Core Viewpoint - KunCai Technology (603826.SH) reported a year-on-year revenue increase of 7.85% for the first three quarters of 2025, reaching 856 million yuan, while the net profit attributable to shareholders rose by 1.13% to 61.0737 million yuan, with basic earnings per share at 0.0932 yuan [1] Financial Performance - Total operating revenue for the first three quarters of 2025 was 856 million yuan, reflecting a year-on-year growth of 7.85% [1] - Net profit attributable to the parent company's shareholders was 61.0737 million yuan, showing a year-on-year increase of 1.13% [1] - Basic earnings per share stood at 0.0932 yuan [1]

Core Points - The company, Kuncai Technology, announced on October 24 that it conducted an asset impairment test to accurately reflect its financial status and operating results for the period from January to September 2025 [1] - The company recognized an impairment provision totaling 31.6192 million yuan based on the results of the asset impairment test [1] - Additionally, the company disposed of certain non-current assets, resulting in a net loss of 457,900 yuan from asset disposal [1]

Company Overview - Kuncai Technology (SH 603826) announced its fourth board meeting on October 24, 2025, where it reviewed proposals including asset impairment provisions and asset write-offs [1] - As of the report, Kuncai Technology has a market capitalization of 12.1 billion yuan [1] Revenue Composition - For the year 2024, Kuncai Technology's revenue composition is as follows: - Pearl pigment sales account for 90.5% - Titanium dioxide accounts for 7.86% - Other products account for 0.84% - Iron oxide accounts for 0.71% - Other business segments account for 0.1% [1]

证券代码： 603826 证券简称： 坤彩科技 公告编号：2025-044 福建坤彩材料科技股份有限公司 关于计提资产减值准备及核销资产的公告 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。 为客观、公允、准确地反映公司 2025 年 1-9 月财务状况和经营成果，根据《企 业会计准则》及公司会计政策的相关规定，基于谨慎性原则，公司对各项需要计 提减值的资产进行了清查，并按资产类别进行了减值测试，根据测试结果计提减 值准备共计 3,161.92 万元，对部分非流动资产进行了报废、核销处置，产生资产 处置净损失 45.79 万元。减值准备计提具体情况如下： 单位：人民币万元 | 序号 | 资产类别 | | 本期资产减值准备增加金额 | | | --- | --- | --- | --- | --- | | | | 本期计提 | 本期转回 | 合计 | | 1 | 应收款项 | 496.93 | / | 496.93 | | 2 | 存货 | 2,664.99 | / | 2,664.99 | | | 合计 | 3,161.92 ...

证券代码： 603826 证券简称： 坤彩科技 公告编号：2025-044 福建坤彩材料科技股份有限公司 关于 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 10 月 30 日（星期四）15:00-16:00 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 10 月 23 日（星期四）至 10 月 29 日（星期三）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 securities@fjkuncai.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。 福建坤彩材料科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 25 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 ...

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。 福建坤彩材料科技股份有限公司（以下简称"公司"）第四届董事会第十七次会 议的通知于 2025 年 10 月 18 日以微信、电话、电子邮件等方式送达公司全体董事，会 议于 2025 年 10 月 24 日在全资子公司正太新材料科技有限责任公司办公楼三楼会议室 以现场结合通讯表决方式召开。本次会议由公司董事长谢秉昆先生召集并主持，应出 席董事 5 人，实际出席董事 5 人（其中张强先生、房桃峻先生、Yining Zhang 先生以 通讯表决方式出席会议），公司高级管理人员列席会议。本次会议的召开符合有关法 律、法规、规范性文件和《公司章程》的有关规定，会议形成的决议合法有效。经与 会董事认真审议，以记名投票表决方式表决通过了如下决议： 一、审议通过《2025 年第三季度报告》 证券代码： 603826 证券简称： 坤彩科技 公告编号：2025-042 福建坤彩材料科技股份有限公司 第四届董事会第十七次会议决议公告 本议案具体内容详见同日刊登于《中国证券报》《上海证券报》《证券时报》 ...

