证券代码：688199 证券简称：久日新材 公告编号：2025-050 名称：天津市瑞武股权投资基金合伙企业（有限合伙） 天津久日新材料股份有限公司 关于参与设立的投资基金减资、延长存续期 暨关联交易的进展公告 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、准确性和完整性依法承担法律责任。 一、参与设立的投资基金减资、延长存续期暨关联交易概述 天津久日新材料股份有限公司（以下简称公司）于 2025 年 8 月 21 日召开第 五届董事会第二十七次会议、第五届监事会第二十四次会议，审议通过《关于参 与设立的投资基金减资、延长存续期暨关联交易的议案》，同意公司参与设立的 天津市瑞武股权投资基金合伙企业（有限合伙）（以下简称瑞武基金）对已分配 的 2,260.00 万元进行减资处理，即瑞武基金的认缴出资额由 10,000.00 万元扣 减 2,260.00 万元后变更为 7,740.00 万元，各合伙人按照出资比例等比例减资。 本次减资完成后，公司对瑞武基金的认缴出资额将由 3,800.00 万元减少至 2,941.20 万元，认缴出资比例不变，仍为 38.0 ...

Core Viewpoint - The company Jiuri New Materials (688199.SH) is actively developing semiconductor photoresists, targeting key clients in the semiconductor, LED, and power chip industries, with initial product validation and orders achieved [1] Group 1: Product Development - The company's semiconductor photoresist project includes i-line and g-line photoresists [1] - Samples of the semiconductor photoresist have been sent to clients, with some products already validated by downstream customers [1] Group 2: Market Engagement - The target customers for the company's products primarily consist of semiconductor chip manufacturers, LED chip producers, and power chip companies [1] - The company has accumulated ton-level orders, indicating a positive market response [1]

Core Viewpoint - The company, Jiu Ri New Materials (688199.SH), is actively developing semiconductor photoresists, targeting clients in the semiconductor chip, LED chip, and power chip industries, with initial samples already sent to customers and some products validated by downstream clients [1] Group 1 - The semiconductor photoresist project includes i-line and g-line photoresists [1] - The company has received ton-level orders as a result of customer validation [1]

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。 ...