Core Insights - Hengxing New Materials reported that as of October 31, 2025, the number of shareholders is 12,017 [2] Company Summary - Hengxing New Materials has engaged with investors through an interactive platform, providing updates on shareholder numbers [2] - The company is actively communicating with its investors, indicating a focus on transparency and shareholder engagement [2]

Core Points - The stock of Hengxing New Materials (603276) closed at 17.55 yuan on November 4, 2025, with a market capitalization of 3.644 billion yuan, reflecting a 0.52% increase from the previous trading day [1] - The company announced it received a government subsidy of 4.5 million yuan, which is 12.91% of the audited net profit attributable to shareholders for the fiscal year 2024 [1] - The subsidy is expected to impact the company's pre-tax profit for 2025 by the same amount of 4.5 million yuan, with the final financial impact to be confirmed by the annual audit [1] Financial Performance - The stock opened at 17.52 yuan, reached a high of 17.8 yuan, and a low of 17.41 yuan on the same day [1] - The trading volume was 37.7349 million yuan, with a turnover rate of 2.84% [1] Government Subsidy - The government subsidy received is categorized according to the relevant accounting standards, specifically the "Accounting Standard for Enterprises No. 16 - Government Subsidies" [1] - The company’s board of directors has assured the accuracy and completeness of the announcement regarding the subsidy [1]

Core Points - The company, Hengxing New Materials (603276.SH), recently received a government subsidy of 4.5 million yuan [1] - This subsidy is related to revenue and represents 12.91% of the company's audited net profit attributable to shareholders for the fiscal year 2024 [1] - The expected impact of this government subsidy on the company's pre-tax profit for the fiscal year 2025 is also 4.5 million yuan [1]

Group 1 - Core viewpoint: Hengxing New Materials (SH 603276) announced a government subsidy of 4.5 million yuan on November 4, indicating support for the company amid its operations [1] - Revenue composition for Hengxing New Materials for the year 2024 is as follows: 98.09% from the manufacturing of chemical raw materials and chemical products, and 1.91% from other businesses [1] - As of the report date, Hengxing New Materials has a market capitalization of 3.6 billion yuan [1] Group 2 - The industry is experiencing a significant surge, with overseas orders increasing by 246%, covering over 50 countries and regions [1] - Entrepreneurs have raised concerns about potential vicious competition expanding overseas, as some are selling at a loss [1]

江苏恒兴新材料科技股份有限公司（以下简称"公司"）近日收到政府补助 款 450 万元。上述政府补助与收益相关，补助金额占公司 2024 年度经审计归属 于上市公司股东净利润的 12.91%。 二、补助的类型及其对上市公司的影响 公司根据《企业会计准则第 16 号——政府补助》等有关规定确认上述事项 并划分补助类型，本次获得政府补助预计对公司 2025 年度税前利润产生的影响 为 450 万元。最终对公司 2025 年度财务状况的影响以会计师事务所年度审计结 果为准，敬请广大投资者注意投资风险。 三、备查文件 证券代码：603276 证券简称：恒兴新材 公告编号：2025-088 江苏恒兴新材料科技股份有限公司 关于获得政府补助的公告 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、获取补助的基本情况 特此公告。 江苏恒兴新材料科技股份有限公司董事会 2025年11月5日 1 1、收款凭证。 ...

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 ...