Core Viewpoint - The company, Xinde New Materials (信德新材), positions itself as a leading player in the anode coating materials sector, highlighting its comprehensive product matrix and strong market presence [1] Group 1: Industry Position - The company is recognized as an industry leader in the anode coating materials field, offering a complete product matrix with two major categories, four specifications, and over ten models that cover various softening points [1] - It is one of the few manufacturers capable of covering the mainstream product softening point range in the anode coating materials market [1] Group 2: Competitive Advantages - The company has built a strong reputation among major clients due to its excellent independent R&D capabilities, meticulous quality control system, and rapid market response mechanism [1] - It has established strategic cooperation agreements or framework agreements with several leading anode material companies, resulting in stable and continuous customer relationships [1] - The company enjoys a high market share in the anode coating materials sector [1]

Market Overview - As of November 18, the Shanghai Composite Index closed at 3939.81 points, down 32.22 points, a decline of 0.81% [1] - The Shenzhen Component Index closed at 13080.49 points, down 121.52 points, a decline of 0.92% [1] - The ChiNext Index closed at 3069.22 points, down 35.98 points, a decline of 1.16% [1] High Turnover Stocks - A total of 100 A-shares had a turnover rate exceeding 20% on November 18, with six stocks, including Beikong Detection and C Hengkong, having turnover rates above 50% [1] - Beikong Detection (stock code: 920160) had a closing price of 26.50 yuan and a turnover rate of 88.46%, with a price increase of 295.52% [1] - C Hengkong (stock code: 688727) closed at 61.55 yuan, with a turnover rate of 81.36% and a price increase of 310.61% [1] - Other notable stocks with high turnover rates include C Nanshu (75.35% turnover, 224.78% increase) and Zhongfutong (53.96% turnover, -3.19% decrease) [1] Additional High Turnover Stocks - Other stocks with significant turnover rates include: - Xue Ren Group (50.33% turnover, -2.55% decrease) [1] - Jianglong Boat (46.42% turnover, -2.02% decrease) [1] - Xuanya International (44.73% turnover, 20.01% increase) [1] - Hongxiang Co. (44.63% turnover, 5.98% increase) [1] - The list continues with various companies showing diverse performance in terms of turnover and price changes [2][3][4]

Group 1 - The core point of the news is that Xinde New Materials (信德新材) has experienced a significant decline in stock price, closing at 56.93 yuan with a drop of 12.28%, resulting in a total market capitalization of 5.807 billion yuan [1] - Xinde New Materials was listed on the Shenzhen Stock Exchange's ChiNext board on September 9, 2022, with an initial public offering (IPO) of 17 million shares at a price of 138.88 yuan per share [1] - The highest stock price recorded since the IPO was 180 yuan, indicating that the stock is currently in a state of decline [1] Group 2 - The company raised a total of 236.096 million yuan through its IPO, with a net amount of 216.58238 million yuan after deducting issuance costs, which exceeded the original fundraising plan by 151.58238 million yuan [1] - The funds raised are intended for projects including the industrial upgrade of a 30,000-ton carbon materials production project, a research and development center, and to supplement working capital [1] - The total issuance costs amounted to 19.51362 million yuan, with the lead underwriter, CITIC Securities, receiving 17.50674 million yuan as underwriting fees [1] Group 3 - On May 24, 2023, Xinde New Materials announced a dividend distribution plan, where shareholders would receive a cash dividend of 10.00 yuan per 10 shares, totaling 68 million yuan [2] - The company also planned to increase capital by issuing 5 additional shares for every 10 shares held, using the capital reserve [2] - The record date for the dividend distribution was set for May 30, 2023, with the ex-dividend date on May 31, 2023 [2]

Group 1 - The battery chemicals sector experienced a significant surge, with companies such as Fengyuan Co. and Shida Shenghua hitting the daily limit up [1] - Huasheng Lithium Battery and Haike New Source saw increases of over 10% [1] - Other companies including Tianli Lithium Energy, Xinde New Materials, Xiangfenghua, Wukuang New Energy, and Defang Nano also showed positive performance [1]

