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， ...

[Performance Forecast Overview](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a shift from profit to loss in H1 2025, with significant year-over-year declines in both net profit and non-recurring adjusted net profit Comparison of H1 2025 Performance Forecast with Prior Period | Indicator | H1 2025 (Forecast) | H1 2024 (Actual) | YoY Change (Forecast) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | -5.1 million CNY to -3.5 million CNY | 41.9249 million CNY | -108.35% to -112.16% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | -39 million CNY to -29 million CNY | 22.5030 million CNY | -228.87% to -273.31% | | Basic Earnings Per Share | N/A | 0.13 CNY/share | N/A | [Analysis of Performance Changes](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Performance%20Changes%20in%20Current%20Period) The shift from profit to loss is primarily driven by intensified competition, increased asset impairment, reduced idle fund income, and higher expenses from new subsidiaries - Despite an increase in product sales volume year-over-year, intensified industry competition led to a decrease in average selling prices, resulting in a decline in both **operating revenue** and **gross profit**[9](index=9&type=chunk) - **Asset impairment** increased compared to the prior period, primarily due to impairment losses from **inventory write-downs**[9](index=9&type=chunk) - During the reporting period, **reduced income from idle fund management** and **increased initial investment expenses** for wholly-owned subsidiaries collectively **negatively impacted net profit**[10](index=10&type=chunk) [Future Outlook and Risk Warning](index=3&type=section&id=IV.%20Risk%20Warning) The company plans to enhance subsidiary operational capabilities in H2 2025 and reminds investors that this preliminary forecast is subject to final audited results - The company plans to enhance **subsidiary operational capabilities** in **H2 2025** to comprehensively improve **overall business efficiency** and strengthen **sustainable development momentum**[10](index=10&type=chunk) - This performance forecast is a **preliminary calculation** by the company's finance department and has **not yet been audited** by a certified public accountant; the final accurate data will be based on the company's **officially disclosed 2025 semi-annual report**[11](index=11&type=chunk)[12](index=12&type=chunk)

Core Viewpoint - The company, Morning Light New Materials (605399), anticipates a significant decline in net profit for the first half of 2025, projecting a loss between 5.1 million to 3.5 million yuan, which represents a year-on-year decrease of 45.42 million to 47.02 million yuan, equating to a decline of 108.35% to 112.16% compared to the same period last year [1] Financial Performance - The expected net profit attributable to shareholders for the first half of 2025 is projected to be between -5.1 million to -3.5 million yuan, indicating a substantial decrease of 45.42 million to 47.02 million yuan year-on-year [1] - The anticipated net profit, excluding non-recurring gains and losses, is expected to range from -39 million to -29 million yuan, reflecting a decrease of 51.50 million to 61.50 million yuan compared to the previous year [1] - This results in a year-on-year decline of 228.87% to 273.31% for the adjusted net profit [1]

New Stock Issuance - Shanda Electric (Stock Code: 301609) issued at a price of 14.66[1] - Jiyuan Group (Stock Code: 732262) issued at a price of 10.88[1] Market Alerts - Jichuan Pharmaceutical (Stock Code: 600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - The last trading day for Tuisan Jinguang (Stock Code: 600190) is July 14, 2025, with 4 trading days remaining[1] - The last trading day for Tuisan Jinjing (Stock Code: 900952) is also July 14, 2025, with 4 trading days remaining[1] Abnormal Fluctuations - *ST Zitian (Stock Code: 300280) reported severe abnormal fluctuations on July 10, 2025[1] - *ST Yushun (Stock Code: 002289) reported abnormal fluctuations on July 11, 2025[1] Other Notable Announcements - Longyuan Green Energy (Stock Code: 603185) announced on July 11, 2025[1] - Kedi Pharmaceutical (Stock Code: 000590) announced on July 14, 2025[1]

Group 1 - The core viewpoint of the article highlights the significant movement in the organic silicon sector, particularly the surge in stock prices of companies like Morning Light New Materials, which achieved a three-day consecutive limit-up [1] - The announcement from Dow regarding the closure of its siloxane facility in the UK due to cost pressures in Europe is a critical factor influencing the market [1] - The closure is expected to begin in mid-2026 and be completed by the end of 2027, affecting a production capacity of 145,000 tons of DMC, which represents 3% of global capacity and 13.7% of overseas capacity [1] Group 2 - Other companies in the organic silicon sector, such as Morning Chemical, Hongbo New Materials, Silica Treasure Technology, Runhe Materials, and Dongyue Silicon Materials, also experienced price increases following the news [1] - The market reaction indicates a potential shift in supply dynamics within the organic silicon industry due to the impending closure of Dow's facility [1]

