证券代码：605376 证券简称：博迁新材 公告编号：2025-039 江苏博迁新材料股份有限公司 减持计划的主要内容 新辉投资计划通过大宗交易的方式减持公司股份数量不超过 2,616,000 股， 减持比例不超过公司总股本的 1%。本减持计划自公告披露之日起 15 个交易日后 的 3 个月内实施。减持期间公司若实施送股、资本公积转增股本、配股等能够导 致公司总股本发生变动的事项，则上述计划减持股份数和比例将相应进行调整。 | 股东名称 | 新辉投资控股有限公司 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | √是 | □否 | | | 董事、监事和高级管理人员 | □是 | √否 | | | 其他：无 | | | 一、减持主体的基本情况 1 | 持股数量 | 13,080,000股 | | --- | --- | | 持股比例 | 5% | | 当前持股股份来源 | IPO 前取得：13,080,000股 | 股东大宗交易减持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容 ...

Core Viewpoint - The AI Fund Zhaoshang China Opportunity Stock (001749) reported a profit of 4.3172 million yuan for Q2 2025, with a weighted average profit per fund share of 0.0328 yuan, indicating a net value growth rate of 2.48% during the period [3]. Fund Performance - As of the end of Q2 2025, the fund's scale was 183 million yuan [15]. - The fund's unit net value was 1.452 yuan as of July 17 [3]. - The fund manager, Li Huajian, oversees two funds, both of which have shown positive returns over the past year [3]. - The fund's one-year compounded net value growth rate reached 18.53%, ranking it 87 out of 166 comparable funds [3]. - Over the past three months, the fund's compounded net value growth rate was 9.75%, ranking 86 out of 167 comparable funds [3]. - The fund's six-month compounded net value growth rate was 5.60%, ranking 122 out of 167 comparable funds [3]. - The fund's three-year compounded net value growth rate was -29.86%, ranking 141 out of 159 comparable funds [3]. Risk Metrics - The fund's three-year Sharpe ratio was -0.2043, ranking 130 out of 159 comparable funds [8]. - The maximum drawdown over the past three years was 50.43%, ranking 14 out of 158 comparable funds [10]. - The largest single-quarter drawdown occurred in Q1 2021, at 23.46% [10]. Investment Strategy - The fund management remains optimistic about the structural market trends in A-shares, citing improvements in domestic economic growth and structural transformation [3]. - The fund is particularly focused on investment opportunities in sectors such as AI, pharmaceuticals, military industry, and media [3]. Portfolio Composition - As of the end of Q2 2025, the fund's top ten holdings included Changying Tong, Zhongke Feice, Jingyi Equipment, Boqian New Materials, Youfang Technology, Hudian Co., Changchuan Technology, Xinyi Sheng, Jinqiao Information, and Chip Origin Technology [18]. - The average stock position over the past three years was 89.19%, compared to the industry average of 87.97% [13]. - The fund reached a maximum stock position of 93.14% at the end of H1 2025, with a minimum of 79.84% at the end of H1 2024 [13].

Investment Rating - The investment rating for the industry is "Positive" (maintained) [3] Core Views - The photovoltaic manufacturing industry is currently facing challenges due to unclear downstream demand expectations and excess upstream capacity. However, the implementation of Document No. 136 is expected to clarify demand expectations, leading to improvements in both supply and demand dynamics within the industry [4][20] - The energy storage sector is experiencing a significant increase in project bidding, with June 2025 seeing a record high of 62.8 GWh in public bidding capacity, a 228% increase compared to June 2024 [5][9] - The photovoltaic sector is anticipated to rebound due to the "anti-involution" plan aimed at reducing excess capacity and promoting sustainable development within the industry [17][18] Summary by Sections Energy Storage - The energy storage industry is in a transitional phase, with ongoing government support expected to maintain resilient demand for storage projects. Key companies to watch include Haibo Shichuang and Sungrow Power [14][17] - The regions with high renewable energy penetration, such as Inner Mongolia, Ningxia, Xinjiang, and Hebei, are showing positive attitudes towards supporting energy storage projects [14][15] Photovoltaics - The photovoltaic sector is experiencing rapid capacity growth, outpacing demand, leading to significant losses for companies. The "anti-involution" plan aims to address this by facilitating the exit of outdated capacity and stabilizing prices [17][18] - The price of polysilicon has seen a dramatic decline, dropping from 65 RMB/kg at the beginning of 2024 to 35 RMB/kg by July 2025, but there are signs of recovery [18][19] - Companies to focus on include Tongwei Co., GCL-Poly Energy, and Xinte Energy in the polysilicon segment, and new technology firms like BQ Materials and Aiko Solar in the photovoltaic technology space [4][20]

