten years, with significant investments made over the years [5][6]. - Lio Co. has also been involved in stock investments since 2016, with their investment amounts increasing from 20 billion yuan to 30 billion yuan [6][7]. - Seven Wolves holds several high-profile stocks, with investment income significantly contributing to their overall profits, despite facing a decline in their own performance [8][10]. Group 3: Investment Outcomes - Jiangsu Guotai reported a cumulative fair value change loss of 71.96 million yuan in the first half of the year, indicating poor investment performance [8]. - Lio Co.'s investment in Li Auto resulted in a significant profit in 2020, but subsequent years saw fluctuations in investment returns, including a net loss in 2022 [9][10]. - Seven Wolves reported that their investment income accounted for over 70% of their total profit, despite experiencing a decline in revenue and net profit [10][11].

北京证券有限责任公司关于 北京证券有限责任公司（以下简称"保荐机构"，曾用名：瑞信证券（中国）有 限公司）作为方大炭素新材料科技股份有限公司（以下简称"方大炭素"或"公 司"）非公开发行股票并在上海证券交易所上市的保荐机构，根据《证券发行上市保 荐业务管理办法》《上市公司募集资金监管规则》《上海证券交易所股票上市规则》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交易所上 市公司自律监管指引第 11 号——持续督导》等相关法律、法规和规范性文件的规定， 对方大炭素拟使用部分闲置募集资金暂时补充流动资金的事项进行了审慎核查，具体 情况如下： 一、募集资金基本情况 经中国证券监督管理委员会证监许可[2012]1733 号《关于核准方大炭素新材料科 技股份有限公司非公开发行股票的批复》核准，公司于 2013 年 6 月以非公开发行股票 的方式向 3 名特定投资者发行了 184,266,900 股人民币普通股股票，发行价格为人民币 9.89 元/股，募集资金总额人民币 1,822,399,641 元，扣除发行费用人民币 26,384,267.00 元，募集资金净额为人民币 1,796,015 ...

Core Viewpoint - Fangda Carbon (600516.SH) reported a significant decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved an operating revenue of 1.69 billion yuan, a year-on-year decrease of 28.13% [1] - The net profit attributable to shareholders was 54.53 million yuan, down 68.31% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 834,580 yuan, reflecting a substantial decline of 95.99% year-on-year [1] - Basic earnings per share were reported at 0.0144 yuan [1]

Group 1 - The core viewpoint of the article highlights the announcement made by Fangda Carbon (SH 600516) regarding its 2025 semi-annual report and the composition of its revenue for the year 2024 [1] - Fangda Carbon's revenue composition for 2024 indicates that the carbon industry accounts for 86.6% of total revenue, while other segments contribute 7.48% and other businesses account for 5.92% [1] - As of the report, Fangda Carbon's market capitalization stands at 20.3 billion yuan [1] Group 2 - The article also mentions a significant growth opportunity in the pet industry, which is projected to reach a market size of 300 billion yuan, leading to positive market reactions among listed companies in the sector [1]

方大炭素新材料科技股份有限公司 第九届监事会第十二次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 方大炭素新材料科技股份有限公司（以下简称公司）以通讯方式向各位监事 发出了召开第九届监事会第十二次会议的通知和材料。会议于 2025 年 8 月 26 日以现场和通讯表决相结合的方式召开。本次会议应出席监事 5 人，实际出席监 事 5 人；会议由监事会主席主持。本次监事会会议的召开符合有关法律法规和《公 司章程》的规定。 二、监事会会议审议情况 证券代码 ：600516 证券简称： 方大炭素 公告编号：2025-034 监事会认为：公司本次使用闲置募集资金9.5亿元暂时补充公司流动资金， 1 符合有关法律、法规及《公司章程》的有关规定，不存在变相变更募集资金投向 的情况，有利于提高募集资金使用效率，降低财务费用，符合公司和全体股东的 利益；同意公司使用闲置募集资金暂时补充公司流动资金。 特此公告。 方大炭素新材料科技股份有限公司 监 事 会 （一）方大炭素 2025 年半年度报告及摘要 公司 ...

