Core Viewpoint - The stock of Lushan New Materials opened at a limit-up price of 25.61 yuan, reaching a total market capitalization of 3.74 billion yuan, driven by business expansion and breakthroughs in new products [1]. Business Expansion and New Product Breakthroughs - Lushan New Materials has successfully entered the electronic skin, electronic muscle, and simulated skin fields for humanoid robots, which are considered cutting-edge technologies with vast market potential [2]. - The company has achieved breakthroughs in OCA optical adhesive films for foldable screens, which can withstand over 200,000 bends at room temperature and have begun mass supply. This product is also being applied in humanoid robot visual display modules, aligning with the growing demand in the foldable smartphone market [2]. Progress in Silicon-Carbon Anode Materials - The company has started mass supply of PAA, a functional adhesive material for silicon-carbon anodes, which can be used in solid-state/semi-solid lithium batteries. This aligns with the increasing performance demands in the rapidly developing new energy vehicle industry [3]. - In the first half of 2025, Lushan New Materials reported a revenue of 741 million yuan and a net profit of 15.94 million yuan, while adopting a cautious operational strategy for its solar cell packaging film business to mitigate the impact of industry fluctuations on profitability [3][4]. Financial Performance - Key financial data for the first half of 2025 shows a revenue decrease of 33.27% compared to the same period last year, with net profit down by 48.40%. The company reported a significant drop in net profit from regular operations by 91.57% [4]. - The polyolefin functional materials segment, which constitutes a significant portion of the business, achieved a shipment volume of 35,200 tons, a year-on-year increase of 22.67%, and revenue of 434 million yuan, up 16.67% [4]. Future Growth Strategy - The company is committed to its "one main, two supports" development strategy, focusing on new products and projects as core growth drivers. The market expansion of new products such as OCA optical adhesive films and silicon-carbon anode materials is progressing well and is expected to become new performance growth points [5]. - With the rapid development of humanoid robot materials, Lushan New Materials plans to leverage its technical advantages in precision coating and polymer material modification to quickly enter the electronic skin, electronic muscle, and simulated skin markets, expanding into smart wearables and medical rehabilitation [5].

Core Viewpoint - The stock of Lushan New Materials has experienced a significant surge, achieving three consecutive daily limit-ups, with a total increase of 33.13% during this period [2] Trading Performance - As of September 3, the stock price reached 28.17 yuan, with a turnover rate of 2.21% and a trading volume of 3.2268 million shares, resulting in a transaction amount of 90.899 million yuan [2] - The stock's total market capitalization is currently 4.112 billion yuan [2] - The stock has been listed on the Dragon and Tiger list due to a cumulative price deviation of 20% over three trading days and a daily deviation of 7% [2] Margin Trading Data - As of September 3, the margin trading balance for the stock is 128 million yuan, with a financing balance of 128 million yuan, reflecting a decrease of 1.35% compared to the previous trading day [2] - Over the past three days, the margin trading balance has increased by 2.74%, totaling an increase of 3.4157 million yuan [2] Institutional Ratings - In the past ten days, one institution has given a buy rating for the stock, with Northeast Securities projecting a target price of 31.60 yuan as of September 2 [2] Financial Performance - The company's semi-annual report released on August 30 indicates total revenue of 741 million yuan for the first half of the year, representing a year-on-year decline of 33.27% [2] - The net profit for the same period is reported at 16 million yuan, down 48.40% year-on-year [2]

Group 1 - The stock of Lushan New Materials (603051) reached the daily limit, with a turnover rate of 6.80% and a transaction amount of 252 million yuan, showing a fluctuation of 3.68% [2] - The stock was listed on the Shanghai Stock Exchange due to a daily price deviation of 11.16%, with a net selling amount of 13.01 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 60.65 million yuan, with a buying amount of 23.82 million yuan and a selling amount of 36.83 million yuan, resulting in a net selling of 13.01 million yuan [2] Group 2 - The main buying brokerage was Kaiyuan Securities with a purchase amount of 10.01 million yuan, while the largest selling brokerage was Huatai Securities with a selling amount of 12.24 million yuan [3] - The stock experienced a net outflow of 28.90 million yuan in main funds, with a significant outflow of 18.30 million yuan from large orders and 10.60 million yuan from major funds, while the net inflow over the past five days was 72.20 million yuan [2] - The company reported a revenue of 741 million yuan for the first half of the year, a year-on-year decrease of 33.27%, and a net profit of 15.94 million yuan, down 48.40% year-on-year [2] Group 3 - In terms of institutional ratings, one institution rated the stock as a buy in the past five days, with the highest target price set at 31.60 yuan by Northeast Securities [3]

