Core Viewpoint - South Asia New Materials (688519.SH) has reduced its repurchased shares through centralized bidding, indicating a strategic move in capital management [1] Summary by Categories Share Reduction - The company has reduced its repurchased shares by 2,315,470 shares, which accounts for 0.99% of the total share capital [1] - The total amount from the reduction is 118,412,176.71 yuan, with a share price range of 44.80 to 65.17 yuan per share [1] Remaining Holdings - As of October 31, 2025, the company holds 5,811,149 shares in the repurchase special securities account, representing 2.48% of the total share capital [1]

Summary of Key Points Core Viewpoint - Nanya New Materials Technology Co., Ltd. has announced the progress and results of its share repurchase and subsequent reduction plan, detailing the number of shares repurchased and sold, as well as the average selling price. Group 1: Share Repurchase Details - The company repurchased a total of 7,866,401 shares from February 21, 2024, to April 16, 2024, with plans to sell these shares within twelve months after the completion announcement [2] - If the company fails to sell the shares within the specified period, the unsold shares will be canceled following relevant procedures [2] Group 2: Reduction Plan Implementation Progress - On July 14, 2025, the company announced a plan to reduce up to 2,347,710 shares through centralized bidding within three months, representing no more than 1% of the total share capital [3] - The first sale occurred on August 11, 2025, with 127,599 shares sold at an average price of 45.272 yuan per share, accounting for 0.05% of the total share capital [3] - As of October 31, 2025, the company had reduced a total of 2,315,470 shares at an average price of 51.14 yuan per share, which is 0.99% of the total share capital, leaving 32,240 shares unsold [3] Group 3: Reduction Results - The company had 9,076,819 shares before the first reduction, with a holding ratio of 3.87% after canceling 3,712,648 shares from the repurchase account [4] - The actual reduction met the previously disclosed plan, and the reduction plan was not terminated early [8]

Core Viewpoint - Nanya New Materials (688519.SH) has completed a share repurchase plan, reducing its total shares by 2.3155 million at an average price of 51.14 CNY per share, which represents 0.99% of the company's total equity [1] Summary by Category - **Share Repurchase Details** - The company repurchased 2.3155 million shares through a centralized bidding process [1] - The average repurchase price was 51.14 CNY per share [1] - The total shares reduced account for 0.99% of the company's total equity [1] - There are 32,200 shares remaining that have not been repurchased [1] - The time frame for this repurchase plan has now expired [1]

重要内容提示： 回购股份的基本情况 证券代码：688519 证券简称：南亚新材 公告编号：2025-081 南亚新材料科技股份有限公司 关于回购股份集中竞价减持股份进展暨结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 责任。 一、减持主体减持前基本情况 南亚新材料科技股份有限公司（以下简称"公司"）于 2024 年 2 月 21 日至 2024 年 4 月 16 日期间累计回购公司股份 7,866,401 股。前述股份将于回购完成 公告披露十二个月后采用集中竞价交易方式出售，并在回购完成公告披露后三年 内完成出售，若公司未能在上述期限内完成出售，未实施出售部分股份将履行相 关程序予以注销。 | 股东名称 | 南亚新材料科技股份有限公司回购专用证券账户 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | □是 | √否 | | | 其他 ...

Core Points - The Shanghai Composite Index closed at 3960.19 points, with a decline of 0.41% and a total trading volume of 1,938.395 billion yuan [1] - A total of 107 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] Group 1: Stocks with Significant Death Cross - Hongyuan Electronics (603267) had a 5-day moving average of 52.69 yuan, down 1.97% from the 10-day moving average of 53.74 yuan, with a current price of 48.86 yuan, representing a deviation of -9.09% [1] - Zhongjian Technology (002779) reported a 5-day moving average of 123.82 yuan, down 1.88% from the 10-day moving average of 126.19 yuan, with a current price of 117.70 yuan, showing a deviation of -6.73% [1] - ST Huizhou (002122) showed a 5-day moving average of 3.56 yuan, down 1.41% from the 10-day moving average of 3.62 yuan, with a current price of 3.23 yuan, indicating a deviation of -10.65% [1] Group 2: Additional Stocks with Death Cross - Chao Hongji (002345) had a 5-day moving average of 13.02 yuan, down 1.33% from the 10-day moving average of 13.20 yuan, with a current price of 11.69 yuan, reflecting a deviation of -11.43% [1] - Kema Technology (301611) reported a 5-day moving average of 54.35 yuan, down 1.30% from the 10-day moving average of 55.06 yuan, with a current price of 52.30 yuan, showing a deviation of -5.02% [1] - Chuangyi Tong (300991) had a 5-day moving average of 40.78 yuan, down 1.26% from the 10-day moving average of 41.30 yuan, with a current price of 39.27 yuan, indicating a deviation of -4.91% [1]

