Core Viewpoint - The company announced advancements in the development of heavy rare earth-free magnetic materials, highlighting two main technological pathways for achieving high-performance materials [1] Group 1: Technological Pathways - The first pathway involves formula design and process optimization to develop high-performance heavy rare earth-free magnetic materials [1] - The second pathway utilizes grain boundary diffusion technology to infiltrate elements such as praseodymium, neodymium, copper, and gallium into the surface of magnetic materials to achieve high performance [1] Group 2: Product Development - The company has successfully achieved mass production of the N50SH material, while the N52SH material is currently undergoing small batch verification [1] - Future research and development efforts will focus on other high-performance grades of heavy rare earth-free materials to continuously promote product technology upgrades [1]

Group 1: Market Dynamics and Material Performance - The potential for samarium iron nitrogen and cerium iron boron to replace neodymium iron boron is limited due to high prices of praseodymium and neodymium. Current samarium iron nitrogen on the market is primarily adhesive type, with sintered types still in R&D, making it less competitive [2][3] - In high-end applications such as consumer electronics and new energy vehicles, neodymium iron boron remains irreplaceable due to its superior performance characteristics, despite the introduction of lower-cost alternatives [3] Group 2: Production Capacity and Customization - The company’s products are highly customized and non-standardized, making it impossible to directly convert production capacity into neodymium iron boron equivalents. Capacity planning is based on specific order requirements and product characteristics [3][4] - The company has achieved small-scale delivery of magnetic materials for humanoid robots, which require high precision and dynamic response, but the overall impact on company performance is currently minimal [3] Group 3: Development of Rare Earth Alternatives - Two main approaches exist for reducing the content of regulated elements like dysprosium and terbium in magnetic materials: one through formulation design and process optimization, and the other via grain boundary diffusion techniques [4] - The company has successfully mass-produced N50SH materials and is in the small-scale validation phase for N52SH materials, with ongoing R&D for other high-performance rare earth-free materials [4]

Group 1 - The core point of the article is that 英思特 (Instech) announced the convening of its fourth board meeting on October 27, 2025, to review the proposal for the third quarter report of 2025 [1] - For the first half of 2025, the revenue composition of 英思特 shows that rare earth permanent magnet components accounted for 90.25%, while other businesses made up 9.75% [1] - As of the time of reporting, 英思特 has a market capitalization of 9.3 billion yuan [1]

证券代码：301622 证券简称：英思特 公告编号：2025-056 包头市英思特稀磁新材料股份有限公司 关于 2025 年前三季度计提信用及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。 包头市英思特稀磁新材料股份有限公司（以下简称"公司"）根据《深圳证券 交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》《深圳证券 交易所创业板上市公司自律监管指南第 1 号——业务办理：第一章信息披露第二 节定期报告披露相关事宜》《企业会计准则》等相关规定，本着谨慎性原则，对 合并报表范围内截至 2025 年 9 月 30 日的各类资产进行了全面清查，并进行了充 分的分析和评估，对可能发生减值损失的资产计提减值准备，计提资产减值准备 和信用减值损失共计 18,375,376.90 元。现将具体事宜公告如下： 一、本次计提减值准备情况概述 1、本次计提减值准备的原因 根据《企业会计准则》《深圳证券交易所创业板股票上市规则》等有关规定， 为真实、准确反映公司财务状况、资产价值及经营成果，公司对截至 2025 年 9 月 30 日合并报表范围内 ...

包头市英思特稀磁新材料股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开第四届董事会第三次会议，审议通过了《关于调整独立董事薪酬的议 案》，基于审慎原则，全体独立董事对本议案回避表决，该议案尚需提交公司 股东会审议。现将有关情况公告如下： 根据《上市公司独立董事管理办法》《公司章程》等相关规定，为建立科 学合理的激励机制，充分调动独立董事履职积极性，进一步促进独立董事的勤 勉尽责，结合公司经营规模、行业薪酬水平及区域经济环境等因素，拟对公司 独立董事薪酬（津贴）方案调整如下：由每人每年津贴为人民币 6 万元（税前） 调整为每人每年津贴为人民币 9.6 万元（税前）。除前述薪酬（津贴）方案调 整外，津贴发放方式、实施程序等保持不变，调整后公司第四届董事会独立董 事的薪酬（津贴）方案具体如下： 一、本方案适用对象 公司第四届董事会独立董事。 二、本方案适用期限 证券代码：301622 证券简称：英思特 公告编号：2025-057 包头市英思特稀磁新材料股份有限公司 关于调整独立董事薪酬（津贴）方案的公告 本公司及监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 ...

