Market Overview - The metal new materials sector experienced a slight decline of 0.06% on November 20, with Alloy Investment leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Alloy Investment (000633) closed at 7.98, down 6.67% with a trading volume of 701,500 shares and a transaction value of 561 million [1] - Other notable declines included: - Zhongke Magnetic (301141) down 3.44% to 55.07 with a transaction value of 220 million [1] - Bowei Taijin (601137) down 2.58% to 21.18 with a transaction value of 258 million [1] - Jinli Yongci (300748) down 2.32% to 34.50 with a transaction value of 1.22 billion [1] Capital Flow Analysis - The metal new materials sector saw a net outflow of 151 million from main funds, while retail investors contributed a net inflow of 75.99 million [1] - Specific stock capital flows included: - Shenzhen New Star (603978) with a main fund net inflow of 1.05 billion, but a net outflow from retail investors of 46.47 million [2] - Tunan Co. (300855) with a main fund net inflow of 41.86 million, but a significant retail outflow of 3.44 million [2] - Bowei Alloy (601137) recorded a main fund net inflow of 3.88 million, while retail investors saw a net outflow of 2.06 million [2]

（文章来源：证券日报） 标签： (资料图片) 证券日报网讯华达新材11月19日在互动平台回答投资者提问时表示，根据公司三季报披露，截至 2025年9月30日，公司普通股股东总数为18，090户。 ...

证券日报网讯华达新材（605158）11月19日在互动平台回答投资者提问时表示，根据公司三季报披露， 截至2025年9月30日，公司普通股股东总数为18，090户。 ...

Market Overview - The metal new materials sector experienced a decline of 2.16% on November 12, with Longda Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Individual Stock Performance - Notable performers in the metal new materials sector included: - Zhongke Sanhuan (Code: 000970) with a closing price of 13.79, up 1.70% and a trading volume of 313,300 shares [1] - Youyan Powder Materials (Code: 688456) closed at 47.01, up 0.99% with a trading volume of 10,800 shares [1] - Longda Co., Ltd. (Code: 688231) closed at 24.29, down 6.51% with a trading volume of 126,000 shares [2] Capital Flow Analysis - The metal new materials sector saw a net outflow of 1.012 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.104 billion yuan [2] - The capital flow for individual stocks showed varied trends, with Zhongke Sanhuan experiencing a net inflow of 26.0176 million yuan from institutional investors [3]

Core Viewpoint - Huada New Materials (605158.SH) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 4.843 billion yuan, representing a year-on-year decrease of 3.83% [1] - The net profit attributable to shareholders of the parent company was 67.1695 million yuan, down 49.45% year-on-year [1] - The basic earnings per share stood at 0.13 yuan [1]

证券代码：605158 证券简称：华达新材 公告编号：2025-043 浙江华达新型材料股份有限公司 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： 投资者可于 2025 年 11 月 3 日（星期一）至 11 月 7 日（星期五）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 （hdnew@hdnew.cn）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。 浙江华达新型材料股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 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 10 日上午 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 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,741,457,187.31, representing a year-on-year increase of 6.54%[4] - The total profit for the year-to-date period decreased by 49.27% to ¥78,688,762.87[9] - The net profit attributable to shareholders for the year-to-date period was ¥67,169,510.24, down 49.45% compared to the previous year[4] - The company reported a significant decline in the net profit after deducting non-recurring gains and losses, which fell by 55.71% to ¥51,152,745.52 for the year-to-date period[9] - Total operating revenue for the first three quarters of 2025 was CNY 4,842,944,654.68, a decrease of 3.82% compared to CNY 5,035,934,491.36 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 67,169,510.24, a decline of 49.5% from CNY 132,879,066.43 in the same period of 2024[19] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.13, compared to CNY 0.26 in 2024[20] Cash Flow - The net cash flow from operating activities for the current period was ¥53,020,619.43, showing a significant improvement from a negative cash flow of ¥1,023,448,887.92 in the previous year[4] - In the first three quarters of 2025, the net cash flow from operating activities was -1,023,448,887.92, compared to -3,280,972,325.14 in the same period of 2024, showing an improvement[21] - Cash inflow from operating activities totaled 5,872,086,351.25 in 2025, while cash outflow was 6,895,535,239.17, resulting in a net cash flow deficit[21] - The net cash flow from financing activities was -716,016,591.57 in 2025, contrasting with a positive net cash flow of 2,531,000,889.08 in 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,403,636,167.09, an increase of 8.30% from the previous year[5] - The equity attributable to shareholders decreased by 3.33% to ¥2,471,283,980.23 compared to the end of the previous year[5] - Total liabilities increased to CNY 5,932,352,186.86 in 2025 from CNY 5,202,969,696.65 in 2024, marking an increase of 14.05%[17] - The company’s total assets reached CNY 8,403,636,167.09 in 2025, up from CNY 7,759,261,204.30 in 2024, reflecting a growth of 8.29%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,090[11] - The company has a shareholding structure where Zhejiang Huada Group holds 57.65% of the shares, indicating a strong control over the company[12] Operational Metrics - The company's current assets totaled ¥6,763,932,475.66, compared to ¥6,477,268,674.73 at the end of 2024, indicating an increase of about 4.4%[15] - Accounts receivable rose significantly to ¥105,786,171.94 from ¥41,608,399.98, marking an increase of about 154.5%[14] - Inventory increased to ¥1,560,892,236.80 from ¥1,040,246,124.07, which is an increase of approximately 50%[15] - Short-term borrowings decreased to ¥2,209,091,833.34 from ¥2,648,761,588.86, a reduction of about 16.6%[15] - Accounts payable increased to ¥3,376,810,000.00 from ¥2,150,050,000.00, reflecting a growth of approximately 57%[15] - The company reported a significant increase in prepayments, which rose to ¥884,843,636.28 from ¥551,182,165.94, an increase of about 60.5%[14] - The total non-current assets amounted to ¥1,639,703,691.43, up from ¥1,281,992,529.57, indicating a growth of approximately 28%[15] Expenses and Subsidies - The company received government subsidies amounting to ¥1,324,854.16 during the current period, contributing to its financial performance[7] - Research and development expenses for the first three quarters of 2025 were CNY 159,363,748.75, slightly down from CNY 160,877,681.08 in 2024[18] Cash and Investment Activities - Cash and cash equivalents decreased to ¥3,888,264,741.52 from ¥4,663,617,213.06, representing a decline of approximately 16.5%[14] - The ending cash and cash equivalents balance for 2025 was 776,438,391.59, a decrease from 2,201,706,198.92 in 2024[22] - Investment activities generated a net cash flow of -145,786,853.92 in 2025, a decline from a positive net cash flow of 1,138,479,612.01 in 2024[22] - Cash inflow from investment activities was 7,269,222,202.82 in 2025, significantly higher than 3,295,619,149.24 in 2024[22] Accounting Standards - The company has adopted new accounting standards starting in 2025, which may affect the financial statements[23]

