Group 1 - The core viewpoint of the articles indicates that Minshida (920394) is expected to achieve significant progress in its fundraising projects by the first quarter of 2026, with new production lines potentially creating a second growth curve for the company [1] - The "new functional paper-based materials" production line of 1500 tons began trial production in June 2025 with an operating rate of approximately 50%, and is expected to be completed by the first quarter of 2026 [1] - The RO membrane substrate and wet non-woven fabric industrialization projects have been initiated, with plans to commence production in the first quarter of 2026, alongside customer development efforts [1] Group 2 - The stock performance of Minshida has been active from January to February 2026, with the stock price reaching a historical high on January 23, 2026, with a single-day increase of 11.09% [2] - On February 11, 2026, the stock price rose again by 5.07%, closing at 57.16 yuan per share, resulting in a total market capitalization of 8.36 billion yuan [2] - Institutional interest is reflected in the holdings of funds such as Jiashi, Huaxia, and Bosera, which have either heavily invested or increased their positions in the company [2] Group 3 - For the first three quarters of 2025, the company reported revenue of 343 million yuan, representing a year-on-year increase of 21.77%, and a net profit of 91.17 million yuan, up 28.88% year-on-year [3] - However, the growth rate in the third quarter has slowed, necessitating observation of whether the company can maintain its growth momentum in subsequent quarters [3]
民士达募投项目预计2026年一季度取得关键进展