Market Performance - The chemical products sector increased by 0.37% on September 1, with *ST Jintai 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 Chemical Sector - *ST Quantai (300225) closed at 5.79, up 12.21% with a trading volume of 366,800 shares and a turnover of 204 million yuan [1] - Kangda New Materials (002669) closed at 15.46, up 10.04% with a trading volume of 305,700 shares [1] - Jianye Co. (603948) closed at 32.09, up 10.01% with a trading volume of 25,800 shares [1] - Dinglong Technology (603004) closed at 24.42, up 10.00% with a trading volume of 78,100 shares [1] - Zanyu Technology (002637) closed at 12.02, up 9.97% with a trading volume of 154,400 shares [1] Top Losers in Chemical Sector - Akole (603722) closed at 51.95, down 7.99% with a trading volume of 75,000 shares and a turnover of 392 million yuan [2] - Jiabiyou (688089) closed at 27.36, down 5.07% with a trading volume of 122,100 shares [2] - Andyshi (66ZOO9) closed at 10.07, down 4.82% with a trading volume of 271,400 shares [2] Capital Flow Analysis - The chemical products sector experienced a net outflow of 361 million yuan from institutional investors, while retail investors saw a net inflow of 243 million yuan [2][3] - Kangda New Materials (002669) had a net inflow of 1.21 billion yuan from institutional investors, but a net outflow of 55.12 million yuan from retail investors [3] - Zanyu Technology (002637) had a net inflow of 61.87 million yuan from institutional investors, with a net outflow of 32.00 million yuan from retail investors [3]

Core Viewpoint - Kangda New Materials (Group) Co., Ltd. plans to acquire at least 51% of Beiyi Semiconductor Technology (Guangdong) Co., Ltd. to gain control and enhance its revenue and profit growth potential [1][4]. Group 1: Acquisition Details - The acquisition agreement was signed on August 28, 2025, and is currently in the preliminary planning stage, requiring further negotiation and validation [1]. - Beiyi Semiconductor specializes in the research, production, packaging, testing, sales, and service of new power semiconductor modules, with applications in electric vehicles, industrial control, robotics, photovoltaics, wind power generation, and energy storage [3]. Group 2: Beiyi Semiconductor's Capabilities - Beiyi Semiconductor has a production base of 16,500 square meters with 9 fully automated and semi-automated packaging lines, and over 170 advanced domestic and international equipment [3]. - The company is actively advancing its self-developed wafer fabrication project, focusing on 6-inch and 8-inch wafers, and is constructing a new 30,000 square meter factory for silicon carbide MOSFETs and other modules [3]. Group 3: Strategic Implications for Kangda New Materials - The acquisition aligns with Kangda New Materials' strategy of integrating "new materials + electronic technology" to accelerate its semiconductor industry layout and enhance its core competitiveness [4]. - The transaction is expected to optimize the business structure and improve profitability, contributing to the company's long-term development and strategic planning [5]. Group 4: Industry Context - The semiconductor industry is recognized as a strategic emerging industry in China, with continuous market demand and broad development prospects [5]. - Kangda New Materials aims to focus on key technological advancements and fill domestic gaps in the semiconductor sector, enhancing its integrated capabilities from design to manufacturing and testing [5].

Core Viewpoint - Kangda New Materials (002669) plans to acquire at least 51% equity in Beiyi Semiconductor Technology (Guangdong) Co., Ltd., aiming to gain control over the company, which specializes in new power semiconductor modules [1] Group 1: Acquisition Details - The acquisition agreement was signed on August 28, with a cash purchase intended to secure a controlling stake in Beiyi Semiconductor [1] - Beiyi Semiconductor is recognized as a national high-tech enterprise focusing on the research, production, packaging, testing, sales, and service of new power semiconductor modules [1] Group 2: Strategic Implications - This acquisition aligns with Kangda New Materials' dual-driven strategy of "new materials + electronic technology," which encompasses CMP polishing liquids, sputtering targets, ceramic materials, and electronic chemicals [1] - The acquisition is expected to create multiple synergies, allowing Kangda to leverage Beiyi's technological and product advantages in the power semiconductor sector to quickly enter markets such as new energy vehicles and industrial control [1] - The integration of Kangda's existing semiconductor materials business with Beiyi's chip and module operations is anticipated to enhance the overall competitiveness of the supply chain [1]

