11月25日，晶瑞电材盘中上涨2.03%，截至10:45，报16.06元/股，成交7.72亿元，换手率4.58%，总市值 172.32亿元。 责任编辑：小浪快报 截至9月30日，晶瑞电材股东户数11.14万，较上期增加19.81%；人均流通股9585股，较上期减少 10.67%。2025年1月-9月，晶瑞电材实现营业收入11.87亿元，同比增长11.92%；归母净利润1.28亿元， 同比增长19202.65%。 分红方面，晶瑞电材A股上市后累计派现2.48亿元。近三年，累计派现1.17亿元。 机构持仓方面，截止2025年9月30日，晶瑞电材十大流通股东中，国泰中证半导体材料设备主题ETF （159516）位居第五大流通股东，持股880.61万股，相比上期增加493.62万股。南方中证1000ETF （512100）位居第七大流通股东，持股775.54万股，相比上期减少6.78万股。华夏中证1000ETF （159845）位居第九大流通股东，持股460.64万股，相比上期减少6300.00股。香港中央结算有限公司退 出十大流通股东之列。 晶瑞电材今年以来股价涨72.60%，近5个交易日涨5.24%，近20日跌1 ...

Core Viewpoint - Jingrui Electric Materials Co., Ltd. has shown a significant increase in stock price, reflecting positive market sentiment and potential growth in the semiconductor and new energy sectors [1][2]. Company Overview - Jingrui Electric Materials, established on November 29, 2001, and listed on May 23, 2017, is located in Suzhou, Jiangsu Province. The company specializes in high-purity chemicals, photoresists, functional formulation materials, lithium battery materials, pharmaceutical intermediates, and electronic-grade materials [1]. - The main revenue composition is as follows: high-purity chemicals (58.69%), photoresists (13.79%), lithium battery materials (13.68%), industrial chemicals (9.61%), energy (4.01%), and others (0.23%) [1]. Shareholder Insights - Guotai Fund's ETF, Guotai Zhongzheng Semiconductor Materials and Equipment Theme ETF (159516), has increased its holdings in Jingrui Electric Materials by 4.9362 million shares, now holding a total of 8.8061 million shares, which represents 0.82% of the circulating shares [2]. - The ETF was established on July 19, 2023, with a current scale of 8.299 billion. It has achieved a year-to-date return of 44.08%, ranking 736 out of 4216 in its category [2]. - The fund manager, Ai Xiaojun, has a tenure of 11 years and 312 days, with the fund's total assets amounting to 1690.29 billion. The best return during his tenure is 265.64%, while the worst is -46.54% [2].

Core Points - The electronic chemicals industry is highly competitive and innovative, with China being the largest manufacturer of electronic products but heavily reliant on imports for high-end electronic chemicals [1] - A high-level conference on wet electronic chemicals and electronic gases is scheduled for November 20-22, 2025, in Fushun County, Sichuan Province, to enhance manufacturing capabilities and application areas [1] Conference Organization - The conference is organized by the China Chemical News Agency and the Fushun County People's Government, with support from various industry associations and local development agencies [1] - The theme of the conference is "Integrating Innovation to Win the Future" [1] Conference Agenda - The main forum will feature prominent speakers discussing the current state and trends of the electronic chemicals industry, innovations in key materials for integrated circuits, and the impact of AI on technological advancements [2] - Parallel sessions will focus on challenges and opportunities in wet electronic chemicals manufacturing and advancements in electronic gases technology [6] Participants - Attendees will include industry experts, production companies, and representatives from the electronic chemicals supply chain, electronic gas producers, packaging companies, and wafer manufacturers [5] Conference Fees - The registration fee is set at 2000 yuan per person, with a fee of 3000 yuan for supporting enterprises, covering meals, materials, and venue costs [7] - Accommodation will be arranged, with costs borne by the participants [7] Contact Information - For inquiries, contact details for the organizing team are provided, including phone numbers and email addresses [7]

Core Viewpoint - The stock of Jingrui Electric Materials has experienced fluctuations, with a notable decline of 2.10% on November 11, 2023, despite a year-to-date increase of 75.50% [1] Group 1: Stock Performance - As of November 11, 2023, Jingrui Electric Materials' stock price is reported at 16.33 CNY per share, with a total market capitalization of 17.52 billion CNY [1] - The stock has seen a net outflow of 77.64 million CNY in principal funds, with significant selling pressure observed [1] - Over the past five trading days, the stock has decreased by 3.37%, while it has increased by 3.16% over the last 20 days and 51.77% over the last 60 days [1] Group 2: Company Overview - Jingrui Electric Materials Co., Ltd. was established on November 29, 2001, and went public on May 23, 2017 [1] - The company specializes in high-purity chemicals, photoresists, lithium battery materials, and other products, serving industries such as semiconductors and new energy [1] - The revenue composition includes high-purity chemicals (58.69%), photoresists (13.79%), lithium battery materials (13.68%), industrial chemicals (9.61%), energy (4.01%), and others (0.23%) [1] Group 3: Financial Performance - For the period from January to September 2025, Jingrui Electric Materials achieved a revenue of 1.187 billion CNY, reflecting a year-on-year growth of 11.92% [2] - The net profit attributable to the parent company for the same period was 128 million CNY, showing a remarkable year-on-year increase of 19,202.65% [2] - The company has distributed a total of 248 million CNY in dividends since its A-share listing, with 117 million CNY distributed over the past three years [3] Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for Jingrui Electric Materials reached 111,400, an increase of 19.81% from the previous period [2] - The top ten circulating shareholders include various ETFs, with notable changes in holdings among them [3]

