Group 1 - The robotics sector experienced significant fluctuations, with notable gains in several companies [1] - Nanjing Julong saw an increase of over 12% [1] - Yongmaotai previously hit the daily limit up, while Qingdao Double Star achieved three consecutive trading limits [1] Group 2 - Other companies such as Dayang Electric, Sanhua Intelligent Control, and Xinhang New Materials also showed upward trends [1]

证券代码：301076 证券简称：新瀚新材 公告编号：2025-048 江苏新瀚新材料股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 统一社会信用代码：91320000678952216F 类 型：股份有限公司（上市） 住 所：南京化学工业园区崇福路51号 法定代表人：严留新 注册资本：17488.12万元整 成立日期：2008年07月25日 1 江苏新瀚新材料股份有限公司（以下简称"公司"）分别于2025年8月25日、 2025年9月16日召开第四届董事会第五次会议和2025年第一次临时股东大会，审议 通过了《关于修订<公司章程>的议案》，并授权公司管理层具体办理本次工商变 更登记及章程备案事宜。具体内容详见公司于2025年8月26日在巨潮资讯网 （www.cninfo.com.cn）上披露的《关于修订《公司章程》及相关制度的公告》 （公告编号：2025-034）。 近日，公司完成了注册资本事项的工商变更登记手续及《江苏新瀚新材料股 份有限公司章程》备案手续，并取得了南京市市场监督管理局换发的《营业执 照 ...

Summary of Newhan New Materials Q3 2025 Conference Call Company Overview - **Company**: Newhan New Materials - **Industry**: Chemical Materials, specifically focusing on Pico products, photoinitiators, cosmetic raw materials, and pharmaceutical/agricultural intermediates Key Financial Metrics - **Pico Core Monomer**: Revenue contribution over 40%, with a shipment volume of approximately 1,600 tons and a gross margin of about 32% [2][3] - **Photoinitiators**: Revenue close to 60 million, accounting for about 15% of total revenue, with sales exceeding 1,500 tons [2][3] - **Cosmetic Raw Materials**: Revenue around 73 million, shipment volume of 1,300 tons, and a gross margin near 10% [2][3] - **Pharmaceutical/Agricultural Intermediates**: Revenue between 50 to 60 million, with a shipment volume of around 1,200 tons and a gross margin close to 40% [2][3] Business Performance Insights - **Overall Performance**: Significant growth in net profit exceeding revenue growth, with a gross margin of 27.52% for the first three quarters [3] - **Cosmetic Raw Materials**: Decline in gross margin attributed to proactive price reductions to capture market share and high fixed costs due to longer production times [2][5] - **DLBP Product**: New plant designed for a capacity of 2,500 tons, meeting 2025 demand with nearly 1,600 tons sold in the first three quarters [2][6] Market Dynamics - **Pico Product Demand**: Anticipated growth in downstream demand for Pico products, with a sales growth rate of 30% driven by price reductions [4][11] - **Cosmetic Products**: Market performance is strong, with a projected 20%-30% increase in shipments compared to 2024 [15][16] - **DLBP Pricing Pressure**: Current DLBP price around 90,000 yuan/ton, with competitive pressures from new production lines but maintained gross margins due to cost reductions and efficiency improvements [9][8] Strategic Initiatives - **Supply Strategy Adjustments**: Shift to sourcing from Indian production to mitigate impacts from US-China tariffs, ensuring business stability [4][19] - **Incentive Mechanism Changes**: Adjustments aimed at quickly increasing production capacity utilization while maintaining reasonable gross margins [20] - **Focus on Comprehensive Solutions**: Commitment to becoming a comprehensive solution provider in the Pico industry chain, with ongoing development in leather applications [13] Industry Standards and Challenges - **Industry Standards**: Company relies on internal standards developed over two decades due to technical confidentiality, rather than participating in broader industry standardization [14] - **Upstream Supply Chain Barriers**: Recognition of barriers in the upstream supply chain, with a focus on maintaining quality and cost advantages [23] Future Outlook - **Q4 Sales Projections**: Anticipated growth rate of 30% for Q4, with no significant increases in raw material prices expected [26] - **Capacity Planning**: Peak capacity could exceed 3,000 tons if all production lines are utilized, with potential to meet 5,000 tons of orders in 2026 [21][22] Additional Considerations - **Depreciation Impact**: Past significant depreciation costs have stabilized, with current monthly depreciation around 200-300 thousand yuan [24] - **Special Engineering Plastics Project**: Currently in design and verification stages, with a cautious approach to ensure product quality and pricing advantages [25]

