Financial Performance - Revenue for Q3 2025 reached ¥1,116,927,679.33, an increase of 10.02% year-over-year[4] - Net profit attributable to shareholders was ¥73,406,102.36, representing a significant increase of 179.06% compared to the same period last year[4] - The basic earnings per share (EPS) rose to ¥0.1336, up 178.91% year-over-year[4] - For the first three quarters of 2025, the company achieved operating revenue of CNY 328,540.21 million, representing a year-on-year growth of 8.49%[16] - The net profit attributable to shareholders of the listed company was CNY 21,592.10 million, an increase of 32.38% year-on-year[16] - The net profit attributable to shareholders after deducting non-operating gains and losses was CNY 18,172.54 million, up 60.37% year-on-year[16] - Total operating revenue for the current period reached CNY 3,285,402,146.43, an increase of 8.4% compared to CNY 3,028,302,815.86 in the previous period[22] - Net profit for the current period was CNY 218,852,970.52, representing a 33.7% increase from CNY 163,645,975.15 in the previous period[23] - Basic earnings per share increased to CNY 0.3884 from CNY 0.2935, reflecting a growth of 32.3%[24] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥6,714,178,774.12, reflecting a 1.82% increase from the end of the previous year[4] - Total assets as of the end of the reporting period were CNY 6,714,178,774.12, compared to CNY 6,593,991,916.26 at the end of the previous period[20] - Total liabilities decreased to CNY 3,606,082,853.38 from CNY 3,702,912,224.81, a reduction of 2.6%[20] - Non-current liabilities totaled CNY 1,080,774,261.97, an increase from CNY 1,023,274,782.27, marking a rise of 5.6%[20] - The company's total equity increased to CNY 3,108,095,920.74 from CNY 2,891,079,691.45, reflecting a growth of 7.5%[20] Cash Flow - Cash flow from operating activities for the year-to-date was ¥143,220,067.91, an increase of 23.50%[4] - Operating cash inflow for the current period reached ¥2,346,468,188.59, an increase of 9.15% compared to ¥2,149,973,114.33 in the previous period[25] - Net cash flow from operating activities was ¥143,220,067.91, up 23.5% from ¥115,967,971.44 in the prior period[25] - Cash inflow from investment activities totaled ¥2,301,186,634.78, significantly higher than ¥1,026,135,572.06 in the previous period[26] - Net cash flow from investment activities was -¥127,434,483.70, an improvement from -¥393,336,603.99 in the prior period[26] - Cash inflow from financing activities amounted to ¥897,337,114.71, compared to ¥750,000,000.00 in the previous period, reflecting a 19.7% increase[26] - Net cash flow from financing activities was -¥56,470,481.44, a decline from ¥61,910,701.33 in the prior period[26] - The ending balance of cash and cash equivalents was ¥520,038,681.33, up from ¥413,242,058.69 in the previous period[26] - The company received ¥2,251,568,949.49 from investment recoveries, a substantial increase from ¥1,014,669,588.36 in the previous period[26] - Total cash outflow for investment activities was ¥2,428,621,118.48, compared to ¥1,419,472,176.05 in the previous period[26] - The company reported a cash inflow of ¥49,604,432.95 from tax refunds, an increase from ¥35,129,832.77 in the previous period[25] Investments and Expenses - The company reported a 101.09% increase in receivables financing, totaling ¥197,970,978.17, due to an increase in bank acceptance bills[8] - Long-term equity investments increased by 127.22% to ¥159,132,554.00, attributed to investments in joint ventures[8] - The company experienced a 37.91% rise in selling expenses, totaling ¥158,273,898.05, primarily due to increased salaries and business consulting fees[9] - The net cash flow from investing activities improved by 67.60%, with a net outflow of ¥127,434,483.70[9] - The company reported a 286.43% increase in fair value gains, amounting to ¥5,129,183.54, due to increased fair value changes from financial products[9] - Research and development expenses for the current period were CNY 135,948,423.89, up from CNY 121,418,274.45, indicating a 12.0% increase[22] - Investment income for the current period was CNY 18,571,491.27, slightly up from CNY 17,582,132.00, showing a growth of 5.6%[22] Market and Product Development - The company’s core product sales, including electronic adhesives, automotive adhesives, photovoltaic adhesives, and packaging adhesives, showed steady growth, with significant market share expansion[16] - New product market expansion was notable, with breakthroughs in lithium battery negative electrode adhesives, high thermal conductivity adhesives, UV welding tapes, and high barrier packaging adhesives[16] - The company is focusing on technological innovation to drive product upgrades and accelerate digital transformation[15] - The company’s operational resilience has been further strengthened through improved operational efficiency and cost control capabilities[15]

Group 1 - The company is currently advancing the construction and equipment procurement for its new production line in Yicheng, which is expected to have an annual output of 51,000 tons of lithium battery negative electrode adhesive (PAA) [2] - The overall project is anticipated to be completed by December 31, 2026 [2] - The company has already supplied its lithium battery negative adhesive (PAA) to leading customers in the power battery industry [2]

