Core Viewpoint - The company,研奥股份, is currently focused on the rail transportation sector while exploring potential technology extensions and business expansions into new areas such as new materials, intelligent control, and green energy-saving technologies [1] Group 1 - The company's product business is primarily concentrated in the rail transportation field [1] - The company has accumulated common technologies in new materials, intelligent control, and green energy-saving, which may provide opportunities for future expansion into other sectors [1] - The company plans to continue monitoring market opportunities while cautiously exploring beyond its main business [1]

12月8日，海关总署公布了今年前11个月的外贸数据，我国贸易顺差首次超1万亿美元。民营企业成为外 贸稳定增长的核心支柱，占我国外贸总值的57.1%。 此外，我国也面临着复杂的国内国际形势，不断推动稳外贸的政策，包括出口信贷、支持贸易的便利化 措施、海关通关的措施，使一些企业纾困的压力大大减缓。 中国对美出口下降 但全球贸易地位为何不降反升？ 张茉楠：我觉得中美之间现在的变化，也恰恰体现了全球化时代深度依存的关系。中国对美国的贸易出 口出现了很大的降幅，但中国作为全球贸易大国，中国在全球的贸易顺差这样一种分量其实不降反升， 我国对很多国家其实都是保持了贸易不断发展。尽管与美国的贸易有所下降，但是中国对全球的贸易增 长反而越来越紧密，比如我们与不同的贸易伙伴之间，形成了更加稳定、更加紧密的贸易互惠关系。 一方面体现了中国作为全球贸易增长引擎的地位。另外，中国近些年来，不断去拓展贸易多元化或者贸 易结构升级，现在在全球的一些比如高技术产品中，中国不可替代性的角色越来越明显了。比如欧盟对 中国的新能源汽车、工业设备，还有轨道交通这些产品的需求实际上都是在增长的，这是双方在产业结 构分工和贸易结构变化之间的客观结果，也 ...

出口产品结构升级，新兴市场多点开花，我国外贸韧性来自哪里？明年的外贸怎么干，如何继续焕发中国活力？《新闻1+1》连线中国国际经 济交流中心研究员张茉楠，带来分析解读。 12月8日，海关总署公布了今年前11个月的外贸数据，我国贸易顺差首次超1万亿美元。民营企业成为外贸稳定增长的核心支柱，占我国外贸总 值的57.1%。 张茉楠：我觉得中美之间现在的变化，也恰恰体现了全球化时代深度依存的关系。中国对美国的贸易出口出现了很大的降幅，但中国作为全球 贸易大国，中国在全球的贸易顺差这样一种分量其实不降反升，我国对很多国家其实都是保持了贸易不断发展。尽管与美国的贸易有所下降， 但是中国对全球的贸易增长反而越来越紧密，比如我们与不同的贸易伙伴之间，形成了更加稳定、更加紧密的贸易互惠关系。 一方面体现了中国作为全球贸易增长引擎的地位。另外，中国近些年来，不断去拓展贸易多元化或者贸易结构升级，现在在全球的一些比如高 技术产品中，中国不可替代性的角色越来越明显了。比如欧盟对中国的新能源汽车、工业设备，还有轨道交通这些产品的需求实际上都是在增 长的，这是双方在产业结构分工和贸易结构变化之间的客观结果，也是我们现在看到的新形势和新变化 ...

12月8日，海关总署公布了今年前11个月的外贸数据，我国贸易顺差首次超1万亿美元。民营企业成为外贸稳定增长的核心支柱，占我国外贸总值的57.1%。 出口产品结构升级，新兴市场多点开花，我国外贸韧性来自哪里？明年的外贸怎么干，如何继续焕发中国活力？《新闻1+1》连线中国国际经济交流中心研 究员张茉楠，带来分析解读。 0:00 中国外贸的韧性，来自哪里？ 中国对美出口下降 但全球贸易地位为何不降反升？ 第三，中国的贸易结构和产业结构在不断优化，向产业链的高端迈进。在贸易结构当中，工业制成品包括集成电路、机械产品和汽车等，现在是整个 贸易增长最重要的支柱和引擎。 此外，我国也面临着复杂的国内国际形势，不断推动稳外贸的政策，包括出口信贷、支持贸易的便利化措施、海关通关的措施，使一些企业纾困的压 力大大减缓。 0:00 0:00 中国国际经济交流中心研究员 张茉楠：今天取得这样的成绩非常来之不易，也是中国在制造业领域、在全球贸易领域中综合优势的体现。 一方面，中国现在是全球最大的贸易大国，也是全球最大的制造业大国，中国在全球制造业中心的地位进一步凸显。比如在全球504个工业产品当中， 我国几乎有绝大部分都居于世界前列或 ...

分红方面，时代新材A股上市后累计派现11.71亿元。近三年，累计派现5.07亿元。 机构持仓方面，截止2025年9月30日，时代新材十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股867.37万股，为新进股东。 责任编辑：小浪快报 资料显示，株洲时代新材料科技股份有限公司位于湖南省株洲市天元区黑龙江路639号，成立日期1994 年5月24日，上市日期2002年12月19日，公司主营业务涉及高分子材料的研究及工程化推广应用为核心, 致力于从事轨道交通、风力发电、汽车、高性能高分子材料等产业领域系列产品的研制、生产与销售。 主营业务收入构成为：风电产品分部42.25%，汽车产品分部37.16%，轨道交通分部11.92%，工业与工 程分部9.14%，未分配项目3.62%。 时代新材所属申万行业为：机械设备-轨交设备Ⅱ-轨交设备Ⅲ。所属概念板块包括：高铁、汽车零部 件、低空经济、铁路基建、轨道交通等。 截至9月30日，时代新材股东户数4.18万，较上期增加33.69%；人均流通股19353股，较上期减少 25.14%。2025年1月-9月，时代新材实现营业收入149.49亿元，同比增长14.42%；归母 ...

