11月20日，强力新材跌0.75%，成交额2.24亿元。两融数据显示，当日强力新材获融资买入额2753.37万 元，融资偿还1980.83万元，融资净买入772.54万元。截至11月20日，强力新材融资融券余额合计4.83亿 元。 融资方面，强力新材当日融资买入2753.37万元。当前融资余额4.82亿元，占流通市值的6.76%，融资余 额超过近一年80%分位水平，处于高位。 融券方面，强力新材11月20日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量5.67万股，融券余额75.35万元，超过近一年60%分位水平，处于较高位。 机构持仓方面，截止2025年9月30日，强力新材十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股593.76万股，相比上期增加379.45万股。 资料显示，常州强力电子新材料股份有限公司位于江苏省常州市武进区遥观镇钱家工业园，成立日期 1997年11月22日，上市日期2015年3月24日，公司主营业务涉及电子材料领域各类光刻胶专用电子化学 品的研发、生产和销售及相关贸易业务。主营业务收入构成为：其他用途光引发剂27.33%，PCB ...

Core Points - The Shanghai Composite Index is at 4008.92 points, above the annual line, with a change of 0.22% [1] - A total trading volume of A-shares reached 894.89 billion yuan today [1] - 39 A-shares have surpassed the annual line, with notable stocks including Hangxin Technology, Liwang Co., and Chuanfa Longmang, showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 4008.92 points, reflecting a 0.22% increase [1] - The total trading volume for A-shares today is 894.89 billion yuan [1] Stocks Surpassing Annual Line - 39 A-shares have crossed the annual line, with the highest deviation rates recorded for: - Hangxin Technology: 4.59% - Liwang Co.: 3.56% - Chuanfa Longmang: 3.27% [1] - Other stocks with smaller deviation rates include: - Jiuzhou Group - Dali Kaipu - Tiens Wind Power [1] Detailed Stock Data - Notable stocks and their performance: - Hangxin Technology: +4.52%, turnover rate 5.95%, latest price 17.34 yuan, deviation rate 4.59% [1] - Liwang Co.: +5.42%, turnover rate 5.46%, latest price 28.02 yuan, deviation rate 3.56% [1] - Chuanfa Longmang: +3.57%, turnover rate 3.12%, latest price 13.07 yuan, deviation rate 3.27% [1]

| 证券代码：300429 | 证券简称：强力新材 | 公告编号：2025-049 | | --- | --- | --- | | 债券代码：123076 | 债券简称：强力转债 | | 常州强力电子新材料股份有限公司 关于可转换公司债券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。 特别提示： 1、强力转债（债券代码：123076）将于 2025 年 11 月 19 日按面值支付第五年利 息，每 10 张强力转债（面值 1,000.00 元）利息为 20.00 元（含税）。 2、债权登记日：2025 年 11 月 18 日（星期二）。 3、付息日：2025 年 11 月 19 日（星期三）。 2、可转换公司债券代码：123076 4、除息日：2025 年 11 月 19 日（星期三）。 5、本次付息期间及票面利率：计息期间为 2024 年 11 月 19 日至 2025 年 11 月 18 日，票面利率为 2.00%。 6、强力转债本次付息的债权登记日为 2025 年 11 月 18 日，截至 2025 年 11 月 18 日下午深圳证 ...

Core Viewpoint - The stock of Strongly New Materials has experienced fluctuations, with a recent decline of 2.05% and a year-to-date increase of 11.59% [1] Company Overview - Strongly New Materials, established on November 22, 1997, and listed on March 24, 2015, is located in Changzhou, Jiangsu Province, specializing in the research, production, and sales of electronic chemical products, particularly photoresists [2] - The company's revenue composition includes: 27.33% from other-purpose photoinitiators, 18.98% from PCB photoinitiators, 17.93% from LCD photoinitiators, 11.18% from chemical raw material trading, 10.14% from PCB photoinitiator resins, 6.96% from semiconductor photoinitiators, 6.81% from other compounds, and 0.68% from other sources [2] - Strongly New Materials belongs to the electronic chemical industry, with concepts including photolithography, advanced packaging, integrated circuits, specialized and innovative enterprises, and electronic chemicals [2] Financial Performance - For the period from January to September 2025, Strongly New Materials achieved a revenue of 720 million yuan, reflecting a year-on-year growth of 3.12%, while the net profit attributable to the parent company was -24.03 million yuan, showing a year-on-year increase of 6.20% [2] - The company has distributed a total of 205 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Strongly New Materials was 54,000, a decrease of 28.22% from the previous period, with an average of 7,380 circulating shares per person, an increase of 39.31% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest, holding 5.9376 million shares, an increase of 3.7945 million shares from the previous period [3]

