Company Overview - Jinchun Co., Ltd. (SZ 300877) announced a share buyback plan, intending to repurchase 550,000 shares, which represents 0.46% of the total share capital, with a maximum transaction price of 32.6 CNY per share and a minimum of 15.22 CNY per share, totaling approximately 14.25 million CNY [1]. Financial Performance - For the first half of 2025, Jinchun's revenue composition is as follows: non-woven fabric industry accounts for 85.46%, chemical fibers for 11.31%, non-woven fabric materials for 1.69%, and other businesses for 1.54% [1]. - As of the report date, Jinchun's market capitalization stands at 3.6 billion CNY [1].

证券代码：300877 证券简称：金春股份 公告编号：2025-074 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关规定， 公司应当在每个月的前三个交易日内披露截至上月末的回购进展情况。现将公司回购股 份的进展情况公告如下： 1 一、回购公司股份的进展情况 截至 2025 年 10 月 31 日，公司通过股份回购专用证券账户以集中竞价交易方式回 购公司股份 550,000 股，占公司总股本的 0.46%，最高成交价为 32.60 元/股，最低成交 价为 15.22 元/股，成交金额为 14,250,737.00 元（不含交易费用）。 本次回购股份资金来源为公司自有资金及回购股票专项贷款资金。本次回购符合回 购公司股份方案及相关法律法规的要求。 二、其他说明 安徽金春无纺布股份有限公司 关于回购股份进展的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有任何虚 假记载、误导性陈述或重大遗漏。 安徽金春无纺布股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日召开第四 届董事会第四次会议及第四届监事会第四次会议，审议通过《关于回购公司股份方案的 议案》，公司 ...

Core Viewpoint - Jin Chun Co., Ltd. (300877.SZ) announced a share buyback program, repurchasing 550,000 shares, which represents 0.46% of the total share capital, with a total transaction amount of 14,250,737.00 yuan excluding transaction fees [1] Summary by Relevant Categories Share Buyback Details - The company repurchased 550,000 shares through a centralized bidding transaction [1] - The highest transaction price was 32.60 yuan per share, while the lowest was 15.22 yuan per share [1] - The total amount spent on the buyback was 14,250,737.00 yuan, excluding transaction fees [1]

Core Viewpoint - The company plans to repurchase shares using its own or raised funds, with a total budget of 10 to 20 million yuan, and has adjusted the repurchase price limits multiple times [1] Group 1: Share Repurchase Plan - The company announced a share repurchase plan for April 2025, with a budget of 10 to 20 million yuan [1] - The initial repurchase price limit was set at a maximum of 18 yuan per share, which was later adjusted to 17.90 yuan on May 29 and further to 35 yuan on August 25 [1] - As of October 31, the company has repurchased 550,000 shares, representing 0.46% of the total share capital, with a maximum transaction price of 32.60 yuan and a minimum of 15.22 yuan, totaling a transaction amount of 14.2507 million yuan [1] Group 2: Funding Sources - The funds for the share repurchase have been sourced from the company's own funds and special loans [1] - The company intends to continue implementing the share repurchase plan in the future [1]

Core Viewpoint - Anhui Jinchun Nonwoven Fabric Co., Ltd. plans to acquire 51% equity of its subsidiary Anhui Jinsenyuan Material Technology Co., Ltd. for 51.918 million yuan, aiming to enhance its position in the automotive supply chain [1] Group 1: Acquisition Details - The acquisition will make Jinsenyuan a subsidiary of Jinchun and will be included in the consolidated financial statements [1] - Jinsenyuan specializes in the R&D, production, and sales of automotive-grade protective products, providing customized surface protection solutions for automotive manufacturers and suppliers [1] Group 2: Strategic Implications - This acquisition is part of Jinchun's strategy to vertically extend its industrial chain [1] - Prior to the acquisition, Jinchun was already a major supplier to Jinsenyuan, establishing a solid foundation for business integration post-acquisition [1] - The transaction allows Jinchun to quickly enter the automotive supply chain market, extending its operations from nonwoven fabric raw materials to downstream sectors [1]

