Core Viewpoint - Hengxing New Materials, established in December 2006 and listed on the Shanghai Stock Exchange in September 2023, is a leading domestic producer of specialty chemicals with a diverse product range and certain international competitiveness [1] Group 1: Business Overview - The company primarily engages in the research, production, and sales of fine chemical products such as organic ketones, acids, and esters [1] - Hengxing New Materials is classified under the basic chemicals industry, specifically in chemical products and other chemical products [1] Group 2: Financial Performance - For Q3 2025, Hengxing New Materials reported revenue of 606 million yuan, ranking 48th among 79 companies in the industry, while the industry leader, Sinochem International, achieved revenue of 35.716 billion yuan [2] - The net profit for the same period was approximately 40.48 million yuan, placing the company 45th in the industry, with the top performer, Hangyang Co., reporting a net profit of 850 million yuan [2] Group 3: Financial Ratios - The company's debt-to-asset ratio stood at 8.13% in Q3 2025, significantly lower than the industry average of 34.74%, indicating strong solvency [3] - The gross profit margin for Hengxing New Materials was 17.22%, which, while improved from 13.39% year-on-year, remains below the industry average of 19.93% [3] Group 4: Management and Shareholder Information - The chairman, Zhang Qian, received a salary of 664,300 yuan in 2024, an increase of 93,500 yuan from 2023 [4] - The company’s largest shareholder is Yixing Zhonggang Investment Co., Ltd., with actual controllers including Wu Ye and Zhang Jianbin [4] Group 5: Shareholder Dynamics - As of September 30, 2025, the number of A-share shareholders decreased by 0.29% to 11,800, while the average number of circulating A-shares held per shareholder increased by 0.29% to 6,400.6 [5] - Among the top ten circulating shareholders, Guotai Junan Innovation Growth Mixed Fund increased its holdings by 739,500 shares [5] Group 6: Business Highlights and Risks - Hengxing New Materials is focusing on carbon-based chemicals, with a projected sales growth of over 30% for its main products in 2024 [6] - The company is also expanding into daily chemical products, with water-based sunscreen products currently in the pilot testing phase [6] - The product applications are diverse, covering areas such as green herbicides, lithium battery electrolytes, and green food and feed additives [6]

Investment Rating - The report does not explicitly state the investment rating for Hanson Advanced Materials Core Insights - The company specializes in carbon-based chemicals, which create distinctive advantages and are positioned for growth in various downstream applications such as green herbicides, lithium battery electrolytes, and high-grade environmental solvents [2][4][6] - The company has achieved over 30% sales growth in its main business products for 2024 compared to the previous year, indicating strong market demand and operational efficiency [4][8] Product Applications - Downstream products are primarily used in green herbicides, lithium battery electrolytes, green food and feed additives, essence and spices, high-grade environmental solvents, and pharmaceutical intermediates [2][6] - Key intermediates for green herbicides include 3-pentanone and methyl isopropyl ketone, which are used to produce efficient and low-toxicity herbicides [2][6] Product Composition and Production - The company's product range includes organic ketones, organic esters, organic acids, acid anhydrides, and fatty acid salts, with a focus on high added value and large downstream market space [4][8] - Main raw materials for production include propionic acid, isobutyraldehyde, n-butyraldehyde, acetic acid, and others, showcasing a diverse supply chain [4][8] Market Trends and Innovations - The company is actively developing water-based sunscreen agents and surfactants, responding to increasing consumer demand for safety and functionality in daily chemical products [4][8]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][3]. Financial Data - The financial statements for the third quarter are unaudited, covering the period from the beginning to the end of the quarter [3][5]. - The report includes major accounting data and financial indicators, but specific figures are not provided in the excerpts [3][6]. Shareholder Information - There is no change in the number of shareholders or significant changes in the top ten shareholders compared to the previous period [4]. Other Important Information - There are no additional reminders or important information regarding the company's operating conditions during the reporting period [5].

