数据显示，西部利得基金旗下1只基金重仓新宙邦。西部利得景程混合A（673141）二季度持有股数10.1 万股，占基金净值比例为2.26%，位居第八大重仓股。根据测算，今日浮亏损失约27.67万元。 西部利得景程混合A（673141）成立日期2018年6月20日，最新规模8396.39万。今年以来收益40%，同 类排名2401/8166；近一年收益35.36%，同类排名2675/8014；成立以来收益63.09%。 10月10日，新宙邦跌5.23%，截至发稿，报49.66元/股，成交5.25亿元，换手率1.92%，总市值371.35亿 元。 资料显示，深圳新宙邦科技股份有限公司位于广东省深圳市坪山区昌业路新宙邦科技大厦，成立日期 2002年2月19日，上市日期2010年1月8日，公司主营业务涉及新型电子化学品及功能材料的研发、生 产、销售和服务。主营业务收入构成为：电池化学品66.43%，有机氟化学品17.03%，电子信息化学品 16.03%，其他(补充)0.50%。 从基金十大重仓股角度 西部利得景程混合A（673141）基金经理为董伟炜。 截至发稿，董伟炜累计任职时间10年147天，现任基金资产总规模19. ...

Core Viewpoint - The stock of Shenzhen New Zobon Technology Co., Ltd. has shown significant growth this year, with a year-to-date increase of 41.18% and a notable rise in recent trading days, indicating strong market interest and performance [2]. Company Overview - Shenzhen New Zobon Technology Co., Ltd. was established on February 19, 2002, and went public on January 8, 2010. The company specializes in the research, production, sales, and service of new electronic chemicals and functional materials [2]. - The main revenue composition includes battery chemicals (66.43%), organic fluorine chemicals (17.03%), electronic information chemicals (16.03%), and others (0.50%) [2]. - The company is categorized under the power equipment industry, specifically in battery chemicals, and is associated with concepts such as fluorine chemicals, MSCI China, supercapacitors, lithium batteries, and margin financing [2]. Financial Performance - For the first half of 2025, the company achieved a revenue of 4.248 billion yuan, representing a year-on-year growth of 18.58%. The net profit attributable to shareholders was 484 million yuan, reflecting a growth of 16.36% [2]. - Since its A-share listing, the company has distributed a total of 2.149 billion yuan in dividends, with 1.121 billion yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 18.69% to 38,200, while the average circulating shares per person increased by 21.66% to 14,141 shares [2]. - The top ten circulating shareholders include notable funds, with the Dongfang New Energy Theme Mixed Fund holding 13.4071 million shares, an increase of 278,400 shares from the previous period [3].

Company Overview - Shenzhen New Zobon Technology Co., Ltd. was established on February 19, 2002, and listed on January 8, 2010. The company specializes in the research, production, sales, and service of new electronic chemicals and functional materials [1][2] - The main business revenue composition includes battery chemicals (66.43%), organic fluorine chemicals (17.03%), electronic information chemicals (16.03%), and others (0.50%) [1] Financial Performance - For the first half of 2025, the company achieved operating revenue of 4.248 billion yuan, representing a year-on-year growth of 18.58%. The net profit attributable to shareholders was 484 million yuan, up 16.36% year-on-year [2] - Since its A-share listing, the company has distributed a total of 2.149 billion yuan in dividends, with 1.121 billion yuan distributed in the last three years [3] Stock Performance - As of September 26, the stock price increased by 2.01%, reaching 49.11 yuan per share, with a total market capitalization of 36.723 billion yuan. The stock has risen 32.57% year-to-date and 48.46% over the past 60 days [1] - The stock's trading volume on September 26 was 322 million yuan, with a turnover rate of 1.23% [1] Shareholder Structure - As of June 30, the number of shareholders decreased by 18.69% to 38,200, while the average circulating shares per person increased by 21.66% to 14,141 shares [2] - The top ten circulating shareholders include notable funds such as Dongfang New Energy Theme Mixed Fund and E Fund Growth ETF, with changes in their holdings noted [3]

