特种纸

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恒达新材股价微跌0.20%,成交额达0.38亿元
Jin Rong Jie· 2025-08-25 18:16
8月25日主力资金净流出223.20万元,占流通市值0.16%。近五日主力资金累计净流出637.48万元,占流 通市值0.46%。 风险提示:股市有风险,投资需谨慎。 恒达新材8月25日报收29.80元,较前一交易日下跌0.06元。当日开盘价为29.87元,最高触及29.97元,最 低下探至29.62元,成交量为12657手。 恒达新材主要从事特种纸的研发、生产和销售,产品广泛应用于食品、医疗、电子等领域。公司总市值 26.67亿元,流通市值13.73亿元。 ...
山鹰国际股价持平 公司累计回购2.65%股份
Sou Hu Cai Jing· 2025-08-18 15:50
山鹰国际8月18日股价报1.92元,与前一交易日持平。当日成交量为168.36万手,成交金额3.23亿元,换 手率3.08%。 山鹰国际主营业务为造纸及纸制品生产销售,产品包括包装纸、特种纸、新闻纸等。公司总部位于安徽 芜湖,是国内大型造纸企业之一。 公司8月18日公告显示,截至8月15日已累计回购股份1.45亿股,占总股本2.65%,回购金额2.81亿元。 此外,公司近期与多家企业合作设立工业机器人公司,并新设芜湖胜鹰企业管理咨询合伙企业,出资额 29.78亿元。 风险提示:投资有风险,入市需谨慎。 来源:金融界 ...
晶华新材:2025年中报显示收入增长但利润承压,需关注现金流与应收账款
Zheng Quan Zhi Xing· 2025-08-11 22:12
Business Overview - The company reported a total operating revenue of 947 million yuan for the first half of 2025, an increase of 10.53% year-on-year [1][3] - The net profit attributable to shareholders decreased by 7.3% year-on-year to 37.67 million yuan, while the net profit after deducting non-recurring items increased by 18.87% to 38.49 million yuan [1][3] - In Q2 2025, the operating revenue was 509 million yuan, up 8.75% year-on-year, with a net profit attributable to shareholders of 18.88 million yuan, down 0.94% year-on-year [1] Financial Indicators - The gross profit margin was 16.6%, a decrease of 2.52 percentage points year-on-year [5] - The net profit margin was 4.15%, a decrease of 14.75 percentage points year-on-year [5] - Operating costs increased by 11.1% in line with sales revenue growth [5] - Total operating expenses (selling, administrative, and financial expenses) amounted to 81.52 million yuan, accounting for 8.61% of revenue, a decrease of 3.8 percentage points year-on-year [5] - Selling expenses increased by 62.19% due to higher sales personnel compensation and share-based payment amortization [5] - Administrative expenses decreased by 4.01% due to reduced employee compensation and consulting service fees [5] - Financial expenses decreased by 31.1% due to lower loan interest expenses and reduced foreign exchange losses [5] Cash Flow and Debt Situation - Operating cash flow per share was 0.09 yuan, a decrease of 67.48% year-on-year [5] - Cash and cash equivalents amounted to 310 million yuan, an increase of 23.13% year-on-year, primarily due to funds received from shareholders through a simplified share issuance process [5] - Accounts receivable reached 343 million yuan, an increase of 8.65% year-on-year, representing 512.21% of the latest annual net profit attributable to shareholders [5][6] - Interest-bearing liabilities increased by 25.27% year-on-year to 819 million yuan [5][6] - The ratio of cash and cash equivalents to current liabilities was only 42.33%, indicating a need to monitor cash flow [6] - The interest-bearing asset-liability ratio reached 26.56%, necessitating attention to the company's debt situation [6]
603683,年内累计涨幅曾一度高达178%,今天开盘5分钟封死跌停
第一财经· 2025-08-11 10:49
Core Viewpoint - The article discusses the recent performance of Jinghua New Materials, highlighting the divergence between revenue growth and declining net profit, which has led to a significant drop in stock price despite previous high valuations [3][4]. Financial Performance - Jinghua New Materials reported a revenue of 947 million yuan for the first half of 2025, a year-on-year increase of 10.53% [4]. - The net profit attributable to shareholders was 37.67 million yuan, a decrease of 7.3% year-on-year, while the non-recurring net profit increased by 18.87% to 38.49 million yuan [4]. - The operating cash flow from operating activities fell by 63.59% to 25.13 million yuan [4]. - In Q2 2025, the company achieved a revenue of 508 million yuan, with a year-on-year growth of 8.75% and a quarter-on-quarter growth of 16.1% [4]. Industry Context - The adhesive industry is characterized by a fragmented market with many small players and low concentration, leading to intense competition, especially from international brands like 3M and Nitto [5]. - The decline in net profit margin is attributed to increased sales expenses, which rose by 62.2% to 27.97 million yuan, significantly outpacing revenue growth [5]. Strategic Developments - Jinghua New Materials has established a new subsidiary, Beijing Jingzhigan New Materials Co., Ltd., focusing on multi-modal flexible sensors for applications in robotics and new energy vehicles [8][9]. - The stock price surged by approximately 140% in the first seven months of 2025, driven by market speculation around the company's new ventures in solid-state batteries and robotics [7][8]. Future Outlook - The new business segments in solid-state batteries and robotics are still in the product development and market exploration stages, with no revenue contribution expected in the near term [9]. - The company is focusing on developing flexible tactile sensors for robotic applications and safety detection materials for new energy batteries [9].
