Group 1 - The core viewpoint of the news is that Jinghua New Materials has experienced fluctuations in its stock price and trading activity, with a significant year-to-date increase of 210.36% as of December 3 [1] - As of December 3, Jinghua New Materials' stock price was reported at 27.78 yuan per share, with a total market capitalization of 8.045 billion yuan [1] - The company has seen a net inflow of main funds amounting to 6.7871 million yuan, with large orders contributing significantly to the trading volume [1] Group 2 - For the period from January to September 2025, Jinghua New Materials achieved an operating income of 1.508 billion yuan, reflecting a year-on-year growth of 11.00%, while the net profit attributable to shareholders decreased by 4.36% to 64.0727 million yuan [2] - As of September 30, 2025, the number of shareholders for Jinghua New Materials increased by 14.06% to 14,100, while the average circulating shares per person decreased by 12.33% to 18,412 shares [2] - The company has distributed a total of 96.8481 million yuan in dividends since its A-share listing, with 52.5613 million yuan distributed over the past three years [3]

Core Viewpoint - Jinghua New Materials is an internationally leading adhesive materials company actively expanding into the electronic skin market, which opens up growth opportunities [1] Group 1: Business Strategy - The company focuses on industrial adhesive materials with a development route emphasizing scale, cost-effectiveness, differentiation, and branding [1] - For electronic and functional film materials, the company enhances product quality through precision coating technology and deepens strategic cooperation with clients via embedded R&D [1] - The company innovates in specialty paper by breaking traditional papermaking techniques, continuously improving product functionality, and achieving import substitution effects [1] - In chemical materials, the company strengthens fundamental research to achieve significant advancements in product performance and functionality [1] Group 2: Market Position and Growth Potential - The company is one of the few in China entering the humanoid robot tactile sensor, or electronic skin, sector, leveraging its strong advantages in existing materials [1] - It is anticipated that the company will enter a second growth phase by relying on electronic skin technology, with its valuation being lower than the average of comparable companies [1] - The report initiates coverage with a "Buy" rating for the company [1]

Core Viewpoint - Jinhua New Materials has seen a stock price increase of 5.06% on December 2, reaching 28.42 CNY per share, with a total market capitalization of 8.231 billion CNY, indicating a cumulative increase of 4.93% over three consecutive days [1] Group 1: Company Overview - Jinhua New Materials, established on April 19, 2006, and listed on October 20, 2017, is located in Shanghai and specializes in providing adhesive materials and products to various industrial clients, including mobile phone manufacturers and battery producers [1] Group 2: Shareholder Information - ICBC Credit Suisse Fund's fund, ICBC Yuanxing Mixed Fund (009076), entered the top ten circulating shareholders of Jinhua New Materials in Q3, holding 2.5 million shares, which is 0.97% of the circulating shares, with a floating profit of approximately 3.425 million CNY on the day of reporting [2] - The ICBC Yuanxing Mixed Fund has a total scale of 3.732 billion CNY and has achieved a year-to-date return of 39.18%, ranking 1639 out of 8122 in its category [2] Group 3: Fund Performance - ICBC Industry Preferred Mixed A Fund (014466) holds 69,700 shares of Jinhua New Materials, making it the seventh-largest holding in the fund, with a floating profit of about 95,500 CNY on the reporting day [3] - The ICBC Industry Preferred Mixed A Fund has a total scale of 39.7032 million CNY and has achieved a year-to-date return of 34.29%, ranking 2129 out of 8122 in its category [3]

Group 1 - The company Jinghua New Materials (603683) has disclosed the total number of common stock shareholders in its Q3 2025 report as required [1]

12月1日晶华新材大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 320.00 | 8000.00 | 25.00 | -7.58 | 中国银河证券股份有限公司 | 中信证券股份有限 | | | | | | 北京建国路证券营业部 | 公司上海分公司 | | 160.00 | 4000.00 | 25.00 | -7.58 | 西南证券股份有限公司吉林 | 中信证券股份有限 | | | | | | 分公司 | 公司上海分公司 | | 90.00 | 2250.00 | 25.00 | -7.58 | 西南证券股份有限公司吉林 | 中信证券股份有限 | | | | | | 分公司 | 公司上海分公司 | （文章来源：证券时报网） 证券时报·数据宝统计显示，晶华新材今日收盘价为27.05元，上涨3.24%，日换手率为4.08%，成交额为 3.12亿元，全天主力资金净流出1199 ...

证券日报网讯12月1日，晶华新材（603683）在互动平台回答投资者提问时表示，公司会在定期报告中 披露相应时点的股东信息。 ...

