Market Overview - On August 28, the non-metal materials sector rose by 1.18%, with Quartz Co. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Key stocks in the non-metal materials sector showed varied performance: - Quartz Co. (603688) closed at 40.53, up 2.58% with a trading volume of 190,000 shares [1] - Lianrui New Materials (688300) closed at 59.79, up 2.56% with a trading volume of 121,100 shares [1] - Other notable stocks included: - Bingyang Technology (836675) at 12.42, up 1.22% [1] - Qilu Huaxin (830832) at 8.45, up 0.60% [1] - Strength Diamond (301071) at 30.99, up 0.42% [1] Capital Flow - The non-metal materials sector experienced a net outflow of 205 million yuan from institutional investors, while retail investors saw a net inflow of approximately 85.69 million yuan [2] - The capital flow for key stocks included: - Quartz Co. had a net inflow of 2.34 million yuan from institutional investors [3] - Longgao Co. (605086) saw a net outflow of 1.28 million yuan from institutional investors [3] - Strength Diamond experienced a significant net outflow of 20.80 million yuan from institutional investors [3]

Company Overview - Quartz Co., Ltd. is located in Lianyungang City, Jiangsu Province, and was established on April 23, 1999. The company was listed on October 31, 2014. Its main business involves the research, production, and sales of high-purity quartz sand, quartz tubes (rods, plates, ingots, and cylinders), quartz crucibles, and other quartz materials, primarily used in light sources, photovoltaics, semiconductors, and optical fibers [1][2]. Financial Performance - As of June 30, 2025, Quartz Co. reported a revenue of 515 million yuan, a year-on-year decrease of 30.13%. The net profit attributable to the parent company was 107 million yuan, down 58.41% year-on-year [2]. - The company has distributed a total of 3.374 billion yuan in dividends since its A-share listing, with 2.945 billion yuan distributed over the past three years [3]. Stock Performance - On August 28, 2023, the stock price of Quartz Co. increased by 2.02%, reaching 40.31 yuan per share, with a trading volume of 310 million yuan and a turnover rate of 1.43%. The total market capitalization stood at 21.835 billion yuan [1]. - Year-to-date, the stock price has risen by 41.24%, but it has decreased by 5.26% over the last five trading days. In the last 20 days, the stock increased by 15.30%, and over the last 60 days, it rose by 24.45% [1]. Shareholder Information - As of June 30, 2025, the number of shareholders of Quartz Co. was 63,700, an increase of 10.64% from the previous period. The average number of circulating shares per shareholder was 8,509, a decrease of 9.61% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 8.003 million shares, a decrease of 2.6924 million shares from the previous period. Southern CSI 500 ETF held 4.0076 million shares, an increase of 574,900 shares [3].

Core Points - The company, Jiangsu Pacific Quartz Co., Ltd., will hold a half-year performance briefing on September 5, 2025, to discuss its operating results and financial status for the first half of 2025 [1][2][3] - The briefing will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [2][3] - Key personnel attending the meeting include the Chairman, General Manager, Secretary of the Board, Financial Officer, and an Independent Director [2] Meeting Details - **Date and Time**: September 5, 2025, from 10:00 to 11:00 [2] - **Location**: Shanghai Stock Exchange Roadshow Center [2] - **Participation Method**: Investors can log in to the Roadshow Center to participate and ask questions [2][3] Investor Engagement - Investors can submit questions from August 29, 2025, to September 4, 2025, through the Roadshow Center or via the company's email [3] - The company will address commonly asked questions during the briefing [2][3] Contact Information - **Contact Person**: Board Office [3] - **Phone**: 0518-87018519 [3] - **Email**: dsh@quartzpacific.com [3]

投资者可于 2025 年 08 月 29 日（星期五）至 09 月 04 日（星期四）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 dsh@quartzpacific.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。 江苏太平洋石英股份有限公司（以下简称"公司"）已于 2025 年 08 月 23 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年上半年经营成果、财务状况，公司计划于 2025 年 09 月 05 日（星期五） 10:00-11:00 举行 2025 半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 证券代码：603688 证券简称：石英股份 公告编号：临 2025-032 江苏太平洋石英股份有限公司 关于召开 2025 年半年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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 ...

沪指8月26日下跌0.39%，申万所属行业中，今日上涨的有17个，涨幅居前的行业为农林牧渔、美容护 理，涨幅分别为2.62%、2.04%。基础化工行业位居今日涨幅榜第三。跌幅居前的行业为医药生物、非 银金融，跌幅分别为1.09%、1.06%。 资金面上看，两市主力资金全天净流出688.55亿元，主力资金净流入的行业仅有2个，美容护理行业净 流入资金2.76亿元;农林牧渔行业净流入资金2.57亿元。 主力资金净流出的行业有29个，有色金属行业主力资金净流出规模居首，全天净流出资金107.12亿元， 其次是医药生物行业，净流出资金为82.54亿元，净流出资金较多的还有国防军工、非银金融、电力设 备等行业。 603181 皇马科技 10.03 5.59 11999.80 601216 君正集团 4.98 2.47 11536.78 基础化工行业今日上涨1.26%，全天主力资金净流出8.58亿元，该行业所属的个股共402只，今日上涨的 有256只，涨停的有9只;下跌的有133只，跌停的有1只。以资金流向数据进行统计，该行业资金净流入 的个股有177只，其中，净流入资金超亿元的有7只，净流入资金居首的是中核钛白，今日净 ...