Core Viewpoint - Jin Chun Co., Ltd. plans to acquire 51% of Anhui Jin Sheng Yuan Material Technology Co., Ltd. for a cash consideration of 51.918 million yuan, marking a strategic move into the automotive industry chain from a non-woven fabric supplier to a downstream player [1] Company Summary - The acquisition will allow Jin Chun to consolidate Jin Sheng Yuan into its financial statements as a subsidiary, enhancing its position in the automotive materials market [1] - Jin Sheng Yuan, a subsidiary of Jin Rui Investment Group, focuses on the development and production of automotive-grade protective products, complementing Jin Chun's existing non-woven fabric offerings [1] - Jin Sheng Yuan's main product is specialized protective car covers, which are applicable to various parts of vehicles, indicating a potential for collaboration in lightweight automotive materials [1] Industry Summary - The Chinese automotive industry is poised for growth, with a target of approximately 32.3 million vehicle sales in 2025, representing a 3% year-on-year increase, and a significant focus on new energy vehicles [2] - The automotive sector is a key pillar of the national economy, with a long supply chain and strong growth potential, particularly for upstream material suppliers [2] - Jin Sheng Yuan has demonstrated profitability, with projected revenues of approximately 71.1 million yuan for 2024 and 23.2 million yuan for the first eight months of 2025, alongside net profits of about 8.5 million yuan and 4.7 million yuan respectively [2] - The profit commitments from the transaction parties for Jin Sheng Yuan are set at no less than 7 million yuan, 12 million yuan, and 13 million yuan for the years 2025, 2026, and 2027, respectively, totaling a minimum of 32 million yuan [2]

Group 1: Financial Events and Policies - The 2025 Financial Street Forum Annual Meeting is taking place from October 27 to 30 in Beijing, with key speeches from the Governor of the People's Bank of China, the head of the Financial Regulatory Administration, and the Chairman of the China Securities Regulatory Commission [2][3] - The People's Bank of China will conduct a 900 billion yuan Medium-term Lending Facility (MLF) operation on October 27, with a one-year term [3][5] - The State Council's report on financial work emphasizes the need for a moderately loose monetary policy to support the real economy and create a favorable financial environment [3] Group 2: Company Earnings Reports - WuXi AppTec reported a net profit of 12.076 billion yuan for the first three quarters, a year-on-year increase of 84.84% [4] - Cambridge Technology's net profit for the first three quarters increased by 70.88% year-on-year [5] - Weicai Technology achieved a net profit of 202 million yuan for the first three quarters, marking a 226.41% year-on-year growth [5] - Guosheng Financial Holdings reported a net profit of 242 million yuan for the first three quarters, up 191.21% year-on-year [6] - Shen Shen Fang A's net profit surged by 2791.57% year-on-year for the first three quarters, reaching 14.5 million yuan [6] - Several companies, including Morning Light Biotechnology and Wen Tai Technology, reported significant year-on-year profit increases of 385.3% and 265.09%, respectively [6][12] Group 3: Company Losses and Declines - Jing Sheng Machinery reported a net profit decline of 69.56% for the first three quarters [9] - China Shenhua's net profit decreased by 10% year-on-year, amounting to 39.052 billion yuan [8] - Health Yuan and Ping An Bank experienced net profit declines of 1.83% and 3.5%, respectively, for the first three quarters [8]