Core Viewpoint - The company reported a slight increase in revenue for the first three quarters of 2025, but it also faced a net loss attributed to shareholders, indicating potential challenges in profitability [1] Financial Performance - The company's operating revenue for the first three quarters reached 720 million yuan, reflecting a year-on-year growth of 3.12% [1] - The net loss attributable to shareholders was 24.03 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, amounted to 27.76 million yuan [1] - The basic loss per share was 0.0452 yuan [1]

Group 1 - The core point of the article is that Strongly New Materials (SZ 300429) announced the convening of its 19th board meeting on October 29, 2025, to review the full report for the third quarter of 2025 [1] - For the year 2024, the revenue composition of Strongly New Materials is as follows: 99.65% from electronic chemicals sales, 0.32% from technical consulting services, and 0.03% from non-electronic chemical trading [1] - As of the report date, the market capitalization of Strongly New Materials is 7.3 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a "slow bull" new pattern [1]

常州强力电子新材料股份有限公司（以下简称"公司"或"强力新材"）（证 券代码：300429，证券简称：强力新材）第五届董事会第十九次会议通知于 2025 年 10 月 23 日以直接送达、邮件及电话等方式向各位董事发出。会议于 2025 年 10 月 29 日在公司会议室以现场结合通讯表决的方式召开。会议应出席董事七名， 实际出席董事七名，其中以通讯表决方式出席会议的董事为吕芳诚、杨立、范琳、 谭文浩。会议由董事长钱晓春先生主持。本次会议的召集和召开程序符合国家有 关法律、法规及《常州强力电子新材料股份有限公司章程》等有关规定，会议合 法有效。 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、董事会会议召开情况 二、董事会会议审议情况 与会董事以投票表决的方式审议通过了以下议案： | | | 常州强力电子新材料股份有限公司 第五届董事会第十九次会议决议公告 1、第五届董事会第十九次会议决议； 2、第五届董事会审计委员会第十一次会议决议； 特此公告。 常州强力电子新材料股份有限公司 董 事 会 1、审议通过《关于公司 2025 年第三季度报告全文的议案》 经 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥262,550,558.87, an increase of 12.48% compared to the same period last year[6] - The net profit attributable to shareholders was -¥6,938,085.95, a decrease of 73.98% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,717,140.58, down 71.33% from the previous year[6] - The basic earnings per share were -¥0.0130, reflecting a decline of 74.85% compared to the same period last year[6] - The company's net profit margin is under pressure as operating costs have outpaced revenue growth, with a net loss from investments recorded at ¥664,523.58[19] - The company reported a net loss of ¥23,173,261.06 for the current period, compared to a net loss of ¥23,870,259.86 in the previous period, indicating a slight improvement[20] - Operating profit was recorded at a loss of ¥12,130,800.01, an improvement from a loss of ¥21,828,284.00 in the prior period[20] - Total revenue from operating activities was ¥685,011,694.14, up from ¥676,302,335.20 in the previous period, reflecting a growth of approximately 1.05%[21] - The company’s total comprehensive income amounted to ¥-22,969,731.61, slightly better than ¥-24,481,234.91 in the previous period[20] - Basic earnings per share improved to ¥-0.0452 from ¥-0.0497, indicating a reduction in loss per share[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,428,000,937.78, a slight increase of 0.17% from the end of the previous year[6] - The total assets of the company amounted to ¥3,428,000,937.78, slightly up from ¥3,422,313,424.81, indicating a marginal increase[18] - Non-current liabilities rose to ¥942,846,952.63 from ¥882,344,336.21, representing an increase of approximately 6.8%[17] Cash Flow - The company's cash flow from operating activities showed a net inflow of ¥16,632,342.74, down 54.52% year-to-date[6] - The net cash flow from operating activities decreased to ¥16,632,342.74 from ¥36,569,121.71, a decline of about 54.5%[21] - Cash flow from investing activities generated a net inflow of ¥65,984,857.55, down from ¥138,627,620.86 in the previous period, a decrease of approximately 52.3%[21] - Cash flow from financing activities showed a net inflow of ¥63,091,930.48, compared to a net outflow of ¥102,385,310.48 in the previous period, indicating a significant turnaround[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 54,015[12] - The top shareholder, Qian Xiaochun, holds 19.58% of shares, totaling 105,001,175 shares[12] - The second-largest shareholder, Guan Jun, owns 10.55% of shares, amounting to 56,572,388 shares[12] - The company has a total of 137,670,450 restricted shares at the end of the reporting period[13] - The repurchase account holds 4,782,243 shares, representing 0.89% of the total share capital[12] - No changes in the number of restricted shares for major shareholders during the reporting period[13] - The company has no preferred shareholders or related changes reported[13] - There are no significant changes in the top 10 shareholders due to margin trading activities[12] - The company has not disclosed any other shareholder relationships or agreements[12] Other Financial Metrics - The company's cash and cash equivalents increased significantly to ¥294,273,480.60 from ¥158,265,925.06, representing an increase of approximately 86%[16] - The company reported a decrease in management expenses to ¥66,593,077.73 from ¥76,058,280.95, a reduction of about 12.2%[19] - The company's cash flow from operating activities showed a net inflow of ¥16,632,342.74, down 54.52% year-to-date[6] - The company experienced a 530.38% increase in receivables financing, reaching ¥25,370,301.50, attributed to the endorsement transfer of bank acceptance bills[10] - The company's investment income showed a loss of -¥664,523.58, a significant decrease of 102.75% compared to the previous year, primarily due to the transfer of a subsidiary's equity[11] Reporting and Audit - The financial statements are prepared as of September 30, 2025, but specific financial data is not provided in the extracted content[15] - The company did not undergo an audit for the third quarter financial report[23]

