Core Points - The announcement details the partial release of share pledges by a major shareholder of Mingxin Xuteng New Materials Co., Ltd. [2][3] - The major shareholder, Mr. Zhuang Yan, holds 28,000,000 shares, representing 17.26% of the company's total equity [2][3] - Prior to the release, Mr. Zhuang had pledged 13,960,000 shares, which accounted for 49.86% of his holdings and 8.61% of the total shares [2][3] - After the release, the pledged shares decreased to 10,675,500, which is 38.13% of his holdings and 6.58% of the total shares [2][3] Share Pledge Situation - The announcement specifies that the released shares will not be used for further pledging in the near future [3] - As of the announcement date, Mr. Zhuang and his concerted parties have a cumulative pledge situation that is disclosed [3]

Group 1 - The company Mingxin Xuteng announced the release of a portion of shares pledged by a major shareholder, Mr. Zhuang Yan [2] - The number of shares released from pledge amounts to 3,284,500 shares [2]

证券代码：605068 证券简称：明新旭腾 公告编号：2025-104 转债代码：111004 转债简称：明新转债 明新旭腾新材料股份有限公司 关于持股 5%以上股东部分股份解除质押的公告 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： 1.本次部分股份办理解除质押的基本情况 | 持股数量 | 28,000,000 股 | | --- | --- | | 持股比例 | 17.26% | | 剩余被质押股份数量 | 股 10,675,500 | | 剩余被质押股份数量占其所持股份比例 | 38.13% | | 剩余被质押股份数量占公司总股本比例 | 6.58% | 本次解质股份暂无用于后续质押的安排，未来如有变动，公司将根据相关法 律法规要求及时履行信息披露义务。 二、股东累计质押情况 上述股东庄严为公司控股股东一致行动人。截至公告披露日，庄严及其一致 行动人累计质押股份情况如下： 明新旭腾新材料股份有限公司（以下简称"公司"、"本公司"）持股 5%以上股东庄严先生持有本公司股份28,000,000股，占公司总股 ...

Group 1 - Mingxin Xuteng (SH 605068) announced that its major shareholder, Mr. Zhuang Yan, holds 28 million shares, accounting for 17.26% of the total share capital [1] - Before the partial release of share pledges, Mr. Zhuang had pledged 13.96 million shares, which is 49.86% of his holdings and 8.61% of the total share capital [1] - After the partial release, the pledged shares decreased to approximately 10.68 million, representing 38.13% of his holdings and 6.58% of the total share capital [1] Group 2 - For the fiscal year 2024, Mingxin Xuteng's revenue composition is as follows: C19 leather and fur products and footwear industry accounts for 63.32%, C29 rubber and plastic products industry accounts for 29.15%, and other businesses account for 7.53% [1] - As of the report, Mingxin Xuteng has a market capitalization of 4.4 billion yuan [1] Group 3 - A significant increase in overseas orders by 246% has been reported in a related industry, covering over 50 countries and regions [1] - Entrepreneurs have warned of potential malicious competition as some are selling at a loss [1]

Core Points - Mingxin Xuteng announced the release of a portion of shares pledged by its major shareholder, Mr. Zhuang Yan, on November 3, 2025 [1] - The number of shares released from pledge is 3,284,500, which accounts for 11.73% of Mr. Zhuang's holdings and 2.02% of the company's total share capital [1] - After this release, Mr. Zhuang has a total of 10,675,500 shares pledged, representing 38.13% of his holdings and 6.58% of the company's total share capital [1] - There are no plans for the released shares to be used for further pledging [1]

Summary of Mingxin Xuteng Conference Call Company Overview - **Company**: Mingxin Xuteng - **Industry**: Synthetic leather and advanced materials Key Points Financial Performance - **September Profitability**: Achieved single-month profitability in September, with Q4 expected to show positive trends driven by demand for genuine leather and PU products, with significant contributions from clients like Xiaopeng, NIO, and Seres, although joint venture brands still hold a large share [2][5] - **Q3 Revenue**: Recorded the largest quarterly revenue since listing at 440 million RMB, but profit margins were impacted by excessive price cuts in Q2 and new product introductions [4] - **Gross Margin**: Q3 gross margin was 15.5%, below the reasonable range due to mid-to-low-end product impacts, but improvements were noted in September. Expected to return to a reasonable range in Q4 and potentially recover to 20-25% by 2026 [2][6][9] Product and Market Insights - **Material Performance**: PU materials are anticipated to become a growth point in 2026, with genuine leather performing well. Key clients include Xiaopeng, Huawei Seres, and Changan [3][17] - **Gross Margin by Material**: - Genuine leather margin around 23-24%, expected to recover to 25-30% in Q4 - Suede microfiber maintained above 30%, approximately 32% in Q3 - PUPVC business nearing breakeven, expected to achieve profitability in Q4 [8][9] Future Outlook - **2026 Projections**: Overall gross margin expected to stabilize around 25%, with high-end materials potentially reaching 28%. Revenue growth is anticipated based on current order conditions [9][10] - **Mexico Facility**: Initial investment of 9.8 million USD for a production capacity of 2 million square meters per year, aiming for breakeven and slight profitability by 2026 [10][15] Legal and Development Updates - **Litigation Outcome**: Won the first instance in a lawsuit against Guoli, with the second instance scheduled for November 12, 2025. Expected to recover funds in 2026 if victorious [2][14] - **Electronic Skin Development**: Demo planned for late November 2025, utilizing PU surface materials and piezoresistive flexible sensor technology. Focus on product quality and customer engagement during development [12][21] Strategic Initiatives - **Client Engagement**: Currently engaging with various automotive clients, including notable brands, while maintaining confidentiality on specific partnerships [13] - **Investment Strategy**: Future capital expenditures will focus on humanoid robots and related products, with a cautious approach to ensure core business stability before expanding into new sectors [22] Competitive Landscape - **Market Competition**: The seat project with Xiaomi is competitive, but the company is actively pursuing further collaboration opportunities [18] Additional Notes - **Lightweight Materials**: Collaborating with a partner specializing in modified plastics to achieve weight reduction of 30-50% for robotic joints, with applications expected to launch soon [25][26] This summary encapsulates the essential insights from the conference call, highlighting the company's financial performance, product developments, future outlook, and strategic initiatives within the synthetic leather and advanced materials industry.

