Core Viewpoint - Haike Xinyuan has demonstrated strong revenue growth in the first three quarters of 2025, driven by increased production capacity and demand from the power battery and energy storage markets [1][2] Group 1: Financial Performance - The company achieved a revenue of 3.653 billion yuan in the first three quarters, representing a year-on-year increase of 43.17% [1] - In Q3 alone, revenue reached 1.337 billion yuan, showing a significant year-on-year increase of 80.43% [1] - The increase in revenue is attributed to the commissioning of new production facilities and a rise in production and sales volume [1] Group 2: Market Dynamics - As a key supplier of electrolyte raw materials, Haike Xinyuan benefits from the dual drivers of the power battery and energy storage markets [1] - The "golden September and silver October" sales peak in the power sector and favorable policies in the energy storage sector have boosted demand for raw materials [1] - Recent price increases in key materials like lithium hexafluorophosphate and VC are driven by demand-side market improvements rather than cost factors, indicating potential for higher profit margins in the future [2] Group 3: Strategic Initiatives - The company has increased its R&D expenditure to approximately 121 million yuan, higher than the same period last year, indicating a focus on long-term development [2] - The growth of prepaid expenses by 73% compared to the beginning of the period signals active business operations and proactive material preparation [2] - Overall, Haike Xinyuan is showcasing strong operational vitality and promising future development potential through new capacity releases and ongoing R&D investments [2]

南财智讯10月26日电，斯迪克公告，2025年前三季度公司实现营业收入22.39亿元，同比增长11.57%； 归属于上市公司股东的净利润4527万元，同比下降15.81%。基本每股收益0.10元，同比下降16.67%。 ...

Core Insights - The company achieved operating revenue of 1.232 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 3.32% [1] - The net profit attributable to shareholders of the listed company was 58 million yuan, showing a year-on-year decline of 1.86% [1] - Basic earnings per share were 0.27 yuan, down 3.57% compared to the previous year [1]

Group 1 - Fubon Technology announced the approval of a proposal to use idle self-owned funds to purchase financial products, with a limit not exceeding 200 million RMB [1] - The investment will be made in low to medium-risk financial products with high safety and good liquidity, through channels including commercial banks and securities companies [1] - The usage period for the funds is 12 months starting from October 27, 2025, and the funds can be rolled over within this limit [1] Group 2 - In 2024, Fubon Technology's revenue composition is as follows: 86.37% from chemical raw materials and chemical products manufacturing, 12.03% from food manufacturing, 1.36% from other industries, and 0.24% from technical services [1] - The current market capitalization of Fubon Technology is 2.7 billion RMB [1]

每经头条（nbdtoutiao）——金价大"崩盘"：12年来最大单日跌幅背后，四大指标早已预警！后市怎么 走？华尔街吵翻了 2025年1至6月份，惠通科技的营业收入构成为：双氧水占比41.31%，生物降解材料占比31.37%，尼龙 占比13.9%，其他业务占比13.42%。 截至发稿，惠通科技市值为45亿元。 每经AI快讯，惠通科技（SZ 301601，收盘价：32.11元）10月26日晚间发布公告称，公司第四届第四次 董事会会议于2025年10月23日在公司会议室召开。会议审议了《关于<2025年第三季度报告>的议案》 等文件。 （记者 王晓波） ...

华盛锂电10月26日公告，2025年第三季度实现营业收入1.89亿元，同比增长46.89%；归属于上市公司股 东的净利润亏损3023.56万元；基本每股收益-0.19元。 ...

本报电 （记者李家鼎）近日，天津大学科研团队在催化科技前沿取得重大突破，在催化反应中实现近 100%的贵金属原子利用率，使得贵金属原子的催化价值在微观尺度上得以极致发挥，为新一代高效、 低成本催化剂的设计与制备开辟了新路径，将助力化工生产更加低碳、高效、可持续。相关研究成果近 日在国际学术期刊《科学》发表。 论文通讯作者、天津大学教授巩金龙表示，该技术有望显著降低工业对稀有金属资源的依赖，推动化工 生产向"低耗、高效、绿色"方向转型。天津师范大学、北京大学及浙江工业大学也参与了合作研究。 《 人民日报 》（ 2025年10月26日 05 版） (责编：胡永秋、杨光宇) 关注公众号：人民网财经 在传统催化反应中，贵金属原子易聚集成较大颗粒，导致大量原子埋藏在颗粒内部，无法参与表面反 应，催化效率较低。这一问题在丙烯生产的关键工艺丙烷脱氢中尤为突出。面对这一挑战，天津大学科 研团队经过近10年持续攻关，研发出"原子抽提"技术，实现了近100%的贵金属原子利用率，极大提高 了丙烷脱氢制丙烯的催化效率。相比传统催化剂，该方法可使贵金属用量减少约90%，成功解决了丙烯 产业长期面临的催化剂成本高、贵金属资源依赖强等问题 ...

