Group 1 - The core viewpoint of the news is that institutional investors hold a significant portion of Sanxiang New Materials' shares, with a total of 2.52 billion shares, accounting for 59.61% of the total share capital as of October 29, 2025 [1] - The proportion of shares held by institutional investors increased by 0.32 percentage points compared to the previous quarter [1] - Among public funds, one fund, Zhonghang New Start Flexible Allocation Mixed A, increased its holdings by 0.84% compared to the previous period [1] Group 2 - Three new public funds were disclosed this period, including Dongfang Alpha Industry Pioneer Mixed A, Taiping Fengtai One-Year Open-End Bond Initiated Fund, and Furong Fuxin Mixed A [1] - A total of 65 public funds were not disclosed in this period compared to the previous quarter, including funds like Yongying Intelligent Leading A and ICBC New Energy Vehicle Mixed A [1] - One social security fund, the National Social Security Fund 116 Combination, was not disclosed in this period compared to the previous quarter [2]

Core Viewpoint - Sanxiang New Materials (603663.SH) reported a slight increase in revenue and net profit for the first three quarters of 2025, indicating stable performance despite market challenges [1] Financial Performance - The company achieved a total operating revenue of 858 million yuan, representing a year-on-year growth of 0.96% [1] - The net profit attributable to shareholders reached 77.96 million yuan, reflecting a year-on-year increase of 1.34% [1] - Basic earnings per share were reported at 0.18 yuan [1]

Core Viewpoint - Sanxiang New Materials is a significant player in the zirconium-based industrial materials sector in China, with a strong market share in sponge zirconium and a focus on emerging application scenarios, showcasing notable technological and market advantages [1] Group 1: Business Performance - In Q3 2025, Sanxiang New Materials reported revenue of 858 million yuan, ranking 8th among 10 companies in the industry, with the top company, Zhongyan Chemical, achieving 8.773 billion yuan [2] - The revenue breakdown shows that zirconium series products generated 474 million yuan, accounting for 84.25% of total revenue, while casting modification materials contributed 62.7 million yuan (11.16%) [2] - The net profit for the same period was 77.33 million yuan, placing the company 7th in the industry, with the leading company, Su Yan Jingshen, reporting a net profit of 417 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 34.65%, higher than the industry average of 31.20% [3] - The gross profit margin for Q3 2025 was 24.29%, which, despite being lower than the previous year's 26.50%, remains above the industry average of 23.23% [3] Group 3: Management Compensation - The chairman, Xia Peng, received a salary of 800,100 yuan in 2024, an increase of 164,000 yuan from the previous year [4] - The general manager, Xia Ruiqi, saw his salary rise from 425,000 yuan in 2023 to 521,500 yuan in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.81% to 33,700, while the average number of shares held per shareholder decreased by 2.74% to 12,500 shares [5] - Notable changes in the top ten circulating shareholders include new entries from two funds, while Hong Kong Central Clearing Limited exited the list [5] Group 5: Market Position and Future Outlook - Sanxiang New Materials holds a market share of over 50% in sponge zirconium, with sales of nearly 1,400 tons in the first half of 2025, and is exploring new applications such as zirconium-based amorphous alloys for foldable screen hinges [6] - The company is also developing zirconium solid electrolyte projects, with small batch supplies of zirconium chloride to solid-state battery factories [6] - The industrialization of zirconium-hafnium separation technology commenced on August 1, 2025, which is expected to contribute significantly to future earnings [6] - Forecasts suggest that the company will achieve net profits of 140 million, 300 million, and 425 million yuan for 2025, 2026, and 2027, respectively, with corresponding EPS of 0.33, 0.71, and 1.00 yuan [6]