Investment Rating - Industry rating: Recommended [5] Core Insights - The humanoid robot industry is expected to accelerate towards mass production due to breakthroughs in AI technology and increasing domestic and international enterprise layouts, with strong demand for domestic replacement of core components [12][15] - The domestic new energy vehicle (NEV) market is experiencing rapid growth, with production and sales in June exceeding 25% year-on-year, driven by technological advancements in vehicle performance [16][18] - The photovoltaic industry chain has seen a significant price increase across the board, with policies promoting orderly competition and a solidified industry foundation [24][29] - The approval of the UK's 1.5GW Mona offshore wind project marks a significant advancement in the European offshore wind sector, with expectations for further auctions and orders in the second half of the year [25][27] Humanoid Robots - The humanoid robot sector is witnessing increased participation from major tech companies, with a focus on the T-chain and domestic supply chain developments, indicating a robust market opportunity [12][15] - Key components such as dexterous hands and lightweight materials are expected to see significant advancements, enhancing the efficiency and application of humanoid robots [13][15] New Energy Vehicles - The NEV sector is in a growth phase, with new models enhancing performance and cost-effectiveness, supported by advancements in solid-state batteries and other technologies [16][18] - The demand for lithium battery materials is expected to expand due to the recovery of the consumer electronics market and the growth of energy storage applications [20][22] Photovoltaic Industry - The photovoltaic industry is experiencing a price surge due to supply chain adjustments and policy support, with specific beneficiaries identified in the silicon material and battery sectors [24][29] - The market is expected to stabilize as inventory levels decrease and production capacity is adjusted, with a focus on high-efficiency products and new technologies [30][32] Offshore Wind Power - The approval of the Mona offshore wind project is anticipated to stimulate further developments in the offshore wind sector across Europe, with domestic companies poised to benefit from upcoming orders [25][27] - The demand for offshore wind components is expected to rise, driven by both domestic and international projects, creating opportunities for companies involved in the supply chain [43][45]

Investment Rating - The report rates the photovoltaic industry as "Overweight" indicating an expectation for the industry to outperform the overall market [3][9]. Core Insights - The price of polysilicon has been continuously rising, currently near the full cost of leading companies, with spot prices reaching 44,500 CNY/ton, which is close to the estimated full cost range of 42,000 to 51,000 CNY/ton for top polysilicon producers [3]. - The price increases in the supply chain are expected to lead to higher component prices, with downstream prices for silicon wafers and batteries also rising, indicating a successful price transmission within the industry [3]. - The anticipated price increases are expected to benefit export profitability, mitigating concerns over domestic demand declines in the second half of the year, as overseas market demand is gradually increasing [3]. Summary by Sections Price Trends - Polysilicon prices have surged, with N-type dense material quoted at 44,500 CNY/ton, reflecting a daily increase of 5,500 CNY/ton [1]. - Silicon wafer prices for N-type 182 and 210 sizes have increased by 13.64% and 13.45%, respectively, indicating a cascading effect of price increases throughout the supply chain [1]. Industry Dynamics - The report highlights a positive feedback loop in the industry, driven by self-discipline and anti-involution measures, which are expected to sustain the upward trend in polysilicon prices [3]. - The report suggests that the price increases will not lead to a rise in polysilicon production rates due to industry self-regulation [3]. Investment Recommendations - The report recommends focusing on companies such as Tongwei Co., Daqo New Energy, and GCL-Poly Energy, which are expected to benefit from rising polysilicon prices [3]. - It also highlights companies with independent alpha trends, including Aiko Solar and LONGi Green Energy, as well as auxiliary material companies like Foster and Flat Glass [3].

