Core Viewpoint - Huaguang New Materials (SH 688379) announced a plan for shareholders to reduce their holdings due to funding needs, with specific details on the number of shares and percentages involved [1][2]. Shareholder Holdings - Hangzhou Huaguang Investment Co., Ltd. holds 8.65 million shares, approximately 9.60% of the total share capital, acquired through a transfer on March 11, 2024 [1]. - Key executives hold the following shares: - Hu Ling: 85,000 shares (0.0944%) - Yu Dingkun: 80,000 shares (0.0888%) - Tang Weigang: 80,000 shares (0.0888%) - Shu Junsheng: 75,200 shares (0.0835%) - Zhang Gaiying: 28,000 shares (0.0311%) [1]. Planned Share Reductions - Huaguang Investment plans to reduce up to 2.7 million shares (approximately 3.00% of total share capital) within three months after the announcement [1]. - Individual executives also plan to reduce their holdings as follows: - Hu Ling: up to 21,250 shares (0.0236%) - Yu Dingkun: up to 20,000 shares (0.0222%) - Tang Weigang: up to 20,000 shares (0.0222%) - Shu Junsheng: up to 18,800 shares (0.0209%) - Zhang Gaiying: up to 7,000 shares (0.0078%) [2]. Business Composition - For the year 2024, Huaguang New Materials' revenue composition is as follows: welding materials manufacturing accounts for 99.8%, while other businesses account for 0.2% [3]. Market Capitalization - As of the report, Huaguang New Materials has a market capitalization of 4.6 billion yuan [4].

Core Points - Huaguang New Materials (688379) announced on September 15 that its shareholder, Huaguang Investment, which holds 9.6% of the company's shares, plans to reduce its stake by up to 2.9972% of the total share capital, equating to a maximum of 2.7 million shares through block trading or centralized bidding due to its own operational funding needs [1]

证券代码：688379 证券简称：华光新材 公告编号：2025-064 杭州华光焊接新材料股份有限公司 持股 5%以上股东、董事及高级管理人员 减持股份计划公告 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： 持股 5%以上股东、董事及高级管理人员持股的基本情况 截至本公告披露日，公司股东杭州铧广投资有限公司（以下简称"铧广投 资"） 持有公司股份 8,650,000 股，占公司总股本的比例为 9.6020%,股份来源 为 2024 年 3 月 11 日通过杭州通舟投资管理有限公司协议转让获得的股票，为无 限售流通股。 截至本公告披露日，董事、副总经理、董事会秘书胡岭女士直接持有公司股 份 85,000 股，占公司总股本的 0.0944%；副总经理、核心技术人员余丁坤先生 直接持有公司股份 80,000 股，占公司总股本的 0.0888%；副总经理、核心技术 人员唐卫岗先生直接持有公司股份 80,000 股，占公司总股本的 0.0888%；副总 经理舒俊胜先生直接持有公司股份 75,200 股， ...

Group 1 - The core viewpoint of the articles highlights Huaguang New Materials' recognition in the ESG field, being selected as one of the "Top 100 Best Practices in ESG for Chinese Listed Companies (Small and Medium-sized)" for 2025, showcasing its leadership in sustainable development and industry influence [1] - Huaguang New Materials achieved a revenue of 1.206 billion yuan in the first half of 2025, representing a year-on-year growth of 39.03%, and a net profit of 123 million yuan, with a significant increase of 174.02% [2] - The company is a leader in the domestic brazing materials industry, focusing on the research, manufacturing, and sales of intelligent, efficient, and green welding materials and technologies, with products widely used in high-end manufacturing sectors [1][2] Group 2 - Huaguang New Materials is actively expanding into emerging fields such as new energy vehicles, electronics, and AI, with its tin-based brazing materials seeing a revenue increase of over 1180% year-on-year, becoming a new growth point for the company [2] - The company has accelerated its layout in new business areas, achieving batch sales revenue in the AI liquid cooling server sector, which accounted for 2.4% of its total revenue in the first half of 2025 [3] - Huaguang New Materials has expanded its overseas business to over 50 countries, focusing on consolidating its presence in the "Belt and Road" and Southeast Asian markets while accelerating expansion into North America, the Middle East, and Africa [3]

Group 1 - The company, Huaguang New Materials (688379.SH), is primarily supplying precision brazing materials in the liquid cooling server sector [1] - The company is gradually advancing the verification of new products and new customers, in addition to existing bulk supply orders [1] - Currently, the revenue contribution from this sector is relatively low, and investors are advised to be aware of the associated risks [1]

Group 1 - The company, Huaguang New Materials (688379.SH), is currently supplying precision brazing materials in the liquid cooling server sector [1] - In addition to existing bulk supply orders, the company is gradually advancing the verification of new products and new customers [1] - The revenue contribution from this sector is currently low, and investors are advised to be aware of the associated risks [1]

