Core Viewpoint - Jiu Ri New Materials experienced a 5.02% decline in stock price on November 21, with a total market value of 3.602 billion yuan, indicating a cumulative drop of 3.57% over three consecutive days [1] Company Overview - Jiu Ri New Materials Co., Ltd. was established on October 30, 1998, and listed on November 5, 2019. The company is located in Tianjin and specializes in the research, production, and sales of photoinitiators [1] - The main business revenue composition includes photoinitiators (79.50%), fine chemicals (15.57%), monomers (2.85%), and other categories [1] Fund Holdings - Southern Fund has a significant holding in Jiu Ri New Materials, with its Southern New Materials Stock Initiation A (016449) reducing its position by 3,411 shares in the third quarter, holding 22,400 shares, which accounts for 3.13% of the fund's net value [2] - The fund has reported a floating loss of approximately 26,500 yuan today, with a cumulative floating loss of 19,500 yuan during the three-day decline [2] Fund Performance - Southern New Materials Stock Initiation A (016449) was established on March 21, 2023, with a latest scale of 17.2505 million yuan. Year-to-date returns are 32.31%, ranking 1,250 out of 4,208 in its category [2] - The fund's one-year return is 27.5%, ranking 1,293 out of 3,972, and since inception, it has achieved a return of 15.2% [2] Fund Management - The fund is managed by Zhang Lei and Du Yimin, with Zhang having a tenure of 5 years and 290 days, overseeing assets totaling 931 million yuan, achieving a best return of 97.1% during his tenure [3] - Du Yimin has a tenure of 211 days, managing assets of 18.9706 million yuan, with a best return of 40.94% during his management period [3]

Core Viewpoint - Jiu Ri New Materials Co., Ltd. experienced a stock price increase of 5.52% on November 17, reaching 25.63 CNY per share, with a total market capitalization of 4.132 billion CNY [1] Company Overview - Jiu Ri New Materials was established on October 30, 1998, and went public on November 5, 2019. The company is located in Tianjin and specializes in the research, production, and sales of photoinitiators [1] - The revenue composition of the company includes photoinitiators (79.50%), fine chemicals (15.57%), monomers (2.85%), and other products [1] Shareholder Information - Guotai Fund's Guotai Jinying Growth Flexible Allocation Mixed Fund (020001) entered the top ten circulating shareholders of Jiu Ri New Materials in the third quarter, holding 1.2183 million shares, which is 0.76% of the circulating shares [2] - The fund has achieved a year-to-date return of 41.29%, ranking 1598 out of 8213 in its category [2] Fund Manager Profile - The fund manager of Guotai Jinying Growth Flexible Allocation Mixed Fund is Xu Zhibiao, who has been in the position for 10 years and 93 days. The fund's total asset size is 4.327 billion CNY [3] - During his tenure, the best fund return was 150.07%, while the worst was -28.04% [3]

Core Viewpoint - The company Jiuri New Materials has announced that its electrolyte additive DTD is currently in the trial production stage, has passed customer validation, and is beginning to ramp up production [1] Company Summary - Jiuri New Materials is in the process of trial production for its electrolyte additive DTD [1] - The DTD additive has successfully passed customer validation [1] - The company is starting to gradually increase the production volume of DTD [1]

Core Viewpoint - The company is in the trial production phase of its electrolyte additive project DTD, which has passed customer validation and is gradually ramping up production [2] Group 1 - The DTD electrolyte additive project is currently in the trial production stage [2] - The product has successfully passed customer validation [2] - The company has begun to gradually increase production volume [2]

Core Viewpoint - The company Jiuri New Materials (688199.SH) is in the trial production phase of its electrolyte additive DTD, which has passed customer verification and is gradually ramping up production [1] Group 1 - The electrolyte additive DTD is currently in the trial production stage [1] - Customer verification for the DTD additive has been successfully completed [1] - The company has begun to gradually increase the production volume of DTD [1]

Core Viewpoint - The company Jiuri New Materials (688199.SH) is in the trial production phase of its electrolyte additive DTD, which has passed customer validation and is gradually ramping up production [1] Group 1 - The electrolyte additive DTD is currently in the trial production stage [1] - Customer validation for DTD has been successfully completed [1] - The company is beginning to gradually increase the production volume of DTD [1]

Group 1 - The core viewpoint of the article indicates that Jiuri New Materials has experienced an increase in the price of photoinitiators in the third quarter compared to the first half of the year, while the raw material costs have remained relatively stable [2]

Group 1 - The company, JiuRi New Materials, announced on November 6 that its photoresist products for mask plates have been put into mass production for clients this year, indicating a successful import substitution [1]

Group 1 - The company, Jiu Ri New Materials, is a leading player in the photoinitiator sector and is the largest global producer of photoinitiators [2] - The company highlighted that its product structure differs from that of competitors, Qiangli New Materials and Yangfan New Materials [2]

Core Viewpoint - The company reported stable production and sales, with a slight increase in the sales volume of photosensitive agents compared to the previous year [1] Group 1: Production and Sales - The company indicated that production and sales are currently normal [1] - For the period from January to September 2025, the sales volume of photosensitive agents reached 17,866.99 tons, showing a slight increase compared to the same period last year [1] Group 2: Pricing - The prices of photosensitive agents have remained relatively stable [1]