Group 1 - The core viewpoint of the news is that Shenjian Co., Ltd. has shown a mixed performance in terms of financing activities and stock performance, with a slight increase in stock price but a net outflow in financing [1][2]. - On November 11, Shenjian Co., Ltd. experienced a stock price increase of 1.34%, with a trading volume of 197 million yuan. The financing buy-in amount was 20.90 million yuan, while the financing repayment was 25.37 million yuan, resulting in a net financing outflow of 4.47 million yuan [1]. - As of November 11, the total financing and securities lending balance for Shenjian Co., Ltd. was 462 million yuan, which accounts for 7.16% of its circulating market value, indicating a high level compared to the past year [1]. Group 2 - As of September 30, the number of shareholders for Shenjian Co., Ltd. was 55,600, a decrease of 10.12% from the previous period, while the average circulating shares per person increased by 11.26% to 14,560 shares [2]. - For the period from January to September 2025, Shenjian Co., Ltd. achieved an operating income of 1.834 billion yuan, representing a year-on-year growth of 5.64%. The net profit attributable to the parent company was 30.32 million yuan, with a year-on-year increase of 3.81% [2]. - Since its A-share listing, Shenjian Co., Ltd. has distributed a total of 783 million yuan in dividends, with 238 million yuan distributed over the past three years [2].

Market Overview - The plastic sector experienced a decline of 0.36% on November 10, with Qide New Materials leading the drop [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Notable gainers in the plastic sector included: - Jiangsu Boyun (301003) with a closing price of 42.10, up 4.39% and a trading volume of 40,700 shares, totaling 170 million yuan [1] - Foshan Plastics (000973) closed at 10.79, up 3.85% with a trading volume of 2,109,500 shares, totaling 2.325 billion yuan [1] - Shangwei New Materials (688585) closed at 108.50, up 3.71% with a trading volume of 88,000 shares, totaling 930 million yuan [1] - Key decliners included: - Qide New Materials (36600E) closed at 39.58, down 5.31% with a trading volume of 37,400 shares, totaling 151 million yuan [2] - Dongcai Technology (601208) closed at 19.23, down 4.04% with a trading volume of 536,600 shares, totaling 1.036 billion yuan [2] - Wankai New Materials (301216) closed at 18.62, down 3.82% with a trading volume of 143,700 shares, totaling 270 million yuan [2] Capital Flow - The plastic sector saw a net outflow of 554 million yuan from institutional investors, while retail investors contributed a net inflow of 412 million yuan [2] - Notable capital flows included: - Shengquan Group (605589) with a net inflow of 53.7853 million yuan from institutional investors [3] - Shenkai Co., Ltd. (002361) with a net inflow of 23.9277 million yuan from institutional investors [3] - Daoming Optical (002632) with a net inflow of 20.8714 million yuan from institutional investors [3]

Group 1 - The company, Shenjian Co., Ltd. (002361), announced the completion of business registration changes on November 3, 2025, and received a new business license from the Wuhu Market Supervision Administration [1]

1、名称：安徽神剑新材料股份有限公司； 2、统一社会信用代码:913402007373350320； 3、类型：股份有限公司（上市、自然人投资或控股）； 4、成立日期：2002年4月18日； 5、注册资本：玖亿伍仟壹佰零叁万肆仟玖佰陆拾玖圆整； 证券代码：002361 证券简称：神剑股份 公告编号：2025－039 安徽神剑新材料股份有限公司 关于工商变更登记完成的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告 中的虚假记载、误导性陈述或者重大遗漏承担责任。 2025年11月3日，公司完成工商变更登记手续，并取得芜湖市市场监督管理 局换发的《营业执照》，变更后的企业登记信息如下： 一、营业执照的基本信息 6、法定代表人：吴昌国； 7、住所：安徽省芜湖市经济技术开发区桥北工业园； 8、经营范围：聚酯树脂、环氧树脂、TGIC固化剂、流平剂、增光剂（不含 危险品）制造、销售。化工原料（不含危险品）销售。经营本企业自产产品及技 术的出口业务和本企业所需的机械设备、零配件、原辅材料及技术的进口业务， 但国家限定公司经营或禁止进出口的商品及技术除外（凭许可证经营）。 二、备查文件 1、《营业执照》 特 ...

