格隆汇10月17日丨图南股份(300855.SZ)公布三季度报告，前三季营业收入8.59亿元，同比下降20.46%， 归属于上市公司股东的净利润1.23亿元，同比下降52.21%，归属于上市公司股东的扣除非经常性损益的 净利润1.2亿元，同比下降53.64%。 ...

Group 1 - Company Tunan reported Q3 performance, with revenue approximately 859 million yuan, a year-on-year decrease of 20.46% [1] - The net profit attributable to shareholders was about 123 million yuan, down 52.21% year-on-year [1] - Basic earnings per share were 0.31 yuan, reflecting a year-on-year decline of 52.31% [1] Group 2 - Industry sentiment is mixed, with notable figures like Lin Yuan expressing confidence despite market losses, emphasizing the resilience of the liquor sector as a "pleasure demand" [1]

证券代码：300855 证券简称：图南股份 公告编号：2025-027 江苏图南合金股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 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。 江苏图南合金股份有限公司（以下简称"公司"）根据《企业会计 准则》以及公司会计政策的相关规定，对截至 2025 年 9 月 30 日公司 合并报表范围内相关资产计提资产减值准备。现将本次计提资产减值 准备的具体情况公告如下： 一、本次计提资产减值准备情况概述 （一）本次计提资产减值准备的原因 根据《企业会计准则》以及公司会计政策的相关规定，公司对截 至 2025 年 9 月 30 日合并报表范围内的各类资产进行了充分的分析、 测试和评估，对可能发生减值损失的资产计提减值准备。 （二）本次计提资产减值准备的资产范围和金额 本次计提减值准备的资产范围包括应收款项及存货，计提减值准 备金额合计 2,961.70 万元，计入的报告期间为 2025 年 1 月 1 日至 2025 年 9 月 30 日。具体明细如下： （一）应收款项坏账准备的确认标准和计提方法 根据《企业会计准 ...

第四届董事会第七次会议决议公告 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。 一、董事会会议召开情况 证券代码：300855 证券简称：图南股份 公告编号：2025-026 江苏图南合金股份有限公司 具体内容详见公司同日披露于巨潮资讯网的《2025 年第三季度 报告》。 表决结果：同意 7 票；反对 0 票；弃权 0 票。本议案获得通过。 2、审议通过了《关于公司向中国建设银行股份有限公司丹阳支 行申请授信额度的议案》 根据经营发展需要及资金安排，公司拟向中国建设银行股份有限 公司丹阳支行申请不超过人民币 65,000 万元授信额度，期限为 3 年。 其中，敞口授信额度 50,000 万元，信用方式；低信用风险授信额度 15,000 万元。授信额度最终以银行实际审批额度为准，公司取得上述 授信额度后，具体使用金额将根据自身运营的实际需求确定。低信用 风险授信额度的使用可采用本公司自有票据、保证金、单位定期存单 和单位大额存单等向中国建设银行股份有限公司丹阳支行提供质押 担保。 江苏图南合金股份有限公司（以下简称"公司"）第四届董事会第 七次会议于 2025 ...

Core Viewpoint - Tunan Co., Ltd. reported a significant decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 859 million yuan, representing a year-on-year decrease of 20.46% [1] - The net profit attributable to shareholders of the listed company was 123 million yuan, down 52.21% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 120 million yuan, reflecting a year-on-year decrease of 53.64% [1] - Basic earnings per share were reported at 0.31 yuan [1]

Core Insights - The company reported a third-quarter revenue of 260 million, representing a decline of 25.28% [1] - The net profit for the third quarter was 30.39 million, down 54.49% [1] - For the first three quarters, the total revenue was 859 million, a decrease of 20.46% [1] - The net profit for the first three quarters was 123 million, reflecting a decline of 52.21% [1]

江苏图南合金股份有限公司 2025 年第三季度报告 证券代码：300855 证券简称：图南股份 公告编号：2025-025 江苏图南合金股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年 | 年初至报告期 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 同期增减 | 末 | 比上年同期增减 | | 营业收入（元） | 260,199,669.78 | -25.28% | 858,814,052.50 | -20.46% | | ...

