Core Viewpoint - Lushan New Materials (603051) reported a cautious operational strategy in its solar cell packaging film business, focusing on optimizing pricing and customer structure to mitigate the impact of industry fluctuations on profitability [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 741 million yuan and a net profit attributable to shareholders of 15.9361 million yuan [1] - The polyolefin functional materials segment, which constitutes 58.53% of total revenue, saw a shipment volume of 35,200 tons, representing a year-on-year increase of 22.67%, and generated revenue of 434 million yuan, up 16.67% year-on-year [1] Strategic Development - The company continues to implement its "one main, two supports" development strategy, focusing on new products and projects as key growth drivers [1] - New products such as OCA optical adhesive films, solid-state lithium batteries, silicon-carbon anode materials for lithium batteries, and aluminum-plastic composite adhesive materials are progressing well in market development and are expected to become new performance growth points in the future [1] Industry Expansion - With the rapid development of humanoid robot materials, the company plans to leverage its technical advantages in precision coating and polymer material modification to enter the fields of electronic skin, electronic muscles, and simulated skin [2] - The company aims to expand its product offerings into diverse applications such as smart wearables and medical rehabilitation [2]

本次财报公布的各项数据指标表现不尽如人意。其中，毛利率11.66%，同比增0.16%，净利率2.15%， 同比减22.68%，销售费用、管理费用、财务费用总计6383.08万元，三费占营收比8.61%，同比增 35.05%，每股净资产14.8元，同比增9.58%，每股经营性现金流0.39元，同比减51.74%，每股收益0.15 元，同比减55.88% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 11.11亿 | 7.41亿 | -33.27% | | 归母净利润（元） | 3088.47万 | 1593.61万 | -48.40% | | 扣非净利润(元) | 2140.59万 | 180.42万 | -91.57% | | 货币资金(元) | 3.04亿 | 4.1亿 | 34.91% | | 应收账款(元) | 7.72亿 | 4.49 Z | -41.77% | | 有息负债(元) | 9.65亿 | 5.48亿 | -43.25% | | 手利率 | 11.64% | 11.66% | 0.16% | ...

Core Viewpoint - The company is actively advancing its "one main and two branches" development strategy, focusing on emerging sectors such as optical adhesive films, new energy materials, and humanoid robot electronic skin, to inject new momentum into future growth [1] Group 1: Business Strategy and Market Opportunities - The company anticipates explosive growth opportunities in the humanoid robot industry over the next 3-5 years, driven by accelerated industry development [1] - To seize this market opportunity, the company plans to leverage its 27 years of experience in high-performance functional materials and its technological advantages in precision coating and polymer material modification [1] - The company aims to integrate resources to quickly enter the humanoid robot electronic skin, electronic muscle, and simulated skin (TPE, silicone, etc.) sectors, accelerating the industrialization process of related products [1] Group 2: Financial Performance - In the first half of the year, the company achieved operating revenue of 741 million yuan, with a net profit attributable to shareholders of 15.93 million yuan [1] - The core polyethylene functional materials business segment reported a shipment volume of 35,200 tons, representing a year-on-year increase of 22.67% [1] - This segment generated operating revenue of 434 million yuan, a year-on-year growth of 16.67%, accounting for 58.53% of the company's total revenue, thus becoming a crucial pillar for stable performance [1]

Group 1 - The company reported a revenue of 741,086,146.06 yuan for the first half of 2025, representing a year-on-year decrease of 33.27% [1] - The net profit attributable to shareholders of the listed company was 15,936,075.69 yuan, showing a year-on-year decline of 48.40% [1]

Group 1 - The core point of the article is that Lushan New Materials announced the approval of multiple proposals during the second meeting of its sixth board of directors held on August 29 [2]

格隆汇8月29日丨鹿山新材(603051.SH)公布半年度报告，报告期内，面对复杂多变的经济环境，公司坚持稳健经营策略，实现营业收入7.41亿元，同比下降33.27%，归属于上市公司股东的 ...

Core Viewpoint - Lushan New Materials (603051.SH) reported a significant decline in its financial performance for the first half of 2025, with both revenue and net profit experiencing substantial decreases [1] Financial Performance Summary - The company achieved a revenue of 741 million yuan, representing a year-on-year decrease of 33.27% [1] - The net profit attributable to shareholders was 15.94 million yuan, down 48.4% compared to the previous year [1] - The non-recurring net profit was 1.8 million yuan, reflecting a drastic decline of 91.57% year-on-year [1] - Basic earnings per share stood at 0.15 yuan [1]

关于召开2025年半年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： | 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-058 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 报 · 中 国 证 券 网 （https://roadshow.cnstock.com/） （三）会议召开方式：视频录播结合网络文字互动 ●会议召开时间：2025 年 9 月 12 日（星期五）15:00-16:00； ● 会 议 召 开 地 点 ： 上 海 证 券 报 · 中 国 证 券 网 （https://roadshow.cnstock.com/）； ●会议召开方式：视频录播结合网络文字互动； ●会议问题征集：投资者可于 2025 年 9 月 11 日（星期四）16:00 前将需要 了解的情况和关注的问题预先发送至广州鹿山新材料股份有限公司（以下简 ...

二、2025 年第二季度公司主要产品和原材料的价格变动情况 | 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-056 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 关于 2025 年第二季度主要经营数据的公告 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。 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：第十三号——化工》的要求，现将广州鹿山新材料股份有限公司（以下 简称"公司"）2025 年第二季度主要经营数据披露如下： 三、其他说明 （一）报告期内无其他对公司生产经营具有重大影响的事项。 （二）以上经营数据未经审计，为投资者及时了解公司生产经营情况之用， 也并未对公司未来经营情况作出任何明示或默示的预测或保证，敬请投资者审慎 使用。 特此公告。 广州鹿山新材料股份有限公司董事会 （一）主要产品价格变动情况 2025 年第二季度，公司主要产品的价格（不含税）详见下表： | | 202 ...

| 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-057 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 关于计提资产减值准备的公告 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 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《企业会计准则》以及公司会计政策、会计估计的有关规定，为真实、 准确地反映广州鹿山新材料股份有限公司（以下简称"公司"）2025 年 4 月 1 日至 2025 年 6 月 30 日财务状况和经营成果，公司及子公司对存在减值迹象的各 类资产进行了清查和减值测试，现将有关事项公告如下： 一、计提资产减值准备情况概述 根据《企业会计准则》以及公司会计政策、会计估计的相关规定，为了真实、 准确地反映公司 2025 年 4 月 1 日至 2025 年 6 月 30 日的财务状况，本着谨慎性 原则，公司对 2025 年 4 月 1 日至 2025 年 6 月 30 日公司及下属子公司存在减值 迹象的资产进行了减值测试，对发生资产减值损失的相关资产计 ...