Market Overview - The plastic sector increased by 0.84% on October 27, with Wanlong Magnetic Plastic leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Top Gainers in the Plastic Sector - Wanlong Weisi (603150) closed at 41.42, up 10.01% with a trading volume of 66,400 shares and a turnover of 269 million yuan [1] - Ningbo Color Masterbatch (301019) closed at 20.34, up 7.51% with a trading volume of 102,400 shares [1] - Jundingda (301538) closed at 86.50, up 6.16% with a trading volume of 33,000 shares [1] - Changhong High-Tech (605008) closed at 18.62, up 3.62% with a trading volume of 62,800 shares [1] - Foshan Plastics Technology (000973) closed at 7.75, up 3.47% with a trading volume of 515,200 shares [1] Market Capital Flow - The plastic sector experienced a net outflow of 263 million yuan from institutional investors, while retail investors saw a net inflow of 36.98 million yuan [2] - The overall market showed a mixed trend with significant individual stock movements [2] Individual Stock Capital Flow - Foshan Plastics Technology (000973) had a net outflow of 44.17 million yuan from institutional investors, while retail investors had a net outflow of 42.13 million yuan [3] - Wanlong Magnetic Plastic (603150) saw a net inflow of 39.34 million yuan from institutional investors, but a net outflow of 16.73 million yuan from retail investors [3] - Dongcai Technology (601208) had a net inflow of 38.08 million yuan from institutional investors, with a net outflow of 55.14 million yuan from retail investors [3]

Financial Performance - The company's revenue for Q3 2025 reached ¥249,090,839.58, representing a year-on-year increase of 10.19%[5] - Net profit attributable to shareholders for Q3 2025 was ¥42,623,620.94, up 21.39% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥41,478,304.77, reflecting a 22.08% increase year-on-year[5] - The company’s total revenue for the first nine months of 2025 was ¥727,650,478.44, a 23.43% increase compared to the same period in 2024[11] - Total operating revenue for the current period reached ¥727,650,478.44, an increase of 23.5% compared to ¥589,503,402.43 in the previous period[33] - Net profit for the current period was ¥137,205,293.35, representing a 18.8% increase from ¥115,473,912.27 in the previous period[34] - Basic and diluted earnings per share increased to ¥1.7501 from ¥1.5383, reflecting a growth of 13.7%[35] Cash Flow and Liquidity - The company reported a significant increase in cash flow from operating activities, with a net amount of ¥94,637,148.40, up 151.71% year-on-year[5] - The company's cash and cash equivalents increased significantly by 855.33% to ¥125,052,418.99 due to improved cash flow from operations[13] - Cash flow from operating activities generated a net amount of ¥94,637,148.40, significantly higher than ¥37,597,012.52 in the prior period[35] - Total cash and cash equivalents at the end of the period reached 234,076,009.18, up from 96,807,597.50 in the previous period[36] - The net increase in cash and cash equivalents was 125,052,418.99, compared to a decrease of 16,556,001.88 in the previous period[36] Assets and Liabilities - The total assets as of September 30, 2025, amounted to ¥1,606,272,797.01, a growth of 6.84% from the end of the previous year[5] - Total liabilities increased slightly to ¥233,623,500.84 from ¥234,438,517.83, showing a reduction of 0.3%[32] - The total liabilities increased, with accounts payable at approximately ¥89.64 million, up from ¥87.87 million, reflecting ongoing operational commitments[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,406[15] - Yang Fengkai and Yang Qiaoyun hold 30.80% and 29.37% of shares respectively, totaling 24,150,668 and 23,029,661 shares[15] - The top 10 shareholders account for significant ownership, with the largest shareholder holding 30.80%[15] - The company maintains a strong shareholder base with no significant changes in the ownership structure noted during the reporting period[15] Strategic Initiatives - The company plans to continue expanding its market presence in the automotive and engineering machinery sectors, leveraging its increased sales performance[11] - The company plans to increase its investment in Jiekafu (Mexico) by $4 million, bringing the total investment to $10 million, which will enhance its operational and market expansion capabilities[18] - The establishment of Jiekafu (Vietnam) is in preparation, aimed at leveraging market opportunities in Southeast Asia to enhance global competitiveness[19] - The Dongguan project has reached the construction milestone of topping out, with the factory expected to be operational by mid-2026[21] - The Shandong subsidiary has officially commenced operations, focusing on business expansion in the North China region, which will improve the company's domestic market responsiveness[23] Research and Development - Research and development expenses rose to ¥35,267,854.55, compared to ¥29,746,301.14 in the previous period, indicating a 18.5% increase[34] - New products and technologies are under development, although specific details were not disclosed in the provided content[16] Governance and Compliance - The company completed structural adjustments in its governance, enhancing operational compliance and governance standards[25] Other Financial Metrics - The company has seen a 441.69% increase in notes receivable, driven by revenue growth[10] - Inventory levels rose to approximately ¥163.09 million, up from ¥140.63 million, indicating a strategic buildup in stock[30] - Short-term borrowings were recorded at ¥31 million, marking the company's engagement in financing activities[30] - Cash inflow from financing activities totaled 53,472,508.05, a decrease from 510,973,317.01 in the prior period[36] - Cash outflow from financing activities was 60,682,979.81, down from 103,161,136.02 in the previous period[36] Audit Status - The third quarter financial report was not audited[37]