Core Viewpoint - Jingrui Electric Materials has experienced a significant decline in stock price, with a cumulative drop of 9.92% over the past five days, indicating potential concerns among investors regarding the company's performance and market conditions [1]. Company Overview - Jingrui Electric Materials Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on November 29, 2001. The company went public on May 23, 2017. Its main business includes high-purity chemicals, photoresists and supporting materials, functional formulation materials, lithium battery materials, pharmaceutical intermediates, electronic-grade materials, and other products, which are widely used in the semiconductor and new energy industries [1]. - The revenue composition of the company's main business is as follows: high-purity chemicals 58.69%, photoresists 13.79%, lithium battery materials 13.68%, industrial chemicals 9.61%, energy 4.01%, and others 0.23% [1]. Fund Holdings - According to data from the top ten holdings of funds, one fund under E Fund has a significant position in Jingrui Electric Materials. The E Fund CSI Semiconductor Materials and Equipment Theme ETF Link A (021893) held 129,200 shares in the third quarter, accounting for 0.17% of the fund's net value, ranking as the seventh largest holding [2]. - The estimated floating loss for today is approximately 37,500 yuan, with a total floating loss of 236,400 yuan during the five-day decline [2]. - The E Fund CSI Semiconductor Materials and Equipment Theme ETF Link A (021893) was established on November 26, 2024, with a current scale of 242 million yuan. Year-to-date returns are 40.4%, ranking 42 out of 199 in its category, while cumulative returns since inception are 30.33% [2]. - The fund manager, Li Shujian, has been in charge for 2 years and 59 days, with total assets under management of 20.057 billion yuan. The best fund return during his tenure is 103.18%, while the worst is -2.97% [2].

Core Viewpoint - Japanese semiconductor material developers are increasing capital expenditures to support clients preparing for large-scale production of advanced 2-nanometer chips [3] Group 1: Investment and Production Plans - Tokyo Ohka Kogyo Co., Ltd. will invest 20 billion yen (approximately 130 million USD) to build a photoresist factory in South Korea, expected to start production in 2030, increasing its capacity three to four times [3] - Adeka plans to invest 3.2 billion yen to install mass production facilities for new photoresist materials in Ibaraki Prefecture, with operations expected to begin in April 2028 or later [4] - Nitto Denko will build a 15 billion yen factory in Fukushima Prefecture, expected to triple the production capacity of specialty glass materials by 2027 [5] Group 2: Market Trends and Demand - The global semiconductor materials market is projected to reach 97 billion USD by 2030, a 35% increase from 72 billion USD in 2024, driven by strong demand in the artificial intelligence sector [4] - Concerns over raw material shortages are rising as chip demand surges, prompting manufacturers to invest to ensure stable supply [5] Group 3: Technological Advancements - The new metal oxide photoresist (MOR) technology, which utilizes metal-containing compounds for higher resolution, is being developed to support advanced chip manufacturing [4] - JSR is also constructing an MOR factory in South Korea, expected to begin production by the end of next year [4] Group 4: Key Partnerships - Samsung and SK Hynix have signed procurement agreements with OpenAI for data center server memory chips, indicating a strategic collaboration in the semiconductor supply chain [3]

Core Viewpoint - Jingrui Electric Materials is a leading domestic supplier of electronic chemicals, with a comprehensive product range and full industry chain advantages, focusing on high-purity chemicals and photoresists, widely used in semiconductor and new energy industries [1] Group 1: Business Performance - For Q3 2025, Jingrui Electric Materials reported revenue of 1.187 billion yuan, ranking 16th in the industry, with the top competitor, Xilong Science, achieving 5.324 billion yuan [2] - The main business composition includes high-purity chemicals at 451 million yuan (58.69%), photoresists at 106 million yuan (13.79%), lithium battery materials at 105 million yuan (13.68%), and industrial chemicals at 73.82 million yuan (9.61%) [2] - The net profit for the same period was 171 million yuan, ranking 12th in the industry, with the leading company, Anji Technology, reporting 608 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 26.65%, down from 28.33% year-on-year, which is lower than the industry average of 28.64%, indicating lower debt pressure [3] - The gross profit margin for Q3 2025 was 25.53%, an increase from 19.82% year-on-year, but still below the industry average of 31.60%, suggesting room for improvement in profitability [3] Group 3: Executive Compensation - The chairman, Li Xun, received a salary of 507,200 yuan in 2024, a decrease of 212,300 yuan from 2023 [4] - The general manager, Hu Jiankang, earned 756,100 yuan in 2024, an increase of 79,200 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 19.81% to 111,400, while the average number of circulating A-shares held per account decreased by 10.67% [5] - Notable institutional holdings include Guotai Junan's semiconductor materials and equipment ETF, which is the fifth-largest circulating shareholder with 8.8061 million shares, an increase of 4.9362 million shares from the previous period [5] Group 5: Future Outlook - According to Open Source Securities, Jingrui Electric Materials is rated "Buy," with projected net profits of 123 million, 156 million, and 192 million yuan for 2025-2027 [5] - Highlights include significant improvements in H1 2025 operating performance, increased sales of high-purity wet chemicals, and accelerated domestic substitution processes [5] - Shenwan Hongyuan maintains an "Overweight" rating, slightly raising the 2025 net profit forecast to 129 million yuan and introducing forecasts for 2026 and 2027 at 154 million and 190 million yuan, respectively [6]