Core Insights - The company reported a total revenue of 1.834 billion yuan for Q3 2025, ranking 24th among disclosed peers, with a year-on-year increase of 97.93 million yuan, representing a growth of 5.64% compared to the same period last year [1] - The net profit attributable to shareholders reached 30.32 million yuan, an increase of 1.11 million yuan year-on-year, marking a consecutive rise over two years, with a year-on-year growth of 3.81% [1] - The net cash inflow from operating activities was -140 million yuan [1] Financial Ratios - The latest debt-to-asset ratio stands at 51.62% [3] - The latest gross profit margin is 12.28% [3] - The latest return on equity (ROE) is 1.37%, which is an increase of 0.06 percentage points compared to the same period last year [3] - The diluted earnings per share remained stable compared to the same period last year, with a year-on-year increase of 3.91% [3] - The total asset turnover ratio is 0.41 times, reflecting an increase of 0.04 times year-on-year, which is a growth of 9.61% [3] - The inventory turnover ratio is 4.13 times, ranking 29th among disclosed peers [3] Shareholder Structure - The number of shareholders is 55,600, with the top ten shareholders holding a total of 344 million shares, accounting for 36.17% of the total share capital [3] - The top ten shareholders and their holdings are as follows: - Liu Zhijian: 12.6% - Wuhu Yuanda Venture Capital Co., Ltd.: 8.33% - Xie Ringuo: 4.99% - Xu Lixin: 4.30% - Liu Shaohong: 2.27% - Li Baocai: 1.08% - Wang Xueliang: 0.93% - Wei Mingxia: 0.59% - Bu Yuanming: 0.54% - Wang Hongseng: 0.49% [3]

Core Viewpoint - Shenjian Co., Ltd. is a leading domestic manufacturer of polyester resin for powder coatings, with a strong full industry chain advantage and high product cost performance [1] Group 1: Business Performance - For Q3 2025, Shenjian's revenue reached 1.834 billion yuan, ranking 5th among 14 companies in the industry, while the industry leader, Shengquan Group, reported 8.072 billion yuan [2] - The revenue composition includes outdoor resin at 840 million yuan (72.68%), mixed resin at 177 million yuan (15.36%), high-end equipment manufacturing at 111 million yuan (9.62%), and other revenues at 27.13 million yuan (2.35%) [2] - The net profit for the same period was 20.663 million yuan, ranking 11th in the industry, with the top performer, Shengquan Group, achieving 782 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Shenjian's debt-to-asset ratio was 51.62%, higher than the previous year's 50.60% and above the industry average of 33.32% [3] - The gross profit margin for Q3 2025 was 12.28%, down from 13.13% year-on-year and below the industry average of 20.81% [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Wu Changguo was 565,000 yuan, an increase of 78,800 yuan from the previous year [4] - As of September 30, 2025, the number of A-share shareholders decreased by 10.12% to 55,600, while the average number of circulating A-shares held per shareholder increased by 11.26% to 14,600 [5]

