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斯迪克涨2.05%,成交额1.19亿元,主力资金净流出873.22万元
Xin Lang Cai Jing· 2025-09-29 02:40
Core Viewpoint - The stock of Sdiq has shown significant volatility, with a year-to-date increase of 104.10%, but a recent decline of 4.66% over the past five trading days, indicating potential market fluctuations and investor sentiment shifts [1]. Company Overview - Sdiq, established on June 21, 2006, and listed on November 25, 2019, is located in Taicang, Jiangsu Province. The company specializes in the research, production, and sales of functional film materials, electronic-grade adhesive materials, thermal management composite materials, and film packaging materials [1]. - The revenue composition of Sdiq includes: electronic-grade adhesive materials (52.07%), film packaging materials (16.77%), functional film materials (15.93%), polymer film materials (7.62%), other (6.03%), and thermal management composite materials (1.57%) [1]. Financial Performance - As of June 30, 2025, Sdiq reported a revenue of 1.396 billion yuan, representing a year-on-year growth of 4.45%. However, the net profit attributable to shareholders decreased by 22.84% to 25.2281 million yuan [2]. - Since its A-share listing, Sdiq has distributed a total of 91.199 million yuan in dividends, with 32.9732 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Sdiq had 17,800 shareholders, a decrease of 2.15% from the previous period. The average number of circulating shares per person increased by 2.19% to 17,750 shares [2]. - Among the top ten circulating shareholders, Shenwan Lingshin New Economy Mixed A holds the fourth position with 6.6676 million shares, unchanged from the previous period. Hong Kong Central Clearing Limited is the tenth largest shareholder with 3.2071 million shares, a decrease of 2.4778 million shares from the previous period [3].
斯迪克跌2.06%,成交额8270.17万元,主力资金净流出693.01万元
Xin Lang Zheng Quan· 2025-09-23 01:45
Company Overview - Sdiq, established on June 21, 2006, is located at No. 11 Qingdao West Road, Taicang City, Jiangsu Province, and was listed on November 25, 2019 [2] - The company specializes in the research, production, and sales of functional film materials, electronic-grade adhesive materials, thermal management composite materials, and film packaging materials [2] - The revenue composition includes: electronic-grade adhesive materials (52.07%), film packaging materials (16.77%), functional film materials (15.93%), polymer film materials (7.62%), others (6.03%), and thermal management composite materials (1.57%) [2] Stock Performance - As of September 23, Sdiq's stock price decreased by 2.06% to 27.13 CNY per share, with a total market capitalization of 12.298 billion CNY [1] - Year-to-date, Sdiq's stock price has increased by 109.66%, with a 3.55% rise in the last five trading days, 5.11% in the last 20 days, and 64.32% in the last 60 days [2] Financial Performance - For the first half of 2025, Sdiq achieved operating revenue of 1.396 billion CNY, representing a year-on-year growth of 4.45%, while the net profit attributable to shareholders decreased by 22.84% to 25.2281 million CNY [2] - The company has distributed a total of 91.199 million CNY in dividends since its A-share listing, with 32.973 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, Sdiq had 17,800 shareholders, a decrease of 2.15% from the previous period, with an average of 17,750 circulating shares per shareholder, an increase of 2.19% [2] - The top ten circulating shareholders include Shenyin Wanguo New Economy Mixed A (310358) holding 6.6676 million shares, unchanged from the previous period, and Hong Kong Central Clearing Limited holding 3.2071 million shares, a decrease of 2.4778 million shares [3]
斯迪克跌2.06%,成交额2.09亿元,主力资金净流出486.06万元
Xin Lang Cai Jing· 2025-09-16 02:55
