Core Viewpoint - The company has achieved preliminary trial production in the aerospace structural components sector using titanium alloy 3D printing materials, although the current sales scale contributes a small proportion to the overall revenue [1] Group 1 - The company's wholly-owned subsidiary, Ganzhou Yuelong New Materials Co., Ltd., is involved in the application of titanium alloy 3D printing materials [1] - The company has successfully conducted preliminary trial production in the aerospace sector [1] - The sales scale from this production remains minor in relation to the company's total revenue [1]

Group 1 - The core point of the article is that the company, Yuean New Materials (688786.SH), has indicated that its Ningxia project is in the process of obtaining production approval and is currently in the trial production application stage [1] - The company has confirmed that all necessary raw materials and equipment for trial production are in place [1] - Once the trial production approval is granted, the company will be able to commence trial production [1]

Core Viewpoint - The company’s subsidiary, Ganzhou Yuelong, has made progress in the aerospace sector by conducting preliminary production trials using titanium alloy 3D printing materials, although its current sales contribution to the overall revenue remains small [2]. Group 1 - The subsidiary Ganzhou Yuelong has achieved preliminary trial production in the aerospace structural components field using titanium alloy 3D printing materials [2]. - The sales scale of this technology currently represents a minor portion of the company's total revenue [2].

Core Viewpoint - The company Yu'an New Materials (688786.SH) has indicated that its production demonstration line project for Ningxia Yu'an Metal Soft Magnetic Micro-Nano Powder is preliminarily ready for production and is currently in the stage of applying for trial production permits [1] Group 1 - The trial production line is equipped with all necessary raw materials and equipment [1] - The company is awaiting approval for the trial production permit, after which it can commence trial production [1]

Group 1 - The company, Yuean New Materials, stated that as of September 30, 2025, the total number of shareholders is 5,289 [1]

Core Viewpoint - The company has initiated the application process for equipment manufacturing licenses, with all procedures progressing as planned [2] Group 1 - The company responded to investor inquiries on November 18 regarding the status of its equipment manufacturing license application [2] - The application process is currently on schedule, indicating effective project management and planning [2]

Group 1 - The company has initiated the application process for equipment manufacturing licenses, with all procedures progressing as planned [1]

Group 1 - The core viewpoint of the news highlights the financial performance and trading activity of Yuedan New Materials, indicating a decline in stock price and significant financing activity on November 12 [1] - On November 12, Yuedan New Materials experienced a stock price drop of 0.29%, with a trading volume of 43.12 million yuan. The financing buy-in amount was 4.98 million yuan, while the financing repayment was 11.29 million yuan, resulting in a net financing buy-in of -6.31 million yuan [1] - As of November 12, the total margin balance for Yuedan New Materials was 187 million yuan, with the financing balance accounting for 4.66% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - As of September 30, the number of shareholders for Yuedan New Materials was 5,289, an increase of 21.92% from the previous period, while the average circulating shares per person decreased by 17.98% to 27,188 shares [2] - For the period from January to September 2025, Yuedan New Materials achieved an operating income of 321 million yuan, representing a year-on-year growth of 3.19%, and a net profit attributable to the parent company of 61.42 million yuan, up 9.04% year-on-year [2] Group 3 - Yuedan New Materials has distributed a total of 184 million yuan in dividends since its A-share listing, with cumulative distributions of 133 million yuan over the past three years [3]

Market Overview - The metal new materials sector experienced a decline of 2.16% on November 12, with Longda Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Individual Stock Performance - Notable performers in the metal new materials sector included: - Zhongke Sanhuan (Code: 000970) with a closing price of 13.79, up 1.70% and a trading volume of 313,300 shares [1] - Youyan Powder Materials (Code: 688456) closed at 47.01, up 0.99% with a trading volume of 10,800 shares [1] - Longda Co., Ltd. (Code: 688231) closed at 24.29, down 6.51% with a trading volume of 126,000 shares [2] Capital Flow Analysis - The metal new materials sector saw a net outflow of 1.012 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.104 billion yuan [2] - The capital flow for individual stocks showed varied trends, with Zhongke Sanhuan experiencing a net inflow of 26.0176 million yuan from institutional investors [3]

Core Viewpoint - The traditional materials in the high-end manufacturing sector are increasingly limited by factors such as insufficient purity and precision, highlighting the need for breakthroughs in the domestic new materials industry [1] Group 1: Industry Insights - The domestic new materials industry is accelerating breakthroughs to overcome the limitations of traditional materials [1] - The confidence of the company in its strong competitive position in the future new materials industry is attributed to its advanced technology [1] Group 2: Company Focus - The company featured in the program is Yuean New Materials, which has been recognized as a growth-oriented enterprise in the "Future 20: Growth Potential of Chinese A-share Listed Companies" [1]