Core Viewpoint - The stock of Yamaton has shown fluctuations with a year-to-date increase of 25.53%, but recent trends indicate a decline over the past five, twenty, and sixty days [1][2]. Group 1: Stock Performance - As of November 24, Yamaton's stock price increased by 2.01% to 18.76 CNY per share, with a trading volume of 39.11 million CNY and a turnover rate of 1.07%, resulting in a total market capitalization of 3.734 billion CNY [1]. - Year-to-date, Yamaton has experienced a stock price increase of 25.53%, but has seen declines of 6.99% over the last five trading days, 3.60% over the last twenty days, and 17.86% over the last sixty days [1]. - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on July 18, where it recorded a net buy of -10.75 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Yamaton reported a revenue of 1.58 billion CNY, reflecting a year-on-year decrease of 35.42%, and a net profit attributable to shareholders of -59.57 million CNY, a decline of 123.67% [2]. - Cumulative cash dividends since the A-share listing amount to 319 million CNY, with 232 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Yamaton had 31,500 shareholders, an increase of 25.12% from the previous period, with an average of 6,308 circulating shares per shareholder, a decrease of 20.08% [2]. - The top ten circulating shareholders saw a change, with the Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund exiting the list [3]. Group 4: Business Overview - Yamaton, established on September 11, 2006, and listed on October 13, 2011, specializes in the research and development of photovoltaic glass coating materials and technology, as well as the production and sales of photovoltaic coated glass [1]. - The company's main revenue sources include solar glass (85.54%), electronic glass and other glass products (10.99%), electricity sales (2.27%), solar components (0.80%), and others (0.40%) [1].

Group 1 - The core viewpoint of the article is that Amatton (SZ 002623) has announced its participation in a research meeting with GF Securities, where key executives will address investor inquiries [1] - For the first half of 2025, Amatton's revenue composition shows that the new energy sector accounts for 88.61%, the electronic glass and display device industry accounts for 10.99%, and other businesses account for 0.4% [1] - As of the report date, Amatton's market capitalization is 3.7 billion yuan [1]

Core Viewpoint - The company, Amaton, reported an increase in the shipment volume of its optoelectronic display glass products, benefiting from the recent recovery in the consumer electronics industry [1] Company Summary - Amaton participated in an institutional research meeting on November 21, where it highlighted the positive impact of the consumer electronics industry's recovery on its product shipments [1]

常州亚玛顿股份有限公司投资者关系活动记录表 证券代码：002623 证券简称：亚玛顿 答：项目公司亚玛顿玻璃工业有限公司已经注册完成，并且完 成境外投资备案手续。本次海外产能项目的投资建设符合公司 全球化发展战略需要，有利于公司充分利用当地的区位、资源 优势，有效降低公司的生产成本，扩大海内外市场占有率，同 时加快海外光伏玻璃产能布局，以灵活应对复杂多变的国际贸 易环境，辐射中东及欧美、南亚市场，推动公司在国际化市场 的业务发展，从而提升公司国际市场竞争力，实现公司长远发 展目标及提升全体股东的利益。 5、公司在光电显示玻璃行业已经布局多年，公司光电显示玻璃 现阶段情况？ 答：受益于近年消费电子行业复苏，公司光电显示玻璃产品出 货量较往年有所提升。 6、公司钙钛矿电池相关技术进展情况？ 答：公司现已具备 ITO 玻璃量产能力，相较于 FTO 玻璃，ITO 玻 | | 璃具有大尺寸钢化、超轻薄、高导电性、高透光率、高机械性 | | --- | --- | | | 能及表面缺陷少的优点。目前，公司在不断地储备和完善相关 | | | 的技术和经验，并与纤纳光电、协鑫集团等企业保持良好战略 | | | 合作关系，待该 ...

Core Viewpoint - The company, Yamaton (002623.SZ), is a qualified supplier of Tesla's solar roof tiles and energy storage glass products, indicating a strategic partnership with Tesla in the renewable energy sector [1] Group 1: Company Collaboration - The current collaboration with Tesla does not involve the mentioned technology areas, suggesting a focused scope of partnership at this stage [1] - The company is committed to ongoing technology research and business development based on customer needs and market changes, highlighting its proactive approach to innovation and adaptation [1]

Core Viewpoint - The company, Yamaton (002623.SZ), is a qualified supplier of Tesla's solar roof tiles and energy storage door glass products, indicating a strategic partnership with Tesla in the renewable energy sector [1] Group 1: Company Collaboration - The current collaboration with Tesla does not involve the specific technology areas mentioned by the inquirer, suggesting a focused scope of partnership at this stage [1] - The company is committed to ongoing technology research and business development based on customer needs and market changes, highlighting its proactive approach to innovation and adaptation [1]