徐绍祖（联系人） 18665881888 xushaozu@wkqh.cn 交易咨询号： Z0022675 原油止跌反弹， 苯乙烯暂时企稳 苯乙烯周报 从业资格号：F03115061 2025/10/25 CONTENTS 目录 01 周度评估及策略推荐 04 成本端 02 期现市场 05 供给端 【行情资讯】 政策端：市场存在委内瑞拉地缘升级预期，原油价格止跌反弹。 估值：苯乙烯周度跌幅（期货＞成本＞现货），基差走弱，BZN价差下降，EB非一体化装置利润上涨。 成本端：上周华东纯苯现货价格下跌-3.08%，纯苯期货活跃合约价格下跌-0.16%，纯苯基差下跌166元/吨，纯苯开工高位震荡。 供应端：EB产能利用率71.88%，环比下降-2.35%，同比去年上涨2.10%，较5年同期下降-8.20%。根据投产计划观察，四季度供 需格局或将转变，供应端压力或将小幅缓解。 进出口：9月国内纯苯进口量为435.07万吨，环比下降-1.39%，同比去年上涨2.88%，主要为中东地区货源。9月EB进口量24.66 万吨，环比下降-8.39%，同比上涨2.42%。上周纯苯港口库存及江苏港口EB库存高位持续累库。 03 利润 ...

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [3]. Core Views - The company's Q3 2025 performance met expectations, with a revenue of 34.771 billion yuan, a year-on-year increase of 7.73%, and a net profit attributable to shareholders of 3.755 billion yuan, up 1.69% year-on-year. However, Q3 2025 revenue decreased by 12.15% year-on-year, and net profit fell by 38.21% year-on-year [1][3]. - The company is focusing on catalyst technology and high-end new materials, planning to invest 3 billion yuan in high-performance catalyst projects [3]. - The company has established a comprehensive industrial chain in the C2 and C3 sectors, with significant production capacities in glycol, polyethylene, and acrylic acid, positioning itself as a leader in the domestic market [3]. Financial Data and Valuation - The projected total revenue for the company is expected to grow from 41.487 billion yuan in 2023 to 61.708 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 12% [2]. - The net profit attributable to shareholders is projected to be 4.789 billion yuan in 2023, increasing to 8.680 billion yuan by 2027, with a CAGR of around 21% [2][15]. - The earnings per share (EPS) is expected to be 1.42 yuan in 2023, rising to 2.58 yuan in 2027, reflecting a strong growth trajectory [2][15]. - The current price-to-earnings (PE) ratio is projected to decrease from 12.8 in 2023 to 7.1 in 2027, indicating potential undervaluation [2][3]. Market Performance - The company's stock price is currently at 18.24 yuan, with a total market capitalization of 61.4 billion yuan [3]. - The report notes a slight decline in stock performance over the past month, with an absolute performance of -2% [5].

Core Insights - A new company named Jingna Huifeng (Qingyang) New Materials Co., Ltd. has been established with a registered capital of 100 million RMB [1] Company Overview - The legal representative of the company is Zhang Xudong [1] - The company is involved in various business activities including the manufacturing of basic chemical raw materials, chemical products, and specialized chemical products [1] - The company also engages in the sale of synthetic materials and food additives, as well as providing environmental consulting services and technical services [1] Business Scope - The company is authorized to conduct hazardous goods transportation and hazardous waste management, subject to relevant approvals [1] - The general projects include the production of non-hazardous chemical products and specialized chemical products [1] - The company can independently operate legal projects that are not prohibited or restricted by laws and regulations [1]