新瀚新材 20251021 摘要 为什么新瀚新材在 2025 年第三季度化妆品原料的利润有所下降？ 新瀚新材 2025 年第三季度 Pico 核心单体营收占比超 40%，出货量约 1,600 吨，毛利率约 32%；光引发剂营收近 6,000 万，占比约 15%， 销售 1,500 多吨；化妆品原料营收约 7,300 万，出货量 1,300 吨，毛 利率近 10%；医药农药中间体营收五六千万，出货量 1,200 吨左右， 毛利率近 40%。 新瀚新材化妆品原料毛利率下降主要由于公司主动调低产品售价以抢占 市场份额，同时化妆品原料生产过程反应时间较长，分摊固定成本较高。 DLBP 方面，新厂设计产能 2,500 吨，目前满足 2025 年需求，前三季 度销售近 1,600 吨。尽管竞争对手新产线投产带来价格压力，但公司通 过开拓小型客户和降价促销，实现 30%的销售增长，且产品质量优势明 显。 当前 DLBP 价格约 9 万元/吨，公司通过提高产能利用率和降低成本，毛 利水平已恢复至 2019-2021 年水平，得益于原材料价格下降和内部效 率提升。 Q&A 新瀚新材在 2025 年第三季度的整体经营情况如何？ ...

新瀚新材分析师会议 调研日期：2025年10月21日 调研行业：化学原料 参与调研的机构：宝盈基金、创金合信基金、信达澳亚基金、马 可波罗中国资产、正德泰投资等 机构调研pro小程序致力于为金融证券投资者提供最新最全的调研会议纪要。 来机构调研pro小程序，了解最新的：行业投资风向、热门公司关注、权威机构分析... 权威完善的信息持续更新! 更多精彩的机构调报告请移步机构调研pro小程序~ 一解投资机构行业关注度。 频判市场 / 机构调研pro小程序 DJvanbao.com 洞见研报 出品 : | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | ...

为破解农业经营主体融资难题，邮储银行浙江省分行创新推出"邮柚贷"专项产品，通过与省农担公司、地方担保机构建立风险分担机制，有效降低了农户和企业的融资门槛。 王新是青石镇胡柚种植大户，2014年，他就成立了常山胡柚唯一一家天猫旗舰店。如今，直播带货兴起，王新再次瞄准风口，在自家仓库搭起直播间，平均每天卖货1000多件，最远的订单卖到 截至2025年9月末，邮储银行已在常山县累计为318家新型农业经营主体提供信贷支持，"邮柚贷"余额达7770.45万元，真正实现了金融活水精准滴灌。依托中国邮政的优势，胡柚种植户还获得 一果兴百业，金融筑路富万家 当金灿灿的胡柚不仅是鲜果，更成为饮料、食品原料、化妆品原料等多元产品时，常山胡柚产业正朝着百亿级目标大步迈进。而在产业升级、链条延伸的关键节点，邮储银行始终是最坚实的金融 在常山县白石镇，占地28542平方米的柚香谷香柚农文旅融合产业园建设如火如荼，该园区规划打造集生态种植、农业观光、休闲度假于一体的乡村振兴样板。作为深耕胡柚与香柚深加工领域的 2024年6月，邮储银行常山县支行针对企业园区建设中的资金需求，为其量身定制金融服务方案，及时投放1000万元科创信用贷款，为项 ...

证券代码：301076 证券简称：新瀚新材 江苏新瀚新材料股份有限公司 投资者关系活动记录表 编号：2025-006 2、PEEK 的需求量以及行业前景如何？ 由于 PEEK 拥有优良的综合性能（高强度、耐高温、 耐腐蚀、耐辐射、自润滑、生物相容性好等），其在航 空航天、人体植入、高端制造等领域以及低空飞行器、 机器人等高端制造领域的新尝试，为其市场增加了新的 增长动能。近两年国内 PEEK 厂商也在增多，公司作为较 早进入核心原料领域的供应商，看好 PEEK 产业链的发展。 | 投资者关系活动类别 | 特定对象现场调研 | 分析师会议 | | --- | --- | --- | | | □媒体采访 | □业绩说明会 | | | □新闻发布会 | □路演活动 | | | 现场参观 ☑ | 其他 线上会议 | | | 宝盈基金 郑熊婧 信达澳亚基金 陆毅楷 | 创金合信基金 张小郭 马可波罗中国资产 鄧咏梅 | | | 正德泰投资 龙文利 | 顶天投资 曹程林 | | | 睿亿投资 张延明 | 玄卜投资 夏一 | | | 信复创值投资 刘畅 | 申万宏源 毛一鹏 | | | 平安银行 刘颖飞 | 鸿运私募 ...