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [3]. Core Viewpoints - The company is positioned as a leading player in adhesive materials, with a strong presence in various downstream industries such as automotive and electronics [1][13]. - The establishment of a new subsidiary focused on electronic skin technology indicates the company's strategic expansion into emerging markets, particularly in humanoid robotics [2][3]. - The financial forecasts suggest steady revenue growth, with projected revenues of 2.01 billion, 2.23 billion, and 2.50 billion yuan for 2025, 2026, and 2027, respectively, alongside significant profit growth [3][4]. Summary by Sections Company Overview - Founded in 2006 and listed in 2017, the company has evolved into a high-tech enterprise specializing in various adhesive materials, with a focus on R&D, production, and sales [1][13]. - The product portfolio includes industrial adhesives, electronic adhesives, optical adhesive films, specialty papers, and chemical materials, catering to diverse sectors such as construction, 3C electronics, and automotive [1][46]. Market Position and Growth Potential - The company is recognized as a leader in the industrial adhesive segment, with a strong market share in products like masking tape, which is widely used in construction and automotive applications [2][46]. - The optical adhesive film, particularly OCA, is highlighted for its applications in new display technologies, with expectations for significant market growth driven by trends in flexible displays and automotive screens [30][39]. Financial Performance and Projections - The company has shown a steady increase in revenue, with total revenue expected to rise from 1.56 billion yuan in 2023 to 2.50 billion yuan by 2027, reflecting a compound annual growth rate [4][21]. - Net profit is projected to grow significantly, with estimates of 0.86 billion, 1.18 billion, and 1.55 billion yuan for 2025, 2026, and 2027, respectively, indicating a robust recovery and profitability trajectory [3][4]. Strategic Initiatives - The launch of Beijing Jingzhigan New Materials Co., Ltd. marks the company's entry into the electronic skin market, focusing on multi-modal flexible tactile sensors for various applications [2][3]. - The company aims to leverage its existing material advantages to capture growth opportunities in the electronic skin sector, which is expected to see increased demand in robotics and consumer electronics [2][3].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 第3笔成交价格为25.00元，成交320.00万股，成交金额8,000.00万元，溢价率为-7.58%，买方营业部为中 国银河证券股份有限公司北京建国路证券营业部，卖方营业部为中信证券股份有限公司上海分公司。 进一步统计，近3个月内该股累计发生36笔大宗交易，合计成交金额为2.91亿元。该股近5个交易日累计 上涨5.13%，主力资金合计净流出881万元。 责任编辑：小浪快报 12月1日，晶华新材收涨3.24%，收盘价为27.05元，发生3笔大宗交易，合计成交量570万股，成交金额 1.43亿元。 第1笔成交价格为25.00元，成交160.00万股，成交金额4,000.00万元，溢价率为-7.58%，买方营业部为西 南证券股份有限公司吉林分公司，卖方营业部为中信证券股份有限公司上海分公司。 第2笔成交价格为25.00元，成交90.00万股，成交金额2,250.00万元，溢价率为-7.58%，买方营业部为西 南证券股份有限公司吉林分公司，卖方营业部为中信证券股份有限公司上海分公司。 ...

证券代码：603683 证券简称：晶华新材 公告编号：2025-093 上海晶华胶粘新材料股份有限公司 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。 重要内容提示： 会议召开时间：2025 年 12 月 9 日 （星期二） 14:00-15:00 三、 参加人员 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：上证路演中心网络文字互动 投资者可于 2025 年 12 月 2 日（星期二）至 12 月 8 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 zijie.chen@smithcn.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。 上海晶华胶粘新材料股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 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， ...

Industry Overview - Aluminum foil tape is a composite tape made from aluminum foil as the substrate, coated with high-performance pressure-sensitive adhesives such as acrylic or rubber. Its core features include high temperature resistance, corrosion resistance, strong conductivity, and excellent sealing and shielding properties [1][2][5] - The aluminum foil tape industry chain consists of upstream raw materials (aluminum foil, pressure-sensitive adhesives, release paper), midstream production, and downstream applications across various sectors including construction, automotive, packaging, consumer electronics, rail transportation, and new energy [1][5][6] Market Performance - In 2023, China's aluminum foil tape sales volume exceeded 400 million square meters, with a projected increase to 420 million square meters in 2024, representing a small market share of 0.97% of total adhesive tape sales [1][10] - The sales revenue for aluminum foil tape in China is expected to reach 3 billion yuan in 2024, reflecting a year-on-year growth of 7.1% from 2023, and accounting for 4.1% of total adhesive tape sales revenue, which is higher than its sales volume share [1][11] Pricing Trends - From 2020 to 2024, the average selling price of aluminum foil tape in China has remained stable, ranging from 7.0 yuan/square meter to 7.5 yuan/square meter. The average price for 2024 is projected to be 7.14 yuan/square meter, significantly higher than the overall adhesive tape average price of 1.68 yuan/square meter, indicating a higher added value [1][12] Competitive Landscape - The domestic aluminum foil tape manufacturing sector is characterized by a large number of dispersed companies, including foreign firms like 3M and local companies such as Bont Technology, Meiyuan Industrial, and Yongguan New Materials. The market is highly competitive, with a growing emphasis on product R&D and customized solutions [1][12] - Bont Technology has emerged as a significant player, holding a market share of 12.6% in 2024, an increase of 0.9 percentage points from 2023, driven by its technological capabilities and strategic insights [1][13] Future Trends - The aluminum foil tape industry is expected to expand beyond traditional applications in packaging and construction, with increasing use in sectors such as new energy vehicles, 5G communications, and healthcare. Companies will focus on enhancing technological R&D, improving product quality, and participating in international market competition [1][14] - The industry is likely to see accelerated consolidation, with leading companies expanding market share through mergers and technological upgrades, resulting in increased market concentration [1][14]