Investment Rating - The report upgrades the investment rating of the company to "Buy" from "Accumulate" [5] Core Views - The company maintains stable growth in its main business and is building an integrated lithium battery industry layout, with battery chemical business revenue reaching 2.815 billion yuan in H1 2025, a year-on-year increase of 22.77% [1][5] - The demand for fluorochemical products is expected to grow due to the development of new energy, data centers, and digital infrastructure, creating a window for domestic substitution [1] - The company is advancing its projects in Malaysia and the United States, which are expected to enhance profitability as overseas customer volumes increase and the self-supply ratio of hexafluoride rises [1] Summary by Sections Battery Chemicals - In H1 2025, the battery chemicals business achieved revenue of 2.815 billion yuan, with a significant increase in sales volume despite a competitive market and declining prices [1] - The company anticipates an annual shipment volume of over 280,000 tons for the year [1] Fluorochemical Demand - The growth in downstream industries is driving the demand for fluorochemical products, with the company completing customer certifications for its fluorinated liquid products [1] - Key projects such as the annual production of 30,000 tons of high-end fluorinated fine chemicals and 5,000 tons of high-performance fluorinated materials are progressing steadily [1] Electronic Fine Chemicals - The electronic fine chemicals business generated revenue of 679 million yuan in H1 2025, reflecting a year-on-year growth of 25.18% [2] - The semiconductor industry is driving demand, with the company focusing on developing new products for data centers and semiconductor applications [2] Financial Projections - The company is projected to achieve net profits of 1.13 billion yuan, 1.50 billion yuan, and 1.86 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding EPS of 1.51 yuan, 2.01 yuan, and 2.49 yuan [2][3]

9月17日，新宙邦跌0.68%，成交额11.80亿元。两融数据显示，当日新宙邦获融资买入额1.28亿元，融 资偿还1.91亿元，融资净买入-6226.32万元。截至9月17日，新宙邦融资融券余额合计7.77亿元。 融资方面，新宙邦当日融资买入1.28亿元。当前融资余额7.67亿元，占流通市值的2.14%，融资余额超 过近一年90%分位水平，处于高位。 资料显示，深圳新宙邦科技股份有限公司位于广东省深圳市坪山区昌业路新宙邦科技大厦，成立日期 2002年2月19日，上市日期2010年1月8日，公司主营业务涉及新型电子化学品及功能材料的研发、生 产、销售和服务。主营业务收入构成为：电池化学品66.43%，有机氟化学品17.03%，电子信息化学品 16.03%，其他(补充)0.50%。 截至6月30日，新宙邦股东户数3.82万，较上期减少18.69%；人均流通股14141股，较上期增加21.66%。 2025年1月-6月，新宙邦实现营业收入42.48亿元，同比增长18.58%；归母净利润4.84亿元，同比增长 16.36%。 分红方面，新宙邦A股上市后累计派现21.49亿元。近三年，累计派现11.21亿元。 机构持仓 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by more than 15% in the next six months [5][23]. Core Views - The company's organic fluorine business continues to grow, driven by innovation, which supports long-term growth prospects [1]. - The overall sales gross margin for the first half of 2025 is 25.05%, a decrease of 2.83 percentage points compared to the same period in 2024 [2]. - The company has seen significant growth in its operating cash flow, with a net cash flow from operating activities of 569 million, up 321.57% year-on-year [3]. - The company is focusing on technological research and strategic layout to enhance its core competitiveness across four major business modules [10]. Financial Performance Summary - For the first half of 2025, the company reported revenue of 4.248 billion, an increase of 18.58% year-on-year, and a net profit of 484 million, up 16.36% year-on-year [1]. - The company expects revenues of 10.236 billion, 12.634 billion, and 14.115 billion for 2025, 2026, and 2027 respectively, with corresponding net profits of 1.178 billion, 1.537 billion, and 2.030 billion [12]. - The company's three main business segments—battery chemicals, organic fluorine chemicals, and electronic information chemicals—are all experiencing growth, with battery chemicals revenue reaching 2.815 billion, up 22.77% year-on-year [3][9]. Business Segment Performance - The organic fluorine chemicals segment achieved revenue of 722 million, a year-on-year increase of 1.37%, with a gross margin of 62.80% [4]. - The electronic information chemicals segment reported revenue of 679 million, a growth of 25.18% year-on-year, with a gross margin of 47.82% [9]. - The company is enhancing its global layout to meet customer demands, with ongoing projects in Malaysia and the United States to expand its battery chemicals capacity [11].