特别提示： 湖北回天新材料股份有限公司 关于回天转债 2025 年付息的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 | 证券代码：300041 | 证券简称：回天新材 | 公告编号：2025-58 | | --- | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | | 债券代码：123165 债券简称：回天转债 1、"回天转债"（债券代码：123165）将于 2025 年 10 月 27 日按面值支付第 三年利息，每 10 张"回天转债"（面值 1,000.00 元）利息为 10.00 元（含税）。 2、债权登记日：2025 年 10 月 24 日（星期五） 3、除息日：2025 年 10 月 27 日（星期一） 4、付息日：2025 年 10 月 27 日（星期一） 5、本次付息期间及票面利率：计息期间为 2024 年 10 月 27 日至 2025 年 10 月 26 日，票面利率为 1.00%。 6、"回天转债"本次付息的债权登记日为 2025 年 10 月 24 日，凡在 2025 年 10 月 24 日（含） ...

Core Insights - On October 16, Hubei Kaitian New Materials Co., Ltd. experienced a stock decline of 2.73%, with a trading volume of 332 million yuan [1] - The company reported a financing buy-in of 48.02 million yuan and a financing repayment of 59.85 million yuan, resulting in a net financing outflow of 11.83 million yuan on the same day [1] - As of October 16, the total balance of margin trading for the company was 459 million yuan, which accounts for 6.99% of its circulating market value, indicating a high level of financing [1] Financing and Margin Trading - The financing buy-in for Hubei Kaitian on October 16 was 48.02 million yuan, with a current financing balance of 459 million yuan, exceeding the 90th percentile level over the past year [1] - In terms of securities lending, there were no shares repaid or sold on October 16, with a lending balance of 0.00 yuan, indicating a low level of short selling activity [1] Company Overview - Hubei Kaitian New Materials Co., Ltd. was established on September 3, 1998, and went public on January 8, 2010 [1] - The company's main business includes the research, development, and production of fine chemical products such as adhesives and automotive brake fluids [1] - The revenue composition of the company is as follows: silicone rubber 50.98%, polyurethane adhesive 28.57%, other adhesives 19.82%, and others 0.63% [1] Financial Performance - As of June 30, the number of shareholders for Hubei Kaitian was 34,100, a decrease of 11.30% from the previous period [2] - The average number of circulating shares per person increased by 12.74% to 15,966 shares [2] - For the first half of 2025, the company achieved a revenue of 2.168 billion yuan, representing a year-on-year growth of 7.72%, and a net profit attributable to shareholders of 143 million yuan, up 4.18% year-on-year [2] Dividend Distribution - Since its A-share listing, Hubei Kaitian has distributed a total of 871 million yuan in dividends, with 202 million yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, holding 14.75 million shares, an increase of 2.15 million shares from the previous period [3]

| 证券代码：300041 | 证券简称：回天新材 | 公告编号：2025-57 | | --- | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | | 湖北回天新材料股份有限公司 关于 2025 年第三季度可转债转股结果暨股份变动公告 2023年5月15日，公司披露了《关于调整"回天转债"转股价格的公告》（公 告编号：2023-46），因公司实施2022年度权益分派，向全体股东每10股派发现 金红利1.50元（含税），并以资本公积金向全体股东每10股转增3股，除权除息 日为2023年5月22日。根据《募集说明书》等有关规定，"回天转债"转股价格 自2023年5月22日起由20.21元/股调整为15.45元/股。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、可转债转股情况：截至 2025 年 9 月 30 日，累计共有面值总额为 24.53 万元的"回天转债"转换成公司普通股股票，累计转股股数为 15,673 股，占回 天转债转股前公司已发行普通股股份总额的 0.0036%。 2、未转股可转债情况：截至 20 ...

Core Insights - The Hubei Provincial Federation of Industry and Commerce announced the list of the top 100 private enterprises and manufacturing companies in Hubei for 2025, highlighting several chemical companies [1] Group 1: Top Private Enterprises - The chemical companies listed among the top 100 private enterprises in Hubei include: - Jinao Technology (Hubei) Chemical Co., Ltd. - Hubei Sanning Chemical Co., Ltd. - Xinyangfeng Agricultural Technology Co., Ltd. - Huachuang Chemical Group Co., Ltd. - Hubei Eco Engineering Co., Ltd. - Yingcheng Xindu Chemical Co., Ltd. - Hubei Xiangyun (Group) Chemical Co., Ltd. - Jiasili (Jingzhou) Fertilizer Co., Ltd. - Hubei Zhenhua Chemical Co., Ltd. [1] Group 2: Top Manufacturing Enterprises - The chemical companies listed among the top 100 manufacturing enterprises in Hubei include: - Jinao Technology - Sanning Chemical - Xinyangfeng - Huachuang Chemical - Eco Engineering - Xindu Chemical - Xiangyun Co. - Jiasili (Jingzhou) Fertilizer - Zhenhua Chemical - Hubei Huitian New Materials Co., Ltd. - Longbai Xiangyang Titanium Industry Co., Ltd. - Jingmen Xinyangfeng Phosphate Fertilizer Co., Ltd. - Yuntu New Energy Materials (Jingzhou) Co., Ltd. - Wuhan Jinfat Technology Co., Ltd. - Wuhan Organic Industry Co., Ltd. - Yichang Eco Engineering Co., Ltd. - Hubei Linglong Tire Co., Ltd. - Jiasili (Yingcheng) Fertilizer Co., Ltd. [1] Group 3: Additional Information - The threshold for entering the top 100 private enterprises in Hubei for 2025 is set at an operating income of 4.03 billion yuan [1]

