11月27日，时代新材盘中上涨2.02%，截至10:19，报13.10元/股，成交3930.53万元，换手率0.37%，总 市值121.98亿元。 资金流向方面，主力资金净流入510.12万元，大单买入1043.91万元，占比26.56%，卖出533.79万元，占 比13.58%。 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、低空经济、 铁路基建、汽车零部件、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%；归母净利润4.28亿元， 同比增长40.52%。 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 时代新材今年以来股价涨4.60%，近5个交易日跌1.28%，近20日跌8.84%，近60日跌7.94%。 资料显示 ...

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]

Core Viewpoint - The stock of Times New Material has shown a mixed performance in recent trading sessions, with a year-to-date increase of 14.98% and a slight decline over the past five and twenty trading days [1][2]. 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 transportation, wind power generation, and automotive [1]. - The company's revenue composition 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 first half of 2025, Times New Material reported a revenue of 9.256 billion yuan, representing a year-on-year growth of 6.87%. The net profit attributable to shareholders was 303 million yuan, marking a significant increase of 36.66% [2]. - Since its A-share listing, the company has distributed a total of 1.171 billion yuan in dividends, with 507 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Times New Material was 31,300, an increase of 2.82% from the previous period. The average circulating shares per person decreased by 1.98% to 25,853 shares [2]. - Notably, Hong Kong Central Clearing Limited and Bosera Theme Industry Mixed Fund (160505) have exited the list of the top ten circulating shareholders [3].

Core Insights - The Qingdao Rail Transit Industry Demonstration Zone has achieved a counter-cyclical growth in foreign trade, with total imports and exports reaching 6.4 billion yuan, a growth rate of approximately 13%, contributing to steady regional economic development [1] Group 1: Industry Development - The core enterprises play a pivotal role in driving industry growth, with the formulation of a special investment promotion plan aimed at increasing local supply chain participation [1] - The leading companies, CRRC Sifang Co., Ltd. and Qingdao Metro Group, are being leveraged to enhance the supply chain by identifying quality suppliers outside Qingdao [1] - A government-enterprise joint investment promotion team has been established to explore investment intentions and needs, focusing on strengthening, supplementing, and extending the supply chain [1] Group 2: Project Support - A comprehensive service mechanism for investment projects has been developed to optimize the business environment, covering all procedural aspects from registration to completion [1] - The service includes personalized support for enterprises, ensuring that policy benefits are delivered accurately and efficiently [1] Group 3: E-commerce Empowerment - A special service team has been formed to provide end-to-end support for cross-border e-commerce, including registration, policy alignment, and market expansion [2] - The initiative has successfully assisted three companies in quickly processing landing procedures to facilitate their foreign trade operations [2]

Company Overview - Zhuzhou Times New Material Technology Co., Ltd. is located in Hunan Province, China, and was established on May 24, 1994. The company was listed on December 19, 2002. Its main business involves the research and engineering application of polymer materials, focusing on products for rail transit, wind power generation, automotive, and high-performance polymer materials [1][2]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 9.256 billion yuan, representing a year-on-year growth of 6.87%. The net profit attributable to the parent company was 303 million yuan, with a year-on-year increase of 36.66% [2]. - Since its A-share listing, the company has distributed a total of 1.106 billion yuan in dividends, with 442 million yuan distributed over the past three years [3]. Stock Performance - As of September 18, the stock price of Times New Material increased by 2.06%, reaching 15.36 yuan per share, with a trading volume of 101 million yuan and a turnover rate of 0.83%. The total market capitalization is 14.303 billion yuan [1]. - Year-to-date, the stock price has risen by 21.96%, with a 2.20% increase over the last five trading days, a 3.36% increase over the last 20 days, and a 15.06% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders is 31,300, an increase of 2.82% from the previous period. The average number of circulating shares per person is 25,853, which has decreased by 1.98% [2]. - Notably, Hong Kong Central Clearing Limited and Bosera Theme Industry Mixed Fund (160505) have exited the list of the top ten circulating shareholders [3]. Business Segmentation - The revenue composition of the company's main business includes: wind power generation (40.63%), automotive products (35.18%), rail transit (11.67%), industrial and engineering (9.51%), new materials and others (2.38%), and other supplementary sources (0.63%) [1]. Industry Classification - Times New Material is classified under the Shenwan industry as part of the mechanical equipment sector, specifically in rail transit equipment [2]. The company is also associated with concepts such as offshore wind power, wind energy, new materials, and magnetic levitation [2].

