1月12日，南亚新材跌1.3%，截至发稿，报74.91元/股，成交4.16亿元，换手率2.37%，总市值175.87亿 元。南亚新材股价已经连续3天下跌，区间累计跌幅6.01%。 截至发稿，王文龙累计任职时间2年279天，现任基金资产总规模50.87亿元，任职期间最佳基金回报 75.87%， 任职期间最差基金回报0.7%。 从基金十大重仓股角度 数据显示，永赢基金旗下1只基金重仓南亚新材。永赢数字经济智选混合发起A（018122）三季度持有 股数228.27万股，占基金净值比例为4.24%，位居第十大重仓股。根据测算，今日浮亏损失约225.98万 元。连续3天下跌期间浮亏损失1093.4万元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，南亚新材料科技股份有限公司位于上海市嘉定区南翔镇昌翔路158号，成立日期2000年6月27 日，上市日期2020年8月18日，公司主营业务涉及覆铜板和粘结片等复合材料及其制品的设计、研发、 生产及销售。主 ...

证券日报网讯1月8日，华正新材（603186）在互动平台回答投资者提问时表示，公司主要从事覆铜板及 粘结片、复合材料和膜材料等产品的设计、研发、生产及销售，产品广泛应用于5G通讯、服务器、数 据中心、半导体封装、新能源汽车、智慧家电、医疗设备、轨道交通、绿色物流等领域，公司直接下游 客户为PCB企业，其覆盖的应用领域，公司均有相应的产品适配。 ...

12月22日晚间，南亚新材发布2025年度向特定对象发行A股股票预案，公司计划募集资金总额不超过9 亿元，用于建设"基于AI算力的高阶高频高速覆铜板研发及产业化项目"和补充流动资金，旨在抢抓AI算 力基础设施升级机遇，巩固公司在高端电子材料领域的竞争力。 南亚新材主营覆铜板、粘结片产品。全球服务器及数据存储领域快速增长，带动高阶高频高速覆铜板需 求激增。业绩面上，2024年以来，南亚新材业绩回暖，2025年前三季度盈利1.58亿元，同比增长 180.79%。 长江商报消息 ●长江商报记者 潘瑞冬 南亚新材（688519.SH）拟加码高阶高频高速覆铜板产能。 AI算力红利释放业绩回暖 南亚新材主营业务是覆铜板和粘结片等复合材料及其制品的设计、研发、生产及销售。 2020年，南亚新材上市，上市以来公司业绩表现波动。2020年至2023年，公司的营业收入分别为21.21 亿元、42.07亿元、37.78亿元、29.83亿元，归母净利润分别为1.36亿元、3.99亿元、4497万元、-1.29亿 元。2023年，公司业绩双降，并陷入亏损。 对于2023年业绩亏损，公司表示，受国际形势和宏观经济环境等因素的影响，产品市 ...

Core Viewpoint - Company plans to issue up to 70.43 million shares to raise no more than 900 million yuan for the development of AI-based high-frequency copper-clad laminates and to supplement working capital [1] Group 1: Company Strategy - The funds raised will be primarily allocated to the "AI-based high-frequency copper-clad laminate R&D and industrialization project," with an investment of 740 million yuan planned for this initiative [2] - The project aims to establish a production capacity of 7.2 million high-frequency copper-clad laminates and 16 million meters of bonding sheets annually, with a construction period of 24 months [2][5] - Company focuses on the design, R&D, production, and sales of copper-clad laminates and bonding sheets, having developed core technologies that align with downstream industry needs over 20 years [3] Group 2: Market Dynamics - The demand for high-performance copper-clad laminates is increasing due to the upgrade of AI servers, 5G communications, and optical modules, which require higher signal transmission rates and lower transmission losses [2] - The AI copper-clad laminate market is projected to reach approximately 2.2 billion USD by 2025, reflecting a 100% year-on-year growth [2] - The electronic information industry is undergoing an upgrade wave, with copper-clad laminates accounting for 30%-40% of PCB production costs, driving demand for high-end products [4] Group 3: Financial Performance - Company reported a revenue of 3.66 billion yuan for the first three quarters, a year-on-year increase of 49.9%, and a net profit of 158 million yuan, up 180.8% year-on-year [4] - The expansion project is expected to enhance market share and improve profitability in the high-end materials sector [5]