Core Viewpoint - The stock of Sdiq has experienced significant fluctuations, with a year-to-date increase of 98.53% and a recent decline of 2.06% on September 16, 2023, indicating volatility in investor sentiment and market conditions [1]. Company Overview - Sdiq, officially known as Jiangsu Sdiq New Materials Technology Co., Ltd., was established on June 21, 2006, and went public on November 25, 2019. The company specializes in the research, production, and sales of functional film materials, electronic-grade adhesive materials, thermal management composite materials, and film packaging materials [1]. - The revenue composition of Sdiq includes electronic-grade adhesive materials (52.07%), film packaging materials (16.77%), functional film materials (15.93%), polymer film materials (7.62%), other (6.03%), and thermal management composite materials (1.57%) [1]. Financial Performance - As of June 30, 2025, Sdiq reported a revenue of 1.396 billion yuan, reflecting a year-on-year growth of 4.45%. However, the net profit attributable to shareholders decreased by 22.84% to 25.2281 million yuan [2]. - Since its A-share listing, Sdiq has distributed a total of 91.199 million yuan in dividends, with 32.9732 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Sdiq had 17,800 shareholders, a decrease of 2.15% from the previous period. The average number of circulating shares per person increased by 2.19% to 17,750 shares [2]. - Among the top ten circulating shareholders, Shenwan Lingshin New Economy Mixed A (310358) holds 6.6676 million shares, unchanged from the previous period, while Hong Kong Central Clearing Limited holds 3.2071 million shares, a decrease of 2.4778 million shares [3]. Market Activity - On September 16, 2023, Sdiq's stock price was 25.69 yuan per share, with a trading volume of 209 million yuan and a turnover rate of 2.53%. The total market capitalization stood at 11.645 billion yuan [1]. - The stock has shown strong performance in recent trading periods, with a 13.42% increase over the last five trading days, a 10.26% increase over the last twenty days, and a 58.58% increase over the last sixty days [1]. Industry Classification - Sdiq is classified under the Shenwan industry category of basic chemicals - plastics - film materials, and is associated with concepts such as photoresist, optics, mid-cap, specialized and innovative enterprises, and smart glasses [1].
斯迪克涨2.07%,成交额1.36亿元,主力资金净流入615.88万元
Xin Lang Cai Jing· 2025-09-15 01:59
Company Overview - Sdiq is located in Taicang, Jiangsu Province, established on June 21, 2006, and listed on November 25, 2019. The company specializes in the research, production, and sales of functional film materials, electronic-grade adhesive materials, thermal management composite materials, and film packaging materials [1]. Financial Performance - As of June 30, 2025, Sdiq achieved operating revenue of 1.396 billion yuan, representing a year-on-year growth of 4.45%. However, the net profit attributable to shareholders decreased by 22.84% to 25.2281 million yuan [2]. - The company has distributed a total of 91.199 million yuan in dividends since its A-share listing, with 32.9732 million yuan distributed over the past three years [3]. Stock Performance - On September 15, Sdiq's stock price increased by 2.07%, reaching 26.63 yuan per share, with a trading volume of 136 million yuan and a turnover rate of 1.65%. The total market capitalization is 12.071 billion yuan [1]. - Year-to-date, Sdiq's stock price has risen by 105.80%, with a 13.80% increase over the last five trading days, a 10.87% increase over the last 20 days, and a 74.28% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, Sdiq had 17,800 shareholders, a decrease of 2.15% from the previous period. The average number of circulating shares per person increased by 2.19% to 17,750 shares [2]. - Among the top ten circulating shareholders, Shenwan Lingshin New Economy Mixed A (310358) holds 6.6676 million shares, unchanged from the previous period, while Hong Kong Central Clearing Limited holds 3.2071 million shares, a decrease of 2.4778 million shares [3]. Business Segmentation - The main business revenue composition includes electronic-grade adhesive materials (52.07%), film packaging materials (16.77%), functional film materials (15.93%), polymer film materials (7.62%), other (supplementary) (6.03%), and thermal management composite materials (1.57%) [1].
