Core Viewpoint - The company, Dingsheng New Materials, is experiencing significant growth driven by the booming new energy industry, positioning itself as a leading player in the aluminum foil sector, particularly for battery applications [4]. Company Overview - Dingsheng New Materials was established in 2003, focusing on the research, production, and sales of aluminum foil products, including battery foils, air conditioning foils, and aluminum plates [4][6]. - The company has become a leader in the domestic aluminum foil industry, with its production and export volumes consistently ranking first among peers [4][8]. Development Stages - **Foundation Period (2003-2014)**: The company laid a solid foundation by expanding production capacity and product lines [6]. - **Rapid Growth Period (2015-2018)**: Dingsheng achieved the highest production, export volumes, and market share in the domestic aluminum foil sector [6][7]. - **Strategic Transformation Period (2019-Present)**: The company capitalized on opportunities in the new energy sector, particularly in battery foil production, becoming an industry leader [8]. Financial Performance - In the first three quarters of 2024, the company reported revenue of 19.604 billion yuan, a year-on-year increase of 11.29%, and a net profit of 307 million yuan, up 36.61% year-on-year, indicating strong profitability [14][16]. - The robust performance has provided a solid foundation for the company's stock price increase [16]. Market Position and Clientele - Dingsheng is the largest manufacturer of battery aluminum foil globally, supplying major clients such as BYD, CATL, and LG Energy, which are key players in the new energy sector [16]. - The company's products are critical materials for lithium battery positive electrode collectors, enhancing its market position [16]. Technological Advancements - The company’s battery foils are applicable to sodium-ion and solid-state batteries, which are pivotal for next-generation battery technologies [16]. - Recent governance optimizations and cash dividend implementations have further bolstered investor confidence [16]. Industry Trends - On October 31, 2024, the new energy materials sector showed strong performance, benefiting Dingsheng as a popular stock in the sodium battery and lithium battery concepts [16]. - The ongoing expansion of the global electric vehicle industry and the commercialization of sodium-ion battery technology are expected to strengthen Dingsheng's competitive edge and customer barriers [16].

Core Viewpoint - Ding Sheng New Materials has clarified its main products and their applications, emphasizing its focus on various sectors without involvement in aerospace [2]. Product Overview - The company's primary products include new energy battery foil, air conditioning foil, single zero foil, double zero foil, and aluminum plate strips [2]. - These products are widely used in green packaging, household appliances, lithium batteries, transportation, and building decoration [2]. - The company has explicitly stated that its products are not applied in the aerospace sector [2].

Core Viewpoint - The company, Ding Sheng New Materials, primarily produces various types of aluminum foils and plates, which are widely used in multiple sectors, including green packaging, home appliances, lithium batteries, transportation, and building decoration, but not in aerospace applications [1] Group 1 - The main products of the company include new energy battery foil, air conditioning foil, single zero foil, double zero foil, and aluminum plates [1] - The applications of these products span across several industries, highlighting the company's diverse market reach [1] - The company explicitly states that its products are not utilized in the aerospace sector, indicating a focused market strategy [1]

Group 1: Market Overview - A-shares experienced slight fluctuations in early trading, with the North China 50 index surging over 4%, approaching the 1600-point mark, while the ChiNext 50 index fell over 2% [1] - The market maintained stable trading volume, with sectors such as forestry, batteries, digital media, and pharmaceuticals leading in gains, while consumer electronics, communication equipment, real estate, and aerospace equipment faced declines [1] Group 2: Sodium Battery Growth - The battery industry chain saw a strong performance, particularly in sodium batteries, which rose over 3% and reached a three-year high, with companies like Ding Sheng New Materials and Tianji Co. hitting their daily price limits [2] - The first large-capacity sodium-ion battery energy storage station in Nanning, Guangxi, has commenced operations, marking a significant step towards the commercialization of sodium-ion battery technology [2] - Sodium batteries are expected to see a shipment volume of 23.1 GWh by 2025, representing a year-on-year growth of 542.7%, with the global market projected to reach 152.13 billion yuan by 2031, growing at a compound annual growth rate of 88.9% [2] Group 3: Solid-State Battery Acceleration - Solid-state batteries also emerged as a hot topic, with the sector index rising over 3% to reach a historical high, and several companies, including Lijia Technology and Dazhong Mining, hitting their daily price limits [4] - Recent breakthroughs in solid-state battery technology, including advancements in fast charging, have been reported by research teams from Tsinghua University and Tianjin University [4] - Companies like Aosheng Technology and Guoxuan High-Tech are making significant progress in the industrialization of solid-state batteries, with plans for production lines and ongoing trials [5]

