（文章来源：证券日报） 证券日报网讯 9月2日晚间，久日新材发布公告称，公司将参加"2025年天津辖区上市公司投资者网上集 体接待日活动"。活动时间为2025年9月11日。 ...

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 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 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，参与本次互动交流。活动时间为 2025 年 9 月 11 日（周四）15:00-17:00。 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 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 ...

Group 1 - The stock of Jiuri New Materials (688199.SH) closed at 27.23 yuan, with a decline of 6.59%, resulting in a total market capitalization of 4.39 billion yuan [1] - Jiuri New Materials was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 5, 2019, with an issuance of 27.81 million shares, accounting for 25% of the total share capital post-issuance, at an initial price of 66.68 yuan per share [1] - The company raised a total of 1.85 billion yuan from the issuance, with a net amount of 1.71 billion yuan, exceeding the original plan by 113.87 million yuan [1] Group 2 - The total issuance costs for Jiuri New Materials amounted to 144.86 million yuan, with underwriting and sponsorship fees totaling 127.57 million yuan [2] - According to the 2023 annual equity distribution announcement, the company will distribute profits by increasing capital reserves, with a distribution of 4.9 shares for every 10 shares held, without cash dividends or bonus shares [2] - The record date for the equity distribution is June 18, 2024, and the ex-rights (ex-dividend) date is June 19, 2024 [2]

Company Overview - Jiu Ri New Materials Co., Ltd. is located in Tianjin and was established on October 30, 1998, with its listing date on November 5, 2019 [1] - The company specializes in the research, production, and sales of photoinitiators, with its main business revenue composition being: photoinitiators 79.50%, fine chemicals 15.57%, monomers 2.85%, others 1.13%, photosensitizers 0.70%, other (supplement) 0.17%, and photoresists 0.09% [1] Stock Performance - On September 2, Jiu Ri New Materials' stock fell by 5.04%, closing at 27.68 yuan per share, with a trading volume of 129 million yuan and a turnover rate of 2.85%, resulting in a total market capitalization of 4.463 billion yuan [1] Shareholder Information - E Fund's Innovation Growth Mixed Fund (009808) entered the top ten circulating shareholders of Jiu Ri New Materials, holding 1.5199 million shares, which accounts for 0.94% of the circulating shares [2] - The fund has a current scale of 2.268 billion yuan and has achieved a year-to-date return of 72.94%, ranking 242 out of 8184 in its category [2] Fund Management - The fund manager of E Fund's Innovation Growth Mixed Fund is Zhang Qi, who has been in the position for 3 years and 136 days, with the fund's total asset size at 3.741 billion yuan [3] - During Zhang Qi's tenure, the best fund return was 35.65%, while the worst was 8.92% [3]

Core Insights - The photoinitiator industry is characterized by dual features of "technology iteration driving demand upgrade and supply contraction reshaping market structure" [1] - The global manufacturing industry's shift towards precision and intelligence is increasing the penetration of photopolymerization technology, with China expected to see its production rise from 50,500 tons in 2022 to 59,000 tons in 2024 [1][11] - The market is projected to exceed 9 billion yuan by 2030, with a compound annual growth rate of 9.3% from 2024 to 2030 [1][12] Industry Overview - Photoinitiators are key compounds that absorb energy under specific wavelengths of light to initiate chemical reactions, transforming liquid resins into solid polymer networks [2][3] - The industry is experiencing significant growth due to innovations such as the widespread adoption of UV LED light sources and breakthroughs in water-based systems [1][9] Supply and Demand Dynamics - The supply side is facing a contraction of 12%-18% due to environmental regulations and safety incidents leading to the shutdown of companies like Ningxia Wokailong and Yangfan New Materials [1][11] - The demand side is driven by the transition of global manufacturing towards precision and intelligence, with demand expected to reach approximately 45,000 tons by 2025 [1][11] Competitive Landscape - The market is dominated by leading companies such as Jiu Ri New Materials and Qiangli New Materials, which hold a combined market share of 52.7% in the mid-to-low-end market [1][12] - Foreign companies like IGM dominate over 30% of the profit space through high-end products, creating a "low-end internal competition, high-end monopoly" scenario [1][12] Future Trends - The industry is expected to evolve along three main paths: technological advancement (visible light response and bio-based materials), market globalization (accelerated domestic substitution and deepening Southeast Asia layout), and ecological industrialization (low-carbon process transformation and regional standard co-construction) [1][15] - Innovations in photoinitiators are anticipated to enhance curing efficiency by 30% and reduce energy consumption by 40% [1][15]

证券代码：688199 证券简称：久日新材 公告编号：2025-047 天津久日新材料股份有限公司 董事、高级管理人员提前终止减持计划暨 减持股份结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 董事、高级管理人员持股的基本情况 本次减持计划实施前，天津久日新材料股份有限公司（以下简称公司）董事寇 福平先生持有公司股份 149,000 股，占公司总股本的 0.0924%；公司财务总监马秀 玲女士持有公司股份 246,786 股，占公司总股本的 0.1531%。前述股份来源为公司 首次公开发行股票并上市前取得的股份及公司实施 2023 年年度利润分配暨资本公 积金转增股本方案取得的股份，均为无限售流通股。 减持计划的实施结果情况 2025 年 6 月 30 日，公司披露了《天津久日新材料股份有限公司董事、高级管 理人员减持股份计划公告》（公告编号：2025-035），寇福平先生计划以集中竞价交 易方式减持公司股份不超过 37,250 股，即减持不超过公司总股本的 0.0231%，不 超过其可 ...

