11月18日，三祥新材盘中下跌2.07%，截至09:43，报35.04元/股，成交1.15亿元，换手率0.76%，总市值 148.32亿元。 资金流向方面，主力资金净流出970.40万元，特大单买入187.90万元，占比1.64%，卖出722.72万元，占 比6.30%；大单买入1904.23万元，占比16.60%，卖出2339.81万元，占比20.39%。 （011704）位居第八大流通股东，持股320.86万股，为新进股东。香港中央结算有限公司退出十大流通 股东之列。 责任编辑：小浪快报 三祥新材今年以来股价涨120.72%，近5个交易日跌6.51%，近20日涨39.49%，近60日涨31.33%。 今年以来三祥新材已经3次登上龙虎榜，最近一次登上龙虎榜为11月11日。 资料显示，三祥新材股份有限公司位于福建省寿宁县解放街292号，成立日期1991年8月24日，上市日期 2016年8月1日，公司主营业务涉及锆系、铸改等工业新材料的研发、生产和销售。主营业务收入构成 为：锆系列产品84.25%，铸改新材料11.16%，其他(补充)2.52%，其他产品2.07%。 三祥新材所属申万行业为：基础化工-化学原料- ...

截至发稿，韩浩累计任职时间7年338天，现任基金资产总规模155.89亿元，任职期间最佳基金回报 205.01%， 任职期间最差基金回报-18.95%。 从基金十大重仓股角度 数据显示，中航基金旗下1只基金重仓三祥新材。中航新起航灵活配置混合A（005537）三季度增持 354.35万股，持有股数504.94万股，占基金净值比例为6.99%，位居第九大重仓股。根据测算，今日浮 亏损失约994.73万元。 数据显示，中航基金旗下1只基金位居三祥新材十大流通股东。中航新起航灵活配置混合A（005537） 三季度新进十大流通股东，持有股数504.94万股，占流通股的比例为1.19%。根据测算，今日浮亏损失 约994.73万元。 中航新起航灵活配置混合A（005537）成立日期2018年4月23日，最新规模1.2亿。今年以来收益 76.71%，同类排名226/8140；近一年收益59.49%，同类排名345/8056；成立以来亏损14.42%。 中航新起航灵活配置混合A（005537）基金经理为韩浩。 11月14日，三祥新材跌5.08%，截至发稿，报36.83元/股，成交5.02亿元，换手率3.16%，总市值155. ...

11月11日，三祥新材盘中上涨2.17%，截至09:35，报34.81元/股，成交2.17亿元，换手率1.47%，总市值 147.35亿元。 机构持仓方面，截止2025年9月30日，三祥新材十大流通股东中，中航新起航灵活配置混合A （005537）位居第七大流通股东，持股504.94万股，为新进股东。东方阿尔法产业先锋混合A （011704）位居第八大流通股东，持股320.86万股，为新进股东。香港中央结算有限公司退出十大流通 股东之列。 责任编辑：小浪快报 资料显示，三祥新材股份有限公司位于福建省寿宁县解放街292号，成立日期1991年8月24日，上市日期 2016年8月1日，公司主营业务涉及锆系、铸改等工业新材料的研发、生产和销售。主营业务收入构成 为：锆系列产品84.25%，铸改新材料11.16%，其他(补充)2.52%，其他产品2.07%。 三祥新材所属申万行业为：基础化工-化学原料-无机盐。所属概念板块包括：中盘、固态电池、宁德时 代概念、汽车轻量化、口腔医疗等。 截至9月30日，三祥新材股东户数3.37万，较上期增加2.81%；人均流通股12539股，较上期减少2.74%。 2025年1月-9月， ...

Group 1 - The core point of the article highlights the recent performance of Sanxiang New Materials, with a stock price increase of 5.11% to 29.62 CNY per share, a trading volume of 420 million CNY, and a total market capitalization of 12.538 billion CNY [1] - Sanxiang New Materials, established on August 24, 1991, and listed on August 1, 2016, specializes in the research, production, and sales of industrial new materials, primarily zirconium series products (84.25% of revenue), casting modification materials (11.16%), and other products [1] Group 2 - From the perspective of major circulating shareholders, a fund under AVIC Fund ranks among the top shareholders of Sanxiang New Materials, with the AVIC New Start Flexible Allocation Mixed A Fund (005537) newly entering the top ten circulating shareholders in Q3, holding 5.0494 million shares, accounting for 1.19% of circulating shares [2] - The AVIC New Start Flexible Allocation Mixed A Fund has achieved a year-to-date return of 73.92%, ranking 237 out of 8149 in its category, and a one-year return of 59.74%, ranking 364 out of 8053 [2] Group 3 - The fund manager of AVIC New Start Flexible Allocation Mixed A Fund is Han Hao, who has been in the position for 7 years and 330 days, with the fund's total asset size at 15.589 billion CNY and a best return of 201.09% during his tenure [3] Group 4 - The AVIC New Start Flexible Allocation Mixed A Fund increased its holdings in Sanxiang New Materials by 3.5435 million shares in Q3, bringing its total to 5.0494 million shares, which represents 6.99% of the fund's net value, making it the ninth largest holding [4]

