Core Viewpoint - Zhongke Magnetic Industry (301141.SZ) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong business performance and growth potential [1] Financial Performance - The company's operating revenue for the first three quarters reached 551 million yuan, representing a year-on-year growth of 42.91% [1] - The net profit attributable to shareholders of the listed company was 33.7 million yuan, showing a year-on-year increase of 214.28% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 27.98 million yuan, reflecting a year-on-year growth of 237.45% [1] - The basic earnings per share stood at 0.2717 yuan [1]

Group 1 - The core viewpoint of the article highlights the strong financial performance of Zhongke Magnetic Industry (301141.SZ) in the third quarter, with significant year-on-year growth in both revenue and net profit [1] Group 2 - The company reported a total operating revenue of 551 million yuan for the first three quarters, representing a year-on-year increase of 42.91% [1] - The net profit attributable to shareholders of the listed company reached 33.7 million yuan, showing a remarkable year-on-year growth of 214.28% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 27.98 million yuan, reflecting a substantial year-on-year increase of 237.45% [1]

证券代码：301141 证券简称：中科磁业 公告编号：2025-034 浙江中科磁业股份有限公司 关于 2025 年第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内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 （一）计提资产减值准备的原因 根据《企业会计准则》和公司会计政策等相关规定，为真实反映公司的财务 状况、资产价值及经营情况，基于谨慎性原则，浙江中科磁业股份有限公司（以 下简称"公司"）对合并报表范围内截至2025年9月30日的各类资产按照企业会 计准则进行了减值测试，根据减值测试结果，公司在2025年1-6月已计提资产减 值准备的基础上，对2025年第三季度存在减值迹象的资产相应计提了减值准备。 单位：万元 | 减值类型 | 项目 | 2025 年 7-9 月 计提/转回减值准备金额 | | --- | --- | --- | | 信用减值损失 | 应收票据坏账损失 | -45.67 | | | 应收账款坏账损失 | -84.15 | | | 其他应收款坏账损失 | 28.73 | | | 应收款项融资减值损失 | 52.10 | | 资产减值损失 | 存货跌价损失 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥204,596,150.81, representing a 51.13% increase year-over-year[5] - Net profit attributable to shareholders was ¥12,796,193.36, a significant increase of 150.89% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥10,575,592.22, up 143.23% year-over-year[5] - Operating revenue for the reporting period reached ¥551,134,878.94, a 42.91% increase compared to ¥385,661,685.30 in the same period last year, primarily due to increased sales from completed fundraising projects[9] - The net profit for the current period is CNY 32,659,976.91, compared to CNY 10,723,082.34 in the previous period, representing a growth of 204.5%[23] - The total comprehensive income for the current period is CNY 31,353,720.55, up from CNY 11,049,730.73 in the previous period, indicating an increase of 184.5%[23] - Basic and diluted earnings per share for the current period are both CNY 0.2717, compared to CNY 0.0865 in the previous period, reflecting a growth of 214.0%[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,740,512,546.88, reflecting a 10.37% increase from the end of the previous year[5] - Current assets totaled ¥1,020,342,889.21, slightly down from ¥1,036,543,452.49 at the beginning of the period[17] - Non-current assets increased to ¥720,169,657.67 from ¥540,374,462.76, indicating growth in long-term investments[17] - Total liabilities increased to ¥458,774,863.57 from ¥318,649,853.96, indicating a rise in financial obligations[19] - Shareholders' equity rose to ¥1,281,737,683.31 from ¥1,258,268,061.29, demonstrating an increase in company value[19] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥44,665,661.24, indicating a decline of 188.29% year-to-date[5] - Cash inflow from operating activities is CNY 537,965,790.32, compared to CNY 365,428,146.62 in the previous period, an increase of 47.2%[25] - Cash outflow from operating activities totals CNY 582,631,451.56, up from CNY 380,921,264.45 in the previous period, representing an increase of 53.0%[26] - Cash inflow from investing activities is CNY 821,860,350.95, significantly higher than CNY 23,289,478.08 in the previous period, marking an increase of 3525.5%[26] - Cash outflow from investing activities is CNY 727,094,683.24, compared to CNY 379,632,325.58 in the previous period, an increase of 91.7%[26] - The net cash flow from investing activities is CNY 94,765,667.71, improving from -CNY 356,342,847.50 in the previous period[26] - The cash and cash equivalents at the end of the period amount to CNY 289,408,207.23, down from CNY 442,266,888.97 in the previous period[27] Expenses - Research and development expenses rose to ¥18,747,365.91, marking a 34.41% increase from ¥13,948,125.25, attributed to higher R&D investments during the reporting period[9] - Management expenses increased by 67.76% to ¥23,586,080.92 from ¥14,059,829.24, primarily due to higher salaries and consulting fees[9] - The company experienced a 54.98% increase in income tax expenses, totaling ¥2,698,839.77 compared to ¥1,741,428.20 in the previous year, due to higher taxable income[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,633, with no preferred shareholders with restored voting rights[11] - The largest shareholder, Wu Zhongping, holds 33.30% of the shares, amounting to 41,300,000 shares[11] Other Financial Metrics - The weighted average return on equity was 1.03%, up 0.62% from the previous year[5] - The company reported a significant increase in long-term deferred expenses, which rose by 236.88% to ¥9,403,927.55, mainly due to renovation costs for leased factory buildings[8] - The company reported a significant increase in cash paid for purchasing goods and services, which rose by 64.46% to ¥444,742,236.68 from ¥270,423,892.90, reflecting increased procurement costs[9] - Total operating costs amounted to ¥510,727,340.03, up from ¥375,364,931.60 in the previous period, reflecting a rise in operational expenses[22] - Operating profit for the period was ¥35,891,021.83, compared to ¥12,466,483.93 in the previous period, showing improved profitability[22]

