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拿下最高50亿元大单,博迁新材“一字”涨停
Core Viewpoint - 博迁新材 has signed a strategic cooperation agreement with Company X, projecting sales of 5420 to 6495 tons of nickel powder from August 2025 to December 2029, with estimated sales revenue of approximately 43 to 50 billion yuan [1] Company Summary - 博迁新材 was established in November 2010 and went public in December 2020, focusing on the R&D, production, and sales of high-end metal powder materials for electronics [1] - The company’s main products include nano and sub-micron nickel powder, copper powder, and silver powder, with nickel powder primarily used in the production of MLCCs and applications in consumer electronics and automotive electronics [1] Financial Performance - In 2024, 博迁新材 achieved operating revenue of 945 million yuan, a year-on-year increase of 37.22%, and a net profit attributable to shareholders of 87.48 million yuan, marking a return to profitability [1] - Nickel-based product revenue in 2024 was 685 million yuan, up 36.85%, with a gross margin increase of 6 percentage points to 24.36% [2] - Copper-based product revenue grew by 56.35% to 122 million yuan, with a gross margin increase of 3.53 percentage points to 18.63% [2] - Export revenue reached 574 million yuan in 2024, a 50.27% increase, with a gross margin of 30.26% [2] - Domestic sales revenue was 284 million yuan, up 26.35% [2] - In the first half of 2025, 博迁新材 reported operating revenue of 519 million yuan, an 18.30% year-on-year increase, and a net profit of 106 million yuan, a significant growth of 93.34% [2] Industry Insights - The performance of 博迁新材 is closely linked to the demand for MLCCs, with the MLCC industry entering a new growth cycle after hitting bottom in 2023 [3] - The global MLCC market is projected to grow by 7% year-on-year to 104.2 billion yuan in 2024, with expectations to reach 112 billion yuan in 2025 [3] - 博迁新材 is expected to benefit from the domestic substitution trend in high-end nickel powder, supported by its advantages in PVD technology and increasing shipment ratios of 80nm products [3]
博迁新材拿下镍粉产品大单销售额预计超43亿
(原标题:博迁新材拿下镍粉产品大单销售额预计超43亿) 博迁新材表示,协议的履行预计将对公司本年度及以后期间的经营业绩产生积极影响。因协议存在一定 时间交货周期,具体收入需根据协议履约、交货进度逐步体现,收入确认存在不确定性,预计的销售金 额不构成业绩预测。 公开信息显示,博迁新材主营业务为电子专用高端金属粉体材料的研发、生产和销售,产品主要包括纳 米级、亚微米级镍粉和亚微米级、微米级铜粉、银粉、银包铜粉、合金粉。其中镍粉主要应用于MLCC 的生产,并广泛应用到消费电子、汽车电子等其他工业领域。2025年上半年,公司实现销售收入5.19亿 元,同比增长18.30%;实现净利润1.06亿元,同比增长93.34%。 9月28日晚间,博迁新材(605376)公告称,公司及子公司广新进出口与某公司(下称"X公司")签署《战 略合作协议书》,约定自2025年8月起至2029年12月31日期间,预计向X公司销售5420—6495吨镍粉产 品。按照预计数量、公司目前产品售价及汇率估算,销售金额约43亿元至50亿元。 此次合作的达成,一方面基于博迁新材在镍粉领域的技术积累与品质优势,另一方面受益于MLCC行业 的持续增长。 ...
