Core Viewpoint - Fuda Alloy (603045) announced that as of the disclosure date, the company's and its subsidiaries' guarantee balances and total guarantees are RMB 1,403.04 million and RMB 2,114.00 million, respectively, which account for 144.51% and 217.73% of the company's latest audited net assets for 2024 [1] Summary by Category - **Guarantee Balances** - The guarantee balance for the company and its subsidiaries is RMB 1,403.04 million [1] - **Total Guarantees** - The total guarantees amount to RMB 2,114.00 million [1] - **Percentage of Net Assets** - The guarantees represent 144.51% of the company's latest audited net assets (consolidated) [1] - The total guarantees account for 217.73% of the company's latest audited net assets (consolidated) [1] - **Nature of Guarantees** - All guarantees are provided for wholly-owned subsidiaries, with no overdue guarantees reported [1]

Core Viewpoint - Fuda Alloy is a leading global enterprise in electrical contact materials, focusing on research, production, and sales, with the highest shipment volume of silver processing materials globally [1] Group 1: Business Performance - In Q3 2025, Fuda Alloy achieved a revenue of 3.497 billion yuan, ranking 5th among 18 companies in the industry [2] - The company's net profit for the same period was 54.41 million yuan, placing it 10th in the industry [2] - The revenue breakdown includes: contact materials 1.263 billion yuan (56.37%), layered contacts 499 million yuan (22.28%), contact components 328 million yuan (14.65%), and other businesses 143 million yuan (6.39%) [2] Group 2: Financial Ratios - As of Q3 2025, Fuda Alloy's debt-to-asset ratio was 64.71%, higher than the industry average of 43.99% [3] - The gross profit margin for the same period was 8.20%, below the industry average of 15.62% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 6.77% to 13,800 [5] - The average number of circulating A-shares held per shareholder increased by 7.27% to 9,782.97 [5] Group 4: Future Outlook - Fuda Alloy plans to acquire Guoda Electronics to enter the photovoltaic silver paste market, aiming to expand its growth [5] - The company expects stable growth in its electrical contact business, with data center-related revenue reaching 70 million yuan in the first half of 2025, a year-on-year increase of 507% [5] - Forecasted net profits for 2025-2027 are 65 million, 113 million, and 139 million yuan, representing year-on-year growth of 42%, 75%, and 23% respectively [5]

Group 1: Company Performance - Anker Innovation reported a revenue of 21.019 billion with a year-on-year growth of 27.79% and a net profit of 1.933 billion, up 31.34% [1] - Hongjing Technology achieved a revenue of 15.510 billion, a staggering growth of 595.49%, and a net profit of 107.5 million, increasing by 448.91% [1][2] - CICC recorded a revenue of 20.761 billion, growing by 54.36%, and a net profit of 6.567 billion, up 129.75% [3] - Tongfeng Electronics reported a revenue of 1.072 billion, with an 11.37% increase, and a net profit of 79.91 million, up 28.88% [4] - Changshu Bank achieved a revenue of 9.052 billion, growing by 8.15%, and a net profit of 3.357 billion, up 12.82% [6] - Jingfeng Mingyuan reported a revenue of 1.117 billion, with a 2.67% increase, and a net profit of 23.33 million, turning from loss to profit [8] - Magmita's revenue was 6.791 billion, growing by 15.05%, but net profit fell by 48.29% to 213 million [9] - Huilong Pharmaceutical reported a revenue of 742 million, down 12.92%, with a net loss of 50.8047 million [10] - Dongwei Semiconductor achieved a revenue of 964 million, growing by 41.60%, and a net profit of 48.55 million, up 58.46% [22] - Spring Autumn Electronics reported a revenue of 3.197 billion, with a 7.21% increase, and a net profit of 231 million, up 63.91% [24] - Jiangnan New Materials achieved a revenue of 7.569 billion, growing by 18.34%, and a net profit of 165 million, up 21.95% [25] - Fuda Alloy reported a revenue of 3.497 billion, with a 30.03% increase, and a net profit of 55.5042 million, up 33.52% [26] - Zhongjin Gold achieved a revenue of 53.976 billion, growing by 17.23%, and a net profit of 3.679 billion, up 39.18% [28] - Shoukai Holdings reported a revenue of 23.186 billion, with a 60.31% increase, but a net loss of 3.105 billion [29] - Nanshan Aluminum achieved a revenue of 26.325 billion, growing by 8.66%, and a net profit of 3.772 billion, up 8.09% [30][32] Group 2: Company Background - Anker Innovation specializes in the research, design, and sales of consumer electronics products, including mobile device peripherals and smart hardware [1] - Hongjing Technology focuses on providing comprehensive solutions in smart living, urban management, and smart parks [2] - CICC is engaged in investment banking, equity sales and trading, proprietary investment and trading, wealth management, and investment management [3] - Tongfeng Electronics specializes in the research, production, and sales of film capacitors and their materials [4][5] - Changshu Bank provides retail banking, corporate banking, financial market services, and village bank services [6][7] - Jingfeng Mingyuan focuses on the research and sales of power management and control driver chips [8][9] - Magmita specializes in the research, production, and sales of smart home control products, power products, and industrial automation products [9] - Huilong Pharmaceutical is involved in the research, production, and sales of innovative and high-quality generic drugs for cancer treatment [10][11] - Dongwei Semiconductor specializes in the research and sales of high-performance power devices [22][23] - Spring Autumn Electronics focuses on the research, design, production, and sales of precision molds and components for consumer electronics [24] - Jiangnan New Materials specializes in the research, production, and sales of copper-based new materials [25][26] - Fuda Alloy focuses on the research, production, and sales of electrical contact materials [26][27] - Zhongjin Gold is involved in geological exploration, mining, and smelting of gold and non-ferrous metals [28][29] - Shoukai Holdings specializes in real estate development, property management, urban renewal, and real estate finance [29][30] - Nanshan Aluminum focuses on the development, production, processing, and sales of aluminum and aluminum alloy products [30][31][32]

