编辑 杨娟娟 新京报贝壳财经讯 10月12日，横店东磁发布2025年前三季度业绩预告，预计归属于上市公司股东的净 利润为13.90亿元-15.30亿元，比上年同期增长50.1%-65.2%。报告期内，磁材产业龙头地位稳固，新能 源汽车、AI服务器等新兴领域新品出货高速增长，运营效率提升；光伏产业强化差异化战略，高功率 产品推动海内外市场出货增长，成本管控有效；锂电产业聚焦小动力市场，保持稳定品质与高稼动率。 ...

Industry Overview - The trade tensions between the US and China have escalated, with the US considering an additional 100% tariff on Chinese goods, which has led to significant declines in US stock markets and the Nasdaq Golden Dragon Index. This situation is expected to cause a notable pullback in the A-share market, which has reached a 10-year high. However, the impact may be less severe than previous tensions in April due to the timing of policy implementations [2]. Company Performance - Taiwan's leading PCB manufacturer, Zhen Ding Technology, reported a consolidated revenue of NT$47.366 billion for Q3, a quarter-on-quarter increase of 23.98%. The company anticipates record performance in Q4 due to ongoing demand from IC substrates and various customer orders [3]. - ASUS announced a revenue of NT$82.6 billion for September, reflecting a 31% quarter-on-quarter and 33% year-on-year growth. The Q3 revenue reached NT$200.3 billion, marking a 7% quarter-on-quarter and 20% year-on-year increase, driven by demand for servers, graphics cards, and commercial PCs [3]. - Hengdian East Magnetic (002056.SZ) expects a net profit of between RMB 1.39 billion and RMB 1.53 billion for the first three quarters of 2025, representing a year-on-year growth of 50.1% to 652%. The company benefits from strong demand in the new energy vehicle and AI server sectors, as well as effective cost control in the photovoltaic market [4]. - Jihong Co. anticipates a net profit of between RMB 257 million and RMB 270 million for the first three quarters of 2025, indicating a year-on-year increase of 95.07% to 105.31%. The growth is attributed to the expansion of cross-border e-commerce and strategic partnerships in the packaging sector [7].

在光伏产业方面，公司强化差异化战略，通过持续的研发投入、技改投资和工艺优化，适时推出超高功率产品，进一步提升了产品力。公司因地制宜布局产 能和营销网络，使得海内外优质市场的出货量同比有较好提升。同时，通过前瞻性的供应链布局，有效管理了成本的波动。 10月13日，横店集团东磁股份有限公司（证券代码：002056，证券简称：横店东磁）发布了2025年前三季度业绩预告。根据公告，公司预计2025年1-9月实 现归属于上市公司股东的净利润为139,000万元至153,000万元，比上年同期的92,632.08万元增长50.1%至65.2%。预计扣除非经常性损益后的净利润为140,000 万元至153,000万元，比上年同期的88,513.45万元增长58.2%至72.9%。基本每股收益预计为0.87元至0.95元，上年同期为0.57元。 锂电产业方面，公司通过标准化和精细化管理，持续保障了产品的品质稳定。公司聚焦小动力多领域应用市场，在高稼动率下，保持了较好的市场拓展。 公告指出，公司磁材产业龙头地位稳固，在家电和汽车领域市占率持续提升。同时，公司横向拓展和纵向延伸布局的多个磁材新品，在新能源汽车的车载充 电机OBC ...

Group 1: Company News - Marco Polo, a new stock on the Shenzhen main board, is available for subscription at a price of 13.75 yuan per share [1] - Hengdian East Magnetic announced a profit forecast for the first three quarters of 2025, expecting a net profit between 1.39 billion and 1.53 billion yuan, representing a year-on-year growth of 50.1% to 65.2% [4] - China Life announced a cash dividend distribution of 0.238 yuan per share, totaling 6.727 billion yuan, with the record date on October 16 and payment date on October 17 [4] - Wintime Technology reported that its subsidiary, Anshi Semiconductor, is facing temporary control limitations due to a court ruling, but economic benefits remain unaffected [5] - Zhongzhi Holdings announced that its major shareholder intends to transfer all shares at a minimum price of 8.72 yuan per share, which will lead to a change in the largest shareholder [5] - Times New Materials signed contracts worth approximately 4.49 billion yuan for wind turbine blade sales, which is expected to positively impact company performance [6] - Seagull Living announced that it has not participated in any "lighthouse factory" qualifications despite media mentions, and has not found any undisclosed significant information affecting stock prices [6] - Yunnan Copper reported uncertainty regarding future market prices for its products and is currently conducting a share issuance for asset acquisition [6] - Zijin Mining completed the acquisition of 100% equity in the Raygorodok gold mine in Kazakhstan, which is expected to contribute to production and profits in the same year [7] - Yidao Information is planning a share issuance and cash payment for asset acquisition, with its stock suspended since September 29 due to the ongoing planning stage [7] Group 2: Industry Insights - Dongwu Securities reports that the non-bank financial sector has a low average valuation with safety margins, benefiting from economic recovery, particularly in the insurance industry [8] - Xinda Securities believes the steel industry is expected to stabilize and improve, with structural investment opportunities in high-margin special steel companies and leading steel enterprises with strong cost control [8]

