Core Viewpoint - The company, Dinglong Co., Ltd., anticipates a significant increase in net profit for the first three quarters of 2025, projecting a range of 501 million to 531 million yuan, representing a year-on-year growth of 33.13% to 41.10% [1] Financial Performance - The expected net profit for the third quarter of 2025 is projected to be between 190 million to 220 million yuan, indicating a year-on-year increase of 19.89% to 38.82% [1] - Cumulative operating revenue for the first three quarters of 2025 is estimated at approximately 2.677 billion yuan, with third-quarter revenue around 945 million yuan [1] - The semiconductor materials and integrated circuit chip design and application business achieved product sales revenue of approximately 1.522 billion yuan, reflecting a year-on-year growth of 40% and accounting for about 57% of total revenue [1] - The printing and copying consumables business is expected to generate product sales revenue of approximately 1.145 billion yuan, showing a slight decline year-on-year [1] - Non-recurring gains and losses for the reporting period are expected to be around 23 million yuan, primarily influenced by government subsidies [1]

I. [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) This section outlines the company's anticipated financial performance for the current period, including key profit metrics and growth projections [1. Performance Forecast Period](index=1&type=section&id=1.%20Performance%20Forecast%20Period) The company's performance forecast covers the period from **January 1, 2025**, to **September 30, 2025** - The performance forecast period is from **January 1, 2025**, to **September 30, 2025**[2](index=2&type=chunk) [2. Performance Forecast Overview](index=1&type=section&id=2.%20Performance%20Forecast%20Overview) The company anticipates positive net profit, showing a year-over-year increase compared to the same period last year - Net profit is expected to be positive and show a year-over-year increase[2](index=2&type=chunk) [3. Performance Forecast Tables](index=1&type=section&id=3.%20Performance%20Forecast%20Tables) Detailed tables present the estimated net profit attributable to shareholders and non-recurring net profit for Q1-Q3 and Q3 2025, along with their year-over-year growth ranges [(1) 2025 Q1-Q3 Performance Forecast](index=1&type=section&id=(1)%202025%20Q1-Q3%20Performance%20Forecast) 2025 Q1-Q3 Performance Forecast | Item | Current Period (CNY '0,000) | Prior Year Same Period (CNY '0,000) | Year-over-Year Growth | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | **50,100 — 53,100** | **37,632.27** | **33.13% — 41.10%** | | Net Profit Excluding Non-Recurring Items | **47,800 — 50,800** | **34,337.85** | **39.20% — 47.94%** | [(2) 2025 Q3 Performance Forecast](index=1&type=section&id=(2)%202025%20Q3%20Performance%20Forecast) 2025 Q3 Performance Forecast | Item | 2025 Q3 (CNY '0,000) | Prior Year Same Period (CNY '0,000) | Year-over-Year Growth | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | **19,000 — 22,000** | **15,848.22** | **19.89% — 38.82%** | | Net Profit Excluding Non-Recurring Items | **18,429 — 21,429** | **14,670.48** | **25.62% — 46.07%** | II. [Communication with Accounting Firm](index=2&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The performance forecast data represents preliminary calculations by the company's finance department and has not yet been audited by an accounting firm - Performance forecast data is a preliminary estimate by the company's finance department, unaudited by an accounting firm[5](index=5&type=chunk) III. [Explanation of Performance Changes](index=2&type=section&id=III.%20Explanation%20of%20Performance%20Changes) This section details the factors contributing to the company's performance variations, including business segment contributions and non-recurring items [1. 2025 Q1-Q3 Operating Performance](index=2&type=section&id=1.