泓德新能源产业混合发起式A（018029）成立日期2023年3月24日，最新规模775.64万。今年以来收益 41.96%，同类排名1857/8167；近一年收益54.35%，同类排名1717/8010；成立以来亏损3.47%。 泓德新能源产业混合发起式A（018029）基金经理为孙泽宇。 截至发稿，孙泽宇累计任职时间1年291天，现任基金资产总规模6.23亿元，任职期间最佳基金回报 51.38%， 任职期间最差基金回报4.12%。 9月30日，信德新材涨5.63%，截至发稿，报40.88元/股，成交7354.93万元，换手率3.77%，总市值41.70 亿元。 资料显示，辽宁信德新材料科技(集团)股份有限公司位于辽宁省大连长兴岛经济区马咀路58号，成立日 期2000年11月7日，上市日期2022年9月9日，公司主营业务涉及负极包覆材料产品的研发、生产与销 售。主营业务收入构成为：负极包覆材料43.10%，裂解萘馏分34.33%，炭黑原料油21.75%，碳纤维制 品0.53%，树脂0.20%，其他0.09%。 从基金十大重仓股角度 数据显示，泓德基金旗下1只基金重仓信德新材。泓德新能源产业混合发起式A（018 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 智通财经记者 | 陶知闲 业绩表面逆袭难掩主业疲软 信德新材（301349.SZ）的股东们开始减持套现了。 这家公司的股东尚融宝盈（持有公司股份 584.52 万股，占总股本 5.73%，为第四大股东）及尚融聚源（持有 30.76 万股，占总股本 0.3%）计划共同减持 公司不超过 2% 的股权。 2025 年上半年，信德新材交出了一份看似亮眼的业绩答卷。公司在财报中甚至还解释，业绩改善的核心驱动因素是 "主产品价格企稳回升与销量增长形 成共振，叠加产品结构优化、供应链效率提升及科研创新推动出货量与毛利率同步提升"。 但 "逆袭" 背后，却隐藏着主营业务盈利能力不足的真相 ——信德新材上半年扣非后净利润为亏损 378 万元，意味着剔除非经常性损益后，主业仍未摆 脱亏损状态。 归母净利润的增长更像是短期因素的叠加，而非主业实质性改善。2024 年信德新材营收 8.1 亿元，同比下滑 15%；归母净利润亏损 3304 万元，同比下滑 180%，扣非净利润更是亏损 5668 万元，基数较低的情况下，2025 年上半年的利润增长存在一定'修复性 ...

智通财经记者 | 陶知闲 信德新材（301349.SZ）的股东们开始减持套现了。 这家公司的股东尚融宝盈（持有公司股份 584.52 万股，占总股本 5.73%，为第四大股东）及尚融聚源 （持有 30.76 万股，占总股本 0.3%）计划共同减持公司不超过 2% 的股权。 实际上，信德新材的业绩并不差。上半年公司营业收入 5.10 亿元，同比增长 41.31%；归属于上市公司 股东的净利润 981.37 万元，同比增幅高达 169.28%，相较于 2024 年同期的亏损 1416 万元的表现，似 乎实现了 "扭亏为盈" 的跨越。 那么，重要股东为何会选择套现？ 业绩表面逆袭难掩主业疲软 2025 年上半年，信德新材交出了一份看似亮眼的业绩答卷。公司在财报中甚至还解释，业绩改善的核 心驱动因素是 "主产品价格企稳回升与销量增长形成共振，叠加产品结构优化、供应链效率提升及科研 创新推动出货量与毛利率同步提升"。 但 "逆袭" 背后，却隐藏着主营业务盈利能力不足的真相 ——信德新材上半年扣非后净利润为亏损 378 万元，意味着剔除非经常性损益后，主业仍未摆脱亏损状态。 归母净利润的增长更像是短期因素的叠加，而非主业 ...

Group 1 - The company Xinde New Materials (SZ 301349) announced a share reduction plan from major shareholders holding over 5% of the company's shares, specifically from Shangrong Baoying and its action-in-concert party, Shanghai Shangrong Juyuan [1] - Shangrong Baoying holds approximately 5.85 million shares and Shangrong Juyuan holds about 310,000 shares, totaling around 6.15 million shares, which represents 6.0955% of the total share capital after excluding repurchased shares [1] - The planned reduction will not exceed approximately 3.03 million shares, accounting for 3% of the total share capital after excluding repurchased shares and about 2.97% of the total A-share capital [1] Group 2 - For the first half of 2025, the revenue composition of Xinde New Materials is as follows: other businesses account for 56.9% and negative electrode coating materials account for 43.1% [1] - As of the report date, the market capitalization of Xinde New Materials is 3.9 billion yuan [1]

数据显示，宝盈基金旗下1只基金重仓信德新材。宝盈新锐混合A（001543）二季度持有股数4.17万股， 占基金净值比例为0.98%，位居第十大重仓股。根据测算，今日浮亏损失约8.34万元。连续5天下跌期间 浮亏损失13.47万元。 9月23日，信德新材跌5.09%，截至发稿，报37.29元/股，成交6824.21万元，换手率3.63%，总市值38.04 亿元。信德新材股价已经连续5天下跌，区间累计跌幅7.6%。 宝盈新锐混合A（001543）成立日期2015年11月4日，最新规模1.48亿。今年以来收益31.83%，同类排 名2786/8172；近一年收益76.85%，同类排名1417/7995；成立以来收益195.7%。 资料显示，辽宁信德新材料科技(集团)股份有限公司位于辽宁省大连长兴岛经济区马咀路58号，成立日 期2000年11月7日，上市日期2022年9月9日，公司主营业务涉及负极包覆材料产品的研发、生产与销 售。主营业务收入构成为：负极包覆材料43.10%，裂解萘馏分34.33%，炭黑原料油21.75%，碳纤维制 品0.53%，树脂0.20%，其他0.09%。 从基金十大重仓股角度 截至发稿，蔡丹累 ...