Financial Performance - The company's operating revenue for the third quarter was ¥283,513,030.71, an increase of 8.33% compared to the same period last year[4] - The total profit for the quarter was ¥14,697,692.85, representing a decrease of 21.83% year-on-year[4] - The net profit attributable to shareholders was ¥11,661,869.20, down 28.21% from the previous year[4] - The basic earnings per share for the quarter was ¥0.0178, a decrease of 28.21% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥855,920,133.50, an increase of 7.85% compared to ¥793,607,978.93 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was ¥69,520,521.38, compared to ¥64,756,541.71 in 2024, marking an increase of 7.25%[18] - The company reported a comprehensive income total of ¥80,976,090.47 for the first three quarters of 2025, compared to ¥61,459,714.00 in 2024, representing an increase of 31.67%[18] Cash Flow - The cash flow from operating activities increased significantly by 170.21% to ¥119,420,357.07 for the quarter[4] - The significant increase in cash flow from operating activities was primarily due to a rise in cash received from sales and a decrease in cash paid for purchases[9] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 715,055,449.66, an increase of 8.2% compared to CNY 660,646,821.90 in the same period of 2024[20] - The net cash flow from operating activities turned positive at CNY 111,125,127.84, compared to a negative CNY 48,614,271.54 in the first three quarters of 2024[20] - Cash outflow for purchasing goods and services decreased to CNY 396,159,571.15 from CNY 507,732,686.23, a reduction of approximately 22%[20] - The ending cash and cash equivalents balance increased to CNY 38,122,867.21 from CNY 34,466,575.18 year-over-year[21] Assets and Liabilities - Total assets at the end of the quarter were ¥4,978,519,683.18, reflecting a 2.29% increase from the end of the previous year[5] - The total assets as of September 30, 2025, amounted to ¥4,978,519,683.18, compared to ¥4,866,895,368.59 at the end of 2024, indicating a growth of 2.29%[15] - Total liabilities as of September 30, 2025, were ¥3,008,856,494.44, slightly up from ¥2,977,234,430.82 at the end of 2024, reflecting an increase of 1.36%[15] - The company's total non-current assets were ¥3,217,500,117.78 as of September 30, 2025, compared to ¥3,218,349,674.91 at the end of 2024, showing a marginal decrease of 0.03%[15] Shareholder Information - The total number of ordinary shares at the end of the reporting period is 21,600[11] - The total number of shareholders at the end of the reporting period is 21,600[11] - The top shareholder, Xie Bingkun, holds 48.95% of the shares, totaling 320,716,673 shares[12] - The company has a total of 10 major shareholders, with the top three holding a combined 62.85% of the shares[12] - The company has not reported any significant changes in the shareholding structure due to margin trading activities[12] Research and Development - The research and development expenses for the first three quarters of 2025 were ¥28,988,880.59, compared to ¥28,156,697.84 in 2024, indicating a rise of 2.95%[17] Other Information - The company has not disclosed any new products, technologies, market expansions, or mergers in this report[3] - Non-recurring gains and losses for the quarter amounted to ¥2,263,971.17, with a total of ¥5,558,380.40 for the year-to-date[8] - The company reported cash and cash equivalents of ¥48,731,483.41, an increase from ¥33,147,187.17 at the end of the previous year[13] - Accounts receivable increased to ¥221,281,125.36 from ¥198,971,593.88, reflecting a growth of approximately 11.6%[13] - Inventory stood at ¥1,407,366,976.13, up from ¥1,356,661,155.79, indicating an increase of about 3.7%[13] - The total current assets amounted to ¥1,761,019,565.40, compared to ¥1,648,545,693.68 in the previous period, representing a growth of approximately 6.8%[13] - The company holds long-term equity investments valued at ¥27,218,882.51, slightly down from ¥27,736,848.87[13] - The deferred income tax assets decreased to ¥156,213,595.35 as of September 30, 2025, from ¥119,035,697.37 at the end of 2024, reflecting a decrease of 23.83%[15] - The company did not apply new accounting standards for the year 2025[22]

