登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600423 证券简称：柳化股份 ■ 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 注："本报告期"指本季度初至本季度末3个月期间，下同。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一）主要会计数据和财务指标 重要内容提示： 单位：元 币种：人民币 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误导性陈 述或重大遗漏，并承担个别和连带的法律责任。 单位:元 币种:人民币 ■ 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 （三）主要会计数据、财务指标发生变动的情况、原因 □适用 □不适用 ...

Company Summary - Jinghua New Materials (SH 603683) announced on October 29 that the asset impairment provision will directly impact the profit for the first three quarters of 2025, affecting the total profit by 7.85 million yuan. This impairment provision has not been audited by accountants [1]. - For the year 2024, the revenue composition of Jinghua New Materials is as follows: 92.36% from the chemical raw materials and chemical products manufacturing industry, 7.25% from rubber and plastic products, and 0.39% from other businesses [1]. Industry Summary - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation and a new "slow bull" market pattern emerging [1].

10月28日，卫星化学(002648)未来研发中心（西区）项目主体结构顺利封顶，标志着这座承载卫星集团科技梦想的创新高地，迈入新的建设阶段。按照设 计，卫星化学未来研发中心将集聚超2000名研发人员，设立国际联合实验室、企业研究院和开放共享平台。 站在现场的不仅有建设者，还有一群特别的"未来主人"——卫星化学的青年科研人员。赵勤阳今年刚从浙江大学博士毕业，是卫星研发体系的新生力 量。"想到不久后就能在这栋楼里搞研发，心里很激动。"他说。赵勤阳的研究方向是催化剂国产化，他的目标很简单："让中国自己的新材料从低附加值 的上游，走向高附加值的中下游。" 根据规划，卫星集团将在未来五年累计投入100亿元科研经费，并设立10亿元创新激励基金。这里将成为公司创新体系的"策源地"，聚焦催化剂、新能源 材料、高分子新材料等关键领域，攻克"卡脖子"技术，催生新质生产力。 "科技创新是发展新质生产力的核心要素。"集团副总裁沈晓炜说，未来研发中心的建设，是卫星集团贯彻党的二十届四中全会精神、落实"十五五"创新战 略的具体实践。项目建成后，将以开放协同的创新机制，推动创新链与产业链深度融合，为构建现代化产业体系提供强大支撑。（厉平） ...

Core Viewpoint - Longyan Technology (301618.SZ) reported a slight decline in revenue for the first three quarters of 2025, but showed growth in the third quarter, indicating resilience in the textile printing sector and a strong focus on sustainable products [1][2] Group 1: Financial Performance - For the first three quarters of 2025, the company achieved revenue of 403 million yuan, a year-on-year decrease of 2.7% [1] - In the third quarter, the company generated revenue of 131 million yuan, reflecting a year-on-year increase of 11.25% [1] Group 2: Product Development and Innovation - The company has made significant investments in research and development, with R&D expenses amounting to 23.36 million yuan in the first three quarters of 2025, representing a year-on-year increase of 13.17% [2] - As of mid-2023, the company holds 41 invention patents and 7 utility model patents, showcasing its commitment to innovation [2] - The company has developed 21 products that have received high-tech product certification from Guangdong Province, including environmentally friendly printing materials [2] Group 3: Market Position and Strategy - Longyan Technology focuses on the textile printing sector and has established a strong brand image and customer base, with its water-based printing paste being recognized by major brands such as Adidas, Nike, and Disney [1] - The company plans to deepen the industrial application of digital pastes and expand into new markets such as footwear and furniture, aiming for product diversification and increased market share [2] - Future strategies include enhancing collaboration with brand manufacturers and strengthening the marketing network to penetrate international markets [2]

