持续巩固核心优势 12月16日，记者从江西志特新材（300986）料股份有限公司（以下简称"志特新材"）获悉，日前公司与 中国能建（601868）西南区域总部在成都正式签署战略合作框架协议。通过本次合作，双方将进一步整 合各自在技术、市场、资源等方面的优势，围绕国家重大项目建设、绿色低碳转型及国际业务拓展等方 面开展全方位、深层次合作。 上述合作表明，当前建筑模架、装配式建筑的应用场景不断拓宽，已从传统建筑延伸至桥梁、隧道、管 廊、轨道交通、水利工程、低空经济基础设施、新能源场站等新兴基建领域，以其标准化设计、快速施 工和绿色低碳的显著优势，为各类新兴基础设施提供了高效、可靠且可持续发展的工程解决方案。 积极拓展海外市场 当前，面对国内市场竞争加剧的局面，出海已成为众多企业寻求增长的重要战略。行业头部企业通过建 立海外生产基地、注册国际商标、参与国际技术交流等方式，致力于打造全球竞争力，推动中国绿色新 型建筑技术、产品和服务在世界范围内的应用与认可。 志特新材海外业务主要围绕"产品深耕+区域拓展"双维度发力，其中产品层面，公司以"1+N"多元化产 品及服务战略为核心，在稳固铝合金模板业务基本盘的同时，重点发力 ...

Financial Performance - The company achieved a revenue of 2.023 billion CNY in the first three quarters of 2025, representing a year-on-year growth of 12.09% [2] - Net profit attributable to shareholders reached 118 million CNY, a significant increase of 98.65% year-on-year [2] - The net profit after deducting non-recurring items was 93.45 million CNY, up 181.98% compared to the previous year [2] - The net cash flow from operating activities surged to 140 million CNY, marking a staggering increase of 7907% year-on-year [2] Overseas Business Expansion - The company's overseas business model is replicable, balancing "standardized frameworks" with "localized execution" [2] - Future overseas efforts will focus on "product deepening + regional expansion," emphasizing a diversified product strategy [3] - Southeast Asia remains a core market, with expansion into emerging countries like the Philippines and Cambodia [3] - The Middle East, particularly Saudi Arabia, is identified as a strategic breakthrough market, with gradual efforts in Africa, South America, and Australia [3] Domestic Industry Landscape - The domestic aluminum formwork industry is undergoing deep adjustment and structural optimization [4] - The market is experiencing a clearing phase, with inefficient capacities exiting and leading companies pursuing strategic transformations [4] - Industry associations are advocating for a healthy competitive order to promote a positive industry ecosystem [4] Cash Flow Management - The significant increase in cash flow is attributed to enhanced internal receivables management [5] - The company has optimized its global business layout, maintaining revenue growth in overseas operations [5] - Adjustments in customer structure and proactive management of payment terms have improved cash recovery capabilities [5] - Government debt relief policies have positively impacted the financial status of major clients, aiding in faster receivables recovery [5]

Core Viewpoint - ZhiTe New Materials reported significant growth in revenue and net profit for the first half of 2025, indicating strong business performance despite recent stock price decline [1] Financial Performance - For the first half of 2025, ZhiTe New Materials achieved operating revenue of 1,293.28 million yuan, representing a year-on-year increase of 14.02% [1] - The net profit attributable to shareholders surged to 76.20 million yuan, marking a remarkable increase of 906.32% year-on-year [1] - The company's overseas business revenue reached 30.72 million yuan, reflecting a growth of 27.31% compared to the previous year [1] Stock Performance - As of August 27, 2025, ZhiTe New Materials' stock price was 13.51 yuan, down 0.75 yuan or 5.26% from the previous trading day's closing price [1] - The stock opened at 15.01 yuan, with a high of 15.25 yuan and a low of 13.32 yuan, with a trading volume of 491,345 hands and a transaction amount of 699 million yuan [1] - On August 27, the company experienced a net outflow of main funds amounting to 165.96 million yuan, accounting for 2.98% of the circulating market value [1] - Over the past five days, the net outflow of main funds totaled 183.90 million yuan, representing 3.31% of the circulating market value [1] Company Overview - ZhiTe New Materials is primarily engaged in the research, development, production, and sales of aluminum alloy templates, which are widely used in the construction industry [1] - The company is associated with various concept sectors, including decoration and renovation, Jiangxi sector, new urbanization, artificial intelligence, and the Growth Enterprise Market [1]

Group 1: Financial Performance - In the first half of 2025, the company's revenue reached 1,293.28 million CNY, a year-on-year increase of 14.02% [2] - The net profit attributable to shareholders was 76.20 million CNY, a significant increase of 906.32% year-on-year [2] - The net cash flow from operating activities was 99.92 million CNY, up 167.08% year-on-year [2] - The overseas business generated 307.18 million CNY in revenue, growing by 27.31% year-on-year, serving as a key driver for overall performance [2] Group 2: Strategic Development - The company is implementing a "1+N" diversification strategy, focusing on the core aluminum alloy template business while developing new products in prefabricated and modular construction [2][3] - New business segments have begun to generate revenue in the millions, with ongoing expansion into public infrastructure projects [3] Group 3: Market Position and Competition - The aluminum template industry is undergoing a consolidation phase, with smaller companies exiting the market and leading firms enhancing their competitive advantages [4] - The company's aluminum template business achieved revenue of 718 million CNY, a year-on-year increase of 9.22%, with a gross margin of 36.40%, up 8.06 percentage points [4] Group 4: Cash Flow Management - Improved cash flow is attributed to effective management of accounts receivable, including adjustments in client selection and increased prepayment requirements [5] - The growth of overseas business, which generally has better payment conditions, has positively impacted overall cash flow [5] Group 5: Currency Risk Management - The company has implemented effective management strategies for currency fluctuation risks, utilizing local currency settlements in certain regions and employing forward foreign exchange contracts [6] Group 6: New Product Development - The new insulation material is currently in the market promotion phase, with positive feedback on its performance and cost competitiveness [7][8] - The company plans to enhance the product's overall stability and appearance while increasing market promotion efforts [8]