Market Overview - The Shanghai Composite Index closed at 3872.88 points, up 1.17%, with a total trading volume of 1.7438 trillion yuan [1] - As of the current date, 94 A-shares have surpassed their annual moving average [1] Stocks Surpassing Annual Moving Average - Notable stocks with significant deviation rates include: - Kaiwang Technology (301182) with a deviation rate of 15.21% and a daily increase of 17.68% [1] - Wanli Stone (002785) with a deviation rate of 9.52% and a daily increase of 10.01% [1] - Daqing Huake (000985) with a deviation rate of 9.44% and a daily increase of 10.00% [1] - Other stocks with smaller deviation rates include: - China CNR (601990) and Beidahuang (000995), both just above their annual moving average [1] Additional Stocks with Positive Performance - Other stocks showing positive performance include: - Tonghui Information (430090) with a daily increase of 6.20% and a deviation rate of 4.69% [1] - Huangtai Liquor (000995) with a daily increase of 5.17% and a deviation rate of 4.47% [1] - Nanjing Securities (601990) with a daily increase of 4.09% and a deviation rate of 4.00% [1]

Market Overview - The Shanghai Composite Index is at 3832.05 points, above the six-month moving average, with a slight increase of 0.10% [1] - The total trading volume of A-shares today is 940.447 billion yuan [1] Stocks Performance - A total of 117 A-shares have surpassed the six-month moving average today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Kaiwang Technology (9.08%) - Liwang Co., Ltd. (6.87%) - Shenghui Technology (6.51%) [1] - Other stocks that have just crossed the six-month moving average with smaller deviation rates include: - China Merchants Securities - Renxin New Materials - Jihigh Development [1] Detailed Stock Data - The top three stocks with the highest daily increase and their respective metrics are: - Kaiwang Technology: 9.71% increase, 7.19% turnover rate, latest price 38.42 yuan [1] - Liwang Co., Ltd.: 13.11% increase, 12.32% turnover rate, latest price 30.03 yuan [1] - Shenghui Technology: 9.64% increase, 9.67% turnover rate, latest price 7.51 yuan [1] - Additional stocks with notable performance include: - Yuejian Intelligent: 5.39% increase, 1.95% turnover rate, latest price 16.03 yuan [1] - Haixing Electric: 4.15% increase, 1.24% turnover rate, latest price 28.13 yuan [1] Additional Stocks with Minor Deviations - Stocks with minor deviations include: - Lingge Technology: 2.11% deviation [2] - Lixin Energy: 1.98% deviation [2] - Fengshan Group: 1.95% deviation [2]

Core Viewpoint - Conch New Materials (海螺新材) has successfully launched its annual production project for 150,000 square meters of aluminum alloy smart doors and windows, marking a significant step towards digital and intelligent transformation in the door and window industry [1] Group 1: Project Details - The project is operated by Ningbo Conch Plastic Profile Co., Ltd. and features advanced automation equipment including laser sawing and milling processing centers, intelligent storage for components, and a finished product sorting center [1] - The production process is fully integrated with cloud servers, enabling digital networking between software and equipment, which enhances the overall efficiency and control of the manufacturing process [1] Group 2: Industry Implications - This initiative is expected to drive the company's transition towards a more digital and intelligent manufacturing approach, aligning with broader industry trends towards automation and smart production [1]

二、交易进展情况 证券代码：000619 证券简称：海螺新材 公告编号：2025-54 海螺（安徽）节能环保新材料股份有限公司 关于公开挂牌出售公司部分资产的进展公告 海螺（安徽）节能环保新材料股份有限公司（以下简称"公司"）于 2025 年 8 月 8 日召开了十届二十次董事会，于 2025 年 8 月 25 日召开了 2025 年第二 次临时股东大会，审议通过了《关于拟公开挂牌出售公司部分资产的议案》，同 意公司拟通过公开挂牌的方式出售公司位于安徽省芜湖市经济技术开发区港湾 路 38 号的部分土地、房屋、厂区配套设施及配电设备等资产，挂牌底价为 9,450 万元（含增值税），挂牌价格以具有证券、期货相关业务资格的北京华亚正信资 产评估有限公司以 2025 年 4 月 30 日为基准日对上述资产的评估价值为依据，具 体交易价格将按公开挂牌竞价结果确定。同时，公司股东大会同意授权公司管理 层按照相关规定和程序办理本次出售有关事宜，包括但不限于办理公开挂牌程 序、签署相关协议、办理过户手续等（详见公司于 2025 年 8 月 9 日在《证券时 报》和巨潮资讯网刊登的《关于拟公开挂牌出售公司部分资产的公告》）。 ...

