Group 1 - The core revenue composition of Nanya New Materials for the year 2024 is 98.17% from electronic specialty materials and 1.83% from other businesses [1] Group 2 - Nanya New Materials announced on August 11 that its actual controller and chairman, Mr. Bao Xiuyin, plans to reduce his shareholding by up to 3.736 million shares, representing no more than 1.59% of the total share capital, due to personal financial needs [3] - Additionally, supervisor Mr. Jin Jianzhong intends to reduce his shareholding by up to 270,000 shares, accounting for no more than 0.12% of the total share capital, also due to personal financial needs [3]

Core Viewpoint - The actual controller and chairman of Nanya New Materials (688519) plans to reduce his shareholding through centralized bidding and block trading, which may impact the company's stock performance [1] Group 1: Shareholding Reduction - The actual controller and chairman, Bao Xiuyin, intends to reduce his holdings by no more than 3.736 million shares, accounting for up to 1.59% of the company's total share capital [1] - The supervisor, Jin Jianzhong, plans to reduce his holdings by no more than 270,000 shares, representing up to 0.12% of the company's total share capital [1]

格隆汇8月11日｜南亚新材公告，公司实际控制人、董事长包秀银因个人资金需求，计划2025年9月3日 至2025年12月2日，通过集中竞价减持不超过218.85万股、大宗交易减持不超过154.75万股，合计不超过 373.6万股，占公司总股本1.59%；监事金建中拟于同期间通过集中竞价减持不超过27万股，占0.12%。 ...

转自：智通财经 【南亚新材：股东拟合计减持1.71%公司股份】《科创板日报》11日讯，南亚新材(688519.SH)公告称， 公司实际控制人、董事长包秀银拟减持不超过373.6万股，占公司总股本的1.59%；监事金建中拟减持不 超过27万股，占公司总股本的0.12%。减持期间为2025年9月3日至12月2日。减持价格按市场价格确 定，减持原因为个人资金需求。 ...

证券代码：688519 证券简称：南亚新材 公告编号：2025-059 南亚新材料科技股份有限公司 实际控制人之一兼董事长及监事减持股份计划公 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： 大股东及董监高持有的基本情况 截至本公告披露之日，南亚新材料科技股份有限公司（以下简称"公司"） 实际控制人、董事长包秀银先生持有公司股份 14,945,543 股，占公司总股本的 6.37%。上述股份来源于公司首次公开发行前持有的股份以及公司非公开发行股 份，合计 14,945,543 股，其中首次公开发行前持有的股份 8,755,543 股已于 2024 年 2 月 19 日解除限售并上市流通，非公开发行 6,190,000 股已于 2025 年 8 月 8 日解除限售并上市流通。监事金建中先生持有公司股份 1,081,750 股，占公司总 股本的 0.46%，上述股份来源于公司首次公开发行前持有的股份，已于 2021 年 8 月 18 日解除限售并上市流通。 减持计划的主要内容 近日，公司分别收到 ...

Core Viewpoint - The actual controller and chairman of the company, Bao Xiuyin, plans to reduce his holdings due to personal financial needs, which may impact the stock price and investor sentiment [1] Group 1 - The company announced that Bao Xiuyin intends to reduce his holdings from September 3, 2025, to December 2, 2025, through centralized bidding and block trading [1] - The total shares to be reduced by Bao Xiuyin amount to a maximum of 373.6 thousand shares, representing 1.59% of the company's total share capital [1] - Additionally, supervisor Jin Jianzhong plans to reduce his holdings by up to 27 thousand shares during the same period, accounting for 0.12% of the total shares [1]

证券代码：688519 证券简称：南亚新材 公告编号：2025-058 南亚新材料科技股份有限公司 关于回购股份集中竞价减持股份进展公告 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： 回购股份的基本情况 南亚新材料科技股份有限公司（以下简称"公司"）于 2024 年 2 月 21 日至 2024 年 4 月 16 日期间累计回购公司股份 7,866,401 股。前述股份将于回购完成 公告披露十二个月后采用集中竞价交易方式出售，并在回购完成公告披露后三年 内完成出售，若公司未能在上述期限内完成出售，未实施出售部分股份将履行相 关程序予以注销。 减持计划的进展情况 2025 年 7 月 14 日，公司在上海证券交易所网站（www.sse.com.cn）披露了 《关于回购股份集中竞价减持计划的公告》，公司计划自本公告之日起 15 个交 易日后的三个月内，通过集中竞价交易方式，按市场价格减持不超过 2,347,710 股的已回购股份，占公司总股本不超过 1%。若此期间公司有送股、资本公积金 转增股本等 ...