Market Performance - The metal new materials sector increased by 0.75% on October 15, with Yunlu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Individual Stock Performance - Yunlu Co., Ltd. (stock code: 061889) closed at 127.20, rising by 10.75% with a trading volume of 23,000 lots and a transaction value of 281 million [1] - Tunan Co., Ltd. (stock code: 300855) closed at 28.45, up 5.02% with a trading volume of 94,100 lots [1] - Zhongzhou Special Materials (stock code: 300963) closed at 24.99, increasing by 3.09% with a trading volume of 653,400 lots [1] - Other notable performers include Placo New Materials (stock code: 300811) up 3.01% and Chitong New Materials (stock code: 300930) up 2.88% [1] Capital Flow Analysis - The metal new materials sector experienced a net outflow of 1.24 billion in main funds, while retail investors saw a net inflow of 969 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing while retail investors are actively buying [2] Detailed Capital Flow for Selected Stocks - Yunlu Co., Ltd. had a main fund net inflow of 20.19 million, but a net outflow from retail investors of 20.51 million [3] - Placo New Materials saw a main fund net inflow of 7.99 million, with retail investors also experiencing a net outflow of 10.23 million [3] - Other stocks like Sry New Materials (stock code: 688102) and Bo Wei Alloy (stock code: 601137) showed varied capital flows, indicating differing investor sentiments [3]

Core Points - Tunan Co., Ltd. experienced a stock price increase of 5.06%, reaching 28.46 CNY per share, with a trading volume of 193 million CNY and a turnover rate of 2.39%, resulting in a total market capitalization of 11.257 billion CNY [1] Group 1: Company Overview - Tunan Co., Ltd. is located in Danyang, Jiangsu Province, and was established on May 28, 1991, with its listing date on July 23, 2020 [1] - The company specializes in the research, production, and sales of high-performance alloy materials, including high-temperature alloys and special stainless steels [1] - The revenue composition of Tunan Co., Ltd. includes: 46.24% from deformed high-temperature alloys, 28.17% from cast high-temperature alloys, 10.63% from other alloy products, 8.31% from other business income, 5.23% from special stainless steel, and 1.42% from small and medium-sized components [1] Group 2: Shareholder Information - Among the top ten circulating shareholders of Tunan Co., Ltd., E Fund's defense and military industry mixed fund A (001475) increased its holdings by 1.2304 million shares in the second quarter, holding a total of 9.2394 million shares, which accounts for 3.15% of the circulating shares [2] - The estimated floating profit for E Fund's defense and military industry mixed fund A (001475) today is approximately 12.6579 million CNY [2] - E Fund's defense and military industry mixed fund A (001475) was established on June 19, 2015, with a current scale of 8.802 billion CNY, and has achieved a year-to-date return of 16.82% [2]

Core Viewpoint - The steel industry is expected to gradually bottom out in demand, with supply-side market clearing beginning to appear, leading to a potential recovery in the industry's fundamentals. If supply policies are implemented, the contraction of supply may accelerate, facilitating quicker industry recovery [1]. Demand and Supply Analysis - Steel consumption for the week of October 6-10, 2025, was 7.5143 million tons, a decrease of 1.5339 million tons week-on-week. Construction steel consumption was 2.2262 million tons, down 1.0846 million tons, while plate steel consumption was 5.2881 million tons, down 0.4493 million tons. Steel production was 8.6331 million tons, a decrease of 0.0376 million tons, and total inventory rose to 16.0072 million tons, an increase of 1.2786 million tons [2]. - The operating rate of blast furnaces at 247 steel mills was 84.27%, down 0.02 percentage points week-on-week, while electric furnace operating rates were 60.26%, down 1.28 percentage points. Despite a marginal decline in demand due to the National Day holiday, the industry remains in a traditional peak season, with expectations for gradual recovery in steel demand and inventory reduction [2]. Profitability Trends - The average gross profit per ton for rebar was 167.1 CNY, an increase of 24.3 CNY week-on-week, while hot-rolled coil gross profit was 112.1 CNY, up 29.3 CNY. The profitability rate for 247 steel companies was 56.28%, a decrease of 0.43% [3]. - The expectation is for iron ore production to accelerate while demand remains limited, leading to a gradual easing of iron ore prices and improvement in cost constraints for the steel industry, with a potential recovery in profitability levels [3]. Future Outlook - The negative impact of the real estate sector on steel demand is expected to diminish, with stable growth anticipated in demand from infrastructure and manufacturing sectors. Steel exports maintained a year-on-year increase from January to August [4]. - Over 40% of steel companies are currently experiencing losses, but market clearing is beginning to occur. Recent policies aim to reduce production and promote a balance between supply and demand, supporting the expectation of supply contraction and gradual recovery in the steel industry's fundamentals [4]. Recommended Companies - Key recommendations include Baosteel (600019) for its technological and product structure leadership, Hualing Steel (000932) for its product structure upgrades, and Fangda Special Steel (600507) for its low-cost advantages. Other recommendations include CITIC Special Steel (000708) for its competitive advantages and high dividend yield, as well as upstream resource companies like Hebei Steel Resources (000923) and Dazhong Mining (001203) due to their long-term growth potential [5].