公司是基于傅克反应的芳香族酮类产品龙头，技术及产业链优势显著 点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 公司现有的技术具备独创性，是公司的核心竞争力。公司下游客户广泛覆盖国内外著名上市公司，现有业 务稳步发展。同时，公司氟酮等产品品类具备广阔的需求增量空间，且募投项目的达产将进一步扩大主营 产品生产量，未来业绩有所保障。具体来看，伴随低空经济及机器人的发展，PEEK作为性能极佳的轻量 化材料，其需求有望大幅提振，从而带动其原材料氟酮需求的提升。公司IPO募投项目，即年产8,000吨芳 香酮及其配套项目预计在25年12月完全建成达产。此外，公司还布局有多种可运用于医药、农药等领域的 精细化工中间体，成长空间显著。 风险提示： 下游需求不及预期、客户验证、新增产能爬坡进度 ...

10月15日，新瀚新材涨5.43%，截至发稿，报52.05元/股，成交2.26亿元，换手率4.07%，总市值91.03亿 元。 资料显示，江苏新瀚新材料股份有限公司位于江苏省南京市化学工业园区罐区南路86号(公司东厂区)， 成立日期2008年7月25日，上市日期2021年10月11日，公司主营业务涉及芳香族酮类产品的研发、生产 和销售。主营业务收入构成为：特种工程塑料核心原料42.36%，化妆品原料20.64%，医农中间体及其 他20.25%，光引发剂16.75%。 鹏华碳中和主题混合A（016530）基金经理为闫思倩。 截至发稿，闫思倩累计任职时间8年1天，现任基金资产总规模161.36亿元，任职期间最佳基金回报 306.25%， 任职期间最差基金回报21.07%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从新瀚新材十大流通股东角度 数据显示，鹏华基金旗下1只基金位居新瀚新材十大流通股东。鹏华碳中和主题混合A（016530）二季 度新进十大流 ...

Company Overview - Jiangsu Xinhang New Materials Co., Ltd. is located in Nanjing, Jiangsu Province, and was established on July 25, 2008. The company went public on October 11, 2021. Its main business involves the research, production, and sales of aromatic ketone products [2] - The revenue composition of the company includes: 42.36% from specialty engineering plastics core materials, 20.64% from cosmetic raw materials, 20.25% from agricultural and pharmaceutical intermediates, and 16.75% from photoinitiators [2] Stock Performance - As of September 19, the stock price of Xinhang New Materials decreased by 2.02%, trading at 55.87 CNY per share, with a total market capitalization of 9.77 billion CNY [1] - Year-to-date, the stock price has increased by 135.66%, but it has seen a decline of 5.55% over the last five trading days. Over the last 20 days, the stock rose by 3.79%, and over the last 60 days, it surged by 111.20% [2] Financial Performance - For the first half of 2025, Xinhang New Materials reported a revenue of 229 million CNY, representing a year-on-year growth of 9.66%. The net profit attributable to shareholders was 35.29 million CNY, reflecting a year-on-year increase of 20.40% [3] - The company has distributed a total of 136 million CNY in dividends since its A-share listing, with 95.72 million CNY distributed over the past three years [4] Shareholder Information - As of September 10, the number of shareholders for Xinhang New Materials was 36,300, a decrease of 5.47% from the previous period. The average number of circulating shares per shareholder increased by 5.79% to 3,025 shares [3] - As of June 30, 2025, the sixth largest circulating shareholder is Penghua Carbon Neutral Theme Mixed A, holding 1.63 million shares as a new shareholder [4]