博迁新材拿下镍粉产品大单 销售额预计超43亿
Zheng Quan Shi Bao· 2025-09-28 18:24
此次合作中,博迁新材将成为X公司在中国境内的独家镍粉供应商,同时X公司获得特定型号产品的独 家购买权。 公告提及,X公司生产能力预计持续增加,对应镍粉需求量同步增加,而博迁新材产品品质持续优化, 可满足X公司的品质要求;因交易涉及商业秘密,公司已履行内部涉密信息披露豁免程序,X公司具体 信息及协议部分内容暂不对外披露。 采购计划方面,为保障供应链稳定,协议约定X公司需提前30天向博迁新材书面通知每月具体采购数 量,博迁新材将据此制定精准的生产计划,确保及时交付。考虑到MLCC(片式多层陶瓷电容器)行业需 求易受下游电子市场波动影响,协议特别约定,若市场环境或X公司自身需求发生变化,双方可协商调 整采购数量。 定价机制方面,博迁新材采用"原材料平均价格+加工费"的报价模式,因主要原材料采购价格受大宗商 品及相关商品期货价格影响较大,协议明确,采购价格在目前价格基础上经友好协商确定。若X公司认 为市场价格发生显著变化,可以提供书面说明,双方另行友好协商。 博迁新材表示,协议的履行预计将对公司本年度及以后期间的经营业绩产生积极影响。因协议存在一定 时间交货周期,具体收入需根据协议履约、交货进度逐步体现,收入确认存在 ...
博迁新材股价涨5.15%,兴业基金旗下1只基金重仓,持有30万股浮盈赚取77.1万元
Xin Lang Cai Jing· 2025-09-16 03:36
Core Insights - The stock of Jiangsu Boqian New Materials Co., Ltd. increased by 5.15% on September 16, reaching a price of 52.52 CNY per share, with a trading volume of 420 million CNY and a turnover rate of 3.13%, resulting in a total market capitalization of 13.739 billion CNY [1] Company Overview - Jiangsu Boqian New Materials Co., Ltd. was established on November 5, 2010, and went public on December 8, 2020. The company specializes in the research, production, and sales of high-end metal powder materials for electronics [1] - The revenue composition of the company includes: nickel-based products (76.28%), copper-based products (10.27%), other (supplementary) products (6.34%), silver powder (4.95%), and alloys (2.16%) [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Industrial Bank, the Industrial Energy Innovation Stock A (013049), has a significant position in Boqian New Materials. In the second quarter, the fund reduced its holdings by 157,400 shares, maintaining 300,000 shares, which represents 2.31% of the fund's net value, ranking as the tenth largest holding [2] - The Industrial Energy Innovation Stock A (013049) was established on August 31, 2021, with a current size of 277 million CNY. Year-to-date returns are 30.47%, ranking 1496 out of 4222 in its category; over the past year, returns are 57.58%, ranking 1706 out of 3804; since inception, the fund has experienced a loss of 3.75% [2] Fund Manager Profile - The fund manager of Industrial Energy Innovation Stock A (013049) is Zou Hui, who has been in the position for 4 years and 297 days. The total asset size of the fund is 5.774 billion CNY, with the best return during the tenure being 83.92% and the worst return being -6.24% [3]
博迁新材股价跌5.06%,长盛基金旗下1只基金重仓,持有15.68万股浮亏损失36.69万元
Xin Lang Cai Jing· 2025-09-04 06:33
Company Overview - Jiangsu Boqian New Materials Co., Ltd. is located in Suqian City, Jiangsu Province, and was established on November 5, 2010. The company went public on December 8, 2020. Its main business involves the research, production, and sales of high-end metal powder materials for electronics [1]. - The revenue composition of the company includes nickel-based products at 76.28%, copper-based products at 10.27%, other supplementary products at 6.34%, silver powder at 4.95%, and alloys at 2.16% [1]. Stock Performance - On September 4, Boqian New Materials' stock fell by 5.06%, closing at 43.95 yuan per share, with a trading volume of 250 million yuan and a turnover rate of 2.09%. The total market capitalization is 11.497 billion yuan [1]. Fund Holdings - Longsheng Fund has a significant holding in Boqian New Materials, with its Longsheng Transformation Upgrade Mixed Fund (001197) holding 156,800 shares, unchanged from the previous period. This represents 3.14% of the fund's net value, making it the second-largest holding [2]. - The Longsheng Transformation Upgrade Mixed Fund was established on April 21, 2015, with a current size of 192 million yuan. Year-to-date, it has returned 23.5%, ranking 3094 out of 8180 in its category. Over the past year, it has returned 30.56%, ranking 4447 out of 7978. Since inception, it has incurred a loss of 15.4% [2]. Fund Manager Information - The fund manager of Longsheng Transformation Upgrade Mixed Fund is Wang Bingfang, who has been in the position for 3 years and 46 days. The total asset size of the fund is 370 million yuan. During his tenure, the best fund return was -6.88%, while the worst was -47.99% [3].