浙商证券股份有限公司 关于三祥新材股份有限公司使用闲置募集资金暂时 补充流动资金的核查意见 浙商证券股份有限公司（以下简称"浙商证券"或"保荐机构"）作为三祥 新材股份有限公司非公开发行股票（以下简称"三祥新材"或"公司"）的保荐 机构，根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规则》 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，对三祥新材使用非公开发行股票的闲置募集资金 暂时补充流动资金事项进行了审慎核查，并出具核查意见如下： 二、前次使用部分闲置募集资金临时补充流动资金的情况 公司于 2024 年 9 月 19 日召开第五届董事会第三次临时会议，审议通过了 《关于公司使用非公开发行股票的闲置募集资金暂时补充流动资金的议案》，同 意公司使用不超过人民币 7,500 万元闲置募集资金暂时补充流动资金，使用期限 自公司董事会审议通过之日起不超过 12 个月。该次暂时补充流动资金已于 2025 年 9 月 17 日全部归还至募集资金专用账户。具体内容详见公司于 2025 年 9 月 18 日披露在上海证券交易所网站（www.sse.com. ...

证券代码：603663 证券简称：三祥新材 公告编号：2025-067 三祥新材股份有限公司 关于开立募集资金临时补流专项账户并签订募集资 金专户存储三方监管协议的公告 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、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于核准 三祥新材股份有限公司非公开发行股票的批复》（证监许可[2021]749 号）文核准， 三祥新材股份有限公司（以下简称"三祥新材"、"公司"）向特定对象发行人民 币普通股 A 股 11,066,398 股，发行价格为人民币 19.88 元/股，本次募集资金总 额 219,999,992.24 元。扣除相关承销保荐费后的余额人民币 216,886,784.69 元已 于 2021 年 9 月 3 日汇入公司募集资金专户。本次募集资金总额扣除发行费用（不 含税）人民币 3,923,647.49 元后，募集资金净额为人民币 216,076,344.75 元。上 述募集资金已于 2021 年 9 月 6 日经中审众环会计师事务所（特殊 ...

证券代码：603663 证券简称：三祥新材 公告编号：2025-066 三祥新材股份有限公司 关于公司计提资产减值准备的公告 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。 三祥新材股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开了 第五届董事会第十二次会议，审议通过了《关于公司计提资产减值准备的议案》， 为客观反映本公司资产状况和经营成果，确保会计信息真实可靠，公司按照《企 业会计准则》及公司相关财务会计制度的规定，拟对存在减值迹象的资产进行减 值测试，计提减值准备。现将本次计提减值准备的具体情况公告如下： 一、本次计提资产减值情况概述 （一）本次计提资产减值的原因 根据《企业会计准则》和公司会计政策等相关规定，为真实、准确地反映公 司截至 2025 年 9 月 30 日的财务状况，基于谨慎性原则，公司对合并报表范围内 截至 2025 年 9 月 30 日存在减值迹象的资产进行减值测试，对发生资产减值损失 的相关资产计提减值准备。 （二）计提资产减值准备的资产范围和总金额 公司及合并报表范围内子公司对 ...

证券代码：603663 证券简称：三祥新材 公告编号：2025-068 三祥新材股份有限公司 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。 三祥新材股份有限公司（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 月 14 日（星期五）09:00-10:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 重要内容提示： 一、说明会类型 会议召开时间：2025 年 11 月 14 日 （星期五） 09:00-10:00 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 会议召开地点：上海证券交易所上证路演中心（网址：https://roadsh ow.sseinfo.com ...

证券代码：603663 证券简称：三祥新材 公告编号：2025-065 三祥新材股份有限公司 关于使用闲置募集资金暂时补充流动资金的公告 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： ●公司使用闲置募集资金不超过 5,000 万元暂时补充流动资金，使用期限自 公司董事会审议批准之日起不超过 12 个月。 三祥新材股份有限公司（以下简称"三祥新材"、"公司"）于 2025 年 10 月 28 日召开了第五届董事会第十二次会议，会议审议通过了《关于公司使用非 公开发行股票的闲置募集资金暂时补充流动资金的议案》。根据中国证券监督管 理委员会（以下简称"中国证监会"）《上市公司监管指引第 2 号——上市公司 募集资金管理和使用的监管要求》、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》及《公司章程》等有关规定，本次使用非公开发行股票的部 分闲置募集资金临时补充流动资金事项无需提交公司股东大会审议。具体情况公 告如下： 一、募集资金基本情况 （一）募集资金情况 （二）募集资金投资项目基本情况 单位：万元 ...