Investment Rating - The report maintains an investment rating of "Synchronize with the market - A" for the electric equipment and new energy industry [1]. Core Viewpoints - The report highlights that the electric equipment and new energy industry has shown stable market performance over the past year, with key developments including the establishment of national technical standards for humanoid robots led by UBTECH and the ongoing discussions to prevent price wars in the photovoltaic sector [1][3][4]. Summary by Sections Preferred Stocks - The report lists several preferred stocks with their ratings, including: - Aishuo Co., Ltd. (600732.SH) - Buy - B - Longi Green Energy (601012.SH) - Buy - B - Daqian Energy (688303.SH) - Buy - B - Fulete (601865.SH) - Buy - A - Hengdian East Magnet (002056.SZ) - Buy - A - Sungrow Power Supply (300274.SZ) - Buy - A - Canadian Solar (688472.SH) - Buy - A - Deyang Co., Ltd. (605117.SH) - Buy - A - Langxin Group (300682.SZ) - Buy - B - Quartz Co., Ltd. (603688.SH) - Buy - A [2]. Industry Developments - UBTECH has led the approval of two national standards for humanoid robots, focusing on positioning navigation and human-machine interaction [3]. - A meeting held by the Ministry of Industry and Information Technology emphasized the importance of maintaining fair competition in the photovoltaic industry and called for the orderly exit of outdated production capacity [5]. - The China Photovoltaic Industry Association has proposed initiatives to strengthen industry self-discipline and maintain a fair market order [4]. Price Tracking - The report provides price tracking for various components in the photovoltaic supply chain: - Polysilicon prices remain stable at 44.0 CNY/kg [6]. - Silicon wafer prices are stable, with N-type wafers priced at 1.20 CNY/piece [7]. - Battery cell prices are also stable, with N-type cells priced at 0.290 CNY/W [8]. - Module prices for TOPCon dual-glass components are stable at 0.685 CNY/W [8]. - Glass prices for photovoltaic applications remain unchanged [8]. Investment Recommendations - The report recommends focusing on companies in various strategic directions: - BC new technology: Aishuo Co., Ltd., Longi Green Energy - Supply-side improvement: Daqian Energy, Fulete - Overseas layout: Hengdian East Magnet, Sungrow Power Supply, Canadian Solar, Deyang Co., Ltd. - Market-oriented electricity: Langxin Group - Domestic substitution: Quartz Co., Ltd. [9].

基础化工行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 603688 | 石英股份 | -4.17 | 5.78 | -27216.34 | | 600143 | 金发科技 | -1.39 | 5.22 | -25122.52 | | 000818 | 航锦科技 | 1.99 | 16.03 | -14818.16 | | 300665 | 飞鹿股份 | -16.73 | 31.21 | -14548.85 | | 301076 | 新瀚新材 | -5.09 | 15.85 | -13693.54 | | 300505 | 川金诺 | -0.51 | 10.36 | -9938.62 | | 300539 | 横河精密 | -5.04 | 9.91 | -9627.63 | | 688716 | 中研股份 | -6.90 | 16.18 | -9072.49 | | 300174 | 元力股份 | -2.13 | 5.05 | -8772.18 | | 002915 | 中欣氟材 ...

Market Overview - The non-metal materials sector experienced a decline of 0.52% on August 26, with Quartz Co. leading the drop [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Individual Stock Performance - Quartz Co. (603688) closed at 40.47, down 4.17% with a trading volume of 313,300 shares [1] - Ningxin New Materials (839719) closed at 16.14, down 1.82% with a trading volume of 44,800 shares [1] - Lianrui New Materials (688300) closed at 62.96, down 1.01% with a trading volume of 58,300 shares [1] - Dongfang Xiayuan (832175) closed at 12.86, down 1.00% with a trading volume of 33,100 shares [1] - Power Diamond (301071) closed at 31.54, down 0.76% with a trading volume of 48,800 shares [1] - Kuncai Technology (603826) closed at 20.60, down 0.68% with a trading volume of 58,500 shares [1] - Qilu Huaxin (830832) closed at 8.71, down 0.46% with a trading volume of 24,900 shares [1] - Bingyang Technology (836675) closed at 12.80, up 0.87% with a trading volume of 21,500 shares [1] - Tianma New Materials (838971) closed at 39.39, up 2.15% with a trading volume of 65,900 shares [1] - Longgao Co. (605086) closed at 29.34, up 2.48% with a trading volume of 59,100 shares [1] Capital Flow Analysis - The non-metal materials sector saw a net outflow of 168 million yuan from institutional investors, while retail investors contributed a net inflow of 148 million yuan [1] - Speculative funds recorded a net inflow of 19.89 million yuan into the sector [1]

