证券代码：605399 证券简称：晨光新材 公告编号：2025-032 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/25 | － | 2025/7/28 | 2025/7/28 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 江西晨光新材料股份有限公司2024年年度权益分派实 施公告 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： 每股分配比例 A 股每股现金红利0.10元（含税） 本次利润分配方案经公司2025 年 6 月 5 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 公司于 2025 年 6 月 5 日召开 2024 年年度股 ...

Core Viewpoint - Morning Light New Materials (605399.SH) has issued a profit warning, predicting a net loss of 3.5 to 5.1 million yuan for the first half of 2025, marking a year-on-year decline of 108.35% to 112.16% [1][2]. Group 1: Financial Performance - The company's non-recurring net profit is expected to decline sharply by 228.87% to 273.31%, with losses projected between 29 to 39 million yuan, reaching a new low since its listing [1][2]. - Morning Light's stock price peaked at 18.44 yuan per share on the announcement day, following three consecutive days of trading at the upper limit [2]. - The gross profit margin has plummeted from a high of 42.56% in 2021 to 14.84% in 2024, with a net profit margin turning negative at -2.04% in the first quarter of 2025 [10][15]. Group 2: Industry Context - The functional silane industry is facing an oversupply crisis, with production capacity expected to reach 70.25 million tons in 2024, while demand is only projected at 27.25 million tons, indicating a significant supply-demand imbalance [3][4]. - The average selling prices of key products are declining, with amino silane prices dropping by 19.1% from 25,148.61 yuan/ton in 2023 to 20,344.83 yuan/ton in 2024 [6][7]. - The overall market size for the functional silane industry is only 5.773 billion yuan, slightly above Morning Light's market capitalization [5]. Group 3: Operational Challenges - The company is experiencing increased construction costs and a decline in product prices due to oversupply, which has led to a significant drop in profitability [2][13]. - Morning Light's debt levels have surged, with the debt-to-asset ratio rising from 10.36% in 2022 to 33.75% in the first quarter of 2025 [15]. - Cash flow from operating activities has drastically decreased, with a projected cash flow of 40.36 million yuan in 2024, down 80% year-on-year, and a net outflow of 16.36 million yuan in the first quarter of 2025 [18]. Group 4: Future Outlook - Despite the challenging market conditions, the company is continuing to expand its production capacity, which may further strain its financial resources [14][19]. - The risk of inventory devaluation is significant, with a reported inventory balance of 210 million yuan as of the end of 2024, representing 13% of current assets [18]. - Analysts suggest that the ongoing price wars and increased competition from larger firms may further exacerbate the company's financial difficulties [9][19].

晨光新材："年产2.3万吨特种有机硅材料项目"中气凝胶的设计产能为2000吨/年 智通财经7月17日电，晨光新材(605399.SH)公告称，公司"年产2.3万吨特种有机硅材料项目"中气凝胶的 设计产能为2000吨/年，并已处于正式生产阶段。此外，全资子公司安徽晨光新材料有限公司"年产30万 吨功能性硅烷项目"处于全面建设阶段。全资子公司宁夏晨光新材料有限公司"年产30万吨硅基及气凝胶 新材料项目"一期已于2024下半年达到试生产条件，2025年将继续推进项目二期建设及项目三期的规划 工作。 ...

（原标题：晨光新材跌停，上榜营业部合计净卖出1047.43万元） 7月15日公司发布上半年业绩预告，预计实现净利润-510.00万元至-350.00万元，同比变动区间为-112.16%~-108.35%。（数据宝） 晨光新材7月16日交易公开信息 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 华泰证券股份有限公司南京中山东路第二证券营业部 | 1697.02 | | | 买二 | 东方财富证券股份有限公司拉萨金融城南环路证券营业部 | 703.26 | | | 买三 | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | 699.90 | | | 买四 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | 662.19 | | | 买五 | 东方财富证券股份有限公司昌都两江大道证券营业部 | 649.59 | | | 卖一 | 华泰证券股份有限公司南京中山东路第二证券营业部 | | 1580.74 | | 卖二 | 中国银河证券股份有限公司北京中关村大街证券营业部 | | 1274.38 | | 卖三 | ...

Core Viewpoint - Jiangxi Chenguang New Materials Co., Ltd. has experienced significant stock price fluctuations, with a cumulative increase of 20% over two consecutive trading days, leading to a warning about potential irrational trading behavior [2][6]. Group 1: Stock Price Fluctuations - The company's stock price increased by a cumulative 20% on July 10 and July 11, 2025, indicating abnormal trading conditions [2]. - As of July 14, 2025, the stock hit the daily limit again, marking three consecutive days of limit-up trading [2]. - The company has advised investors to make rational investment decisions due to the significant stock price increase and the uncertainty surrounding its future operations [2][6]. Group 2: Business Operations - As of the announcement date, the company's production and operational activities are normal, with no significant changes in market conditions or industry policies [3]. - The company has confirmed that there are no undisclosed major events affecting stock price fluctuations, including significant asset restructuring or major transactions [4]. Group 3: Financial Performance - The company expects a net loss attributable to shareholders of between -5.1 million and -3.5 million yuan for the first half of 2025, a decrease of 45.42 million to 47.02 million yuan compared to the same period last year, representing a year-on-year decline of 108.35% to 112.16% [7][12]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between -39 million and -29 million yuan, a decrease of 51.50 million to 61.50 million yuan compared to the previous year, indicating a year-on-year decline of 228.87% to 273.31% [7][12]. Group 4: Industry Comparison - The company operates in the chemical raw materials and chemical products manufacturing sector, with a static industry price-to-earnings (P/E) ratio of 24.53 times, while the company's latest P/E ratio stands at 115.30 times, significantly higher than the industry average [8].