Group 1 - The organic silicon sector experienced a short-term surge, with Morning Light New Materials (605399) hitting the daily limit up [1] - Other companies in the sector, such as Silicon Treasure Technology (300019), Huitian New Materials (300041), Runhe Materials (300727), Jianghan New Materials (603281), and Jitai Co., Ltd. (002909), also saw significant increases in their stock prices [1]

Core Viewpoint - The stock price of Jiangxi Chenguang New Materials Co., Ltd. experienced a significant fluctuation, with a cumulative increase of 20% over two consecutive trading days, prompting the company to clarify its operational status and confirm no undisclosed major events [2][4]. Group 1: Stock Price Fluctuation - The company's stock price rose significantly on July 10 and July 11, 2025, with a cumulative closing price increase of 20%, which is classified as an abnormal stock fluctuation according to the Shanghai Stock Exchange rules [2][4]. - The company has conducted a self-examination and confirmed that its operational activities are normal, with no significant changes in market conditions or internal operations [5]. Group 2: Financial Performance - In the fiscal year 2024, the company reported an operating income of 1,159.65 million yuan, a decrease of 0.42% compared to the previous year, and a net profit attributable to shareholders of 41.36 million yuan, down 59.14% year-on-year [2]. - For the first quarter of 2025, the company achieved an operating income of 232.52 million yuan, a decline of 15.09% year-on-year, and reported a net loss of 4.73 million yuan, representing a decrease of 118.44% compared to the same period last year [2]. Group 3: Major Events and Information Disclosure - The company has confirmed that there are no undisclosed major events or significant information that should have been disclosed, including major asset restructuring, share issuance, or significant business cooperation [6][10]. - No media reports or market rumors have been identified that could significantly impact the company's stock price [7].

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"）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。 证券代码：605399 证券简称：晨光新材 公告编号：2025-029 江西晨光新材料股份有限公司 股票交易异常波动公告 经公司自查并通过向控股股东、实际控制人书面发函查证，截至本公告 披露日，公司经营情况正常，不存在应披露而未披露的重大事项。 2024 年度，公司实现营业收入 115,965.35 万元，较上年同期下降 0.42%； 实现归属于上市公司股东的净利润 4,136.01 万元，较上年同期下降 59.14%；实 现归属于上市公司股东的扣除非经常性损益的净利润 895.06 万元，较上年同期 下降 84.64%；2025 年第一季度，公司实现营业收入 23,252.18 万元，较上年同期 下降 15.09%；实现归属于上 ...

《关于江西晨光新材料股份有限公司股票交易异常 波动的问询函》的回复 江西晨光新材料股份有限公司: 江西晨光新材料股份有限公司（以下简称"晨光新材"）发 来的《关于江西晨光新材料股份有限公司股票交易异常波动的问 询函》已收悉,江苏建丰投资有限公司（以下简称"本公司"） 作为晨光新材的控股股东,本公司严格遵守《公司法》、《证券 法》、《江西晨光新材料股份有限公司章程》和其他法律法规的 相关规定,经认真自查核实,现就该问询函的相关问题回复如下: 一、截至目前,本公司未在筹划涉及晨光新材的重大资产重 组、股份发行、重大交易类事项、业务重组、股份回购、股权激 励、破产重整、重大业务合作、引进战略投资者等重大事项。 二、在晨光新材股票交易异常波动期间,本公司不存在买卖 晨光新材股票的情况。 三、本公司不存在对晨光新材股价产生较大影响的应披露而 未披露的其他重大事项。 特此复函。 (以下无正文,签署页附后) (本页无正文,为《关于〈江西晨光新材料股份有限公司股票交 易异常波动的问询函>的回复》之签署页) 控股股东:江炭 日 法 2020 《关于江西晨光新材料股份有限公司股票交易异常 波动的问询函》的回复 江西晨光新材料股份 ...