博迁新材20250822
2025-08-24 14:47
Summary of the Conference Call for 博迁新材 Company Overview - The company reported a sales revenue of 518.55 million yuan in the first half of 2025, representing an 18.3% year-on-year increase, with a net profit of 105.52 million yuan, up 93.34% year-on-year [3][5][36]. Key Points Industry and Market Trends - The global MLCC market is shifting from scale growth to specification upgrades, with a notable demand for smaller and higher-capacity components driven by AI data centers and electric vehicles [3][7]. - The automotive electronics sector is the largest application market for MLCC, with high-end models requiring approximately 30,000 MLCCs per vehicle [7]. - The photovoltaic industry in China saw over 200 GW of new installations in the first half of 2025, more than doubling year-on-year [8]. Product Performance - Nickel-based products generated sales revenue of 400 million yuan in the first half of 2025, with a gross margin of approximately 37% and a shipment volume exceeding 670 tons [2][5]. - The company’s copper-based products achieved sales revenue of over 53 million yuan, with a gross margin of about 28%, reflecting a 5% year-on-year increase [8]. - The company’s multi-alloy powder shipments increased by over 40% quarter-on-quarter and more than doubled year-on-year [9]. Production Capacity and Expansion Plans - The company plans to build a new factory to add 1,200 tons of ultra-fine nickel powder production capacity and upgrade an existing line to produce an additional 600 tons, totaling 1,800 tons of ultra-fine metal powder [2][6][27]. - A new production line of 600 tons is expected to be operational by the end of Q3 2025, with another line planned for next year [27][28]. Financial Outlook - The company expects to maintain its nickel powder shipment target at around 1,400 tons for the year, despite a projected total shipment of over 1,300 tons in the first half [36]. - The gross margin is anticipated to improve in Q4 2025 due to the introduction of new high-margin products, although overall production capacity will remain stable [37]. Competitive Position and Customer Relationships - The company is the exclusive supplier of high-end nickel powder to Samsung Electro-Mechanics, accounting for over 50% of its revenue [4][19]. - The company’s copper powder technology has a high barrier to entry, making it difficult for competitors to replicate its products [38]. Challenges and Considerations - The company faces challenges in the short term regarding the development of its photovoltaic copper powder products, which require significant improvements in upstream materials or components [16]. - The demand for high-end nickel powder has seen significant growth, but the company’s shipment volumes remain stable due to customer inventory management practices [20]. Future Trends - The multi-alloy powder market is expected to grow at a compound annual growth rate of around 4% over the next seven years, driven by increasing demand for low-loss inductors [9]. - The company is exploring potential adjustments to its pricing strategy in response to market demand changes, although no specific plans have been finalized [29]. Additional Insights - The company’s production capacity is currently fully utilized, with cost reductions primarily achieved through process improvements and yield enhancements [15]. - The shift in customer order structures indicates a trend where domestic manufacturers are taking over lower-end production from Japanese and Korean firms, focusing on high-value products [31][32].
博迁新材:8月20日召开董事会会议
Mei Ri Jing Ji Xin Wen· 2025-08-21 15:15
每经头条(nbdtoutiao)——核心产品净值仅剩7毛钱,昔日"公募一哥"任泽松怎么了?牛市踏空真相曝 光 (记者 张明双) 2024年1至12月份,博迁新材的营业收入构成为:金属粉体材料占比100.0%。 截至发稿,博迁新材市值为126亿元。 每经AI快讯,博迁新材(SH 605376,收盘价:48.05元)8月21日晚间发布公告称,公司第三届第二十 次董事会会议于2025年8月20日在公司全资子公司宁波广新纳米材料有限公司会议室以现场与通讯相结 合的方式召开。会议审议了《关于公司2024年度社会责任报告的议案》等文件。 ...