Company Overview - Shenzhen New Zobon Technology Co., Ltd. is located in Pingshan District, Shenzhen, Guangdong Province, established on February 19, 2002, and listed on January 8, 2010. The company specializes in the research, production, sales, and service of new electronic chemicals and functional materials [1]. Financial Performance - As of June 30, 2025, New Zobon achieved operating revenue of 4.248 billion yuan, representing a year-on-year growth of 18.58%. The net profit attributable to shareholders was 484 million yuan, an increase of 16.36% year-on-year [2]. - The company has cumulatively distributed cash dividends of 2.149 billion yuan since its A-share listing, with 1.121 billion yuan distributed in the last three years [3]. Stock Performance - On August 28, New Zobon’s stock price increased by 2.02%, reaching 45.37 yuan per share, with a trading volume of 586 million yuan and a turnover rate of 2.44%. The total market capitalization stood at 33.927 billion yuan [1]. - Year-to-date, the stock price has risen by 22.47%, with a 5-day increase of 8.39%, a 20-day increase of 34.39%, and a 60-day increase of 46.73% [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 18.69% to 38,200, while the average circulating shares per person increased by 21.66% to 14,141 shares [2]. - Among the top ten circulating shareholders, Dongfang New Energy Theme Mixed Fund ranked third with 13.4071 million shares, an increase of 278,400 shares compared to the previous period. E Fund Growth ETF ranked fourth with 11.9368 million shares, a decrease of 469,300 shares [3].

Group 1: Company Performance and Strategy - 大金重工 has seen a significant increase in overall shipment volume, with a year-on-year growth of over 40%, particularly in export marine products which have doubled [1] - 晶澳科技 expects a 15-18% growth in installation demand by 2025, primarily driven by the Chinese market, with a slight increase anticipated in 2026 [2] - 杭氧股份 anticipates a rapid growth in helium sales over the next three years, with sales in the first half of 2025 exceeding the total for the previous year [3] - 伟星股份 reported a 1.80% year-on-year revenue growth for the first half of 2025, with international business growing by 13.72% [4] - 新宙邦 achieved a revenue of 42.48 billion yuan in the first half of 2025, marking an 18.58% year-on-year increase [5] - 亿联网络 maintains stable gross margins and is optimistic about performance recovery in the second half of the year [6] - 银轮股份 has established a product system focused on data centers, energy storage, and low-altitude aircraft, with positive progress in customer collaborations [7] - 同飞股份 reported a 77.48% year-on-year increase in revenue from power electronics temperature control products [8] - 南方泵业's liquid cooling business generated approximately 66 million yuan in sales, with a focus on new product development [9] - 珠海冠宇 achieved a revenue of 60.98 billion yuan in the first half of 2025, reflecting a 14.03% year-on-year growth [11] - 华丰科技's sales in the new energy vehicle sector have increased, with plans to expand market scale [12] - 中际旭创 is confident in maintaining gross margin growth through cost management and technology advancements [13] Group 2: Market Trends and Opportunities - 大金重工 is expanding its integrated services and has confidence in securing European orders due to its strategic positioning in the offshore engineering sector [1] - 晶澳科技 is adjusting prices based on market conditions and anticipates continued demand growth in the solar energy sector [2] - 杭氧股份 is actively expanding its overseas business, particularly in Southeast Asia, to leverage higher margins compared to domestic sales [3] - 伟星股份 is observing a cautious industry trend but has noted a recent improvement in order intake [4] - 新宙邦 is capitalizing on market opportunities arising from the shutdown of international competitors in the fluorinated liquid sector [5] - 亿联网络's overseas capacity expansion is expected to enhance its operational capabilities in the European market [6] - 银轮股份 is focusing on developing products for emerging fields such as energy storage and low-altitude flying vehicles [7] - 同飞股份 is expanding its product offerings in the cooling solutions market, particularly for data centers [8] - 南方泵业 is enhancing its sales network in overseas markets, particularly in the Middle East and Vietnam [9] - 珠海冠宇 is advancing its research in solid-state batteries and sodium-ion technology, indicating a focus on innovative energy solutions [11] - 华丰科技 is promoting high-voltage connector applications to capture growth in the electric vehicle market [12] - 中际旭创 is exploring new applications for optical connections, indicating a focus on technological advancements in data centers [13]

