Group 1 - The company Longi Magnet Technology (龙磁科技) announced that it will hold a semi-annual performance briefing on September 10, 2025, from 15:00 to 16:30 on the Value Online platform [1]

证券代码：300835 证券简称：龙磁科技 公告编号：2025-039 安徽龙磁科技股份有限公司 四、联系方式 联系人：王慧 电话：0551-62865268 邮箱：iris@sinomagtech.com 关于举办2025年半年度业绩说明会的公告 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。 安徽龙磁科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日在 巨潮资讯网（www.cninfo.com.cn）上披露了 2025 年半年度报告全文及其摘要。 为让广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司将在 价值在线平台（https://www.ir-online.cn）举办 2025 年半年度业绩说明会。现将 相关事项公告如下： 一、业绩说明会召开时间：2025 年 9 月 10 日（星期三）下午 15:00-16:30。 二、出席本次年度业绩说明会的人员：公司董事、总经理熊咏鸽先生；董事 会秘书、副总经理冯加广先生；独立董事左毅先生；财务总监卢玉平先生（如遇 特殊情况，参会人员可能进行调整）。 三、召开方式：本次业绩说明 ...

Market Performance - The metal new materials sector increased by 3.25% on September 5, with Longmag Technology leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Longmag Technology (300835) closed at 61.52, up 7.50% with a trading volume of 67,100 shares and a transaction value of 401 million yuan [1] - Huaitong New Materials (833751) closed at 23.71, up 7.14% with a trading volume of 69,300 shares and a transaction value of 161 million yuan [1] - Shenzhen New Star (603978) closed at 16.78, up 6.27% with a trading volume of 89,400 shares and a transaction value of 147 million yuan [1] - Other notable performers include Ni'an New Materials (688786) up 5.54%, and Bowei Taijin (601137) up 5.50% [1] Capital Flow Analysis - The metal new materials sector saw a net inflow of 274 million yuan from institutional investors, while retail investors experienced a net outflow of 288 million yuan [1] - The table of capital flow indicates that Bowei Taijin (601137) had a net inflow of 17.5 million yuan from institutional investors, while retail investors had a net outflow of 15.4 million yuan [2] - Other companies like Jinli Yongci (300748) and Xinke Materials (600255) also showed varying degrees of net inflow and outflow from different investor categories [2]

Market Overview - On September 4, the metal new materials sector declined by 3.05%, with Jiangnan New Materials leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Individual Stock Performance - Jiangnan New Materials (603124) closed at 80.06, down 6.22% with a trading volume of 41,800 and a transaction value of 345 million [2] - Other notable declines include: - Jinli Permanent Magnet (300748) down 5.28% to 35.50 with a volume of 901,200 [2] - Sry New Materials (688102) down 5.21% to 14.92 with a volume of 166,100 [2] - Conversely, Huaitong New Materials (833751) increased by 2.36% to 22.13, with a trading volume of 39,700 [1] Capital Flow Analysis - The metal new materials sector experienced a net outflow of 942 million from institutional investors, while retail investors saw a net inflow of 907 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional selling and retail buying [2] Detailed Capital Flow for Selected Stocks - Bo Wei Tai Jin (601137) had a net inflow of 19.22 million from institutional investors, while retail investors contributed a net inflow of 20.77 million [3] - In contrast, Alloy Investment (000633) saw a net outflow of 2.29 million from institutional investors but a net inflow of 5.40 million from retail investors [3] - Overall, the capital flow data reflects varying investor confidence across different stocks within the sector [3]

Core Viewpoint - Longi Technology (300835.SZ) is increasing its R&D efforts and actively exploring related markets, with high-end inductive products already being supplied in small batches [1] Group 1 - The company is sending samples to multiple semiconductor power module manufacturers, with several samples currently undergoing testing and certification [1] - The company anticipates future growth opportunities as it aligns production capacity with customer project developments [1] - Market dynamics are influenced by various factors, and the company advises investors to remain cautious and invest rationally [1]

Group 1 - Dragon Magnetic Technology experienced a decline of 5.3% on September 2, with a stock price of 63.57 yuan per share, a trading volume of 171 million yuan, a turnover rate of 3.20%, and a total market capitalization of 7.588 billion yuan [1] - The company, Anhui Dragon Magnetic Technology Co., Ltd., is located in Hefei, Anhui Province, and was established on January 19, 1998. It was listed on May 25, 2020, and specializes in the research, production, and sales of new functional materials made from permanent ferrite [1] Group 2 - Among the top ten circulating shareholders of Dragon Magnetic Technology, Huashang Fund has a fund that entered the top ten in the second quarter, holding 1.1 million shares, which accounts for 1.34% of the circulating shares. The estimated floating loss today is approximately 3.916 million yuan [2] - The Huashang New Trend Preferred Mixed Fund (166301) was established on September 6, 2012, with a latest scale of 4.469 billion yuan. Year-to-date returns are 35.22%, ranking 1925 out of 8184 in its category, while the one-year return is 53.88%, ranking 2211 out of 7971. Since its inception, the fund has achieved a return of 1192% [2] Group 3 - The fund manager of Huashang New Trend Preferred Mixed Fund (166301) is Tong Li, who has a cumulative tenure of 9 years and 146 days. The total asset scale of the fund is 6.885 billion yuan, with the best fund return during his tenure being 220.41% and the worst being -18.31% [3]