Core Viewpoint - The non-metal materials sector experienced a decline of 1.31% on October 22, with Dongfang Carbon leading the drop. The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1]. Summary by Category Stock Performance - The following stocks in the non-metal materials sector showed significant price movements: - Bingyang Technology (920675) closed at 13.21, up 9.26% with a trading volume of 163,100 shares and a turnover of 224 million yuan. - Changjiang Materials (001296) closed at 24.00, up 2.21% with a trading volume of 91,000 shares and a turnover of 219 million yuan. - Longgao Co. (605086) closed at 24.83, up 0.53% with a trading volume of 14,000 shares and a turnover of 34.87 million yuan. - Other notable declines included: - Dongfang Huizhen (920175) down 4.54% to 13.03. - Tianma New Materials (920971) down 4.00% to 34.08 [1][2]. Capital Flow - The non-metal materials sector saw a net outflow of 117 million yuan from institutional investors, while retail investors contributed a net inflow of 69.32 million yuan. Speculative funds recorded a net inflow of 47.51 million yuan [2][3]. Individual Stock Capital Flow - Key capital flow data for selected stocks: - Changjiang Materials (001296) had a net inflow of 3.58 million yuan from institutional investors, but a net outflow of 10.42 million yuan from retail investors. - KunCai Technology (603826) experienced a net inflow of 1.98 million yuan from institutional investors, but a net outflow of 1.25 million yuan from retail investors. - Strength Diamond (301071) faced a net outflow of 49.03 million yuan from institutional investors, while retail investors contributed a net inflow of 27.37 million yuan [3].

Core Insights - The non-metal materials sector increased by 1.1% on October 21, with Bingyang Technology leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Bingyang Technology (code: 920675) closed at 12.09, with a rise of 7.66% and a trading volume of 43,700 shares, amounting to 51.31 million yuan [1] - Tianma New Materials (code: 920971) saw a closing price of 35.50, up 3.53%, with a trading volume of 43,000 shares and a turnover of 150 million yuan [1] - Longjiang Materials (code: 001296) closed at 23.48, increasing by 3.07%, with a trading volume of 49,100 shares and a turnover of 115 million yuan [1] - Other notable stocks include Qilu Huaxin (code: 920832) at 8.38 (+2.82%), and Quartz Shares (code: 603688) at 38.98 (+2.26%) [1] Capital Flow - The non-metal materials sector experienced a net outflow of 52.73 million yuan from institutional investors, while retail investors saw a net inflow of 72.75 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors were more active [2] Detailed Capital Flow Analysis - Quartz Shares (code: 603688) had a net inflow of 34.63 million yuan from institutional investors, but a net outflow of 28.47 million yuan from retail investors [3] - Longjiang Materials (code: 001296) experienced a net inflow of 7.80 million yuan from institutional investors, while retail investors had a net outflow of 5.81 million yuan [3] - Strength Diamond (code: 301071) faced a significant net outflow of 124 million yuan from institutional investors, despite a net inflow of 71.25 million yuan from retail investors [3]

Core Viewpoint - The non-metal materials sector experienced a 2.2% increase on October 20, with significant gains led by Lili Diamond, while the Shanghai Composite Index rose by 0.63% and the Shenzhen Component Index increased by 0.98% [1] Group 1: Market Performance - The closing price of Lili Diamond was 48.22, reflecting an 18.71% increase, with a trading volume of 412,700 shares and a transaction value of 1.831 billion [1] - Other notable performers included Dongfang Shuo Yuan, which closed at 13.33 with a 10.53% increase, and Ningxin New Materials, which closed at 15.29 with a 5.74% increase [1] - The overall trading volume and transaction values for various stocks in the non-metal materials sector were significant, indicating active market participation [1] Group 2: Capital Flow - The non-metal materials sector saw a net outflow of 56.12 million from institutional investors, while retail investors contributed a net inflow of 27.20 million [2] - The capital flow data indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2] Group 3: Individual Stock Capital Flow - Lili Diamond experienced a net outflow of 12.36 million from institutional investors, but had a net inflow of 460.75 million from retail investors [3] - In contrast, Longgao Co. saw a net outflow of 4.76 million from institutional investors, with retail investors contributing a net inflow of 361.27 million [3] - The data highlights varying investor sentiment across different stocks within the non-metal materials sector, with some stocks attracting retail interest despite institutional withdrawals [3]