Performance Forecast - The company expects to achieve a net profit attributable to shareholders of between 93 million to 110 million yuan for the first half of 2025, representing an increase of 38.42 million to 55.42 million yuan compared to the same period last year, with a year-on-year growth of 70.40% to 101.55% [1][3] - The net profit after deducting non-recurring gains and losses is expected to be between 86 million to 102 million yuan, with an anticipated increase of 42.34 million to 58.34 million yuan compared to the previous year, reflecting a year-on-year growth of 96.96% to 133.61% [1][3] Previous Year Performance - In the same period last year, the net profit attributable to shareholders was 54.5774 million yuan, and the net profit after deducting non-recurring gains and losses was 43.6626 million yuan [1] Reasons for Performance Improvement - The improvement in performance is attributed to the sustained recovery in the consumer electronics market and increased demand for high-performance MLCCs driven by AI servers and other terminal devices, leading to a significant enhancement in the company's main business and product sales structure [1]

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates significant growth in H1 2025 net profit attributable to shareholders and non-recurring net profit, with year-on-year increases of **70.40% to 101.55%** and **96.96% to 133.61%**, respectively [Performance Forecast Period](index=1&type=section&id=(I)%20Performance%20Forecast%20Period) The company specifies the forecast period for H1 2025 as January 1 to June 30, 2025, applicable when net profit increases by over 50% year-on-year - The performance forecast period is from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) - This performance forecast applies to situations where profitability is achieved, with net profit increasing by over **50%** year-on-year[3](index=3&type=chunk) [Performance Forecast Details](index=1&type=section&id=(II)%20Performance%20Forecast%20Details) The company anticipates significant growth in H1 2025 net profit attributable to shareholders and non-recurring net profit, with year-on-year increases of **70.40% to 101.55%** and **96.96% to 133.61%**, respectively Key Financial Indicators for H1 2025 Performance Forecast | Indicator | Estimated Amount (RMB 10,000) | Year-on-Year Growth Rate (%) | Year-on-Year Increase (RMB 10,000) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 9,300.00 - 11,000.00 | 70.40 - 101.55 | 3,842.26 - 5,542.26 | | Net Profit Excluding Non-Recurring Items | 8,600.00 - 10,200.00 | 96.96 - 133.61 | 4,233.74 - 5,833.74 | - This performance forecast represents preliminary data from the company's finance department and has not been audited by a certified public accountant[5](index=5&type=chunk) [Prior Period Performance Review](index=2&type=section&id=II.%20Prior%20Period%20Performance%20Review) The company disclosed H1 2024 net profit attributable to shareholders, non-recurring net profit, and earnings per share, providing a benchmark for the current forecast H1 2024 Performance Review | Indicator | Amount (RMB 10,000) | | :--- | :--- | | Net Profit Attributable to Shareholders | 5,457.74 | | Net Profit Excluding Non-Recurring Items | 4,366.26 | | Earnings Per Share (RMB) | 0.21 | [Primary Reasons for Forecasted Performance Increase](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Forecasted%20Performance%20Increase) Significant performance growth is driven by sustained recovery in consumer electronics demand and increased need for high-performance MLCCs in AI servers, improving core business and product mix - Demand in the downstream consumer electronics market continues its **2024 recovery trend**[8](index=8&type=chunk) - Demand for high-performance MLCCs in terminal equipment such as **AI servers** is increasing[8](index=8&type=chunk) - The company's main business continues to improve, with a significant optimization in its sales product structure[8](index=8&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company warns that this performance forecast is preliminary, unaudited, but currently lacks significant uncertainties affecting its accuracy - This performance forecast has not been audited by a certified public accountant and represents preliminary calculations by the company's finance department[9](index=9&type=chunk) - The company currently has no significant uncertainties that would affect the accuracy of this performance forecast[9](index=9&type=chunk) [Other Explanations](index=2&type=section&id=V.%20Other%20Explanations) The company reiterates that forecast data is preliminary and unaudited, advising investors to note investment risks, with final accurate data subject to the official H1 2025 report - The above forecast data represents preliminary calculations by the company's finance department and has not been audited by a certified public accountant[10](index=10&type=chunk) - The specific and accurate financial data will be subject to the company's officially disclosed H1 2025 report[10](index=10&type=chunk) - Investors are kindly reminded to pay attention to investment risks[10](index=10&type=chunk)