Core Viewpoint - Company conducted an online investor reception day to discuss recent performance and future development, addressing investor inquiries about recent acquisitions and financial recovery [1][2]. Group 1: Recent Acquisitions and Performance - Investors inquired about the performance of newly acquired companies, Henan Kangningte Environmental Technology Co., Ltd. and Zhengzhou Kangningte Environmental Engineering Technology Co., Ltd., with expectations for a turnaround in Q3 [1]. - Company confirmed that both acquired companies are operating normally and financial details can be found in relevant announcements [2]. Group 2: Strategic Direction and Market Position - In response to questions about continuous losses over the past five years, the company outlined its strategy to transition from plastic profiles to aluminum materials, windows, SCR denitration catalysts, and eco-friendly home products, emphasizing marketing innovation and market expansion [2]. - Company plans to continue industrial upgrades, enhance innovation, and deepen research in new materials to increase overall value [2]. Group 3: Financial Outlook and Technology Development - Company advised investors to monitor the Q3 report for revenue updates and potential profitability [3]. - Although not directly involved in large model projects, the company is focusing on technological innovation and digitalization, having implemented an industrial internet platform and financial shared services to improve internal collaboration [3]. Group 4: Stock Performance and Market Factors - Company acknowledged that stock price fluctuations are influenced by industry conditions and market sentiment, committing to enhance operational and investment strategies to create shareholder value [3].

Group 1: Company Performance and Acquisitions - The newly acquired companies have been operational for two months, and there is a focus on achieving profitability in Q3 2025 [1] - The financial status of the acquired companies can be found in the announcement dated June 18, 2025 [2] - The company is expected to report on its Q3 performance in the upcoming quarterly report [3] Group 2: Strategic Responses to Challenges - The company has faced five consecutive years of losses and is implementing strategies to address this, including transitioning to new product areas such as aluminum materials and SCR denitration catalysts [4] - Efforts are being made to enhance marketing innovation, expand into overseas markets, and optimize the industry to improve operational performance [4] - The company aims to deepen research in new materials and expand its industrial scope to enhance value for investors [4] Group 3: Market Position and Investor Relations - There are claims regarding Chery Holding pledging 41% of its stake to the company, which have been denied as inaccurate [5] - The company's stock performance has been affected by various factors, including industry conditions and market sentiment, despite overall market growth [7] - The company emphasizes its commitment to improving operational and investment strategies to create value for shareholders [7]

证券代码：000619 证券简称：海螺新材 公告编号：2025-53 特此公告。 海螺（安徽）节能环保新材料股份有限公司董事会 2025 年 9 月 10 日 1 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，海螺（安徽）节能环保新材料股份有限公司 （以下简称"公司"）将参加由安徽证监局指导，安徽上市公司协会与深圳市全景网络 有限公司联合举办的"2025 年安徽上市公司投资者网上集体接待日"，现将相关事项 公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参与本 次互动交流，活动时间为 2025 年 9 月 15 日（周一）15:00-17:00。届时公司高管将在 线就公司业绩、公司治理、发展战略、经营状况和可持续发展等投资者关心的问题， 与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 海螺（安徽）节能环保新材料股份有限公司 关于参加 2025 年安徽辖区上市公司投资者 网上集体接待日活动的公告 ...

