South Asia New Materials plans to repurchase up to 180 million yuan worth of shares to demonstrate confidence; industry demand recovery leads to annual profits of 241 million yuan, an increase of over 378%.

Yangtze Business News ● Yangtze Business Reporter Zhang Lu

Leading company in the copper-clad laminate industry, Nanya New Materials (688519.SH), plans to repurchase a large amount of shares, demonstrating strong confidence in the company’s future development.

On March 16, Nanya New Materials announced a share repurchase plan, intending to use its own funds to buy back shares, with a total amount of 90 million to 180 million yuan, at a maximum price of 147 yuan per share. The company expects to repurchase between 612,200 and 1,224,500 shares, accounting for 0.26% to 0.52% of total equity. All repurchased shares will be used for employee stock ownership plans or equity incentives.

Yangtze Business News notes that since its listing in 2020, the company has continuously rewarded shareholders through buybacks and dividends. In 2024, it completed a share repurchase of 149.9 million yuan. Since 2020, the company has paid dividends five times, totaling 205 million yuan.

The company’s sustained shareholder returns are backed by its impressive performance. In 2025, Nanya New Materials achieved revenue of 5.228 billion yuan, a year-on-year increase of 55.52%, and net profit attributable to shareholders of 241 million yuan, a jump of 378.65%. The core reason for this explosive growth is the full recovery of demand in the copper-clad laminate industry and ongoing product structure optimization, significantly improving gross profit margin and profitability.

Planning to repurchase up to 180 million yuan worth of shares

Recently, Nanya New Materials announced a share repurchase plan, intending to buy back shares through centralized bidding with funds of no less than 90 million yuan and no more than 180 million yuan, at a maximum price of 147 yuan per share. The expected number of shares to be repurchased is between 612,200 and 1,224,500, representing 0.26% to 0.52% of the company’s total equity.

Nanya New Materials stated that all repurchased shares will be used for employee stock ownership plans or equity incentives, reflecting the company’s high recognition of its own value and firm confidence in future growth. It also aims to improve long-term incentive mechanisms, align core talent with company interests, and inject sustained momentum for high-quality development.

Yangtze Business News observes that the company’s employee stock ownership plan includes key personnel such as Chairman Bao Xiuyin, Vice Chairman Zhang Dong, and General Manager Bao Xinyang. Senior management accounts for 28.13% of the plan, with the remaining 71.87% allocated to core technical personnel and other management, technical, and business backbone staff.

Looking back at the company’s capital operations since listing, share buybacks and cash dividends have become the main ways to reward shareholders.

In 2024, Nanya New Materials carried out a buyback of 75 million to 150 million yuan. By April 2024, it had repurchased 7.8664 million shares, totaling 149.9 million yuan. Some of these shares will be canceled to optimize the equity structure and increase earnings per share. Since its listing on the STAR Market in August 2020, the company has consistently implemented cash dividend policies, with five dividends totaling 205 million yuan.

Financial data shows that the company’s cash flow and asset structure support this buyback. From 2020 to 2024, total assets increased from 2.623 billion yuan to 4.572 billion yuan, a 74.3% increase. As of the end of 2025, total assets reached 6.017 billion yuan, a year-on-year increase of 31.5%, setting a new record.

Stock price has risen 59.16% this year

Data shows that Nanya New Materials was established in 2000 and listed on the STAR Market in 2020. It is a high-tech enterprise focused on R&D, production, and sales of electronic circuit substrates such as copper-clad laminates and bonding sheets. With over 20 years of industry experience, it has become a core supplier in the high-end copper-clad laminate field, with products widely used in AI servers, 5G communications, data centers, automotive electronics, industrial control, and other high-end scenarios.

2025 is a crucial year for Nanya New Materials’ performance leap. The company’s performance brief shows that it achieved revenue of 5.228 billion yuan, a 55.52% increase; net profit attributable to shareholders was 241 million yuan, a significant increase of 378.65%; and net profit after deducting non-recurring gains and losses was 219 million yuan, surging 679.35%. All key indicators reached new highs since listing.

The core reasons for this explosive growth include the full recovery of demand in the copper-clad laminate industry, driven by rapid development in downstream fields like AI computing power and communications electronics, which has led to soaring demand for high-end copper-clad laminates. Additionally, the company has continuously optimized its product mix, with a large increase in sales of high-margin high-frequency high-speed copper-clad laminates, enhancing product premium capabilities. Meanwhile, refined management and cost control have significantly improved gross profit margin and profitability.

Yangtze Business News notes that to further solidify its development foundation, the company disclosed a plan in December 2025 to issue A-shares to specific targets. According to the plan, it will issue no more than 70.4313 million shares, raising up to 900 million yuan. Of this, 740 million yuan will be used for the “R&D and industrialization of high-end high-frequency high-speed copper-clad laminates based on AI computing power” to strengthen core technological advantages; the remaining 160 million yuan will be used to supplement working capital.

In terms of capacity planning, Nanya New Materials has established a multi-base domestic and international production layout, with projects in Jiading, Shanghai; Ji’an, Jiangxi; Haimen, Jiangsu; and Phetchaburi, Thailand, forming a complete ecosystem covering R&D, production, and sales.

As of the close on March 17, 2026, the company’s stock price was 128.7 yuan per share, with a total market value of 30.22 billion yuan. The stock price has increased 59.16% year-to-date, closely matching the growth in performance.

Editor: ZB