证券代码：688257 证券简称：新锐股份 公告编号：2025-059 苏州新锐合金工具股份有限公司 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 14 日（星期五）上午 9:00-10:00 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 7 日（星期五）至 11 月 13 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 dongmi@shareate.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。 苏州新锐合金工具股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发布公司 2025 年第三季度报告，为便于 ...

公司发布的三季报数据显示，前三季度公司共实现营业收入17.89亿元，同比增长32.11%，实现净利润 1.65亿元，同比增长22.68%，基本每股收益为0.6613元，加权平均净资产收益率7.33%。（数据宝） （文章来源：证券时报网） 新锐股份股价创出历史新高，截至11:22，该股上涨3.17%，股价报25.36元，成交量368.52万股，成交金 额9165.33万元，换手率1.46%，该股最新A股总市值达64.01亿元，该股A股流通市值64.01亿元。 证券时报·数据宝统计显示，新锐股份所属的机械设备行业，目前整体跌幅为0.91%，行业内，目前股价 上涨的有148只，涨停的有宝色股份、厦工股份等4只。股价下跌的有430只，跌幅居前的有安培龙、强 瑞技术、力星股份等，跌幅分别为7.24%、6.67%、6.45%。 两融数据显示，该股最新（11月3日）两融余额为2.86亿元，其中，融资余额为2.86亿元，近10日减少 98.62万元，环比下降0.34%。 ...

Investment Rating - The investment rating for the company is "Buy" [7]. Core Insights - The company reported a revenue of 1.79 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 32.1%, and a net profit attributable to shareholders of 170 million yuan, up 22.7% year-on-year. In Q3 alone, revenue reached 650 million yuan, a 38.0% increase year-on-year, and net profit was 60 million yuan, reflecting a significant year-on-year growth of 75.4% [1][2]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company's comprehensive gross margin was 32.4%, an increase of 0.7 percentage points year-on-year. The expense ratio was 20.2%, up 1.6 percentage points year-on-year, while the net profit margin was 10.6%, down 0.9 percentage points year-on-year. In Q3, the comprehensive gross margin improved to 32.9%, a year-on-year increase of 2.1 percentage points and a quarter-on-quarter increase of 0.8 percentage points. The net profit margin for Q3 was 11.0%, up 1.9 percentage points year-on-year and 0.9 percentage points quarter-on-quarter [3]. Market Expansion and Product Development - The company's revenue growth is attributed to aggressive market expansion and the consolidation of Drillco in Chile, with all business segments showing strong growth. The price adjustments of products due to rising raw material costs have also contributed to the increase in profitability [2][4]. Strategic Positioning - The company is transitioning from a single consumable supplier to a comprehensive solution provider through dual-channel and product strategies. The acquisition of AMS in Australia in 2016 marked the beginning of this transformation, followed by the establishment of subsidiaries in the U.S., South Korea, and Canada, and the acquisition of Drillco in Chile in 2025, enhancing its service capabilities in local markets. The company has also expanded its product offerings, including roller bits and top hammer drilling tools, solidifying its position in the mining consumables sector [4]. Earnings Forecast and Valuation - The earnings forecast for 2025-2027 has been adjusted, with projected revenues of 2.36 billion yuan for 2025, 3.00 billion yuan for 2026, and 3.62 billion yuan for 2027. The net profit attributable to shareholders is expected to be 230 million yuan in 2025, 300 million yuan in 2026, and 370 million yuan in 2027. The earnings per share (EPS) estimates have been revised to 0.92 yuan for 2025, 1.18 yuan for 2026, and 1.48 yuan for 2027. The closing price on October 29, 2025, was 23.90 yuan, corresponding to price-to-earnings (PE) ratios of 26, 20, and 16 for 2025-2027 respectively [5][10].

