Jianghan New Materials (603281) Initial Coverage: Across-the-Board Price Increase for Silanes Delivers Significant Cost Reduction and Efficiency Gains

Report Summary: The company owns a complete functional silane industrial chain. In March 2026, due to rising raw material prices, a recovery in market demand for functional silanes, and production halts by some companies in the industry, silane prices were adjusted upward across the board. Key investment points: Initial coverage.

Guotai Haitong SecuritiesMay 7 00:00

Jianghan New Materials (603281.SH): Has repurchased a cumulative 2.15% of shares.

Gelonghui reported on May 6 that Jianghan New Materials (603281.SH) announced that as of the end of April 2026, the company had cumulatively repurchased 8.0346 million shares, representing 2.15% of the company's total share capital. The highest purchase price was RMB 27.00 per share, and the lowest was RMB 23.22 per share. The total amount paid was RMB 200 million (excluding transaction fees).

Gelonghui FinanceMay 6 15:43

Jianghan New Materials (603281): A turning point in the core business cycle may be established in 25 years; awaiting performance validation.

Event: According to the company's announcement, revenue for 2025 reached 1.858 billion yuan, a year-over-year decrease of 16.14%; net profit attributable to shareholders amounted to 418 million yuan, a year-over-year decline of 30.54%. In the fourth quarter of 2025, the company generated revenue.

Tianfeng SecuritiesApr 30 15:46

Jianghan New Materials (603281.SH): 6N-grade silicon tetrachloride is the primary raw material for manufacturing optical fibers.

Gelonghui reported on April 30 that Jianghan New Materials (603281.SH) stated on an interactive platform that 6N-grade silicon tetrachloride is the main raw material for manufacturing optical fibers. In addition to optical fibers, high-purity silicon tetrachloride can also be used in the production of large-scale integrated circuits (silicon epitaxial wafers, quartz electronic cloth), preparation of silicon nitride ceramics, and smelting of silicon-containing alloys (ferrosilicon alloys).

Gelonghui FinanceApr 30 15:34

Jianghan New Materials (603281): Continuous strengthening of integrated industrial chain advantages; layout of high-end silicon-based materials opens up growth opportunities.

On April 21, 2026, Jianghan New Materials released its annual report for 2025, reporting operating revenue of 1.858 billion yuan, a year-on-year decrease of 16.14%; net profit attributable to shareholders of the listed company amounted to 418 million yuan.

China Post SecuritiesApr 27 16:37

A-share Market Review: The three major indices posted modest gains, with the Shenzhen Component Index hitting a new high of over four years. Stocks related to helium gas and the power sector performed strongly.

Gelonghui, April 21 | The three major indices of A-share rose slightly today. As of the market close, the Shanghai Composite Index increased by 0.07% to 4085 points, the Shenzhen Component Index rose by 0.1%, continuing to hit a more-than-four-year high, and the ChiNext Index climbed by 0.31%. The total market turnover reached 2.43 trillion yuan, down 179.9 billion yuan compared to the previous trading day, with over 3,400 stocks falling. In terms of sector performance, helium prices surged significantly, driving gains in the helium concept and industrial gas sectors, with Huate Gas hitting the 20% price limit. Electricity consumption across society grew by 5.2% year-on-year in the first three months, boosting the power sector as multiple stocks including Huadian Liaoning Energy hit their price limits. Composite current collector stocks were active, with Fangbang Co., Ltd. surging to the daily limit. Broiler farming also showed strength.

Gelonghui FinanceApr 21 15:02