%202025%20Q1-Q3%20Operating%20Performance) The company's Q1-Q3 operating revenue was approximately **CNY 2.677 billion**, with net profit attributable to shareholders estimated between **CNY 501 million** and **CNY 531 million**, driven by strong growth in semiconductor materials and a slight decline in traditional printing consumables - The company is positioned as a leading platform enterprise for core innovative materials in critical high-growth sectors, focusing on semiconductor innovative materials[6](index=6&type=chunk) 2025 Q1-Q3 and Q3 Key Operating Data | Metric | 2025 Q1-Q3 | 2025 Q3 | Trend | | :--- | :--- | :--- | :--- | | Operating Revenue | Approx. **CNY 2.677 billion** | Approx. **CNY 945 million** | - | | Net Profit Attributable to Shareholders | **CNY 501 million - 531 million** | **CNY 190 million - 220 million** | Q3 Quarter-over-Quarter Growth **11.73%-29.37%** | | | | | Q3 Year-over-Year Growth **19.89%-38.82%** | [(1) Semiconductor Materials and IC Chip Design & Application Business](index=2&type=section&id=(1)%20Semiconductor%20Materials%20and%20IC%20Chip%20Design%20%26%20Application%20Business) Key Semiconductor Business Data | Metric | 2025 Q1-Q3 | 2025 Q3 | Trend | | :--- | :--- | :--- | :--- | | Product Sales Revenue | Approx. **CNY 1.522 billion** | Approx. **CNY 580 million** | Year-over-Year Growth **40%** (Q1-Q3) | | Share of Total Revenue | Approx. **57%** | - | Increased | | CMP Polishing Pad Revenue | Year-over-Year Growth **51%** | - | Rapid concurrent growth | | CMP Slurry and Cleaning Solution Revenue | Year-over-Year Growth **42%** | - | Rapid concurrent growth | | Semiconductor Display Material Revenue | Year-over-Year Growth **47%** | - | Rapid concurrent growth | | Q3 Single Quarter Revenue | Approx. **CNY 580 million** | - | Year-over-Year Growth **28%** | | | | | Quarter-over-Quarter Growth **17%** | - Validation testing and market expansion for semiconductor advanced packaging materials and wafer photoresist businesses are progressing steadily and meeting expectations[6](index=6&type=chunk) [(2) Printing and Copying Consumables Business](index=2&type=section&id=(2)%20Printing%20and%20Copying%20Consumables%20Business) Key Printing and Copying Consumables Business Data | Metric | 2025 Q1-Q3 | Trend | | :--- | :--- | :--- | | Product Sales Revenue | Approx. **CNY 1.145 billion** | Slight Year-over-Year Decrease | - Traditional consumables business faces short-term pressure due to fluctuating market demand, slow industry recovery, and overall market sentiment[7](index=7&type=chunk) - The company will address market changes by strengthening cost and expense control, optimizing product structure, and improving operational efficiency[7](index=7&type=chunk) [2. Impact of Non-Recurring Items](index=2&type=section&id=2.%20Impact%20of%20Non-Recurring%20Items) Non-recurring items for the current period are estimated at approximately **CNY 23 million**, primarily from government subsidies, representing a decrease from the prior year Non-Recurring Items Overview | Metric | Current Period (CNY '0,000) | Prior Year Same Period (CNY '0,000) | Primary Components | | :--- | :--- | :--- | :--- | | Non-Recurring Items | Approx. **2,300** | **3,294.41** | Government Subsidies | IV. [Other Relevant Information](index=2&type=section&id=IV.%20Other%20Relevant%20Information) This performance forecast is a preliminary, unaudited estimate; final financial data will be based on the company's official Q3 report, and investors are advised to exercise caution - This performance forecast is a preliminary estimate by the finance department, unaudited by an auditing firm[8](index=8&type=chunk) - Specific financial data will be subject to the company's officially disclosed 2025 Q3 report[8](index=8&type=chunk) - Investors are advised to make prudent decisions and be aware of investment risks[8](index=8&type=chunk)[9](index=9&type=chunk) V. [Documents for Reference](index=3&type=section&id=V.%20Documents%20for%20Reference) Documents for reference include the Board of Directors' explanatory statement regarding the current period's performance forecast - The document for reference is the Board of Directors' explanatory statement on the current period's performance forecast[10](index=10&type=chunk)

