张家港广大特材股份有限公司（以下简称"公司"）于2025年6月17日召开第三届董事会第十九次会议， 审议通过了《关于第二期以集中竞价交易方式回购股份方案的议案》，同意公司使用中国工商银行股份 有限公司张家港分行提供的专项贷款及公司自筹资金不低于人民币20,000万元（含），不超过40,000万 元（含）通过集中竞价交易方式回购公司发行的人民币普通股（A股）股票，回购价格不超过人民币 39.52元/股（含），用于员工持股计划及/或股权激励，或用于转换上市公司发行的可转换为股票的公司 债券。回购期限为自董事会审议通过本次回购方案之日起12个月内。具体内容详见公司分别于2025年6 月18日和2025年6月20日在上海证券交易所网站（www.sse.com.cn）披露的《关于第二期以集中竞价交 易方式回购股份方案的公告》（公告编号：2025-060）、《关于第二期以集中竞价交易方式回购股份的 回购报告书》（公告编号：2025-064）。 二、回购股份的进展情况 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688186 证券简称：广大特材公告编号：2025-121 张家港广大特材股份有限公司关于自愿披 ...

每经AI快讯，广大特材（SH 688186，收盘价：20.92元）11月23日晚间发布公告称，截至2025年11月21 日，公司以集中竞价交易方式累计回购股份约237万股，占公司总股本的比例为0.8466%，回购成交的 最高价为26.06元/股，最低价为20.96元/股，支付的资金总额为人民币约5746万元。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经头条（nbdtoutiao）——"抛售日本"？GDP负增长，股市跳水，国债被抛，日元贬值！高市早苗"亡 命一搏"："灌水"21万亿！专家：恐赴"特拉斯风暴"后尘 （记者 张明双） 2024年1至12月份，广大特材的营业收入构成为：新能源风电占比54.86%，能源装备占比19.8%，机械 装备占比9.32%，模具制造占比5.46%，海洋石化装备占比3.38%。 截至发稿，广大特材市值为59亿元。 ...

证券代码：688186 证券简称：广大特材 公告编号：2025-121 交易方式回购股份方案的公告》（公告编号：2025-060）、《关于第二期以集中竞价 交易方式回购股份的回购报告书》（公告编号：2025-064）。 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，现将公司回购股份的进展情况公告如下： 2025 年 11 月 1 日至 2025 年 11 月 21 日，公司通过集中竞价交易方式已累计 回购股份 780,000 股，占公司总股本的比例为 0.2781%，购买的最高价为 23.96 元 /股、最低价为 20.96 元/股，支付的金额为 17,465,113.20 元（不含印花税、交 易佣金等交易费用，下同）。 张家港广大特材股份有限公司 关于自愿披露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 | | | | | | | | ...

Core Viewpoint - The semiconductor packaging materials industry is expected to experience a rise in both volume and price driven by advanced packaging and storage demand, with significant opportunities for domestic production [1] Group 1: Epoxy Molding Compound (EMC) - EMC is a key encapsulation material in semiconductor packaging, with low domestic production rates estimated at only 10-20% for high-performance EMC [2] - The price of advanced packaging EMC can be 5-6 times higher than high-performance EMC and over 10 times that of basic EMC [2] - The transition from DRAM to HBM by companies like SK Hynix highlights the increasing demand for advanced EMC technologies [2] Group 2: Silicon Micron Powder - Silicon micron powder is a critical raw material for EMC, with significant procurement shares in companies like Hengsuo Huawai [3] - Low-alpha spherical aluminum effectively addresses challenges in high-density stacked packaging in the storage sector, with low levels of radioactive elements [3] Group 3: Substrate Upstream Materials - Low-CTE electronic cloth is a crucial supply bottleneck in the substrate segment, with lead times extending to 16-20 weeks due to raw material shortages [4] - The global market for carrier copper foil, primarily monopolized by Japanese firms, is valued at approximately 5 billion, with increasing demand driven by AI technology and advanced chip requirements [4] - Domestic supply chain localization is accelerating, which may benefit the domestic replacement process for carrier copper foil [4]

Core Insights - The report highlights a significant recovery in the new energy sector, particularly in solar, wind, lithium batteries, and grid investments, indicating a positive trend for the industry [4][7][21]. New Energy Sector Performance - Solar and storage: Cumulative new photovoltaic installations reached 240.27 GW from January to September 2025, a year-on-year increase of 49.3%. Additionally, 1,671 new energy storage projects were registered in September 2025, reflecting a 24.15% increase year-on-year, with planned investments amounting to 96.177 billion yuan [4][7]. - Wind power: Cumulative investment in wind power construction reached 148.893 billion yuan, a 10.04% year-on-year increase. The total installed capacity of wind power reached 582 million kilowatts, up 21.30% year-on-year. The average bidding price for onshore wind turbines increased by 22.08% to 1,675 yuan/kW by the end of October [4][7]. - Lithium batteries: The demand for lithium batteries surged, with shipments reaching 490 GWh in Q3 2025, a 47% increase year-on-year. The price of lithium hexafluorophosphate rose to 121,500 yuan/ton, a 94.4% increase within the year [4][7]. - Grid investments: National grid construction investments totaled 437.807 billion yuan from January to September 2025, a 9.94% year-on-year increase. The total investment planned by the State Grid and Southern Grid for 2025 is expected to exceed 825 billion yuan, an increase of 220 billion yuan compared to 2024 [4][7]. Investment Recommendations - The report suggests focusing on undervalued stocks with improving fundamentals within the Shenwan Electric Equipment sector, which includes 363 constituent stocks. The selection criteria involve calculating rolling P/E ratios and filtering for companies with positive net profit growth over three consecutive quarters [21][27]. - Recommended stocks include: - DeYe股份 - 阳光电源 - 捷佳伟创 - 横店东磁 - 广大特材 - 大金重工 - 平高电气 - 国电南瑞 - 东方电子 - 科达利 [4][21][27].