Core Insights - The company reported a third-quarter revenue of 205 million yuan, representing a year-on-year increase of 51.13% [1] - The net profit for the third quarter was 12.7962 million yuan, showing a year-on-year growth of 150.89% [1] - For the first three quarters, the total revenue reached 551 million yuan, reflecting a year-on-year increase of 42.91% [1] - The net profit for the first three quarters amounted to 33.7005 million yuan, which is a year-on-year increase of 214.28% [1]

Investment Rating - Industry rating: Recommended [3] Core Insights - The report emphasizes the strategic revaluation of key metals, particularly focusing on rare earths and cobalt [24] - Nickel prices are expected to be supported due to tightened supply expectations following Indonesia's new regulation reducing the approval cycle for mining plans from three years to one year [26][27] - Cobalt prices have continued to rise, with expectations of increasing supply tightness further driving prices up [30][33] - Antimony supply is expected to remain tight, providing a bottom support for antimony prices [34] - Lithium carbonate prices are projected to remain strong due to ongoing demand and inventory depletion [16] - China's dominance in rare earth supply is reinforced by stricter export controls, which are expected to support rare earth prices [18] - Tin supply remains uncertain due to ongoing challenges in overseas supply, which is expected to support tin prices [19] - Tungsten prices are supported by a tightening supply situation, with production rates slowing down [20] - Uranium supply tightness is anticipated to continue, supporting uranium prices [21] Summary by Sections Nickel and Cobalt Industry Update - Indonesia's new regulation on mining approvals is expected to tighten future ore supply, supporting nickel prices [26] - As of October 24, LME nickel price was $15,085 per ton, up 1.04% from October 17 [26] - Cobalt prices have risen significantly, with electrolytic cobalt reaching 408,500 CNY per ton, a 6.94% increase [30] Antimony Industry Update - Domestic antimony prices have decreased, but long-term supply tightness is expected to support prices [34] - China's antimony production is projected to dominate global supply, accounting for 60% of the total [34] Lithium Industry Update - Lithium carbonate prices have increased, with a market average of 73,700 CNY per ton as of October 24 [16] - Demand from the battery sector continues to drive price support [16] Rare Earth Industry Update - China's strict export controls on rare earths are expected to tighten supply and support prices [18] - The report highlights the importance of China's role in the global rare earth supply chain [18] Tin Industry Update - Tin prices are supported by supply uncertainties, particularly from Myanmar and Indonesia [19] - As of October 24, LME tin price was $35,925 per ton, up 2.42% from October 17 [19] Tungsten Industry Update - The tungsten supply situation is tightening, with production rates slowing down [20] - Prices for tungsten concentrate have increased, reflecting supply constraints [20] Uranium Industry Update - The report indicates a continued tight supply situation for uranium, supporting price stability [21] - Recent production guidance reductions from major suppliers are expected to impact future supply [21]

Core Viewpoint - The company, Zhongke Magnetic Industry, confirmed that it currently does not have any direct cooperation with Tesla regarding product supply or samples [2] Company Information - Zhongke Magnetic Industry responded to an investor inquiry on October 22, stating that there is no direct collaboration with Tesla [2] - The company emphasized that its business situation should be referenced from announcements disclosed in designated media [2]

