经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意陕西斯 瑞新材料股份有限公司向特定对象发行股票注册的批复》（证监许可[2025]1782 号），同意陕西斯瑞新材料股份有限公司（简称"斯瑞新材"、"发行人"或"公 司"）向特定对象发行 A 股股票的注册申请。 国泰海通证券股份有限公司（以下简称"国泰海通证券"、"保荐人（主承 销商）"）作为斯瑞新材本次向特定对象发行 A 股股票（以下简称"本次发行"） 的保荐人和主承销商，对发行人本次发行过程及认购对象的合规性进行了审慎核 查，认为斯瑞新材的本次发行过程及认购对象符合《中华人民共和国公司法》（以 下简称"《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"）） 《上海证券交易所科创板股票上市规则》（以下简称"《科创板上市规则》"） 《上海证券交易所科创板上市公司证券发行承销实施细则》（以下简称"《实施 细则》"）等有关法律、法规、规章制度的要求及斯瑞新材有关本次发行的董事 会、股东大会决议，符合斯瑞新材及其全体股东的利益。现将有关情况报告如下： 一、本次发行的基本情况 （一）发行方式 国泰海通证券股份有限公司 关于陕西斯瑞新材料股份有限公司 ...

Group 1 - The 2025 report on the innovation status of the top 1000 private enterprises in China highlights a steady increase in R&D investment, diverse innovation methods, and improved quality and quantity of innovation outcomes [1] - The manufacturing sector dominates the industry distribution of the top 1000 private enterprises, with significant contributions from key regions such as East China, Beijing-Tianjin-Hebei, and the Yangtze River Delta [1] - Nearly a thousand private enterprises have established thousands of provincial and ministerial-level technology innovation platforms, leading to the industrialization of 300,000 effective patents with a total output value of 172.15 billion [1] Group 2 - The conference also announced typical cases of technological and industrial innovation among private enterprises, with 60 enterprises selected, including three from Shaanxi province [2] - A total of 50 cases were recognized for promoting high-quality development of private enterprises, including a notable initiative from the Shaanxi Provincial Federation of Industry and Commerce [2] - 30 trade associations were acknowledged as "leaders" in the 2025 standards for trade associations, showcasing the collaborative efforts in the industry [2]

Investment Rating - The industry is rated as "Overweight" with expectations of a price increase exceeding 10% compared to the market benchmark index in the next 6-12 months [6][10]. Core Insights - The commercial space launch capacity is critical, and a turning point in the high-frequency launch industry may be approaching, with significant developments expected in the fourth quarter of 2025 and the first half of 2026 [1]. - The successful launch of the reusable rocket Zhuque-3 by Blue Arrow Aerospace in 2025, with a capacity of approximately 60 tons, is anticipated to boost China's commercial space sector [2]. - Tianbing Technology's Tianlong-3 rocket, expected to launch by the end of 2025, aims to exceed a payload capacity of 20 tons, marking a significant advancement in China's commercial space capabilities [3]. - The Aerospace Science and Technology Corporation is accelerating the development of reusable rockets, with plans for launches in 2025 and 2026, indicating a strong future for the industry [4]. Summary by Sections Industry Overview - The report highlights the completion of multiple satellite launches by GW Constellation, indicating a growing trend in commercial space operations [1]. - The challenges faced by Qianfan Constellation, including failed rocket tenders, underline the importance of reliable launch capacity in the commercial space sector [1]. Key Developments - Blue Arrow Aerospace's Zhuque-3 rocket is set to perform three launches in 2025 and twelve in 2026, significantly enhancing launch capabilities [2]. - Tianlong-3 rocket's successful testing positions it for a pivotal role in future commercial launches, with a payload capacity of 17 to 22 tons for low Earth orbit [3]. - The development of the Liarrow-2 rocket by China Aerospace Science and Technology Corporation is also noted, with plans for its first flight in 2025 [3]. Investment Recommendations - The report suggests focusing on the rocket support segment, with specific companies highlighted for potential investment: Plittech (688333.SH), Huashu Gaoke (688433.SH), Srey New Materials (688102.SH), and Guanglian Aviation (300900.SZ) [4].

9月25日，斯瑞新材涨0.66%，成交额1.79亿元。两融数据显示，当日斯瑞新材获融资买入额2987.45万 元，融资偿还3054.35万元，融资净买入-66.90万元。截至9月25日，斯瑞新材融资融券余额合计3.01亿 元。 截至6月30日，斯瑞新材股东户数1.43万，较上期增加50.17%；人均流通股51230股，较上期减少 33.04%。2025年1月-6月，斯瑞新材实现营业收入7.72亿元，同比增长23.74%；归母净利润7473.83万 元，同比增长33.61%。 分红方面，斯瑞新材A股上市后累计派现1.67亿元。近三年，累计派现1.35亿元。 责任编辑：小浪快报 融资方面，斯瑞新材当日融资买入2987.45万元。当前融资余额3.01亿元，占流通市值的2.45%，融资余 额超过近一年80%分位水平，处于高位。 融券方面，斯瑞新材9月25日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年80%分位水平，处于高位。 资料显示，陕西斯瑞新材料股份有限公司位于陕西省西安市高新区丈八七路12号，成立日期1995年7月 11日，上 ...