题材炒作面临业绩验证,晶华新材跌停回应估值狂欢
Di Yi Cai Jing Zi Xun· 2025-08-11 09:29
Core Viewpoint - The rapid increase in stock valuation of Jinghua New Materials has been validated by its mid-year performance report, revealing a divergence between revenue growth and declining net profit, raising concerns about the sustainability of its high valuation amid new business developments [1][2]. Financial Performance - In the first half of the year, Jinghua New Materials achieved operating revenue of 947 million yuan, a year-on-year increase of 10.53%, while net profit attributable to shareholders was 37.67 million yuan, a decrease of 7.3% [2]. - The company's net cash flow from operating activities was 25.13 million yuan, down 63.59% year-on-year [2]. - In Q2, the company reported operating revenue of 508 million yuan, with a year-on-year growth of 8.75% and a quarter-on-quarter increase of 16.1% [2]. - The sales profit margin for Q2 was 3.9%, marking a decrease of 0.53 percentage points from Q1, the second-lowest level since Q3 2023 [3]. Cost Structure - Sales expenses increased significantly, reaching 27.97 million yuan, a year-on-year rise of 62.2%, which outpaced revenue growth [3]. - Management and financial expenses decreased by a total of 5.85 million yuan, indicating a net increase in total expenses of 5.86 million yuan [3]. Market Position and Competitive Landscape - Jinghua New Materials operates in a highly fragmented adhesive industry, facing significant competition from international players like 3M and Delo, particularly in the high-end market [2]. - The company’s main revenue sources are industrial and electronic adhesives, projected to account for 54% and 26% of revenue, respectively, in 2024 [2]. New Business Ventures - The company has established a new subsidiary, Beijing Jingzhigan New Materials Co., Ltd., focusing on multi-modal flexible sensors for applications in robotics and new energy vehicles [5][6]. - Despite the promising market for solid-state batteries and robotics, the new business segments are still in the product development and market exploration phases, with no revenue contribution yet [6]. Stock Performance and Investor Sentiment - Jinghua New Materials' stock price surged approximately 140% in the first seven months of the year, driven by market speculation around its new ventures in solid-state batteries and robotics [4][5]. - The company’s executives have initiated a share reduction plan, indicating potential concerns about stock valuation sustainability amid performance challenges [4].
晶华新材: 晶华新材2025年第二季度主要经营数据公告
Zheng Quan Zhi Xing· 2025-08-10 08:16
Core Points - The company, Shanghai Jinhua Adhesive New Materials Co., Ltd., disclosed its major operating data for Q2 2025, including production, sales, and revenue figures for its main products [1]. Group 1: Main Products Performance - The production and sales of electronic adhesive materials reached 1,252.97 tons and 1,863.01 tons, respectively, with revenue of 13,706.18 million yuan [1]. - Industrial adhesive materials produced 13,148.53 tons and sold 13,361.76 tons, generating revenue of 25,571.70 million yuan [1]. - Optical adhesive film materials had a production of 273.04 tons and sales of 310.65 tons, with revenue amounting to 3,452.40 million yuan [1]. Group 2: Price Changes - The average price of industrial adhesive materials decreased by 1.04% to 1.91 yuan per square meter [1]. - The average price of chemical new materials dropped by 30.38% to 12.97 yuan per kilogram [1]. - The average price of optical adhesive film materials was reported at 10.26 yuan per square meter, reflecting an increase of 8.71% [1]. Group 3: Raw Material Price Changes - The price of paper base decreased by 4.60% to 13.27 yuan per kilogram, while resin increased by 1.64% to 13.01 yuan per kilogram [1]. - Rubber prices rose by 17.07% to 15.77 yuan per kilogram [1]. - The price of PET film increased by 8.71% to 13.86 yuan per kilogram, while the price of release agent rose by 6.17% to 11.01 yuan per kilogram [1]. Group 4: Other Information - No other significant events affecting the company's production and operations were reported during the reporting period [1].
晶华新材(603683) - 晶华新材2025年第二季度主要经营数据公告
2025-08-10 08:00
根据上海证券交易所《上海证券交易所上市公司自律监管指引第 3 号行业信 息披露:第十三号——化工》的要求,现将上海晶华胶粘新材料股份有限公司(以 下简称"公司")2025 年第二季度主要经营数据披露如下(均不含税): 一、主要产品的产量、销量及收入实现情况 | 主要产品 | 年 2025 | 4-6 | 月产 | 年 2025 4-6 | 月销量 | 年 2025 | 月销售金 4-6 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 量(万平方米) | | | (万平方米) | | | 额(万元) | | 电子胶粘材料 | | 1,252.97 | | | 1,863.01 | | 13,706.18 | | 工业胶粘材料 | | 13,148.53 | | | 13,361.76 | | 25,571.70 | | 光学胶膜材料 | | 273.04 | | | 310.65 | | 3,452.40 | | 化工新材料(吨) | | 5,728.59 | | | 728.32 | | 657.93 | | 特种纸 | | 19,624.35 ...