Core Viewpoint - Sanxiang New Materials is a significant player in the zirconium-based industrial materials sector in China, with a strong market share in sponge zirconium and a focus on emerging application scenarios, showcasing notable technological and market advantages [1] Group 1: Business Performance - In Q3 2025, Sanxiang New Materials reported revenue of 858 million yuan, ranking 8th among 10 companies in the industry, with the top company, Zhongyan Chemical, achieving 8.773 billion yuan [2] - The revenue breakdown shows that zirconium series products generated 474 million yuan, accounting for 84.25% of total revenue, while casting modification materials contributed 62.7 million yuan (11.16%) [2] - The net profit for the same period was 77.33 million yuan, placing the company 7th in the industry, with the leading company, Su Yan Jingshen, reporting a net profit of 417 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 34.65%, higher than the industry average of 31.20% [3] - The gross profit margin for Q3 2025 was 24.29%, which, despite being lower than the previous year's 26.50%, remains above the industry average of 23.23% [3] Group 3: Management Compensation - The chairman, Xia Peng, received a salary of 800,100 yuan in 2024, an increase of 164,000 yuan from the previous year [4] - The general manager, Xia Ruiqi, saw his salary rise from 425,000 yuan in 2023 to 521,500 yuan in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.81% to 33,700, while the average number of shares held per shareholder decreased by 2.74% to 12,500 shares [5] - Notable changes in the top ten circulating shareholders include new entries from two funds, while Hong Kong Central Clearing Limited exited the list [5] Group 5: Market Position and Future Outlook - Sanxiang New Materials holds a market share of over 50% in sponge zirconium, with sales of nearly 1,400 tons in the first half of 2025, and is exploring new applications such as zirconium-based amorphous alloys for foldable screen hinges [6] - The company is also developing zirconium solid electrolyte projects, with small batch supplies of zirconium chloride to solid-state battery factories [6] - The industrialization of zirconium-hafnium separation technology commenced on August 1, 2025, which is expected to contribute significantly to future earnings [6] - Forecasts suggest that the company will achieve net profits of 140 million, 300 million, and 425 million yuan for 2025, 2026, and 2027, respectively, with corresponding EPS of 0.33, 0.71, and 1.00 yuan [6]

Core Viewpoint - The stock price of Sanxiang New Materials has experienced fluctuations, with a year-to-date increase of 66.93% but a recent decline of 7.31% over the past five trading days [2]. Group 1: Stock Performance - As of October 16, Sanxiang New Materials' stock price was 26.50 CNY per share, with a market capitalization of 11.217 billion CNY [1]. - The stock has seen a net outflow of 200.44 thousand CNY in principal funds, with significant buying and selling activities recorded [1]. - Year-to-date, the stock has been on the龙虎榜 (top trading list) twice, with the most recent instance on March 4, where it recorded a net buy of -446.88 thousand CNY [2]. Group 2: Financial Performance - For the first half of 2025, Sanxiang New Materials reported a revenue of 562 million CNY, a year-on-year decrease of 7.35%, and a net profit attributable to shareholders of 44.91 million CNY, down 28.45% year-on-year [2]. - The company has distributed a total of 208 million CNY in dividends since its A-share listing, with 93.76 million CNY distributed over the past three years [3]. Group 3: Company Overview - Sanxiang New Materials, established on August 24, 1991, and listed on August 1, 2016, specializes in the research, production, and sales of zirconium-based and casting modification industrial new materials [2]. - The company's revenue composition includes 84.25% from zirconium series products, 11.16% from casting modification materials, and 2.52% from other products [2]. - As of June 30, 2025, the number of shareholders was 32,800, a decrease of 7.12% from the previous period [2].

Company Overview - Sanxiang New Materials Co., Ltd. is located at 292 Jiefang Street, Shouning County, Fujian Province, established on August 24, 1991, and listed on August 1, 2016 [1] - The company's main business involves the research, production, and sales of zirconium-based and casting modification industrial new materials [1] - Revenue composition: zirconium series products account for 84.25%, casting modification new materials 11.16%, other supplementary products 2.52%, and other products 2.07% [1] Stock Performance - On September 29, Sanxiang New Materials' stock rose by 5.53%, reaching a price of 28.45 CNY per share, with a trading volume of 302 million CNY and a turnover rate of 2.60%, resulting in a total market capitalization of 12.043 billion CNY [1] Fund Holdings - Taiping Fund has one fund heavily invested in Sanxiang New Materials, specifically Taiping Ruiying Mixed A (006973), which held 70,800 shares in the second quarter, representing 0.86% of the fund's net value, making it the second-largest holding [2] - The estimated floating profit for the fund today is approximately 105,500 CNY [2] Fund Performance - Taiping Ruiying Mixed A (006973) was established on March 25, 2019, with a current size of 171 million CNY [2] - Year-to-date return is 8.36%, ranking 6064 out of 8244 in its category; the one-year return is 21.24%, ranking 5203 out of 8080; and since inception, the return is 42.02% [2] Fund Management - The fund manager, Shi Yanggang, has a cumulative tenure of 13 years and 324 days, managing assets totaling 7.714 billion CNY, with the best fund return during his tenure being 85.31% and the worst being -1.9% [3] - Co-manager, Zhao Chuang, has a tenure of 1 year and 263 days, managing assets of 217 million CNY, with the best return of 2.84% and the worst of 1.91% during his tenure [3]