Core Insights - The report highlights a recovery in industrial enterprise profits, with a cumulative year-on-year increase of 3.2% for the first nine months of 2025, compared to 0.9% in the previous period, indicating a positive trend in the industrial sector [5][30] - The report emphasizes the importance of the "Fifteenth Five-Year Plan" and outlines ten investment directions, focusing on economic construction and consumer spending [11][12][18] - The report notes that the central bank's resumption of government bond trading is expected to positively impact the market, providing a new channel for monetary policy [20][21][25] Industry Analysis Agriculture, Forestry, Animal Husbandry, and Fishery - The pig industry is entering a destocking phase, driven by policy and market factors, presenting a good investment opportunity [38] - The beef market is experiencing a cyclical uptrend, supported by strong demand and limited supply recovery [39] - The poultry sector is facing challenges due to disease outbreaks and import uncertainties, but demand is expected to strengthen [40] Food and Beverage - Jin Hui Jiu's revenue for the first three quarters of 2025 was 2.306 billion yuan, a year-on-year decrease of 1.0%, with net profit declining by 2.8% [45] - Qingdao Beer reported a revenue of 29.37 billion yuan for the first three quarters, a year-on-year increase of 1.41%, but faced pressure on profits due to weak demand [50] - Chenguang Biotech's revenue decreased by 3.4% year-on-year, but net profit showed significant growth due to improved profitability in its core business [55] Chemical Industry - Yun Tu Holdings reported a revenue of 15.87 billion yuan for the first three quarters, with a net profit of 675 million yuan, but faced challenges due to weak autumn fertilizer demand [60] - Xingfa Group's revenue for the first three quarters was 23.781 billion yuan, with a net profit of 1.318 billion yuan, benefiting from rising prices of glyphosate and increased sales of specialty chemicals [65] Overall Market Trends - The report indicates a trend of rising profits in the upper and middle reaches of the industrial chain, with a notable recovery in manufacturing profits [7][30] - The report suggests that the economic growth rate may face downward pressure in Q4, but fiscal policies are expected to support market stability [8][18]

证券代码： 600596 证券简称：新安股份 公告编号：2025-056 号 主要产品 2025 年第三季度 生产量（吨） 2025 年第三季度 销售量（吨） 2025 年第三季度 销售金额(万元） 农化原药 25,583.14 6,397.32 20,005.83 农化制剂 49,657.77 51,330.80 83,743.59 环体硅氧烷 42,800.14 21,783.60 24,095.21 硅氧烷中间体 29,826.71 19,279.86 20,233.10 有机硅硅橡胶 19,644.51 20,372.05 39,610.68 特种单体 5,159.07 4,179.85 5,319.38 金属硅产品 29,920.99 16,930.84 14,642.74 精细化学品 61,550.12 62,283.99 32,995.49 一、 主要产品的产量、销量及收入实现情况 二、 主要产品的价格变动情况（不含税） | 主要产品 | 2025 年第三季度 平均价格 | 2025 年第二季度 平均价格 | 2024 年第三季度 平均价格 | 环比变动 比率 | 同比变动 比率 | | --- ...

Core Viewpoint - The company, Multi-Fur, is experiencing a significant boost in performance and stock price due to favorable market conditions, including rising lithium hexafluorophosphate prices and strong demand for cylindrical batteries [1][3]. Financial Performance - In the third quarter, the company reported revenue of approximately 24 billion yuan, a year-on-year increase of about 5.18%, and a net profit of 2672.44 million yuan [2]. - For the first three quarters, the company achieved revenue of around 67.29 billion yuan, with a net profit of 7805.46 million yuan, marking a substantial year-on-year increase of 407.74% [2]. Market Dynamics - The price of lithium hexafluorophosphate rose from 56,800 yuan per ton in September to 68,800 yuan per ton in October, an increase of over 21% [3]. - The current market price for spot orders has reached 90,000 yuan per ton, driven by surging demand from the new energy and energy storage sectors [3]. Production Capacity and Future Plans - Multi-Fur currently has a production capacity of 65,000 tons of lithium hexafluorophosphate and expects to ship around 50,000 tons this year, with projections of 60,000 to 70,000 tons by 2026 [3]. - The company is on track to complete 22 GWh of battery production capacity by the end of this year, with plans to reach 30 GWh in the first quarter of next year and approximately 50 GWh by the end of the year [4]. Strategic Investments - On October 22, the company announced a significant investment of 15 billion yuan in a full industrial chain project for fluorine-core batteries, which is expected to add 100 GWh of cylindrical battery capacity and generate an output value of 30 billion yuan upon reaching full production [4]. Industry Position - Multi-Fur is a leading player in the lithium hexafluorophosphate market, with a production capacity of 65,000 tons per year, ranking behind Tianqi Lithium, which has a capacity of 112,000 tons per year [5]. - The industry is characterized by a trend of increasing concentration, with leading companies benefiting from scale effects and integrated advantages [5].