Group 1 - The company expects a net profit attributable to shareholders for the first half of 2025 to be between -5.1 million and -3.5 million yuan, representing a decrease of 45.42 million to 47.02 million yuan compared to the same period last year, a year-on-year decline of 108.35% to 112.16% [1][2] - The company anticipates a net profit attributable to shareholders after deducting non-recurring gains and losses to be between -39 million and -29 million yuan, which is a decrease of 51.50 million to 61.50 million yuan compared to the same period last year, a year-on-year decline of 228.87% to 273.31% [1][2] - The main reasons for the performance decline include a decrease in product prices compared to the previous year, a decline in operating income, and an increase in asset impairment, particularly related to inventory write-downs [2] Group 2 - The previous year's net profit attributable to shareholders for the first half of 2024 was approximately 41.92 million yuan, with a basic earnings per share of 0.13 yuan [2] - The company has experienced an increase in expenses compared to the previous year, which has also negatively impacted net profit [2] - The company is focusing on upgrading the operational capabilities of its subsidiaries to enhance overall operational efficiency and strengthen sustainable development [2]

Core Viewpoint - The A-share market shows mixed performance with over 3100 stocks rising, while specific sectors like organic silicon and coal stocks demonstrate notable strength, contrasting with declines in real estate and certain financial sectors [1][2][3]. Sector Summaries Organic Silicon Sector - The organic silicon concept saw a significant afternoon rally, with Morning Light New Materials (晨光新材, 605399) hitting the daily limit and achieving a cumulative increase of over 33% in the last three trading days [6][9]. - Other companies in this sector, such as Morning Chemical (晨化股份) and Hongbai New Materials (宏柏新材), also experienced gains exceeding 6% [6]. - The demand for organic silicon products in China remains strong, driven by growth in electronics, new energy vehicles, and photovoltaic sectors, with expectations for continued demand increase [9][10]. Coal Sector - Coal stocks experienced a short-term surge, with Zhengzhou Coal Electricity (郑州煤电) reaching the daily limit and closing up by 5% [12][14]. - The electricity load in China hit a historical high, with a peak of 1.465 billion kilowatts, indicating a tight power supply and increased coal consumption expectations during the summer [15]. - Analysts predict that coal prices will maintain upward momentum due to high power plant coal consumption and low inventory levels [15][16]. Market Performance - The Shanghai Composite Index rose by 0.27%, while the Shenzhen Component and the ChiNext Index fell by 0.11% and 0.45%, respectively, indicating a mixed market sentiment [3].

证券代码：605399 证券简称：晨光新材 公告编号：2025-031 江西晨光新材料股份有限公司 股票交易风险提示公告 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： 江西晨光新材料股份有限公司（以下简称"公司"或"晨光新材"）股票 价格于 2025 年 7 月 10 日、2025 年 7 月 11 日连续两个交易日内收盘价格涨幅偏 离值累计达 20%。根据《上海证券交易所交易规则》的有关规定，属于股票异常 波动情形。公司已于 2025 年 7 月 12 日披露《晨光新材股票交易异常波动公告》 （公告编号：2025-029）。 截至 2025 年 7 月 14 日，公司股票再次涨停，已连续三个交易日涨停； 鉴于公司近期股票涨幅较大以及公司未来生产经营的不确定性风险，敬请广大投 资者理性投资，审慎决策。 经公司自查，并向控股股东及实际控制人函证核实，截至本公告披露日，除 了在指定媒体上已公开披露的信息外，不存在其他影响公司股票交易价格异常波 动的重大事宜；不存在其他涉及本公司应披露而未披露的重大事项或重大信息， ...

证券代码：605399 证券简称：晨光新材 公告编号：2025-030 江西晨光新材料股份有限公司 2025 年半年度业绩预告 公司预计 2025 年半年度实现归属于上市公司股东的扣除非经常性损 益的净利润为-3,900 万元至-2,900 万元，与上年同期（法定披露数据）相比， 将减少 5,150.30 万元至 6,150.30 万元，同比减少 228.87%至 273.31%。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 6 月 30 日 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： 本期业绩预告适用于净利润为负值的情形。 江西晨光新材料股份有限公司（以下简称"公司"）预计 2025 年半年 度实现归属于上市公司股东的净利润为-510 万元至-350 万元，与上年同期 （法定披露数据）相比，将减少 4,542.49 万元至 4,702.49 万元，同比减少 108.35%至 112.16%。 1 （二）业绩预告情况 1、经财务部门初步测算，预计 2025 年半年 ...

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