Group 1: Company Insights - Puran's storage product line accounted for approximately 74% of revenue in the first half of the year, with "storage+" products making up about 26% [1] - ETOX process NOR Flash revenue share is increasing, with large capacity products delivered to industrial and communication clients [1] - MCU shipments grew over 50% year-on-year, dominating the "storage+" segment, while the company aims to expand into industrial and energy markets [1] Group 2: Financial Performance - New Zhou Bang achieved revenue of 4.248 billion yuan in the first half of 2025, an 18.58% year-on-year increase, with net profit rising 16.36% to 484 million yuan [2] - Battery chemicals revenue reached 2.815 billion yuan, up 22.77%, while electronic information chemicals saw a 25.18% increase to 679 million yuan [2] - The company is capitalizing on market opportunities from international manufacturers' production halts, with stable capacity utilization rates at its Poland electrolyte plant [2] Group 3: Market Trends - Huafeng Technology's sales in the new energy vehicle sector are growing, with plans to expand market size and promote high-voltage connector applications [3] - The company is experiencing asset impairment mainly due to increased accounts receivable and customer cost control [3] - High-speed I/O connector business is small but part of a subsidiary's offerings, with 224G high-speed backplane connectors having completed customer validation tests [3]

Group 1: Nasda (奔图) - Significant growth in printer sales in the information technology innovation market, with a year-on-year increase of 65% in shipment volume in the first half of the year and a quarter-on-quarter increase of 130% in the second quarter [1] - Provided printing support for major national events such as the Two Sessions, Boao Forum, and Summer Davos [1] - Deep adaptation completed with over 10 domestic operating systems and more than 20 office software [1] - Positive progress in the financial sector with state-owned and joint-stock banks gradually replacing printers [1] - Achieved some bids in the medical sector with top-tier hospitals and collaborating with leading companies in the education sector to develop smart printers [1] - After selling Lexmark, the company's operations have become more stable, with plans to expand into European and Belt and Road markets [1] - A3 products will start from the Chinese market, aiming to cover nearly 90% of the demand in developing countries within two years [1] Group 2: New Zhobang (新宙邦) - In the first half of 2025, achieved operating revenue of 4.248 billion yuan, a year-on-year increase of 18.58%, and a net profit of 484 million yuan, a year-on-year increase of 16.36% [2] - Revenue from battery chemicals reached 2.815 billion yuan, up 22.77%, while organic fluorine chemicals revenue was 722 million yuan, up 1.37%, and electronic information chemicals revenue was 679 million yuan, up 25.18% [2] - The fluorinated liquid business is benefiting from market opportunities due to the shutdown of international mainstream manufacturers, with capacity reserves completed in hydrogen fluoride ether and perfluoropolyether fields [2] - The capacity utilization rate of the Poland electrolyte factory is stable at 50%-70%, covering overseas customer demand [2] - The lithium hexafluorophosphate product from Shilei Fluorine Materials is fully produced and sold, with expectations for improved profitability in the second half of the year [2] - Domestic electrolyte market has low gross margins, while the European market has higher gross margins [2] - Projects Haidefu and Haisefu are expected to start production by the end of 2026 and 2027, respectively [2] - Perfluoroisobutylene products have achieved large-scale sales, with an expected market space of several billion yuan [2] - Revenue and profit from capacitor chemicals business have seen double-digit growth, driven by rapid demand growth for solid-state capacitors and supercapacitors [2]