10月19日，宁波巨化化工科技有限公司15万吨/年PDO/PTT(1,3-丙二醇/聚对苯二甲酸丙二醇酯)一体化装 置顺利投料试车并产出首批合格产品，实现一次开车成功，标志着我国在聚酯新材料领域打破了国外长 期技术垄断。 据了解，宁波巨化联合中国科学院大连化学物理研究所、上海寰球工程有限公司，经多年的潜心研究， 工程化多相催化乙烯氢甲酰化技术，并实现单原子催化剂的全球首次工业应用。项目采用先进的化学法 工艺，通过引进、消化、吸收、再创新，成功突破技术壁垒。相较国际主流的生物法路线，该技术在工 艺稳定性、原料供应保障等方面优势显著，不仅摆脱了对外技术依赖，更构建起全流程高效闭环的循环 生产体系。 PTT被誉为"聚酯之王"，凭借优异的回弹性、染色性能和环保特性，广泛应用于高端纺织、工程塑料等 关键领域。此次宁波巨化建成的装置，是全球单体产能最大的PDO/PTT一体化生产装置。 ...

Core Viewpoint - The announcement highlights a strategic partnership between Chuanfa Longmang and Fujilin Precision Engineering to establish a joint venture focused on lithium iron phosphate production, indicating a significant investment in the new energy materials sector [1] Group 1: Investment Details - Chuanfa Longmang's wholly-owned subsidiary, Deyang Chuanfa Longmang, has signed an investment cooperation agreement with Jiangxi Shenghua New Materials, a subsidiary of Fujilin Precision Engineering [1] - The registered capital for the joint venture, named Fujilin Longmang New Materials Co., Ltd., is set at 660 million yuan, with Jiangxi Shenghua contributing 337 million yuan (51%) and Deyang Chuanfa Longmang contributing 323 million yuan (49%) [1] - The joint venture will focus on a project with an annual capacity of 175,000 tons of high-pressure lithium iron phosphate, with a total projected investment of 1.961 billion yuan [1]

