Core Viewpoint - The company emphasizes the importance of protecting its intellectual property and is actively applying for patents both domestically and internationally to establish a strong technological moat [1] Group 1 - The company is committed to intellectual property protection and adheres to legal regulations in its patent applications [1] - The company provides specific patent information through official disclosures or announcements from the National Intellectual Property Administration [1]

Core Viewpoint - The company has been actively engaged in the space photovoltaic sector for several years, developing specialized packaging solutions and applying for multiple patents in this field [1] Group 1: Company Developments - The company has proposed three different packaging solutions specifically for various applications in space photovoltaics [1] - The company has been consistently delivering products to clients in the space photovoltaic sector, including leading enterprises, over the years [1] - The company plans to continue developing and enhancing its space photovoltaic adhesive film packaging technology in alignment with national aerospace strategic development needs [1]

Core Viewpoint - The company has launched a dual-mode electronic skin that can sense both pressure and temperature, and is currently in the process of customer testing [1] Group 1: Product Development - The company has released a pressure and temperature sensing electronic skin, which is now being tested by customers [1] - The technology is designed to facilitate applications in various downstream sectors [1] Group 2: Market Strategy - The company is actively engaging with potential partners in various application fields to promote the technology's implementation [1] - The company is committed to accelerating the commercialization process and will disclose significant progress in accordance with relevant regulations [1]

Core Viewpoint - Lushan New Materials has officially launched a new type of battery-free dual-mode electronic skin, aiming to become a key supplier of materials and solutions for humanoid robots and smart terminals during the 14th Five-Year Plan period [1][4]. Group 1: Product Launch and Technology - The newly launched electronic skin utilizes "pressure-temperature" dual-mode integrated sensing technology, allowing it to capture changes in pressure and temperature simultaneously, providing richer environmental information [4]. - Compared to traditional capacitive and piezoresistive sensors, the battery-free electronic skin offers high sensitivity and a high signal-to-noise ratio, making it responsive to subtle forces like fingertip touches and pulse beats [4]. - The materials used in the electronic skin are soft and stretchable, allowing for close fitting to complex surfaces of robot joints and fingertips without affecting movement freedom [4]. Group 2: Strategic Transformation - The launch of the electronic skin represents a significant step for Lushan New Materials in its transformation from a functional materials supplier to a solution provider, aligning with the demands of the humanoid robot and artificial intelligence industries [5]. - The company is leveraging over 20 years of experience in functional materials to develop key supporting materials for emerging industries, particularly in the electronic skin sector [5]. Group 3: Market Applications and Future Prospects - The electronic skin is expected to open up important applications in various fields, including smart manufacturing, health monitoring, and human-machine interaction, enhancing robots' tactile feedback and collaborative capabilities [6]. - Lushan New Materials aims to collaborate with integration companies and research institutions to explore the practical value of electronic skin in real-world scenarios [6]. Group 4: Company Background and Development - Founded in 1998, Lushan New Materials specializes in the research, production, and sales of green, high-performance functional polymer materials, with applications in renewable energy, optical displays, and composite materials [7]. - The company has been listed on the Shanghai Stock Exchange since 2022 and has applied for 320 national patents, with 187 effective authorized patents as of June 2025 [7]. - During the 14th Five-Year Plan period, Lushan New Materials is focusing on the electronic consumer and renewable energy sectors, promoting the development of advanced new materials [7][8].

Group 1 - The article discusses the advancements in electronic skin technology by Lushan New Materials, highlighting its potential applications in various industries [2] - The company has developed a new type of electronic skin that mimics human skin's properties, which could lead to innovations in healthcare and robotics [2] - The electronic skin technology is expected to enhance the interaction between humans and machines, paving the way for smarter devices [2]

Core Viewpoint - Lushan New Materials has officially launched a new type of battery-free dual-mode electronic skin, aiming to become a key supplier of materials and solutions for humanoid robots and smart terminals during the 14th Five-Year Plan period [1][2]. Group 1: Product Launch - The new battery-free electronic skin features "pressure-temperature" dual-mode integrated sensing technology, allowing it to capture both pressure and temperature changes, providing richer environmental information [1]. - Compared to traditional capacitive and piezoresistive sensors, the battery-free electronic skin offers high sensitivity and high signal-to-noise ratio, making it sensitive to subtle forces like fingertip touches and pulse beats [1][2]. Group 2: Material and Cost Advantages - The materials used in the battery-free electronic skin are soft and stretchable, allowing for a close fit to complex surfaces like robot joints and fingertips without affecting movement freedom [2]. - The core sensitive materials are based on polymers and ion compounds, which can be optimized for cost control, indicating significant potential for large-scale application [2]. