Group 1 - Jiangnan New Materials has seen a stock price increase of 5.21% on December 25, reaching 86.50 CNY per share, with a trading volume of 341 million CNY and a turnover rate of 13.98%, resulting in a total market capitalization of 12.607 billion CNY [1] - The stock has experienced a continuous rise for six days, accumulating a total increase of 20.06% during this period [1] - Jiangnan New Materials, established on July 26, 2007, specializes in the research, production, and sales of copper-based new materials, with its main business revenue composition being 78.30% from copper ball series, 17.26% from copper oxide powder series, and 1.74% from high-precision copper-based heat sinks [1] Group 2 - Changsheng Fund has a significant holding in Jiangnan New Materials, with its Changsheng Craftsmanship Research Mixed A Fund (014885) holding 25,500 shares, accounting for 2.39% of the fund's net value, ranking as the tenth largest holding [2] - The fund has realized a floating profit of approximately 109,100 CNY today and a total of 350,200 CNY during the six-day increase [2] - The Changsheng Craftsmanship Research Mixed A Fund was established on July 5, 2022, with a current scale of 63.4632 million CNY, achieving a year-to-date return of 30.19% and a one-year return of 27.45% [2]

证券代码：603124 证券简称：江南新材 公告编号：2025-047 江西江南新材料科技股份有限公司 单位：万元 关于使用部分闲置募集资金进行现金管理提前赎回并注销部分募集 资金现金管理产品专用结算账户的公告 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。 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 ...

Core Viewpoint - Jiangnan New Materials plans to invest approximately 300 million yuan in a high-end copper-based core material R&D and industrialization project to optimize its product layout and accelerate transformation and upgrading to meet future development needs [1] Group 1: Investment and Project Details - The project will cover an area of about 320 acres and include the construction of smart manufacturing facilities, advanced production equipment, and modern office, R&D, dormitory, and warehouse buildings [1] - The main products of the project will include copper ball series and high-precision copper-based heat sink series [1] Group 2: Market Demand and Growth - Jiangnan New Materials has seen increasing market demand for its core products, including copper balls, copper oxide powder, and high-precision copper-based heat sinks, driven by advancements in AI, automotive electronics, high-speed optical modules, and satellite communications [2] - The rapid development of the renewable energy sector, particularly in the photovoltaic field, is also boosting demand for copper-based new materials [2] Group 3: Product Development and Innovation - The company is enhancing its R&D capabilities and production efficiency through the new project, which aims to improve automation and reduce production costs [3] - Jiangnan New Materials is focusing on high-end product development, with its microcrystalline phosphorus copper balls achieving a copper content exceeding 99.93% and grain size smaller than 50μm, setting industry-leading standards [4] - The company’s electronic-grade copper oxide powder has an oxidation content exceeding 99.3%, meeting higher industry standards and ensuring efficient and environmentally friendly production processes [5]

Core Viewpoint - Jiangnan New Materials experienced a stock price increase of 2.46% on December 18, with a trading volume of 498 million yuan, indicating positive market sentiment towards the company [1]. Financing Summary - On December 18, Jiangnan New Materials had a financing buy amount of 46.86 million yuan, with a financing repayment of 40.77 million yuan, resulting in a net financing buy of 6.08 million yuan. The total financing and securities balance reached 124 million yuan, accounting for 5.51% of the circulating market value [1][2]. - The company repaid 2,500 shares of securities on the same day, with a securities sell amount of 7718 yuan, and a remaining securities balance of 100 shares valued at 7718 yuan [2]. Company Overview - Jiangnan New Materials, established on July 26, 2007, and listed on March 20, 2025, is located in Yingtan City, Jiangxi Province. The company specializes in the research, production, and sales of copper-based new materials [2]. - The revenue composition of Jiangnan New Materials includes: copper ball series (78.30%), copper oxide powder series (17.26%), other products (2.66%), high-precision copper-based heat sinks (1.74%), and copper material trading (0.01%) [2]. Financial Performance - For the period from January to September 2025, Jiangnan New Materials achieved an operating income of 7.569 billion yuan, representing a year-on-year growth of 18.34%. The net profit attributable to the parent company was 165 million yuan, reflecting a year-on-year increase of 21.95% [2]. - The company has distributed a total of 53.93 million yuan in dividends since its A-share listing [2]. Shareholder Information - As of September 30, 2025, Jiangnan New Materials had 9,904 shareholders, a decrease of 60.29% from the previous period. The average circulating shares per person increased by 156.98% to 2,950 shares [2]. - The top ten circulating shareholders include several new institutional investors, with the largest being Huaxia Industry Prosperity Mixed A, holding 1.6299 million shares [3].

