Core Insights - The stock price of Jiuwu Hi-Tech has increased by 43.26% year-to-date, with a recent decline of 0.76% over the last five trading days [1] - The company reported a significant year-on-year revenue growth of 24.37% and a net profit increase of 139.09% for the first nine months of 2025 [2] Financial Performance - As of November 13, Jiuwu Hi-Tech's stock price was 29.97 CNY per share, with a market capitalization of 3.748 billion CNY [1] - The company achieved a revenue of 374 million CNY and a net profit of 48.53 million CNY for the period from January to September 2025 [2] Shareholder Information - The number of shareholders increased by 24.63% to 25,100 as of September 30, with an average of 4,801 circulating shares per shareholder, a decrease of 19.83% [2] Business Overview - Jiuwu Hi-Tech specializes in membrane separation technology, focusing on ceramic membranes and providing integrated solutions for process separation and specialty water treatment [1] - The revenue composition includes 65.68% from materials and components, 32.89% from integrated membrane technology solutions, and 1.43% from other sources [1] Dividend Information - The company has distributed a total of 149 million CNY in dividends since its A-share listing, with 53.6 million CNY paid out in the last three years [3]

Market Overview - The environmental equipment sector rose by 0.07% on November 10, with *ST Jieneng leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - *ST Jieneng (000820) closed at 3.36, with a gain of 5.00% and a trading volume of 151,700 shares, amounting to a transaction value of 50.44 million yuan [1] - Qingda Environmental (688501) closed at 27.28, up 4.16%, with a trading volume of 19,500 shares and a transaction value of 52.61 million yuan [1] - Zhongcai Energy (603126) saw a 3.20% increase, closing at 7.75 with a trading volume of 256,300 shares [1] - Xuedilong (002658) closed at 9.73, up 3.18%, with a significant trading volume of 1.1343 million shares, resulting in a transaction value of 1.133 billion yuan [1] Fund Flow Analysis - The environmental equipment sector experienced a net outflow of 98.88 million yuan from institutional funds, while retail investors saw a net inflow of 128 million yuan [2] - The main funds showed varied net inflows and outflows across different stocks, with Longjing Environmental (600388) receiving a net inflow of 28.38 million yuan [3] - *ST Jieneng had a net inflow of 7.46 million yuan from main funds, despite a net outflow from retail investors [3]

Core Viewpoint - The stock of Jiuwu Hi-Tech has shown a significant increase of 50.24% year-to-date, despite recent fluctuations in trading performance and a net outflow of funds [1][2]. Financial Performance - For the period from January to September 2025, Jiuwu Hi-Tech achieved a revenue of 374 million yuan, representing a year-on-year growth of 24.37% [2]. - The net profit attributable to the parent company reached 48.53 million yuan, marking a substantial year-on-year increase of 139.09% [2]. - Cumulatively, the company has distributed a total of 149 million yuan in dividends since its A-share listing, with 53.6 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 29, Jiuwu Hi-Tech's stock price was 31.43 yuan per share, with a market capitalization of 3.93 billion yuan [1]. - The stock has experienced a recent decline of 0.76% over the last five trading days and a 4.56% drop over the last 20 days [1]. - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading activity) three times this year, with the latest appearance on July 18, where it recorded a net buy of 34.84 million yuan [1]. Business Overview - Jiuwu Hi-Tech, established on December 22, 1997, specializes in membrane separation technology, focusing on ceramic membranes and providing integrated solutions for process separation and specialized water treatment [2]. - The company's revenue composition includes 65.68% from materials and components, 32.89% from integrated membrane technology solutions, and 1.43% from other sources [2]. - Jiuwu Hi-Tech is categorized under the environmental protection industry, specifically in the environmental equipment sector, and is associated with concepts such as small-cap stocks, specialized and innovative enterprises, energy conservation, and new materials [2].

