Group 1 - The company has approved the use of idle raised funds for cash management, allowing investments in financial products without affecting project construction and normal operations, with a maximum limit of RMB 200 million [1] - As of the announcement date, the company has redeemed a large deposit certificate from a bank, recovering RMB 20 million and earning RMB 55,100 in interest [2] - The subsidiary, Hanya Semiconductor Materials, has also redeemed a large deposit certificate, recovering RMB 30 million and earning RMB 67,600 in interest, with all funds returned to the special account for raised funds [2][3] Group 2 - The cash management product special settlement accounts have been canceled as there are no further usage plans, following the redemption of the related products [3] - The total balance of temporarily idle raised funds used for cash management is RMB 140 million, with no overdue amounts reported [3][4] - The company also holds an agreement deposit balance of RMB 121.55 million, which is of a current nature and can be accessed as needed [4]

江西江南新材料科技股份有限公司（以下简称"公司"）于 2025 年 4 月 2 日分别召开第二届董事会第十一次会议、第二届监事会第九次会议，审议通过了 《关于使用部分闲置募集资金进行现金管理的议案》，同意公司及子公司在不影 响募集资金投资项目建设和公司正常经营的情况下，使用最高不超过人民币 30,000 万元的部分闲置募集资金进行现金管理，购买安全性高、流动性好的保 本型理财产品或存款类产品（包括但不限于协定性存款、结构性存款、定期存款、 大额存单等），具体内容详见公司 2025 年 4 月 3 日刊登于上海证券交易所网站 （www.sse.com.cn）及公司指定信息披露媒体的《关于使用部分暂时闲置募集资 金进行现金管理的公告》(公告编号：2025-006)。 一、本次使用闲置募集资金进行现金管理到期赎回的情况 证券代码：603124 证券简称：江南新材 公告编号：2025-032 2025 年 5 月 30 日，公司使用闲置募集资金人民币 2,000.00 万元购买浦发 银行南昌经开支行大额存单，截至本公告披露日，公司已赎回上述产品，收回本 金人民币 2,000.00 万元，并获得收益人民币 5.51 万 ...

Core Insights - Jiangnan New Materials saw a stock price increase of 2.97%, reaching 92.7 yuan per share, marking a new all-time high [1] - The company's total market capitalization surpassed 13.51 billion yuan [1] - Trading volume reached 260 million yuan [1]

证券代码：603124 证券简称：江南新材 公告编号：2025-031 江西江南新材料科技股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回的公告 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。 一、本次使用闲置募集资金进行现金管理到期赎回的情况 2025 年 5 月 29 日，公司子公司韩亚半导体材料（贵溪）有限公司（以下简 称"韩亚半导体"）使用闲置募集资金人民币 1,000.00 万元购买中国银河证券 股份有限公司南昌高新大道证券营业部国债逆回购产品，截至本公告披露日，韩 亚半导体已赎回上述产品，收回本金人民币 1,000.00 万元，并获得收益人民币 3.98 万元，上述产品本金及收益均已归还至募集资金专户，具体情况如下： 单位：万元 序号 机构名称 产品名称 购买金额 起始日期 到期日期 赎回本金 金额 实际收 益 1 中国银河证券 股份有限公司 南昌高新大道 证券营业部 国债逆回 购 1,000.00 2025.5.29 2025.8.28 1,000.00 3.98 二、暂时闲置募集资金现金管理总体情况 ...

Core Viewpoint - Jiangnan New Materials (603124) reported a year-on-year increase in total revenue and net profit for the first half of 2025, but showed a decline in profit margins and an alarming level of accounts receivable relative to net profit [1][2]. Financial Performance - Total revenue for the first half of 2025 reached 4.821 billion yuan, a 17.4% increase compared to 4.107 billion yuan in the same period of 2024 [1]. - Net profit attributable to shareholders was 106 million yuan, up 7.38% from 98.33 million yuan in the previous year [1]. - The second quarter alone saw total revenue of 2.556 billion yuan, an 11.04% increase year-on-year, with net profit of approximately 69.05 million yuan, a 5.64% increase [1]. - Gross margin decreased to 3.98%, down 11.77% year-on-year, while net margin fell to 2.19%, down 8.53% [1]. - Total operating expenses (selling, administrative, and financial) amounted to 54.45 million yuan, representing 1.13% of revenue, an increase of 4.76% year-on-year [1]. Balance Sheet and Cash Flow - Cash and cash equivalents increased significantly to 1.008 billion yuan, an 86.97% rise from 539 million yuan [1]. - Accounts receivable rose to 1.583 billion yuan, a 26.27% increase from 1.254 billion yuan, with accounts receivable to net profit ratio reaching 898.11% [1][3]. - Interest-bearing liabilities increased to 1.238 billion yuan, a 54.52% rise from 801 million yuan [1]. - The company reported a negative operating cash flow per share of -4.06 yuan, a slight improvement from -4.07 yuan [1]. Return on Investment - The company's return on invested capital (ROIC) for the previous year was 10.16%, indicating average capital returns [2]. - Historical data shows a median ROIC of 11.47% since the company went public, with the lowest recorded ROIC at 8.34% in 2022 [2].