Investment Rating - The report maintains a positive outlook on the building materials sector, highlighting potential opportunities in both "grouping" and "switching" strategies within the industry [2][11]. Core Insights - The building materials market is experiencing a shift in focus, with technology stocks gaining momentum while the building materials sector presents viable options for investment [2]. - The report emphasizes the importance of monitoring production capacity and quality improvements in key segments such as electronic fabrics and Q fabrics, which are expected to see increased demand due to advancements in AI and PCB technologies [3][4]. - The report identifies a growing confidence in infrastructure projects in regions like Xinjiang and Tibet, driven by government investments and the necessity of transportation infrastructure [11][12]. - The consumer building materials segment is showing signs of recovery, with expectations of improved revenue performance as the market stabilizes [24][25]. Summary by Sections Grouping in Building Materials - The electronic fabric sector is expected to maintain its performance, with leading companies like Zhongcai Technology reporting strong sales and production growth [3]. - The AI industry's production expectations are advancing, with key suppliers anticipating increased output of Q fabrics by the end of the year [4]. - The report highlights the importance of monitoring the production capacity and quality of Q fabrics, which will determine the actual supply capabilities of companies [4]. Switching in Building Materials - Infrastructure projects in Xinjiang and Tibet are gaining traction, with significant government backing and a strong demand for cement due to the region's unique geographical advantages [11][12]. - The consumer building materials sector is entering a recovery phase, with sales and construction data indicating a bottoming out of the market [13][14]. - The report notes that the cement industry is poised for potential growth, driven by policy improvements and governance enhancements [15][29]. Cement Industry - The cement sector is entering a peak season, but market performance remains subdued due to high comparative bases from the previous year [29][30]. - The report emphasizes the importance of policy measures to limit overproduction in the cement industry, which could enhance profitability [30][33]. - Companies like Conch Cement and Huaxin Cement are highlighted for their strong cash flow and potential for shareholder returns [34][38]. Glass Industry - The float glass market is experiencing price stabilization, with environmental regulations expected to impact production costs [40][41]. - The report indicates that the glass industry is facing cash flow challenges, with many companies operating at a loss [42]. - Companies like Xinyi Glass are expected to maintain competitive positions despite market pressures, with a focus on improving operational efficiency [43]. Photovoltaic Glass - The photovoltaic glass segment is seeing a decline in inventory levels, with prices remaining stable amid increased demand from downstream component manufacturers [48]. - The report notes that while domestic prices are under pressure, overseas markets are performing better, which could benefit leading companies in the sector [49]. Fiberglass - The fiberglass market is characterized by a divergence in production and sales, with electronic fabrics maintaining a favorable outlook [50].

Core Insights - The company Quartz Co., Ltd. (603688) reported a significant decline in its financial performance for the first half of 2025, with total revenue of 515 million yuan, down 30.13% year-on-year, and a net profit attributable to shareholders of 107 million yuan, down 58.41% [1] Financial Performance Summary - Total revenue for the first half of 2025 was 515 million yuan, a decrease from 737 million yuan in the same period of 2024, reflecting a decline of 30.13% [1] - Net profit attributable to shareholders was 107 million yuan, down from 257 million yuan in 2024, marking a 58.41% decrease [1] - The gross profit margin fell to 38.35%, down 29.03% year-on-year, while the net profit margin decreased to 20.27%, down 42.22% [1] - The total of financial, sales, and administrative expenses reached 55.42 million yuan, accounting for 10.76% of total revenue, an increase of 57.09% year-on-year [1] - Earnings per share dropped to 0.20 yuan, down 57.45% from 0.47 yuan in the previous year [1] Cash Flow and Asset Changes - Cash and cash equivalents decreased by 31.53%, attributed to reduced income and increased raw material purchases [3] - Accounts receivable decreased by 25.08%, while accounts payable decreased by 22.58% due to payments made [6] - The net cash flow from operating activities saw a drastic decline of 111.73%, primarily due to decreased sales revenue and payments for materials [9] Investment and Financing Activities - The net cash flow from investing activities increased by 58.76%, due to a reduction in net investment in financial products compared to the previous year [9] - The net cash flow from financing activities rose by 94.18%, attributed to a decrease in dividends compared to the previous year [10] Market Position and Analyst Expectations - Analysts project that the company's performance for 2025 will reach approximately 359 million yuan, with an average earnings per share estimate of 0.67 yuan [13] - The company's return on invested capital (ROIC) was reported at 4.66% for the previous year, indicating a generally weak capital return trend [11]