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、董事会会议召开情况 包头市英思特稀磁新材料股份有限公司（以下简称"公司"）第四届董事会第 三次会议通知已于 2025 年 10 月 24 日通过邮件方式送达全体董事。会议于 2025 年 10 月 27 日以现场及通讯表决相结合的方式在公司会议室召开，其中独立董事 胡凤霞女士通过通讯表决方式出席会议。本次会议应出席董事 6 名，实际出席董 事 6 名。会议由董事长周保平先生召集并主持，公司高级管理人员列席了会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法律、法规、 规范性文件和《公司章程》的有关规定，会议合法、有效。 证券代码：301622 证券简称：英思特 公告编号：2025-055 包头市英思特稀磁新材料股份有限公司 第四届董事会第三次会议决议公告 二、董事会会议审议情况 经与会董事认真讨论，审议并通过如下事项： 1、审议通过了《关于公司<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》的内容真实、准确、 完整地反映了公司 2025 年第三季度 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥434,593,697.39, representing a year-on-year increase of 19.03% and a cumulative revenue of ¥1,026,659,626.37 for the year, up 20.94%[5] - Net profit attributable to shareholders decreased by 44.36% in Q3 to ¥45,548,859.25, with a year-to-date net profit of ¥122,533,182.55, down 10.90%[5] - Basic and diluted earnings per share fell by 58.51% to ¥0.39 for the quarter, with a year-to-date figure of ¥1.06, down 32.91%[5] - Total operating revenue for the current period reached ¥1,026,659,626.37, an increase of 20.9% compared to ¥848,877,513.33 in the previous period[23] - Total operating costs amounted to ¥897,845,059.67, up 29.6% from ¥692,723,909.14 in the prior period[23] - Net profit for the current period was ¥122,533,080.97, a decrease of 10.9% from ¥137,523,165.46 in the previous period[24] - Operating profit decreased to ¥134,408,958.00, down 14.5% from ¥157,301,205.95 in the last period[24] - The company reported a basic earnings per share of ¥1.06, down from ¥1.58 in the previous period[25] Assets and Liabilities - Total assets increased by 7.99% to ¥2,447,139,581.18 compared to the end of the previous year[5] - The total liabilities stood at CNY 1,554,041,974.02, indicating a significant portion of the total assets[19] - The total liabilities increased to ¥884,780,490.53 from ¥780,097,100.99, showing a rise of 13.4%[21] - The total equity attributable to shareholders rose to ¥1,560,709,192.23, compared to ¥1,485,877,979.85, marking an increase of 5.0%[21] Cash Flow - Operating cash flow decreased by 46.28% to ¥36,793,037.69 from ¥68,490,810.15, primarily due to increased cash payments to employees[12] - Investment cash flow worsened by 153.92%, with a net outflow of ¥297,607,171.80 compared to ¥117,205,637.42, mainly due to increased purchases of financial products and fixed asset investments[12] - Financing cash flow significantly declined by 1614.00%, resulting in a net outflow of ¥158,178,177.37, attributed to a reduction in bank borrowings[12] - The total cash and cash equivalents at the end of the period were $301,688,128.25, down from $724,630,097.99 at the beginning of the period[27] - The company reported a total cash outflow of $918,548,042.58 from operating activities, an increase of 23.1% from $745,951,886.36[27] Inventory and Receivables - The company reported a significant increase in accounts receivable financing, up 14,768.52% to ¥2,765,544.02, attributed to an increase in high-credit bank acceptance bills[9] - Inventory rose by 56.48% to ¥468,686,035.05, driven by business scale growth and rising raw material prices[9] - Current assets decreased to CNY 1,554,041,974.02 from CNY 1,621,350,972.84, primarily due to a reduction in cash and cash equivalents[19] - Inventory increased significantly to CNY 468,686,035.05, up from CNY 299,526,385.92, indicating a 56.5% rise[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,140, with no preferred shareholders having restored voting rights[14] - The largest shareholder, Zhou Baoping, holds 14.69% of shares, amounting to 17,025,669 shares[14] - The second-largest shareholder, Fei Weimin, owns 11.90% of shares, totaling 13,797,139 shares[14] - The third-largest shareholder, Wang Shichang, possesses 9.12% of shares, equating to 10,568,608 shares[14] - The top ten shareholders collectively hold significant stakes, with the largest non-natural person shareholder, Baotou Yingsite Limited Partnership, owning 7.14%[14] - There are no preferred shareholders with restored voting rights, indicating a focus on ordinary shareholders[14] Expenses and Investments - Management expenses increased by 69.06% to ¥48,428,851.70, primarily due to higher salaries and depreciation costs[11] - Financial expenses surged by 402.74% to ¥4,870,263.06, mainly due to a decrease in net exchange gains compared to the previous year[11] - The company recorded a 1612.14% increase in asset disposal income to ¥1,458,705.91, resulting from increased fixed asset disposals[11] - Research and development expenses increased to ¥52,986,666.49, up from ¥45,468,150.26, indicating a focus on innovation[24] Future Plans - The company plans to expand its operations in Vietnam, with significant investments in new facilities and renovations[9] - The company plans to release new products and expand its market presence in the upcoming quarters[18] - The company is focusing on enhancing its research and development capabilities to drive future growth[18]

证券代码：301622 证券简称：英思特 公告编号：2025-058 包头市英思特稀磁新材料股份有限公司 关于召开 2025 年第三次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创业板股票上市规则》 《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》等法律、行政法规、部门 规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 12 日 15:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 12 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 11 月 12 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2 ...

Core Viewpoint - The stock of YS Technology has shown a year-to-date increase of 29.22%, despite recent declines in the short term, indicating potential volatility in the market [1][2]. Company Overview - YS Technology, established on June 28, 2011, is located in Baotou, Inner Mongolia, and specializes in the research, production, and sales of rare earth permanent magnetic materials [1]. - The company's main revenue sources are magnetic component application devices (50.02%), single magnetic body application devices (40.23%), and other supplementary products (9.75%) [1]. Financial Performance - For the first half of 2025, YS Technology reported a revenue of 592 million yuan and a net profit attributable to shareholders of 76.98 million yuan, reflecting a year-on-year growth of 38.32% [2]. - Since its A-share listing, the company has distributed a total of 46.37 million yuan in dividends [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 12.14% to 16,100, with an average of 1,795 circulating shares per person, an increase of 13.82% [2]. - Notable new institutional shareholders include Southern CSI 1000 ETF, Huaxia CSI 1000 ETF, and Harvest CSI Rare Earth Industry ETF, indicating growing institutional interest [3].

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]