Performance Disclosure - Hengdian East Magnetic expects a net profit attributable to shareholders of 1.39 billion to 1.53 billion yuan for the first three quarters, representing a year-on-year increase of 50.1% to 65.2% [1] - China Nuclear Power reported a cumulative commercial power generation of 184.364 billion kWh for the first three quarters, a year-on-year increase of 14.95% [2] - Yangtze Power's total power generation from its domestic cascade power stations was approximately 235.126 billion kWh for the first three quarters, remaining roughly flat compared to the previous year [2] Shareholding Changes - Zhongrong Electric's employee shareholding platform plans to reduce its stake by no more than 1% of the company's total shares [3] - Eryi Biological's controlling shareholder and its concerted parties plan to reduce their stake by no more than 3% of the company's total shares [4] - Lian Ce Technology's actual controller's concerted parties plan to reduce their stake by no more than 2.98% of the company's total shares [5] Risk Matters - Wentai Technology announced that the Dutch government has frozen the assets of its subsidiary, Anshi Semiconductor, for one year, affecting its revenue of approximately 14.7 billion yuan in 2024 [6] Share Transfer - Zhongzhi Holdings announced that its major shareholder, Changjiang Ecological Environmental Group, intends to transfer all of its 63.133 million shares, accounting for 24.73% of the total shares, at a price not lower than 8.72 yuan per share [7] Company Clarification - Haiou Zhugong clarified that it has not participated in any form of lighthouse factory qualification application or recognition, despite media reports linking it to the "lighthouse factory concept" [8]

Core Viewpoint - The company, Hengdian East Magnetic, is expected to achieve significant growth in net profit for the first three quarters of the year, driven by strong performance across its business segments, particularly in magnetic materials, photovoltaic, and lithium battery industries [1][2]. Business Segment Analysis Magnetic Materials - The company maintains a leading position in the magnetic materials industry, with increasing market share in the home appliance and automotive sectors. New products in electric vehicle charging systems and AI server power supplies are experiencing rapid growth in shipments [1]. - The overall shipment of magnetic materials reached approximately 107,000 tons in the first half of the year, with a notable improvement in product structure and average selling price [2]. Photovoltaic Industry - Hengdian East Magnetic has adopted a differentiated strategy in the photovoltaic sector, enhancing product capabilities through R&D and process optimization. The company has established strategic inventory to mitigate the impact of rising silicon prices [2]. - The company anticipates continued support for component profitability in the second half of the year, despite uncertainties in domestic installation pace and pricing adjustments [3]. Lithium Battery Sector - The company focuses on high operational efficiency and market share growth in the lithium battery sector, with a stable increase in the market share of its main products. The demand for high-power batteries in applications like BBU is expected to grow significantly in the coming years [3].

经济观察网 横店东磁10月12日晚间公告，预计前三季实现归母净利润13.9亿元—15.3亿元，同比增长 50.1%—65.2%。 ...

北京商报讯（记者 马换换 王蔓蕾）10月12日晚间，横店东磁（002056）发布2025年前三季度业绩预告 显示，公司预计前三季度实现归属净利润约为13.9亿—15.3亿元，同比增长50.1%—65.2%。 对于业绩变动原因，横店东磁表示，磁材产业方面，公司在家电和汽车领域市占率持续提升。同时，公 司横向拓展和纵向延伸布局的多个磁材新品，在新能源汽车的车载充电机OBC、充电桩充电模块、热 管理系统，AI服务器用PSU电源、二次模块电源、芯片电感等领域出货高速增长；并通过组织变革和数 智化推进，进一步提升了运营效率和盈利能力。 光伏产业方面，强化差异化战略，通过持续的研发投入、技改投资和工艺优化，适时推出超高功率产 品，进一步提升了产品力；因地制宜布局产能和营销网络，使得海内外优质市场的出货量同比有较好提 升；同时，通过前瞻性的供应链布局，有效管理了成本的波动。锂电产业方面，持续保障了产品的品质 稳定；聚焦小动力多领域应用市场，在高稼动率下，保持了较好的市场拓展。 ...

光伏产业：强化差异化战略，通过持续的研发投入、技改投资和工艺优化，适时推出超高功率产品，进 一步提升了产品力;因地制宜布局产能和营销网络，使得海内外优质市场的出货量同比有较好提升;同 时，通过前瞻性的供应链布局，有效管理了成本的波动。 锂电产业：通过标准化和精细化管理，持续保障了产品的品质稳定;聚焦小动力多领域应用市场，在高 稼动率下，保持了较好的市场拓展。 智通财经APP讯，横店东磁(002056.SZ)发布公告，公司预计2025年前三季度归属于上市公司股东的净利 润为13.9亿元至15.3亿元，同比增长50.1%至65.2%。 磁材产业：龙头地位稳固，在家电和汽车领域市占率持续提升。同时，公司横向拓展和纵向延伸布局的 多个磁材新品，在新能源汽车的车载充电机OBC、充电桩充电模块、热管理系统，AI服务器用PSU电 源、二次模块电源、芯片电感等领域出货高速增长;并通过组织变革和数智化推进，进一步提升了运营 效率和盈利能力。 ...

Core Viewpoint - The company expects a significant increase in net profit for the first three quarters, indicating strong performance in both the magnetic materials and photovoltaic industries [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 1.39 billion to 1.53 billion yuan, representing a year-on-year growth of 50.1% to 65.2% [1] Group 2: Magnetic Materials Industry - The company maintains a leading position in the magnetic materials sector, with increasing market share in the home appliance and automotive fields [1] - The company is expanding its product offerings through horizontal and vertical development of new magnetic materials [1] - Organizational transformation and digitalization efforts have further enhanced operational efficiency and profitability [1] Group 3: Photovoltaic Industry - The company is strengthening its differentiated strategy in the photovoltaic sector by continuously investing in research and development, technological upgrades, and process optimization [1] - The timely launch of ultra-high power products has further improved product competitiveness [1]