Fujian Supertch Advanced Material (688398)
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Fujian Supertch Advanced Material (688398) News
Saite New Materials (688398.SH): Appoints Nie Meizhen as Secretary to the Company's Board of Directors
GLENEAGLE INSIGHTS, August 11 — Setech New Materials (SHA: 688398) announced that on August 10, 2026, the company held the 32nd meeting of its Fifth Board of Directors, at which it reviewed and approved the “Proposal on the Appointment of the Company’s Secretary to the Board.” The board agreed to appoint Ms. Nie Meizhen as the Secretary to the Board, with a term of office commencing from the date of her appointment by the board and ending upon the expiration of the term of the Fifth Board of Directors.
Saite New Materials (688398.SH): Has cumulatively repurchased 1.23% of the company's shares
Gelonghui, August 3 — Saite New Materials (688398.SH) announced that as of July 31, 2026, the company has cumulatively repurchased 2.07 million of its own shares, representing 1.23% of its total share capital. The highest repurchase price was RMB 25.63 per share and the lowest was RMB 18.59 per share, with a total amount paid of RMB 50.0158 million (excluding stamp duty, trading commissions, and other transaction fees). The figures above are rounded to two decimal places; any minor discrepancies are due to rounding.
Saite New Materials (688398.SH): Has Repurchased 1.04% of the Company's Shares to Date
Gelonghui, July 16 — Setech New Materials (688398.SH) announced that, as of July 15, 2026, the company has cumulatively repurchased 1.751 million shares through the centralized bidding trading system of the Shanghai Stock Exchange. The repurchased shares account for 1.04% of the company's total share capital, an increase of 0.93% compared to the previously disclosed figure. The highest repurchase price was RMB 25.63 per share, and the lowest was RMB 22.63 per share, with a total repurchase amount of RMB 42.7715 million (excluding stamp duty, brokerage commissions, and other transaction fees). The above figures are rounded to two decimal places; any trailing digits have been omitted.
Saite New Materials (688398.SH): Repurchased 197,200 shares of the company's stock for the first time
Gelonghui, July 6 | Setech New Materials (SHA: 688398) announced that on July 6, 2026, the company repurchased 197,200 of its shares for the first time through the centralized bidding trading system of the Shanghai Stock Exchange. The repurchased shares account for 0.12% of the company's total share capital. The highest transaction price was RMB 24.82 per share and the lowest was RMB 24.43 per share, with a total payment of RMB 4.8441 million (excluding stamp duty, brokerage commissions, and other transaction fees).
Saite New Materials (688398.SH): Has not yet implemented the current share repurchase.
Gelonghui, July 2 — Setech New Materials (688398.SH) announced that as of June 30, 2026, the company has not yet implemented the share repurchase program.
A-Share Market Movement | Saite New Materials (688398.SH) Rises Over 7% in Early Trading as Company Unveils 'One Core, Two Wings' Development Strategy; Core VIP Panel Business Set to Benefit Significantly from New National Energy Efficiency Standards for
Zhitong Finance APP reported that Saite New Materials (688398.SH) rose more than 7% in early trading. As of the time of writing, the stock was up 5.03% at RMB 26.71, with a trading volume of RMB 101 million.
Investor Conference Transcript | Saite New Materials (688398.SH): Benefiting from New Refrigerator Regulations, 'One Core with Two Wings' Strategy to Drive Future Growth
On June 16, Saite New Materials held a briefing to explain its 'One Core, Two Wings' development strategy.
Saite New Materials (688398.SH) plans to repurchase company shares worth between RMB 50 million and RMB 100 million.
Saite New Materials (688398.SH) announced that the company intends to repurchase its shares through centralized bidding transactions using its own funds and/or self-raised funds, for use in employee stock ownership plans or equity incentive schemes. The total amount allocated for the repurchase will be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive). The repurchase price per share will not exceed RMB 47 (inclusive).
Express News | Saite New Materials plunged nearly 17%, facing heavy institutional selling; the company responds
Saitex New Materials (688398.SH) Director Wang Yang strategically invests in Jianyi Vacuum, jointly advancing upstream vacuum equipment for VIP panels.
On June 11, Saite New Materials (688398.SH) issued an announcement regarding routine related-party transactions. According to the announcement, Saite New Materials director Wang Yang entered into a share transfer agreement with Li Mingliang, the largest shareholder of Fujian Jianyi Vacuum Technology Co., Ltd. (hereinafter referred to as "Jianyi Vacuum"), acquiring Li's 24.24% equity stake in Jianyi Vacuum.
Oriental Securities: New national refrigerator standards expected to drive volume growth in VIP panels, while rotary compressors remain under pressure.