Core Viewpoint - Nanya New Materials experienced a 5.1% increase in stock price, reaching 66.19 CNY per share, with a trading volume of 188 million CNY and a market capitalization of 15.539 billion CNY [1] Company Overview - Nanya New Materials Technology Co., Ltd. is located in Jiading District, Shanghai, established on June 27, 2000, and listed on August 18, 2020 [1] - The company's main business involves the design, research and development, production, and sales of composite materials and products, including copper-clad laminates and bonding sheets [1] - Revenue composition: copper-clad laminates account for 77.25%, bonding sheets 20.95%, and other products 1.80% [1] Shareholder Information - Morgan Stanley Fund has a presence among the top ten circulating shareholders of Nanya New Materials, with the "Morgan Stanley Digital Economy Mixed A" fund entering the top ten in Q3, holding 2.2871 million shares, representing 0.97% of circulating shares [2] - The fund has generated an estimated floating profit of approximately 7.3415 million CNY today [2] - The fund was established on March 2, 2023, with a latest scale of 3.351 billion CNY, achieving a year-to-date return of 54.47% and a one-year return of 79.98% [2] Fund Manager Information - The fund manager of "Morgan Stanley Digital Economy Mixed A" is Lei Zhiyong, who has been in the position for 6 years and 223 days [3] - The total asset scale of the fund is 6.281 billion CNY, with the best return during the tenure being 121.39% and the worst return being -9.63% [3]

Group 1 - The core point of the news is that Nanya New Materials has seen a stock price increase of 5.11%, reaching 67.06 CNY per share, with a trading volume of 153 million CNY and a market capitalization of 15.744 billion CNY [1] - Nanya New Materials, established on June 27, 2000, and listed on August 18, 2020, specializes in the design, research and development, production, and sales of composite materials and products, including copper-clad laminates and bonding sheets [1] - The company's main revenue composition includes copper-clad laminates at 77.25%, bonding sheets at 20.95%, and other products at 1.80% [1] Group 2 - From the perspective of fund holdings, one fund under Changxin Fund has a significant position in Nanya New Materials, with Changxin Domestic Demand Balanced Mixed A (012493) holding 273,300 shares, accounting for 4.33% of the fund's net value, making it the fourth-largest holding [2] - The fund has achieved a year-to-date return of 36.8%, ranking 1986 out of 8140 in its category, and a one-year return of 35.04%, ranking 1935 out of 8057 [2] - The fund manager, Wang Qi, has been in position for 3 years and 268 days, with the fund's total asset size at 470 million CNY, and the best and worst returns during his tenure being -4.74% and -15.04%, respectively [2]

Core Viewpoint - Nanya New Materials experienced a 5.05% decline in stock price, closing at 66.06 CNY per share, with a trading volume of 154 million CNY and a turnover rate of 0.97%, resulting in a total market capitalization of 15.509 billion CNY [1] Company Overview - Nanya New Materials Technology Co., Ltd. is located in Jiading District, Shanghai, established on June 27, 2000, and listed on August 18, 2020. The company specializes in the design, research and development, production, and sales of composite materials and products, including copper-clad laminates and bonding sheets [1] - The revenue composition of the company is as follows: copper-clad laminates account for 77.25%, bonding sheets for 20.95%, and other supplementary products for 1.80% [1] Fund Holdings - According to data from the top ten holdings of funds, Changxin Fund has one fund heavily invested in Nanya New Materials. The Changxin Domestic Demand Balanced Mixed A Fund (012493) held 273,300 shares in the third quarter, representing 4.33% of the fund's net asset value, making it the fourth-largest holding [2] - The Changxin Domestic Demand Balanced Mixed A Fund (012493) was established on July 1, 2021, with a current size of 431 million CNY. Year-to-date returns are 41.9%, ranking 1704 out of 8219 in its category; the one-year return is 29.51%, ranking 2257 out of 8125; since inception, it has incurred a loss of 28.2% [2] - The fund manager, Wang Qi, has been in the position for 3 years and 260 days, with the total asset size of the fund at 470 million CNY. The best fund return during his tenure is -4.74%, while the worst is -12.91% [2]

