资料显示，绍兴兴欣新材料股份有限公司位于浙江省杭州湾上虞经济技术开发区拓展路2号，成立日期 2002年6月27日，上市日期2023年12月21日，公司主营业务涉及从事有机胺类精细化学品的研发、生产 和销售。主营业务收入构成为：哌嗪系列产品81.21%，酰胺系列产品11.42%，其他7.37%。 截至10月20日，兴欣新材股东户数7908.00，较上期减少6.11%；人均流通股6446股，较上期增加 6.51%。2025年1月-6月，兴欣新材实现营业收入2.18亿元，同比增长0.02%；归母净利润3364.40万元， 同比减少21.72%。 10月24日，兴欣新材涨0.34%，成交额3786.10万元。两融数据显示，当日兴欣新材获融资买入额459.45 万元，融资偿还618.65万元，融资净买入-159.20万元。截至10月24日，兴欣新材融资融券余额合计 9188.12万元。 融资方面，兴欣新材当日融资买入459.45万元。当前融资余额9188.12万元，占流通市值的4.54%，融资 余额超过近一年90%分位水平，处于高位。 融券方面，兴欣新材10月24日融券偿还0.00股，融券卖出0.00股，按当日收盘价计 ...

Group 1 - The core viewpoint of the news is that Xingxin New Materials experienced a slight decline in stock price and notable trading activity, indicating a high level of financing and margin trading activity [1] - On September 18, Xingxin New Materials' stock price fell by 0.93%, with a trading volume of 82.91 million yuan [1] - The financing buy-in amount for Xingxin New Materials on the same day was 15.06 million yuan, while the financing repayment was 11.07 million yuan, resulting in a net financing buy of 3.99 million yuan [1] Group 2 - As of September 18, the total balance of margin trading for Xingxin New Materials was 80.14 million yuan, accounting for 4.02% of its market capitalization [1] - The financing balance is above the 90th percentile level over the past year, indicating a high level of financing activity [1] - On the same day, there were no shares sold or repaid in the securities lending market, with a lending balance of 0.00 yuan, also indicating a high percentile level over the past year [1] Group 3 - As of September 10, the number of shareholders for Xingxin New Materials was 10,000, a decrease of 12.03% from the previous period [2] - The average number of circulating shares per person increased by 13.68% to 5,081 shares [2] - For the first half of 2025, Xingxin New Materials reported a revenue of 218 million yuan, a slight increase of 0.02% year-on-year, while the net profit attributable to shareholders decreased by 21.72% to 33.64 million yuan [2] Group 4 - Since its A-share listing, Xingxin New Materials has distributed a total of 166 million yuan in dividends [2]

Group 1 - On September 17, Xingxin New Materials experienced a decline of 2.49% with a trading volume of 74.68 million yuan [1] - The financing data on the same day showed a financing purchase amount of 11.56 million yuan and a net financing purchase of 2.77 million yuan, with a total financing and securities balance of 76.15 million yuan [1] - The current financing balance of Xingxin New Materials accounts for 3.79% of its circulating market value, indicating a high level compared to the 90th percentile over the past year [1] Group 2 - As of August 29, the number of shareholders for Xingxin New Materials increased by 22.23% to 11,400, while the average circulating shares per person decreased by 18.19% to 4,470 shares [2] - For the first half of 2025, Xingxin New Materials reported a revenue of 218 million yuan, reflecting a year-on-year growth of 0.02%, while the net profit attributable to the parent company was 33.64 million yuan, a decrease of 21.72% year-on-year [2] - Since its A-share listing, Xingxin New Materials has distributed a total of 166 million yuan in dividends [2]

Group 1 - The core viewpoint of the news is that Xingxin New Materials experienced a decline in stock price and trading volume, with significant changes in financing and shareholder structure [1][2] - On September 12, Xingxin New Materials' stock fell by 1.27%, with a trading volume of 109 million yuan, and a net financing outflow of 3.14 million yuan [1] - As of September 12, the total financing and securities lending balance for Xingxin New Materials was 84.89 million yuan, which is 4.14% of its circulating market value, indicating a high level of financing [1] Group 2 - As of August 29, the number of shareholders for Xingxin New Materials increased to 11,400, a rise of 22.23%, while the average circulating shares per person decreased by 18.19% to 4,470 shares [2] - For the first half of 2025, Xingxin New Materials reported a revenue of 218 million yuan, a slight increase of 0.02% year-on-year, but the net profit attributable to shareholders decreased by 21.72% to 33.64 million yuan [2] - Since its A-share listing, Xingxin New Materials has distributed a total of 166 million yuan in dividends [2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has established long-term stable partnerships with globally recognized suppliers and downstream customers, which is expected to further strengthen its competitive advantage [7][8] - The decline in the selling prices of the company's main products has led to a year-on-year decrease in profits [5] - The company has slightly revised down its profit forecast for 2025-2027, predicting net profits of 1.03 billion, 1.12 billion, and 1.26 billion respectively, with corresponding PE ratios of 31.0, 28.7, and 25.4 times [9] Financial Performance - In the first half of 2025, the company achieved operating revenue of 218 million, a year-on-year increase of 0.02%, and a net profit attributable to shareholders of 34 million, a year-on-year decrease of 21.72% [4] - The revenue from the piperazine series products in the first half of 2025 was 177 million, a year-on-year decrease of 7.56%, while the revenue from the amide series products increased by 82.73% to 25 million [5] - The financial expense ratio increased due to reduced interest income from structured deposits [6] Profit Forecast - The company forecasts operating revenues of 457 million, 502 million, and 579 million for 2025, 2026, and 2027 respectively, with growth rates of -2.4%, 9.7%, and 15.4% [11] - The net profit attributable to shareholders is expected to grow at rates of 27.4%, 8.1%, and 12.7% for the same years [11]

绍兴兴欣新材料股份有限公司 （住所：浙江省杭州湾上虞经济技术开发区拓展路 2 号） 首次公开发行股票并在主板上市 招股说明书 （注册稿） 声明：本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序，本招股说 明书（注册稿）不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正 式公告的招股说明书作为投资决定的依据。 保荐人（主承销商） （住所：江西省南昌市新建区子实路 1589 号） 绍兴兴欣新材料股份有限公司 招股说明书（注册稿） 重要声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担 股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-1 绍兴兴欣新材料股份有限公司 招股说明书（注册稿） | 发行股票类型 | 人民币普通股（A ...