Core Viewpoint - Kangda New Materials announced a total asset impairment provision of approximately 193 million yuan for the first three quarters of 2025, with reversals or write-offs totaling about 104 million yuan [1] Group 1: Financial Performance - The company wrote off approximately 62,000 yuan of receivables that had been fully provisioned for bad debts and were long overdue, while recovering about 146,800 yuan of previously written-off assets [1] - The inventory impairment provision write-off amounted to approximately 8.8886 million yuan [1] - For the first half of 2025, the revenue composition of Kangda New Materials was as follows: adhesive industry accounted for 87.98%, electronic products business 4.43%, synthetic resin 2.98%, other businesses 2.16%, and LTCC materials 1.97% [1] Group 2: Market Capitalization - As of the report date, the market capitalization of Kangda New Materials was 4.4 billion yuan [1]

Group 1 - The core point of the article is that Kangda New Materials (SZ 002669) held its 11th meeting of the 6th board of directors on October 25, 2025, to review the proposal for the Q3 2025 report [1] - For the first half of 2025, Kangda New Materials reported that the revenue composition was as follows: adhesives industry accounted for 87.98%, electronic products business 4.43%, synthetic resin 2.98%, other businesses 2.16%, and LTCC materials 1.97% [1] - As of the report date, the market capitalization of Kangda New Materials was 4.4 billion yuan [1]

一、第二期员工持股计划基本情况 证券代码：002669 证券简称：康达新材 公告编号：2025-113 康达新材料（集团）股份有限公司 关于延长第二期员工持股计划存续期的公告 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、误导性陈述或重大遗漏。 康达新材料（集团）股份有限公司（以下简称"公司"）于2025年10月25日召 开第六届董事会第十一次会议审议通过了《关于延长第二期员工持股计划存续期 的议案》，根据中国证监会《关于上市公司实施员工持股计划试点的指导意见》、 《深圳证券交易所上市公司自律监管指引第1号——主板上市公司规范运作》及 《上海康达化工新材料集团股份有限公司第二期员工持股计划》（以下简称"《第 二期员工持股计划》"）等有关规定，同意公司第二期员工持股计划的存续期延 长12个月，即第二期员工持股计划的存续期延长至2026年12月24日。现将相关情 况公告如下： 公司分别于2020年11月22日召开的第四届董事会第三十次会议以及2020年 12月9日召开的2020年第四次临时股东大会审议通过了《关于<上海康达化工新材 料集团股份有限公司第二期员工持股计划（草案）>及其摘要 ...

根据《企业会计准则》的有关规定，公司在资产负债表日对截至 2025 年 9 月 30 日的公司及下属子公司应收账款、应收账款融资、其他应收款、存货等资 产进行了全面清查，对相关资产价值出现的减值迹象进行了充分地分析和评估。 经减值测试，公司需根据《企业会计准则》规定计提相关资产减值准备。2025 年前三季度公司计提各项资产减值准备合计 192,698,814.08 元，转回或转销合计 103,556,897.18 元。其中公司对部分已全额计提坏账准备且长期难以收回的应收 账款进行核销，核销资产合计 62,048.40 元，收回已核销资产 146,836.76 元；存 货跌价准备转销 8,888,599.41 元。明细如下： 证券代码：002669 证券简称：康达新材 公告编号：2025-114 康达新材料（集团）股份有限公司 关于2025年前三季度计提资产减值准备及核销资产的公告 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、误导性陈述或重大遗漏。 根据《企业会计准则》和《深圳证券交易所股票上市规则》等相关规定，为 更加真实、准确地反映公司截至 2025 年 9 月 30 日的资产 ...

前次募集资金使用情况鉴证报告 康达新材料（集团）股份有限公司 容诚专字[2025]210Z0166 号 容诚会计师事务所(特殊普通合伙) 中国·北京 前次募集资金使用情况鉴证报告 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 容诚专字[2025]210Z0166 号 康达新材料（集团）股份有限公司全体股东： 我们审核了后附的康达新材料（集团）股份有限公司（以下简称康达新材公 司）董事会编制的截至 2025 年 6 月 30 日止的《前次募集资金使用情况专项报告》。 一、 对报告使用者和使用目的的限定 本鉴证报告仅供康达新材公司向特定对象发行股票之目的使用，不得用作任 何其他目的。我们同意将本鉴证报告作为康达新材公司申请向特定对象发行股票 所必备的文件，随其他申报材料一起上报。 二、 董事会的责任 目 录 | 序号 | | 内 | ...