Group 1 - The core point of the announcement is that Jiangsu Boqian New Materials Co., Ltd. has had a significant shareholder, Zhongzhi Jucheng, release a portion of its pledged shares, resulting in no remaining pledged shares [1][2] - As of the announcement date, Zhongzhi Jucheng holds 14,181,000 shares, representing 5.42% of the total shares of the company [1] - The specific details of the release include 100,000 shares being released from pledge, which is 0.71% of Zhongzhi Jucheng's holdings and 0.04% of the company's total share capital [1] Group 2 - There are no other pledged shares remaining for Zhongzhi Jucheng after this release, and it does not have any plans for subsequent pledges at this time [2] - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations if any future pledge situations arise [1][2]

证券代码：605376 证券简称：博迁新材 公告编号：2025-037 | 股东名称 | 宁波众智聚成创业投资合伙企业（有限合伙） | | --- | --- | | 本次解除质押股份（股） | 100,000 | | 占其所持股份比例（%） | 0.71 | | 占公司总股本比例（%） | 0.04 | | 解除质押时间 | 2025 年 7 月 4 日 | | 持股数量（股） | 14,181,000 | | 持股比例（%） | 5.42 | | 剩余被质押股份数量（股） | 0 | | 剩余被质押股份数量占其所持股份比例（%） | 0 | | 剩余被质押股份数量占公司总股本比例（%） | 0 | 本次解除质押的股份暂无后续质押计划，未来如有相关质押情形，公司将根 1 据相关法律法规要求及时履行信息披露义务。 江苏博迁新材料股份有限公司 关于 5%以上股东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个别及连带责任。 重要内容提示： 截至本公告披露日，江苏博迁新材料股份有限公司（以下简称"公司"） 5%以上股东宁 ...

Group 1 - As of July 4, the metal nickel concept declined by 2.22%, ranking among the top declines in the concept sector, with companies like Dao's Technology, Feinan Resources, and Xiangtan Electrochemical showing significant drops [1][2] - Within the metal nickel concept, there were 30 stocks experiencing net outflows of main funds, with a total outflow of 1.36 billion yuan, and 8 stocks seeing outflows exceeding 50 million yuan [2][3] - The leading stock in terms of net outflow was Dao's Technology, which saw a net outflow of 217 million yuan, followed by Luoyang Molybdenum, Huayou Cobalt, and Xiangtan Electrochemical with net outflows of 191 million yuan, 186 million yuan, and 144 million yuan respectively [2][3] Group 2 - The top gainers in the metal nickel concept included two stocks, with both Blue Sky Technology and Xingye Silver Tin rising by 0.42% [1][2] - The overall market sentiment for the metal nickel sector appears negative, as indicated by the significant net outflows and the majority of stocks experiencing declines [2][3] - The trading volume and turnover rates for the stocks in the metal nickel concept varied, with Dao's Technology showing a turnover rate of 12.61% despite a decline of 6.13% [3]