Group 1 - The core point of the article is that Jin Chun Co., Ltd. plans to acquire 51% of Anhui Jin Sheng Yuan Material Technology Co., Ltd. for a cash consideration of 51.918 million yuan, which will make Jin Sheng Yuan a subsidiary of Jin Chun and included in its consolidated financial statements [1] - Jin Sheng Yuan specializes in the research, production, and sales of automotive-grade protective products, primarily offering customized surface protection solutions for automotive manufacturers [1][2] - The financial data indicates that Jin Sheng Yuan achieved revenues of approximately 71.1083 million yuan in 2024 and 23.1661 million yuan from January to August 2025, with net profits of about 8.4769 million yuan and 4.7058 million yuan for the same periods, respectively [1] Group 2 - The acquisition allows Jin Chun to quickly enter the automotive supply chain market, extending its operations from non-woven fabric materials to downstream sectors [2] - The company aims to leverage Jin Sheng Yuan's strong customer base in the automotive industry to enhance its product offerings and improve its competitive advantage in the non-woven materials sector [2] - On October 24, Jin Chun's stock rose by 5.47%, closing at 31.61 yuan per share, with a total market capitalization of 3.793 billion yuan [3]

Core Viewpoint - Jin Chun Co., Ltd. reported a slight increase in revenue for the first three quarters of 2025, while net profit saw a significant rise, indicating strong financial performance despite modest revenue growth [1] Financial Performance - The company's operating revenue for the first three quarters reached 772 million yuan, reflecting a year-on-year growth of 0.03% [1] - The net profit attributable to shareholders was 73.85 million yuan, showing a remarkable year-on-year increase of 484.69% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 15.87 million yuan, which represents a year-on-year growth of 48.22% [1] - Basic earnings per share stood at 0.62 yuan [1]

Financial Performance Highlights - San Chuan Wisdom reported a net profit of 143.89 million yuan, a year-on-year increase of 101.23%, with total revenue of 827.84 million yuan, down 25.53% [1] - Dian Guang Media achieved a net profit of 132.11 million yuan, up 116.61%, with revenue of 3.19 billion yuan, an increase of 16.32% [1] - Jin Kai BioScience's net profit surged by 163.24% to 103.43 million yuan, with revenue of 487.72 million yuan, up 25.96% [2] - He Ren Technology's net profit skyrocketed by 1,292.86% to 12.94 million yuan, despite a slight revenue decline of 0.33% to 263.46 million yuan [3] - Ming Tai Aluminum's net profit for Q3 increased by 35.94% to 464 million yuan, while total revenue for the first three quarters was 25.87 billion yuan, up 9.38% [4] - Jin Cai Interconnect reported a staggering net profit growth of 1,697.84% to 57.52 million yuan, with revenue of 750.02 million yuan, down 17.32% [5] - Chi Feng Gold's Q3 net profit rose by 140.98% to 951 million yuan, with revenue of 3.37 billion yuan, up 66.39% [6] - Chu Jiang New Materials reported a net profit of 355.17 million yuan, a year-on-year increase of 2,089.49%, with revenue of 44.19 billion yuan, up 13.29% [8] - Guo Xuan High-Tech's net profit increased by 514.35% to 2.53 billion yuan, with revenue of 29.51 billion yuan, up 17.21% [16] - Sichuan Changhong's Q3 net profit grew by 690.83% to 50.7 million yuan, despite a revenue decline of 2.69% to 25.18 billion yuan [17] - Kewo Technology's Q3 net profit surged by 7,161% to 438 million yuan, with revenue of 4.20 billion yuan, up 29.26% [16] Strategic Developments - GreenMei signed a strategic cooperation framework agreement with Xiamen Xatong New Energy to supply 150,000 tons of battery materials annually from 2026 to 2028 [4] - Hunan Development plans to invest 2.4 billion yuan in a photovoltaic power generation project with a capacity of 800MW [9] - Weston intends to use 160 million yuan of raised funds to acquire and increase investment in Liangtou Technology, aiming for a controlling stake [7] - Zhaopin Technology announced a joint investment with Zhizhu and Yuankeshi to establish Shenzhen Zhixian Robot Technology Co., with a registered capital of 50 million yuan [12] - Jiangsu Long Power's controlling shareholder secured a loan of up to 7.2 billion yuan specifically for stock repurchase [22][23]