Market Overview - On September 1, the renovation and building materials sector rose by 0.01% compared to the previous trading day, with Kexin New Materials leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in the Sector - Kexin New Materials (833580) closed at 17.19, up 17.42% with a trading volume of 142,500 shares and a transaction value of 228 million yuan [1] - Beijing Lier (002392) closed at 8.83, up 9.96% with a trading volume of 540,400 shares and a transaction value of 46.9 million yuan [1] - Other notable gainers include Yabao Ceiling (002718) up 2.85%, and Puren Co. (002225) up 2.26% [1] Top Losers in the Sector - Beixin Building Materials (000786) closed at 26.27, down 1.61% with a trading volume of 178,000 shares [2] - Sankeshu (603737) closed at 47.93, down 1.50% with a trading volume of 55,400 shares [2] - Other notable losers include Zhongtie Assembly (300374) down 1.29%, and Ruitai Technology (002066) down 0.92% [2] Capital Flow Analysis - The renovation and building materials sector experienced a net outflow of 171 million yuan from institutional investors, while retail investors saw a net inflow of 101 million yuan [2] - Speculative funds had a net inflow of 69.83 million yuan into the sector [2]

Market Overview - The renovation and building materials sector experienced a decline of 0.17% on August 29, with Conch New Materials leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Stock Performance - Notable gainers in the renovation and building materials sector included: - Fangda Group: Closed at 4.47, up 4.20% with a trading volume of 507,300 shares and a turnover of 223 million yuan - Xiong Plastic Technology: Closed at 8.04, up 2.29% with a trading volume of 90,000 shares and a turnover of 70.91 million yuan - Donghe New Materials: Closed at 13.60, up 1.80% with a trading volume of 27,700 shares and a turnover of 37.74 million yuan [1] - Conversely, Conch New Materials saw a significant decline, closing at 6.01, down 6.68% with a trading volume of 261,500 shares and a turnover of 160 million yuan [2] Capital Flow - The renovation and building materials sector experienced a net outflow of 137 million yuan from institutional investors, while retail investors saw a net inflow of 50.80 million yuan [2] - Key stocks with notable capital flows included: - Fangda Group: Net inflow of 31.71 million yuan from institutional investors, with a net outflow of 32.82 million yuan from retail investors [3] - Rabbit Baby: Net inflow of 22.28 million yuan from institutional investors, with net outflows from both retail and speculative investors [3] - Zhongtie Assembly: Net inflow of 19.60 million yuan from institutional investors, with net outflows from retail investors [3]

Core Viewpoint - The financial performance of Conch New Materials (海螺新材) for the first half of 2025 shows significant declines in both revenue and net profit, indicating challenges in the company's operations and financial health [1]. Financial Performance Summary - Total operating revenue for H1 2025 was 2.401 billion yuan, a decrease of 9.7% compared to H1 2024 [1]. - The net profit attributable to shareholders was -28.9982 million yuan, reflecting a year-on-year decline of 140.75% [1]. - In Q2 2025, operating revenue was 1.373 billion yuan, down 14.61% year-on-year, with a net profit of -4.4431 million yuan, a decline of 230.72% [1]. - Gross margin decreased to 8.0%, down 5.19% year-on-year, while net margin fell to -1.19%, a drop of 232.14% [1]. - Total expenses (selling, administrative, and financial) amounted to 196 million yuan, accounting for 8.17% of revenue, an increase of 5.04% year-on-year [1]. - Earnings per share were -0.07 yuan, a decrease of 132.98% compared to the previous year [1]. Cash Flow and Debt Analysis - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 43.4%, and the average operating cash flow to current liabilities ratio over the past three years at only 11.11% [4]. - The interest-bearing debt ratio has reached 26.49%, indicating potential debt management issues [4]. Business Model and Market Position - The company's business model relies heavily on marketing-driven strategies, which require thorough examination of the underlying drivers [3]. - Historical data shows a median Return on Invested Capital (ROIC) of 1.08% over the past decade, with a particularly poor performance in 2021, where ROIC was -3.12% [3]. Recent Developments - The company acquired two firms, including 康宁特, to expand its SCR denitration catalyst production capacity and enhance market competitiveness in the central region [5].