证券代码：002669 证券简称：康达新材 公告编号：2025-112 康达新材料（集团）股份有限公司 前次募集资金使用情况报告 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、误导性陈述或重大遗漏。 康达新材料（集团）股份有限公司（以下简称"本公司"或"公司"）董事 会根据中国证券监督管理委员会发布的《上市公司证券发行注册管理办法》《监 管规则适用指引——发行类第 7 号》《上市公司募集资金监管规则》的规定，编 制了截至 2025 年 6 月 30 日(以下简称"截止日")的前次募集资金使用情况报告， 具体情况报告如下： 一、前次募集资金基本情况 2022 年向特定对象发行股票募集资金 1、实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准康达新材料（集团）股份有限公司非 公开发行股票的批复》（证监许可〔2022〕684 号）核准，并经深圳证券交易所同 意，由主承销商中邮证券有限责任公司（以下简称"中邮证券"）采用非公开方 式发行人民币普通股（A 股）52,910,052 股，每股面值 1 元，发行价格为 13.23 元 /股。本次发行募集资金总额为人民币 699, ...

Group 1 - The core point of the article is that 康达新材 reported significant growth in both revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the company's revenue reached 1.492 billion yuan, representing a year-on-year increase of 82.70% [1] - The net profit for the third quarter was 32.8748 million yuan, showing a year-on-year growth of 264.65% [1] - For the first three quarters, the total revenue amounted to 3.75 billion yuan, which is a year-on-year increase of 72.10% [1] - The net profit for the first three quarters was 84.0484 million yuan, reflecting a year-on-year growth of 209.90% [1]

证券代码：002669 证券简称：康达新材 公告编号：2025-110 康达新材料（集团）股份有限公司 第六届董事会第十一次会议决议公告 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、误导性陈述或重大遗漏。 一、董事会会议召开情况 康达新材料（集团）股份有限公司（以下简称"公司"）第六届董事会第十 一次会议通知于2025年10月22日以邮件及通讯方式向公司董事发出。经全体董事 书面同意，会议于2025年10月25日上午10:00在公司会议室以现场结合通讯表决 方式召开，应出席董事13人，实际出席董事13人，其中10名董事以通讯方式参加 会议，参与表决的董事13人。本次会议由董事长王建祥主持，公司高级管理人员 列席了本次会议，会议的通知、召集、召开和表决程序符合《公司法》及《公司 章程》的规定。 二、董事会会议审议情况 1、审议通过《关于2025年第三季度报告的议案》 公司董事、高级管理人员就该报告签署了书面确认意见。 具体内容详见公司同日在巨潮资讯网、《证券时报》、《证券日报》、《上 海证券报》、《中国证券报》披露的《2025年第三季度报告》（公告编号：2025-111）。 具体内 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,491,706,277.89, representing an increase of 82.70% compared to the same period last year[4] - Net profit attributable to shareholders was ¥32,874,782.37, a significant increase of 264.65% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥10,973,916.98, up by 152.51% compared to the previous year[4] - Revenue for the reporting period reached ¥3,749,809,890.48, a 72.10% increase compared to ¥2,178,859,546.56 in the same period last year, primarily driven by increased sales of adhesive products[8] - The net profit attributable to shareholders reached ¥84,048,436.95, a 209.90% improvement from a net loss of ¥76,477,138.03 in the previous year, driven by increased product sales and operational efficiency[8] - Operating profit for the current period was ¥103,882,693.22, recovering from a loss of ¥101,086,799.28 in the previous period[22] - Net profit for the current period was ¥75,266,214.44, compared to a net loss of ¥105,905,526.02 in the previous period, indicating a turnaround[22] Earnings and Shareholder Information - The company reported a basic earnings per share of ¥0.112, which is an increase of 267.16% year-on-year[4] - The basic earnings per share improved to ¥0.284 from a loss of ¥0.257, marking a 210.51% increase, attributed to enhanced profitability and operational efficiency[8] - The total number of ordinary shareholders at the end of the reporting period was 28,279, with the largest shareholder, Tangshan Industrial Holding Group Co., Ltd., holding 28.81% of shares[10] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,497,051,041.34, reflecting a growth of 22.43% from the end of the previous year[4] - The company's total assets reached RMB 8.50 billion, an increase from RMB 6.94 billion at the beginning of the period[18] - The company's current liabilities totaled RMB 4.85 billion, up from RMB 3.19 billion at the beginning of the period[19] - The company's non-current liabilities decreased to RMB 763.17 million from RMB 839.87 million[19] - The company's total liabilities and equity amounted to ¥8,497,051,041.34, with total equity at ¥2,887,741,658.73, slightly down from ¥2,905,718,109.27[20] Cash Flow and Operating Activities - The cash flow from operating activities showed a negative net amount of ¥427,448,070.62, indicating a decline of 199.94% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of ¥427,448,070.62, contrasting with a net inflow of ¥427,698,633.72 in the previous period[24] - The company’s cash flow from operating activities was not detailed in the provided data[25] Investments and Acquisitions - Long-term equity investments increased by 146.17% to ¥405,693,254.08, primarily due to the transfer of partial equity in subsidiaries[7] - The company has registered a medium-term note issuance amounting to RMB 1 billion, valid for 2 years from the acceptance notice date[12] - The company completed a capital increase of RMB 116.67 million for its wholly-owned subsidiary Chengdu Kangda Jinrui Technology Co., Ltd., with Tianjin Tangkong Kechuang Group Co., Ltd. and Shanghai Fengfan Jingying Industrial Material Supply Co., Ltd. participating[15] - The company plans to increase capital in its Thai subsidiary, Kangda New Materials (Thailand) Co., Ltd., with a total capital increase of 9.8 million Thai Baht, raising its registered capital from 2 million to 100 million Thai Baht[16] - The company has acquired 51% of Chengdu Zhongke Huamei Electronics Co., Ltd. for RMB 275.4 million, making it a subsidiary included in the consolidated financial statements[16] - The company signed a letter of intent to acquire at least 51% of Beiyi Semiconductor Technology (Guangdong) Co., Ltd., with the transaction currently in the due diligence phase[17] Other Financial Metrics - The company received government subsidies amounting to ¥10,470,225.40 during the reporting period, contributing to its financial performance[5] - The company reported a significant increase in other income, which rose by 66.14% to ¥37,965,003.98 from ¥22,851,236.39, primarily due to government subsidies[8] - Investment income surged to ¥33,765,242.15, a staggering 6203.74% increase from ¥535,637.85, due to the transfer of partial equity in subsidiaries[8] - Research and development expenses were ¥113,046,159.44, down from ¥134,715,961.26, indicating a reduction of approximately 16.2%[21] - Other comprehensive income after tax for the current period was ¥274,426.67, compared to a loss of ¥274,064.58 in the previous period[22] Cash Management - The company's cash and cash equivalents decreased to RMB 622.88 million from RMB 799.83 million[18] - The cash and cash equivalents at the end of the period were $528.03 million, a decrease from $722.23 million at the beginning of the period[25] - The company received $1.39 billion in cash from borrowings, an increase from $1.17 billion in the previous period[25] - The company paid $1.28 billion in cash to repay debts, an increase from $1.03 billion in the previous period[25]

