Group 1 - The company has not yet conducted research on carbonyl iron powder in the solid-state battery field [1]

Summary of Key Points Core Viewpoint - The announcement details the completion of a share reduction plan by a major shareholder of Jiangxi Yue'an New Materials Co., Ltd., indicating a strategic move in the company's shareholder structure and potential implications for market perception [1][2][3]. Group 1: Shareholder Information - Prior to the reduction plan, the shareholder Ganzhou Ruizhi Equity Investment Partnership (Limited Partnership) held 79,608 shares, accounting for 0.0554% of the company's total share capital [1]. - The shareholder, along with two other entities, forms a concerted action relationship, collectively holding 2,233,834 shares, which represents 1.5534% of the total share capital [1][2]. Group 2: Reduction Plan Implementation - The reduction plan was initially disclosed on July 15, 2025, with a maximum intended reduction of 79,608 shares, equivalent to 0.0554% of the total share capital [2][3]. - The actual reduction occurred between August 11 and August 28, 2025, with the shareholder successfully reducing their holdings by 79,608 shares through centralized bidding [2][3]. - The shares were sold at a price range of 27.37 to 28.14 yuan per share, resulting in a total reduction amount of approximately 2,204,521.86 yuan [3].

Core Viewpoint - The recent financial report of Yuean New Materials (688786) shows a slight decline in total revenue but an increase in net profit, indicating improved profitability despite revenue challenges [1]. Financial Performance - Total revenue for the first half of 2025 was 203 million yuan, a decrease of 0.76% year-on-year [1]. - Net profit attributable to shareholders reached 37.9864 million yuan, an increase of 3.54% year-on-year [1]. - In Q2 2025, total revenue was 107 million yuan, down 8.26% year-on-year, while net profit was 21.1519 million yuan, up 6.26% year-on-year [1]. - Gross margin improved to 38.0%, reflecting a year-on-year increase of 9.36%, and net margin rose to 18.61%, up 4.65% year-on-year [1]. Key Financial Metrics - The company reported a total of 2.05748 million yuan in combined selling, administrative, and financial expenses, which accounted for 10.12% of revenue, an increase of 18.73% year-on-year [1]. - Earnings per share remained stable at 0.26 yuan, while operating cash flow per share increased significantly by 168.41% to 0.53 yuan [1]. - The company's return on invested capital (ROIC) was 8.3% last year, with a historical median ROIC of 17.97% since its listing [1]. Business Model and Market Position - The company's performance is primarily driven by capital expenditures, necessitating careful evaluation of the profitability of these investments [2]. - The company has achieved stable operations, with its carbonyl iron powder product gaining recognition in the domestic magnetorheological fluid suspension market, indicating potential for increased market penetration [2].

Company Overview - Yuean New Materials (SH 688786) announced on August 28, 2025, that shareholder Ruizhi Investment has completed its share reduction plan, reducing its holdings by 79,608 shares, which accounts for 0.0554% of the company's total share capital [1] Financial Performance - For the year 2024, Yuean New Materials' revenue composition is as follows: electronic components 40.83%, precision parts 36.61%, other businesses 18.29%, and additional business activities 4.26% [1] - As of the report date, the market capitalization of Yuean New Materials is 3.9 billion yuan [1]

证券代码：688786 证券简称：悦安新材 公告编号：2025-036 江西悦安新材料股份有限公司 关于股东减持股份结果公告 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： 股东持股的基本情况 本次减持计划实施前，江西悦安新材料股份有限公司（以下简称"公司"） 股东赣州瑞智股权投资合伙企业（有限合伙）（以下简称"瑞智投资"）持有公司 股份 79,608 股，占公司总股本的 0.0554%。 瑞智投资和公司股东赣州瑞和股权投资合伙企业（有限合伙）（以下简称"瑞 和投资"）、萍乡瑞岚股权投资合伙企业（有限合伙）（以下简称"瑞岚投资"）均 系由深圳德财基金管理有限公司担任执行事务合伙人的有限合伙企业，三者构成 一致行动关系，三者合计持有公司股份 2,233,834 股，占公司总股本比例为 1.5534%。 上述股东的股份来源均为公司首次公开发行前取得的股份及通过公司实施 权益分派资本公积金转增股本取得的股份，并均已上市流通。 减持计划的实施结果情况 公司于 2025 年 7 月 15 日在上海证券交易 ...

