Core Viewpoint - Shenzhen Xinxing Light Alloy Materials Co., Ltd. has completed the lock-up period for its 2024 employee stock ownership plan, and the conditions for unlocking have been met, allowing for the release of 1,883,926 shares, which represents 0.89% of the company's total share capital [3][8]. Summary by Sections Implementation Progress of the Employee Stock Ownership Plan - The company held several meetings in 2024 to approve the implementation of the employee stock ownership plan, including board meetings and a shareholder meeting [1][2]. - On September 12, 2025, the board approved the unlocking of the employee stock ownership plan as the lock-up period had expired [3]. Lock-Up Period and Unlocking Conditions - The lock-up period for the employee stock ownership plan was set at 12 months, starting from the date of the last stock transfer to the plan [4]. - As of September 11, 2025, the lock-up period has ended, and the conditions for unlocking have been fulfilled [4]. Achievement of Unlocking Conditions - The performance assessment for unlocking includes both company-level and individual-level metrics. The company achieved a revenue of 2,563,432,175.17 yuan for 2024, a growth rate of 62.32% compared to 1,579,249,838.21 yuan in 2023, meeting the company-level performance criteria [6]. - All participants in the employee stock ownership plan received a "qualified" performance evaluation, allowing for full unlocking of their shares [7][8]. Post-Unlocking Arrangements - After the lock-up period, the management committee will decide on the timing for selling the shares based on market conditions and will distribute the proceeds to the participants accordingly [8]. - The plan will adhere to market trading rules and relevant regulations regarding sensitive information periods [8].

证券代码：603978 证券简称：深圳新星 公告编号：2025-085 深圳市新星轻合金材料股份有限公司 关于2024年员工持股计划锁定期届满暨解锁条件成就 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、准确性和完整性依法承担法律责任。 2025年9月12日，深圳市新星轻合金材料股份有限公司（以下简称"公司"） 召开第五届董事会第三十二次会议，审议通过了《关于2024年员工持股计划锁 定期届满暨解锁条件成就的议案》，公司 2024 年员工持股计划（以下简称"本 员工持股计划"）锁定期已届满，解锁条件已成就。现将有关情况公告如下： 一、本员工持股计划的实施进展 1、公司分别于2024年7月24日召开第五届董事会第十次会议、第五届监事 会第六次会议，于2024年8月9日召开2024年第二次临时股东大会，审议通过了 《关于公司<2024年员工持股计划（草案）>及其摘要的议案》《关于公司<2024 年员工持股计划管理办法>的议案》《关于提请股东大会授权董事会办理公司 2024年员工持股计划有关事项的议案》，同意公司实施2024年员工持股计划。 2、202 ...

New Stock Issuance - YouSheng Co., Ltd. (Securities Code: 732418) issued shares at a price of 46.36 RMB on September 12, 2025[1] - *ST Tianmao (Securities Code: 000627) has a cash option declaration period from September 15 to September 19, 2025[1] - *ST Zitian (Securities Code: 300280) enters the delisting arrangement period starting September 15, 2025[1] Trading Alerts - Hangke Technology (Securities Code: 688006) reported severe abnormal fluctuations on September 11, 2025[1] - Shanghai Electric Power (Securities Code: 600021) had a trading volume of 8,487 on September 10, 2025[1] - Tianji Co., Ltd. (Securities Code: 002759) reported a trading volume of 8,705 on September 10, 2025[1] Abnormal Fluctuations - ST Lingnan (Securities Code: 002717) reported a trading volume of 7,965 on September 10, 2025[3] - ST Huaxi (Securities Code: 002630) reported a trading volume of 9,579 on September 11, 2025[3] - ST Jianye (Securities Code: 600381) reported a trading volume of 5,420 on September 3, 2025[3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603978 证券简称：深圳新星 公告编号：2025-084 深圳市新星轻合金材料股份有限公司 股票交易异常波动公告 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个别及连带责任。 重要内容提示： ● 深圳市新星轻合金材料股份有限公司（以下简称"公司"）股票于2025年9月9日、9月10日、9月11日连 续三个交易日收盘价格涨幅偏离值累计超过20%，根据《上海证券交易所交易规则》的有关规定，属于 股票交易异常波动的情形。 ● 经公司自查，并书面问询公司控股股东、实际控制人及其一致行动人，截至本公告披露日，不存在应 披露而未披露的重大事项或重要信息。 ● 敬请广大投资者理性投资，注意二级市场交易风险。 一、股票交易异常波动的具体情况 公司股票于2025年9月9日、9月10日、9月11日连续三个交易日收盘价格涨幅偏离值累计超过20%，根据 《上海证券交易所交易规则》的有关规定，属于股票交易异常波动的情形。 （二）重大事项情况 经公司自查，并向公司控股股东、实际控制人书面问询核实，截 ...

