Core Viewpoint - The demand for high-end metal powder products is rising, coupled with a decrease in costs, leading to positive net profit growth for the leading company in the micro-nano metal powder industry in the first half of the year [1] Group 1: Financial Performance - The company, Jiangxi Yuean New Materials Co., Ltd., reported a revenue of 203 million yuan, a year-on-year decrease of 0.76% [1] - The net profit attributable to shareholders was 37.9864 million yuan, reflecting a year-on-year increase of 3.54% [1] - The net profit after deducting non-recurring gains and losses was 35.0706 million yuan, up 4.83% year-on-year [1] Group 2: Product Demand and Market Position - The company specializes in the research, production, and sales of micro-nano metal powder new materials, focusing on carbonyl iron powder and atomized alloy powder [2] - The micro-nano metal powder products are widely used in various end applications, including 3C precision parts, electronic components, automotive parts, diamond tools, and 3D printing materials [2] - The company is one of the few in China capable of large-scale production of carbonyl iron powder and has advanced technology in both water atomization and gas atomization alloy powder processes [2][3] Group 3: Innovation and R&D - The company has increased its R&D investment by 14.08% year-on-year, emphasizing technological innovation to support sustainable development [4] - The company has successfully developed ultra-fine carbonyl iron powder products suitable for multiple high-end fields, reinforcing its leading position in the carbonyl iron powder niche market [4] - The company has deepened cooperation with several automotive electronic component manufacturers, providing customized high-performance material solutions to enhance product reliability [5]

上证报中国证券网讯 8月27日盘后，悦安新材发布的2025年半年报显示，报告期内，公司经营业绩整体保持稳定：实现营业收入2.03亿元，较上年同期下降0.76%；净利润3798.64万元，较 报告期内，公司始终将新技术研发与新产品迭代置于战略优先位置，通过优化资源配置、强化跨部门协同机制，统筹推进生产运营与研发项目进程，为后续市场拓展储备了核心竞争力。 在消费电子领域，公司延续2024年的市场拓展势头，持续实现突破。凭借在材料研发与生产上的深厚技术积累，公司的折叠屏手机专用高强钢粉末及金属注射成型喂料产品，凭借优异的高强度 目前，公司已成功开发出最高2100MPa等级别的折叠屏手机专用高强钢粉末及MIM喂料，在荣耀、VIVO等多个知名手机品牌中得到广泛应用，有效满足了终端市场对产品设计和功能的更高需求 新兴应用领域，公司紧密追踪工业互联网AI算力、汽车电子等新兴行业的发展动态，在高性能软磁材料领域持续加大研发资源投入，并取得了一系列成果。公司推出适配高频及超高频应用场景的 在新能源汽车领域，公司产品应用于驱动电机、车载充电机、智能悬挂等核心部件，为新能源汽车的高效运行提供了有力支持；在GPU/CPU供电模块中， ...

Core Points - The company has revised its articles of association to better protect the rights of shareholders, employees, and creditors while ensuring compliance with relevant laws [1][3][4] - The role of the legal representative has been clarified, stating that the chairman of the board serves as the legal representative of the company [1][2] - The company’s shares are divided into equal shares, and shareholders are liable for the company’s debts only to the extent of their subscribed shares [3][4] Group 1 - The articles of association serve as a legally binding document that governs the relationship between the company, shareholders, directors, supervisors, and senior management [3][4] - The company must establish a Communist Party organization and provide necessary conditions for its activities [3] - The issuance of shares must adhere to principles of openness, fairness, and justice, ensuring equal rights for all shares of the same category [4][5] Group 2 - The company is prohibited from providing financial assistance for others to acquire its shares or those of its parent company, except for employee stock ownership plans [6][7] - The company can increase its capital through various methods, including public offerings and private placements, as decided by the shareholders' meeting [8][9] - The company may repurchase its shares under specific circumstances, such as reducing registered capital or responding to dissenting shareholders [10][11] Group 3 - The company’s shares can be transferred in accordance with the law, and there are restrictions on the transfer of shares held by directors and senior management for a specified period [15][16] - Shareholders holding more than 5% of the shares must report any pledges of their shares to the company [35] - The company’s controlling shareholders and actual controllers must act in accordance with laws and regulations to protect the interests of the company and its shareholders [36][37]

Core Viewpoint - The company has completed the investment project funded by the excess proceeds from its initial public offering (IPO) and plans to permanently supplement its working capital with the remaining excess funds amounting to RMB 28.2731 million [1][5][8]. Summary of Relevant Sections Overview of IPO Fundraising - The company raised a total of RMB 379.4 million from the IPO by issuing 20 million shares at RMB 18.97 per share, with a net amount of RMB 344.0017 million after deducting issuance costs [1][2]. - The excess funds raised amounted to RMB 100.6892 million after accounting for the total investment of RMB 243.3125 million in two projects [3][4]. Management of IPO Funds - The company established a fundraising management system in compliance with relevant laws and regulations, including a tripartite supervision agreement with banks to manage the funds [2][3]. Use of Excess Funds - The company has utilized RMB 73.402 million for the "New Powder Metallurgy Products Project," which had a committed investment of RMB 100.6892 million [4]. - The remaining excess funds will be used to enhance working capital for daily operations, following the completion of the project [5][8]. Reasons for Remaining Funds - The company achieved cost savings through careful management and procurement processes, leading to a reduction in the expected equipment costs due to advancements in domestic technology [4][8]. Plan for Remaining Excess Funds - The company intends to use the remaining excess funds to permanently supplement its working capital, which will improve operational efficiency and reduce financial costs [5][8]. Approval Process - The board of directors, supervisory board, and independent directors have approved the plan to use the remaining excess funds, which will be submitted for shareholder approval [9][10].

