长江商报消息 联瑞新材（688300.SH）再添发展新动力。 11月24日，联瑞新材公告，公司发行可转债申请获证监会同意注册批复。公司拟募集资金6.95亿元，用 于高性能高速基板用超纯球形粉体材料项目、高导热高纯球形粉体材料项目以及补充流动资金。 长江商报记者注意到，本次募集资金投资项目围绕联瑞新材主营业务展开，有利于进一步巩固其在行业 的市场地位。 募资扩产背后，有公司稳健增长的经营基本面作为支撑。2025年前三季度，公司实现营收8.24亿元、归 母净利润2.2亿元，同比增幅均在19%左右。 根据公告披露，联瑞新材本次拟募集的6.95亿元资金中，将主要投向两大高端材料项目：高性能高速基 板用超纯球形粉体材料项目与高导热高纯球形粉体材料项目。剩余2亿元资金将用于补充流动资金，优 化公司财务结构。 长江商报记者注意到，早在2025年2月，联瑞新材就披露了将对外投资"高性能高速基板用超纯球形粉体 材料项目"。该项目原计划投资总金额约3亿元，此次发布的可转债预案中，联瑞新材根据项目建设需要 追加调整该项目投资总额为4.23亿元，拟使用募集资金2.55亿元。 上述项目建成后，将形成年产3600吨高性能高速基板用超纯球 ...

每经AI快讯，壹石通（SH 688733，收盘价：27.45元）11月25日晚间发布公告称，2025年11月24日，公 司召开第四届董事会第十五次会议，审议通过了《关于2025年第二次以集中竞价交易方式回购公司股份 方案的议案》。本次回购的股份将在未来适宜时机用于员工持股计划或股权激励。本次回购的资金总额 不低于人民币2000万元（含），不超过人民币4500万元（含）。本次回购股份的价格不超过人民币 45.75元/股（含），不高于公司董事会通过回购股份决议前30个交易日公司股票交易均价的150%。回购 期限自公司董事会审议通过本次回购方案之日起不超过12个月。 每经头条（nbdtoutiao）——688496，被证监会立案！刚上市业绩就变脸，亏损超1亿元；核心产品受重 创：第一大客户"自产自用"，减少采购 （记者 曾健辉） 2024年1至12月份，壹石通的营业收入构成为：无机非金属功能性粉体材料占比99.64%，其他业务占比 0.36%。 截至发稿，壹石通市值为55亿元。 ...

每经AI快讯，壹石通（SH 688733，收盘价：26.15元）11月23日晚间发布公告称，截至2025年11月21 日，公司通过上海证券交易所交易系统以集中竞价交易方式累计回购公司股份约124万股，占公司总股 本的比例为0.619%，回购成交的最高价为30元/股，最低价为24.29元/股，支付的资金总额为人民币约 3349万元。 2024年1至12月份，壹石通的营业收入构成为：无机非金属功能性粉体材料占比99.64%，其他业务占比 0.36%。 截至发稿，壹石通市值为52亿元。 每经头条（nbdtoutiao）——"抛售日本"？GDP负增长，股市跳水，国债被抛，日元贬值！高市早苗"亡 命一搏"："灌水"21万亿！专家：恐赴"特拉斯风暴"后尘 （记者 曾健辉） ...

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Yishitong, including stock price movement and trading volume [1][2] - On November 12, Yishitong's stock dropped by 5.18%, with a trading volume of 545 million yuan. The financing buy-in amount was 84.99 million yuan, while the financing repayment was 59.65 million yuan, resulting in a net financing buy-in of 25.34 million yuan [1] - As of November 12, the total margin balance for Yishitong was 296 million yuan, which accounts for 4.60% of its circulating market value, indicating a high level compared to the past year [1] Group 2 - As of September 30, the number of shareholders for Yishitong increased to 12,600, representing an 18.41% rise, while the average circulating shares per person decreased by 15.55% to 15,899 shares [2] - For the period from January to September 2025, Yishitong reported operating revenue of 435 million yuan, reflecting a year-on-year growth of 16.03%. However, the net profit attributable to the parent company was a loss of 13.83 million yuan, a significant decrease of 193.67% compared to the previous year [2] - Yishitong has cumulatively distributed dividends of 116 million yuan since its A-share listing, with 79.23 million yuan distributed over the past three years [3]