Market Overview - The wind power equipment sector experienced a decline of 0.66% on November 14, with Delijia leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Changyou Technology (301557) saw a significant increase of 7.78%, closing at 110.80 with a trading volume of 16,700 lots and a transaction value of 182 million [1] - Pangu Intelligent (301456) rose by 4.20%, closing at 31.50 with a trading volume of 74,300 lots and a transaction value of 229 million [1] - Other notable performers included Hongde Co. (301163) with a 1.30% increase and Zhonghuan Hailu (301040) with a 0.84% increase [1] Declining Stocks - Delijia (603092) led the decline with a drop of 4.92%, closing at 62.48 with a trading volume of 73,200 lots and a transaction value of 46.4 million [2] - Other stocks that declined included Weili Transmission (300904) down 2.36% and Mingyang Smart Energy (601615) down 2.03% [2] Capital Flow - The wind power equipment sector saw a net outflow of 157 million from institutional investors, while retail investors contributed a net inflow of 36.27 million [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed some interest [2] Individual Stock Capital Flow - Hewei Electric (603063) had a net inflow of 89.62 million from institutional investors, but a net outflow of 72.91 million from retail investors [3] - Pangu Intelligent (301456) experienced a net inflow of 14.43 million from institutional investors, while retail investors showed a net outflow of 1.33 million [3] - Overall, the capital flow data reflects varying levels of investor confidence across different stocks within the sector [3]

Core Insights - The wind power equipment sector experienced a rise of 1.17% on November 13, with Hewei Electric leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Hewei Electric (603063) closed at 32.17, with a gain of 5.23% and a trading volume of 466,200 shares, amounting to a transaction value of 1.484 billion [1] - Changyou Technology (301557) closed at 102.80, up 4.44%, with a trading volume of 11,000 shares [1] - Jixin Technology (601218) closed at 5.99, gaining 2.74% with a trading volume of 1,334,800 shares [1] - Goldwind Technology (002202) closed at 15.35, up 2.47%, with a trading volume of 898,400 shares [1] - Other notable stocks include Tiensun Wind Power (002531) and Daqian Heavy Industry (002487), with respective gains of 1.50% and 1.39% [1] Capital Flow - The wind power equipment sector saw a net outflow of 66.1885 million from institutional investors, while retail investors contributed a net inflow of 249 million [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Hewei Electric experienced a net inflow of 18.7 million from institutional investors but saw a net outflow of 112 million from speculative funds [3] - Daqian Heavy Industry had a net inflow of 57.5975 million from institutional investors, while speculative funds saw a net outflow of 41.7643 million [3] - Jixin Technology had a net inflow of 21.1361 million from institutional investors, with a net outflow of 39.1975 million from speculative funds [3]

证券代码：688186 证券简称：广大特材 公告编号：2025-120 张家港广大特材股份有限公司 关于召开 2025 年第三季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。 重要内容提示： 会议召开时间：2025 年 11 月 25 日（星期二）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://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 18 日（星期二）至 11 月 24 日（星期一）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 gd005@zjggdtc.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 张家港广大特材股份有限公司（以下简称"公司"）已于 2025 年 10 月 24 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状 ...

Core Viewpoint - The company Guangda Special Materials (688186.SH) has announced that its subsidiary in Deyang produces cast steel components that can be used in gas turbines [1] Company Summary - Guangda Special Materials has a subsidiary located in Deyang [1] - The Deyang subsidiary specializes in the production of cast steel components [1] - These cast steel components are applicable in the gas turbine industry [1]

Core Viewpoints - The gearbox component sector continues to contribute profits, with robust growth highlighting the resilience of the company's performance. The company achieved a net profit attributable to shareholders of approximately 249 million yuan in the first three quarters, a significant year-on-year increase of 213.65%. In Q3, the net profit was about 63.67 million yuan, up 74.27% year-on-year [1] Group 1: Wind Power Gearbox Components - The wind power gearbox component business has significantly improved the average utilization rate of machining equipment due to capacity release, effectively reducing unit fixed costs and continuously contributing to profits, supporting the company's stable profitability [1] - The company is expected to benefit from the high prosperity of offshore wind power, with ongoing capacity release and optimization of production lines, which may further enhance profit margins in the wind power sector [2] Group 2: Controlled Nuclear Fusion - The company is focusing on high-end special materials in the controlled nuclear fusion field, which is seen as a crucial solution to global energy challenges. The successful installation of the compact fusion energy experimental device (BEST) in Hefei is a significant milestone, with completion expected in 2027 [3] - The company has achieved mass production of key components for nuclear power, such as GH2696 alloy castings, positioning itself for stable growth in the future as controlled nuclear fusion technology develops [3] Group 3: Profit Forecast and Investment Recommendations - Based on the Q3 report, the company adjusted its product prices, costs, and financial expenses, forecasting net profits attributable to shareholders of 318 million, 437 million, and 568 million yuan for 2025-2027, respectively [4] - The target price is set at 28.08 yuan based on a comparable company's 18X PE valuation for 2026, maintaining a buy rating [4]