Core Viewpoint - Yuean New Materials (688786.SH) reported a year-on-year increase in revenue and net profit for Q3 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company's operating revenue for Q3 2025 reached 117 million yuan, representing a year-on-year increase of 10.83% [1] - The net profit attributable to shareholders of the listed company was 23.43 million yuan, showing a year-on-year increase of 19.33% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 22.45 million yuan, reflecting a year-on-year increase of 21.16% [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Yuean New Materials in Q3 2025, showing growth in revenue and net profit compared to the previous year [1] - The company's revenue for the first three quarters of 2025 is approximately 321 million yuan, representing a year-on-year increase of 3.19% [1] - The net profit attributable to shareholders is around 61.42 million yuan, reflecting a year-on-year increase of 9.04% [1] - Basic earnings per share are reported at 0.43 yuan, which is a 10.26% increase year-on-year [1] Group 2 - As of the report, the market capitalization of Yuean New Materials stands at 4.3 billion yuan [2] - The A-share market has surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with technology leading the market's new "slow bull" pattern [2]

Core Viewpoint - The financial performance of Yuean New Materials in Q3 2025 shows positive growth in both revenue and net profit, indicating a stable business trajectory and potential for future investment opportunities [1] Financial Performance Summary - In Q3 2025, the company achieved a revenue of 117 million yuan, representing a year-on-year increase of 10.83% [1] - The net profit attributable to shareholders was 23.43 million yuan, reflecting a year-on-year growth of 19.33% [1] - Basic earnings per share for Q3 2025 stood at 0.16 yuan [1] Year-to-Date Performance Summary - For the first three quarters of 2025, the company reported a total revenue of 321 million yuan, which is a year-on-year increase of 3.19% [1] - The net profit attributable to shareholders for the first three quarters was 61.42 million yuan, showing a year-on-year growth of 9.04% [1] - Basic earnings per share for the first three quarters was recorded at 0.43 yuan [1]

证券代码：688786 证券简称：悦安新材 公告编号：2025-038 江西悦安新材料股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 投资者可于 2025 年 10 月 30 日（星期四）至 11 月 5 日（星期三）16:00 前 登录上证路演中心网站首页，点击"提问预征集"栏目或通过公司邮箱 （stock@yueanmetal.com）进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 江西悦安新材料股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日 在上海证券交易所网站（www.sse.com.cn）披露了公司《2025 年第三季度报告》， 为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况， 公司计划于 2025 年 11 月 6 日（星期四）上午 11:00-12:00 举行 2025 年第三季 度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以网络文字互 ...

Financial Performance - The company's revenue for the third quarter reached ¥117,458,557.16, representing a year-on-year increase of 10.83%[4] - Total profit for the quarter was ¥26,993,537.31, reflecting a growth of 22.14% compared to the same period last year[4] - Net profit attributable to shareholders was ¥23,429,416.22, up by 19.33% year-on-year[4] - The company reported a basic earnings per share of ¥0.16, which is an increase of 14.29% compared to the same quarter last year[4] - Total revenue for the first three quarters of 2025 reached ¥320,862,718.56, an increase of 3.1% compared to ¥310,941,360.63 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was ¥70,897,619.25, up from ¥64,410,745.15 in 2024, reflecting a growth of 7.7%[19] - Net profit attributable to shareholders for the first three quarters of 2025 was ¥61,415,847.66, compared to ¥56,322,362.75 in 2024, marking an increase of 9.3%[19] - The total comprehensive income for the first three quarters of 2025 was ¥61,466,663.19, compared to ¥55,857,032.44 in 2024, showing an increase of 10.0%[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.43, up from ¥0.39 in 2024, indicating a growth of 10.3%[20] Research and Development - Research and development expenses totaled ¥5,601,520.09, accounting for 4.77% of revenue, a decrease of 0.34 percentage points from the previous year[5] - Research and development expenses increased to ¥15,740,885.80 in 2025 from ¥14,305,254.74 in 2024, representing a rise of 10.1%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,057,620,973.11, marking a 16.51% increase from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥451,624,507.19, an increase from ¥364,177,061.42 as of December 31, 2024[15] - Total assets as of September 30, 2025, are ¥1,057,620,973.11, up from ¥907,714,052.38[16] - Total non-current assets increased to ¥605,996,465.92 from ¥543,536,990.96[16] - Total liabilities as of September 30, 2025, amounted to ¥305,346,084.13, significantly higher than ¥191,008,441.45 at the end of 2024, indicating a growth of 59.9%[18] - The company’s equity attributable to shareholders increased to ¥746,622,517.41, a rise of 5.05% compared to the end of the previous year[5] - Shareholders' equity attributable to the parent company increased to ¥746,622,517.41 as of September 30, 2025, from ¥710,741,482.61 at the end of 2024, reflecting a growth of 5.1%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥118,282,599.36, showing a significant increase of 147.14%[9] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 287,266,708.41, an increase of 11.8% compared to CNY 257,042,832.95 in the same period of 2024[23] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 118,282,599.36, significantly higher than CNY 47,860,758.15 in 2024, marking a 147.5% increase[23] - The cash inflow from investment activities in the first three quarters of 2025 was CNY 100,416,969.88, up from CNY 62,883,161.06 in 2024, representing a 59.9% increase[24] - The net cash flow from investment activities was -CNY 83,196,797.77 in 2025, an improvement compared to -CNY 92,020,031.99 in 2024[24] - The cash inflow from financing activities increased to CNY 68,686,452.66 in 2025 from CNY 40,535,745.60 in 2024, reflecting a 69.3% increase[24] - The net cash flow from financing activities was CNY 15,200,010.71 in 2025, a turnaround from -CNY 63,587,678.73 in 2024[24] - The total cash and cash equivalents at the end of the third quarter of 2025 reached CNY 137,628,898.64, compared to CNY 66,459,657.39 at the end of 2024[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,289[11] - The largest shareholder, Li Shangkui, holds 38,213,700 shares, representing 26.57% of total shares[11] Cash Management - Cash and cash equivalents increased to ¥144,059,327.89 from ¥91,190,381.15[15] - Accounts receivable rose to ¥87,190,519.02 from ¥76,709,822.11[15] - Inventory decreased slightly to ¥100,287,606.86 from ¥103,567,536.28[15] - Accounts payable increased to ¥64,015,465.41 from ¥43,343,920.15[16] - The cash outflow for purchasing goods and services was CNY 59,595,581.70 in 2025, down from CNY 107,321,009.51 in 2024, indicating a 44.4% decrease[23] - The cash outflow for employee payments was CNY 53,786,871.61 in 2025, slightly up from CNY 51,750,454.41 in 2024, showing a 3.9% increase[23] - The cash outflow for taxes paid was CNY 35,708,627.48 in 2025, compared to CNY 28,632,118.24 in 2024, which is a 24.6% increase[23]