Core Viewpoint - The company, Jun Ding Da (301538.SZ), is currently in the testing and validation phase for its tendon products, with research and development progressing according to plan, but has not yet reached a significant milestone that requires disclosure [1] Group 1 - The tendon products are still undergoing testing and validation [1] - Research and development work is advancing as per the established schedule [1] - The projects under development are characterized by long R&D cycles and high uncertainty [1] Group 2 - The testing and validation process involves multiple technical calibrations and scenario adaptations [1] - Progress needs to be made gradually [1]

Core Viewpoint - The company emphasizes its commitment to international expansion as a key part of its development strategy, with ongoing projects in Mexico and Morocco, and plans to explore opportunities in Southeast Asia [1] Group 1: International Operations - The company has established a subsidiary, Jiekafu, in Mexico, which is expected to commence operations by the end of 2024 and is currently in the ramp-up phase [1] - In addition to Mexico, the company is actively advancing the construction of its subsidiary in Morocco [1] Group 2: Future Expansion Plans - The company plans to explore the feasibility of setting up sales networks, warehouses, and manufacturing plants in overseas regions, particularly in Southeast Asia, based on downstream customer demand [1]

Core Viewpoint - The company is actively pursuing international expansion as part of its development strategy, with a focus on establishing operations in various regions, including Southeast Asia [1] Group 1: International Expansion Plans - The company has already invested in Mexico by establishing a subsidiary, Jiekafu, which is set to commence operations by the end of 2024 and is currently in the ramp-up phase [1] - In addition to Mexico, the company is also advancing the construction of its subsidiary in Morocco [1] - Future plans include exploring the feasibility of setting up sales outlets, warehouses, and manufacturing plants in Southeast Asia and other overseas regions based on downstream customer demand [1]

Core Viewpoint - The company, Jun Ding Da (301538.SZ), specializes in the design, research and development, production, and sales of polymer modified protective materials, with no current products directly related to "robotic flexible fabric outerwear" [1] Group 1 - The main business of the company includes functional protective sleeves and functional monofilaments [1] - The company has stated that if there are substantial developments or business layouts in emerging fields in the future, it will strictly adhere to information disclosure regulations [1]

