Core Viewpoint - 瑞泰科技 is a leading company in the refractory materials industry in China, focusing on the research, production, and sales of refractory materials, with a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, 瑞泰科技 reported revenue of 2.844 billion yuan, ranking third among eight companies in the industry, with the top company, Beijing Lier, at 5.446 billion yuan and the second, Pona, at 4.176 billion yuan [2] - The main business composition includes 1.181 billion yuan from steel refractory materials, accounting for 60.17%, and 253 million yuan from other high-temperature kiln refractory materials, accounting for 12.90% [2] - The net profit for the same period was 33.36 million yuan, ranking fifth in the industry, with the top company, Beijing Lier, at 352 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, 瑞泰科技's asset-liability ratio was 69.94%, down from 71.25% year-on-year, which is higher than the industry average of 45.51% [3] - The gross profit margin for the same period was 13.50%, down from 15.13% year-on-year, and lower than the industry average of 18.99% [3] Group 3: Executive Compensation - The chairman, Chen Rongjian, received a salary of 1.2486 million yuan in 2024, an increase of 172,900 yuan from 2023 [4] - The major shareholder is China Building Materials Science Research Institute Co., Ltd., with the actual controller being China National Building Material Group Corporation [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 5.08% to 19,000, while the average number of circulating A-shares held per household decreased by 4.83% to 12,100 [5] - Despite sales pressure in H1 2025, effective cost reduction measures led to a slight improvement in cash flow, with cost control measures saving 25.27 million yuan and revenue increase measures adding 28.96 million yuan [5]

Company Overview - Langfang Yunyang Refractory Materials Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Zhang Binbin [1] Business Scope - The company is engaged in the production and sales of refractory materials, fireproof sealing materials, thermal insulation and soundproof materials, and lightweight building materials [1] - It also manufactures and sells non-metallic mineral products, coatings (excluding hazardous chemicals), and chemical products (excluding licensed chemical products) [1] - The company is involved in construction engineering, specialized construction operations, and labor subcontracting, subject to necessary approvals [1]

Group 1 - The article emphasizes the shift from "passive compliance" to "active compliance" in tax management, highlighting the role of tax authorities in reshaping corporate operational philosophies and enhancing tax credit ratings [1][2] - Henan Mingyang Smart Energy Co., Ltd. is recognized for its continuous A-level tax credit rating over five years, showcasing the importance of tax compliance management in its operations [1] - Puyang Puna High Temperature Materials Group Co., Ltd. has achieved a "ten consecutive A" tax credit rating, reflecting its commitment to compliance and innovation in producing environmentally friendly refractory materials [1][2] Group 2 - The tax authorities in Henan province have established a "one household, one file" tax information database to assist companies in identifying tax risks associated with R&D projects, thereby facilitating compliance and maximizing tax benefits [2] - The annual tax credit evaluation results indicate that the number of taxpayers in Henan province reached 2.3606 million, an increase of 131,100 compared to the same period in 2023, with a positive trend in A and B-level taxpayer numbers [2] - The tax authorities aim to deepen communication with enterprises to ensure compliance becomes a fundamental aspect of business development in Henan [2]

证券简称：东和新材 证券代码：839792 辽宁省海城市牌楼镇南沟村 辽宁东和新材料股份有限公司 Liaoning Donghe New Materials CO.,LTD. 辽宁东和新材料股份有限公司招股说明书 本次股票发行后拟在北京证券交易所上市，该市场具有较高的投资风险。北京证券交易所主 要服务创新型中小企业，上市公司具有经营风险高、业绩不稳定、退市风险高等特点，投资者面 临较大的市场风险。投资者应充分了解北京证券交易所市场的投资风险及本公司所披露的风险因 素，审慎作出投资决定。 保荐机构（主承销商） （住所：东莞市莞城区可园南路一号） 中国证监会和北京证券交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈利 能力、投资价值或者对投资者的收益作出实质性判断或者保证。任何与之相反的声明均属 虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发行人自行 负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担股票依法发行后 因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-1 ...