Summary of Key Points Core Viewpoint - The company intends to conclude the investment project funded by the excess raised capital from its initial public offering and permanently supplement its working capital with the remaining funds, which aligns with regulatory requirements and aims to enhance operational efficiency [1][6][7]. Fundraising Overview - The company raised a total of RMB 379.4 million by issuing 20 million shares at RMB 18.97 each, with a net amount of RMB 344.0 million after deducting issuance costs [1][2]. - The excess funds raised amounted to RMB 10.07 million, which will be utilized for operational needs [3][6]. Investment Project Details - The main investment projects include the construction of a 4,000-ton high-grade powder metallurgy component project and a technology renovation project for powder metallurgy new materials, with a total investment of RMB 243.31 million [3][4]. - The project has reached a usable state, allowing for its conclusion and the reallocation of surplus funds [5][6]. Use of Excess Funds - The company plans to use RMB 2.83 million of the surplus funds for permanent working capital, which constitutes 28.08% of the total excess funds [6][7]. - The decision to use excess funds for working capital is based on the need to improve fund utilization efficiency and support business development [5][6]. Approval and Compliance - The proposal to conclude the investment project and use the surplus funds has been approved by the board of directors and requires shareholder approval for execution [7][8]. - The process adheres to relevant regulations and does not harm the interests of shareholders, particularly minority shareholders [7][8].

Core Viewpoint - Haichang New Materials (300885.SZ) has announced that the surplus funds from its initial public offering (IPO) will be permanently allocated to supplement working capital for daily operations, as the "New Powder Metallurgy Products Project" has reached its intended usable state and can be concluded as planned [1] Group 1 - The company has confirmed that the surplus funds amount to RMB 28.2731 million, including bank interest, with the final amount subject to the bank's interest on the day of fund transfer [1] - The decision to allocate surplus funds is aimed at enhancing the company's operational liquidity for ongoing production activities [1]

转自：前瞻产业研究院 行业主要上市公司：九菱科技(873305.BJ);东睦股份(600114.SH);安泰科技(000969.SZ);海昌新材 (300885.SZ);杭齿前进(601177.SH)。 本文核心内容：粉末冶金行业产业链;粉末冶金行业全景图谱 粉末冶金行业产业链全景梳理 随着世界经济、科技的不断发展，一些新技术、新材料被广泛地应用于生产和生活之中。其中有色冶金 粉体材料如镍粉、铜粉、钴粉及合金粉末等也被广泛地应用于家电、摩托车、电动工具、汽车工业等许 多行业和领域，其市场需求量与日剧增，在新型高科技产业应用前景更为广阔。从粉末冶金零件行业的 产业链来看，上游为原材料及设备，中游为粉末冶金产品生产，下游为汽车工业、新能源基础设施、航 空航天、医疗器械、工程机械等行业，可以认为，粉末冶金行业是典型的中间加工制造业。 粉末冶金行业产业链区域热 力地图：/河北省为主要聚集地 根据中国企业数据库企查猫，目前中国粉末冶金注册企业主要集中在和河北省，此外山东省、江苏省、 浙江省也具有不少布局粉末冶金业务相关的企业。 当前，我国粉末冶金产业链各环节诞生了多个领先厂商，上游原材料代表性厂商包括有研新材、斯瑞新 ...

雷达财经 文|冯秀语 编|李亦辉 8月22日，鲁银投资(600784)发布2025年半年度报告,报告期实现营业收入16.52亿元，同比减少2.62%，归属上市公司股东的净利润1.29亿元,同比减少 27.35%，扣除非经常性损益后的归属于上市公司股东的净利润1.23亿元，同比减少29.04%，基本每股收益0.19元，同比减少26.92%。 目前，公司董事长为杨耀东，董秘为杨晓玥，员工人数为2601人，实际控制人为山东省人民政府国有资产监督管理委员会。 公司参股公司39家，包括山东菜央子盐场有限公司、山东省鲁盐集团有限公司、山东鲁晶制盐科技有限公司、山东海晶盐业有限公司、鲁银集团禹城粉末冶 金制品有限公司等。 在业绩方面，公司2022年至2024年营业收入分别为37.89亿元、33.48亿元和33.79亿元，同比分别增长25.47%、-11.64%和0.92%。归母净利润分别为3.24亿 元、2.64亿元和3.01亿元，归母净利润同比增长分别为41.69%、-18.85%和14.33%。同期，公司资产负债率分别为45.47%、41.74%和39.46%。 在风险方面，天眼查信息显示，公司自身天眼风险296条，周 ...

Core Viewpoint - Tianfeng Securities issued a report on August 14, giving Dongmu Co., Ltd. (600114.SH, latest price: 26.05 yuan) a "buy" rating based on strong growth in MIM and continuous improvement in profitability [2] Group 1: MIM Growth and Applications - MIM is experiencing strong growth, which is complemented by cost reduction and efficiency enhancement, leading to sustained improvement in profitability [2] - The three major platforms are collaborating effectively, with MIM enabling diverse application scenarios such as foldable screen hinges, AI, and robotics [2] Group 2: P&S and SMC Opportunities - In the P&S segment, hybrid vehicles maintain core scenarios while robotic gears are opening new opportunities [2] - The SMC segment is seeing growth potential driven by demand for automotive applications and AI computing power [2]

Group 1 - The company has technological reserves in additive manufacturing, injection molding, and powder pressing for lightweight robotic components [1] - The company is currently in discussions with leading enterprises regarding the development of related components [1] - Stakeholders are encouraged to keep an eye on the company's announcements for further updates [1]