Core Viewpoint - The company reported a strong financial performance for the first half of 2025, with significant growth in revenue and net profit, indicating a positive outlook for its business segments and potential investment opportunities [1][4]. Financial Performance - Total operating revenue for the first half of 2025 reached 9.256 billion, a year-on-year increase of 6.87% [1] - Total profit amounted to 405 million, reflecting a year-on-year growth of 37.01% [1] - Net profit attributable to shareholders was 303 million, up 36.66% year-on-year [1] - The second quarter of 2025 saw operating revenue of 5.098 billion, a 14.41% increase year-on-year [1] - Net profit for Q2 2025 was 152 million, showing a year-on-year growth of 48.86% [1] Business Segments - The new materials and other segments achieved sales revenue of 250 million, a remarkable year-on-year increase of 116.71% [2] - Wind power blade segment generated sales revenue of 3.911 billion, with a year-on-year growth of 39.38%, maintaining a leading position in the domestic market [3] - The automotive parts segment reported sales revenue of 3.393 billion, with the new materials segment in Germany achieving profitability for the first time since its establishment [3] - The rail transit segment generated sales revenue of 959 million, with new orders exceeding 1.26 billion, marking a new high [3] Market Expansion and Strategy - The company is focusing on high-end polyurethane automotive vibration reduction products and has established close cooperation with several well-known domestic enterprises in the low-altitude field [2] - The company is expanding its overseas market presence, with a significant increase in overseas revenue by 300% through collaboration with Nordex [3] - The establishment of a subsidiary in Vietnam is expected to commence production in the first half of 2026 [3] Investment Outlook - The company is expected to see continued growth in its core business areas, particularly in wind power, automotive parts, and rail transit, with new materials business anticipated to contribute significantly to profit growth [4] - Projected net profits for 2025-2027 are estimated at 760 million, 897 million, and 1.087 billion respectively, with corresponding EPS of 0.82, 0.96, and 1.17 [4] - The company is rated as "strong buy" with a target price of 19.2 per share based on a PE valuation method [4]

Company Overview - Zhuzhou Times New Material Technology Co., Ltd. is located in Hunan Province, established on May 24, 1994, and listed on December 19, 2002. The company focuses on the research and engineering application of polymer materials, primarily serving industries such as rail transit, wind power generation, automotive, and high-performance polymer materials [1][2]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 9.256 billion yuan, representing a year-on-year growth of 6.87%. The net profit attributable to shareholders was 303 million yuan, showing a significant increase of 36.66% [2]. - Since its A-share listing, the company has distributed a total of 1.106 billion yuan in dividends, with 442 million yuan distributed over the past three years [3]. Stock Performance - As of September 15, the company's stock price decreased by 2.01%, trading at 14.65 yuan per share, with a total market capitalization of 13.642 billion yuan. The stock has seen a year-to-date increase of 16.33%, but a decline of 3.43% over the last five trading days [1]. - The stock's trading volume on September 15 was 150 million yuan, with a turnover rate of 1.25%. The net outflow of main funds was 512,500 yuan, while large orders accounted for 21.36% of purchases and 18.79% of sales [1]. Business Segmentation - The company's main business revenue composition is as follows: wind power generation (40.63%), automotive products (35.18%), rail transit (11.67%), industrial and engineering (9.51%), new materials and others (2.38%), and other supplementary sources (0.63%) [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]. - Notably, Hong Kong Central Clearing Limited and Bosera Theme Industry Mixed Fund (160505) have exited the top ten circulating shareholders [3]. Industry Classification - The company belongs to the machinery equipment sector, specifically in the rail transit equipment sub-sector, and is associated with concepts such as offshore wind power, wind energy, high-speed rail, new materials, and mid-cap stocks [2].