Core Insights - The company reported a third-quarter revenue of 117 million, representing a year-on-year increase of 10.83% [1] - The net profit for the third quarter was 23.43 million, showing a year-on-year growth of 19.33% [1] - For the first three quarters, the total revenue reached 321 million, reflecting a year-on-year increase of 3.19% [1] - The net profit for the first three quarters amounted to 61.42 million, with a year-on-year growth of 9.04% [1]

Summary of Key Points Core Viewpoint - A significant block trade occurred for Yuean New Materials on October 28, with a transaction volume of 100,000 shares and a transaction value of 2.784 million yuan, reflecting an 8% discount compared to the closing price of the day [2][3]. Trading Activity - The block trade was executed at a price of 27.84 yuan per share, with the buyer being CITIC Securities Co., Ltd. and the seller being Huatai Securities Co., Ltd. [2][3]. - Over the past three months, Yuean New Materials has recorded a total of 10 block trades, amounting to 26.324 million yuan [2]. Stock Performance - The closing price of Yuean New Materials on the day of the block trade was 30.26 yuan, which represented a decrease of 0.36% [2]. - The stock had a turnover rate of 1.52% and a total trading volume of 66.6785 million yuan for the day, with a net inflow of main funds amounting to 3.1419 million yuan [2]. - Over the past five days, the stock has seen a cumulative decline of 1.82%, with a total net inflow of funds reaching 4.2244 million yuan [2]. Margin Financing - The latest margin financing balance for Yuean New Materials stands at 19.3 million yuan, having decreased by 1.3317 million yuan over the past five days, reflecting a decline of 0.68% [3].

Group 1 - The core point of the news is that Yuean New Materials conducted a block trade of 100,000 shares on October 28, with a transaction amount of 2.784 million yuan, accounting for 4.01% of the total transaction volume for the day, and the transaction price was 27.84 yuan, which is an 8% discount compared to the market closing price of 30.26 yuan [1][2] Group 2 - The transaction details include the stock name Yuean New Materials, stock code 688786, transaction price of 27.84 yuan, transaction amount of 2.784 million yuan, and transaction volume of 100,000 shares [2] - The buying brokerage involved in the transaction is "Limited Multi-Sensor," while the selling brokerage is "Tea Yu Jing Brand Attention" [2] - The transaction was categorized as a special session [2]

Market Overview - The metal new materials sector experienced a decline of 1.41% on October 23, with Xinlaifu leading the drop [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Notable gainers in the metal new materials sector included: - Zhongzhou Special Materials (300963) with a closing price of 23.14, up 3.21% and a trading volume of 604,700 shares, totaling 1.361 billion yuan [1] - Tianli Composite (920576) closed at 30.51, up 0.93% with a trading volume of 25,900 shares [1] - Platinum New Materials (300811) closed at 72.51, up 0.92% with a trading volume of 85,100 shares [1] - Major decliners included: - Xinlaifu (301323) closed at 64.22, down 6.95% with a trading volume of 86,100 shares [2] - Antai Technology (000969) closed at 20.18, down 5.39% with a trading volume of 2,151,700 shares, totaling 4.403 billion yuan [2] - Ni'an New Materials (688786) closed at 29.69, down 3.13% with a trading volume of 25,200 shares [2] Capital Flow - The metal new materials sector saw a net outflow of 690 million yuan from institutional investors, while retail investors contributed a net inflow of 668 million yuan [2] - The capital flow for specific stocks showed: - Zhongzhou Special Materials had a net outflow of 31.87 million yuan from institutional investors [3] - Platinum New Materials experienced a net inflow of 31.67 million yuan from institutional investors [3] - Other stocks like Jiangnan New Materials (603124) and Huada New Materials (605158) also showed varied capital flows with net inflows and outflows from different investor types [3]

Core Viewpoint - The company, Yuenan New Materials, has indicated that the extraction of titanium metal from synthetic rutile falls within the titanium industry chain, which involves various technological paths, production processes, and market demands, differing from the company's existing business [1] Group 1 - The company is currently conducting a cautious study and evaluation of new business directions, particularly in the titanium extraction sector [1] - The company has not yet included this area in its development plan, indicating a careful approach to potential expansion [1]