11月26日，东材科技涨5.6%，截至发稿，报20.38元/股，成交13.87亿元，换手率7.02%，总市值207.49 亿元。 资料显示，四川东材科技集团股份有限公司位于四川省成都市郫都区菁德路209号，成立日期1994年12 月26日，上市日期2011年5月20日，公司主营业务涉及化工新材料的研发、制造和销售。主营业务收入 构成为：电子材料28.31%，新能源材料27.27%，光学膜材料26.23%，电工绝缘材料9.13%，其他主营收 入3.59%，环保阻燃材料3.05%，其他(补充)2.42%。 从基金十大重仓股角度 数据显示，国联基金旗下1只基金重仓东材科技。国联研发创新混合A（008422）三季度持有股数10.89 万股，占基金净值比例为4.28%，位居第八大重仓股。根据测算，今日浮盈赚取约11.76万元。 国联研发创新混合A（008422）成立日期2021年12月28日，最新规模4043.71万。今年以来收益 40.13%，同类排名1245/8134；近一年收益39.2%，同类排名1399/8056；成立以来收益39.39%。 国联研发创新混合A（008422）基金经理为甘传琦。 截至发稿，甘传琦 ...

Group 1 - The core point of the news is that Dongcai Technology's stock price increased by 5.07%, reaching 19.88 CNY per share, with a trading volume of 864 million CNY and a turnover rate of 4.41%, resulting in a total market capitalization of 20.24 billion CNY [1] - Dongcai Technology, established on December 26, 1994, and listed on May 20, 2011, is based in Chengdu, Sichuan Province, and specializes in the research, manufacturing, and sales of new chemical materials [1] - The company's main business revenue composition includes: electronic materials (28.31%), new energy materials (27.27%), optical film materials (26.23%), electrical insulation materials (9.13%), other main revenues (3.59%), environmental flame retardant materials (3.05%), and others (2.42%) [1] Group 2 - From the perspective of fund holdings, one fund under Bosera Fund has a significant position in Dongcai Technology, specifically the Bosera Huiyue Return Mixed Fund (006813), which held 81,000 shares in the third quarter, accounting for 2.64% of the fund's net value, ranking as the ninth largest holding [2] - The Bosera Huiyue Return Mixed Fund (006813) was established on January 29, 2019, with a latest scale of 62.11 million CNY, achieving a year-to-date return of 47.79%, ranking 1074 out of 8149 in its category, and a one-year return of 41.1%, ranking 1112 out of 8053 [2] - The fund manager of Bosera Huiyue Return Mixed Fund is Liu Ning, who has been in the position for 2 years and 78 days, with the fund's total asset scale at 62.11 million CNY, achieving the best and worst fund return of 42.61% during his tenure [3]

Investment Rating - The report maintains an "Outperform" rating for the company [2] Core Views - The company reported a slight decline in Q3 performance but remains optimistic about the accelerated release of high-frequency and high-speed resins [1][7] - The company is increasing R&D investments, particularly in high-frequency and high-speed resin products, which are expected to benefit from the growing demand in AI computing [7] - The financial outlook has been slightly adjusted, with projected net profits for 2025-2027 revised to 4.00 billion, 5.99 billion, and 7.85 billion respectively [7] Financial Data and Earnings Forecast - Total revenue for Q3 2025 was 3.803 billion, a year-on-year increase of 17% [7] - The net profit attributable to the parent company for Q3 2025 was 283 million, reflecting a year-on-year growth of 20% [7] - The company expects total revenue to reach 5.110 billion in 2025, with a year-on-year growth rate of 14.3% [6] - The gross profit margin for Q3 2025 was 15.56%, with a slight increase year-on-year but a decrease quarter-on-quarter [7] - The projected earnings per share for 2025 is 0.39 yuan, with a PE ratio of 48 [6][7] Segment Performance - In the electronic materials segment, high-frequency and high-speed resins saw a sales volume increase of 50% year-on-year, driven by demand from AI applications [7] - The new energy materials segment reported a sales volume of 15,300 tons in Q3 2025, with revenue of 3.35 billion, although prices faced downward pressure [7] - Optical film materials achieved a sales volume of 32,800 tons, with revenue of 3.75 billion, indicating stable growth [7]

证券代码：601208 证券简称：东材科技 公告编号：2025-098 四川东材科技集团股份有限公司 资者及时了解公司生产经营概况之用，敬请广大投资者理性投资，注意投资风险。 特此公告。 四川东材科技集团股份有限公司董事会 2025 年 10 月 24 日 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 根据上海证券交易所《上市公司自律监管指引第 3 号——行业信息披露》之 《第十三号——化工》的相关规定，四川东材科技集团股份有限公司（以下简称 "公司"）现将 2025 年第三季度的主要经营数据，披露如下： | 主要产品 | 单位 | 年 月 2025 7-9 平均售价 | 年 2024 7-9 平均售价 | 月 | 变动比例（%） | | --- | --- | --- | --- | --- | --- | | 电工绝缘材料 | 元/吨 | 9,133.93 | | 8,968.23 | 1.85 | | 新能源材料 | 元/吨 | 21,938.23 | | 24,410.09 | -10.13 | | 光学膜材料 | 元/吨 ...

2025 年第二季度主要经营数据公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 | 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 三、主要原材料的价格变动情况（不含税） | 主要产品 | 单位 | 年 2025 平均进价 | 4-6 | 月 | 年 2024 平均进价 | 月 4-6 | 变动比例（%） | | --- | --- | --- | --- | --- | --- | --- | --- | | 聚酯切片 | 元/吨 | | 5,370.72 | | | 6,552.63 | -18.04 | | 甲醇-工业级 | 元/吨 | | 2,107.42 | | | 2,214.33 | -4.83 | | PTA | 元/吨 | | 4,320.26 | | | 5,397.72 | -19.96 | | 苯酚-工业级 | 元/吨 | | 6,174. ...