Market Overview - The metal new materials sector experienced a decline of 1.41% on October 23, with Xinlaifu leading the drop [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Notable gainers in the metal new materials sector included: - Zhongzhou Special Materials (300963) with a closing price of 23.14, up 3.21% and a trading volume of 604,700 shares, totaling 1.361 billion yuan [1] - Tianli Composite (920576) closed at 30.51, up 0.93% with a trading volume of 25,900 shares [1] - Platinum New Materials (300811) closed at 72.51, up 0.92% with a trading volume of 85,100 shares [1] - Major decliners included: - Xinlaifu (301323) closed at 64.22, down 6.95% with a trading volume of 86,100 shares [2] - Antai Technology (000969) closed at 20.18, down 5.39% with a trading volume of 2,151,700 shares, totaling 4.403 billion yuan [2] - Ni'an New Materials (688786) closed at 29.69, down 3.13% with a trading volume of 25,200 shares [2] Capital Flow - The metal new materials sector saw a net outflow of 690 million yuan from institutional investors, while retail investors contributed a net inflow of 668 million yuan [2] - The capital flow for specific stocks showed: - Zhongzhou Special Materials had a net outflow of 31.87 million yuan from institutional investors [3] - Platinum New Materials experienced a net inflow of 31.67 million yuan from institutional investors [3] - Other stocks like Jiangnan New Materials (603124) and Huada New Materials (605158) also showed varied capital flows with net inflows and outflows from different investor types [3]

Core Insights - The metal new materials sector experienced a significant increase of 6.99% on October 13, with Galaxy Magnet leading the gains [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Sector Performance - Galaxy Magnet (300127) saw a closing price of 38.74, with a remarkable increase of 20.01% and a trading volume of 389,900 shares [1] - New Laifu (301323) also rose by 20.00%, closing at 63.42 with a trading volume of 56,100 shares [1] - Other notable performers included Jinli Permanent Magnet (300748) with a 17.60% increase, closing at 46.90, and Zhongzhou Special Materials (300963) with a 13.85% increase, closing at 26.38 [1] Capital Flow - The metal new materials sector saw a net inflow of 384 million yuan from institutional investors, while retail investors experienced a net outflow of 118 million yuan [2] - The main capital inflow was concentrated in Galaxy Magnet, which had a net inflow of 237 million yuan, accounting for 16.69% of its trading volume [3] - Other companies like Zhenghai Magnetic Materials (300224) and Antai Technology (000969) also attracted significant institutional investment, with net inflows of 168 million yuan and 90 million yuan, respectively [3]

Core Viewpoint - Zhejiang Huada New Materials Co., Ltd. has successfully completed its share repurchase plan, acquiring a total of 10,841,920 shares, which represents 2.12% of the company's total share capital, with a total expenditure of 100.66 million yuan (excluding transaction fees) [7][11]. Summary by Sections Share Repurchase Approval and Plan - The company approved a share repurchase plan on October 18, 2024, with a budget of no less than 100 million yuan and no more than 200 million yuan, using self-owned funds [2]. - The repurchase price was set at a maximum of 11.85 yuan per share, with the repurchase period lasting 12 months from the board's approval [2]. Adjustments to the Repurchase Plan - On November 14, 2024, the company adjusted the funding source for the repurchase from "self-owned funds" to "self-owned funds and self-raised funds," while other aspects of the plan remained unchanged [3]. - Following the annual equity distribution on June 19, 2025, the maximum repurchase price was adjusted to 11.70 yuan per share [4]. Progress of Share Repurchase - As of September 2025, the company had repurchased 912.41 million shares, accounting for 1.78% of the total share capital, with a total expenditure of 85.89 million yuan [5]. - By October 10, 2025, the total repurchased shares reached 1,084.19 million, representing 2.12% of the total share capital, with a total expenditure of 100.66 million yuan [5][7]. Implementation of the Repurchase - The first share repurchase was executed on November 5, 2024, and the plan was completed by October 10, 2025, with no discrepancies from the original plan [7]. - The repurchased shares will be used for employee stock ownership plans or equity incentives, and any untransferred shares within three years will be canceled [11]. Stock Trading by Related Parties - During the repurchase period, the company's major shareholders and actual controllers did not trade the company's stock, while some directors and senior management increased their holdings [8][9].