Group 1 - The core viewpoint of the news is that Nanya New Materials has seen a significant increase in stock price, rising by 5.96% to 74.88 CNY per share, with a total market capitalization of 17.58 billion CNY [1] - Nanya New Materials specializes in the design, research and development, production, and sales of composite materials, primarily focusing on copper-clad laminates (77.25% of revenue) and bonding sheets (20.95% of revenue) [1] - The company is located in Jiading District, Shanghai, and was established on June 27, 2000, with its stock listed on August 18, 2020 [1] Group 2 - Morgan Stanley's fund has entered the top ten circulating shareholders of Nanya New Materials, holding 2.2871 million shares, which accounts for 0.97% of the circulating shares [2] - The fund, named Morgan Stanley Digital Economy Mixed A (017102), has achieved a year-to-date return of 67.93% and a one-year return of 75.51%, ranking 320 out of 8149 and 171 out of 8053 in its category, respectively [2] - The fund was established on March 2, 2023, and currently has a total asset size of 3.351 billion CNY [2]

Group 1 - The core viewpoint of the news is that Nanya New Materials has experienced a significant stock price increase, rising 5.31% to 78.38 CNY per share, with a total market capitalization of 18.401 billion CNY and a cumulative increase of 9.91% over three days [1] - Nanya New Materials specializes in the design, research and development, production, and sales of composite materials and products, primarily focusing on copper-clad laminates (77.25% of revenue) and bonding sheets (20.95% of revenue) [1] - The trading volume for Nanya New Materials reached 527 million CNY, with a turnover rate of 2.93% [1] Group 2 - Yongying Fund holds a significant position in Nanya New Materials, with its fund, Yongying Digital Economy Select Mixed Fund A, owning 2.2827 million shares, representing 4.24% of the fund's net value [2] - The fund has realized a floating profit of approximately 9.0166 million CNY today and a total of 15.3167 million CNY during the three-day price increase [2] - The Yongying Digital Economy Select Mixed Fund A has achieved a year-to-date return of 95.18% and a one-year return of 99.84%, ranking 118 out of 8155 and 98 out of 8031 respectively [2]

Core Viewpoint - Shengyi Technology (600183.SH), a leading manufacturer of copper-clad laminates, has reported a significant improvement in performance, leading to a surge in stock price, reaching a historical high of 64.35 CNY per share on October 27, 2023 [1][2]. Financial Performance - Shengyi Technology expects its net profit attributable to shareholders for the first three quarters of 2025 to be between 2.42 billion and 2.46 billion CNY, representing a year-on-year increase of 76% to 79%, surpassing the total net profit for the entire year of 2024 [2]. - The company also anticipates a non-recurring net profit of 2.36 billion to 2.4 billion CNY for the same period, reflecting an increase of 80% to 83% year-on-year [2]. - In 2024, Shengyi Technology reported a net profit of 1.739 billion CNY and a non-recurring net profit of 1.675 billion CNY, indicating strong growth prospects for 2025 [2]. Market Dynamics - The global electronics industry is experiencing a positive trend with strong downstream demand, benefiting Shengyi Technology as a leading player in the copper-clad laminate market [2]. - The company's sales volume of copper-clad laminates has increased year-on-year, contributing to revenue growth and improved gross margins [2]. Historical Context - From 2019 to 2021, Shengyi Technology experienced rapid growth due to the demand driven by 5G construction and electric vehicles. However, the industry faced a downturn starting in 2022, leading to two consecutive years of declining performance [2]. - The company has begun to recover since 2024, with further growth expected in 2025 [2]. Dividend Policy - In response to the improved performance, Shengyi Technology plans to resume its interim dividend policy for the first time in 18 years, proposing a cash dividend of 4.00 CNY per 10 shares (before tax), totaling 972 million CNY [2]. Business Segments - Shengyi Technology's primary business includes the design, production, and sale of copper-clad laminates and bonding sheets, which are widely used in high-performance applications such as AI servers, 5G antennas, and automotive electronics [4]. - The printed circuit board (PCB) segment has shown rapid growth, with revenue reaching 3.63 billion CNY in the first half of 2025, a year-on-year increase of 93.16% [5]. Profitability Metrics - The gross margin for the PCB business in the first half of 2025 was 27.85%, an increase of 12.11 percentage points compared to the same period in 2024 [5]. - The main business of copper-clad laminates and bonding sheets achieved revenue of 8.364 billion CNY in the first half of 2025, with a gross margin of 23.69%, up 1.99 percentage points year-on-year [6]. - Overall, Shengyi Technology's gross margin reached 25.86% in the first half of 2025, the highest in nearly four years [6]. Research and Development - The company has increased its R&D expenditure by 36.49% to 643 million CNY in the first half of 2025, focusing on enhancing product value [6]. - Shengyi Technology applied for 14 domestic patents and 4 overseas patents, with a total of 534 valid authorized patents as of June 30, 2025 [6].