有研粉材(688456):金属粉体材料领军企业,打造3D打印新增长线
NORTHEAST SECURITIES· 2025-08-12 13:45
Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 52.0 yuan for the next six months, indicating an expected price increase of over 15% compared to the market benchmark [5]. Core Insights - The company, Youyan Powder Materials, is a leading domestic enterprise in metal powder materials, specializing in the design, research, production, and sales of non-ferrous metal powder materials, particularly in copper and tin-based solder powder [1]. - The company has shown consistent growth in performance, with a revenue increase of 20.44% year-on-year, reaching 3.229 billion yuan in 2024, and a net profit increase of 7.73%, totaling 0.59 billion yuan [1]. - The company is expanding its production capacity and enhancing its global presence, with a new copper powder production line in Thailand expected to contribute to profitability by mid-2025 [2]. - The company is actively developing its 3D printing powder materials segment, which has shown significant revenue growth, with a 57.5% increase in 2024 [3]. Financial Performance Summary - In 2024, the company achieved a revenue of 3,229 million yuan, a 20.44% increase from the previous year, and a net profit of 59 million yuan, reflecting a 7.73% growth [4]. - The projected revenues for 2025, 2026, and 2027 are 3,861 million yuan, 4,676 million yuan, and 5,704 million yuan, respectively, indicating a steady growth trajectory [4]. - The gross profit margin for 2024 was reported at 7.6%, a decrease of 0.7 percentage points year-on-year, attributed to increased market competition [1].
2025-2031年微细球形铝粉行业市场运营格局专项调研分析及投资建议可行性预测报告-中金企信发布
Sou Hu Cai Jing· 2025-06-03 03:22
Core Viewpoint - The micro-fine spherical aluminum powder industry is experiencing significant growth due to advancements in production technology and increasing applications across various sectors, including military and civilian markets [5][7][11]. Industry Overview - Micro-fine spherical aluminum powder is characterized by high precision, small span, and clear particle size classification, with high active aluminum content and low oxygen content [2]. - The production of aluminum powder has a history of over 100 years, with air atomization methods being replaced by nitrogen atomization due to safety concerns [6]. Industry Development History - The introduction of air atomization technology from the Soviet Union in the 1950s marked the beginning of aluminum powder production in China, which was later improved by the development of nitrogen atomization technology in the 1990s [6]. - Breakthroughs in micro-fine spherical aluminum powder production technology occurred in 2008, significantly increasing the yield of fine powders with a particle size of less than 10μm [6]. Market Scale and Trends - The production capacity and market scale of micro-fine spherical aluminum powder have been increasing year by year, with the market share of Xuyang New Materials remaining the highest in both domestic and international markets from 2021 to 2023 [7]. - The industry is trending towards micro-fine and spherical products, with increasing demands for product quality and performance from downstream applications [8][10]. Production Technology and Innovations - Xuyang New Materials has innovatively established a production system that integrates direct atomization of aluminum in an inert environment, significantly reducing energy consumption and environmental impact [9]. - The industry is moving towards environmentally friendly and resource-saving production methods, driven by increasing public awareness and regulatory requirements [8][11]. Global Market Dynamics - The global demand for micro-fine spherical aluminum powder is on the rise, with production technologies continuously innovating to meet stringent performance requirements [11]. - Asia, particularly China, Japan, and South Korea, has become a major region for aluminum powder production and export, with significant competition in production technology and market share [12].
有研粉材:拟2亿元投资增材制造金属粉体材料产业基地建设项目
news flash· 2025-05-22 11:00
Core Viewpoint - The company plans to invest in its subsidiary, Yuyuan Additive, to establish a new subsidiary in Shandong for the development of a metal powder material manufacturing base, with a total investment of 200 million RMB [1] Investment Details - The total investment for the project is 200 million RMB, with Yuyuan Powder Materials contributing 160 million RMB and Steel Research Investment Co., Ltd. contributing 40 million RMB [1] - The registered capital of the new subsidiary, Yuyuan Additive Shandong, is 50 million RMB [1] Project Specifications - The project will cover an area of approximately 60 acres and will have a total construction area of 20,400 square meters [1] - The construction period for the project is set at 18 months [1]