Macro Research - The monetary policy framework continues to emphasize "appropriate monetary policy" and "maintaining reasonable growth in financial aggregates," with a shift towards combining counter-cyclical and cross-cyclical adjustments, reflecting the requirements of the 14th Five-Year Plan [1][2][3] - The central bank's focus is transitioning from merely short-term counter-cyclical support to a more forward-looking layout that optimizes efficiency and structural adjustments to better serve long-term economic goals [3][4] Strategy Research - The technology manufacturing sector remains highly prosperous, with rising prices in memory chips and an improved outlook for the lithium battery supply chain due to tight supply and demand [4][5] - Real estate demand is weak, with a significant decline in passenger vehicle sales, while coal demand has improved, leading to a substantial price increase [4][5] Energy Equipment and New Energy Research - The future expansion of the capacity pricing mechanism for energy storage is expected to enhance the economic viability of storage solutions across more provinces, significantly boosting demand in 2026 [8][9] - The introduction of a compensation standard for energy storage in Inner Mongolia at 0.28 yuan/kWh is anticipated to stimulate storage demand [10][25] Agriculture Research - The pet consumption sector showed strong performance during the Double 11 shopping festival, with domestic brands rising in rankings and companies like Zhongchong Co. performing exceptionally well [11][12][14] - The pet industry is experiencing a shift towards higher quality and more emotional consumption behaviors, indicating a trend of pet products becoming more integrated into family life [14][12]

证券代码：301349 证券简称：信德新材 公告编号：2025-056 本公司及董事会薪酬与考核委员会全体成员保证信息披露的内容真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 （1）公示内容：本次激励计划预留授予激励对象的姓名和职务； （2）公示时间：2025年10月27日至2025年11月6日； （3）公示方式：公司内部张贴； （4）反馈方式：在公示期内，员工可通过电话、书面或邮件方式反映情况，公 司董事会薪酬与考核委员会对相关反馈进行记录及核查； （5）公示结果：公示期满，公司董事会薪酬与考核委员会未收到任何异议，无 反馈记录。 2、薪酬与考核委员会对激励对象的核查方式 辽宁信德新材料科技（集团）股份有限公司（以下简称"公司"）于2025年10月 24日召开第二届董事会第十五次会议审议通过了《关于向2024年限制性股票激励计 划激励对象授予预留部分限制性股票的议案》，具体内容详见公司于2025年10月27 日在巨潮资讯网上披露的相关公告。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深圳 证券交易所创业板股票上市规则》（以下简称"《上市规则》"）、《深圳证券交 易所创业板上市 ...

Core Viewpoint - Xinde New Materials is a leading enterprise in the field of anode coating materials in China, with strong R&D capabilities and a complete industry chain advantage [1] Group 1: Business Performance - For Q3 2025, Xinde New Materials reported revenue of 842 million yuan, ranking 40th among 44 companies in the industry, while the industry leader, Zhongwei Co., achieved revenue of 33.297 billion yuan [2] - The net profit for the same period was 37.884 million yuan, ranking 21st in the industry, with the top performer, Putailai, reporting a net profit of 1.872 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 17.04%, an increase from 14.78% year-on-year, significantly lower than the industry average of 51.96% [3] - The gross profit margin for Q3 2025 was 10.91%, up from 3.15% year-on-year, exceeding the industry average of 10.89% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 18.03% to 12,600, while the average number of circulating A-shares held per account increased by 41.59% to 3,887.09 [5] Group 4: Business Highlights - In Q3 2025, the company shipped 20,000 tons of products, with a full-year shipment target of 80,000 tons, representing a 33% year-on-year increase [5] - The company expects to increase its high-end product ratio to 40-50% in 2026, which will further enhance unit profitability [5] - The gross profit margin for the anode coating materials business improved to 10.83%, with a significant year-on-year increase of 8.08 percentage points [6]