Investment Overview - The company plans to invest approximately 300 million RMB in a high-end copper-based core material R&D and industrialization project in Yingtan High-tech Industrial Development Zone [2][4] - The investment will be funded through the company's own or self-raised funds, with the final investment amount subject to actual expenditures [2][12] - The project will cover an area of about 320 acres and will include the construction of smart manufacturing facilities and the purchase of advanced production equipment [4][8] Project Details - The project aims to enhance the company's production capabilities, improve automation and smart manufacturing levels, and meet the growing market demand for copper-based new materials [10][11] - The main products of the project will include copper ball series and high-precision copper-based heat sink series [8] - The company has already signed contracts with relevant authorities for land acquisition and project implementation, although the specific progress remains uncertain [9][19] Strategic Importance - This investment aligns with the company's strategic development needs and aims to optimize its copper-based new material industry layout [4][19] - The project is expected to improve the company's overall competitiveness and operational efficiency, thereby enhancing its ability to meet market demands [11][19] - The company has established a strong foundation in technology R&D and production processes, which supports the feasibility of this project [10][11]

Core Viewpoint - Jiangnan New Materials plans to invest approximately 300 million yuan in a high-end copper-based core material R&D and industrialization project to enhance production efficiency and reduce costs [1] Group 1: Investment and Projects - The investment will be used for equipment procurement and site construction, funded by self-owned or self-raised capital [1] - Jiangnan New Materials is accelerating the construction of a 12,000-ton electronic-grade copper oxide powder project, with an investment of 179 million yuan, aimed at optimizing the product structure [3] Group 2: Financial Performance - In the first three quarters of the year, the company achieved a revenue of 7.569 billion yuan, a year-on-year increase of 18.34%, and a net profit attributable to shareholders of 165 million yuan, up 21.95% [2] - In the third quarter alone, revenue reached 2.748 billion yuan, growing 20.03% year-on-year, with a net profit of 59.65 million yuan, an increase of 60.5% [2] Group 3: Product Development and Market Position - The company is focusing on expanding new markets and applications for copper-based new materials, with significant growth in its product lines, including a 50.95% increase in revenue from the copper oxide powder series [2] - Jiangnan New Materials has established stable partnerships with several well-known PCB manufacturers, enhancing its market position [1]

Company Announcements - Guo Xin Technology's former actual controller Chen Chongjun was sentenced to six years in prison and fined 4 million yuan for manipulating the securities market [2] - Zhongwei Company is planning to acquire the controlling stake in Hangzhou Zhonggui, leading to a stock suspension [3] - Xusheng Group's controlling shareholder is planning a change of control, resulting in a stock suspension [4] - Yidong Electronics' major shareholders reduced their holdings by 2.3463 million shares between December 10 and December 17 [5] - Nandu Power's controlling shareholder has terminated plans for a change of control, leading to stock resumption [6] - Xibu Mining's subsidiary obtained a mining license for a site with 2.86 tons of gold metal [8] Financial Adjustments - Shandong Highway plans to provision for a long-term equity investment impairment of approximately 690 million yuan related to Dongxing Securities [8] - WuXi AppTec's third and fourth largest shareholders reduced their holdings by a total of 29.508 million shares between November 26 and December 17 [9] Investments and Partnerships - Weixinno plans to sign an investment cooperation agreement to advance the Hefei 8.6 generation AMOLED production line project with a capital of 9.443 billion yuan [10] - Jiangnan New Materials is investing 300 million yuan to build a high-end copper-based core material R&D and industrialization project [15] Shareholding Changes - Sichuan Road and Bridge received a stake increase from Zhongyou Insurance, raising its holding to 5% [11] - Lidasin's fifth largest shareholder reduced their holdings by 1.56% between December 10 and December 17 [12] - Ruicheng Environmental Protection's shareholder plans to reduce their holdings by up to 3% [17] Dividends and Profit Distribution - Haitian Flavoring plans to maintain a cash dividend ratio of no less than 80% for the next three years (2025-2027) [13] - CICC announced a cash dividend distribution of 434 million yuan for the first half of 2025, with a record date of December 26 [14] Financing and Listings - Baipusais plans to issue H-shares and list on the Hong Kong Stock Exchange [21]