斯迪克:控股股东、实际控制人金闯所持有公司的部分股份办理了解除质押手续
Mei Ri Jing Ji Xin Wen· 2025-08-29 10:23
Group 1 - The company, Stik (SZ 300806), announced that its controlling shareholder, Mr. Jin Chuang, has recently completed the release of a portion of his pledged shares [1] - As of the announcement date, Mr. Jin has pledged approximately 71.25 million shares, which accounts for 45.89% of his total shareholding [1] - Stik's revenue composition for the first half of 2025 is as follows: electronic-grade adhesive materials 52.07%, film packaging materials 16.77%, functional film materials 15.93%, polymer film materials 7.62%, and other businesses 6.03% [1] Group 2 - The current market capitalization of Stik is 11.5 billion yuan [1]
斯迪克(300806):公司高比例研发、资产投入,等待收获期
Changjiang Securities· 2025-08-27 10:11
Investment Rating - The investment rating for the company is "Buy" and is maintained [10]. Core Views - The company reported a revenue of 1.4 billion yuan in the first half of 2025, representing a year-on-year increase of 4.5%, while the net profit attributable to shareholders was 30 million yuan, down 22.8% year-on-year [2][7]. - In Q2 2025, the company achieved a revenue of 730 million yuan, which is a 7.8% increase year-on-year and an 8.1% increase quarter-on-quarter. The net profit attributable to shareholders was 16 million yuan, up 10.9% year-on-year and 61.7% quarter-on-quarter [2][7]. Summary by Sections Company Overview - The company is a leader in functional coating composite materials, expanding its development boundaries through both horizontal and vertical growth. Its main products include functional film materials, electronic-grade adhesives, polymer film materials, thermal management composite materials, and film packaging materials, which are applied in key sectors such as consumer electronics, new displays, new energy vehicles, home appliances, and ceramic capacitors [7]. Financial Performance - The company is experiencing revenue growth as new projects are being put into production, but its performance remains under pressure due to the ramp-up phase of new projects and severe industry competition. The overall gross margin in Q2 2025 was 21.7%, a decrease of 0.7 percentage points year-on-year. The R&D expense ratio in Q2 2025 was 8.0%, indicating a sustained high level of investment [7]. Future Prospects - The company is advancing multiple projects funded through IPO and private placements, with several projects already in production. The company plans to invest 510 million yuan in expanding high-end functional film production, targeting applications in the electronics industry and automotive displays. The anticipated release of several key consumer electronic models in the second half of the year is expected to drive steady business growth [7]. Market Opportunities - The domestic market for OCA optical adhesives presents significant growth potential, driven by the increasing value of OCA adhesives in foldable smartphones and the expected rise in their shipment volumes. The company’s electronic-grade adhesive materials and automotive electronic materials are continuously expanding, with the gross margin for the electronic-grade adhesive materials segment at 35.4% in the first half of 2025, up 2.0 percentage points year-on-year [7]. Profit Forecast - The projected net profit attributable to shareholders for 2025-2027 is estimated to be 90 million, 180 million, and 260 million yuan, respectively [7].
晶华新材2025年中报简析:增收不增利,公司应收账款体量较大
Zheng Quan Zhi Xing· 2025-08-11 23:00
本次财报公布的各项数据指标表现一般。其中,毛利率16.6%,同比减2.52%,净利率4.15%,同比减 14.75%,销售费用、管理费用、财务费用总计8151.9万元,三费占营收比8.61%,同比减3.8%,每股净 资产5.43元,同比增7.93%,每股经营性现金流0.09元,同比减67.48%,每股收益0.14元,同比减11.83% 据证券之星公开数据整理,近期晶华新材(603683)发布2025年中报。截至本报告期末,公司营业总收 入9.47亿元,同比上升10.53%,归母净利润3767.44万元,同比下降7.3%。按单季度数据看,第二季度 营业总收入5.09亿元,同比上升8.75%,第二季度归母净利润1888.36万元,同比下降0.94%。本报告期 晶华新材公司应收账款体量较大,当期应收账款占最新年报归母净利润比达512.21%。 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 8.56亿 | 9.471Z | 10.53% | | 归母净利润(元) | 4064.25万 | 3767.44万 | -7.3 ...