本次权益变动后，尚融宝盈及其一致行动人尚融聚源合计持有的公司股份比 例由 6.0322%减少至 5.9999%，变动触及 1%的整数倍。现将具体情况公告如下： 股东尚融宝盈（宁波）投资中心（有限合伙）及其一致行动人上海尚融聚源 股权投资中心（有限合伙）保证向本公司提供的信息内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 辽宁信德新材料科技（集团）股份有限公司（以下简称"公司"）于2025 年9月25日在巨潮资讯网披露了《关于持股5%以上股东减持股份的预披露公告》 （公告编号：2025-049）。合计持有公司5%以上股份的股东尚融宝盈（宁波）投 资中心（有限合伙）（以下简称"尚融宝盈"）及其一致行动人上海尚融聚源股 权投资中心（有限合伙）（以下简称"尚融聚源"），计划自本公告披露之日起 15个交易日之后的3个月内以集中竞价和/或大宗交易方式减持公司股份不超过 3,028,200股（占剔除回购专户股份数后公司总股本的3%，占公司A股总股本的 2.9688%）。 近日，公司收到尚融宝盈出具的《关于减持股份比例触及1%整数倍的告知函》。 ...

Core Viewpoint - The company announced a planned reduction of shares by a major shareholder, which is not expected to impact the company's control or ongoing operations significantly [1] Group 1: Shareholder Reduction Plan - The shareholder, Shangrong Baoying (Ningbo) Investment Center, plans to reduce its holdings by up to 3,028,200 shares within three months after a 15 trading day period [1] - The reduction will be executed through centralized bidding and/or block trading methods [1] - The shareholder has already reduced its holdings by 32,900 shares from October 28 to October 29, 2025, which represents 0.0323% of the company's total share capital [1] Group 2: Impact on Shareholding Structure - Following the recent reduction, the combined shareholding of Shangrong Baoying and its acting-in-concert party has decreased from 6.0322% to 5.9999% [1] - The reduction has triggered a change that touches upon the 1% integer threshold, but it does not lead to a change in control of the company [1] - The overall reduction plan remains incomplete and is not expected to have a significant impact on the company's ongoing operations [1]

Group 1: Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 842 million yuan, a year-on-year increase of 48.94% [3] - The net profit attributable to shareholders was 31 million yuan, reflecting a year-on-year growth of 246.20% [3] - The net profit excluding non-recurring gains and losses was 11 million yuan, up 124.81% year-on-year [3] - In Q3, the net profit attributable to shareholders reached 21 million yuan, with a year-on-year increase of 405.28% and a quarter-on-quarter increase of 723.91% [3] Group 2: Factors Influencing Profitability - The improvement in profitability in Q3 was driven by increased sales of the main product, negative electrode coating materials, with a noticeable enhancement in product structure [3] - The sales of by-products peaked in Q3, leading to a significant improvement in profitability due to higher sales prices and strong market demand [3] Group 3: Product Pricing and Market Strategy - The average selling price of negative electrode coating materials increased in Q3 due to a higher proportion of mid-to-high-end products sold [3] - The company plans to adjust its sales strategy based on market demand, considering factors such as raw material prices and industry competition [4] Group 4: Production Capacity and Future Plans - The company currently has a total production capacity of 70,000 tons per year for negative electrode coating materials, with production bases in Dalian and Chengdu [5] - Future capacity planning will be based on market expansion and actual downstream demand, aiming for "precise expansion" while maintaining cost advantages [5] Group 5: New Product Development - The company aims to enhance its technical advantages in negative electrode coating materials, focusing on differentiated products for fast-charging and ultra-fast charging applications [6] - Significant R&D efforts are being directed towards the development of asphalt-based carbon fibers, with applications in photovoltaic, fiber optics, and semiconductor industries [6][7] Group 6: Inventory and Product Validation - The inventory of negative electrode coating materials is low, indicating a full production and sales state [7] - The validation of asphalt-based carbon fiber products is progressing well in various fields, with ongoing efforts in the semiconductor sector due to higher product requirements [7]