Core Viewpoint - The metal new materials sector experienced a rise of 1.78% on October 21, with significant contributions from leading stocks like Placo New Materials [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3916.33, up 1.36% [1] - The Shenzhen Component Index closed at 13077.32, up 2.06% [1] Group 2: Individual Stock Performance - Tianhe Magnetic Materials (603072) closed at 49.36, down 1.48% with a trading volume of 39,300 lots [1] - Jinli Permanent Magnet (300748) closed at 39.91, down 1.02% with a trading volume of 603,900 lots [1] - Zhongke Magnetic Industry (301141) closed at 60.15, down 0.66% with a trading volume of 32,200 lots [1] - Zhenghai Magnetic Materials (300224) closed at 16.73, down 0.06% with a trading volume of 253,400 lots [1] - Ningbo Yunsheng (600366) closed at 14.21, up 0.28% with a trading volume of 282,500 lots [1] - Youyan Powder Materials (688456) closed at 45.55, up 0.49% with a trading volume of 11,600 lots [1] - Insite (301622) closed at 80.73, up 0.71% with a trading volume of 10,100 lots [1] - Yingyubiao (000795) closed at 10.75, up 0.75% with a trading volume of 159,100 lots [1] - Galaxy Magnetic Materials (300127) closed at 35.60, up 0.76% with a trading volume of 165,800 lots [1] - Zhongke Sanhuan (000970) closed at 13.95, up 0.94% with a trading volume of 210,500 lots [1] Group 3: Capital Flow - The metal new materials sector saw a net outflow of 5.57 million yuan from main funds, while retail investors contributed a net inflow of 20.7 million yuan [1]

Core Viewpoint - The actual controllers of Zhongke Magnetic Industry, Wu Zhongping and Wu Shuangping, received administrative regulatory measures from the Zhejiang Securities Regulatory Bureau due to undisclosed private agreements that led to inaccurate disclosures in the company's financial reports [1][2][3]. Group 1: Regulatory Actions - Wu Zhongping and Wu Shuangping received a warning letter from the Zhejiang Securities Regulatory Bureau for failing to disclose a private shareholding agreement signed in June 2024, which resulted in inaccuracies in the 2024 semi-annual and annual reports [1][2]. - The Shenzhen Stock Exchange also issued a regulatory letter to Wu Zhongping and Wu Shuangping, reminding them of their obligations to comply with disclosure regulations and maintain honest trading practices [3]. Group 2: Company Response - The company emphasized its commitment to rectifying the issues raised in the regulatory measures and improving compliance with relevant laws and regulations [2]. - Zhongke Magnetic Industry plans to enhance the awareness of legal compliance among its personnel and ensure timely and accurate information disclosure in the future [2]. Group 3: Company Background - Zhongke Magnetic Industry was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on April 3, 2023, with a public offering of 22.15 million shares at a price of 41.20 yuan per share, raising a total of 912.58 million yuan [3][4]. - The net amount raised was 824.83 million yuan, exceeding the original plan by 45.92 million yuan, with funds allocated for various projects including the production of high-performance motor magnetic tiles and a technology center renovation [4].

证券代码：301141 证券简称：中科磁业 公告编号：2025-032 浙江中科磁业股份有限公司 关于实际控制人收到浙江证监局行政监管措施决定书 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 虚假记载、误导性陈述或重大遗漏。 浙江中科磁业股份有限公司（以下简称"公司"）实际控制人、董事长兼总经 理吴中平先生、实际控制人吴双萍女士于2025年10月17日收到中国证券监督管理 委员会浙江监管局（以下简称"浙江证监局"）下发的行政监管措施决定书《关 于对吴中平、吴双萍采取出具警示函措施的决定》〔2025〕226号（以下简称"决 定书"），现将有关情况公告如下： 一、行政监管措施决定书的主要内容 "吴中平、吴双萍： 我局在现场检查中发现你们于 2024 年 6 月私下签订《委托持股协议》，且 未将上述事项告知浙江中科磁业股份有限公司（以下简称公司）及董秘进行披露， 导致公司《2024 年半年度报告》及《2024 年年度报告》中相关持股信息披露不 准确。 公司上述行为违反了《上市公司信息披露管理办法》（证监会令第 182 号） 第三条规定。吴中平作为实际控制人、董事长兼总经理，吴双萍作为实际控 ...