Core Viewpoint - Mingxin Xuteng New Materials Co., Ltd. reported significant revenue growth in Q3 2025, indicating strong performance in the automotive interior materials sector and expansion into robotics [1] Group 1: Financial Performance - The company achieved a revenue of 1.044 billion yuan in the first three quarters of the year, representing a year-on-year increase of 34.21% [1] - In Q3 alone, the revenue reached 441 million yuan, showing a year-on-year growth of 41.63% [1] Group 2: Client Collaboration - Mingxin Xuteng has established a comprehensive client collaboration matrix covering major automotive manufacturers, including FAW-Volkswagen, SAIC-GM, BYD, NIO, Li Auto, Xpeng, Mercedes-Benz, BMW, Audi, and others [1] - The company received a notification from a leading new energy vehicle manufacturer, confirming its role as a parts supplier for a new model, with an expected total sales amount of 650 million yuan over the project's lifecycle [1] Group 3: Future Growth Initiatives - The company is actively developing a second growth curve by focusing on the robotics sector, engaging in technology research and development, standard formulation, and industry collaboration [1] - Mingxin Xuteng is building a business system that covers key areas such as robotic skin, lightweight materials, and dexterous hands, aiming to create new growth opportunities for the long term [1]

Group 1 - Mingxin Xuteng's stock price dropped by 5.05% to 27.28 CNY per share, with a trading volume of 86.34 million CNY and a turnover rate of 1.88%, resulting in a total market capitalization of 4.425 billion CNY [1] - Mingxin Xuteng New Materials Co., Ltd. is located in Jiaxing City, Zhejiang Province, and was established on December 7, 2005. The company focuses on the research, development, and sales of new materials for automotive interiors [1] Group 2 - Ping An Fund's advanced manufacturing theme stock fund, Ping An Advanced Manufacturing Theme Stock Initiation A (019457), entered the top ten circulating shareholders of Mingxin Xuteng, holding 2.2382 million shares, which accounts for 1.38% of the circulating shares. The estimated floating loss today is approximately 3.2454 million CNY [2] - The Ping An Advanced Manufacturing Theme Stock Initiation A fund was established on October 24, 2023, with a latest scale of 1.027 billion CNY. Year-to-date returns are 85.72%, ranking 49 out of 4216 in its category, while the one-year return is 103.84%, ranking 11 out of 3885 [2] Group 3 - The fund manager of Ping An Advanced Manufacturing Theme Stock Initiation A is Zhang Yinxian, who has been in the position for 2 years and 8 days. The total asset scale of the fund is 2.388 billion CNY, with the best fund return during his tenure being 94.18% and the worst being 34.28% [3]

Core Viewpoint - The company, Mingxin Xuteng New Materials Co., Ltd., is set to hold a third-quarter performance briefing on November 10, 2025, to discuss its operational results and financial status for the third quarter of 2025 [9][10]. Financial Data - The financial statements for the third quarter of 2025 have not been audited [3]. - The company has confirmed that the financial information in the quarterly report is true, accurate, and complete, with no false records or significant omissions [2][8]. Shareholder Information - The report includes details about the total number of ordinary shareholders and the top ten shareholders, although specific data on shareholding changes is not applicable [5]. Investor Communication - Investors can participate in the performance briefing via video live stream and online interaction, with the opportunity to submit questions in advance from November 3 to November 7, 2025 [10][11]. - Key personnel attending the briefing include the Chairman and General Manager, as well as the Financial Director [10]. Additional Information - The briefing will be held at the Shanghai Stock Exchange Roadshow Center, and investors can access the event through the provided website [9][10].

Core Viewpoint - Mingxin Xuteng (605068.SH) reported a significant increase in total operating revenue for the first three quarters of 2025, but faced a net loss attributed to shareholders [1] Financial Performance - Total operating revenue reached 1.044 billion yuan, representing a year-on-year growth of 34.21% [1] - The net profit attributable to shareholders was -39.51 million yuan, compared to a net profit of 12.09 million yuan in the same period last year [1] - Basic earnings per share were -0.24 yuan [1]