Group 1 - On September 15, Xinhan New Materials saw a stock price increase of 5.29% with a trading volume of 1.582 billion yuan [1] - The company had a financing buy-in amount of 174 million yuan and a financing repayment of 175 million yuan on the same day, resulting in a net financing buy of -1.8057 million yuan [1] - As of September 15, the total financing and securities lending balance for Xinhan New Materials was 373 million yuan, which represents 3.43% of its circulating market value, indicating a high level compared to the past year [1] Group 2 - As of September 10, the number of shareholders for Xinhan New Materials was 36,300, a decrease of 5.47% from the previous period [2] - The average circulating shares per person increased by 5.79% to 3,025 shares [2] - For the first half of 2025, Xinhan New Materials reported a revenue of 229 million yuan, a year-on-year increase of 9.66%, and a net profit attributable to shareholders of 35.2926 million yuan, up 20.40% year-on-year [2] Group 3 - Since its A-share listing, Xinhan New Materials has distributed a total of 136 million yuan in dividends, with 95.719 million yuan distributed over the past three years [3] - As of June 30, 2025, among the top ten circulating shareholders, Penghua Carbon Neutral Theme Mixed A (016530) was the sixth largest shareholder, holding 1.6321 million shares as a new investor [3]

Group 1 - The core viewpoint of the news is that Jiangsu Xinhang New Materials Co., Ltd. experienced a 5.03% drop in stock price, closing at 59.10 yuan per share, with a trading volume of 9.29 billion yuan and a turnover rate of 13.84%, resulting in a total market capitalization of 103.35 billion yuan [1] - The company, established on July 25, 2008, and listed on October 11, 2021, specializes in the research, production, and sales of aromatic ketone products. Its main business revenue composition includes: 42.36% from specialty engineering plastics core materials, 20.64% from cosmetic raw materials, 20.25% from agricultural and pharmaceutical intermediates, and 16.75% from photoinitiators [1] Group 2 - From the perspective of fund holdings, one fund under Huatai-PineBridge holds a significant position in Xinhang New Materials. The Huatai-PineBridge CSI 2000 Index Enhanced A (019923) held 77,600 shares in the second quarter, accounting for 0.66% of the fund's net value, ranking as the eighth largest holding. The estimated floating loss today is approximately 242,900 yuan [2] - The Huatai-PineBridge CSI 2000 Index Enhanced A (019923) was established on January 12, 2024, with a latest scale of 98.4754 million yuan. Year-to-date returns are 47.18%, ranking 482 out of 4222 in its category; the one-year return is 107.84%, ranking 222 out of 3800; and since inception, the return is 71.8% [2]

Core Viewpoint - Xinhan New Materials Co., Ltd. has shown significant trading activity and financial performance, indicating potential growth and investor interest in the company [1][2]. Group 1: Trading Activity - On August 25, Xinhan New Materials' stock rose by 1.11%, with a trading volume of 939 million yuan [1]. - The company recorded a financing buy-in of 107 million yuan and a financing repayment of 106 million yuan on the same day, resulting in a net financing buy of 981,100 yuan [1]. - As of August 25, the total financing and securities lending balance for Xinhan New Materials was 363 million yuan, which represents 3.82% of its circulating market value [1]. Group 2: Financial Performance - For the first half of 2025, Xinhan New Materials achieved a revenue of 229 million yuan, reflecting a year-on-year growth of 9.66% [2]. - The net profit attributable to shareholders for the same period was 35.29 million yuan, marking a year-on-year increase of 20.40% [2]. - Since its A-share listing, the company has distributed a total of 136 million yuan in dividends, with 95.72 million yuan paid out over the last three years [2]. Group 3: Shareholder Information - As of August 20, the number of shareholders for Xinhan New Materials reached 42,200, an increase of 27.11% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 21.33% to 2,602 shares [2]. - Among the top ten circulating shareholders, Penghua Carbon Neutral Theme Mixed A (016530) is the sixth largest, holding 1.6321 million shares as a new shareholder [2].