Core Viewpoint - The stock of Times New Material has shown fluctuations in recent trading days, with a current market capitalization of 12.198 billion yuan and a year-to-date price increase of 4.60% [1] Company Overview - Times New Material, established on May 24, 1994, and listed on December 19, 2002, is located in Zhuzhou, Hunan Province. The company focuses on the research and engineering application of polymer materials, serving industries such as rail transit, wind power generation, automotive, and high-performance polymer materials [1] - The company's revenue composition includes: wind power products (42.25%), automotive products (37.16%), rail transit (11.92%), industrial and engineering (9.14%), and unallocated projects (3.62%) [1] Financial Performance - For the period from January to September 2025, Times New Material achieved operating revenue of 14.949 billion yuan, representing a year-on-year growth of 14.42%. The net profit attributable to the parent company was 428 million yuan, with a year-on-year increase of 40.52% [2] - The company has distributed a total of 1.171 billion yuan in dividends since its A-share listing, with 507 million yuan distributed in the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders of Times New Material reached 41,800, an increase of 33.69% from the previous period. The average circulating shares per person decreased by 25.14% to 19,353 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 8.6737 million shares as a new shareholder [3]

Core Viewpoint - The stock price of Times New Material has experienced fluctuations, with a current price of 14.06 CNY per share, reflecting a year-to-date increase of 12.26% but a recent decline over the past five and twenty trading days [1] Company Overview - Times New Material, established on May 24, 1994, and listed on December 19, 2002, is based in Zhuzhou, Hunan Province. The company focuses on the research and engineering application of polymer materials, serving industries such as rail transit, wind power generation, automotive, and high-performance polymer materials [1] - The revenue composition of the company includes: Wind power products 42.25%, Automotive products 37.16%, Rail transit 11.92%, Industrial and engineering 9.14%, and Unallocated projects 3.62% [1] Financial Performance - For the period from January to September 2025, Times New Material achieved operating revenue of 14.949 billion CNY, representing a year-on-year growth of 14.42%. The net profit attributable to the parent company was 428 million CNY, showing a significant increase of 40.52% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 1.171 billion CNY, with 507 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Times New Material reached 41,800, an increase of 33.69% from the previous period. The average circulating shares per person decreased by 25.14% to 19,353 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 8.6737 million shares as a new shareholder [3]

Core Viewpoint - The stock of Times New Materials has experienced fluctuations, with a recent decline of 2.34% and a year-to-date increase of 9.87%, indicating volatility in its market performance [1]. Company Overview - Times New Materials, established on May 24, 1994, and listed on December 19, 2002, is located in Zhuzhou, Hunan Province. The company focuses on the research and engineering application of polymer materials, serving industries such as rail transportation, wind power generation, and automotive [1]. - The revenue composition of the company includes: wind power products (42.25%), automotive products (37.16%), rail transportation (11.92%), industrial and engineering (9.14%), and unallocated projects (3.62%) [1]. Financial Performance - For the period from January to September 2025, Times New Materials reported a revenue of 14.949 billion yuan, reflecting a year-on-year growth of 14.42%. The net profit attributable to shareholders was 428 million yuan, showing a significant increase of 40.52% compared to the previous year [2]. - Cumulatively, the company has distributed 1.171 billion yuan in dividends since its A-share listing, with 507 million yuan distributed over the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Times New Materials reached 41,800, an increase of 33.69% from the previous period. The average number of circulating shares per shareholder decreased by 25.14% to 19,353 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 8.6737 million shares as a new shareholder [3].

Core Points - The stock price of Times New Materials dropped by 2.05% on October 28, reaching 14.30 CNY per share, with a total market capitalization of 13.316 billion CNY [1] - The company has seen a year-to-date stock price increase of 14.18%, but a slight decline of 0.21% over the last five trading days and a 2.46% drop over the last 20 days [1] - Times New Materials reported a revenue of 9.256 billion CNY for the first half of 2025, representing a year-on-year growth of 6.87%, and a net profit of 303 million CNY, up 36.66% [2] Company Overview - Times New Materials, established on May 24, 1994, and listed on December 19, 2002, is based in Zhuzhou, Hunan Province, focusing on the research and application of polymer materials [1] - The company's main business segments include wind power products (42.25% of revenue), automotive products (37.16%), rail transit (11.92%), and industrial engineering (9.14%) [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 31,300, with an average of 25,853 circulating shares per person, a decrease of 1.98% from the previous period [2] - The company has distributed a total of 1.171 billion CNY in dividends since its A-share listing, with 507 million CNY distributed over the last three years [3]

Group 1 - The core viewpoint of the news is that Times New Material has shown a positive stock performance with a year-to-date increase of 16.90% and a recent rise of 2.02% in intraday trading, reflecting investor interest and market activity [1][2] - As of October 27, the stock price reached 14.64 yuan per share, with a total market capitalization of 13.632 billion yuan and a trading volume of 1.20 billion yuan [1] - The company's main business segments include wind power products (42.25% of revenue), automotive products (37.16%), rail transit (11.92%), and industrial and engineering (9.14%) [1] Group 2 - For the first half of 2025, Times New Material reported a revenue of 9.256 billion yuan, representing a year-on-year growth of 6.87%, and a net profit attributable to shareholders of 303 million yuan, which is a 36.66% increase [2] - The company has distributed a total of 1.171 billion yuan in dividends since its A-share listing, with 507 million yuan distributed over the past three years [3] - As of June 30, 2025, the number of shareholders increased to 31,300, with an average of 25,853 circulating shares per shareholder, indicating a slight decrease of 1.98% [2]