With the new national standard for refrigerator energy efficiency taking effect on June 1, the resulting demand for upgraded materials is being rapidly realized. The penetration rate of vacuum insulated panel (VIP) materials is expected to accelerate.
A-Share Market Movement | Saite New Materials (688398.SH) Rises Over 6% in Late Trading; Company Announces Ultra-Thin VIP Product Certified by a Leading EV Maker and Its Battery Supplier
Zhitong Finance APP reported that Saite New Materials (688398.SH) rose more than 6% in the late trading session. As of the time of writing, it was up 6.07% at HK$29.17, with a turnover of RMB 84.0933 million.
Saite New Materials (688398.SH): Shareholder Wang Meilan reduced her holdings by 2.6179 million shares of the company.
Gelonghui, May 25 — Setech New Materials (688398.SH) announced that the company recently received a "Notice on Shareholding Reduction" from Ms. Wang Meilan. On May 25, 2026, Ms. Wang Meilan reduced her holdings of the company's shares by 2,617,900 shares via block trading, representing 1.56% of the company's total share capital. This share reduction plan has now been fully implemented. Following this reduction, Ms. Wang Meilan and her concert parties collectively hold 74,986,840 shares of the company, accounting for 44.68% of the company's total share capital.
Saite New Materials (688398.SH): Lin Yu, Vice General Manager and Secretary of the Board, resigns
Gelonghui, May 21 — Saite New Materials (688398.SH) announced that the company's board of directors recently received a resignation letter from Mr. Lin Yu, Vice General Manager and Secretary of the Board, who has applied to resign from his positions as Vice General Manager and Secretary of the Board for personal reasons. Following his departure, he will no longer hold any position within the company.
Saitex New Materials (688398): Anticipating Market Expansion Driven by Higher Energy Efficiency Standards for Refrigerators
The company disclosed its Q1 2026 report, achieving total operating revenue of 242 million yuan, a year-on-year decrease of 1.44%, and net profit attributable to shareholders of 381,100 yuan, marking a year-on-year decline of 96.09%. Commentary on the event indicates that overall operations in Q1 2026 were relatively
Saite New Materials (688398.SH): The company has been re-certified as a high-tech enterprise.
Gelonghui, May 18th ┃ Saite New Materials (688398.SH) announced that the company has recently received the 'High-tech Enterprise Certificate' jointly issued by the Fujian Provincial Department of Science and Technology, the Fujian Provincial Department of Finance, and the Fujian Provincial Tax Bureau of the State Administration of Taxation. Certificate Number: GR202535000631, Issue Date: December 8, 2025, Validity Period: Three years. The recognition as a high-tech enterprise this time represents the re-certification conducted upon the expiration of the validity period of the original high-tech enterprise certificate.
Stock Movement | Saite New Materials (688398.SH) Surges Over 7% Again as New National Standards for Refrigerators Expected to Bring Significant Growth to Domestic Demand for Vacuum Insulation Panels
According to Zhitong Finance, Saite New Materials (688398.SH) surged over 7% again, with its stock price doubling within the year. As of press time, it rose by 6.64%, trading at 34.03 yuan, with a turnover of 128 million yuan.
Sai Te New Materials (688398): VIP board sales maintain strong growth momentum; focus on demand elasticity brought by the new national standard.
Event: Saite New Materials released its 2025 annual report and Q1 2026 earnings report. Saite New Materials' total revenue in 2025 was RMB 995 million, a year-on-year increase of 6.57%, while net profit attributable to shareholders was RMB 24.19 million, a year-on-year decrease of 68.66%.
A-Share Market Movements | Saite New Materials (688398.SH) surged over 6% before noon. As the leading company in the vacuum insulated panel industry, it is expected to benefit from the implementation of the new national energy efficiency standards for ref
According to Zhitong Finance, Saite New Materials (688398.SH) surged over 6% in the morning session. As of press time, it was up 5.68%, trading at RMB 31.26 with a turnover of RMB 121 million.
Sai Te New Materials reported revenue of 995 million yuan in 2025, up 6.57%, while net profit excluding non-recurring items fell 70.61% to 20.83 million yuan, with domestic sales accounting for 63.80% of total revenue.
In 2025, the company's revenue reached RMB 995 million, representing a year-on-year increase of 6.57%. However, net profit attributable to parent company shareholders was only RMB 24.1859 million, marking a significant year-on-year decline of 68.66%, primarily due to a 5.32 percentage point drop in gross margin for vacuum insulation panels and an 84.15% surge in financial expenses. The proportion of domestic sales rose to 63.80%, further increasing the concentration of core business operations, while Weiaiji has yet to commence production. Operating cash flow grew against the trend by 8.36% to RMB 71.1361 million, reflecting robust collection capabilities.