截至9月19日，黄山谷捷股东户数1.10万，较上期增加1.75%；人均流通股1826股，较上期减少1.72%。 2025年1月-6月，黄山谷捷实现营业收入3.75亿元，同比增长34.41%；归母净利润3781.06万元，同比减 少37.60%。 分红方面，黄山谷捷A股上市后累计派现5600.00万元。 机构持仓方面，截止2025年6月30日，黄山谷捷十大流通股东中，中信保诚多策略混合(LOF)A （165531）位居第四大流通股东，持股11.91万股，为新进股东。易方达环保主题混合A（001856）退出 十大流通股东之列。 责任编辑：小浪快报 融资方面，黄山谷捷当日融资买入989.57万元。当前融资余额7101.30万元，占流通市值的6.18%。 融券方面，黄山谷捷9月25日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元。 资料显示，黄山谷捷股份有限公司位于安徽省黄山市徽州区城北工业园文峰西路10号，成立日期2012年 6月12日，上市日期2025年1月3日，公司主营业务涉及主要从事功率半导体模块散热基板研发、生产和 销售的国家高新技术企 ...

9月24日，黄山谷捷涨3.71%，成交额1.17亿元。两融数据显示，当日黄山谷捷获融资买入额1480.24万 元，融资偿还1265.78万元，融资净买入214.46万元。截至9月24日，黄山谷捷融资融券余额合计7166.86 万元。 截至9月19日，黄山谷捷股东户数1.10万，较上期增加1.75%；人均流通股1826股，较上期减少1.72%。 2025年1月-6月，黄山谷捷实现营业收入3.75亿元，同比增长34.41%；归母净利润3781.06万元，同比减 少37.60%。 分红方面，黄山谷捷A股上市后累计派现5600.00万元。 机构持仓方面，截止2025年6月30日，黄山谷捷十大流通股东中，中信保诚多策略混合(LOF)A （165531）位居第四大流通股东，持股11.91万股，为新进股东。易方达环保主题混合A（001856）退出 十大流通股东之列。 责任编辑：小浪快报 融资方面，黄山谷捷当日融资买入1480.24万元。当前融资余额7166.86万元，占流通市值的6.21%。 融券方面，黄山谷捷9月24日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券 ...

Core Viewpoint - Huangshan Gujie (301581.SZ) reported a disappointing first financial statement post-IPO, with both revenue and net profit declining due to falling product prices and rising raw material costs [1][2]. Financial Performance - In 2024, the company achieved revenue of 725 million yuan, a year-on-year decrease of 4.53%, and a net profit of 112 million yuan, down 28.84% [2]. - The main product, copper pin heat dissipation substrates, contributed over 70% of revenue, generating 548 million yuan, which represents a 7.11% decline compared to the previous year [2][3]. - The revenue from copper flat heat dissipation substrates was only 2.89 million yuan, accounting for less than 1% of total revenue [2]. Product Segmentation - The company’s revenue breakdown shows that copper pin heat dissipation substrates are critical, while copper flat heat dissipation substrates and other businesses contribute minimally [3]. - The revenue from by-products, such as copper scrap, was 156 million yuan, making up 21.65% of total revenue, but with a very low gross margin of 0.69% [3]. Cash Flow and Accounts Receivable - Accounts receivable increased by 32% year-on-year to 218 million yuan, representing 30% of total revenue, indicating cash flow pressure [5][6]. - The net cash flow from operating activities fell by 45.62% to 51 million yuan [5]. Profitability and Cost Structure - The gross margin for the company dropped to 22.5%, down 6.2 percentage points year-on-year, primarily due to a decrease in product prices and an increase in raw material costs [6][8]. - The average selling price of products decreased by 8%, while sales volume increased by only 1.05% [6][7]. Research and Development - The company’s R&D expense ratio remains below the industry average, with 2024 R&D expenses at 211 million yuan, representing only 2.92% of revenue [8][9]. - A significant portion of the R&D team, over 70%, has a college degree or lower, raising concerns about the quality of research personnel [9][10]. Market Expansion - The company has made efforts to expand into international markets, including Germany, Hungary, and Malaysia, but revenue from overseas operations fell by 45.67% to 137 million yuan [5].