Core Viewpoint - The wind power industry has experienced significant growth in installed capacity this year, leading to substantial profits across various segments of the supply chain [2][3][4]. Company Performance - China National Materials Technology (中材科技) reported a 33.47% increase in revenue to 8.369 billion yuan for Q3 2025, with net profit rising 234.84% to 481 million yuan, driven by increased sales of wind turbine blades and rising prices of fiberglass products [3][4]. - Kangda New Materials (康达新材) announced a net profit of 80 to 90 million yuan for the first three quarters, marking a turnaround, with its adhesive business for wind turbine blades as the core driver [2][4]. - China Jushi (中国巨石) achieved total revenue of 13.904 billion yuan, a 19.53% year-on-year increase, and a net profit of 2.568 billion yuan, up 67.51% [4]. Industry Trends - The wind power sector saw a remarkable 98.9% year-on-year increase in newly installed capacity, totaling 51.4 GW in the first half of 2025, with offshore wind power growing by 200% and onshore by 95.5% [4][6]. - The bidding volume for wind turbines reached 71.9 GW, an 8.77% increase year-on-year, indicating sustained demand in the market [4]. Future Outlook - Companies express cautious optimism regarding the sustainability of current performance, acknowledging potential fluctuations in 2026 due to the "rush installation" phenomenon but maintaining confidence in the long-term growth of the wind power industry [5][6]. - The "14th Five-Year Plan" anticipates a significant increase in wind power capacity, with annual additions expected to reach at least 120 million kilowatts, ensuring robust growth through 2035 [6][7]. - The wind power industry's growth is supported by three main factors: continuous policy support, technological advancements, and strong market demand, with a positive long-term outlook despite potential short-term challenges [7].