Core Viewpoint - Hengxing New Materials (603276.SH) reported a year-on-year increase in revenue and net profit for Q3 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company's operating revenue for Q3 2025 was 214 million yuan, representing a year-on-year increase of 2.87% [1] - The net profit attributable to shareholders of the listed company was 11.36 million yuan, showing a significant year-on-year increase of 320.18% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 9.00 million yuan, reflecting an impressive year-on-year increase of 8726.12% [1]

证券代码：603276 证券简称：恒兴新材 公告编号：2025-086 江苏恒兴新材料科技股份有限公司 1 会议召开时间：2025年11月25日（星期二）上午10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com） 会议召开方式：上证路演中心网络互动 投资者可于2025年11月18日（星期二）至11月24日（星期一）16:00前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 JSHX001@zhgchem.com进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 关于召开 2025 年第三季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 江苏恒兴新材料科技股份有限公司（以下简称"公司"）已于2025年10月 30日发布公司《2025年第三季度报告》，为便于广大投资者更全面深入地了解 公司2025年第三季度经营成果、财务状况，公司计划于2025年11 ...

单位：吨、万元 | 主要产品 | 2025年1-9月产量 | 2025年1-9月销量 | 2025年1-9月销售金额 | | --- | --- | --- | --- | | 有机酮类 | 11,493.14 | 8,260.29 | 16,157.22 | | 有机酯类 | 22,872.01 | 21,956.43 | 24,071.76 | | 有机酸类 | 31,275.87 | 13,216.14 | 11,053.59 | 二、主要产品和原材料的价格变动情况 1、主要产品的价格变动情况 证券代码：603276 证券简称：恒兴新材 公告编号：2025-085 江苏恒兴新材料科技股份有限公司 2025 年第三季度主要经营数据公告 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。 江苏恒兴新材料科技股份有限公司（以下简称"公司"）根据《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》之《第十三号——化 工》要求，现将2025年第三季度主要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 单位：万元/ ...

江苏恒兴新材料科技股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开第二届董事会第二十三次会议、第二届监事会第十八次会议，审议通过了 《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司使用最高额 度不超过人民币 49,000.00 万元的暂时闲置募集资金（含超募资金）进行现金管 理。上述投资额度自公司董事会审议通过之日起 12 个月内有效，公司可在上述 额度及期限内滚动使用投资额度。具体内容详见公司 2025 年 8 月 27 日于上海证 券交易所网站（www.sse.com.cn）披露的《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：2025-063）。 近日，公司在宁波银行股份有限公司宜兴支行开设了募集资金理财产品专用 结算账户。现就相关事项公告如下： 一、开设募集资金理财产品专用结算账户的情况 公司开设募集资金理财产品专用结算账户的具体情况如下： | 江苏恒兴新材料科 | 宁波银行股份有限 | 86023000001409236 | 募集资金理财 | | --- | --- | --- | --- | | 账户名称 技股份有限公司 | 开户行 公司宜兴支行 ...

江苏恒兴新材料科技股份有限公司 2025 年第三季度报告 证券代码：603276 证券简称：恒兴新材 江苏恒兴新材料科技股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 214,019,294.48 | 2.87 | 606 ...

证券日报网讯 10月27日晚间，恒兴新材（603276）发布公告称，公司于2025年10月27日召开了职工代 表大会，经与会职工代表审议，选举盛裕明先生为公司第二届董事会职工代表董事。 ...

江苏恒兴新材料科技股份有限公司 年报信息披露重大差错责任追究制度 江苏恒兴新材料科技股份有限公司 年报信息披露重大差错责任追究制度 第一章 总则 第一条 为进一步增强江苏恒兴新材料科技股份有限公司（以下简称"公 司"）信息披露的真实性、准确性、完整性和及时性，提高公司年度报告（以下 简称"年报"）信息披露的质量和透明度，强化信息披露责任意识，根据《中华 人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）、《上市公司信息披露管理办法》、《上海证券交 易所股票上市规则》等有关法律、法规、规范性文件和《江苏恒兴新材料科技股 份有限公司章程》（以下简称"《公司章程》"）等有关规定，结合公司实际情 况，制定本制度。 第二条 本制度所称责任追究，是指由于相关人员不履行或不正确履行职责 或由于其他个人原因发生失职、渎职、失误等行为，造成年报信息披露发生重大 差错或其他不良影响的，公司应当追究其行政责任、经济责任。 本制度所称年报信息披露的重大差错，是指年度财务报告存在重大会计差 错、其他年报信息披露存在重大错误或重大遗漏、业绩预告或业绩快报存在重大 差异等情形，或出现被证券监 ...