Core Viewpoint - Jiangnan New Materials (603124) reported strong financial performance for Q3 2025, indicating robust growth in both revenue and net profit [1] Financial Performance - The company's Q3 2025 revenue reached 2.748 billion yuan, representing a year-on-year increase of 20.03% [1] - Net profit for Q3 2025 was 59.65 million yuan, showing a significant year-on-year growth of 60.5% [1] - For the first three quarters of 2025, total revenue amounted to 7.569 billion yuan, reflecting an 18.34% year-on-year increase [1] - The net profit for the first three quarters of 2025 was 165 million yuan, which is a year-on-year growth of 21.95% [1]

Core Insights - Jiangnan New Materials (603124.SH) reported a total operating revenue of 7.569 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 18.34% [1] - The net profit attributable to shareholders of the parent company reached 165 million yuan, marking a year-on-year increase of 21.95% [1] - The basic earnings per share stood at 1.24 yuan [1]

二、关于公司聘任证券事务代表的情况 2025 年 10 月 28 日，公司召开第二届董事会第十五次会议，审议通过《关 于聘任证券事务代表的议案》，同意聘任周池先生（简历详见附件）担任公司证 券事务代表，协助董事会秘书开展工作，任期自本次董事会审议通过之日起至第 二届董事会任期届满之日止。周池先生具备担任证券事务代表所必需的专业知识、 工作经验和相关素养，其任职资格符合《公司法》《上海证券交易所股票上市规 则》等相关法律法规和规范性文件的规定。 证券代码：603124 证券简称：江南新材 公告编号：2025-038 江西江南新材料科技股份有限公司 关于变更证券事务代表的公告 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、关于公司证券事务代表辞职的情况 江西江南新材料科技股份有限公司（以下简称"公司"）董事会于近日收到 公司证券事务代表靳盘飞先生的辞职报告，靳盘飞先生因个人原因申请辞去公司 证券事务代表职务，辞职后靳盘飞先生将不再担任公司任何职务。靳盘飞先生的 辞职报告自送达董事会之日起生效。 靳盘飞先生在担任公司证券事务代 ...