福达合金材料股份有限公司 关于为全资子公司提供担保的公告 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： 证券代码：603045 证券简称：福达合金 公告编号：2025-051 担保对象及基本情况 | 被担保人名称 | | 浙江福达合金材料科技有限公司 | | --- | --- | --- | | 本次担保金额 | 万元 10,000 | | | 担保对象 实际为其提供的担保余额 | 139,303.77 万元 | | | 是否在前期预计额度内 | 是 □否 | □不适用：_________ | | 本次担保是否有反担保 | □是 ☑否 | □不适用：_________ | 累计担保情况 （一）基本情况 | 统一社会信用代码 | 91330301MA2ATX2C9R | | | | --- | --- | --- | --- | | 成立时间 | 年 日 2019 05 21 | 月 | | | 注册地 | 浙江省温州市温州经济技术开发区滨海五道 308 号 | | | | 注册资本 | 万人民币 15,0 ...

Core Viewpoint - The company has signed a guarantee contract with Ping An Bank Wenzhou Branch to provide a joint liability guarantee for its wholly-owned subsidiary, Fuda Technology, with a bank credit limit of 100 million yuan [1] Group 1: Guarantee Details - The guarantee period is three years from the expiration of the guaranteed debt under the main contract [1] - As of the announcement date, the actual guarantee balance provided by the company to Fuda Technology is 1.403 billion yuan [1] - The total guarantee amount by the company and its controlling subsidiaries is 2.114 billion yuan, which accounts for 217.73% of the audited net assets for 2024 [1] Group 2: Risk Assessment - There are no overdue guarantees reported by the company [1] - The guarantee is within the approval limits set by the company's board of directors and shareholders' meeting, indicating that the overall risk is controllable [1]

Group 1 - The core viewpoint of the article highlights that Fuda Alloy (603045.SH) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong business performance [1] Group 2 - The company achieved a total operating revenue of 3.497 billion yuan, representing a year-on-year growth of 30.03% [1] - The net profit attributable to shareholders of the parent company was 55.5042 million yuan, reflecting a year-on-year increase of 33.52% [1] - The basic earnings per share stood at 0.4098 yuan [1]

