每经AI快讯，有投资者在投资者互动平台提问：请问：1、反内卷政策，有无促进或催生三聚氯氰与色 母粒等行业景气度？导致亏损的三聚氯氰价格，近期持续回升了不？ 2、新兴产业EX电子材料与电池 隔膜，四季度以来，产销同比是否快速增长，甚至供不应求？两者最新产能扩建是否有所加快？ （记者 胡玲） 美联新材（300586.SZ）11月18日在投资者互动平台表示， 1、公司色母粒产品的销量较去年同期实现 了增长；随着第四季度销售旺季的到来，三聚氯氰的价格已逐步回暖。 2、公司EX电子材料目前产销 情况良好，新产能正在根据PCB产业发展情况研究布局；公司控股子公司安徽美芯的隔膜销量10月份同 比有所增长。 ...

Group 1 - The core viewpoint of the news is that Meilian New Materials has shown a positive stock performance with a year-to-date increase of 39.56% and a recent net inflow of funds, indicating investor interest [1] - As of November 17, the stock price reached 11.36 yuan per share, with a total market capitalization of 8.079 billion yuan [1] - The company specializes in the research, production, and sales of polymer composite coloring materials, with its main revenue sources being color masterbatches (38.70%), melamine (33.23%), and battery separators (6.55%) [1] Group 2 - As of October 20, the number of shareholders decreased by 0.51% to 24,200, while the average circulating shares per person increased by 0.51% to 22,107 shares [2] - For the period from January to September 2025, the company reported a revenue of 1.247 billion yuan, a year-on-year decrease of 1.69%, and a net profit loss of 37.2037 million yuan, a decline of 201.86% [2] Group 3 - Since its A-share listing, the company has distributed a total of 121 million yuan in dividends, with 35.5608 million yuan paid out in the last three years [3]

Company Overview - Meilian New Materials Co., Ltd. is located in Shantou, Guangdong Province, established on June 20, 2000, and listed on January 4, 2017. The company specializes in the research, production, sales, and technical services of polymer composite coloring materials, providing integrated plastic coloring solutions to customers [1]. Financial Performance - For the period from January to September 2025, Meilian New Materials reported operating revenue of 1.247 billion yuan, a year-on-year decrease of 1.69%. The net profit attributable to the parent company was -37.2037 million yuan, a year-on-year decrease of 201.86% [2]. - The company has cumulatively distributed 121 million yuan in dividends since its A-share listing, with 35.5608 million yuan distributed over the past three years [3]. Stock Performance - As of November 13, Meilian New Materials' stock price increased by 2.01%, reaching 11.16 yuan per share, with a total market capitalization of 7.937 billion yuan. The stock has risen 37.10% year-to-date, with a 1.64% increase over the last five trading days and a 12.61% increase over the last 20 days, while it has decreased by 17.64% over the last 60 days [1]. - The number of shareholders as of October 20 was 24,200, a decrease of 0.51% from the previous period, with an average of 22,107 circulating shares per person, an increase of 0.51% [2]. Business Segments - The main business revenue composition includes: color masterbatch (38.70%), melamine (33.23%), other (17.88%), battery separators (6.55%), and high-performance colorants (3.63%) [1]. - The company operates within the Shenwan industry classification of basic chemicals - plastics - modified plastics, and is involved in several concept sectors including sodium batteries, solid-state batteries, PCB concepts, margin financing, and specialized innovation [1].

Group 1 - The core viewpoint of the news is that Meilian New Materials has shown a positive stock performance with a 37.84% increase year-to-date, despite a recent decline over the past 60 days [1] - As of November 7, the stock price reached 11.22 CNY per share, with a market capitalization of 7.98 billion CNY and a trading volume of 1.30 billion CNY [1] - The company has experienced a net inflow of main funds amounting to 7.27 million CNY, with significant buying activity from large orders [1] Group 2 - For the period from January to September 2025, Meilian New Materials reported a revenue of 1.247 billion CNY, reflecting a year-on-year decrease of 1.69%, and a net profit attributable to shareholders of -37.20 million CNY, a decline of 201.86% [2] - The company has distributed a total of 121 million CNY in dividends since its A-share listing, with 35.56 million CNY distributed over the past three years [3] - The main business revenue composition includes color masterbatches (38.70%), melamine (33.23%), and battery separators (6.55%) [1]

