9月17日，瑞联新材盘中上涨2.12%，截至09:54，报46.63元/股，成交4081.35万元，换手率0.51%，总市 值80.94亿元。 资金流向方面，主力资金净流入31.35万元，特大单买入252.96万元，占比6.20%，卖出0.00元，占比 0.00%；大单买入953.19万元，占比23.35%，卖出1174.80万元，占比28.78%。 瑞联新材所属申万行业为：电子-电子化学品Ⅱ-电子化学品Ⅲ。所属概念板块包括：股权转让、新材 料、增持回购、融资融券、高派息等。 截至7月31日，瑞联新材股东户数8787.00，较上期减少0.53%；人均流通股19753股，较上期增加 0.53%。2025年1月-6月，瑞联新材实现营业收入8.06亿元，同比增长16.27%；归母净利润1.66亿元，同 比增长74.22%。 分红方面，瑞联新材A股上市后累计派现4.98亿元。近三年，累计派现3.00亿元。 责任编辑：小浪快报 瑞联新材今年以来股价涨51.89%，近5个交易日涨2.94%，近20日涨5.95%，近60日涨8.57%。 资料显示，西安瑞联新材料股份有限公司位于陕西省西安市高新区锦业二路副71号，成立日期1 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688550 证券简称：瑞联新材公告编号：2025-081 西安瑞联新材料股份有限公司 关于持股5%以上股东权益变动触及1%刻度的提示性公告 股东宁波国富永钰创业投资合伙企业（有限合伙）保证向本公司提供的信息真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： ■ ■ 三、其他说明 1、本次权益变动为股东履行此前已披露的减持计划，具体内容详见公司于2025年6月4日在上海证券交 易所网站（www.sse.com.cn）披露的《持股5%以上股东减持股份计划公告》（公告编号：2025-055）。 截至本公告披露日，国富永钰累计减持股份4,128,900股，累计减持比例为2.38%，减持区间内前次减持 情况详见公司于2025年8月28日、2025年9月6日在上海证券交易所网站（www.sse.com.cn）披露的《关 于持股5%以上股东权益变动触及1%刻度的提示性公告》（公告编号：2025-079）、《关于持股5%以上 股东权益变动触及1%刻度的提示性公告》（公告编号： ...

证券代码：688550 证券简称：瑞联新材 公告编号：2025-081 西安瑞联新材料股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的 提示性公告 股东宁波国富永钰创业投资合伙企业（有限合伙）保证向本公司提供的信息真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 6.81% | | | | 权益变动后合计比例 | 5.87% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 3、一致行动人信息 上述减持主体无一致行动人。 二、 权益变动触及 1%刻度的基本情况 2025 年 9 月 16 日，西安瑞联新材料股份有限公司（下称"公司"）收到 公司持股 5%以上股东宁波国富永钰创业投资合伙企业（有限合伙）（下称"国 富永钰"）出具的关于权益变动情况的告知函，2025 年 9 月 8 ...

格隆汇9月16日丨瑞联新材(688550.SH)公布，2025年9月8日至2025年9月16日，国富永钰通过集中竞价 交易方式减持公司股份163.69万股，占公司总股本的比例为0.94%，国富永钰持有公司股份数量从 11,817,565股减少至10,180,665股，占公司总股本的比例从6.81%减少至5.87%，权益变动触及1%刻度。 ...

行 业 及 产 业 行 业 研 究 / 行 业 点 评 2025 年 09 月 14 日 美联储降息与金九银十共振，印度 GFL R32 泄露或助我国出口，我国 发起对美模拟芯片反倾销调查 看好 ——《化工周报 25/09/08-25/09/12》 证 券 研 究 证券分析师 马昕晔 A0230511090002 maxy@swsresearch.com 宋涛 A0230516070001 songtao@swsresearch.com 研究支持 任杰 A0230522070003 renjie@swsresearch.com 邵靖宇 A0230524080001 shaojy@swsresearch.com 周超 A0230123090004 zhouchao@swsresearch.com 李绍程 A0230525070002 lisc@swsresearch.com 赵文琪 A0230523060003 zhaowq@swsresearch.com 联系人 马昕晔 (8621)23297818× maxy@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 本期投资提示： 请 ...

