Core Viewpoint - The stock of GuoDa Special Materials has experienced fluctuations, with a notable decline in recent trading days despite a significant year-to-date increase in share price [1][2]. Group 1: Stock Performance - As of November 7, GuoDa Special Materials' stock price was 24.41 CNY per share, down 2.13% during the trading session [1]. - The stock has increased by 62.79% year-to-date, but has seen a decline of 5.09% in the last five trading days, 19.23% in the last 20 days, and 3.17% in the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, GuoDa Special Materials reported a revenue of 3.775 billion CNY, representing a year-on-year growth of 27.56% [2]. - The net profit attributable to shareholders for the same period was 249 million CNY, showing a substantial increase of 213.65% year-on-year [2]. Group 3: Shareholder Information - As of October 20, the number of shareholders for GuoDa Special Materials was 21,500, an increase of 7.24% from the previous period [2]. - The average number of circulating shares per shareholder was 13,069, which decreased by 6.75% compared to the previous period [2]. Group 4: Company Overview - GuoDa Special Materials, established on July 17, 2006, and listed on February 11, 2020, is based in Zhangjiagang, Jiangsu Province [1]. - The company specializes in the research, production, and sales of high-end special steel materials and components for new energy wind power [1]. - The revenue composition includes 67.50% from alloy products, 30.74% from alloy materials, and 1.76% from other sources [1].

Group 1 - The core viewpoint of the news is that Guangda Special Materials has experienced a significant stock price fluctuation, with a year-to-date increase of 59.39% but a recent decline of 20.91% over the last five trading days [1] - As of October 17, the stock price is reported at 23.90 CNY per share, with a market capitalization of 6.704 billion CNY [1] - The company has seen a net outflow of main funds amounting to 1.6096 million CNY, with large orders showing a buy-sell imbalance [1] Group 2 - As of September 30, the number of shareholders has increased by 4.62% to 20,000, while the average circulating shares per person decreased by 4.42% to 14,016 shares [2] - For the first half of 2025, Guangda Special Materials achieved a revenue of 2.534 billion CNY, representing a year-on-year growth of 34.74%, and a net profit attributable to shareholders of 185 million CNY, reflecting a substantial increase of 332.67% [2] - The company has distributed a total of 329 million CNY in dividends since its A-share listing, with 111 million CNY distributed over the past three years [2]

Core Viewpoint - The chairman and general manager of GuoDa Special Materials, Xu Weiming, has been placed under detention by the Suzhou Wu Zhong District Supervisory Committee, raising concerns about the company's governance and potential impacts on operations [1][2]. Company Overview - GuoDa Special Materials was established in July 2006, focusing on the research, production, and sales of special steel materials, including alloy products and castings [3]. - The company was the first special steel enterprise listed on the Sci-Tech Innovation Board in 2020 [3]. Recent Developments - Xu Weiming was detained shortly after attending a company performance briefing on October 9, 2025, indicating a rapid development in the situation [1]. - Despite the detention, the company reported strong performance forecasts, expecting approximately 3.7 billion yuan in revenue for the first three quarters of 2025, a year-on-year increase of 25.04%, and a net profit of about 248 million yuan, reflecting a 213.92% increase compared to the previous year [2]. Market Performance - GuoDa Special Materials has seen a significant stock price increase of 86.56% year-to-date, with a closing price of 28.25 yuan per share on October 14, 2025, despite a daily drop of 5.58% [3].

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial results of GuoDa Special Materials, indicating a significant increase in stock price and strong revenue growth [1][2] - As of October 14, GuoDa Special Materials' stock price decreased by 2.01% to 29.32 CNY per share, with a total market capitalization of 8.224 billion CNY [1] - The company has experienced a stock price increase of 95.53% year-to-date, with a 9.32% rise over the last five trading days [1] Group 2 - For the first half of 2025, GuoDa Special Materials reported a revenue of 2.534 billion CNY, representing a year-on-year growth of 34.74%, and a net profit of 185 million CNY, which is a substantial increase of 332.67% [2] - The company has a total of 20,000 shareholders as of September 30, with an increase of 4.62% from the previous period [2] - Since its A-share listing, GuoDa Special Materials has distributed a total of 329 million CNY in dividends, with 111 million CNY distributed over the last three years [3]

Group 1 - The stock of Jiangsu Zhangjiagang Guangda Special Materials Co., Ltd. increased by 5.1% to 27.20 CNY per share, with a trading volume of 143 million CNY and a turnover rate of 1.92%, resulting in a total market capitalization of 7.629 billion CNY [1] - The company, established on July 17, 2006, and listed on February 11, 2020, specializes in the research, production, and sales of high-end special steel materials and components for new energy wind power [1] - The main revenue composition of the company includes alloy products (67.50%), alloy materials (30.74%), and other supplementary products (1.76%) [1] Group 2 - The Jin Ying Fund has a significant holding in Guangda Special Materials, with the Jin Ying Xin Rui Mixed A Fund (003502) reducing its holdings by 40,300 shares in the second quarter, now holding 233,700 shares, which represents 1.98% of the fund's net value, making it the third-largest holding [2] - The Jin Ying Xin Rui Mixed A Fund was established on December 6, 2016, with a current size of 248 million CNY, yielding 3.89% year-to-date and ranking 6983 out of 8173 in its category, while its one-year return is 5.98%, ranking 7342 out of 8003 [2] - The fund managers, Ni Chao and Long Yuefang, have tenures of 10 years and 8 years respectively, with Ni Chao managing assets totaling 3.016 billion CNY and achieving a best return of 156.51% during his tenure [3]

Core Insights - The company achieved a revenue of 14.743 billion yuan in 2024, representing a year-on-year growth of 7.8% [1] - The acquisition of Hunan Shizhu Garden Nonferrous Metals Co., Ltd. significantly enhanced the company's performance, contributing 3.571 billion yuan in revenue and 705 million yuan in net profit in 2024 [2] - The overall gross margin for 2024 was 22.07%, an increase of 0.85 percentage points year-on-year, with specific product margins showing varied performance [2] - The company reported a net profit attributable to shareholders of 939 million yuan in 2024, a year-on-year increase of 17.47% [3] - The company’s asset-liability ratio decreased to 52.40% in 2024, down by 2.51 percentage points [4] Revenue Breakdown - Revenue from cutting tools and tools was 3.189 billion yuan, up 4.31% year-on-year, driven by market expansion [1] - Revenue from hard alloys was 3.356 billion yuan, down 2.19% year-on-year [1] - Revenue from refractory metals was 2.426 billion yuan, up 11.68% year-on-year [1] - Revenue from powder products was 4.573 billion yuan, up 32.22% year-on-year [1] Profitability Analysis - The gross margin for blade products was 33.30%, down 1.72 percentage points year-on-year [2] - The gross margin for alloy products was 18.63%, down 0.51 percentage points year-on-year [2] - The gross margin for refractory metals was 10.33%, down 2.68 percentage points year-on-year [2] - The gross margin for powder products was 23.61%, up 5.09 percentage points year-on-year [2] Expense and Cash Flow - The operating expense ratio for 2024 was 13.42%, an increase of 1.12 percentage points year-on-year [3] - The company’s cash flow from operations improved, with a net cash inflow of 900 million yuan, an increase of 750 million yuan year-on-year [3] - The investment cash flow was negative at -850 million yuan, reflecting increased spending on technological upgrades and land acquisition [3] Future Outlook - The company is expected to achieve net profits of 1.094 billion yuan, 1.323 billion yuan, and 1.476 billion yuan from 2025 to 2027 [4]