Core Insights - The article discusses the performance of newly listed stocks since February 17, 2023, highlighting the significant price increases on their first trading days [3][4]. Group 1: Stock Performance - The top-performing new stock is C沐園-U, which had an initial price of 104.66 and closed at 829.90, marking a closing increase of 692.95% [4]. - 摩尔线程-U follows with an initial price of 114.28 and a closing price of 600.50, resulting in a 425.46% increase [4]. - 长联科技, with an initial price of 21.12, closed at 381.00, reflecting a remarkable increase of 1,703.98% [4]. - 红四方 saw its stock rise from an initial price of 7.98 to a closing price of 160.99, achieving a closing increase of 1,917.42% [4]. - 中国瑞林's stock increased from 20.52 to 99.90, resulting in a closing increase of 386.84% [5]. Group 2: Trading Volume and Price Fluctuations - The highest intraday price increase was observed in 托普云农, which had a maximum price of 170.00, reflecting an intraday increase of 1,072.41% from its initial price of 14.50 [6]. - The stock with the highest trading volume was C沐園-U, with 395,170 shares traded on its first day [4]. - The stock with the second-highest trading volume was 摩尔线程-U, with 286,860 shares traded [4].

Group 1 - Jiangnan New Materials plans to invest approximately 300 million yuan in a high-end copper-based core material R&D and industrialization project in Yingtan High-tech Industrial Development Zone, funded by self-owned or self-raised capital [1] - The investment aims to enhance the company's intelligent automation production level, achieve intensive production and office operations, improve overall operational efficiency, reduce production costs, and increase scale efficiency [1] - Jiangnan New Materials was listed on the Shanghai Stock Exchange in March this year, focusing on R&D, production, and sales of electronic circuit copper-based new materials, with core products including copper ball series, copper oxide powder series, and high-precision copper-based heat sinks [1] Group 2 - The global PCB industry is expected to experience structural growth in 2025, driven by the dual demand from AI computing power and the intelligentization of new energy vehicles, providing market opportunities for Jiangnan New Materials [2] - The company reported a revenue of 3.775 billion yuan from copper ball products in the first half of the year, an increase of 8.7% year-on-year; revenue from copper oxide powder series reached 832 million yuan, up 50.95%; and high-precision copper-based heat sink series generated 84.11 million yuan, with a staggering growth of 596.16% [2] - In the first three quarters, Jiangnan New Materials achieved a revenue of 7.569 billion yuan, a year-on-year increase of 18.34%, and a net profit of 165 million yuan, up 21.95% [2] Group 3 - Jiangnan New Materials is accelerating the construction of a 12,000-ton electronic-grade copper oxide powder project, a R&D center, and a marketing center, with the copper oxide powder project planned to invest 179 million yuan [3] - The project aims to enrich the company's product matrix and optimize the existing product structure, with future applications of copper oxide powder in lithium battery PET composite copper foil manufacturing and organic silicon monomer synthesis catalysts [3]

证券代码：603124 证券简称：江南新材 公告编号：2025-046 江西江南新材料科技股份有限公司 交易实施尚需履行的审批及其他相关程序 本次对外投资未达到股东会审议标准 其它需要提醒投资者重点关注的风险事项 对外投资公告 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： 投资标的名称：高端铜基核心材料研发及产业化项目 投资金额：项目总投资金额约 3 亿元人民币，最终投资总额以实际投 资为准，资金来源为公司自有或自筹资金。 1、本投资项目是基于公司战略发展的需要及对铜基新材料行业发展的判断， 但铜基新材料行业的发展趋势、市场变化、价格波动等外部因素和公司内部管理、 工艺技术等均存在一定的不确定性，可能对投资项目的建设运营和预期效益产生 不确定影响。公司将审慎、按计划有序地实施投资，力争获得良好的投资回报。 2、本投资项目的建设尚需进行环评、安评、建设规划许可等审批程序，如 遇国家或地方有关政策调整、项目审批等实施程序条件发生变化等情形，本项目 实施可能存在变更、延期、中止或终止的风险，项目实施进程存在不确定性 ...