Core Insights - The PVDF concept sector saw an increase of 2.76%, ranking 9th among concept sectors, with 14 stocks rising, including Duofluor and Juhua, which rose by 9.98% and 7.99% respectively [1][2] Sector Performance - The top-performing sectors today included: - Zinc: +3.68% - Nickel: +3.65% - Lead: +3.61% - PVDF: +2.76% [2] Capital Flow - The PVDF sector experienced a net inflow of 649 million yuan, with 9 stocks receiving net inflows, and 6 stocks exceeding 10 million yuan in net inflow. Duofluor led with a net inflow of 497 million yuan [2][3] - The net inflow ratios for leading stocks were: - Duofluor: 46.70% - Juhua: 6.71% - Huayicong: 8.27% [3] Stock Performance - Key stocks in the PVDF sector included: - Duofluor: +9.98%, turnover rate 5.11%, net inflow 496.63 million yuan, net inflow ratio 46.70% - Juhua: +7.99%, turnover rate 2.66%, net inflow 184.03 million yuan, net inflow ratio 6.71% - Huayicong: +6.47%, turnover rate 9.80%, net inflow 51.76 million yuan, net inflow ratio 8.27% [3][4]

Core Viewpoint - The company, Kytan New Materials, has confirmed that its semiconductor packaging adhesive products are being utilized in advanced packaging fields, including 3D packaging and chip stacking, meeting high customer requirements in these areas [2]. Group 1 - The company offers a series of semiconductor packaging adhesive products, including underfill, TIM, and LID bonding [2]. - These products have been applied in advanced packaging types, indicating the company's involvement in cutting-edge technology [2]. - The company emphasizes its ability to precisely match customer demands in the advanced packaging segment [2].

| 证券代码：300041 | 证券简称：回天新材 | 公告编号：2025-56 | | --- | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | | 湖北回天新材料股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、担保情况概述 （一）已经审批的年度担保额度 湖北回天新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召 开的第十届董事会第二次会议及 2025 年 5 月 19 日召开的 2024 年年度股东大会 审议通过了《关于 2025 年度公司（含子公司）融资规模和为子公司担保额度的 议案》，为了满足公司及子公司经营发展的需要，同意公司及纳入公司合并报表 范围的子公司 2025 年拟向银行等金融机构申请不超过人民币 25 亿元（含 25 亿 元）融资额度，公司为部分全资/控股子公司及前述子公司之间向银行等金融机 构申请贷款、保函、银行承兑汇票、商业承兑汇票、信用证等融资事项提供不超 过人民币 20 亿元（含 20 亿元）的担保。上述融资及担保额度授权的有 ...

Core Insights - The silicone adhesive market in China is projected to grow from 1.387 million tons in 2023 to 1.478 million tons in 2024, representing a year-on-year increase of 6.6% [5][7] - The sales revenue for silicone adhesives is expected to reach 20.37 billion yuan in 2024, marking a 4.7% increase compared to 2023 [7] - The average selling price of silicone adhesives is anticipated to decline to 13,800 yuan per ton in 2024 due to a sluggish real estate market and intense competition [7] Market Overview - Silicone adhesives, also known as organic silicone sealants, are high-elasticity sealing materials with excellent weather resistance, temperature tolerance (-40℃ to 150℃), electrical insulation, and hydrophobic properties [2][5] - The demand structure is diversifying, with green buildings, new energy applications (such as photovoltaic packaging and battery sealing), and consumer upgrades (eco-friendly home decoration) identified as core growth drivers [5][12] Application Segmentation - The construction industry remains the largest consumer of silicone adhesives, accounting for approximately 62% of total demand in 2024, with a projected consumption of 916,000 tons, up 4.5% year-on-year [10][11] - The new energy sector is the second-largest application area, expected to consume 384,000 tons of silicone adhesives in 2024, reflecting an 11.4% increase, primarily driven by the photovoltaic sector [12][13] Industry Chain - The silicone adhesive industry chain consists of upstream raw materials (silicone rubber, crosslinking agents), midstream production, and downstream applications across various sectors including construction, new energy, electronics, and transportation [8][10] - The industry is experiencing increased competition and a growing number of production enterprises, with a trend towards global expansion and participation in international standard-setting [8][10] Future Trends - The industry is expected to benefit from dual drivers of policy support and market demand, particularly in the construction sector, where green building standards and prefabricated construction are anticipated to boost demand for high-performance silicone products [14] - Innovations in technology and materials, such as eco-friendly and bio-based alternatives, are likely to accelerate the transition towards higher-value products, while leading companies are focusing on cost reduction and global market expansion [14][15]