Core Insights - Xinrui Co., Ltd. (688257.SH) released its Q3 2025 financial report on October 28, 2025, indicating a total of 10.09 million shares held by three institutional investors, accounting for 4.00% of the total share capital [1] - The institutional holding ratio decreased by 6.99 percentage points compared to the previous quarter [1] Institutional Investors - Three institutional investors disclosed their holdings in Xinrui Co., Ltd., including Suzhou Industrial Park Xinhong Zhongfu Enterprise Management Center (Limited Partnership), Agricultural Bank of China - Huaxia Stable Growth Mixed Securities Investment Fund, and Shanghai Hongshang Asset Management Center (Limited Partnership) - Hongshang Asset Hongli No. 2 Private Securities Investment Fund [1] - The total institutional holding ratio is now at 4.00% [1] Public Funds - One public fund, Huaxia Stable Growth Mixed Fund, reduced its holdings by 0.15% compared to the previous quarter [1] - A total of 99 public funds did not disclose their holdings this quarter, including notable funds such as Nuon An Pioneer Mixed A, Guoshou Anbao Smart Life Stock A, and others [1]

Core Points - The company has adjusted the grant price of the 2023 restricted stock incentive plan from 7.82 yuan/share to 7.78 yuan/share due to the implementation of the 2025 semi-annual profit distribution on October 13, 2025 [9][17][20] - The adjustment of the grant price complies with the relevant regulations of the "Management Measures for Equity Incentives of Listed Companies" and the company's incentive plan [22][38][55] Financial Data - The financial report for the third quarter of 2025 has been prepared and reviewed in accordance with relevant laws and regulations, reflecting the company's financial status and operating results accurately [60][61] - The company has confirmed that the quarterly report does not contain any false records, misleading statements, or major omissions [2][60] Shareholder Information - The company has conducted necessary procedures for the adjustment of the incentive plan, including board meetings and independent director opinions [10][12][27] - The adjustments made to the incentive plans do not require further approval from the shareholders' meeting as they are authorized by the previous shareholder resolutions [21][37][54] Legal Opinions - The legal opinion confirms that the company has obtained the necessary approvals for the adjustments and that they comply with legal regulations [25][40][57]

Core Viewpoint - The company has adjusted the grant price for its 2024 restricted stock incentive plan from 7.82 yuan per share to 7.78 yuan per share following the completion of its 2025 semi-annual equity distribution [1] Summary by Relevant Sections - **Company Announcement** - On October 27, 2025, the company held its 18th meeting of the fifth board of directors, where it approved the adjustment of the grant price for the 2024 restricted stock incentive plan [1] - **Adjustment Details** - The adjustment of the grant price was made in accordance with the provisions of the draft and summary of the 2024 restricted stock incentive plan, reflecting the completion of the company's equity distribution on October 13, 2025 [1]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [1] Financial Performance - The company achieved a revenue of 648,104,035.90 yuan in Q3 2025, representing a year-on-year growth of 38.02% [1] - The net profit attributable to shareholders reached 64,557,504.66 yuan, showing a year-on-year increase of 75.40% [1]

Core Points - The company announced an adjustment to the exercise price of its stock appreciation rights plan for 2023, changing it from 7.82 CNY per share to 7.78 CNY per share [2] Summary by Category - **Company Announcement** - The company held its fifth board meeting on October 27, 2025, where it approved the adjustment of the exercise price for the 2023 stock appreciation rights plan [2] - The adjustment was made following the completion of the company's equity distribution on October 13, 2025 [2]

Group 1 - The core viewpoint of the article highlights the financial performance of a company, 新锐股份, which reported a revenue of approximately 1.789 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 32.11% [1] - The net profit attributable to shareholders of the listed company was approximately 165 million yuan, showing a year-on-year increase of 22.68% [1] - The basic earnings per share reached 0.6613 yuan, reflecting a year-on-year increase of 22.61% [1]

Group 1 - The company Xinrui Co., Ltd. announced that its 18th meeting of the 5th board of directors was held on October 27, 2025, via communication methods [1] - The meeting reviewed the proposal regarding the third quarter report for 2025 [1] Group 2 - The article discusses the complexities surrounding the private shipping king's acquisition of the Shanshan Group, highlighting the emergence of a mysterious figure in the restructuring consortium [1]