Group 1 - The metal new materials sector increased by 2.93% compared to the previous trading day, with Jiangnan New Materials leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Group 2 - The net inflow of main funds into the metal new materials sector was 102 million yuan, while speculative funds saw a net inflow of 257 million yuan, and retail investors experienced a net outflow of 359 million yuan [2]

Group 1 - A-shares experienced significant market activity on August 28, with 66 stocks hitting the daily limit up and 9 stocks hitting the limit down [1] - The PCB (Printed Circuit Board) sector showed strong performance, with Jiangnan New Materials achieving a limit up for two consecutive days and Longyang Electronics also hitting the limit up [1] - The CPO (Chip-on-Board) concept gained momentum, highlighted by Tianfu Communication reaching the limit up [1] Group 2 - Notable stocks with consecutive limit ups include Tianpu Co. with five consecutive limit ups and Wantong Development with four limit ups over six days [1] - Other stocks such as Lingyi Technology and Changfei Optical Fiber achieved three limit ups over four days, while Qiming Information and Guoguang Chain saw three consecutive limit ups [1] - On the downside, *ST Gaohong faced a continuous limit down for 14 days, while ST Huayang and *ST Aowei experienced three and two consecutive limit downs, respectively [1]

Group 1 - The company raised a total of RMB 384.04 million through its initial public offering, with a net amount of RMB 331.07 million after deducting issuance costs of RMB 52.97 million [24][25]. - The company has established special accounts for the management of raised funds, ensuring compliance with relevant regulations and protecting investor rights [24][25]. - As of June 30, 2025, the company has not used any idle raised funds to temporarily supplement working capital [7][12]. Group 2 - The company has approved the use of up to RMB 300 million of idle raised funds for cash management, allowing investment in low-risk, liquid financial products [8][9]. - The company has not experienced any changes in the use of raised funds for investment projects during the reporting period [14]. - The company has confirmed that the disclosure of raised funds usage aligns with actual usage, with no violations in storage, usage, or management [15]. Group 3 - The company plans to replace self-raised funds used for investment projects and issuance costs with raised funds, totaling RMB 70.23 million [23][26]. - The company has received verification from the accounting firm regarding the replacement of self-raised funds, confirming compliance with regulations [28][29]. - The board of directors has approved the report on the usage of raised funds and the replacement of self-raised funds [33][36].

Core Viewpoint - Jiangnan New Materials (603124.SH) reported a revenue of 4.821 billion yuan for the first half of 2025, reflecting a year-on-year growth of 17.40% [1] - The company's net profit attributable to shareholders reached 106 million yuan, an increase of 7.38% compared to the previous year [1] - The non-recurring net profit was 92.85 million yuan, showing a growth of 1.78% year-on-year [1] - Basic earnings per share stood at 0.83 yuan [1] Financial Performance - Revenue: 4.821 billion yuan, up 17.40% year-on-year [1] - Net Profit: 106 million yuan, up 7.38% year-on-year [1] - Non-recurring Net Profit: 92.85 million yuan, up 1.78% year-on-year [1] - Basic Earnings per Share: 0.83 yuan [1]

证券代码：603124 证券简称：江南新材 公告编号：2025-030 江西江南新材料科技股份有限公司 关于使用募集资金置换预先投入募投项目及已支付发行费用的 自筹资金的公告 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： 江西江南新材料科技股份有限公司（以下简称"公司"）本次使用募集 资金置换预先已投入募集资金投资项目及已支付发行费用的自筹资金总额为人 民币7,022.67万元，符合募集资金到账后6个月内进行置换的规定。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意江西江南新材料科技股份有限公 司首次公开发行股票注册的批复》（证监许可〔2024〕1805号）同意注册，并 经上海证券交易所同意，公司首次公开发行人民币普通股（A股）3,643.63万股， 每股面值1元，每股发行价格为人民币10.54元，募集资金总额为人民币 38,403.86万元，扣除发行费用人民币5,296.85万元后，募集资金净额为 33,107.01万元。上述募集资金到位情况已经容诚会计师事务所（特殊普通合伙） 验证，并于20 ...