二、 回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司在回购股份期间，应当在每个月的前 3 个交 易日内公告截至上月末的回购进展情况。现将公司回购股份的进展情况公告如下： 证券代码：688186 证券简称：广大特材 公告编号：2025-115 张家港广大特材股份有限公司 关于第二期以集中竞价交易方式回购股份的进展公告 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： | 回购方案首次披露日 | 2025/6/18 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 6 6 月 17 | 月 | 18 | 日~2026 | 年 | 日 | | 预计回购金额 | 20,000万元~40,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | √用于转换公司可转债 | | ...

Core Viewpoint - The company expects a significant increase in net profit for the first three quarters of 2025, projecting approximately 248 million yuan, which represents a year-on-year increase of about 213.92% compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to the parent company of around 248 million yuan, an increase of approximately 169 million yuan year-on-year [1] - Revenue is expected to grow by approximately 25.04% year-on-year due to improved demand in downstream industries and active customer order expansion by the marketing department [1] Operational Efficiency - The company has optimized its internal product structure in response to market changes and implemented various cost-reduction and efficiency-enhancing measures, leading to a recovery in overall gross profit margin [1] - The wind power gearbox component project is gradually releasing production capacity, significantly increasing the average utilization rate of machining equipment, which has contributed greatly to the company's processing output and profitability [1] - The offshore wind power casting project has achieved full-load operation of melting capacity through technical upgrades, production line optimization, cost reduction in processes, and product diversification, resulting in profitability [1]

Core Viewpoint - Wind power stocks are experiencing a strong upward trend, with companies like Goldwind Technology hitting the daily limit, and others such as Yunda Co., Guangda Special Materials, Sany Heavy Industry, Daikin Heavy Industries, and Jixin Technology seeing increases of over 5% [1] Industry Summary - The domestic offshore wind market in China is witnessing a peak in bidding and contract awards in September [1] - The overseas offshore wind market has shown signs of a turning point, with Europe’s offshore wind installation capacity increasing to over 4.5 gigawatts this year [1] - China is set to launch its first national offshore wind power testing base, which will conduct tests on the world's largest capacity wind turbine units and the longest wind turbine blades, as well as research on cutting-edge technologies across multiple fields [1]

Group 1 - The BEST nuclear fusion device in China has achieved a significant breakthrough with the successful installation of a 400-ton base, which will support the main unit weighing approximately 6,700 tons, marking the full construction of this major national project [1] - The completed base is the first vacuum component of the BEST device and is the largest vacuum component in China's fusion field, indicating the start of the installation of core components and the initiation of the supply chain and subsequent bidding processes [1] - The International Atomic Energy Fusion Energy Conference (FEC2025) will be held in Chengdu from October 13-18, with expectations of major national and international developments being announced, and the BEST project is anticipated to initiate a second round of intensive bidding in Q4 for high-value products [1] Group 2 - Yongding Co., Ltd. has developed high-performance superconducting strips for strong magnetic fields using its unique superconducting thin film pinning technology, which has applications in magnetic confinement controlled nuclear fusion [2] - Wide Special Materials Co., Ltd. supplies materials for superconducting coil armor in controlled nuclear fusion and has successfully delivered low-activation martensitic steel CLAM to clients [2] - Wide Special Materials Co., Ltd. has won the bid for the processing project of the BEST coil box, which is currently in progress [2]

Investment Rating - The report rates the wind power industry as "Overweight," indicating that it is expected to outperform the overall market [9]. Core Insights - The wind turbine bidding prices are on the rise, leading to a comprehensive recovery in the sector. The average bidding price for wind turbine units in June 2025 was 1,616 RMB/kW, reflecting a year-on-year increase of approximately 10.3%. This price increase is anticipated to significantly enhance profit margins in the main machine segment as high-priced orders enter the delivery phase [3]. - The upcoming "14th Five-Year Plan" for marine economic development is expected to boost domestic offshore wind expectations. Global interest rate cuts are accelerating offshore wind construction in Europe, with an expected installed capacity of 8.7 GW in 2026, representing a year-on-year growth of 107%. The market is likely to adjust its valuation as expectations for profit elasticity in the main machine segment are realized [3]. - Investment recommendations focus on companies benefiting from price increases and strong profit elasticity, including Goldwind Technology, Yunda Co., SANY Renewable Energy, and Dongfang Cable. Additionally, companies with scarce capacity and significant expectation gaps, such as Jinlei Co., and those with strong growth logic in pure offshore wind, like Haili Wind Power, are highlighted [3]. Summary by Sections Wind Power Equipment - The wind power industry is experiencing a recovery phase with increasing bidding prices for wind turbines, which is expected to lead to higher profitability for manufacturers [3]. - The report emphasizes the importance of the upcoming marine economic development plan and its potential impact on offshore wind capacity growth [3]. Key Companies and Valuations - The report includes a valuation table for key companies in the wind power sector, detailing their market capitalization, projected net profits, and price-to-earnings ratios for 2024 to 2026 [5]. - Notable companies mentioned include Dongfang Cable, Zhongtian Technology, Haili Wind Power, and Goldwind Technology, among others, with varying projected growth rates and valuations [5].