Core Viewpoint - The demand for high-end metal powder products is rising, coupled with a decrease in costs, leading to positive net profit growth for the leading company in the micro-nano metal powder industry in the first half of the year [1] Group 1: Financial Performance - The company, Jiangxi Yuean New Materials Co., Ltd., reported a revenue of 203 million yuan, a year-on-year decrease of 0.76% [1] - The net profit attributable to shareholders was 37.9864 million yuan, reflecting a year-on-year increase of 3.54% [1] - The net profit after deducting non-recurring gains and losses was 35.0706 million yuan, up 4.83% year-on-year [1] Group 2: Product Demand and Market Position - The company specializes in the research, production, and sales of micro-nano metal powder new materials, focusing on carbonyl iron powder and atomized alloy powder [2] - The micro-nano metal powder products are widely used in various end applications, including 3C precision parts, electronic components, automotive parts, diamond tools, and 3D printing materials [2] - The company is one of the few in China capable of large-scale production of carbonyl iron powder and has advanced technology in both water atomization and gas atomization alloy powder processes [2][3] Group 3: Innovation and R&D - The company has increased its R&D investment by 14.08% year-on-year, emphasizing technological innovation to support sustainable development [4] - The company has successfully developed ultra-fine carbonyl iron powder products suitable for multiple high-end fields, reinforcing its leading position in the carbonyl iron powder niche market [4] - The company has deepened cooperation with several automotive electronic component manufacturers, providing customized high-performance material solutions to enhance product reliability [5]

Core Viewpoint - The company reported stable operating performance in its 2025 semi-annual report, with a slight decline in revenue and a positive net profit, indicating resilience in its business strategy and market positioning [1]. Group 1: Financial Performance - The company achieved an operating revenue of 203 million yuan, a decrease of 0.76% compared to the same period last year [1]. - The net profit for the period was 37.9864 million yuan, reflecting effective cost management and operational efficiency [1]. Group 2: Strategic Focus - The company prioritized new technology research and product iteration, optimizing resource allocation and enhancing cross-departmental collaboration to strengthen its core competitiveness for future market expansion [1]. Group 3: Market Development - In the consumer electronics sector, the company continued its market expansion momentum from 2024, successfully developing high-strength steel powder and metal injection molding feedstock for foldable smartphones, which are widely used by major brands like Honor and VIVO [1]. - The company has developed high-strength steel powder with a maximum grade of 2100 MPa, meeting the increasing demands for product design and functionality in the terminal market [1]. Group 4: Emerging Applications - The company is closely tracking developments in emerging industries such as industrial internet AI computing power and automotive electronics, increasing R&D investment in high-performance soft magnetic materials and achieving significant results [1]. - In the new energy vehicle sector, the company's products are applied in key components such as drive motors, onboard chargers, and intelligent suspensions, supporting the efficient operation of electric vehicles [1].

Core Insights - The company reported a slight decline in revenue for the first half of 2025, with total revenue reaching 203 million, a decrease of 0.76% compared to the same period last year [1] - The net profit attributable to the parent company increased by 3.54%, amounting to 37.9864 million [1] - Total assets at the end of the reporting period were 982 million, reflecting an increase of 8.20% from the end of the previous year [1] - The net assets attributable to the parent company grew by 1.37%, totaling 720 million [1]

江西悦安新材料股份有限公司 内部审计管理制度 第一章 总则 第一条 为加强和规范江西悦安新材料股份有限公司（以下简称"公司"） 的内部审计工作，发挥内部审计在强化内部控制、改善经营管理、提高经济效益 中的作用，确保内部控制持续有效实施，保护投资者合法权益，根据《中华人民 共和国公司法》《中华人民共和国审计法》《上海证券交易所科创板股票上市规 则》《上海证券交易所科创板上市公司自律监管指引第1号——规范运作》《企 业内部控制基本规范》《内部审计基本准则》等有关法律、法规、规范性文件和 《江西悦安新材料股份有限公司章程》（以下简称"《公司章程》"）的规定， 结合公司的实际情况，制定本制度。 第二条 本制度所称内部审计，是指由公司内部审计机构依据国家有关法律 法规、财务会计制度和公司内部管理规定，对公司各内部机构、控股子公司内部 控制和风险管理的有效性、财务信息的真实性和完整性以及经营活动的效率和效 果等开展的一种独立客观的监督和评价活动。 第三条 本制度所称内部控制，是指公司董事会、经理层和全体员工为实现 下列目标而提供合理保证的过程： （一）确保国家法律、法规、规章和公司内部规章制度的贯彻执行； （四）确保公司 ...

江西悦安新材料股份有限公司 董事、高级管理人员离职管理制度 第一章 总则 第一条 为规范江西悦安新材料股份有限公司（以下简称"公司"）董事、 高级管理人员离职相关事宜，确保公司治理结构的稳定性和连续性，维护公司 及股东的合法权益，公司根据《中华人民共和国公司法》（以下简称"《公司 法》"）《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上 市公司自律监管指引第 1 号——规范运作》等法律法规、规范性文件及《江西 悦安新材料股份有限公司章程》（以下简称"《公司章程》"）的有关规定， 结合公司实际情况，制定本制度。 第二条 本制度适用于公司董事（含独立董事）、高级管理人员因任期届 满、辞职、被解除职务或其他原因离职的情形。 第三条 公司董事、高级管理人员离职管理应遵循以下原则： （一）合法合规原则：严格遵守国家法律法规、监管规定及《公司章程》 的要求； （二）公开透明原则：及时、准确、完整地披露董事、高级管理人员离职 相关信息； （三）平稳过渡原则：确保董事、高级管理人员离职不影响公司经营和治 理结构的稳定性； （四）保护股东权益原则：维护公司及全体股东的合法权益。 第二章 离职情形与程序 第四条 公司 ...