证券代码：603124 证券简称：江南新材 公告编号：2025-037 江西江南新材料科技股份有限公司 第二届董事会第十五次会议决议公告 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、董事会会议召开情况 江西江南新材料科技股份有限公司（以下简称"公司"）于 2025 年 10 月 23 日以电子邮件方式发出第二届董事会第十五次会议通知，会议于 2025 年 10 月 28 日以现场结合通讯表决的方式召开。本次会议应出席董事 9 人，实际参加表 决董事 9 人，会议由董事长徐上金先生主持。会议的召集和召开符合《中华人民 共和国公司法》等有关法律、法规和规范性文件及公司章程的规定。 二、董事会会议审议情况 （一）审议通过《关于 2025 年第三季度报告的议案》 公司 2025 年第三季度报告严格按照《上海证券交易所股票上市规则》等有 关规定进行编制。报告内容真实、准确、完整，不存在任何虚假记载、误导性陈 述或者重大遗漏。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 （二）审议通过《关于聘任证券事务代表的议案》 同意 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥2,747,682,225.17, representing a year-on-year increase of 20.03%[4] - The total profit for the quarter was ¥69,375,747.77, reflecting a significant increase of 65.84% compared to the same period last year[4] - The net profit attributable to shareholders was ¥59,650,855.83, which is a 60.50% increase year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥57,525,758.15, showing a remarkable growth of 92.81% compared to the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥7,568,811,030.77, an increase of 18.4% compared to ¥6,395,651,635.35 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was ¥165,239,935.39, compared to ¥135,493,188.00 in 2024, representing a year-on-year increase of 22.0%[23] - The total comprehensive income for the first three quarters of 2025 was ¥165,254,982.54, compared to ¥135,493,188.00 in 2024, indicating an increase of 22.0%[24] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,526,170,901.17, marking a 35.38% increase from the end of the previous year[5] - The company's total liabilities increased to ¥2,729,112,305.86 in 2025 from ¥1,988,670,245.95 in 2024, marking a growth of 37.3%[19] - Current liabilities totaled ¥2,506,949,540.68 in 2025, up from ¥1,856,962,104.17 in 2024, indicating a rise of 35.0%[19] - The company's total equity reached ¥1,797,058,595.31 in 2025, an increase from ¥1,354,659,212.34 in 2024, reflecting a growth of 32.6%[19] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at -¥388,502,562.77[4] - The net cash flow from operating activities was -388,502,562.77, an improvement from -904,480,885.82 in the previous period, indicating a reduction in cash outflow[26] - Total cash inflow from investing activities was 247,577,242.88, compared to 147,850,010.81 in the prior period, showing a significant increase[26] - The net cash flow from investing activities was -473,248,269.23, worsening from -120,399,620.49 previously, reflecting increased investment expenditures[26] - Cash inflow from financing activities totaled 3,070,843,086.77, up from 2,101,582,971.67, indicating strong financing efforts[27] - The net cash flow from financing activities was 966,426,980.08, slightly improved from 905,032,797.32 in the last period, suggesting stable financing operations[27] - The cash and cash equivalents at the end of the period amounted to 194,757,211.20, a significant increase from 34,609,252.39 previously[27] Shareholder Information - The company reported a total of 9,904 common shareholders at the end of the reporting period[12] - There are no significant changes in the top ten shareholders or their shareholding status due to margin trading activities[14] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥37,841,058.35, compared to ¥23,095,721.37 in 2024, showing a significant increase of 63.8%[22] Other Information - The company has not disclosed any new product developments or market expansion strategies during the reporting period[15] - The company has not provided any future performance guidance or outlook in the current report[15] - The financial statements for the period are unaudited, indicating that the figures may be subject to change upon final audit[15] - The company's current assets as of September 30, 2025, total RMB 4,154,513,306.88, an increase from RMB 3,009,104,207.06 as of December 31, 2024, representing a growth of approximately 38%[16] - Cash and cash equivalents increased to RMB 1,288,703,652.35 from RMB 711,566,565.81, showing a growth of about 81%[16] - Accounts receivable rose to RMB 1,649,593,502.18 from RMB 1,336,117,352.64, indicating an increase of approximately 23%[17] - Inventory increased to RMB 583,396,653.42 from RMB 549,787,573.04, reflecting a growth of about 6%[17] - Total assets reached RMB 4,526,170,901.17, up from RMB 3,343,329,458.29, marking an increase of approximately 35%[17] - The company reported a significant increase in other non-current assets, rising to RMB 28,634,122.40 from RMB 5,856,201.13, which is an increase of over 387%[17] - The company received 353,685,488.09 in cash from investment absorption, indicating active capital raising efforts[26] - Cash paid for purchasing fixed assets and other long-term assets was 70,095,380.94, down from 79,071,982.83, reflecting a decrease in capital expenditures[26] - The company paid 1,333,200,102.49 in cash for debt repayment, which increased from 852,389,875.90, indicating higher debt servicing costs[27] - The impact of exchange rate changes on cash and cash equivalents was 2,591,718.31, contrasting with -3,502,203.32 in the previous period, showing a positive effect from currency fluctuations[27]

江南新材公告，第三季度营收为27.48亿元，同比增长20.03%；净利润为5965.09万元，同比增长 60.50%。前三季度营收为75.69亿元，同比增长18.34%；净利润为1.65亿元，同比增长21.95%。 ...

Group 1 - Jiangnan New Materials experienced a stock price increase of 6.39% on October 27, with a trading volume of 391 million yuan [1] - The company had a net financing outflow of 12.57 million yuan on the same day, with a total financing and margin balance of 100 million yuan, representing 3.72% of its market capitalization [1] - Jiangnan New Materials specializes in the research, production, and sales of copper-based new materials, with its main revenue sources being copper ball series (78.30%), copper oxide powder series (17.26%), and others [1] Group 2 - As of June 30, Jiangnan New Materials had 24,900 shareholders, a decrease of 11.37% from the previous period, while the average circulating shares per person increased by 12.82% to 1,148 shares [2] - For the first half of 2025, the company reported a revenue of 4.821 billion yuan, a year-on-year increase of 17.40%, and a net profit attributable to shareholders of 106 million yuan, up 7.38% year-on-year [2] Group 3 - Since its A-share listing, Jiangnan New Materials has distributed a total of 53.93 million yuan in dividends [3]