证券代码：603045 证券简称：福达合金 公告编号：2025-050 福达合金材料股份有限公司 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： 一、说明会类型 福达合金材料股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日 在上海证券交易所网站（www.sse.com.cn）披露了《2025 年第三季度报告》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定 于 2025 年 11 月 6 日（星期四）15:00-16:00 在"价值在线"（www.ir-online.cn） 会议召开时间：2025 年 11 月 6 日（星期四）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 11 月 6 日 前 访 问 网 址 https://eseb.cn/1sI8AoBRrAQ 或使用微信扫描下方小程序码进行 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥1,256,357,207.50, an increase of 24.35% compared to the same period last year[4] - The total profit for the quarter was ¥29,599,805.88, reflecting a significant increase of 2,291.37% year-over-year[4] - Net profit attributable to shareholders was ¥30,635,915.21, up 508.82% from the previous year[4] - The basic earnings per share for the quarter was ¥0.2262, representing a 509.70% increase compared to the same period last year[5] - The net profit for the year-to-date period reached ¥55,504,175.69, an increase of 33.52% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached CNY 3,496,846,186.44, a 30.0% increase from CNY 2,689,363,050.89 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was CNY 56,429,612.10, up 56.1% from CNY 36,154,632.84 in 2024[21] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 55,504,175.69, compared to CNY 41,568,485.16 in 2024, representing a 33.5% increase[22] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.4098, compared to CNY 0.3069 in 2024, indicating enhanced profitability per share[22] - The total comprehensive income for the first three quarters of 2025 was CNY 54,295,171.35, compared to CNY 41,578,978.01 in 2024, reflecting overall growth[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,904,822,406.32, a 16.05% increase from the end of the previous year[5] - As of September 30, 2025, the company's total assets reached CNY 2,904,822,406.32, an increase from CNY 2,502,975,140.83 as of December 31, 2024, representing a growth of approximately 16.0%[15] - Total liabilities increased to CNY 1,879,756,089.97 in 2025 from CNY 1,532,069,977.75 in 2024, indicating a growth in financial obligations[18] - The company's total equity rose to CNY 1,025,066,316.35 in 2025, up from CNY 970,905,163.08 in 2024, showing improved financial health[18] Cash Flow - Cash flow from operating activities for the quarter was negative at -¥34,892,502.55[4] - Cash inflow from operating activities for the first three quarters of 2025 reached approximately ¥3.81 billion, a significant increase of 30.7% compared to ¥2.91 billion in the same period of 2024[24] - Net cash outflow from operating activities was ¥203.98 million, worsening from a net outflow of ¥127.01 million in the previous year[25] - Cash inflow from investment activities totaled ¥4.31 million, up from ¥1.60 million in the first three quarters of 2024[25] - Net cash outflow from investment activities was ¥34.61 million, compared to a net outflow of ¥30.75 million in the same period last year[25] - Cash inflow from financing activities amounted to ¥1.85 billion, an increase from ¥1.26 billion in the first three quarters of 2024[25] - Net cash flow from financing activities improved to ¥333.22 million, up from ¥128.89 million in the previous year[25] - The company's cash and cash equivalents at the end of the period stood at ¥167.25 million, an increase from ¥137.87 million at the end of the same period in 2024[25] Shareholder Information - The company had a total of 13,845 common shareholders at the end of the reporting period[10] Regulatory and Compliance - The company plans to acquire a 52.61% stake in Zhejiang Guangda Electronic Technology Co., Ltd. for a total consideration of CNY 352.50 million, pending shareholder and regulatory approvals[12] - The company received an inquiry letter from the Shanghai Stock Exchange regarding the major asset purchase, indicating ongoing regulatory scrutiny[13] - The company is actively organizing responses to the inquiry letter from the Shanghai Stock Exchange to ensure compliance with disclosure obligations[13] Operational Insights - The increase in revenue and profit was primarily driven by higher sales volume and improved cost control measures[8] - Research and development expenses for the first three quarters of 2025 amounted to CNY 111,720,831.72, an increase from CNY 94,930,026.94 in 2024, reflecting a focus on innovation[20] - The company's total operating costs for the first three quarters of 2025 were CNY 3,450,158,121.74, an increase from CNY 2,661,085,734.41 in 2024, highlighting rising operational expenses[20] - The company reported a decrease in credit impairment losses to CNY -2,997,729.23 in 2025 from CNY -9,470,294.23 in 2024, indicating improved credit quality[21] Inventory and Receivables - Accounts receivable increased to CNY 799,547,391.19 from CNY 724,461,072.11, reflecting a rise of about 10.4%[15] - Inventory levels rose to CNY 790,710,136.87 compared to CNY 776,561,593.79, marking an increase of approximately 1.5%[16] - Short-term borrowings surged to CNY 793,296,144.49 from CNY 547,469,215.39, representing an increase of around 44.9%[16] - The total current liabilities increased, with accounts payable decreasing to CNY 58,371,071.55 from CNY 103,470,725.65, a decline of approximately 43.6%[16] - The company reported a total non-current asset value of CNY 771,838,643.23, up from CNY 748,051,926.94, reflecting a growth of about 3.2%[16]

Core Insights - The company reported a third-quarter revenue of 1.256 billion yuan, representing a year-on-year increase of 24.35% [1] - The net profit for the third quarter was 30.6359 million yuan, showing a significant year-on-year growth of 508.82% [1] - For the first three quarters, the total revenue reached 3.497 billion yuan, which is a 30.03% increase compared to the same period last year [1] - The net profit for the first three quarters amounted to 55.5042 million yuan, reflecting a year-on-year growth of 33.52% [1]

Market Overview - The metal new materials sector increased by 1.95% on October 29, with Fuda Alloy leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Fuda Alloy (603045) closed at 22.11, up 7.02% with a trading volume of 124,300 shares and a transaction value of 271 million [1] - Huaitong New Materials (920751) closed at 22.14, up 5.53% with a trading volume of 19,700 shares and a transaction value of 42.33 million [1] - Tianli Composite (920576) closed at 31.96, up 4.58% with a trading volume of 31,200 shares and a transaction value of 97.91 million [1] - Other notable performers include Sry New Materials (688102) up 3.84%, Yunlu Co. (688190) up 3.51%, and Youyan Powder Materials (688456) up 3.11% [1] Capital Flow - The metal new materials sector experienced a net outflow of 642 million from institutional investors, while retail investors saw a net inflow of 578 million [2] - Speculative funds had a net inflow of 63.94 million [2] Individual Stock Capital Flow - Zhenghai Magnetic Materials (300224) had a net outflow of 56.47 million from institutional investors, while it saw a net inflow of 978,450 from speculative funds [3] - Jiangnan New Materials (603124) had a net inflow of 30.03 million from institutional investors but a net outflow of 1.48 million from speculative funds [3] - Jinli Yongci (300748) had a net inflow of 28.75 million from institutional investors and a net outflow of 45.40 million from retail investors [3]