Core Points - Shenzhen New Star announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days from September 9 to September 11, 2025 [1] - The company conducted a self-examination and inquired with its controlling shareholder, actual controller, and their concerted actions, confirming that there are no undisclosed significant matters or important information as of the date of this announcement [1]

股票交易异常波动公告 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个别及连带责任。 重要内容提示： 深圳市新星轻合金材料股份有限公司（以下简称"公司"）股票于 2025 年 9 月 9 日、9 月 10 日、9 月 11 日连续三个交易日收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动的 情形。 经公司自查，并书面问询公司控股股东、实际控制人及其一致行动人， 截至本公告披露日，不存在应披露而未披露的重大事项或重要信息。 敬请广大投资者理性投资，注意二级市场交易风险。 证券代码：603978 证券简称：深圳新星 公告编号：2025-084 深圳市新星轻合金材料股份有限公司 一、股票交易异常波动的具体情况 公司股票于 2025 年 9 月 9 日、9 月 10 日、9 月 11 日连续三个交易日收盘价 格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属 于股票交易异常波动的情形。 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，公司目前生产经营活动正常 ...

深圳新星发布异动公告，公司股票于2025年9月9日、9月10日、9月11日连续三个交易日收盘价格涨幅累 计超过20%，属于股票交易异常波动。经自查及问询控股股东和实际控制人，未发现应披露而未披露的 重大事项或重要信息。公司生产经营活动正常，内外部环境未发生重大变化。敬请投资者理性投资，注 意交易风险。 ...

Core Viewpoint - Shenzhen New Star achieved revenue of 1.5 billion yuan in H1 2025, representing a year-on-year increase of 29%, while the net profit attributable to shareholders was -22 million yuan, indicating a significant reduction in losses [1] Financial Performance - In Q2, the net profit attributable to shareholders was -25 million yuan, primarily impacted by the lithium hexafluorophosphate business [1] - As of September 10, the price of lithium hexafluorophosphate was 56,500 yuan per ton, an increase of approximately 15% from July 21, which corresponds to a rise of 7,300 yuan per ton [1] Future Outlook - The recovery in lithium hexafluorophosphate prices is expected to lead to a turning point in the company's profitability [1] - The company is actively expanding into new businesses, with a clear growth path ahead [1] - The installation of a 20,000-ton boron trifluoride complex production line and a 10,000-ton boron trifluoride gas production line is nearing completion, with production expected to commence in October 2025 [1] Market Demand - Boron trifluoride is primarily used for producing boron-10 isotopes, which have strong demand in nuclear reactor control agents, fast reactor control rods, and nuclear waste treatment [1]

Investment Rating - The report assigns a "Buy" rating for the company [2][9] Core Views - The company has shown significant revenue recovery, with a 29% year-over-year increase in revenue for the first half of 2025, reaching 1.5 billion yuan, and a notable reduction in net loss to 22 million yuan [4][5] - The recovery in lithium hexafluorophosphate prices is expected to lead to a turning point in profitability, with prices rising approximately 15% since July 21, 2025 [5] - The company is actively developing new business lines, indicating a clear growth path for the future [5] - The aluminum foil segment is entering a performance release phase, with a production capacity of 100,000 tons expected to contribute positively to profitability [6] - The company is nearing the completion of its boron trifluoride production lines, with expected production starting in October 2025, which is anticipated to have strong demand due to its applications in nuclear technology [7] Summary by Sections Financial Performance - In H1 2025, the company achieved a revenue of 1.5 billion yuan, a 29% increase year-over-year, while the net loss was reduced to 22 million yuan [4][5] - For Q2 2025, revenue was 760 million yuan, a 15% increase year-over-year, with a net loss of 25 million yuan primarily due to the lithium hexafluorophosphate business [5] Future Projections - The company forecasts net profits of 51 million yuan, 224 million yuan, and 392 million yuan for 2025, 2026, and 2027 respectively, with corresponding PE ratios of 77, 18, and 10 times [8][9] - Revenue projections for 2025 to 2027 are 3.059 billion yuan, 3.698 billion yuan, and 4.452 billion yuan, with growth rates of 19.4%, 20.9%, and 20.4% respectively [11] Business Development - The company completed a 100,000-ton battery aluminum foil project by the end of 2024, which is expected to enhance profitability [6] - The boron trifluoride production lines are set to commence operations in October 2025, with high barriers to entry and promising profit potential due to the complexity of production [7]

Core Viewpoint - The company has shown significant revenue growth and a notable reduction in losses, indicating a potential turning point in its financial performance [2][7]. Financial Performance - In H1 2025, the company achieved a revenue of 1.5 billion yuan, representing a year-on-year increase of 29% [1][2]. - The net profit attributable to shareholders for H1 2025 was -22 million yuan, reflecting a substantial narrowing of losses [1][2]. - In Q2 2025, the company reported a revenue of 760 million yuan, with a year-on-year growth of 15%, although it incurred a net loss of 25 million yuan, primarily due to the lithium hexafluorophosphate business [2]. Business Developments - The company has completed a 100,000-ton battery aluminum foil project by the end of 2024, which includes 10 casting and rolling production lines and 2 cold rolling production lines [3][4]. - The production line for 20,000 tons of boron trifluoride complex and 10,000 tons of boron trifluoride gas is nearing completion, with an expected launch in October 2025 [5][6]. Market Outlook - The price of lithium hexafluorophosphate has rebounded, with a current price of 56,500 yuan per ton, up approximately 15% since July 21, which is expected to positively impact the company's profitability [2]. - The high barriers to entry and the complex environmental assessment procedures for boron trifluoride production suggest a promising profit elasticity for the company [6]. Profit Forecast - The company is projected to achieve net profits attributable to shareholders of 51 million yuan, 224 million yuan, and 392 million yuan for the years 2025, 2026, and 2027, respectively [7].