Suspension and Resumption of Trading - Shiwai New Materials: The offer period for Zhi Yuan Heng Yue's acquisition has ended, and the stock is suspended for one day [1] - Zhongyuan Co., Ltd.: The actual controller is planning a change in company control, with a suspension period not exceeding three trading days [1] - Delong Huineng: The actual controller has changed to Ms. Sun Weijia, and the stock has resumed trading [1] Share Buyback - Haida Group: Plans to repurchase shares worth between 1 billion to 1.6 billion yuan, with a maximum repurchase price of 62.00 yuan per share [2] Investment Cooperation and Operational Status - Yunnan Energy Investment: Huaping Yuneng New Energy Co., Ltd. is investing in the Huaping West Wind Power Project with a capacity of 150 MW and a total investment of 780 million yuan; Honghe Yuneng Investment New Energy Development Co., Ltd. is investing in the Yongning Wind Power Project (Phase IV) with a capacity of 87.1 MW and a total investment of 453 million yuan; Yongsheng Yuneng New Energy Co., Ltd. is investing in the Aguzi Wind Power Project with a capacity of 100 MW and a total investment of 619 million yuan [3] - Xiasha Precision: Plans to raise no more than 800 million yuan through a private placement for the industrialization of core components of intelligent transmission systems, equipment development, technology research, and working capital [3] - Suzhou Tianmai: Plans to invest no more than 600 million yuan in the construction of an intelligent manufacturing base for thermal conductive products, which will add an annual production capacity of 18 million high-end uniform temperature plates [3] - Fulian Precision: Jiangxi Shenghua plans to invest in a new high-density lithium iron phosphate project with an annual production capacity of 350,000 tons in the Deyang-Abazhou Ecological Economic Industrial Park, with an estimated total investment of 4 billion yuan [3] - Renxin New Materials: Plans to invest in an integrated project for polystyrene new materials with a total investment of 3.8 billion yuan in cooperation with the Huizhou Daya Bay Economic and Technological Development Zone [3] - New World: Signed a cooperation agreement for GLP-1 class long-acting peptide innovative drugs [4] Performance Changes - Keli Yuan: Third-quarter net profit of 80.43 million yuan, a year-on-year increase of 2,836.88% [5] - Hailian Jinhui: Third-quarter net profit of 76.87 million yuan, a year-on-year increase of 1,000.56% [5] - Tianqiao Hoisting: Third-quarter net profit of 41.29 million yuan, a year-on-year increase of 618.70% [5] - Shengyi Electronics: Third-quarter net profit of 584 million yuan, a year-on-year increase of 545.95% [5] - Huasheng Tiancai: Third-quarter net profit of 219 million yuan, a year-on-year increase of 563.58% [5] - Boliang Optoelectronics: Third-quarter net profit of 11.53 million yuan, a year-on-year increase of 470.61% [5] - Geling Deep Vision: Third-quarter revenue of 51.76 million yuan, a year-on-year increase of 453.28% [5] - Jibite: Third-quarter net profit of 570 million yuan, a year-on-year increase of 307.70% [5] - Mingzhi Electric: Third-quarter net profit of 22.88 million yuan, a year-on-year increase of 215.97% [6] - Shengyi Technology: Third-quarter net profit of 1.017 billion yuan, a year-on-year increase of 131.18% [6] - Jingce Electronics: Third-quarter net profit of 72.42 million yuan, a year-on-year increase of 123.44% [6] - Feirongda: Third-quarter net profit of 120 million yuan, a year-on-year increase of 120.52% [6] - Xingqi Eye Medicine: Third-quarter net profit of 264 million yuan, a year-on-year increase of 117.45% [6] - State Grid Yingda: Third-quarter net profit of 1.086 billion yuan, a year-on-year increase of 102.49% [6] - Guanghong Technology: Third-quarter net profit of 99.61 million yuan, a year-on-year increase of 99.68% [6] - China Shipbuilding: Third-quarter net profit of 2.074 billion yuan, a year-on-year increase of 97.56% [6] - Huasheng Securities: Third-quarter net profit of 848 million yuan, a year-on-year increase of 97.61% [6] - Aofei Data: Third-quarter net profit of 57.55 million yuan, a year-on-year increase of 90.36% [6] - Giant Network: Third-quarter net profit of 640 million yuan, a year-on-year increase of 81.19% [6] - Tianneng Co., Ltd.: Third-quarter net profit of 491 million yuan, a year-on-year increase of 81.92% [6] - Yutong Bus: Third-quarter net profit of 1.357 billion yuan, a year-on-year increase of 78.98% [6] - Aerospace Intelligent Manufacturing: Third-quarter net profit of 259 million yuan, a year-on-year increase of 73.98% [6] - Jucheng Co., Ltd.: Third-quarter net profit of 115 million yuan, a year-on-year increase of 67.69% [6] - Longqi Technology: Third-quarter net profit of 152 million yuan, a year-on-year increase of 64.46% [6] - Zhaoyi Innovation: Third-quarter net profit of 508 million yuan, a year-on-year increase of 61.13% [6] - Sunshine Power: Third-quarter net profit of 4.147 billion yuan, a year-on-year increase of 57.04% [6] - Hudian Co., Ltd.: Third-quarter net profit of 1.035 billion yuan, a year-on-year increase of 46.25% [6] - South Grid Energy Storage: Third-quarter net profit of 601 million yuan, a year-on-year increase of 43.41% [6] - Jiangxi Copper: Third-quarter net profit of 1.849 billion yuan, a year-on-year increase of 35.20% [6] - Haowei Group: Third-quarter net profit of 1.182 billion yuan, a year-on-year increase of 17.26% [6]