Core Viewpoint - Longi Technology has begun small-scale supply of high-end inductive products and plans to release production capacity based on customer project progress [1] Company Summary - Longi Technology has provided samples to multiple semiconductor power module manufacturers, with several samples currently undergoing testing and certification [1]

Group 1 - The core viewpoint of the article highlights the recent research conducted by the well-known private equity firm Dongfang Gangwan on a listed company, Longci Technology, which is expected to achieve a revenue of 591 million yuan in the first half of 2025, representing a year-on-year growth of 6.36% [1] - The net profit for Longci Technology is projected to be 85.25 million yuan, reflecting a year-on-year increase of 31.82%, driven by the completion of technical upgrades at its overseas permanent magnet factory, reduced losses in its soft magnetic business, and improved cost control leading to higher gross margins [1] - The production capacity at the Vietnam base is 12,000 tons, with product demand exceeding supply, serving as a significant support for the company's performance [1] - The chip inductors are currently in the small batch delivery and testing phase, with a slow ramp-up expected to contribute to revenue next year [1] - The soft magnetic business has shown significant loss reduction, with a goal of achieving self-sufficiency for the entire year [1] - The value contribution of inductors in power modules is currently about 20%, with potential growth to 30% in the future [1] - TLVR inductors are valued at 2-3 times that of traditional products, and the company is focusing on their development [1] - The vertical power supply solution has improved efficiency by over 5%, leading to increased customer acceptance [1] - Compared to competitors like TDK and Murata, the company possesses advantages in material cost-performance and rapid response capabilities [1] Group 2 - Dongfang Gangwan Investment Management Co., Ltd. was founded in 2004 and is one of the first 33 institutions in China to obtain a private fund management license [2] - The firm has consistently adhered to the value investment philosophy of "growing together with great enterprises" and aims to become one of the longest-lasting excellent investment firms in China [2] - Dongfang Gangwan has received high recognition for its investment capabilities, winning multiple prestigious awards in the industry, including the "Golden Bull Award" and "Yinghua Award" [2] - Notably, from 2017 to 2020, the firm won the Golden Bull Award five times over four consecutive years, which is often referred to as the "Oscar" of the Chinese private equity industry [2]

Market Overview - The market experienced a significant drop, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing down by 1.76%, 1.43%, and 0.69% respectively, with over 4,700 stocks declining and only around 600 stocks rising [4] - Despite the indices showing a modest decline, the actual market impact was severe, indicating a split market where many stocks were falling while a few were driving index gains [5][6] Sector Performance - The computing power concept stocks saw a strong morning surge, with companies like Runjian Co., Meige Intelligent, and Dawang Technology hitting the daily limit, but faced significant sell-offs later [3] - The rare earth sector continued to perform well, with companies like Beikong Technology and Northern Rare Earth reaching their daily limit [3] - The CPO sector also experienced a notable rise, with Cambridge Technology achieving three consecutive limit-ups [3] Notable Stocks - Cambrian's stock price rose over 10% to exceed 1,460 yuan, surpassing Kweichow Moutai, which fell to 1,448 yuan, leading to discussions about Cambrian becoming the "new stock king" [11] - Alibaba-related computing power stocks initially surged but ultimately closed down by 1.81%, despite positive speculation about Alibaba's upcoming earnings report [14] - Zhouming Technology announced a partnership with Saudi Arabia's Al-Nassr Club, which initially boosted its stock price but ultimately closed down by 2% [16] Policy Impact - The Ministry of Commerce announced plans to introduce policies to promote service exports, which led to a temporary surge in Cross-Border Communication's stock price, although the connection to cross-border e-commerce remains tenuous [18]

Group 1: Financial Performance - The company achieved a revenue of 591 million CNY in the first half of 2025, representing a year-on-year growth of 6.36% [1] - The net profit attributable to the parent company reached 85.25 million CNY, an increase of 31.82% compared to the same period last year [1] - The improvement in profit is attributed to the completion of overseas production line upgrades, increased shipment volume in soft magnetic business, and enhanced cost control measures [1] Group 2: Production Capacity and Market Outlook - The overseas permanent magnet factory's production capacity has reached 12,000 tons, with significant demand from multiple clients due to supply constraints [1] - The Vietnam base is expected to continue supporting the company's growth due to its supply-demand imbalance [1] - The company is currently in the small-batch delivery and testing phase for its chip inductor business, with expectations for revenue contributions to gradually materialize next year [2] Group 3: Business Development and Strategy - The soft magnetic business aims for self-sufficiency and has shown significant progress in reducing losses through process optimization and market expansion [3] - Chip inductors are projected to have a value contribution of approximately 20% in AI power modules, with expectations to rise to around 30% as AI technology advances [4] - AI chip inductors are a strategic focus for the company, with anticipated project launches next year driven by market demand [5] Group 4: Product Innovation and Competitive Advantage - TLVR inductors, designed for low voltage and high current applications, are gaining traction in AI and new energy sectors, with a higher profit margin compared to traditional inductors [6] - The company has a competitive edge over TDK and Murata due to its proprietary materials and manufacturing processes, which offer better cost-performance ratios [8] - The acceptance of vertical power supply solutions is increasing, with the company's products showing over 5% improvement in power efficiency compared to competitors [7]