Group 1 - The company, Jun Ding Da (301538.SZ), specializes in the design, research and development, production, and sales of polymer modified protective materials, with main products including functional protective sleeves and functional monofilaments [2] - Currently, the company does not have any products directly corresponding to the "robot flexible fabric outerwear" mentioned in the investor inquiry [2] - The company stated that if there are any substantial developments or business layouts in emerging fields in the future, it will strictly adhere to information disclosure regulations [2]

证券代码：301538 证券简称：骏鼎达 公告编号：2025-040 深圳市骏鼎达新材料股份有限公司 关于注销部分募集资金专户的公告 板上市公司规范运作》等有关法律、法规和规范性文件的规定，结合公司实际情 况，制定了《深圳市骏鼎达新材料股份有限公司募集资金管理制度》（以下简称 "《募集资金管理制度》"）。根据《募集资金管理制度》，公司、子公司江门 骏鼎达新材料科技有限公司、子公司苏州骏鼎达新材料科技有限公司及中信建投 证券股份有限公司于2024年3月分别与招商银行股份有限公司深圳分行、中信银 行股份有限公司广州分行、中国农业银行股份有限公司深圳市分行签署《募集资 金三方监管协议》；公司、中信建投证券股份有限公司与中信银行股份有限公司 广州分行于2025年9月签署《募集资金三方监管协议之补充协议》；公司、子公 司东莞市骏鼎达新材料科技有限公司及中信建投证券股份有限公司与中信银行 股份有限公司广州分行于2025年9月签署《募集资金三方监管协议》。三方监管 协议及补充协议与深圳证券交易所三方监管协议范本不存在重大差异，公司在使 用募集资金时已经严格遵照履行。 三、募集资金专户的情况 截至披露日，公司有 5 个募集资 ...

Group 1 - The core viewpoint of the article is that Kaiyuan Securities has given a "Buy" rating to Jundingda, highlighting its position as a leading company in modified polymer protective materials [2] - Jundingda is recognized for its focus on integrated solutions for robotics, specifically the "tendon + protective sleeve" approach, which is expected to create a second growth curve for the company [2] - The demand for electric vehicles and AI servers is experiencing significant growth, which is beneficial for Jundingda's business prospects [2] Group 2 - The report emphasizes the potential risks associated with macroeconomic fluctuations, the slower-than-expected industrialization of humanoid robots, and challenges in supply chain integration [2]

Market Overview - On October 10, the plastic sector declined by 0.63% compared to the previous trading day, with Jun Ding Da leading the decline [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Notable gainers in the plastic sector included: - Nalco Co. (002825) with a closing price of 10.74, up 10.04% and a trading volume of 241,600 shares, totaling 253 million yuan [1] - Ningbo Color Masterbatch (301019) closed at 19.85, up 6.61% with a trading volume of 123,400 shares, totaling 241 million yuan [1] - Qide New Materials (300995) closed at 52.01, up 5.50% with a trading volume of 46,800 shares, totaling 241 million yuan [1] - Major decliners included: - Jun Ding Da (301538) closed at 91.16, down 5.26% with a trading volume of 21,900 shares, totaling 205 million yuan [2] - Jinfat Technology (600143) closed at 21.28, down 4.14% with a trading volume of 1,736,600 shares, totaling 3.737 billion yuan [2] - Dongcai Technology (601208) closed at 19.52, down 3.60% with a trading volume of 364,500 shares, totaling 716 million yuan [2] Capital Flow - The plastic sector experienced a net outflow of 361 million yuan from institutional investors, while retail investors saw a net inflow of 291 million yuan [2][3] - Notable capital flows included: - Foshan Plastics (000973) had a net inflow of 10.2 million yuan from institutional investors, but a net outflow of 15.74 million yuan from retail investors [3] - Shenkai Co. (002361) saw a net inflow of 66.57 million yuan from institutional investors, with retail investors experiencing a net outflow of 42.09 million yuan [3] - Nalco Co. (002825) had a net inflow of 65.37 million yuan from institutional investors, with retail investors also facing a net outflow of 33.06 million yuan [3]