Core Viewpoint - As of August 25, 2025, Jiuri New Materials (688199) reported a closing price of 29.19 yuan, reflecting a 1.11% increase, with a trading volume of 116,800 hands and a transaction amount of 336 million yuan [1] Financial Performance - For the first half of 2025, the company reported total operating revenue of 713 million yuan, a year-on-year decrease of 7.11% [1] - The net profit attributable to shareholders was 9.06 million yuan, showing a year-on-year increase of 29.69% [1] - The non-recurring net profit was 10.17 million yuan, up 44.86% year-on-year [1] - The current ratio was 1.454, the quick ratio was 1.154, and the debt-to-asset ratio stood at 35.99% [1] Capital Flow - On the reporting day, the main capital saw a net outflow of 29.30 million yuan, accounting for 8.73% of the transaction amount [1] - Large orders experienced a net outflow of 21.13 million yuan, representing 6.29% of the transaction amount, while small orders had a net inflow of 32.16 million yuan, making up 9.58% of the transaction amount [1] Company Background - Tianjin Jiuri New Materials Co., Ltd. was established in 1998 and is primarily engaged in the manufacturing of chemical raw materials and products [2] - The company has a registered capital of 1.612 billion yuan and a paid-in capital of 50 million yuan [1][2] - The legal representative of the company is Zhao Guofeng [1]

Core Viewpoint - Jiu Ri New Materials (688199) reported a narrowed loss in its 2025 mid-year financial results, with total revenue declining and net profit improving year-on-year [1] Financial Performance - Total revenue for the first half of 2025 was 713 million yuan, a decrease of 7.11% compared to the previous year [1] - The net profit attributable to shareholders was -9.0573 million yuan, showing a year-on-year improvement of 29.69% [1] - In Q2 2025, total revenue was 357 million yuan, down 13.14% year-on-year, while net profit attributable to shareholders was 1.467 million yuan, up 117.28% year-on-year [1] - Gross margin was 13.5%, a decrease of 1.96% year-on-year, while net margin was -1.75%, an increase of 4.75% year-on-year [1] - Total operating expenses (selling, administrative, and financial) amounted to 55.6017 million yuan, accounting for 7.79% of revenue, an increase of 7.02% year-on-year [1] - Earnings per share were -0.06 yuan, an increase of 25.0% year-on-year, while operating cash flow per share was 0.25 yuan, up 726.08% year-on-year [1] Debt and Cash Flow - The company has a healthy cash position, with cash assets amounting to 686 million yuan, a 15.70% increase year-on-year [1][2] - The debt situation shows an interest-bearing debt of 1.076 billion yuan, a decrease of 6.04% year-on-year, with an interest-bearing asset-liability ratio of 24.91% [3] Market Position and Analyst Expectations - Analysts expect the company's performance in 2025 to reach 45 million yuan, with an average earnings per share forecast of 0.28 yuan [4] - The company has seen new investments from several funds, indicating growing interest in its stock [5]

一、强化主业优势，提升市场占有率 天津久日新材料股份有限公司 关于公司 2025 年度"提质增效重回报"行动方案 的半年度评估报告 天津久日新材料股份有限公司（以下简称公司）始终践行"以投资者为本" 的上市公司发展理念，维护广大投资者特别是中小投资者的利益，基于对公司未 来持续稳定发展的信心和对公司长期价值的认可，公司于 2025 年 4 月 19 日发布 了《天津久日新材料股份有限公司关于公司 2024 年度"提质增效重回报"行动 方案年度评估报告暨 2025 年度"提质增效重回报"行动方案》，对公司在 2024 年度开展的"提质增效重回报"行动进行了全面评估，并在此基础上，为进一步 深化提质增效举措，持续提升公司核心竞争力，公司制定了《2025 年度"提质 增效重回报"行动方案》（以下简称《行动方案》）。 2025 年上半年，公司切实履行并持续评估《行动方案》的具体举措，现将 《行动方案》半年度实施情况报告如下： 为实现公司光引发剂产品 184 全产业链的贯通，进一步增强市场竞争力，并 延伸公司控股孙公司湖南弘润化工科技有限公司（以下简称弘润化工）的苯甲酸 产品以完善产业布局，公司于 2025 年上半年对 ...

一、本次计提减值准备情况概述 根据《企业会计准则》及天津久日新材料股份有限公司（以下简称公司）会 计政策、会计估计的相关规定，为真实、准确地反映公司截至 2025 年 6 月 30 日的财务状况及经营成果，本着谨慎性原则，公司对截至 2025 年 6 月 30 日公司 及子公司的应收账款、其他应收款、长期应收款、存货等资产进行了减值测试， 2025 年半年度确认的各项资产减值损失合计为 650.14 万元，具体情况如下： 单位：万元 | 资产名称 | 2025 年半年度计提减值损失金额 | | --- | --- | | 坏账损失 | -63.30 | | 存货跌价损失 | -586.84 | | 合计 | -650.14 | 二、本次计提资产减值准备的具体说明 证券代码：688199 证券简称：久日新材 公告编号：2025-046 天津久日新材料股份有限公司 关于 2025 年半年度计提资产减值准备的公告 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。 四、其他说明 本次计提的各项资产减值准备的相关财务数据未经会计师事务 ...