Core Viewpoint - Company plans to acquire at least 51% stake in Beiyi Semiconductor Technology (Guangdong) Co., Ltd. to gain control, enhancing its position in the semiconductor industry [2][3] Group 1: Acquisition Details - The acquisition will be conducted in cash and will not involve issuing new shares, thus not constituting a related party transaction or changing the control of the listed company [2] - Beiyi Semiconductor specializes in the research, production, packaging, testing, sales, and service of new power semiconductor modules, serving sectors such as electric vehicles, industrial control, industrial robots, and photovoltaics [2] Group 2: Strategic Implications - The acquisition aims to accelerate the company's semiconductor industry layout and integrate high-quality assets related to power semiconductor modules [3] - Post-acquisition, Beiyi Semiconductor will be included in the company's consolidated financial statements, potentially providing new revenue and profit growth, thereby enhancing profitability and sustainability [3] - The strategic move aligns with national industrial policy directions and supports the company's long-term development and strategic planning [3]

Core Viewpoint - Kangda New Materials (康达新材) has signed a Letter of Intent for Acquisition to acquire at least 51% of Beiyi Semiconductor, aiming to gain control over the company, which specializes in power semiconductor modules [1][2] Group 1: Acquisition Details - The acquisition is in the preliminary planning stage, with significant uncertainties regarding the transaction details, which will require further negotiation and compliance with legal and regulatory procedures [1] - The overall valuation of Beiyi Semiconductor will be determined by an assessment report and the formal acquisition agreement [1] - The transaction is not expected to constitute a major asset restructuring as defined by relevant regulations [1] Group 2: Beiyi Semiconductor Overview - Beiyi Semiconductor, established in December 2020, focuses on the R&D, production, packaging, testing, sales, and service of new power semiconductor modules [2] - The company’s main products include IGBT, PIM, and IPM components, applicable in sectors such as electric vehicles, industrial control, robotics, photovoltaic, wind power, and energy storage [2] - Beiyi Semiconductor operates a 16,500 square meter IGBT module production base with nine fully automated and semi-automated packaging lines, equipped with over 170 advanced domestic and international devices [2] Group 3: Strategic Intent and Impact - The acquisition aligns with Kangda New Materials' strategy of integrating "new materials + electronic technology," aiming to enhance its semiconductor industry presence and optimize its business structure [2][3] - The transaction is expected to bring new revenue and profit growth opportunities, enhancing the company's profitability and sustainability [2] - Kangda New Materials plans to leverage its existing semiconductor materials business to accelerate its strategic transformation towards the semiconductor industry [3]

证券代码：002669 证券简称：康达新材 公告编号：2025-100 康达新材料（集团）股份有限公司 关于筹划收购北一半导体科技（广东）有限公司控股权 暨签署《收购意向协议》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。 特别提示： 1、康达新材料（集团）股份有限公司（以下简称"公司"或"康达新材"）于 2025 年 8 月 28 日与北一半导体科技（广东）有限公司（以下简称"北一半导体" 或"标的公司"）及其股东北芯科技（天津）有限公司（以下简称"北芯科技"）、 YU UNYONG（韩国籍自然人）签署了《收购意向协议》，拟通过现金方式收购 北一半导体不低于 51%的股权，取得其控股权，具体投资方案和投资比例待进一 步论证和协商。本次交易完成后，北一半导体将成为公司控股子公司。 2、本次签署的《收购意向协议》系各方就收购事宜达成的初步意向协议， 旨在表达各方合作意向。本次交易尚处于初步筹划阶段，相关事项尚存在重大不 确定性，交易的具体方案尚需交易各方进行进一步的协商和论证，并按照相关法 律、法规及《公司章程》的规定履行必要的决策和审批程序。 3、标的 ...