安徽神剑新材料股份有限公司（以下简称"公司"）第六届董事会第十三次 会议于 2025 年 10 月 19 日以电子邮件或微信等方式通知全体董事，于 2025 年 10 月 30 日在公司四楼会议室，以现场及通讯会议的方式召开。 本次会议应参会董事 7 名，实际参会董事 7 名。会议在保证所有董事充分发 表意见的前提下，以填写表决票的方式对审议事项进行表决。会议由名誉董事长 刘志坚先生主持。 本次会议的召集、召开和表决程序符合《公司法》、《公司章程》的有关规 定。 经与会董事表决，通过如下决议： 证券代码：002361 证券简称：神剑股份 编号：2025-038 安徽神剑新材料股份有限公司 第六届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或者重大遗漏。 一、会议以 7 票同意，0 票反对，0 票弃权的表决结果，审议通过了《公司 2025 年第三季度报告》。 特此公告。 安徽神剑新材料股份有限公司 董事会 2025 年 10 月 30 日 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥678,546,862.72, representing a year-on-year increase of 10.19%[5] - The net profit attributable to shareholders for Q3 2025 was ¥6,722,900.73, a decrease of 40.57% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,199,238.80, down 39.89% year-on-year[5] - The basic earnings per share for Q3 2025 was ¥0.0071, reflecting a decline of 40.34% compared to the previous year[5] - Total operating revenue for the current period reached ¥1,833,803,557.11, an increase of 5.6% compared to ¥1,735,870,899.62 in the previous period[16] - Net profit for the current period was ¥20,662,985.33, a decrease of 4.8% from ¥21,713,114.52 in the previous period[17] - Basic earnings per share for the current period were ¥0.0319, up from ¥0.0307 in the previous period, representing a growth of 3.9%[18] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥4,623,026,364.74, an increase of 4.93% from the end of the previous year[5] - The company's total assets increased to ¥4,623,026,364.74, compared to ¥4,405,781,567.48 in the previous period, marking a growth of 4.9%[14] - Total liabilities rose to ¥2,386,435,287.37, up from ¥2,142,301,726.99, indicating an increase of 11.4%[14] - The company's equity attributable to shareholders decreased to ¥2,213,531,596.23 from ¥2,230,763,332.57, a decline of 0.8%[14] Cash Flow - The cash flow from operating activities for the year-to-date was -¥139,625,433.61, a decrease of 46.02% compared to the same period last year[9] - Operating cash flow for the current period was -139,625,433.61 CNY, compared to -95,619,842.78 CNY in the previous period, indicating a decline in cash generation from operations[19] - The total cash and cash equivalents at the end of the period decreased to 296,860,264.15 CNY from 407,700,050.05 CNY in the previous period, indicating a reduction in liquidity[20] - Cash received from sales of goods and services was 1,042,991,251.43 CNY, down from 1,143,327,007.27 CNY, reflecting a decline in revenue generation[19] - Cash paid for purchasing goods and services was 1,015,569,501.37 CNY, compared to 1,080,788,222.68 CNY in the previous period, indicating a reduction in operational expenses[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 55,571[11] - The largest shareholder, Liu Zhijian, holds 12.66% of shares, totaling 120,415,980 shares[11] - The company has a significant shareholder, Wuhu Yuanda Venture Investment Co., Ltd., holding 8.33% of shares, totaling 79,200,000 shares[11] - The total number of preferred shareholders is zero, indicating no preferred shares outstanding[12] - The company has a total of 10,291,800 shares held by shareholder Li Baocai, with a significant portion held through margin trading accounts[11] Investment Activities - The company reported an investment income of ¥2,766,986.23, compared to ¥2,492,855.06 in the previous period, indicating a rise of 11.0%[16] - Total cash inflow from investment activities was 10,515,238.62 CNY, up from 5,639,749.83 CNY in the previous period, reflecting improved investment recovery[20] - The company reported a net cash outflow from investment activities of -9,192,621.31 CNY, an improvement from -23,143,517.49 CNY in the previous period, indicating better investment management[20] Operational Changes - The company reported a significant increase in prepayments, which rose by 193.77% to ¥65,892,277.46 due to increased material payments[9] - The company has reported a significant increase in prepayments, which rose to ¥65,892,277.46 from ¥22,429,693.56, marking a growth of approximately 194.5%[12] - Financial expenses decreased by 51.55% to ¥12,549,703.34, primarily due to lower financing costs[9] - The company experienced a 13706.45% increase in credit impairment losses, amounting to ¥5,836,680.55, due to changes in bad debt provisions[9] - The cash flow from operating activities showed a significant decrease, with cash outflows totaling 1,208,639,464.37 CNY, down from 1,276,774,344.59 CNY[19] Audit and Compliance - The company did not undergo an audit for the third quarter financial report, which may affect stakeholder confidence in the reported figures[21]

Core Insights - As of October 22, a total of 83 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more [1] - The stock with the longest consecutive net inflow is Fanwei Network, which has seen net buying for 11 trading days [1] - Other notable stocks with significant consecutive net inflows include Mindray Medical, Yidian Tianxia, Deep Technology, Maixinlin, New Hec, Shengnong Development, Zhongying Electronics, and Shenjian Co. [1]

Core Insights - As of October 21, a total of 66 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more [1] - The stock with the longest consecutive net inflow is Fanwei Network, which has seen net buying for 10 trading days [1] - Other notable stocks with significant consecutive net inflows include Mindray Medical, Yingke Medical, Shenjian Co., Xingqi Eye Medicine, Maixinlin, Deep Technology, Diweier, and Haide Co. [1]