Core Viewpoint - Meilian New Materials is a leading manufacturer in the plastic masterbatch industry in China and the largest white masterbatch manufacturer in Asia, with a unique advantage as the sole supplier of EX electronic materials in the country [1] Group 1: Business Performance - In Q3 2025, Meilian New Materials reported revenue of 1.247 billion yuan, ranking 12th in the industry, significantly lower than the top competitor, Kingfa Technology, which had revenue of 49.616 billion yuan [2] - The company's net profit for the same period was -61.39 million yuan, placing it at the bottom of the industry rankings, while the industry average net profit was 119 million yuan [2] - The main business composition included color masterbatch at 334 million yuan (38.70%) and trichloroisocyanuric acid at 287 million yuan (33.23%) [2] Group 2: Financial Ratios - As of Q3 2025, Meilian New Materials had a debt-to-asset ratio of 39.14%, which is lower than the industry average of 45.98%, indicating relatively low debt pressure [3] - The gross profit margin for the same period was 6.02%, a significant decrease from 13.90% in the previous year and below the industry average of 14.74%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Huang Weishan, received a salary of 447,000 yuan in 2024, an increase of 48,500 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 3.11% to 24,300, while the average number of circulating A-shares held per account increased by 3.21% to 22,000 [5] Group 4: Future Outlook - Despite short-term pressure from declining chemical material prices, the company has multiple business advantages that may create new growth opportunities [5] - Key business highlights include expected volume and price increases in trichloroisocyanuric acid consumption post-September, the potential for expanding downstream customers for EX electronic materials, and ongoing projects in the renewable energy and polymer materials sectors [5] - Forecasted revenues for 2025, 2026, and 2027 are 2.119 billion yuan, 3.436 billion yuan, and 5.166 billion yuan, respectively, with corresponding EPS of 0.11, 0.24, and 0.61 yuan [5]

Core Viewpoint - The company reported that its total operating revenue for the first three quarters remained largely unchanged compared to the same period last year, with significant losses in the third quarter attributed to intense market competition leading to a substantial decline in sales prices of melamine products [1] Group 1 - The company's total operating revenue for the first three quarters is approximately flat year-on-year [1] - The primary reason for the losses in the third quarter is the fierce competition in the melamine product market, resulting in a significant year-on-year price drop [1] - As the peak sales season approaches in the fourth quarter, the prices of melamine have started to gradually recover [1]

Core Viewpoint - The company reported a loss in the third quarter despite rising prices in chemical products, primarily due to intense market competition leading to a significant decline in sales prices of melamine cyanurate [1] Group 1: Company Performance - The main reason for the loss in the third quarter was the substantial year-on-year decrease in sales prices of melamine cyanurate due to fierce market competition [1] - The company indicated that with the arrival of the fourth quarter sales peak season, the prices of melamine cyanurate have started to gradually recover [1]

Group 1 - The core viewpoint is that Meilian New Materials (300586.SZ) reports stable market demand for cyanuric chloride, with recent slight price increases [1] Group 2 - The company indicates that the market demand for cyanuric chloride remains steady [1] - Recent trends show a continuous slight increase in the price of cyanuric chloride [1]

Group 1 - The core viewpoint of the article indicates that the market demand for melamine is stable, with a recent slight increase in its price [1] Group 2 - The company, Meilian New Materials (300586.SZ), has communicated with investors regarding the current market conditions [1] - The price trend for melamine has shown a continuous slight upward movement recently [1]

Core Viewpoint - Meilian New Materials Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable increase in stock price year-to-date but a decline in net profit for the recent period [1][2]. Financial Performance - As of September 10, 2025, Meilian New Materials reported a revenue of 878 million yuan, representing a year-on-year growth of 3.10%. However, the net profit attributable to shareholders was -16.19 million yuan, a significant decrease of 146.89% compared to the previous year [2]. - The company has distributed a total of 121 million yuan in dividends since its A-share listing, with 35.56 million yuan distributed over the last three years [3]. Stock Market Activity - On September 22, the stock price of Meilian New Materials increased by 2.01%, reaching 11.15 yuan per share, with a trading volume of 101 million yuan and a turnover rate of 1.72%. The total market capitalization stood at 7.93 billion yuan [1]. - The stock has experienced a year-to-date increase of 36.98%, a 5-day increase of 3.24%, a 20-day decline of 12.82%, and a 60-day increase of 4.50% [1]. Shareholder Information - As of September 10, 2025, the number of shareholders increased to 25,400, reflecting a rise of 7.51%. The average number of circulating shares per person decreased by 6.99% to 21,014 shares [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited exited the list of the top ten circulating shareholders [3]. Business Overview - Meilian New Materials, established on June 20, 2000, and listed on January 4, 2017, specializes in the research, production, sales, and technical services of polymer composite coloring materials, providing integrated solutions for plastic coloring [1]. - The company's main revenue sources include color masterbatches (38.70%), melamine (33.23%), other (17.88%), battery separators (6.55%), and high-performance colorants (3.63%) [1].