Core Viewpoint - 康达新材 (002669) reported significant growth in revenue and net profit for the first half of 2025, indicating a strong recovery from previous losses and improved operational efficiency [1][4]. Financial Performance - The total revenue for the first half of 2025 reached 2.258 billion yuan, a year-on-year increase of 65.75% [1]. - The net profit attributable to shareholders was 51.1737 million yuan, up 190.56% compared to the previous year [1]. - In Q2 2025, total revenue was 1.381 billion yuan, reflecting a 67.05% increase year-on-year, while net profit for the quarter was 44.8018 million yuan, a 241.25% increase [1]. - The gross margin was 15.91%, down 3.12% year-on-year, while the net margin improved to 2.01%, a 136.21% increase [1]. Accounts Receivable and Cash Flow - The accounts receivable amounted to 2.312 billion yuan, representing 74.56% of the total revenue, indicating a significant portion of revenue is tied up in receivables [1]. - The cash flow situation is concerning, with operating cash flow per share at -1.71 yuan, a decrease of 280.15% year-on-year [1][3]. Debt and Financial Health - The company’s interest-bearing liabilities decreased to 2.263 billion yuan, down 12.42% from the previous year [1]. - The interest-bearing asset-liability ratio stands at 29.35%, indicating a moderate level of debt relative to assets [3]. Business Model and Growth Drivers - The company’s performance is primarily driven by R&D and capital expenditures, necessitating careful evaluation of the effectiveness of these investments [2]. - The growth in the adhesive and specialty resin segments was supported by increased demand in the wind power industry, which significantly contributed to the revenue growth [4].

证券日报网讯康达新材（002669）8月27日在互动平台回答投资者提问时表示，公司参股子公司必控科 技主要从事电磁兼容设备、电磁兼容预测试系统及相关软件、电磁兼容加固产品的研发、生产与销售。 产品主要包括电磁兼容设备、滤波器、滤波组件、电源滤波模块等，其生产的产品主要供给一级或二级 整机装配企业或科研院所，应用于特殊装备领域。必控科技也曾作为中国航天员科研训练中心协作单 位，相关产品应用于"天宫一号"与"神舟九号"载人交会对接任务中。 ...

Core Insights - Kangda New Materials (Group) Co., Ltd. reported significant growth in its 2025 semi-annual report, with a revenue of 2.258 billion yuan, representing a year-on-year increase of 65.75% [1] - The net profit attributable to shareholders reached 51.1737 million yuan, up 190.56% year-on-year, while the net profit after deducting non-recurring items was 31.3068 million yuan, reflecting a growth of 152.62% [1] - The main driver of this performance was the adhesive and specialty resin materials business, which generated 1.987 billion yuan in revenue, a remarkable increase of 118.83%, accounting for 87.98% of total revenue [1] Business Expansion - The company is expanding its production capacity, with the Tangshan Fengnan District adhesive new materials production base entering trial production, and the Fujian Shaowu base officially in production and gradually releasing capacity based on market demand [2] - Kangda New Materials has also extended its upstream reach into the epoxy resin sector through its controlling stake in Dalian Qihua New Materials Co., Ltd., allowing for self-control of key materials while exploring related fields such as specialty resins [2] Emerging Business Segments - The electronic information materials segment has emerged as a significant support for the company's "second growth curve," with LTCC (Low-Temperature Co-Fired Ceramics) materials generating revenue of 44.5483 million yuan, marking a year-on-year increase of 66.61% [2] - A subsidiary, Shanghai Jingcai New Materials Technology Co., Ltd., has become the sole domestic supplier of a specific type of raw material tape for several new research equipment projects, indicating substantial potential for import substitution [2]

证券代码：002669 证券简称：康达新材 公告编号：2025-099 康达新材料（集团）股份有限公司 关于第四期员工持股计划存续期即将届满的提示性公告 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"）分别于2022年12月28 日召开的第五届董事会第十七次会议、2023年1月13日召开的2023年第一次临时 股东大会审议通过了《关于〈康达新材料（集团）股份有限公司第四期员工持股 计划（草案）〉及其摘要的议案》及相关议案。具体内容详见分别于2022年12 月29日和2023年1月14日披露的相关公告。 鉴于公司第四期员工持股计划的存续期将于2026年2月27日届满，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《康达新材料（集 团）股份有限公司第四期员工持股计划》（以下简称"第四期员工持股计划"、 "本员工持股计划"）的相关要求，现将公司第四期员工持股计划存续期届满前 的相关情况公告如下： 一、第四期员工持股计划基本情况 ...