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]

Core Viewpoint - The company is focusing on high-quality development through technological and industrial innovation, particularly in the fields of pearlescent materials and titanium dioxide production, amidst a challenging global economic environment [2][3]. Group 1: Company Overview - The company achieved a revenue of 572.41 million yuan in the first half of 2025, representing a year-on-year increase of 7.61% [3]. - The net profit attributable to shareholders was 49.41 million yuan, reflecting an increase of 11.93% compared to the previous year [3]. - The sales revenue from titanium dioxide, iron oxide, and pearlescent materials all showed growth, although the overall gross profit decreased by 12.4 million yuan due to falling titanium dioxide prices [3][4]. Group 2: Financial Performance - The company reported an increase in tax expenses by 1.48 million yuan due to higher sales revenue [3]. - Financial expenses decreased by 13.26 million yuan, primarily due to reduced interest expenses and increased foreign exchange gains [3]. - The total profit decreased by 4.08 million yuan, while the net profit increased by 5.26 million yuan, indicating a mixed financial performance [6]. Group 3: Technological Advancements - The company has made significant breakthroughs in the extraction method for producing titanium dioxide, enhancing efficiency and sustainability [7]. - The product range has expanded to include various grades for different applications, establishing a comprehensive product matrix [7]. Group 4: Sustainability Initiatives - The company is committed to green development, launching innovative products that align with low-carbon principles, such as powder coatings that are more environmentally friendly [8]. - It has received a carbon footprint certification from SGS, marking a significant step in its sustainability journey and enhancing its market competitiveness [8]. Group 5: Brand Development - The company is actively promoting its brand globally, leveraging its technological advantages and innovative product offerings to enhance brand recognition [9][10]. - Participation in major industry exhibitions and the use of new media for brand promotion have been key strategies for increasing brand visibility [10]. Group 6: Asset Management - The company plans to transfer its 5.8975% stake in Pingyang Rural Commercial Bank for 119 million yuan to optimize its asset structure [19][21]. - This transaction is expected to enhance the company's focus on its core business and improve resource allocation [31]. Group 7: Capital Increase - The company intends to increase its wholly-owned subsidiary, Zhengtai New Materials, by 1.1 billion yuan to support its business development [51][54]. - This capital increase is aligned with the company's long-term strategic goals and is not classified as a related party transaction or a major asset restructuring [56].

Core Viewpoint - KunCai Technology (603826.SH) reported a revenue of 572 million yuan for the first half of 2025, reflecting a year-on-year growth of 7.61% [1] - The net profit attributable to shareholders reached 49.41 million yuan, marking an increase of 11.93% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 46.12 million yuan, showing a year-on-year growth of 16.09% [1] - The basic earnings per share stood at 0.0754 yuan [1] Financial Performance - Revenue for the reporting period was 572 million yuan, up 7.61% compared to the previous year [1] - Net profit attributable to shareholders was 49.41 million yuan, an increase of 11.93% year-on-year [1] - Net profit after deducting non-recurring items was 46.12 million yuan, reflecting a growth of 16.09% year-on-year [1] - Basic earnings per share were reported at 0.0754 yuan [1]

Meeting Overview - The company will hold a shareholder meeting on September 11, 2025, at 14:30 [1] - The meeting will take place at the office building of its wholly-owned subsidiary, Zhengtai New Materials Technology Co., Ltd. [1] - Voting will be conducted through a combination of on-site and online methods [1] Voting Procedures - The online voting system will be the Shanghai Stock Exchange's shareholder meeting network voting system [3] - Voting will be available from 9:15 to 15:00 on the day of the meeting [1][3] - Shareholders can vote via the trading system or the internet voting platform [4] Shareholder Participation - Only shareholders registered by the close of trading on September 4, 2025, are eligible to attend the meeting [6] - Shareholders can appoint a proxy to attend and vote on their behalf [5][6] - The company will provide a reminder service to shareholders via SMS to encourage participation [3][4] Meeting Registration - Shareholders must register for the meeting by providing necessary identification and documentation [5][6] - Registration can be done via written communication or fax, which must be received by the company by September 10, 2025, at 17:30 [5][6] Additional Information - The meeting will last half a day, and attendees will bear their own travel and accommodation costs [6] - Contact information for the company’s board secretary is provided for any inquiries [6]

证券代码： 603826 证券简称： 坤彩科技 公告编号：2025-030 福建坤彩材料科技股份有限公司 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"）第四届董事会第十五次会 议的通知于 2025 年 8 月 14 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 8 月 25 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 年半年度报告》及其摘要 表决结果：5 票赞成、0 票反对、0 票弃权。 董事会审计委员会事前审议通过了该议案，并同意提交董事 ...

