TRUCHUM(SZ:002171) Hua Xia Shi Bao·2025-10-19 02:35Core Viewpoint - Chujiang New Materials Co., Ltd. reported a net profit increase of over 2000% year-on-year for the first three quarters, making it a standout in the capital market [2][3]. Financial Performance - The expected net profit for the first three quarters is between 350 million to 380 million yuan, representing a year-on-year increase of 2057.62% to 2242.56% [3]. - In the first half of the year, the company achieved an operating income of 28.803 billion yuan, up 16.05% year-on-year, and a net profit of 251 million yuan, an increase of 48.83% [5]. Business Operations - Chujiang New Materials focuses on the research and production of copper-based new materials and military carbon new materials, with products including precision copper strips and copper alloy wires [3][4]. - The company is set to complete several projects this year, including a 50,000-ton high-precision copper alloy strip project and a 20,000-ton ultra-fine copper conductor project for new energy vehicles and robotics [6]. Market Demand - The demand for copper-based new materials is driven by rapid growth in sectors such as 5G communications, AI computing, robotics, new energy vehicles, and photovoltaic energy [4][5]. Subsidiary Developments - Chujiang New Materials has two subsidiaries, Dingli Technology and Tianniao High-tech, which are involved in military materials and new materials technology, respectively [7]. - Dingli Technology reported an operating income of 314 million yuan and a net profit of 68.5 million yuan in the first half of the year [7]. IPO Progress - Dingli Technology is seeking to go public on the Beijing Stock Exchange, with its IPO application accepted in December 2024 [8]. - The company aims to raise 704 million yuan for expansion and R&D, but has faced scrutiny from the exchange regarding its financial projections [8].