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].

Core Viewpoint - The stock of Strongly New Materials has shown fluctuations in price and trading volume, with a notable increase in net inflow of funds, indicating potential investor interest despite recent declines in stock price [1][2]. Company Overview - Strongly New Materials, established on November 22, 1997, and listed on March 24, 2015, is located in Changzhou, Jiangsu Province. The company specializes 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, and other segments contributing smaller percentages [2]. Financial Performance - For the first half of 2025, Strongly New Materials reported a revenue of 458 million yuan, a year-on-year decrease of 1.58%. The net profit attributable to the parent company was -17.09 million yuan, reflecting a significant decline of 1733.02% [2]. - The company has distributed a total of 205 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Strongly New Materials was 75,300, an increase of 20.23% from the previous period. The average number of circulating shares per shareholder was 5,297, a decrease of 16.83% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 2.1431 million shares, a reduction of 830,100 shares compared to the previous period [3].

Core Points - Strongly New Materials announced the transfer of 4.782243 million shares to the 2025 Employee Stock Ownership Plan, representing 0.89% of the total share capital [2] Summary by Sections - **Share Transfer Details** - The company received a confirmation from China Securities Depository and Clearing Corporation Limited Shenzhen Branch regarding the transfer of shares [2] - The shares were transferred at a price of 7.41 yuan per share [2] - The transfer occurred on October 17, 2025 [2]

| 证券代码：300429 | 证券简称：强力新材 | 公告编号：2025-046 | | --- | --- | --- | | 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 2025 年员工持股计划非交易过户完成的公告 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。 常州强力电子新材料股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日召开公司第五届董事会第十八次会议，审议通过了《关于<常州强力电子新材 料股份有限公司 2025 年员工持股计划（草案）>及其摘要的议案》及相关议案， 并于 2025 年 9 月 16 日召开公司 2025 年第一次临时股东大会，审议通过了《关 于<常州强力电子新材料股份有限公司 2025 年员工持股计划（草案）>及其摘要 的议案》及相关议案。具体内容详见公司分别于 2025 年 8 月 28 日、2025 年 9 月 16 日在巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》及《深圳证券交易 所上 ...

Market Overview - As of 14:00, the Shanghai Composite Index is at 3859.80 points, with an increase of 0.52% [1] - The total trading volume of A-shares today is 1,431.28 billion yuan [1] Technical Analysis - A total of 84 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - The stocks with the largest distance between their 5-day and 10-day moving averages include: - Yunnan Zhenye: 5-day MA is -2.45% below the 10-day MA [1] - Qiangli New Materials: 5-day MA is -2.22% below the 10-day MA [1] - Feirongda: 5-day MA is -2.14% below the 10-day MA [1] Individual Stock Performance - Yunnan Zhenye (002428): Today's change is -0.93%, with a 5-day MA of 27.71 yuan and a 10-day MA of 28.41 yuan [1] - Qiangli New Materials (300429): Today's change is +0.53%, with a 5-day MA of 13.95 yuan and a 10-day MA of 14.26 yuan [1] - Feirongda (300602): Today's change is +1.03%, with a 5-day MA of 33.00 yuan and a 10-day MA of 33.72 yuan [1] - Other notable stocks include: - Warner Pharmaceuticals (688799): Today's change is +0.43%, with a 5-day MA of 55.41 yuan [1] - Blue Ying Equipment (300293): Today's change is +0.34%, with a 5-day MA of 24.48 yuan [1] Additional Stock Data - The following stocks also show a downward trend in their 5-day moving averages compared to their 10-day moving averages: - Nanya New Materials (688519): -0.90% change, 5-day MA of 74.18 yuan [1] - Aerospace Morning Light (600501): -2.84% change, 5-day MA of 23.60 yuan [1] - Haichen Pharmaceutical (300584): +1.92% change, 5-day MA of 57.39 yuan [1]

Market Overview - The Shanghai Composite Index closed at 3866.09 points, with a gain of 0.69% and a total trading volume of 1,170.861 billion yuan [1]. Stocks with Death Cross - A total of 78 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1]. - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Yunnan Zhenye (002428) with a distance of -2.35% [1] - Qiangli New Materials (300429) with a distance of -2.18% [1] - Feirongda (300602) with a distance of -2.02% [1]. Individual Stock Performance - Yunnan Zhenye (002428) had a slight increase of 0.15% today, with a latest price of 26.86 yuan, which is 5.56% below the 10-day moving average [1]. - Qiangli New Materials (300429) rose by 0.98%, with a latest price of 13.34 yuan, 6.51% below the 10-day moving average [1]. - Feirongda (300602) increased by 2.29%, with a latest price of 31.67 yuan, 6.19% below the 10-day moving average [1]. Additional Stocks with Notable Movements - Other stocks with significant movements include: - Blue Ying Equipment (300293) increased by 0.82%, latest price at 23.44 yuan, 6.20% below the 10-day moving average [1]. - Construction Industry (002265) rose by 0.78%, latest price at 28.29 yuan, 6.11% below the 10-day moving average [1]. - Warner Pharmaceuticals (688799) increased by 1.79%, latest price at 52.40 yuan, 7.49% below the 10-day moving average [1].