Core Viewpoint - KunCai Technology announced the transfer of a 5.8975% stake in Zhejiang Pingyang Rural Commercial Bank to Zhejiang Chenghang Rubber Co., Ltd. for 119 million RMB, resulting in the company no longer holding any equity in the bank [2]. Group 1 - The transaction has been approved by the company's board of directors and will be submitted for shareholder approval [2]. - The stake transfer does not constitute a related party transaction or a major asset restructuring as defined by the relevant regulations [2].

证券日报网讯8月25日晚间，坤彩科技（603826）发布公告称，公司将于2025年9月11日召开2025年第二 次临时股东会。本次股东会将审议《关于拟转让参股公司股权的议案》等多项议案。 ...

Group 1 - The core point of the article is that Kuncai Technology (SH 603826) announced a reduction in profit due to asset impairment provisions for the first half of 2025, amounting to a decrease of 9.646 million yuan, and a write-off of assets reducing profit by 403,800 yuan [1] - The asset impairment provision is unaudited and will be confirmed by the annual audit from the accounting firm [1] - As of the report, Kuncai Technology has a market capitalization of 13.6 billion yuan [1] Group 2 - For the year 2024, Kuncai Technology's revenue composition is as follows: pearlescent materials sales account for 90.5%, titanium dioxide for 7.86%, other materials for 0.84%, iron oxide for 0.71%, and other businesses for 0.1% [1]

Group 1 - The core viewpoint of the article is that Kuncai Technology (SH 603826) held its 15th meeting of the fourth board of directors on August 25, 2025, to discuss the proposal for the second extraordinary shareholders' meeting of 2025 [1] - Kuncai Technology's revenue composition for the year 2024 is as follows: pearlescent materials sales accounted for 90.5%, titanium dioxide accounted for 7.86%, other materials accounted for 0.84%, iron oxide accounted for 0.71%, and other businesses accounted for 0.1% [1] - As of the time of reporting, Kuncai Technology has a market capitalization of 13.6 billion yuan [1] Group 2 - The A-share market has seen trading volumes exceed 2 trillion yuan for eight consecutive days, indicating strong market activity [1] - Major brokerage firms are actively recruiting for the autumn season, with 25 job positions available, highlighting the industry's demand for talent [1]

Core Viewpoint - Kuncai Technology reported a net profit of 49.41 million yuan for the first half of 2025, reflecting a year-on-year growth of 11.93% and an operating revenue of 572.41 million yuan, up 7.61% year-on-year [1] Group 1: Financial Performance - The company achieved an operating revenue of 572.41 million yuan, representing a year-on-year increase of 7.61% [1] - The net profit for the first half of 2025 was 49.41 million yuan, which is an increase of 11.93% compared to the same period last year [1] Group 2: Business Segments - Sales revenue from titanium dioxide, iron oxide, and pearlescent materials all experienced growth during the reporting period [1] - The company has become a key player in promoting stable growth in the pearlescent materials industry, establishing itself as a long-term and stable partner in the market [1] Group 3: Strategic Initiatives - The company is actively implementing a dual-wheel strategy focusing on "pearlescent materials + chlorinated titanium dioxide" [1] - The high-end applications of pearlescent materials are experiencing rapid growth, driven by expanding downstream application fields such as low-altitude economy, humanoid robots, and 3D printing materials [1] Group 4: Market Trends - The increase in domestic production rates for automotive coatings and the high-endization of cosmetics, along with the rising penetration of pearlescent paints in new energy vehicles, are expected to drive demand growth for automotive-grade and cosmetic-grade products [1] - The company's chlorinated titanium dioxide business has entered large-scale production, leveraging its "technological leadership + cost advantage" to establish long-term stable supply relationships with several quality customers and core channel distributors [1]