Core Viewpoint - The company, Strongly New Materials (300429), announced on October 28 that its photosensitive polyimide (PSPI) is currently in the customer verification stage [1] Group 1 - The company's PSPI product is undergoing validation by customers [1]

Investment Rating - The report maintains an "Outperform" rating for the oil and petrochemical sector [1]. Core Viewpoints - The oil price has seen an increase due to intensified sanctions by the U.S. and Canada on Russian oil companies, with WTI crude futures rising by 6.53% and Brent crude futures by 7.09% from October 17 to October 24, 2025 [6]. - Geopolitical tensions, particularly regarding the fragile ceasefire in Gaza and the ongoing conflict between Russia and Ukraine, continue to impact oil prices [6]. - The U.S. government plans to purchase 1 million barrels of oil to replenish its strategic reserves, which may provide short-term support for oil prices [6]. - In the fluorochemical sector, the supply of popular refrigerants is tight, leading to sustained price increases, with domestic demand for refrigerants expected to rise in the fourth quarter [6]. - The semiconductor materials sector is experiencing a positive trend with inventory reduction and improving fundamentals, driven by domestic substitution [7]. Summary by Sections Oil and Petrochemicals - The report highlights the impact of U.S. sanctions on Russian oil companies and geopolitical tensions on oil prices [6]. - Basic data tracking indicates a slight decrease in U.S. commercial crude oil inventories, while gasoline and jet fuel inventories continue to decline [6][15]. - The report suggests that domestic oil companies are diversifying their oil and gas sources to reduce sensitivity to oil price fluctuations [7]. Fluorochemicals - The supply of second-generation refrigerants is decreasing due to policy restrictions, while demand for third-generation refrigerants is expected to grow, driven by government incentives [6]. - The report notes that the production of household air conditioners is projected to increase significantly in the last quarter of 2025, which will boost demand for refrigerants [6]. Semiconductor Materials - The semiconductor materials sector is witnessing an upward cycle, with inventory reduction trends and improving end-market conditions [7]. - The report recommends focusing on companies in the semiconductor materials sector that are benefiting from domestic substitution and cyclical recovery [7].