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]
晶华新材20250806
2025-08-06 14:45
Summary of Jinghua New Materials Conference Call Company Overview - Jinghua New Materials operates in the adhesive materials industry, covering industrial-grade (54% share), electronic-grade (26% share), and optical-grade adhesives, as well as specialty paper, with applications in construction, automotive, and consumer electronics [2][5][6] Core Business Insights - The company established Beijing Jingzhigan New Materials Co., Ltd. in June 2025, focusing on electronic skin sensors for humanoid robots and medical applications [2] - The revenue targets set in the 2024-2026 equity incentive plan are at least 1.6 billion, 1.9 billion, and 2.3 billion yuan, with net profit growth targets of at least 25%, 65%, and 100% respectively [2][6] - The company has accumulated expertise in material processes and precision coating technology, supporting tactile substrates for low-cost mass production [2][7] Market Dynamics - The global adhesive materials market has seen a compound annual growth rate (CAGR) of approximately 7% over the past five years, with significant growth potential [2][8] - The Chinese market is projected to reach a sales volume of 43.9 billion square meters by 2025, with an annual CAGR of 8% from 2021 to 2025 [2][9] Competitive Advantages - Jinghua New Materials has a competitive edge due to its wide application range, high-margin product mix, and technological synergies [7] - The company is actively transitioning towards high-value products in electronic and optical grades, aiming to replace imports in the new energy sector [3][11] Financial Performance and Projections - The industrial-grade adhesive segment is expected to generate 1 billion yuan in revenue in 2024, accounting for 54% of total revenue, with a gross margin of 15% [3][13] - The electronic-grade adhesive segment is projected to achieve approximately 500 million yuan in revenue in 2024, representing 26% of total revenue, with a gross margin of 27.5% [3][15] - Future revenue projections for 2025 to 2027 are 2.23 billion, 2.64 billion, and 3.16 billion yuan, with corresponding net profits of 80 million, 120 million, and 160 million yuan [18] Production Capacity and Expansion - The company has production bases in Jiangsu, Anhui, Zhejiang, Sichuan, and Guangdong, with new projects entering the performance release phase [16] - New production lines are expected to be launched in 2025, adding 150 million square meters of capacity in electronic and optical grades [16] Emerging Trends - The trend of domestic substitution in the consumer electronics sector is becoming more pronounced, particularly in new display materials [12] - Jinghua New Materials has made breakthroughs in OCA (Optically Clear Adhesive) products, which are critical for mobile touch screens [12] Role in Robotics - Jingzhigan focuses on full-palm tactile solutions for humanoid robots, providing high sensitivity and low-temperature drift advantages [17] Conclusion - Jinghua New Materials is well-positioned to capitalize on the growing adhesive materials market, with a strong focus on high-value products and innovative applications in robotics and medical fields, supported by ambitious growth targets and a solid production capacity expansion plan [2][8][18]
晶华新材(603683):精密涂布为基石,构建多元产品体系
NORTHEAST SECURITIES· 2025-07-08 07:50
Investment Rating - The report initiates coverage with a rating of "Accumulate" for the company [3][5]. Core Insights - The company focuses on adhesive materials, aiming for market share growth in both indoor and outdoor home decoration sectors in 2024, while also expanding into new products in the automotive aftermarket and packaging markets [1]. - The company has successfully entered the supply chain of CATL, the world's largest power battery manufacturer, providing various adhesive tapes for battery assembly [1]. - The optical adhesive film product line covers high-end applications in mobile displays, including foldable screens and curved screens [1]. Financial Performance - In 2024, the company is projected to achieve revenue of 1.88 billion yuan, a year-on-year increase of 20.94%, with electronic-grade adhesive materials revenue expected to reach 494 million yuan, up 48.75% year-on-year [2]. - The gross margin for electronic-grade adhesive materials is forecasted at 27.45%, an increase of 3.35 percentage points year-on-year [2]. - The company maintains a leading position in adhesive material production capacity, with plans for significant production lines across multiple provinces [2]. Profit Forecast - The projected net profits for the company from 2025 to 2027 are 82 million yuan, 103 million yuan, and 123 million yuan, respectively, with corresponding P/E ratios of 57.47, 46.18, and 38.63 [3].