Group 1: Market Overview - A-shares experienced slight fluctuations in early trading, with the North Securities 50 index rising over 4%, approaching 1600 points, while the ChiNext index fell over 2% [1] - The market showed stable trading volume, with sectors such as forestry, batteries, digital media, and pharmaceuticals leading in gains, while consumer electronics, communication equipment, real estate, and aerospace equipment faced declines [1] Group 2: Sodium Battery Growth - The sodium battery sector saw significant growth, with the index rising over 3% and achieving a 7-day consecutive increase, reaching a 3-year high [2] - The first large-capacity sodium-ion battery energy storage station in Nanning, Guangxi, has officially commenced operations, marking a key step towards the commercialization of sodium-ion battery technology [2] - Sodium batteries are expected to see a shipment volume of 23.1 GWh by 2025, representing a year-on-year growth of 542.7% [2] - The global sodium-ion battery market is projected to reach sales of 152.1 billion yuan by 2031, with a compound annual growth rate of 88.9% [2] Group 3: Solid-State Battery Advancements - The solid-state battery sector also experienced a surge, with the index rising over 3% and achieving a historical high, continuing a 7-day upward trend [4] - Recent breakthroughs in solid-state battery technology include a successful resolution of the "fast charging" challenge by a research team from Tsinghua University and Tianjin University [4] - Companies like Aosheng Technology and Guoxuan High-Tech are making significant progress in the industrialization of solid-state batteries, with plans for production lines and ongoing trials [5][4] Group 4: Industry Trends and Future Outlook - The sodium battery and solid-state battery sectors are both at critical turning points, with the next 2-3 years being crucial for establishing market presence and achieving commercialization [2][3] - The demand for low-cost and high-safety energy storage solutions continues to drive innovation in these battery technologies [3][5] - The solid-state battery production process is expected to face increasing demands for mass production capabilities as technology advances [5]

Core Insights - Ding Sheng New Materials (603876.SH) reported its Q3 2025 results on October 31, 2025, highlighting significant institutional investor activity [1] Institutional Holdings - As of October 30, 2025, a total of 9 institutional investors disclosed holdings in Ding Sheng New Materials A-shares, with a combined shareholding of 376 million shares, accounting for 40.44% of the total share capital [1] - The institutional holding percentage decreased by 0.26 percentage points compared to the previous quarter [1] Public Fund Activity - One public fund, the招商成长量化选股股票A, increased its holdings during this period, with an increase percentage of 0.12% [1] - One public fund, the浙商智选先锋一年持有期A, reported a slight decrease in holdings compared to the previous quarter [1] - A total of 130 public funds did not disclose their holdings this quarter, including notable funds such as招商量化精选股票发起式A, 南方中证1000ETF, 华夏中证1000ETF, and 广发中证1000ETF [1]

Core Viewpoint - The company, Jiangsu Dingsheng New Energy Materials Co., Ltd., has announced its third-quarter financial results for 2025 and will hold an investor briefing to discuss these results and address investor inquiries [7][8]. Financial Data - The third-quarter financial report for 2025 has not been audited [3]. - The report includes key accounting data and financial indicators, although specific figures are not provided in the documents [3][4]. Shareholder Information - The company has confirmed the total number of ordinary shareholders and the situation of the top ten shareholders, although specific details are not disclosed [5]. Investor Briefing - The investor briefing is scheduled for November 18, 2025, from 10:00 to 11:00 AM, to be held at the Shanghai Stock Exchange Roadshow Center [8][10]. - Investors can submit questions from November 11 to November 17, 2025, and the company will address common concerns during the briefing [11][12]. Management Assurance - The board of directors and senior management have guaranteed the authenticity, accuracy, and completeness of the quarterly report, taking legal responsibility for its content [2][7].

格隆汇10月30日丨鼎胜新材(603876.SH)发布三季报，2025年前三季度实现营业总收入196.04亿元，同比 增长11.29%；归属母公司股东净利润3.07亿元，同比增长36.61%；基本每股收益为0.34元。 ...

Core Viewpoint - 鼎胜新材 is the largest battery aluminum foil manufacturer globally, with strong competitive advantages in R&D, production, and sales of aluminum foil products [1] Group 1: Business Performance - In Q3 2025, 鼎胜新材 reported revenue of 196.04 billion, ranking 8th among 31 companies in the industry, while the industry leader, China Aluminum, had revenue of 1,765.16 billion [2] - The revenue composition includes aluminum foil products at 113.86 billion (85.57%), aluminum plate and strip at 17.03 billion (12.80%), and other businesses at 2.18 billion (1.64%) [2] - The net profit for the same period was 3.09 billion, ranking 12th in the industry, with the industry leader, China Aluminum, reporting 172.96 billion [2] Group 2: Financial Ratios - As of Q3 2025, 鼎胜新材's debt-to-asset ratio was 70.72%, down from 74.09% year-on-year but still above the industry average of 46.20% [3] - The gross profit margin was 8.61%, a decrease from 9.04% year-on-year and below the industry average of 10.69% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 30.88% to 59,600, while the average number of circulating A-shares held per shareholder decreased by 23.59% to 15,600 [5] - The seventh-largest circulating shareholder, Hong Kong Central Clearing Limited, increased its holdings by 1.06903 million shares [5] Group 4: Management Compensation - The chairman, Wang Cheng, received a salary of 3.6585 million, an increase of 383,600 from the previous year [4] Group 5: Future Outlook - 东吴证券 noted that the performance in H1 2025 met expectations, with significant growth in battery foil and coated carbon foil shipments, leading to price increases [5] - 中银国际 highlighted that the company is expected to face pressure in 2024 but anticipates significant net profit growth in Q1 2025, supported by high growth rates in aluminum foil and aluminum plate sales [6]

证券代码：603876 证券简称：鼎胜新材 公告编号：2025-090 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 18 日（星期二）10:00-11:00 江苏鼎胜新能源材料股份有限公司 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： 江苏鼎胜新能源材料股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 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 18 日（星期二）10:00-11:00 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。 一、说明会类型 会议召开时间：2025 年 11 月 18 日（星期二）10:00-11:00 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 ...