Investment Rating - The report rates the wind power industry as "Overweight" indicating a positive outlook for the sector [3][10]. Core Insights - Wind turbine bidding prices are on the rise, with the average bidding price for wind turbine units reaching 1,616 RMB/kW in June 2025, a year-on-year increase of approximately 10.3%, which is expected to significantly enhance profit margins for manufacturers [3]. - The anticipated growth in offshore wind capacity, projected to reach 8.7 GW in 2026 (a year-on-year increase of 107%), is expected to drive a valuation shift in the sector, particularly as market expectations for profit elasticity in turbine manufacturing strengthen [3]. - Key investment recommendations include focusing on companies benefiting from price increases and strong profit elasticity, such as Goldwind Technology, Yunda Co., Sany Heavy Energy, and Dongfang Cable, as well as companies with scarce capacity and significant growth potential like Jinlei Co. and Haili Wind Power [3]. Summary by Sections Wind Power Equipment - The wind power equipment sector is experiencing a recovery phase with increasing bidding prices and profit potential [3]. - The establishment of industry self-regulation mechanisms is contributing to the positive price trend [3]. Market Expectations - The report highlights the synchronization of domestic and global offshore wind expectations, which is likely to enhance market sentiment and valuation for the sector [3]. - The report anticipates that the upcoming quarterly disclosures will further bolster market expectations regarding profit elasticity [3]. Key Companies - The report identifies several key companies for investment consideration, including: - Goldwind Technology - Yunda Co. - Sany Heavy Energy - Dongfang Cable - Jinlei Co. - Haili Wind Power - Other notable mentions include Dajin Heavy Industry, Zhongtian Technology, and Guoda Special Materials [3].

Group 1 - Wind power equipment sector increased by 1.78% on September 25, with Jixin Technology leading the gains [1] - Shanghai Composite Index closed at 3853.3, down 0.01%, while Shenzhen Component Index closed at 13445.9, up 0.67% [1] - Jixin Technology's stock price rose by 10.04% to 5.15, with a trading volume of 520,900 shares [1] Group 2 - The wind power equipment sector saw a net inflow of 165 million yuan from institutional investors, while retail investors experienced a net outflow of 120 million yuan [2][3] - Jixin Technology had a net inflow of 129 million yuan from institutional investors, accounting for 48.67% of its trading volume [3] - Other notable stocks included Yunda Co. with a 5.12% increase and Goldwind Technology with a 4.92% increase [1]

Group 1 - The stock of Jiangsu Zhangjiagang Guangda Special Materials Co., Ltd. increased by 5.1% to 27.20 CNY per share, with a trading volume of 143 million CNY and a turnover rate of 1.92%, resulting in a total market capitalization of 7.629 billion CNY [1] - The company, established on July 17, 2006, and listed on February 11, 2020, specializes in the research, production, and sales of high-end special steel materials and components for new energy wind power [1] - The main revenue composition of the company includes alloy products (67.50%), alloy materials (30.74%), and other supplementary products (1.76%) [1] Group 2 - The Jin Ying Fund has a significant holding in Guangda Special Materials, with the Jin Ying Xin Rui Mixed A Fund (003502) reducing its holdings by 40,300 shares in the second quarter, now holding 233,700 shares, which represents 1.98% of the fund's net value, making it the third-largest holding [2] - The Jin Ying Xin Rui Mixed A Fund was established on December 6, 2016, with a current size of 248 million CNY, yielding 3.89% year-to-date and ranking 6983 out of 8173 in its category, while its one-year return is 5.98%, ranking 7342 out of 8003 [2] - The fund managers, Ni Chao and Long Yuefang, have tenures of 10 years and 8 years respectively, with Ni Chao managing assets totaling 3.016 billion CNY and achieving a best return of 156.51% during his tenure [3]

Group 1 - Zhangjiagang Guodacheng Special Materials Co., Ltd. announced a correction regarding the date of its decision to reduce registered capital, which should be July 31, 2025 [1] - The announcement was published on August 6, 2025, in the National Enterprise Credit Information Publicity System [1] - The company issued the correction on September 25, 2025 [1]

证券代码：688186 证券简称：广大特材 公告编号：2025-113 张家港广大特材股份有限公司 关于召开 2025 年半年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。 张家港广大特材股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日 发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 10 月 09 日（星期四） 10:00-11:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2025 年半年度的经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 重要内容提示： 会议召开时间：2025 年 10 月 09 日（星期四）10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https:// ...