证券代码：603663 证券简称：三祥新材 公告编号：2025-064 三祥新材股份有限公司 第五届董事会第十二次会议决议公告 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 2025 年 10 月 28 日，三祥新材股份有限公司（以下简称"公司"）以现场结 合通讯表决方式召开了第五届董事会第十二次会议。有关会议召开的通知，公司 已于 2025 年 10 月 18 日以现场送达和邮件等方式送达各位董事。本次会议由公 司董事长夏鹏先生主持，会议应出席董事 9 人，实际出席董事 9 人，其中 3 名董 事以现场方式书面表决，6 名董事以通讯方式表决，公司部分高级管理人员列席 了本次会议。本次会议的召集、召开和表决程序符合《中华人民共和国公司法》 和《三祥新材股份有限公司章程》的有关规定，会议合法、有效。 二、董事会会议审议情况 1、审议通过《关于公司 2025 年第三季度报告的议案》 本议案已经公司第五届董事会审计委员会审议通过。 2、审议通过《关于公司使用非公开发行股票的闲置募集资金暂时补充流动 资金的议 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥296,174,452.26, representing a year-on-year increase of 21.66%[4]. - The total profit for the period reached ¥35,078,344.77, a significant increase of 279.79% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥33,048,620.54, reflecting a year-on-year growth of 133.44%[4]. - The net profit excluding non-recurring gains and losses was ¥32,480,035.02, up 126.80% year-on-year[5]. - Total operating revenue for the first three quarters of 2025 reached CNY 858.23 million, a slight increase from CNY 850.06 million in the same period of 2024, representing a growth of approximately 0.14%[19]. - Net profit for the first three quarters of 2025 was CNY 77.33 million, a decrease from CNY 79.83 million in 2024, reflecting a decline of approximately 3.13%[20]. - Other comprehensive income after tax for the first three quarters of 2025 was CNY 8.63 million, compared to a loss of CNY 3.93 million in 2024, showing a significant turnaround[20]. Assets and Liabilities - The company's total assets increased by 4.71% to ¥2,145,043,565.47 compared to the end of the previous year[5]. - The total assets as of September 30, 2025, amounted to RMB 2,145,043,565.47, an increase from RMB 2,048,468,378.57 at the end of 2024[14]. - Current assets reached RMB 897,053,933.06, up from RMB 765,870,756.23 in the previous year, indicating a growth of approximately 17.1%[14]. - The total liabilities increased to CNY 743.18 million in 2025 from CNY 677.28 million in 2024, representing an increase of approximately 9.7%[19]. - Non-current assets totaled RMB 1,247,989,632.41, down from RMB 1,282,597,622.34, indicating a decrease of approximately 2.7%[15]. Shareholder Information - The company reported a total of 33,720 common shareholders at the end of the reporting period[11]. - Major shareholders include Japan's Eisho Trading Co., Ltd. with a 20.1% stake and Ningde City Huifu Investment Co., Ltd. with a 17.12% stake[11]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥68,664,575.44[5]. - The net cash flow from operating activities improved significantly to CNY 68.66 million in 2025, compared to CNY 6.08 million in 2024, indicating a substantial increase in operational efficiency[22]. - The total cash inflow from operating activities was CNY 834.02 million in 2025, down from CNY 930.59 million in 2024, indicating a decrease of approximately 10.3%[22]. - The net cash flow from investment activities was -$7,282,929.68, compared to -$72,639,420.81 in the previous period, indicating an improvement[23]. - The net cash flow from financing activities was -$31,111,737.50, contrasting with a positive flow of $80,538,742.46 in the prior year[23]. Expenses - Total operating costs increased to CNY 762.60 million in 2025 from CNY 740.57 million in 2024, marking an increase of about 2.03%[19]. - Research and development expenses for the first three quarters of 2025 were CNY 29.87 million, down from CNY 34.49 million in 2024, showing a decrease of about 13.4%[19]. Government Support - The company received government subsidies amounting to ¥1,333,406.23 during the period, which positively impacted the financial results[7].