Company Overview - Sanxiang New Materials Co., Ltd. is located at 292 Jiefang Street, Shouning County, Fujian Province, established on August 24, 1991, and listed on August 1, 2016. The company specializes in the research, production, and sales of zirconium-based and casting modification industrial new materials [1][2] - The main revenue composition includes zirconium series products (84.25%), casting modification new materials (11.16%), and other products (4.59%) [1] Stock Performance - As of September 19, the stock price of Sanxiang New Materials increased by 2.05%, reaching 28.93 CNY per share, with a total market capitalization of 12.246 billion CNY [1] - Year-to-date, the stock price has risen by 82.24%, with a recent decline of 2.33% over the last five trading days, a 6.05% increase over the last 20 days, and a 10.44% increase over the last 60 days [1] Financial Performance - For the first half of 2025, Sanxiang New Materials reported a revenue of 562 million CNY, a year-on-year decrease of 7.35%, and a net profit attributable to shareholders of 44.91 million CNY, down 28.45% year-on-year [2] - The company has distributed a total of 208 million CNY in dividends since its A-share listing, with 93.76 million CNY distributed over the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders for Sanxiang New Materials was 32,800, a decrease of 7.12% from the previous period, with an average of 12,892 circulating shares per shareholder, an increase of 7.67% [2] - The ninth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 1.798 million shares, an increase of 221,700 shares from the previous period [3] Market Activity - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on March 4, where it recorded a net buy of -4.4688 million CNY [1]

Company Overview - Sanxiang New Materials Co., Ltd. is located at 292 Jiefang Street, Shouning County, Fujian Province, established on August 24, 1991, and listed on August 1, 2016 [1] - The company's main business involves the research, production, and sales of zirconium-based and casting modification industrial new materials [1] - Revenue composition includes zirconium series products (84.25%), casting modification new materials (11.16%), and other products (4.59%) [1] Financial Performance - For the first half of 2025, Sanxiang New Materials achieved operating revenue of 562 million yuan, a year-on-year decrease of 7.35%, and a net profit attributable to shareholders of 44.91 million yuan, down 28.45% year-on-year [2] - The company has distributed a total of 208 million yuan in dividends since its A-share listing, with 93.76 million yuan distributed over the past three years [3] Stock Market Activity - As of September 18, the stock price of Sanxiang New Materials was 28.45 yuan per share, with a market capitalization of 12.043 billion yuan [1] - The stock has increased by 79.21% year-to-date, but has seen a decline of 4.53% over the last five trading days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on March 4, where it recorded a net buy of -4.4688 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders was 32,800, a decrease of 7.12% from the previous period, with an average of 12,892 circulating shares per person, an increase of 7.67% [2] - Hong Kong Central Clearing Limited is the ninth largest circulating shareholder, holding 1.798 million shares, an increase of 221,700 shares from the previous period [3] Industry Context - Sanxiang New Materials belongs to the basic chemical industry, specifically in the chemical raw materials and inorganic salts sector [2] - The company is associated with several concept sectors, including solid-state batteries, Ningde Times concept, minor metals, integrated die-casting, and automotive lightweighting [2]

Company Overview - Sanxiang New Materials Co., Ltd. is located at 292 Jiefang Street, Shouning County, Fujian Province, established on August 24, 1991, and listed on August 1, 2016. The company specializes in the research, production, and sales of zirconium-based and casting modification industrial new materials [1][2]. Financial Performance - For the first half of 2025, Sanxiang New Materials reported operating revenue of 562 million yuan, a year-on-year decrease of 7.35%. The net profit attributable to the parent company was 44.91 million yuan, down 28.45% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 208 million yuan in dividends, with 93.76 million yuan distributed over the past three years [3]. Stock Performance - As of September 15, the stock price of Sanxiang New Materials was 29.02 yuan per share, with a market capitalization of 12.284 billion yuan. The stock has increased by 82.80% year-to-date but has seen a decline of 6.93% over the past five trading days [1]. - The company has appeared on the trading leaderboard twice this year, with the most recent appearance on March 4, where it recorded a net buy of -4.4688 million yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Sanxiang New Materials was 32,800, a decrease of 7.12% from the previous period. The average circulating shares per person increased by 7.67% to 12,892 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked as the ninth largest, holding 1.798 million shares, an increase of 221,700 shares from the previous period [3]. Industry Classification - Sanxiang New Materials is classified under the Shenwan industry as basic chemicals - chemical raw materials - inorganic salts. The company is associated with several concept sectors, including solid-state batteries, CATL concepts, automotive lightweighting, integrated die-casting, and minor metals [2].