Investment Rating - The report maintains a "Positive" rating for the chemical industry [5][6][20] Core Insights - The petrochemical industry is expected to see stable growth due to the introduction of policies aimed at enhancing industry health and eliminating outdated capacity [5][6] - The demand for viscose filament is anticipated to tighten, leading to an upward trend in prices, while the grass herbicide market is expected to optimize its structure [5][6] - The global GDP growth is projected to remain at 2.8%, with stable oil demand despite some slowdown due to tariff policies [5][6] Industry Dynamics - Oil supply is expected to increase significantly, driven by non-OPEC production, while demand remains stable [5][6] - The coal market is anticipated to experience long-term price stabilization, with easing pressures on downstream sectors [5][6] - Natural gas exports from the U.S. are likely to accelerate, potentially lowering import costs [5][6] Chemical Sector Analysis - The report highlights that the viscose filament industry will see a supply-demand tightening, with a projected increase in operating rates from 84% to over 95% [5][6] - The grass herbicide market is set to address issues of low pricing and quality through upcoming industry meetings aimed at regulating competition [5][6] Investment Recommendations - The report suggests focusing on sectors benefiting from the "anti-involution" policy, including textiles, agriculture, and export-related chemicals [5][6] - Specific companies to watch include Xinxiang Chemical Fiber, Jilin Chemical Fiber, and Lier Chemical, which are expected to benefit from market dynamics [5][6][20] Key Company Valuations - The report provides a valuation table for key companies, indicating various ratings such as "Buy" and "Increase" for companies like Hailir Chemical, Yunnan Chemical, and Wanhu Chemical [20]

Core Viewpoint - Dinglong Co., Ltd. has shown significant stock performance with a year-to-date increase of 39.20%, driven by its core business in semiconductor materials and printing consumables [1][2]. Financial Performance - For the first half of 2025, Dinglong Co., Ltd. achieved a revenue of 1.732 billion yuan, representing a year-on-year growth of 14.00%, and a net profit attributable to shareholders of 311 million yuan, which is a 42.78% increase compared to the previous year [2]. - The company has distributed a total of 476 million yuan in dividends since its A-share listing, with 141 million yuan distributed over the last three years [3]. Shareholder Information - As of August 29, 2025, the number of shareholders increased to 43,000, up by 13.16%, while the average circulating shares per person decreased by 11.55% to 17,088 shares [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 35.2352 million shares, a decrease of 2.2701 million shares from the previous period [3]. Stock Performance - As of September 26, 2025, Dinglong Co., Ltd.'s stock price was 36.08 yuan per share, with a market capitalization of 34.148 billion yuan [1]. - The stock has seen a recent increase of 8.64% over the last five trading days and 14.83% over the last twenty days [1]. Business Overview - Dinglong Co., Ltd. is primarily engaged in the business of printing consumables and optoelectronic semiconductor materials, with 99.47% of its revenue coming from semiconductor materials, chips, and printing consumables [1]. - The company is classified under the electronic industry, specifically in electronic chemicals [1].

证券代码：300054 证券简称：鼎龙股份 公告编号：2025-067 债券代码：123255 债券简称：鼎龙转债 湖北鼎龙控股股份有限公司 关于控股股东部分股份质押及解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 湖北鼎龙控股股份有限公司（以下简称"公司"）于近日收到本公司控股股 东、共同实际控制人之一--朱顺全先生的函告，获悉朱顺全先生所持有本公司的 部分股份办理了质押及解除质押的业务，具体事项如下： 三、控股股东股份累计质押的情况 截至本公告披露日，公司控股股东朱顺全先生及其一致行动人所持质押股份 情况如下： 注：截至 2025 年 9 月 24 日，公司 2024 年股票期权激励计划第一个行权期可行权的 9,775,200 股已行权 8,171,438 股，公司总股本由 938,282,591 股变更为 946,454,029 股。（同下表） 二、控股股东本次股份解除质押的基本情况 | | | 股东 名称 是否 为控 股股 东或 第一 大股 东及 其一 致行 动人 本次 质押 数量 （股） 占其 所持 股份 比例 占公 司总 股本 比 ...