Core Viewpoint - The company has demonstrated significant growth in revenue and net profit for the first half of 2025, driven by successful market expansion in communications, AI, and server sectors [2][4]. Financial Performance - In H1 2025, the company achieved revenue of 2.305 billion yuan, a year-on-year increase of 43.06%, and a net profit attributable to shareholders of 87 million yuan, up 57.69% year-on-year [2][4]. - For Q2 2025, the company reported revenue of 1.353 billion yuan, a year-on-year increase of 41.69% and a quarter-on-quarter increase of 42.01%. The net profit for Q2 was 66 million yuan, reflecting a year-on-year increase of 46.21% and a quarter-on-quarter increase of 212.82% [2][4]. - The gross margin for H1 2025 improved by 1.4 percentage points to 11.53%, while the net margin increased by 0.35 percentage points to 3.78% [2][4]. Product Development - The company is successfully expanding its product range, particularly in high-speed copper-clad laminates, which have seen significant volume growth, especially in high-end products for AI servers [3][4]. - The company is actively pursuing domestic substitution in various types of copper-clad laminates and has achieved customer validation for some products in the HDI and IC substrate materials sectors [3][4]. - In the automotive materials sector, the company has developed various grades and types of materials for smart electric drives and autonomous driving, with product certifications progressing smoothly [3]. Capacity Expansion - The company is expanding its production capacity, with the Jiangxi N4-N5 factory reaching full production and the N6 factory adding two new production lines [4]. - The construction of a high-end electronic circuit substrate base in Nantong, Jiangsu, is underway, with the first smart factory for IC substrate materials beginning trial piling [4]. - The company is also planning overseas production bases, including a commercial land lease in Thailand [4]. Investment Outlook - The company maintains its profit forecasts for 2025-2027, expecting net profits of 264 million yuan, 520 million yuan, and 761 million yuan, respectively, with corresponding PE ratios of 40.1x, 20.4x, and 13.9x based on the closing price on August 8, 2025 [4]. - The PCB industry is experiencing favorable conditions, with increasing demand from AI and high-speed communication sectors, highlighting the structural demand for high-end products [4].

Investment Rating - The report maintains an "Accumulate" rating for the company [6][7]. Core Viewpoints - The company has benefited from significant growth in high-end products, with a 213% quarter-on-quarter increase in net profit for Q2 2025. The first half of 2025 saw revenue of 2.305 billion yuan, a year-on-year increase of 43.06%, and a net profit of 87 million yuan, up 57.69% year-on-year [2][13]. - The company's M8 grade materials are now in small-batch production for AI servers, and the gross margin for copper-clad laminates increased by 1.78 percentage points year-on-year in the first half of 2025 [3][4]. - The company is positioned as a leading domestic copper-clad laminate manufacturer, with a market share of approximately 3.2% globally, and is expected to benefit from the domestic substitution process [6]. Financial Summary - Revenue projections for the company are as follows: 2,983 million yuan in 2023, 3,362 million yuan in 2024, 4,774 million yuan in 2025, 6,180 million yuan in 2026, and 7,591 million yuan in 2027, with growth rates of -21.1%, 12.7%, 42.0%, 29.4%, and 22.8% respectively [1]. - The net profit attributable to the parent company is projected to be -129 million yuan in 2023, 50 million yuan in 2024, 253 million yuan in 2025, 511 million yuan in 2026, and 821 million yuan in 2027, with year-on-year growth rates of -387.9%, 138.9%, 403.6%, 101.7%, and 60.7% respectively [1]. - The company’s return on equity (ROE) is expected to improve from -5.3% in 2023 to 20.7% in 2027 [1]. Product and Market Development - The company has achieved significant sales growth in its main products, with revenue from copper-clad laminates reaching 1.78 billion yuan in the first half of 2025, a year-on-year increase of 41.88% [3]. - The company is expanding its production capacity, with plans to reach nearly 4 million sheets per month by the end of 2025, supported by new factories in Shanghai, Jiangxi, Jiangsu, and Thailand [5]. - The company is actively involved in various high-performance product sectors, including 5G, cloud computing, AI, and automotive applications [3][4].

Core Viewpoint - The financial performance of Nanya New Materials (688519) for the first half of 2025 shows significant growth in revenue and net profit, indicating a strong market position and operational efficiency [1]. Financial Performance Summary - Total revenue reached 2.305 billion yuan, a year-on-year increase of 43.06% [1]. - Net profit attributable to shareholders was 87.19 million yuan, up 57.69% year-on-year [1]. - In Q2 2025, total revenue was 1.353 billion yuan, reflecting a 41.69% increase compared to the same quarter last year [1]. - Q2 net profit attributable to shareholders was 66.07 million yuan, a 46.21% increase year-on-year [1]. - Gross margin improved to 11.53%, up 13.77% year-on-year, while net margin increased to 3.78%, a 10.23% rise [1]. - Total operating expenses were 68.56 million yuan, accounting for 2.97% of revenue, down 11.37% year-on-year [1]. Balance Sheet Highlights - Accounts receivable increased by 53.65% to 2.102 billion yuan, attributed to higher sales revenue [1][2]. - Cash and cash equivalents rose by 46.87% to 523 million yuan [1]. - Interest-bearing debt increased by 75.81% to 501 million yuan [1]. Cash Flow Analysis - Operating cash flow per share was -0.29 yuan, a significant decrease of 160.77% year-on-year [1]. - The net cash flow from investing activities decreased by 347.87%, primarily due to increased cash payments for fixed and intangible assets [5]. Market and Business Strategy - The company is actively expanding its market presence both domestically and internationally, focusing on high-speed materials for server and networking applications [9]. - The company has established a technical promotion and support team overseas, particularly in Taiwan, to enhance its market penetration [9]. Investment Interest - Several funds have shown interest in Nanya New Materials, with notable holdings from various investment funds [8]. - The company is expected to achieve a net profit of 250 million yuan in 2025, with an average earnings per share forecast of 1.05 yuan [7].