Core Viewpoint - Dongcai Technology's stock experienced a significant increase, reaching a limit up of 9.99% on August 22, with a trading price of 19.12 yuan per share and a total market capitalization of 17.325 billion yuan [1] Company Overview - Sichuan Dongcai Technology Group Co., Ltd. is located in Mianyang Economic and Technological Development Zone and focuses on the research, manufacturing, and sales of new materials [1] - The company specializes in optical film materials, environmentally friendly flame-retardant materials, and advanced electronic materials, serving over 50 countries and regions [1] - Dongcai Technology aims to become a world-renowned innovative new material production service provider through systematic innovation, technological integration, product diversification, and specialized services [1] Financial Performance - For the period from January to March 2025, Dongcai Technology achieved operating revenue of 1.134 billion yuan, representing a year-on-year growth of 23.23% [1] - The net profit attributable to shareholders for the same period was 91.8773 million yuan, showing a year-on-year increase of 81.16% [1] - As of March 31, the number of shareholders was 35,800, with an average of 25,000 circulating shares per person [1]

Core Viewpoint - Dongcai Technology's stock price increased by 5.72% on August 15, reaching 18.47 CNY per share, with a trading volume of 354 million CNY and a turnover rate of 2.17%, resulting in a total market capitalization of 16.736 billion CNY [1] Company Overview - Sichuan Dongcai Technology Group Co., Ltd. is located in Mianyang Economic and Technological Development Zone and focuses on the research, manufacturing, and sales of new materials [1] - The company’s main products include optical film materials, environmentally friendly flame-retardant materials, and advanced electronic materials, serving multiple sectors and exporting to over 50 countries and regions [1] - Dongcai Technology aims to become a world-renowned innovative new materials production service provider through systematic innovation, technological integration, product diversification, and specialized services [1] Financial Performance - For the period from January to March 2025, Dongcai Technology achieved operating revenue of 1.134 billion CNY, representing a year-on-year growth of 23.23% [1] - The net profit attributable to shareholders for the same period was 91.877 million CNY, showing a significant year-on-year increase of 81.16% [1] - As of March 31, the number of shareholders was 35,800, with an average of 25,000 circulating shares per person [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [6][4]. Core Views - The company achieved a revenue of 4.47 billion yuan in 2024, representing a year-on-year increase of 19.6%, while the net profit attributable to shareholders was 181 million yuan, a decrease of 44.54% [1][2]. - In Q1 2025, the company reported a revenue of 1.13 billion yuan, up 23.23% year-on-year but down 7.37% quarter-on-quarter, with a net profit of 92 million yuan, reflecting an 81.16% increase year-on-year [1][2]. - The decline in 2024's net profit was primarily due to prolonged losses in the sales prices of epoxy resin and photovoltaic backplane films, alongside increased market penetration of dual-glass components [2]. - The company is expanding its production capacity across multiple bases, with significant projects expected to come online in late 2025 and early 2026 [3]. Summary by Sections Financial Performance - The company’s revenue for 2024 was 4.47 billion yuan, with a growth rate of 19.6%. The net profit for the same year was 181 million yuan, down 44.54% [5][4]. - For Q1 2025, the revenue was 1.13 billion yuan, showing a year-on-year increase of 23.23% and a quarter-on-quarter decrease of 7.37%. The net profit was 92 million yuan, up 81.16% year-on-year [1][2]. Capacity Expansion - The company has a strong multi-base layout with ongoing capacity construction, including projects in Mianyang, Chengdu, Jiangsu, and Shandong, expected to be operational between late 2025 and early 2026 [3]. Profitability Forecast - The profit forecast for 2025-2027 has been adjusted downwards, with expected net profits of 416 million yuan, 509 million yuan, and 612 million yuan respectively [4][5]. - The company is focusing on high-value products such as high-voltage electrical polypropylene films and ultra-thin electronic polypropylene films, which are expected to enhance brand competitiveness and overall profitability [2].

Investment Rating - The report maintains an "Outperform" rating for the company [2][6] Core Views - The company reported a revenue of 4.47 billion yuan for 2024, a year-on-year increase of 20%, but a net profit of 181 million yuan, down 45% year-on-year [6] - The first quarter of 2025 shows a revenue of 1.13 billion yuan, up 23% year-on-year, and a net profit of 92 million yuan, up 81% year-on-year, indicating a performance turnaround [6] - The company is focusing on expanding its high-frequency and high-speed resin production to capture industry opportunities, with a projected investment of 700 million yuan for new production lines [6] Financial Data Summary - For 2024, the total revenue is projected at 4.47 billion yuan, with a net profit of 181 million yuan, and an expected growth in revenue to 5.07 billion yuan in 2025 [8] - The gross profit margin for 2024 is 13.9%, with a forecasted increase to 19.1% by 2025 [6][8] - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling approximately 89 million yuan, which represents 87.77% of the annual net profit [6] Segment Performance - The electronic materials segment achieved a revenue of 1.12 billion yuan in Q1 2025, a 129% increase year-on-year, driven by demand for high-speed electronic resins [6] - The optical film materials segment reported a revenue of 3.00 billion yuan in Q1 2025, a 43% increase year-on-year, with expectations for gradual improvement in product pricing and gross margins [6] - The new energy materials segment saw a revenue of 3.09 billion yuan in Q1 2025, but faced challenges due to declining demand for photovoltaic backsheet films [6]