截至发稿，金天钛业市值为95亿元。 每经头条（nbdtoutiao）——谁在替王家卫写《繁花》？揭秘影视剧本层层转包"枪手链" （记者 张明双） 每经AI快讯，金天钛业（SH 688750，收盘价：20.64元）11月12日晚间发布公告称，公司限售股份约 1.5亿股将于2025年11月20日解禁并上市流通，占公司总股本比例为32.36%。 2024年1至12月份，金天钛业的营业收入构成为：有色金属冶炼和压延加工占比96.74%，其他业务占比 3.26%。 ...

Group 1 - The core viewpoint of the news highlights the financial performance and trading activity of Jintian Titanium Industry, indicating a decrease in both revenue and net profit for the first nine months of 2025 compared to the previous year [2][3] - As of November 3, 2023, Jintian Titanium's stock price fell by 0.38%, with a trading volume of 54.96 million yuan, and a net financing outflow of 64.17 million yuan [1] - The company has a total financing and securities balance of 134 million yuan, which accounts for 7.60% of its circulating market value [1] Group 2 - Jintian Titanium, established on April 8, 2004, specializes in the research, production, and sales of high-end titanium and titanium alloy materials, primarily serving the aerospace, naval, and military sectors [2] - The company's main products consist of titanium and titanium alloy bars, forgings, and components, with 96.40% of its revenue derived from these products [2] - As of September 30, 2025, the number of shareholders decreased by 12.36% to 13,800, while the average circulating shares per person increased by 14.11% to 6,029 shares [2]

Core Viewpoint - Jintian Titanium Industry, established in April 2004, focuses on high-end titanium and titanium alloy materials, with plans to be listed on the Shanghai Stock Exchange on November 20, 2024 [1] Group 1: Company Overview - Jintian Titanium Industry is a high-tech enterprise primarily engaged in the research, production, and sales of high-end titanium and titanium alloy materials [1] - The company is a major R&D and production base for high-end titanium alloy bars and forgings in China, serving sectors such as aerospace, naval vessels, and weaponry [1] Group 2: Financial Performance - For Q3 2025, Jintian Titanium reported revenue of 425 million yuan, ranking 14th in the industry, significantly lower than the top competitor, Guoyan Platinum, which had 45.179 billion yuan [2] - The company's net profit for the same period was 47.418 million yuan, ranking 13th in the industry, again far below the leading competitor, Xiyu Co., which reported 1.845 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, Jintian Titanium's debt-to-asset ratio was 31.13%, lower than the industry average of 44.55% [3] - The gross profit margin for Q3 2025 was 34.46%, which, while lower than the previous year's 38.38%, still exceeded the industry average of 20.16% [3] Group 4: Management Compensation - The chairman, Li Xinluo, received a salary of 921,100 yuan in 2024, a decrease of 107,700 yuan from the previous year [4] - The general manager, Fan Kai, also saw a salary reduction to 921,100 yuan in 2024, down by 110,100 yuan from 2023 [4] Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 12.36% to 13,800 [5] - The average number of circulating A-shares held per shareholder increased by 14.11% to 6,029.11 [5] Group 6: Market Outlook - According to Shenwan Hongyuan, Jintian Titanium's H1 2025 report showed improved revenue and performance despite short-term pressure from demand slowdown [6] - The company is expected to benefit from new product launches in the aerospace and marine sectors, with a projected net profit of 170 million yuan for 2025, increasing to 330 million yuan by 2027 [6]

Core Viewpoint - Jintian Titanium Industry announced a comprehensive asset review and impairment testing, resulting in a credit impairment loss provision of 22,509,018.81 yuan for the first three quarters of 2025 [1] Group 1 - The company conducted a thorough examination of various assets in accordance with the Accounting Standards for Enterprises and relevant accounting policies [1] - The impairment testing indicated signs of impairment for certain assets before the third quarter of 2025 [1] - The total amount of credit impairment loss to be recognized is approximately 22.51 million yuan [1]

筹码集中度方面，截至2025年三季度末，公司股东总户数为1.38万户，较上半年末下降了1948户，降幅 12.36%；户均持股市值由上半年末的63.05万元增加至70.74万元，增幅为12.20%。 资料显示，湖南湘投金天钛业科技股份有限公司位于湖南省常德经济技术开发区德山街道青山社区乾明 路97号，成立日期2004年4月8日，上市日期2024年11月20日，公司主营业务涉及主要从事高端钛及钛合 金材料的研发、生产和销售的高新技术企业。公司主营产品为钛及钛合金棒材、锻坯及零部件,主要应 用于航空、航天、舰船及兵器等高端装备领域。公司秉承"服务军工、产业报国、强军兴国"的经营理 念,以差异化竞争和技术服务开拓市场,通过多年的积累和发展,已成为我国高端钛合金棒材、锻坯主要研 发生产基地之一。主营业务收入构成为：钛及钛合金产品96.40%，其他3.60%。 10月30日，金天钛业发布2025年三季报。报告显示，公司前三季度营业收入为4.25亿元，同比下降 31.27%；归母净利润为4741.81万元，同比下降59.42%；扣非归母净利润为3341.86万元，同比下降 68.22%；基本每股收益0.10元。 2025 ...