Group 1 - The company Yishitong (SH 688733) announced its first share buyback on October 10, 2025, repurchasing approximately 28,100 shares, which represents 0.0141% of its total share capital of about 200 million shares [1] - The highest price for the repurchased shares was 25.95 CNY per share, while the lowest price was 25.79 CNY per share, with a total expenditure of approximately 730,000 CNY [1] - As of the report date, Yishitong's market capitalization stands at 5.2 billion CNY [1] Group 2 - For the fiscal year 2024, Yishitong's revenue composition indicates that inorganic non-metallic functional powder materials account for 99.64% of total revenue, while other businesses contribute 0.36% [1]

Group 1 - The company Yishitong (SH 688733) announced on October 9 that it has opened a dedicated securities account for share repurchase at the Shanghai branch of China Securities Depository and Clearing Corporation, but has not yet initiated the repurchase plan, which will be implemented based on market conditions in the future [1] - For the fiscal year 2024, Yishitong's revenue composition is as follows: inorganic non-metallic functional powder materials account for 99.64%, while other businesses account for 0.36% [1] - As of the report date, Yishitong has a market capitalization of 5.5 billion yuan [1]

Group 1 - Company Yishitong (SH 688733) announced a share repurchase plan with a total fund amounting to no less than RMB 30 million and no more than RMB 55 million [1] - The repurchase price will not exceed RMB 40.69 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1] - The implementation period for the share repurchase is set to be within 12 months from the board's approval date [1] Group 2 - As of the latest report, Yishitong's market capitalization stands at RMB 5.3 billion [2] - The company's revenue composition for the year 2024 indicates that inorganic non-metal functional powder materials account for 99.64% of total revenue, while other businesses contribute 0.36% [1]

Group 1 - The core point of the article is that Yishitong (SH 688733) announced a share repurchase plan during its board meeting held on September 11, 2025, which is aimed at enhancing shareholder value [1] - For the fiscal year 2024, Yishitong's revenue composition is heavily weighted towards inorganic non-metallic functional powder materials, accounting for 99.64% of total revenue, while other businesses contribute only 0.36% [1] - As of the report, Yishitong has a market capitalization of 5.3 billion yuan [1]

Core Viewpoint - The company, Yishitong (688733), held a performance briefing on August 28, 2025, to discuss its half-year results and future prospects, with participation from various investment firms and analysts [1][2]. Financial Performance - For the first half of 2025, the company's main revenue reached 272 million yuan, a year-on-year increase of 13.52%. However, the net profit attributable to shareholders was -17.48 million yuan, a decline of 399.99% [16]. - In Q2 2025, the company reported a single-quarter revenue of 152 million yuan, up 20.82% year-on-year, but the net profit was -680,500 yuan, down 102.87% [16]. Research and Development - The company's R&D expenses as a percentage of revenue increased year-on-year, primarily due to the previous year's significant share-based payment reduction. The R&D investment slightly grew as the company intensified its focus on projects like high-purity quartz sand and solid oxide fuel cells [2][3]. Product Performance - The shipment volume of the lithium battery coating material, barium stone, continued to grow in the first half of 2025, with a notable increase in Q2. The company is optimistic about achieving its annual shipment target for barium stone [2][3]. - The price of barium stone products decreased compared to the same period last year, but prices for major clients have stabilized [3]. Project Development - The company is transitioning its solid oxide fuel cell (SOFC) products from pilot testing to industrialization, with the first demonstration project expected to be operational by the end of 2025 [4]. - The high-purity quartz sand project has completed technical indicators and performance optimization, and is currently validating downstream products [6]. Market Trends - The company’s barium stone products are positioned to benefit from the industry's shift towards quality and safety, particularly in the lithium battery sector [12]. - The company is exploring applications of barium stone in solid-state batteries, with ongoing research in collaboration with domestic clients [13]. Production Capacity - The production capacity utilization rate for barium stone is currently above 70% [10]. - The Chongqing base's thermal conductive spherical aluminum project has been delayed to September 2025 due to process optimization and administrative approvals [11]. Investment Outlook - Recent institutional ratings indicate a bullish outlook, with two firms issuing "buy" ratings and a target price of 29.6 yuan [17]. - The stock has seen a net inflow of 116 million yuan in financing over the past three months, indicating increased investor interest [19].

Group 1 - The company, Yishitong (SH 688733), announced the convening of its 11th meeting of the 4th board of directors on August 27, 2025, to discuss organizational restructuring [1] - For the year 2024, Yishitong's revenue composition is as follows: inorganic non-metallic functional powder materials account for 99.64%, while other businesses account for 0.36% [1] - As of the report date, Yishitong has a market capitalization of 5.4 billion yuan [1]