Core Viewpoint - The stock of Lushan New Materials experienced an abnormal fluctuation, with a cumulative closing price deviation exceeding 20% over three consecutive trading days from September 1 to September 3, 2025 [1] Company Summary - Lushan New Materials confirmed through self-inspection and communication with its controlling shareholder that there are no undisclosed significant matters or important information [1] - The company's production and operational activities are currently normal, with no major adjustments in market environment or industry policies [1] - There have been no significant fluctuations in production costs or sales, and the internal production and operational order remains stable [1]

Core Viewpoint - The photovoltaic sector shows signs of recovery with significant price increases in various components, indicating a positive shift in the industry's fundamentals [2]. Industry Summary - On September 3, the A market experienced mixed performance across the three major indices, with the photovoltaic concept stocks gaining strength in the afternoon [2]. - Notable stocks such as Shangneng Electric and Kexin Electromechanical hit the daily limit of 20%, while Yangguang Electric surged over 15%. Several other stocks, including Chunxing Precision and Lushan New Materials, also reached their daily limits [2]. - According to a report from Guojin Securities, the photovoltaic industry chain prices showed a clear recovery in July, with a stable outlook in the short term. As of late August, the transaction price of domestic polysilicon dense materials slightly increased compared to the end of the previous month, while prices for monocrystalline silicon wafers and solar cells experienced minor rebounds, and module prices remained stable [2]. - The industry is exhibiting positive changes, with signs of a bottoming out in the market [2].

Core Viewpoint - Guangzhou Lushan New Materials Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from September 1 to September 3, 2025, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange regulations [1] Group 1: Stock Trading Abnormality - The company's stock price increased cumulatively by over 20% during the trading days of September 1, 2, and 3, 2025, indicating abnormal trading activity [1] - The company conducted a self-examination and confirmed that there are no undisclosed significant matters or important information that could affect the stock price [2] Group 2: Operational Status - The company's production and operational activities are reported to be normal, with no significant changes in market conditions or industry policies, and no substantial fluctuations in production costs or sales [2] - There are no major undisclosed matters related to the company's controlling shareholders that could influence the stock price [2] Group 3: Shareholder Activity - During the abnormal trading period, the controlling shareholders did not engage in buying or selling the company's stock [2] - A share reduction plan was disclosed by a related party, Guangzhou Lushan Information Consulting Co., Ltd., with a reduction period from August 13 to November 12, 2025, and a reported average reduction price of 23.28 yuan per share for 100,000 shares, representing 0.0685% of the total share capital [3]

Group 1 - The core point of the article is that Lushan New Materials experienced a significant stock price fluctuation, with a cumulative increase of over 20% in the closing price deviation over three consecutive trading days [2] - The company did not identify any major media reports, market rumors, or trending concepts that could have significantly impacted its stock trading price [2] - On September 2, the company's controlling shareholder, Guangzhou Lushan Information Consulting Co., Ltd., reduced its holdings by 100,000 shares, accounting for 0.07% of the company's total share capital [2]

| | | 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： 广州鹿山新材料股份有限公司（以下简称"公司"或"鹿山新材"）股票 于 2025 年 9 月 1 日、9 月 2 日、9 月 3 日连续三个交易日收盘价格涨幅偏离值累 计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常 波动情形。 经公司自查并向控股股东、实际控制人书面发函查证，截至本公告披露 日，确认不存在应披露而未披露的重大事项或重要信息。 风险提示详见本公告"三、相关风险提示"，公司董事会提醒广大投资者 理性投资，注意投资风险。 一、股票交易异常波动的具体情况 公司股票于 2025 年 9 月 1 日、9 月 2 日、9 月 3 日连续三个交易日收盘价格 涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于 股票交易异常波动情形。 广州鹿山新材料股份有限公司 股票交易异常波动公告 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，公司目前生产经营活动一切正常，市场环境、行业政策没有发 生重大 ...

Core Viewpoint - The stock of Lushan New Materials (603051) experienced a significant price fluctuation, with a cumulative increase of over 20% over three consecutive trading days [1] Summary by Relevant Sections Stock Performance - The stock price of Lushan New Materials showed a cumulative increase of over 20% during the trading days of September 1, 2, and 3 [1] Company Actions - On September 2, the controlling shareholder and concerted actor, Guangzhou Lushan Information Consulting Co., Ltd., reduced its holdings by 100,000 shares, which accounts for 0.07% of the company's total share capital [1] Market Context - The company did not identify any media reports, market rumors, or trending concepts that could significantly impact the stock trading price [1]

Core Viewpoint - The company announced that its stock experienced an abnormal fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from September 1 to September 3, 2025 [1] Company Summary - The company conducted a self-examination and confirmed, after consulting with its controlling shareholder and actual controller, that there are no undisclosed significant matters or important information [1] - The controlling shareholder, Guangzhou Lushan Information Consulting Co., Ltd., reduced its holdings by 100,000 shares on September 2, 2025, which represents 0.0685% of the total share capital [1]