Market Performance - On September 22, the metal new materials sector rose by 0.85% compared to the previous trading day, with Srey New Materials leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Stock Performance - Srey New Materials (688102) closed at 16.56, with a gain of 4.81% and a trading volume of 158,200 shares, amounting to a transaction value of 258 million yuan [1] - Antai Technology (000969) closed at 13.10, up 2.34%, with a trading volume of 219,300 shares and a transaction value of 284 million yuan [1] - Other notable performers include: - Chitong New Materials (300930) at 30.80, up 2.22% [1] - Zhongke Magnetic Industry (301141) at 61.60, up 2.16% [1] - Zhongzhou Special Materials (300963) at 18.18, up 2.13% [1] Fund Flow Analysis - The metal new materials sector experienced a net outflow of 180 million yuan from institutional investors, while retail investors saw a net inflow of 210 million yuan [2] - Notable fund flows include: - Shenzhen New Star (603978) with a net outflow of 95.1 million yuan from institutional investors [3] - Bowei Taijin (601137) with a net inflow of 52.2 million yuan from institutional investors [3] - Antai Technology (000969) with a net inflow of 25.3 million yuan from institutional investors [3]

斯瑞新材(688102.SH)接受调研时表示，公司围绕光模块的主要产品有芯片基座和壳体。400G以上光模 块芯片对散热要求大幅提高，需要具有低膨胀、更高导热特性的新材料来满足要求，不同成份的钨铜合 金可以满足400G、800G、1.6T光模块需求。现阶段，公司客户主要有菲尼萨、环球广电、天孚通信、 索尔思、东莞讯滔等。随着光模块对散热要求的大幅提高，要求壳体材料具有更高的导热和力学性能， 公司将新型铜合金应用于光模块壳体，解决行业技术痛点。同时，公司拟使用自有资金投资建设年产 2000万套光模块基座、1000万套光模块壳体的生产能力。 ...

证券之星消息，9月15日金属新材料板块较上一交易日下跌0.99%，斯瑞新材领跌。当日上证指数报收于 3860.5，下跌0.26%。深证成指报收于13005.77，上涨0.63%。金属新材料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603978 | 深圳新星 | 21.71 | 3.14% | 25.30万 | 5.45 乙 | | 300963 | 中洲特材 | 19.06 | 2.53% | 24.47万 | 4.571Z | | 688190 | 云路股份 | 117.82 | 2.52% | 1.21万 | 1.40亿 | | 688231 | 隆达股份 | 20.11 | 0.80% | 2.83万 | 5669.24万 | | 873576 | 天力复合 | 31.18 | 0.74% | 1.16万 | 3597.59万 | | 301622 | 賀園特 | 84.10 | 0.59% | 1.75万 | 1.47亿 | | 300224 | 正海磁材 | ...

证券代码：688102 证券简称：斯瑞新材 公告编号：2025-046 陕西斯瑞新材料股份有限公司 关于参加 2025 年半年度科创板新材料行业 集体业绩说明会的公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 一、业绩说明会的主要情况 公司已于 2025 年 8 月 28 日在上海证券交易所网站（www.sse.com.cn）披露公司 《2025 年半年度报告》及其摘要，为便于广大投资者更全面深入地了解公司 2025 年上 半年经营成果、财务状况、发展理念等事项，公司计划于 2025 年 9 月 18 日下午 15:00-17:00 参加 2025 年半年度科创板新材料行业集体业绩说明会。 会议问题征集：投资者可于 2025 年 9 月 17 日（星期三）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 （ sirui-advanced- materials@sirui.net.cn）进行提问。陕西斯瑞新材料股份有限公司（以下简称" ...

Core Viewpoint - A significant block trade of 1.06 million shares of Srey New Materials occurred on September 8, with a transaction value of 13.01 million yuan, reflecting a discount of 23.55% compared to the closing price of the day [2] Trading Details - The block trade had a transaction price of 12.27 yuan per share, while the closing price for Srey New Materials on the same day was 16.05 yuan, which represents a 4.70% increase [2] - The buyer of the block trade was Dongfang Securities Co., Ltd., Shanghai Putuo District Guangxin Road Securities Business Department, and the seller was Industrial Securities Co., Ltd., Shanghai Free Trade Zone Branch [2] Market Performance - The stock had a turnover rate of 1.70% on the day of the trade, with a total trading volume of 197 million yuan, and a net outflow of main funds amounting to 1.32 million yuan [2] - Over the past five days, the stock has seen a cumulative decline of 7.17%, with a total net outflow of funds reaching 117 million yuan [2] Margin Trading Data - The latest margin financing balance for Srey New Materials is 302 million yuan, which has decreased by 27.74 million yuan over the past five days, representing a decline of 8.40% [2]

Group 1 - The stock of Srey New Materials increased by 4.70% on September 8, closing at 16.05 yuan [1] - A block trade occurred with a total volume of 1.06 million shares and a transaction amount of 13.0062 million yuan [1] - The first transaction price was 12.27 yuan, with a total of 1.06 million shares traded, resulting in a discount rate of -23.55% [1] Group 2 - In the last three months, there has been one block trade for the stock, totaling 13.0062 million yuan [1] - Over the past five trading days, the stock has declined by 7.17%, with a net outflow of 117 million yuan from major funds [1]