Summary of Nanya Technology Conference Call Company Overview - **Company**: Nanya Technology - **Industry**: High-end materials for electronics, particularly in AI computing and high-speed applications Key Points and Arguments Production Capacity and Demand - Nanya Technology has been operating at near full capacity since March, with production capacity expected to increase from 2.8 million units last year to 3.2-3.4 million units this year due to line expansions [2][3] - The company has completed two rounds of price increases, with the first round in April-May and the second expected to be completed by the end of the month, with a price increase of approximately 10% [3][20] Product Segmentation and Revenue Sources - High-end products (level 6 and above) account for over 60% of total production, peaking at nearly 80% in May and June [2][4] - Revenue distribution: - Communications: ~20% - Consumer: ~20% - Automotive: 15%-20% - Energy: ~15% [6] Strategic Focus - The company is focusing on expanding its presence in communication products, automotive safety-related products, and energy markets, while also moving consumer products towards high-end segments [8] - The goal is to reduce the scale of basic products and expand strategic product lines [8] Market Outlook - The demand for high-speed materials is expected to grow, with a target of 20%-25% of revenue from high-speed materials by 2025 and 25%-30% by 2026, aiming for total revenue to exceed 6 billion yuan [4][11] - The automotive market is anticipated to grow due to increased usage of copper-clad laminates in new energy vehicles [7] International Expansion and Partnerships - Nanya Technology is actively expanding its overseas market presence, collaborating with major companies like AMD, Intel, and NVIDIA [2][10] - The company has made significant progress in certification with AMD and is accelerating material testing with NVIDIA [10][17] Future Production Plans - By the end of this year, the design capacity is expected to reach 3.9 million units, with plans for further expansion in 2026 [21][22] - A new factory in Jiangsu Haimen is expected to be completed by Q4 2026, with a monthly capacity of 250,000 to 300,000 units [22] Supply Chain and Material Sourcing - Nanya Technology relies on domestic suppliers for high-end materials and has established long-term partnerships to ensure supply security and cost reduction [26] - The company prioritizes quality and supply security when selecting upstream resin suppliers [27] Revenue Projections - For 2026, the company anticipates significant revenue growth, with expectations of reaching 6 billion yuan, of which 25% may come from non-AH area clients [15] Challenges and Considerations - The company faces uncertainties regarding the final outcomes of current bidding processes and potential shifts in market demand [5][13] Additional Important Information - The company is also focusing on high-end IC packaging materials and has made advancements in developing high-end products [25] - The establishment of a fourth production base in Thailand is planned, but construction timing will depend on market conditions [23]

Market Overview - The component sector experienced a decline of 2.57% on October 30, with Nanya Technology leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Individual Stock Performance - Notable gainers included: - Shangluo Electronics (300975) with a closing price of 14.38, up 3.75% and a trading volume of 894,000 shares, totaling 1.287 billion yuan [1] - Shenzhen South Circuit (002916) closed at 233.44, up 2.48% with a trading volume of 135,500 shares, totaling 3.2 billion yuan [1] - Significant decliners included: - Nanya Technology (61588899) closed at 72.36, down 9.66% with a trading volume of 77,000 shares, totaling 571 million yuan [2] - Jingwang Electronics (603228) closed at 74.01, down 9.23% with a trading volume of 586,100 shares, totaling 4.461 billion yuan [2] Capital Flow Analysis - The component sector saw a net outflow of 5.244 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.921 billion yuan [2][3] - Specific stock capital flows indicated: - Shangluo Electronics had a net inflow of 11.6 million yuan from institutional investors, while retail investors had a net outflow of 12.8 million yuan [3] - Shenzhen South Circuit experienced a net inflow of 88.621 million yuan from institutional investors, with a net outflow of 30.829 million yuan from retail investors [3]