Core Viewpoint - The company aims to align with industry trends, focusing on high-quality development of its core business while dynamically adjusting its production and sales strategies based on order demand, inventory levels, and customer delivery schedules [1] Group 1 - The company will actively practice industry self-discipline and enhance operational efficiency through continuous optimization of its product matrix [1] - The company emphasizes the importance of lean management to reduce costs and increase efficiency [1] - The company seeks to improve its risk resistance and development resilience [1]

Core Viewpoint - The stock of Amarton has experienced a decline of 2.01% on November 19, with a current price of 19.53 CNY per share, reflecting a significant drop in trading activity and a net outflow of funds [1] Group 1: Company Overview - Amarton, established on September 11, 2006, and listed on October 13, 2011, is located in Changzhou, Jiangsu Province. The company specializes in the research and development of photovoltaic glass coating materials and the production and sales of photovoltaic coated glass [2] - The main revenue sources for Amarton include solar glass (85.54%), electronic glass and other glass products (10.99%), electricity sales (2.27%), solar modules (0.80%), and others (0.40%) [2] - As of September 30, 2025, Amarton had 31,500 shareholders, an increase of 25.12% from the previous period, with an average of 6,308 circulating shares per shareholder, a decrease of 20.08% [2] Group 2: Financial Performance - For the period from January to September 2025, Amarton reported a revenue of 1.58 billion CNY, a year-on-year decrease of 35.42%, and a net profit attributable to shareholders of -59.57 million CNY, a decline of 123.67% [2] - The company has distributed a total of 319 million CNY in dividends since its A-share listing, with 232 million CNY distributed over the past three years [3] Group 3: Market Activity - Amarton's stock has seen a price increase of 30.68% year-to-date, but has declined by 7.18% over the last five trading days, 2.15% over the last 20 days, and 10.70% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on July 18, where it recorded a net buy of -10.75 million CNY [1]

Core Viewpoint - The stock of Yamaton has experienced fluctuations, with a year-to-date increase of 35.56%, but recent trends show a decline in the short term, indicating potential volatility in the market [1][2]. Company Overview - Yamaton, established on September 11, 2006, and listed on October 13, 2011, is located in Changzhou, Jiangsu Province. The company specializes in the research and development of photovoltaic glass coating materials and the production and sales of photovoltaic coated glass [1]. - The main revenue sources for Yamaton include solar glass (85.54%), electronic glass and other glass products (10.99%), electricity sales (2.27%), solar modules (0.80%), and other sources (0.40%) [1]. Financial Performance - For the period from January to September 2025, Yamaton reported a revenue of 1.58 billion yuan, a year-on-year decrease of 35.42%. The net profit attributable to the parent company was -59.57 million yuan, reflecting a significant decline of 123.67% compared to the previous year [2]. - Since its A-share listing, Yamaton has distributed a total of 319 million yuan in dividends, with 232 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Yamaton had 31,500 shareholders, an increase of 25.12% from the previous period. The average number of circulating shares per shareholder was 6,308, which decreased by 20.08% [2]. - The top ten circulating shareholders saw a change, with Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund (004685) exiting the list [3]. Market Activity - On November 17, Yamaton's stock price fell by 2.08% to 20.26 yuan per share, with a trading volume of 22.30 million yuan and a turnover rate of 0.55%. The total market capitalization stood at 4.03 billion yuan [1]. - The net outflow of main funds was 1.60 million yuan, with large orders accounting for 11.93% of total purchases and 19.10% of total sales [1].

Core Insights - The POE film concept has seen a rise of 1.76%, ranking 6th among concept sectors, with 22 stocks increasing in value, including notable gainers such as Tuori New Energy and *ST Green Health, which hit the daily limit, and others like Fulei Ant and Fengguang Co., which rose by 6.99%, 5.05%, and 4.04% respectively [1][2] Market Performance - The top-performing concept sectors today include Cultivated Diamonds with a rise of 6.08%, Perovskite Batteries at 2.98%, and Dairy Industry at 2.37%, while sectors like Chinese AI 50 and Internet Insurance saw declines of -1.76% and -1.43% respectively [2] - The POE film concept attracted a net inflow of 0.84 billion yuan from major funds, with 11 stocks receiving net inflows, and 5 stocks exceeding 10 million yuan in net inflow. The leading stock in net inflow was Baofeng Energy, with 1.19 billion yuan, followed by Tuori New Energy and Wanhua Chemical with 1.08 billion yuan and 344.73 million yuan respectively [2][3] Fund Flow Analysis - The stocks with the highest net inflow ratios include Tuori New Energy at 50.39%, *ST Green Health at 48.08%, and Dingjide at 12.66% [3] - The detailed fund flow for the POE film concept shows Baofeng Energy with a 2.01% increase and a net inflow of 118.52 million yuan, while Tuori New Energy had a significant increase of 10.13% with a net inflow of 108.44 million yuan [3][4]