证券日报网讯1月7日，广信材料（300537）在互动平台回答投资者提问时表示，公司龙南基地正按照既 定计划有序推进中，截至目前，公司已完成大部分厂房建设和设备产线布局，并有多个子项目已经开始 生产，其中子项目PCB光刻胶1.6万吨及自制树脂1.2万吨已经实现正式生产，其他子项目预计于2026年 上半年提交试生产申请。随着公司龙南基地产能进一步释放，将进一步丰富公司产品在相关领域的产业 布局，利用集中生产优势和产业链整合优势，提升公司盈利能力，增强公司核心竞争力，支持公司未来 业绩增长，促进公司长期可持续发展。 ...

SILE 6 eller. 4 t 2017 71 r N s 1 y . 7 12月29日，广信材料发布公告称，公司全资子公司江西广臻感光材料有限公司收到龙南市应急管理局相关备案意见回复，募投项目"年产5万吨电子感光材料 及配套材料项目"之"11300t/a自制树脂及7000t/a内层油墨"已获同意备案，后续将严格依规有序组织生产，保障生产安全。 据公告披露，该募投项目实施主体为江西广臻，整体项目分为4个子项目，本次涉及募集资金使用的主要为PCB光刻胶（PCB油墨）、涂料、自制树脂3个子 项目，各子项目进展情况如下： 据悉，该募投项目整体达产后，将进一步丰富广信材料在PCB、显示、光伏、3C消费电子、汽车、海洋工程、工业重防腐、功能膜材及金属包装等领域的 相关材料产业布局，扩大产能空间与产品服务辐射范围，助力公司提升市场竞争力和综合实力，符合公司战略规划及全体股东利益。 · 自制树脂12,000t/a（系PCB光刻胶等成品的重要原材料）：2025年4月取得试生产批复，2025年12月获龙南市应急管理局正式生产批复。 · 涂料15,000t/a（含UV涂料8,000t/a、水性涂料2,000t/a、配套材料5 ...

格隆汇12月29日丨广信材料(300537.SZ)公布，公司全资子公司江西广臻感光材料有限公司（简称"江西广臻"）于近日收到龙 南市应急管理局出具的对《江西广臻感光材料有限公司年产5万吨电子感光材料及配套材料项目(11300t/a自制树脂及7000t/a内 层油墨)安全验收评价报告备案意见》回复意见，龙南市应急管理局已同意公司募投项目"年产5万吨电子感光材料及配套材料 项目"之"11300t/a自制树脂及7000t/a内层油墨"予以备案。后续公司将严格按照相关法律法规，有序组织生产，确保生产安 全。公司本次募投项目的实施主体为全资子公司江西广臻感光材料有限公司（简称"江西广臻"）。公司本次募集资金投资项 目所在的"年产5万吨电子感光材料及配套材料项目"主要分为4个子项目，本次涉及使用募集资金的主要为PCB光刻胶（PCB 油墨）、涂料、自制树脂3个子项目，各子项目目前进展如下： | 序号 | 子项目名称 | 项目明细 | 最新进展及后期计划 | | --- | --- | --- | --- | | | PCB光刻胶 | PCB外层油墨9.000t/a | 已于2024年3月获得试生产批复进行试生产,并于 20 ...

| 序号 | 子项目名称 | 项目明细 | 最新进展及后期计划 | | --- | --- | --- | --- | | | PCB光刻胶 | PCB外层油墨9.000t/a | 已于2024年3月获得试生产批复进行试生产,并于 2025年2月获得龙南市应急管理局批复进行正式 生产。 | | | (PCB油墨) | | | | | 16.000t/a | | 已于2025年4月取得试生产批复进行试生产,并于 | | | | PCB内层油墨7,000t/a | 2025年12月获得龙南市应急管理局批复进行正式 | | | | | 生产。 | | 2 | 自制树脂 | PCB光刻胶等成品的重要原 | 已于2025年4月取得试生产批复进行试生产,并于 2025年12月获得龙南市应急管理局批复进行正式 | | | 12.000t/a | 材料 | | | | | | 生产。 | | 3 | 除料 | UV涂料8,000t/a 水性涂料2,000t/a | 目前已通过消防验收阶段,正在进行设备调试等 | | | 15,000t/a | | 工作,预计于2026年上半年提交涂料试生产申请。 | | | | 配套材料5, ...

Core Insights - The company reported a decline in revenue and profit for the first three quarters of 2025, with revenue at 348 million yuan, down 9.86% year-on-year, and net profit attributable to shareholders at 8.77 million yuan, down 76.65% year-on-year [1][2] Financial Performance - In Q3 2025, the company achieved revenue of 115 million yuan, a decrease of 8.78% year-on-year and 9.52% quarter-on-quarter, with a net profit of -4.77 million yuan, reflecting a 159% year-on-year decline and a 226% quarter-on-quarter decline [1][2] - The gross profit margin decreased by 2.4 percentage points to 34.7% due to price reductions in some products [2] - Total expenses slightly decreased by 0.9% year-on-year, but the selling, general, and administrative expense ratio increased by 2.4 percentage points to 26.9% due to reduced revenue [2] Business Developments - The company is expanding its production capacity at the Longnan base, with several projects in progress, including a 50,000-ton annual production capacity for electronic photosensitive materials [3] - New products such as the HIPRO Graphene heavy-duty anti-corrosion coating are expected to achieve large-scale applications in the offshore and high-end equipment manufacturing sectors by mid-2026 [3] Profit Forecast and Valuation - Due to lower-than-expected sales of photovoltaic BC battery insulation glue, the company's profit forecasts for 2025-2027 have been revised downwards, with expected net profits of 2.6 million yuan, 4.8 million yuan, and 8.5 million yuan for the respective years [3] Future Outlook - The company is anticipated to see new growth points from the release of production capacity at the Longnan base and breakthroughs in new products [4]

Investment Rating - The report maintains an "Accumulate" rating for the company [4][6]. Core Views - The company's revenue and profit have declined due to intensified competition in the photovoltaic adhesive market, with a significant drop in sales of BC battery insulation adhesives [2][4]. - The company is focusing on ramping up production capacity at its Longnan base and promoting new products, which are expected to provide new growth opportunities [3][4]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved revenue of 348 million yuan, a year-on-year decrease of 9.86%, and a net profit attributable to shareholders of 8.77 million yuan, down 76.65% year-on-year [1]. - In Q3 2025, the company reported a single-quarter revenue of 115 million yuan, a year-on-year decrease of 8.78% and a quarter-on-quarter decrease of 9.52%, with a net profit of -4.77 million yuan, reflecting a year-on-year decline of 159% [1]. Cost and Expenses - The gross margin for the first three quarters of 2025 decreased by 2.4 percentage points to 34.7% due to price reductions on some products [2]. - Total expenses slightly decreased by 0.9% year-on-year, but the sales expense ratio increased by 2.4 percentage points to 26.9% due to reduced revenue [2]. Production Capacity and New Products - The company is developing a project in Longnan, Jiangxi, with an annual production capacity of 50,000 tons of electronic photosensitive materials, which includes several new products expected to enter trial production in the second half of 2025 [3]. - The high-performance industrial functional coating brand HIPRO Graphene has passed the NORSOK M-501 standard test, with plans for large-scale applications in the offshore and high-end equipment manufacturing sectors [3]. Profit Forecast and Valuation - The profit forecast for 2025-2027 has been revised downwards, with expected net profits of 2.6 million yuan, 4.8 million yuan, and 8.5 million yuan respectively [4]. - The report anticipates that the release of production capacity at the Longnan base and breakthroughs in new products will lead to new performance growth points [4].