Core Viewpoint - The domestic photoresist industry is experiencing a critical period of accelerated development, with leading companies showing impressive performance in revenue, profit, and technological advancements [4][5][6]. Group 1: Company Performance - Nanda Optoelectronics achieved a revenue of 1,228.87 million yuan in the first half of 2025, a year-on-year increase of 9.48%, and a net profit of 207.81 million yuan, up 16.30% [5][6]. - Tongcheng New Materials reported a revenue of 165.47 million yuan, a growth of 4.97%, with its semiconductor photoresist business growing over 50% for two consecutive years [6][8]. - Jingrui Electric Materials saw a revenue of 767.94 million yuan, a 10.68% increase, and a net profit of 69.75 million yuan, a significant increase of 1,501.66% [9][10]. - Shanghai Xinyang achieved a revenue of 896.65 million yuan, a growth of 35.67%, and a net profit of 133.31 million yuan, up 126.31% [11][12]. - Yongda Photosensitive reported a revenue of 506.30 million yuan, a 14.10% increase, but a net profit decline of 4.31% [13][14]. - Yake Technology's revenue reached approximately 4.29 billion yuan, a growth of 31.82%, with a net profit of 52.28 million yuan, up 0.63% [15][16]. - Dinglong Co., Ltd. reported a revenue of 1.73 billion yuan, a 14.00% increase, and a net profit of 311.04 million yuan, up 42.78% [17][18]. - Feikai Materials achieved a revenue of 146.23 million yuan, a 3.80% increase, and a net profit of 21.68 million yuan, up 80.45% [19][20]. - Bayi Shikong's revenue was 41.54 million yuan, a 10.63% increase, but net profit decreased by 37.90% [21][22]. - Ruilian New Materials reported a revenue of approximately 80.62 million yuan, a growth of 16%, and a net profit of about 16.61 million yuan, up 74% [23][24]. - Guangxin Materials achieved a revenue of 23.35 million yuan, a decrease of 10.38%, with a net profit decline of 51.38% [25][26]. - Huamao Technology reported a revenue of 1.11 billion yuan, a growth of 14.42%, and a net profit of 136.58 million yuan, up 3.21% [27][28]. - Jiuri New Materials saw a revenue of 71.35 million yuan, a decrease of 7.11%, with a net loss of 9.06 million yuan [29][30]. Group 2: Industry Trends - The photoresist industry is witnessing significant technological advancements, with many companies achieving breakthroughs in product development and production capacity [4][6][19]. - The domestic market is increasingly competitive, with companies focusing on R&D and expanding their product lines to meet the growing demand in semiconductor manufacturing [6][17][19]. - Companies are investing heavily in R&D, with some allocating over 13% of their revenue to develop advanced materials for integrated circuits and other applications [11][27].

证券代码：688199 证券简称：久日新材 公告编号：2025-049 天津久日新材料股份有限公司 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、准确性和完整性依法承担法律责任。 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 及财务状况的具体情况与投资者进行互动交流，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。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 9 月 19 日（星期五）下午 13:00-14:00 （二）会议召开地点：上海证券交易所上证路演中心（https://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 重要内容提示： 投资者可于 2025 年 9 月 12 日（星期五）至 9 月 18 日（星期四）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 （jiuri@jiuri.com.cn）进行提 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance in the near term [5]. Core Insights - The company is the largest and most comprehensive producer of photoinitiators in China, having turned a profit in Q2 2025. The strong demand for PCB photoresists and the expansion of UV coatings have led to a price increase of over 20% for photoinitiator products since the beginning of the year, with specific products like 184, TPO, and 907 seeing price increases of approximately 32%, 27%, and 28% respectively [1][2]. - The photoinitiator market is undergoing significant consolidation, with production increasingly concentrated among a few key players. The report highlights that the industry is experiencing a shift towards companies with scale, cost, and technological advantages [2]. - New fields such as solid-state batteries and PCB photoresists are expected to drive explosive growth in demand for the company's products. The company possesses a complete product range and a strong supply advantage in key photoinitiators, enhancing its bargaining power with downstream clients [3]. Financial Summary - The company is projected to achieve net profits of 0.45 billion, 1.14 billion, and 1.97 billion yuan for the years 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 100X, 40X, and 23X [3]. - Revenue is expected to grow from 1.235 billion yuan in 2023 to 2.09 billion yuan in 2027, reflecting a compound annual growth rate (CAGR) of approximately 13.13% [4][12]. - The company’s net profit margin is projected to improve significantly, moving from -3.6% in 2024 to 9.4% in 2027, indicating a strong recovery and growth trajectory [4][12].

证券日报网讯久日新材9月9日在互动平台回答投资者提问时表示，公司的光刻胶产品及其核心原材料光 敏剂产品可应用在碳化硅产业链上，目前公司有产品在碳化硅产业链相关企业验证中。 ...

格隆汇9月9日丨久日新材(688199.SH)在投资者互动平台表示，公司的光刻胶产品及其核心原材料光敏 剂产品可应用在碳化硅产业链上，目前公司有产品在碳化硅产业链相关企业验证中。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 格隆汇9月9日丨久日新材(688199.SH)在投资者互动平台表示，公司的光引发剂产品可用于固态电池UV 胶中。未来公司如有对普兰纳米提高参股比例的计划且达到信息披露标准，公司将按照相关规定及时履 行信息披露义务。 ...

格隆汇9月9日丨久日新材(688199.SH)在投资者互动平台表示，公司的光引发剂产品可用于固态电池UV 胶中。未来公司如有对普兰纳米提高参股比例的计划且达到信息披露标准，公司将按照相关规定及时履 行信息披露义务。 ...

格隆汇9月9日丨久日新材(688199.SH)在投资者互动平台表示，公司的光刻胶产品及其核心原材料光敏 剂产品可应用在碳化硅产业链上，目前公司有产品在碳化硅产业链相关企业验证中。 ...

Core Viewpoint - The company has completed acquisitions of key raw material suppliers to ensure a stable supply of photoinitiators and plans to adjust product prices in response to rising costs [1] Group 1 - The company has acquired raw material suppliers Hongrun Chemical, Huaihua Taitong, and Hongyuan Tiancheng to secure long-term supply [1] - The company is controlling production costs by producing related intermediate products in-house [1] - The price of xylene has recently increased, prompting the company to consider price adjustments for its photoinitiator products TPO and 819 within a reasonable range [1]

证券代码：688199 证券简称：久日新材公告编号：2025-048 天津久日新材料股份有限公司 关于参加2025年天津辖区上市公司投资者 网上集体接待日活动的公告 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、准确性和完整性依法承担法律责任。 为进一步加强与投资者的互动交流，天津久日新材料股份有限公司（以下简称公司）将参加由天津证监 局指导、天津上市公司协会及深圳市全景网络有限公司联合举办的"2025年天津辖区上市公司投资者网 上集体接待日活动"，现将有关事项公告如下： 出席本次活动的有公司董事长赵国锋先生，副总裁、董事会秘书郝蕾先生，财务总监马秀玲女士，证券 事务代表罗骁先生，届时公司相关人员将在线就公司2025年半年度业绩、公司治理、发展战略、经营状 况等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 天津久日新材料股份有限公司董事会 2025年9月3日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站（http://rs.p5w.net）；或关注微信 公众号（名称：全景财经）；或下载全景路演APP，参 ...