Group 1 - Dinglong Co., Ltd. announced that as of the date of the announcement, Zhu Shunquan has pledged a total of 3.8 million shares, accounting for 2.75% of his total shareholding [1] - Zhu Shuangquan has pledged a total of 13 million shares, representing 9.34% of his total shareholding [1] Group 2 - On the anniversary of "9.24", the total market value of A-shares has surpassed 116 trillion yuan, indicating significant growth in the Chinese capital market [1]

证券代码：300054 证券简称：鼎龙股份 公告编号：2025-066 债券代码：123255 债券简称：鼎龙转债 湖北鼎龙控股股份有限公司 关于鼎龙转债开始转股的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 特别提示： 根据《湖北鼎龙控股股份有限公司向不特定对象发行可转换公司债券募集 说明书》（以下简称"募集说明书"）约定，公司本次发行的可转换公司债券 相关条款如下： 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会《关于同意湖北鼎龙控股股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2025〕477 号）核准， 湖北鼎龙控股股份有限公司（以下简称"公司"）于 2025 年 4 月 2 日向不特定 对象发行面值总额 91,000 万元可转换公司债券，期限 6 年，每张面值为人民币 100 元，发行数量 9,100,000 张，募集资金总额为人民币 91,000 万元。扣除发行 费 用 人 民 币 1,288.219914 万 元 （ 不 含 税 ） 后 ， 募 集 资 金 净 额 为 人 ...

（文章来源：证券时报网） 数据宝统计，截至13:28，鼎龙股份成交额19.03亿元，创2024年10月10日以来新高。最新股价上涨 8.77%，换手率7.19%。上一交易日该股全天成交额为12.02亿元。（数据宝） ...

Group 1 - The core viewpoint of the news is that Dinglong Co., Ltd. has seen a significant increase in its stock price, with a rise of 5.63% to 36.60 CNY per share, and a total market capitalization of 34.593 billion CNY [1] - Dinglong Co., Ltd. is primarily engaged in the business of printing and copying consumables and optoelectronic semiconductor process materials, with 99.47% of its revenue coming from semiconductor materials, chips, and printing consumables [1] - The company was established on July 11, 2000, and went public on February 11, 2010, indicating a long-standing presence in the market [1] Group 2 - Dongcai Fund has a significant holding in Dinglong Co., Ltd., with its fund, Dongcai Times Preferred Mixed Initiation A (017857), being the largest shareholder, holding 28,000 shares, which represents 7.43% of the fund's net value [2] - The fund has seen a year-to-date return of 37.59% and a one-year return of 81.05%, ranking 2009 out of 8173 and 1239 out of 7996 in its category, respectively [2] - The fund manager, Feng Jiebo, has been in charge for 316 days, achieving a best return of 92.42% during his tenure [3]

Market Performance - The electronic chemicals sector rose by 2.06% on September 22, with Weiteou leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Top Gainers - Weiteou (301319) closed at 42.08, with a significant increase of 19.99% and a trading volume of 158,600 shares, amounting to a transaction value of 633 million [1] - Other notable gainers include: - Siquan New Materials (301489) at 267.98, up 11.75% [1] - Dinglong Co., Ltd. (300054) at 35.10, up 5.69% [1] - Nanda Optoelectronics (300346) at 37.72, up 4.63% [1] Market Capital Flow - The electronic chemicals sector saw a net inflow of 15.1 million from institutional investors, while retail investors experienced a net outflow of 24.2 million [2] - The sector's overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Nanda Optoelectronics (300346) had a net inflow of 25.2 million from institutional investors, while retail investors saw a net outflow of 23.1 million [3] - Zhongshi Technology (300684) experienced a net inflow of 15.8 million from institutional investors, with retail investors facing a net outflow of 16.4 million [3] - Shanghai Xinyang (300236) had a net inflow of 43.1 million from institutional investors, while retail investors saw a net outflow of 62.9 million [3]