Core Viewpoint - Nanya New Materials (688519.SH) reported significant growth in its Q3 2025 financial results, indicating strong operational performance and profitability [1] Financial Performance - The company achieved total operating revenue of 3.663 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 49.87% [1] - Net profit attributable to shareholders reached 158 million yuan, marking a substantial year-on-year growth of 180.79% [1] - Basic earnings per share were reported at 0.7 yuan [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,358,278,459.21, representing a year-on-year increase of 63.04%[3] - The total profit for the quarter was ¥78,395,797.23, with a year-to-date profit of ¥172,018,742.54, reflecting a significant increase of 201.22% compared to the previous year[3] - The net profit attributable to shareholders for the quarter was ¥70,908,456.71, showing a dramatic increase of 6,900.38% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the quarter was ¥62,790,889.02, with a year-to-date figure of ¥143,993,181.56, up 282.10% year-on-year[3] - Total revenue for the first three quarters of 2025 reached ¥3,663,333,868.72, a significant increase of 50.0% compared to ¥2,444,406,526.05 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥173,454,814.01, up from ¥56,704,042.84 in 2024, representing an increase of 205.5%[21] - Net profit for the first three quarters of 2025 was ¥158,098,607.52, compared to ¥56,304,225.68 in 2024, marking an increase of 180.7%[21] - Basic earnings per share for the first three quarters of 2025 were ¥0.70, compared to ¥0.25 in 2024, representing a growth of 180.0%[22] Cash Flow and Assets - The cash flow from operating activities for the quarter was ¥42,615,617.41, down 59.78% compared to the same period last year[3] - The company's cash and cash equivalents as of September 30, 2025, amount to ¥341,075,446.97, down from ¥422,037,715.99 at the end of 2024[14] - The net cash flow from operating activities was -$27.63 million, a significant decrease compared to $222.75 million in the previous period[25] - Cash received from sales of goods and services in the first three quarters of 2025 was ¥1,348,054,217.77, compared to ¥929,178,029.44 in 2024, an increase of 45.2%[24] - The total cash outflow from investing activities was $161.85 million, resulting in a net cash flow of -$161.83 million, compared to -$36.98 million previously[25] - Cash and cash equivalents at the end of the period were $341.08 million, down from $521.04 million at the end of the previous period[26] - The cash outflow for dividends and interest payments was $30.15 million, slightly up from $27.01 million[26] Research and Development - Research and development expenses totaled ¥66,939,669.96 for the quarter, accounting for 4.93% of operating revenue, an increase of 0.71 percentage points year-on-year[4] - Research and development expenses increased to ¥183,703,011.94 in 2025 from ¥116,654,403.96 in 2024, reflecting a growth of 57.4%[21] Assets and Liabilities - Total assets at the end of the quarter were ¥5,765,181,727.05, a 26.11% increase from the end of the previous year[4] - Total assets as of the latest reporting period amounted to ¥5,765,181,727.05, up from ¥4,571,590,456.20, indicating a growth of 26.1%[17] - Total liabilities increased to ¥2,982,067,105.22 from ¥2,142,372,384.34, representing a rise of 39.2%[17] - The company's equity attributable to shareholders rose to ¥2,783,114,621.83, compared to ¥2,429,218,071.86, an increase of 14.5%[17] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 8,024[11] - Shanghai Nanya Technology Group Co., Ltd. holds 126,048,600 shares, accounting for 53.69% of the total shares[12] - The top 10 shareholders include several investment funds, with the largest being Shanghai Nanya Technology Group Co., Ltd.[12] - The company has a repurchase account holding 5,811,149 shares, which is not included in the top 10 shareholders[13] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending[14] Operational Costs - The company reported a total operating cost of ¥3,539,057,850.67 for the first three quarters of 2025, up from ¥2,438,192,765.84 in 2024, reflecting an increase of 45.2%[20] Financing Activities - Total cash inflow from financing activities amounted to $988.35 million, with a net cash flow of $108.98 million, up from $46.18 million previously[26] - The company received $570 million in borrowings, contributing to the overall financing cash inflow[26] - Cash inflow from investment activities totaled $20,000, with cash outflow for fixed assets amounting to $157.85 million[25] Other Financial Metrics - The basic earnings per share for the quarter were ¥0.31, an increase of 6,788.89% year-on-year[4] - Accounts receivable increased to ¥2,163,038,530.20 from ¥1,462,905,403.33 year-over-year[15] - Inventory as of September 30, 2025, is ¥534,221,566.93, compared to ¥350,377,531.89 in the previous year[15] - Non-current assets total ¥1,779,696,432.62, slightly up from ¥1,775,330,982.44 at the end of 2024[15] - Total current assets amount to ¥3,985,485,294.43, an increase from ¥2,796,259,473.76 year-over-year[15]

Group 1 - The core viewpoint of the news is that Nanya New Materials has experienced a significant stock price increase, rising 5.31% to 78.38 CNY per share, with a total market capitalization of 18.401 billion CNY and a cumulative increase of 9.91% over three days [1] - Nanya New Materials specializes in the design, research and development, production, and sales of composite materials and products, primarily focusing on copper-clad laminates (77.25% of revenue) and bonding sheets (20.95% of revenue) [1] - The trading volume for Nanya New Materials reached 527 million CNY, with a turnover rate of 2.93% [1] Group 2 - Yongying Fund holds a significant position in Nanya New Materials, with its fund, Yongying Digital Economy Select Mixed Fund A, owning 2.2827 million shares, representing 4.24% of the fund's net value [2] - The fund has realized a floating profit of approximately 9.0166 million CNY today and a total of 15.3167 million CNY during the three-day price increase [2] - The Yongying Digital Economy Select Mixed Fund A has achieved a year-to-date return of 95.18% and a one-year return of 99.84%, ranking 118 out of 8155 and 98 out of 8031 respectively [2]