Core Viewpoint - The company has established a supply capability for 3D printing materials, including iron-based and cobalt-based powders, due to its long-term experience in the metal powder sector [2] Group 1: Company Strategy - The company is focusing on technology advancement and flexible production in response to the intense competition and high homogeneity in the market for certain general products [2] - The company aims to concentrate on its core business while actively exploring differentiated niche application opportunities [2] - Future business development will be rationally advanced based on the ability to form a business model with barriers or unique advantages [2]

格隆汇12月29日丨悦安新材(688786.SH)在投资者互动平台表示，公司凭借在金属粉末领域的长期积 淀，已具备铁基、钴基等3D打印材料的供应能力。鉴于目前该领域部分通用产品市场竞争激烈，同质 化程度较高。公司现阶段以技术跟进和柔性生产为主，聚焦核心业务并积极探索差异化的细分应用机 会。未来将以能否形成具备壁垒或独特优势的商业模式为前提，理性推进相关业务发展。 ...

Group 1 - The core viewpoint of the news is that Yuedan New Materials has shown significant trading activity, with a notable increase in financing and stockholder numbers, indicating potential investor interest and market dynamics [1][2]. Group 2 - As of December 23, Yuedan New Materials' stock price increased by 0.99%, with a trading volume of 36.58 million yuan. The financing buy-in amount was 2.12 million yuan, while the financing repayment was 3.25 million yuan, resulting in a net financing outflow of 1.13 million yuan [1]. - The total balance of margin trading for Yuedan New Materials reached 176 million yuan, accounting for 4.44% of its circulating market value, which is above the 70th percentile of the past year [1]. - On the short selling side, Yuedan New Materials had no shares repaid on December 23, with 1,000 shares sold short, amounting to 27,500 yuan at the closing price. The short selling balance was 4.96 million yuan, exceeding the 90th percentile of the past year [1]. - 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 reported a revenue of 321 million yuan, representing a year-on-year growth of 3.19%, and a net profit attributable to shareholders of 61.42 million yuan, up 9.04% year-on-year [2]. - Yuedan New Materials has distributed a total of 184 million yuan in dividends since its A-share listing, with 133 million yuan distributed over the past three years [3].

证券日报网讯12月22日，悦安新材（688786）在互动平台回答投资者提问时表示，公司羰基铁粉食品添 加剂产品目前处于市场导入阶段，正在与潜在客户推进送样测试与应用磨合工作。由于食品行业对新添 加剂准入验证周期相对较长，且进程受技术匹配、市场反馈等多重因素影响，暂无法准确预计该业务贡 献业绩的具体时间。公司将稳步推进相关工作。 ...

格隆汇12月22日丨悦安新材(688786.SH)在投资者互动平台表示，公司全资子公司赣州悦龙新材料有限 公司在应用钛合金3D打印材料的航空航天结构件领域实现了预研型试生产，当前该领域销售规模在公 司整体收入中所占比重较小，目前暂未与商用航天企业达成正式合作。 ...

格隆汇12月22日丨悦安新材(688786.SH)在投资者互动平台表示，公司羰基铁粉食品添加剂产品目前处 于市场导入阶段。正在与潜在客户推进送样测试与应用磨合工作。 由于食品行业对新添加剂准入验证 周期相对较长，且进程受技术匹配、市场反馈等多重因素影响，暂无法准确预计该业务贡献业绩的具体 时间。 ...

格隆汇12月22日丨悦安新材(688786.SH)在投资者互动平台表示，羰基铁粉补铁功能产品在海外部分市 场已有成熟应用并形成一定的业务规模，可为公司提供可参考的技术与市场路径。 在国内，该产品作 为补铁食品添加剂尚属新兴市场应用，其未来规模将取决于行业认证进度、下游产品开发以及终端消费 者的接受程度。公司目前的核心任务是夯实产品优势、完成客户验证并构建先发优势，为未来可能的市 场机遇做好充分准备。 ...

Group 1 - The core viewpoint of the article is that the company, Yuean New Materials, is in the process of applying for trial production permits for its Ningxia project, with the project team actively working to advance related tasks [1] - The Ningxia Yuean Metal Soft Magnetic Micro-Nano Powder Production Demonstration Line project has all necessary raw materials and equipment in place for trial production [1] - Once the trial production permit is approved, the company will be able to commence trial production [1]

Core Viewpoint - The company Yu'an New Materials (688786.SH) is in the process of applying for trial production permits for its Ningxia Yu'an Metal Soft Magnetic Micro-Nano Powder Production Demonstration Line project, with all necessary raw materials and equipment already in place [1] Group 1 - The project team is actively advancing the relevant work for the trial production [1] - The company is awaiting approval for the trial production permit to commence operations [1]

Group 1 - The core point of the article is that the company, Yuean New Materials (688786.SH), is in the process of applying for trial production permits for its Ningxia project, with the project team actively working to advance related tasks [2][3] - The trial production line for metal soft magnetic micro-nano powder is currently in the trial production permit application stage [2] - All necessary raw materials and equipment for trial production have been secured, and the company is prepared to commence trial production upon receiving the permit approval [2]