Core Viewpoint - Jingrui Electric Materials has seen a significant stock price increase of 27.35% over the past three days, closing at 18.40 CNY per share with a market capitalization of 19.743 billion CNY [1] Company Overview - Jingrui Electric Materials Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on November 29, 2001, with its listing date on May 23, 2017 [1] - The company specializes in high-purity chemicals, photoresists and supporting materials, functional formulation materials, lithium battery materials, pharmaceutical intermediates, electronic-grade materials, and other products, widely used in the semiconductor and new energy industries [1] - The revenue composition of the main business includes: high-purity chemicals (58.69%), photoresists (13.79%), lithium battery materials (13.68%), industrial chemicals (9.61%), energy (4.01%), and others (0.23%) [1] Fund Holdings - According to data, one fund under GF Fund has a significant holding in Jingrui Electric Materials, specifically GF Xinyuan Mixed A (002135), which held 102,400 shares in the second quarter, accounting for 1.91% of the fund's net value, ranking as the tenth largest holding [2] - The estimated floating profit from the recent stock price increase is approximately 91,100 CNY, with a total floating profit of 385,000 CNY during the three-day rise [2] - GF Xinyuan Mixed A was established on November 2, 2016, with a latest scale of 39.4913 million CNY, and has a year-to-date return of 4.31%, ranking 7034 out of 8155 in its category [2]

Group 1 - The core viewpoint of the news is that Jingrui Electric Materials has seen a significant stock price increase, with a 27.35% rise over three consecutive days, indicating strong market interest and performance [1] - As of the report, Jingrui Electric Materials' stock price is 18.40 yuan per share, with a total market capitalization of 19.743 billion yuan and a trading volume of 1.664 billion yuan [1] - The company's main business includes high-purity chemicals (58.69% of revenue), photoresists (13.79%), lithium battery materials (13.68%), industrial chemicals (9.61%), energy (4.01%), and others (0.23%), serving sectors like semiconductors and new energy [1] Group 2 - Tianhong Fund has a significant holding in Jingrui Electric Materials, with its Tianhong Guozheng 2000 Index Enhanced A fund holding 51,000 shares, representing 0.78% of the fund's net value [2] - The fund has generated a floating profit of approximately 45,400 yuan today and a total of 191,800 yuan during the three-day stock price increase [2] - The Tianhong Guozheng 2000 Index Enhanced A fund was established on March 23, 2023, with a current size of 27.0544 million yuan and year-to-date returns of 46.68% [2]

Fusion Energy - Aerospace Morning Light has successfully installed the key component Dewar system for the largest domestic nuclear fusion experimental device BEST [1] - Dongfang Precision Engineering's subsidiary, Aerospace New Power, has deep technical accumulation and engineering experience in the nuclear fusion field [1] - Jiadian Co., the controlling shareholder Harbin Electric Group, is involved in the development of key components for projects like ITER [1] - Kaimet Gas has not yet applied its products in the nuclear fusion field [1] Robotics - Zhongyan Co. claims it does not have the production capability for humanoid robot components despite being a supplier for Tesla's Optimus robot [1] - Grebo is steadily advancing its collaboration with Zhiyuan Robotics as planned [1] Precious Metals - Yunnan Copper is expected to produce 16 tons of gold and 680 tons of silver this year [1] Semiconductors - Jingrui Electric Materials has supplied photoresists and high-purity chemicals for storage chip manufacturing [1] Automotive - Jingu Co. has Leap Motor as a strategic customer, providing multiple models with its Avatar niobium micro-alloy low-carbon wheels [1] Other - Lianhong New Science has stabilized the supply of electronic specialty gases to leading companies like TSMC and Shanghai Xinsheng [1] - Yiwei Communication has completed a Series A investment in Renxin Technology [1] - Tiannai Technology expects to ship around 3,000 to 4,000 tons of single-walled products in the fourth quarter [1] - Zhongjuxin is actively laying out new fields such as high-purity quartz materials through the acquisition of the UK-based Heraeus [1]