证券代码：688750 证券简称：金天钛业 公告编号：2025-029 湖南湘投金天钛业科技股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 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、计提资产减值准备情况 根据《企业会计准则》和相关会计政策的规定，湖南湘投金天钛 业科技股份有限公司（以下简称公司）对各类资产进行了全面清查和 减值测试，对截至 2025 年前三季度存在减值迹象的相关资产计提相 应的减值准备。具体情况如下： 二、2025 年前三季度计提资产减值准备事项的具体说明 （一）信用减值损失 公司以预期信用损失为基础，对应收票据、应收账款、其他应收 款进行了减值测试。经测试，2025 年前三季度需计提信用减值损失 金额 22,509,018.81 元。 1 单位：元 币别：人民币 项目 期初余额 本期计提数 本期转销数 本期减少 期末余额 坏账准备 53,149,628.41 22,509,018.81 75,658,647.22 存货跌价准备 23,163,455.23 2,779,107.84 ...

湖南湘投金天钛业科技股份有限公司 2025 年第三季度报告 证券代码：688750 证券简称：金天钛业 湖南湘投金天钛业科技股份有限公司 2025 年第三季度报告 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 107,059,872.91 | -48.70 | 424,648,242.58 | -31.27 | | 利润总额 | 6,116,507.13 | -84.75 | 48,849 ...

Market Overview - The small metals sector experienced a decline of 1.55% on October 28, with Xiyang Co. leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Small Metals Sector Performance - Notable gainers in the small metals sector included: - Zhongtung High-tech (000657) with a closing price of 22.51, up 10.02% and a trading volume of 1.46 million shares [1] - Dongfang Silver (000962) closed at 34.50, up 8.15% with a trading volume of 606,400 shares [1] - Yunnan Chuangye (002428) closed at 27.96, up 3.44% with a trading volume of 388,100 shares [1] - Other companies with positive performance included Xianglu Tungsten Industry (002842) and Jintian Titanium Industry (688750), both showing modest gains [1] Fund Flow Analysis - The small metals sector saw a net outflow of 3.028 billion yuan from main funds, while retail investors contributed a net inflow of 2.267 billion yuan [2] - The main funds showed significant outflows from companies like Zhongtung High-tech and Yunnan Chuangye, while retail investors were net buyers in these stocks [3] Individual Stock Highlights - Zhongtung High-tech had a main fund net inflow of 509 million yuan, but also saw significant outflows from retail investors [3] - Yunnan Chuangye reported a main fund net inflow of 154 million yuan, with retail investors also showing net outflows [3] - Dongfang Silver experienced a main fund net inflow of 73.66 million yuan, while retail investors had a slight outflow [3]

Core Points - The Shanghai Composite Index is currently at 3993.52 points, slightly below the half-year line with a change of -0.09% [1] - A total of 66 A-shares have surpassed the half-year line today, with notable stocks showing significant deviation rates [1] Group 1: Stock Performance - The stock with the highest deviation rate is Libang Instruments, with a deviation rate of 14.95% and a daily increase of 16.28% [1] - Tax Friend Co. and Founder Motor follow with deviation rates of 6.81% and 6.27%, respectively, both showing daily increases of 10.00% and 9.98% [1] - Other notable stocks include Cuihua Jewelry and Furuite Equipment, with deviation rates of 4.94% and 4.50% respectively [1] Group 2: Trading Volume and Market Activity - The total trading volume of A-shares today reached 10089.87 billion yuan [1] - The turnover rate for Tax Friend Co. is notably high at 46.64%, indicating strong trading activity [1] - Other stocks with significant turnover rates include Libang Instruments at 10.82% and Cuihua Jewelry at 8.21% [1]

Core Viewpoint - The upstream titanium concentrate supply-demand gap is expected to continue narrowing in the medium term, leading to a more relaxed raw material supply, which may reduce costs for titanium processing companies and enhance their profit margins [1] Supply - Titanium concentrate production has been declining in recent years, with global reserves expected to decrease by 25.3% year-on-year in 2024 due to the closure of old mines in Australia and slow exploration of new mines [2] - It is projected that titanium concentrate supply will increase to 9.84 million tons, 10.27 million tons, and 10.71 million tons from 2025 to 2027, with year-on-year growth rates of 4.7%, 4.4%, and 4.3% respectively [2] Demand - The demand for titanium concentrate may slow down in the medium term as the expansion rate of midstream smelting products, such as titanium dioxide and sponge titanium, is expected to decelerate [3] - Although domestic production of titanium dioxide and sponge titanium has been expanding, overall global production capacity growth is expected to decline, particularly in overseas markets [3] Price - The supply of titanium concentrate is anticipated to become more relaxed, with prices expected to decline, which will likely benefit downstream titanium material companies by lowering production costs and enhancing profit margins [4] - From 2025 to 2027, the growth rate of titanium concentrate demand is expected to be lower than that of supply, indicating a continued narrowing of the supply-demand gap and further price reduction potential [4]