Group 1 - The company Xinhan New Materials announced that it will hold an investor research meeting on October 21, 2025, from 10:00 to 10:40, with participation from the company's board secretary, Li Xiangfei, and other representatives to address investor inquiries [1] Group 2 - The article emphasizes the need to shift funding focus from excessive investment in housing and infrastructure to enhancing investments in the livelihood sector [1]

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 330 million CNY, representing a year-on-year growth of 7.99% [2] - The net profit for the same period was 51.53 million CNY, showing a year-on-year increase of 23.32% [2] Product Sales Composition - The sales composition of the company's main products includes: - DFBP: 40% - Photoinitiators: 18% - Cosmetic raw materials: 22% - Agricultural and pharmaceutical intermediates: approximately 20% [3] Product Pricing and Capacity - The pricing of DFBP is influenced by raw material costs and is currently at a low level due to these factors; however, production capacity is increasing, leading to gradual recovery in gross margins [4] - The demand for PEEK is growing due to its excellent properties, with applications in aerospace, medical implants, and high-end manufacturing, indicating a positive industry outlook [5] - The production and market expansion of HAP are progressing normally, with sales growth attributed to new customer acquisition and increased penetration [6] Investment Projects - The progress of the fundraising project for the third workshop (HDO) is ongoing, with equipment installation expected to be completed by December 2025 [7] Margin Improvement Factors - The recovery in product gross margins is primarily due to stable increases in capacity utilization, reduced fixed costs per unit, and a decrease in raw material prices during the first three quarters of 2025 [8]

Core Viewpoint - New Hanxin Materials (301076.SZ) reported a revenue of 330 million yuan for the first three quarters, reflecting a year-on-year growth of 7.99% [1] - The net profit attributable to shareholders reached 51.526 million yuan, marking a year-on-year increase of 23.32% [1] - The net profit after deducting non-recurring gains and losses was 42.4 million yuan, showing an 18.05% year-on-year growth [1] Financial Performance - Revenue for the first three quarters: 330 million yuan, up 7.99% year-on-year [1] - Net profit attributable to shareholders: 51.526 million yuan, up 23.32% year-on-year [1] - Net profit after deducting non-recurring gains: 42.4 million yuan, up 18.05% year-on-year [1]

证券代码：301076 证券简称：新瀚新材 公告编号：2025-047 江苏新瀚新材料股份有限公司 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公告内容真实、准确和完整，无虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 江苏新瀚新材料股份有限公司（以下简称"公司"）于2025年10月20日在公司 会议室以现场会议与电话视频会议相结合的方式召开了第四届董事会第七次会议。 会议通知已于2025年10月15日以电话和邮件的方式送达全体董事。会议应到董事9 人，实到董事9人，其中以通讯方式出席1人，为李国伟先生。公司高级管理人员列 席了本次会议。会议由董事长严留新先生召集并主持。本次会议的召开及表决程序 符合《公司法》及《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事审议表决，形成如下决议： 1、以9票同意、0票反对、0票弃权，审议通过《关于<2025年第三季度报告>的 议案》； 经审议，董事会认为公司《2025年第三季度报告》编制和审议程序符合法律、 行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了公司2025年第 三季度的经营管理情况，不存在任何虚假记载、误导性陈 ...

Group 1 - The core viewpoint of the article is that Xinhan New Materials (301076.SZ) has shown positive financial performance in the first three quarters of 2025, with significant growth in both revenue and net profit [1] Group 2 - The company's operating revenue for the first three quarters reached 330 million yuan, representing a year-on-year increase of 7.99% [1] - The net profit attributable to shareholders of the listed company was 51.5261 million yuan, reflecting a year-on-year growth of 23.32% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 42.4045 million yuan, which is an 18.05% increase year-on-year [1] - The basic earnings per share stood at 0.29 yuan [1]