杭州华光焊接新材料股份有限公司 2025 年第四次临时股东会会议资 料 杭州华光焊接新材料股份有限公司 2025 年第四次临时股东会会议资料 2025 年 9 月 1 | 议案一附件 9 | | --- | 杭州华光焊接新材料股份有限公司 2025 年第四次临时股东会会议资 料 2025 年第四次临时股东会会议须知 为了维护全体股东的合法权益，保障股东依法行使股东权利，确保股东会的正常 秩序和议事效率，杭州华光焊接新材料股份有限公司（以下简称"公司"）根据《公司章 程》以及《公司股东会议事规则》等相关规定，制定本次股东会会议须知： 一、董事会以维护股东的合法权益、确保股东会正常秩序和议事效率为原则，认 真履行《公司章程》中规定的职责。 二、为能及时、准确地统计出席会议的股东（或其授权代表）所持有的股份总数， 登记出席股东会的各位股东或其代理人应准时到达会场签到并确认参会资格。股东参 会登记结束前没有通过现场、传真或邮件方式登记的，或不在签到表上登记签到的， 或会议正式开始后没有统计在会议公布股权总数之内的股东或股东授权代表，不得参 加表决和发言。 三、为保证本次股东会的严肃性和正常秩序，切实维护与会股东（或其 ...

Market Overview - The general equipment sector experienced a decline of 0.63% on September 2, with Huaguang New Materials leading the losses [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Top Gainers - Hengjin Induction (Code: 838670) saw a significant increase of 29.99%, closing at 24.79 with a trading volume of 196,800 shares [1] - Jiyang Precision (Code: 836720) rose by 20.06%, closing at 20.35 with a trading volume of 284,600 shares [1] - Anpeilong (Code: 301413) increased by 13.42%, closing at 136.00 with a trading volume of 120,000 shares [1] Top Losers - Huaguang New Materials (Code: 688379) fell by 9.36%, closing at 51.21 with a trading volume of 82,900 shares [2] - Dayuan Quanye (Code: 603757) also dropped by 9.36%, closing at 47.95 with a trading volume of 177,500 shares [2] - Tongfei Co., Ltd. (Code: 300990) decreased by 9.25%, closing at 70.75 with a trading volume of 101,200 shares [2] Capital Flow - The general equipment sector saw a net outflow of 1.543 billion yuan from institutional investors, while retail investors had a net inflow of 1.991 billion yuan [2][3] - Notable stocks with significant capital inflow include Wuzhou Xinchun (Code: 603667) with a net inflow of 449 million yuan [3] - Qin Chuan Machine Tool (Code: 000837) had a net inflow of 441 million yuan from institutional investors [3]

Group 1 - A significant number of high-profile stocks, including Jingwang Electronics, Changfei Fiber, and Jimin Health, have hit the daily limit down [1] - Over 30 stocks, such as Tianfu Communication and Huahong Company, have experienced declines exceeding 10% [1]

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, driven by demolition income recognition [1] - The second quarter of 2025 showed a decline in net profit, indicating short-term pressure on profitability despite overall revenue growth [2] Financial Performance - In H1 2025, the company achieved revenue of 1.206 billion yuan, up 39.03% year-on-year, and a net profit of 123 million yuan, up 174.02% year-on-year [1] - The Q2 2025 revenue was 620 million yuan, reflecting a year-on-year increase of 22.29%, while net profit decreased by 25.46% to 28 million yuan [1] - The gross margin for H1 2025 was 11.07%, down 3.97 percentage points year-on-year, and for Q2 2025, it was 11.47%, down 6.15 percentage points [2] Business Segments - The company’s core businesses in refrigeration and electrical sectors saw revenue growth of 22.47% and 66.95% respectively in H1 2025 [3] - The electronic and new energy sectors experienced substantial growth, with revenues increasing by 75.92% and 50.01% year-on-year [3] - The company is actively expanding into new products such as electronic connection materials and high-precision soldering materials, which are expected to enhance overall profitability [2] Emerging Opportunities - The company is leveraging opportunities in AI cooling solutions and robotics, with the liquid cooling segment generating nearly 29 million yuan in revenue in H1 2025, accounting for 2.4% of total revenue [3] - The company’s international strategy is yielding results, with overseas revenue increasing by 37.96% year-on-year, covering over 50 countries [3] Future Outlook - Revenue projections for 2025-2027 are 2.512 billion, 3.421 billion, and 4.356 billion yuan, with year-on-year growth rates of 31.0%, 36.2%, and 27.3% respectively [4] - Expected net profits for the same period are 195 million, 190 million, and 244 million yuan, with growth rates of 142.1%, -2.5%, and 28.0% respectively [4]