Core Insights - The environmental equipment sector saw a rise of 0.75% on October 28, with Henghe Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Environmental Equipment Sector Performance - Henghe Co., Ltd. closed at 28.25, up 7.37%, with a trading volume of 26,900 and a transaction value of 74.37 million [1] - Longjing Environmental Protection closed at 16.25, up 2.85%, with a trading volume of 198,400 and a transaction value of 318 million [1] - Jifeng Environment closed at 7.04, up 2.47%, with a trading volume of 418,500 and a transaction value of 296 million [1] - Other notable performers include Meiyai Technology, ST Xianhe, and Hengying Environmental Protection, with respective increases of 1.79%, 1.57%, and 1.41% [1] Capital Flow Analysis - The environmental equipment sector experienced a net outflow of 59.73 million from institutional investors and 89.15 million from retail investors, while retail investors saw a net inflow of 149 million [2][3] - Longjing Environmental Protection had a net inflow of 59.39 million from institutional investors, while Jifeng Environment and ST Xianhe also saw positive net inflows [3] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2][3]

Core Viewpoint - The company, Jiuwu High-Tech, has developed a zero-water consumption lithium extraction technology solution that significantly reduces freshwater usage during the lithium extraction process from salt lakes, addressing the water scarcity issue in highland areas where these resources are located [2]. Summary by Relevant Sections - **Technology Advantages** - The solution utilizes a new type of adsorbent and adsorption process technology, which greatly minimizes freshwater consumption during lithium extraction [2]. - The system incorporates advanced smart energy technology, intelligent control technology, adsorption-coupled membrane lithium extraction technology, and zero wastewater discharge technology, enabling industrial-scale lithium extraction without reliance on external power grids or freshwater supplies [2]. - **Addressing Water Scarcity** - The technology effectively tackles the challenge of water resource shortages in large-scale lithium resource development from salt lakes, which is often a bottleneck due to the high costs of transporting freshwater or producing freshwater from brine [2]. - The solution allows for the full reuse of wastewater generated within the system through desalination techniques, achieving internal water balance [2].

证券代码：300631 证券简称：久吾高科 公告编号：2025-060 江苏久吾高科技股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、担保情况概述 江苏久吾高科技股份有限公司（以下简称"公司"或"久吾高科"）于2025 年8月17日召开第八届董事会第十八次会议、第八届监事会第十七次会议，会议 审议通过了《关于对外担保的议案》，具体内容详见公司于2025年8月19日在巨 潮资讯网披露的《关于对外担保的公告》（公告编号：2025-042）。 二、担保进展情况 被保证人：山东公用控股有限公司 保证人：江苏久吾高科技股份有限公司 （三）担保事项 1. 久吾高科同意为山东公用控股在主保证合同项下对中行鱼台支行所承担 的保证责任提供担保。本担保的范围仅限于主保证合同所担保的主债权部分。 2. 就上条所约定的担保范围内，久吾高科以自身所持有的鱼台公用股权比 例为限承担保证责任。 近日，公司与山东公用控股有限公司（以下简称"山东公用控股"）签署了 《保证合同》。本次担保属于公司已审议通过的担保事项范围，且担保金额及担 保期限在公司审议 ...

Core Viewpoint - The company Jiuwu High-Tech has developed membrane integration technology applicable in rare earth mineral smelting processes, enhancing the efficiency and stability of extraction operations [2] Company Summary - Jiuwu High-Tech's ceramic membranes exhibit high acid and alkali resistance, corrosion resistance, and precise filtration capabilities [2] - The membranes are effective in pre-treating rare earth leachate, which significantly improves the stability of subsequent processes and extraction efficiency [2]

Core Viewpoint - Jiuwu High-Tech, a company engaged in lithium adsorbent production, confirmed that its wholly-owned subsidiary, Tibet Jiuwu, is focused on this sector [2] Company Summary - Jiuwu High-Tech's subsidiary, Tibet Jiuwu, specializes in the production of lithium adsorbents [2]

Core Insights - The company, Jiuwu High-Tech, is one of the earliest enterprises in China to focus on membrane separation technology, particularly ceramic membranes, after achieving breakthroughs in this field [2] - Over the past 20 years, the company has developed strong capabilities in the research and production of ceramic membranes, organic membranes, and lithium adsorbents [2] - In 2024, the company is set to undergo a re-evaluation as a leading enterprise in the ceramic membrane sector within the Chinese membrane industry [2] - The company plans to increase investments in product research and market expansion to enhance its market share in membrane separation materials [2]

Group 1 - The company management emphasizes a commitment to responsible governance and aims to enhance company performance while actively rewarding shareholders [2]