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].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a significant increase in revenue, with a total operating income of 806 million yuan in the first half of 2025, representing a year-on-year growth of 16.27% [4] - The pharmaceutical intermediate segment saw a remarkable revenue increase of 548.49% year-on-year, reaching 150 million yuan, with a gross margin of 70.63% [4] - The electronic materials business also experienced substantial growth, with a revenue increase of 431.76% year-on-year, amounting to 27 million yuan [4] - The company's net profit attributable to shareholders for the first half of 2025 was 166 million yuan, reflecting a year-on-year growth of 74.22% [5] Financial Performance - In Q2 2025, the company reported an operating income of 462 million yuan, which is a year-on-year increase of 26.54% and a quarter-on-quarter increase of 34.39% [6] - The net profit for Q2 2025 was 120 million yuan, showing a year-on-year increase of 97.48% and a quarter-on-quarter increase of 163.95% [6] - The company maintained a sales expense ratio of 2.26% in Q2 2025, down 1.13 percentage points year-on-year [6] Market Position and Growth Potential - The company has established itself as a strategic supplier in the global supply chain for major panel manufacturers, including Dupont, Merck, and LG Chem [7] - The semiconductor materials segment is expected to continue growing, with the global market for photolithography materials projected to reach 5.06 billion USD in 2025, a year-on-year growth of approximately 7% [8] - The company has submitted multiple applications for drug registration, indicating a strong pipeline in the pharmaceutical sector [8] Earnings Forecast - The company is projected to achieve operating revenues of 1.724 billion yuan, 2.068 billion yuan, and 2.516 billion yuan for the years 2025, 2026, and 2027, respectively [10] - The net profit attributable to shareholders is expected to be 339 million yuan, 403 million yuan, and 494 million yuan for the same years [10] - The price-to-earnings ratio (P/E) is forecasted to be 23, 20, and 16 for the years 2025, 2026, and 2027, respectively [10]

证券代码：688550 证券简称：瑞联新材 公告编号：2025-080 西安瑞联新材料股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的 提示性公告 股东宁波国富永钰创业投资合伙企业（有限合伙）保证向本公司提供的信息真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 7.81% | | | | 权益变动后合计比例 | 6.81% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、 信息披露义务人及其一致行动人的基本信息 1、身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | ☑其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） ...

Core Viewpoint - Ruian New Materials (688550.SH) announced a significant equity change involving a major shareholder, Ningbo Guofu Yongyu Venture Capital Partnership, which reduced its stake in the company [1] Group 1 - The shareholder, Guofu Yongyu, sold 1,744,400 shares from August 28, 2025, to September 5, 2025, representing 1.00% of the total share capital [1] - Following the sale, Guofu Yongyu's total shareholding decreased from 13,561,965 shares to 11,817,565 shares, reducing its ownership percentage from 7.81% to 6.81% [1] - The equity change triggered a threshold of 1% [1]

Group 1 - The core viewpoint of the news is the performance and financial metrics of Xi'an Ruilian New Materials Co., Ltd., which saw a stock price increase of 5.1% to 46.15 CNY per share, with a total market capitalization of 8.011 billion CNY [1] - The company was established on April 15, 1999, and went public on September 2, 2020, focusing on the research, production, and sales of specialized organic new materials [1] - The main revenue composition of the company includes display materials at 77.97%, pharmaceutical intermediates at 18.63%, and other products at 3.41% [1] Group 2 - From the perspective of fund holdings, the Hongyi Yuanfang Fund has a significant position in Ruilian New Materials, with its mixed fund reducing its holdings by 6,500 shares, now holding 16,000 shares, which represents 1.82% of the fund's net value [2] - The fund, established on October 31, 2018, has a current scale of 31.9877 million CNY and has achieved a year-to-date return of 19.82%, ranking 3,123 out of 8,178 in its category [2] - Over the past year, the fund has seen a return of 43.79%, ranking 2,640 out of 7,978, and since its inception, it has achieved a return of 62.64% [2]