Core Points - The Shanghai Composite Index closed at 3950.31 points, above the five-day moving average, with a gain of 0.71% [1] - The total trading volume of A-shares reached 1,991.617 billion yuan [1] - A total of 681 A-shares have prices that surpassed the five-day moving average, indicating positive market momentum [1] Stock Performance Summary - The top three stocks with the highest deviation rates from the five-day moving average are: - Kexiang Co., Ltd. (300903) with a deviation rate of 13.92% and a daily increase of 20.00% [2] - Aerospace Intelligent Equipment (300455) with a deviation rate of 13.15% and a daily increase of 19.98% [2] - Anhui Instrument Technology (688600) with a deviation rate of 10.85% and a daily increase of 14.27% [2] - Other notable stocks include: - Shenkong Co., Ltd. (688233) with a deviation rate of 10.55% and a daily increase of 17.34% [2] - Hengshuo Co., Ltd. (688416) with a deviation rate of 9.57% and a daily increase of 18.08% [2] - Lianyun Technology (688449) with a deviation rate of 9.44% and a daily increase of 13.22% [2]

Core Insights - The metal new materials sector experienced a rise of 2.15% on October 24, with Jiangnan New Materials leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Sector Performance - Jiangnan New Materials (603124) saw a closing price of 86.88, with a significant increase of 10.00% and a trading volume of 32,100 lots, resulting in a transaction value of 269 million [1] - Other notable performers included: - Srey New Materials (688102) with a closing price of 18.38, up 6.12% [1] - Jinli Permanent Magnet (300748) at 39.98, up 5.54% [1] - Shenzhen New Star (603978) at 22.73, up 5.43% [1] Capital Flow - The metal new materials sector saw a net inflow of 71.13 million from institutional investors, while retail investors contributed a net inflow of 63.34 million [2] - Notably, there was a net outflow of 134 million from speculative funds [2] Individual Stock Capital Flow - Jinli Permanent Magnet (300748) had a net inflow of 1.13 billion from institutional investors, but a net outflow of 1.35 billion from retail investors [3] - Jiangnan New Materials (603124) experienced a net inflow of 4267.81 million from institutional investors, with a significant net outflow from retail investors [3] - Other stocks like Zhenghai Magnetic Materials (300224) and Galaxy Magnet (300127) also showed varied capital flows, indicating mixed investor sentiment [3]

Market Overview - The metal new materials sector experienced a decline of 1.41% on October 23, with Xinlaifu leading the drop [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Notable gainers in the metal new materials sector included: - Zhongzhou Special Materials (300963) with a closing price of 23.14, up 3.21% and a trading volume of 604,700 shares, totaling 1.361 billion yuan [1] - Tianli Composite (920576) closed at 30.51, up 0.93% with a trading volume of 25,900 shares [1] - Platinum New Materials (300811) closed at 72.51, up 0.92% with a trading volume of 85,100 shares [1] - Major decliners included: - Xinlaifu (301323) closed at 64.22, down 6.95% with a trading volume of 86,100 shares [2] - Antai Technology (000969) closed at 20.18, down 5.39% with a trading volume of 2,151,700 shares, totaling 4.403 billion yuan [2] - Ni'an New Materials (688786) closed at 29.69, down 3.13% with a trading volume of 25,200 shares [2] Capital Flow - The metal new materials sector saw a net outflow of 690 million yuan from institutional investors, while retail investors contributed a net inflow of 668 million yuan [2] - The capital flow for specific stocks showed: - Zhongzhou Special Materials had a net outflow of 31.87 million yuan from institutional investors [3] - Platinum New Materials experienced a net inflow of 31.67 million yuan from institutional investors [3] - Other stocks like Jiangnan New Materials (603124) and Huada New Materials (605158) also showed varied capital flows with net inflows and outflows from different investor types [3]