Core Insights - Xinhan New Materials (301076.SZ) reported a revenue of 330 million yuan for the first three quarters of 2025, representing a year-on-year growth of 7.99% [1] - The net profit attributable to shareholders of the listed company was 51.5261 million yuan, an increase of 23.32% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 42.4045 million yuan, reflecting an 18.05% year-on-year growth [1] - The basic earnings per share stood at 0.29 yuan [1]

Financial Performance - The company's revenue for Q3 2025 reached ¥100,846,758.06, an increase of 4.38% compared to the same period last year[5] - Net profit attributable to shareholders was ¥16,233,488.18, reflecting a growth of 30.19% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥13,285,709.69, up by 30.79% compared to the previous year[5] - Basic and diluted earnings per share were both ¥0.09, representing a 28.57% increase from the same quarter last year[5] - Total operating revenue for the current period reached ¥329,914,899.52, an increase of 8.5% compared to ¥305,498,137.52 in the previous period[20] - Net profit for the current period was ¥51,526,067.51, representing a 23.2% increase from ¥41,781,840.06 in the previous period[21] - Basic and diluted earnings per share increased to ¥0.29 from ¥0.24, reflecting a growth of 20.8%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,273,279,909.27, a 1.55% increase from the end of the previous year[5] - The company's total assets increased to ¥1,273,279,909.27 from ¥1,253,854,801.37, marking a growth of 1.5%[19] - Total liabilities decreased to ¥100,871,495.43 from ¥106,341,078.65, a reduction of 5.1%[19] - The equity attributable to shareholders of the parent company rose to ¥1,172,408,413.84, up from ¥1,147,513,722.72, indicating a growth of 2.2%[19] - The company’s total equity attributable to shareholders rose by 2.17% to ¥1,172,408,413.84 compared to the previous year[5] Cash Flow - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of ¥63,910,982.22, down 43.59% year-on-year[5] - Operating cash flow for the current period is ¥63,910,982.22, a decrease of 43.7% compared to ¥113,289,123.13 in the previous period[22] - The net increase in cash and cash equivalents is -¥42,638,640.54, an improvement from -¥168,097,070.30 in the previous period[23] - The ending balance of cash and cash equivalents is ¥87,330,360.81, down from ¥114,401,830.11 in the previous period[23] - Cash received from investment recoveries is ¥1,565,000,000.00, significantly higher than ¥1,015,800,000.00 in the previous period, indicating a 54% increase[22] - Cash paid for fixed assets and intangible assets is ¥42,649,513.54, up from ¥26,337,051.50, representing a 62% increase[22] Expenses and Investments - Total operating costs amounted to ¥282,711,876.50, up from ¥266,049,147.72, reflecting a growth of 6.3%[20] - Research and development expenses for the current period were ¥13,076,141.50, compared to ¥11,321,680.94 in the previous period, an increase of 15.5%[20] - The company experienced a 39.26% reduction in selling expenses, primarily due to lower overseas market certification costs compared to the previous year[8] - Investment income increased by 52.96% to ¥10,497,577.86, attributed to higher returns from structured deposits[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,708[11] - The largest shareholder, Yan Liuxin, holds 22.55% of the shares, totaling 39,440,544 shares[11] - The total number of restricted shares held by major shareholders decreased by 1,514,240 shares during the reporting period[14] - The company has a total of 65,077,147 restricted shares at the end of the reporting period[14] Other Financial Information - The company's cash and cash equivalents decreased from 134,712,583.35 RMB to 88,320,894.81 RMB, a decline of approximately 34.4%[17] - The total current assets increased slightly from 810,989,985.89 RMB to 816,359,524.90 RMB, an increase of about 0.5%[17] - The company's accounts receivable rose from 61,421,802.68 RMB to 72,332,120.32 RMB, representing an increase of approximately 17.8%[17] - The inventory increased from 55,114,626.83 RMB to 63,447,780.13 RMB, a rise of about 15.1%[17] - The total non-current assets include fixed assets valued at 283,270,155.61 RMB, down from 302,560,751.76 RMB, a decrease of approximately 6.4%[17] - The deferred income tax assets increased from 1,479,233.27 RMB to 3,899,469.83 RMB, an increase of about 163.5%[17] - The deferred income tax liabilities decreased to ¥9,901,479.24 from ¥10,539,240.76, a decline of 6.1%[19] Accounting Standards - The company has not audited its third-quarter financial report[24] - The company will implement new accounting standards starting from 2025[25]