Group 1 - The core viewpoint of the news highlights the performance and financial metrics of Xinde New Materials, including stock price movements and trading volumes [1][2] - On September 1, Xinde New Materials saw a stock price increase of 2.33% with a trading volume of 124 million yuan, while the net financing buy was negative at -2.08 million yuan [1] - As of September 1, the total margin balance for Xinde New Materials was 104 million yuan, representing 6.45% of its circulating market value, indicating a high level of financing [1] Group 2 - As of June 30, the number of shareholders for Xinde New Materials increased to 15,300, a rise of 77.97%, while the average circulating shares per person decreased by 43.81% to 2,745 shares [2] - For the first half of 2025, Xinde New Materials reported a revenue of 510 million yuan, reflecting a year-on-year growth of 41.31%, and a net profit attributable to shareholders of 9.81 million yuan, which is a 169.28% increase year-on-year [2] - Since its A-share listing, Xinde New Materials has distributed a total of 98.31 million yuan in dividends [3]

Financial Performance - In the first half of 2025, the company achieved revenue of 510 million CNY, a year-on-year increase of 41.31% [1] - The net profit attributable to shareholders was 9.81 million CNY, reflecting a significant year-on-year growth of 169.28% [1] Production and Sales Strategy - The company maintained a production capacity utilization rate of 105.47% in the first half of 2025, with normal production scheduled for the third quarter [3] - The company has established safety stock and is balancing production and sales based on market dynamics and real-time inventory [3] Product Development and Market Expansion - The company has expanded its carbon fiber product applications into photovoltaic, optical fiber, and semiconductor fields, continuously optimizing its customer structure [4] - The proportion of high softening point products in the overall shipment has increased, contributing to an overall improvement in gross margin [5][6] Industry Competition and Strategy - The negative electrode material industry faces intensified competition and price adjustments, with overall profitability at historical lows [7] - The company is focusing on enhancing its capabilities through talent development, increased R&D investment, and market expansion to strengthen its competitive position [7] Raw Material Procurement and Cost Control - The company actively optimizes its supply chain management to monitor raw material price fluctuations and maintain stable supply while reducing procurement costs [8] - Strategic partnerships with resource-advantaged suppliers are being pursued to build a sustainable and cost-effective supply chain [8] Capacity Planning - The company has established two major production bases in Dalian and Chengdu, with a total production capacity of 70,000 tons per year for negative electrode coating materials [9] - Future capacity planning will be based on market expansion and actual downstream demand, ensuring cost advantages while achieving precise capacity expansion [9]

Core Viewpoint - The company has demonstrated significant growth in both revenue and profit, successfully turning losses into profits while enhancing its operational capabilities and asset base [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 510 million yuan, a year-on-year increase of 41.31% [1][2]. - The net profit attributable to shareholders reached 9.81 million yuan, marking a substantial increase of 169.28% compared to a loss of 14.16 million yuan in the same period last year [1][2]. - Basic earnings per share improved to 0.0972 yuan, significantly better than the previous year's loss of 0.1398 yuan per share [2]. Group 2: Production Capacity and Innovation - The company has established two major production bases in Dalian and Chengdu, with a total capacity of 70,000 tons per year for negative electrode coating materials [3]. - The Dalian base has a capacity of 25,000 tons per year, and the Chengdu base was upgraded to 30,000 tons per year after acquisition and technical modifications [3]. - Research and development investment reached 14.45 million yuan, a 40.26% increase year-on-year, focusing on material testing and innovation [3]. Group 3: Industry Chain and Efficiency - The subsidiary in Dalian has made breakthroughs in asphalt-based carbon fiber production, achieving integrated production capabilities [4]. - Revenue from by-products, such as carbon black raw oil and naphthalene fractions, increased significantly, with carbon black raw oil revenue rising by 179.01% to 111 million yuan [4]. - The subsidiary Chengdu Yutai reported operating revenue of 233.29 million yuan and a net profit of 21.99 million yuan, showcasing strong performance across business segments [4]. Group 4: Governance and Fund Management - The company implemented a restricted stock incentive plan for 2024, granting 848,000 shares to 76 incentive targets at a price of 15.73 yuan per share [5]. - Efficient use of raised funds from the 2022 IPO, with 9.76 billion yuan (45.06%) utilized out of the total net proceeds of 21.66 billion yuan [5]. - The company maintains a dedicated investor relations team to ensure timely information disclosure and protect shareholder rights [5].

（文章来源：每日经济新闻） 信德新材（301349.SZ）8月19日在投资者互动平台表示，公司负极包覆材料现有产能7万吨/年，位列行 业前列。受益于先发优势，公司在产品质量以及客户资源上都处于行业领先地位，龙头优势明显。 每经AI快讯，有投资者在投资者互动平台提问：请问公司负极包覆材料目前的市占率是多少？ ...

Core Viewpoint - The company clarified that its product pricing is influenced by multiple factors and that the recent rise in lithium carbonate prices does not currently impact its business as it does not use lithium carbonate as a raw material [1] Group 1: Product Pricing Influences - The company's product prices are affected by various factors, including market supply and demand, and it will adjust prices dynamically to protect shareholder interests [1] - The primary raw material for the company's products is ethylene tar, which is distinct from lithium carbonate [1] Group 2: Impact of Lithium Carbonate Prices - The company stated that fluctuations in lithium carbonate prices do not have any current effect on its business performance [1]