仙鹤股份负债率飙升,衢州首富王敏良豪掷110亿“赌”未来?
Sou Hu Cai Jing· 2025-08-08 15:20
雷达财经出品 文|姚柏臣 编|孟帅 8月6日,仙鹤股份(603733.SH)一纸110亿元的扩产公告引发市场关注。 这家曾以特种纸闻名的行业龙头,计划在四川合江打造竹浆纸一体化项目,而这是其近六年内第三次百亿级扩产。 值得注意的是,身为仙鹤股份实控人的王敏良家族,今年凭借114亿元的财富,在《新财富杂志500创富榜》中再度问鼎衢州首富之位(以公司总部所在地 为标准),但相较巅峰期身家缩水超110亿元。 王敏良身家大幅缩水的背后,仙鹤股份此番再度豪掷百亿的投资举动,也让公司近来的经营情况成为资本市场关注的焦点。 不过,仙鹤股份当前正身陷增收不增利的窘境。今年第一季度,公司实现营收29.91亿元,同比增长35.42%,但其归母净利润同比则下滑12.13%,降至 2.36亿元。 此外,仙鹤股份的资产负债率自2020年起也一路攀升,到今年第一季度已涨至65.49%。截至第一季度末,公司的负债合计高达158.97亿元,但现金及现金 等价物余额仅为5.77亿元。 仙鹤股份再次出手,六年三次百亿级扩产 8月6日,仙鹤股份发布公告,宣布拟在四川省泸州市合江县投资建设林浆纸用一体化高性能纸基新材料项目。 据悉,该项目计划建设年 ...
冠豪高新股价微跌0.63% 公司澄清未涉印钞业务
Jin Rong Jie· 2025-08-07 18:54
Group 1 - The stock price of Guanhao High-tech closed at 3.16 yuan on August 7, down 0.02 yuan, representing a decline of 0.63% from the previous trading day [1] - The trading volume on that day was 160,153 hands, with a transaction amount reaching 0.51 billion yuan [1] - Guanhao High-tech is primarily engaged in the research, production, and sales of specialty paper and carbonless copy paper, with applications in commercial invoices, logistics labels, and office automation [1] Group 2 - As a significant player in the domestic specialty paper industry, Guanhao High-tech holds a certain influence in niche markets [1] - On August 7, the company clarified on its investor interaction platform that it does not engage in any currency printing-related business, responding to inquiries about its capability to produce banknote printing paper [1]
仙鹤股份(603733):公司点评:抢先布局竹浆产业链,林浆纸一体化布局卓有成效
SINOLINK SECURITIES· 2025-08-07 06:38
Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [5][12]. Core Insights - The company is investing approximately 11 billion RMB in an integrated bamboo pulp and paper project in Sichuan, aiming for a production capacity of 800,000 tons of bamboo pulp and 1.2 million tons of high-performance paper materials annually. The first phase is expected to be operational within three years [2]. - The trend of replacing traditional plastic packaging with pulp/bamboo pulp is gaining momentum, supported by environmental policies and technological advancements in bamboo pulp production, which is expected to significantly expand the market size [2]. - The company has a substantial inventory of pulp, which is anticipated to improve profit margins as pulp prices stabilize and recover [3]. - The full operation of the company's bases in Guangxi and Hubei is expected to enhance its integrated supply chain, significantly increase production capacity, and improve market share [4]. Summary by Sections Company Overview - The company is focusing on an integrated bamboo pulp and paper project with a total investment of about 11 billion RMB, targeting a production capacity of 800,000 tons of bamboo pulp and 1.2 million tons of high-performance paper materials annually [2]. Market Analysis - The shift towards pulp/bamboo pulp as an eco-friendly alternative to plastic is becoming more pronounced, with increasing demand in sectors such as food service and healthcare, leading to a broader application of pulp products [2]. Financial Projections - Revenue forecasts for 2025-2027 are 12.91 billion RMB, 15.26 billion RMB, and 17.74 billion RMB, representing year-on-year growth rates of 25.70%, 18.14%, and 16.25% respectively. Net profit is projected to reach 1.21 billion RMB, 1.46 billion RMB, and 1.77 billion RMB during the same period, with corresponding growth rates of 20.53%, 20.99%, and 20.74% [5][10]. - The expected earnings per share (EPS) for 2025-2027 are 1.71 RMB, 2.07 RMB, and 2.50 RMB, with current price-to-earnings (P/E) ratios of 10, 8, and 7 respectively [5][10]. Production Capacity and Integration - The company has successfully launched production lines in Hubei and Guangxi, with significant output already achieved. Future expansions are planned to further enhance production capabilities [4]. - The company is also developing 300,000 acres of its own forest land and has access to an additional 1 million acres of state-owned forest land to ensure a stable supply of raw materials [4].