方大炭素新材料科技股份有限公司 第九届董事会第五次会议决议公告 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。 一、董事会会议召开情况 方大炭素新材料科技股份有限公司（以下简称公司）以通讯方式向各位董事 发出了召开第九届董事会第五次会议的通知和材料。会议于 2025 年 8 月 26 日以 现场和通讯表决相结合的方式召开。本次会议应出席董事 11 人，实际出席董事 11 人；会议由董事长主持，监事及部分高级管理人员列席了会议。本次董事会 会议的召开符合有关法律法规和《公司章程》的规定。 二、董事会会议审议情况 （一）方大炭素2025年半年度报告及摘要 本议案已经董事会审计委员会审议通过，并同意提交董事会审议。 证券代码 ：600516 证券简称： 方大炭素 公告编号：2025-033 （三）关于公司使用闲置募集资金暂时补充流动资金的议案 为提高募集资金的使用效率，减少财务费用，降低公司运营成本，公司拟使 1 用 9.5 亿元闲置募集资金暂时补充公司流动资金，使用期限自公司董事会审议通 过之日起不超过 12 个月。 表决结果：同 ...

Core Viewpoint - Fangda Carbon's 2025 semi-annual report indicates a significant decline in revenue and profit, attributed to reduced sales volume and increased competition in the graphite electrode market [2][4]. Company Overview and Financial Indicators - Company Name: Fangda Carbon New Material Co., Ltd. [2] - Stock Code: 600516 [2] - Total Revenue for the first half of 2025: CNY 1.69 billion, a decrease of 28.13% compared to CNY 2.35 billion in the same period last year [2][11]. - Total Profit: CNY 55.92 million, down 75.62% from CNY 229.33 million year-on-year [2][11]. - Net Profit attributable to shareholders: CNY 54.53 million, a decline of 68.31% from CNY 172.09 million [2][11]. - Net cash flow from operating activities: -CNY 290.76 million, a decrease of 190.42% compared to CNY 321.56 million in the previous year [2][11]. - Total assets at the end of the reporting period: CNY 20.46 billion, an increase of 0.45% from CNY 20.37 billion at the end of the previous year [2][11]. Industry and Business Analysis - The company operates in the non-metallic mineral products industry, specifically in the manufacturing of graphite and other non-metallic mineral products [3]. - Key products include graphite electrodes, carbon bricks, isotropic graphite, nuclear-grade carbon/graphite materials, graphene materials, and carbon/carbon composite materials [3]. - The company has achieved breakthroughs in nuclear-grade carbon/graphite materials and graphene materials, filling domestic gaps and breaking foreign monopolies [3]. - The overall market for graphite electrodes has faced challenges due to decreased demand from steel mills and increased competition, leading to many companies operating at a loss [4][11]. - In the first half of 2025, China's total graphite electrode production was approximately 374,600 tons, a decrease of 17.96% year-on-year [4]. Operational Performance - The company has maintained a competitive edge through a comprehensive R&D, procurement, production, sales, and after-sales service system [4]. - The operational strategy focuses on sales-driven production and high-end market promotion, optimizing product structure and increasing the promotion of high-value-added products [4]. - The company has made significant progress in international market expansion, successfully entering several emerging markets, which has supported revenue growth [4]. Competitive Advantages - The company has a strong management team with extensive experience in the carbon industry, enabling it to identify industry trends and seize development opportunities [6][7]. - Continuous investment in technology innovation and collaboration with top research institutions has led to significant advancements in core technologies [6][7]. - The company emphasizes fine management to reduce costs and improve efficiency, resulting in stable product quality and increased operational efficiency [8][10].

□适用 √不适用 | 方大炭素新材料科技股份有限公司 | | 2025 | 年半年度报告摘要 | | | | --- | --- | --- | --- | --- | --- | | 公司代码：600516 公司简称：方大炭素 | | | | | | | 方大炭素新材料科技股份有限公司 | | | | | | | 方大炭素新材料科技股份有限公司 | | | | | 2025 | | 年半年度报告摘要 | | | | | | | 第一节 | 重要提示 | | | | | | 投资者应当到 网站仔细阅读半年度报告全文。 | http://www.sse.com.cn | | | | | | 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | | | 无 | | | | | | | 公司基本情况 | 第二节 | | | | | | 公司股票简况 | | | | | | | 股票种类 股票简称 | 股票上市交易所 | | 股票代码 | | | | 变更前股票简称 | | | | | | | A股 方大炭素 | 上海证券交易所 | | 600516 | | ST | | 方大 | ...

Group 1 - The board of directors of Fangda Carbon New Material Technology Co., Ltd. held its fifth meeting of the ninth session on August 26, 2025, with 11 directors present, complying with legal regulations and the company's articles of association [1] - The board approved the 2025 semi-annual report and summary, with a unanimous vote of 11 in favor [1] - The board also reviewed a special report on the use of raised funds, which was approved with a unanimous vote of 11 in favor [2] Group 2 - The company plans to use 950 million yuan of idle raised funds to temporarily supplement its working capital, with a usage period not exceeding 12 months from the date of board approval, which was also unanimously approved with 11 votes in favor [2]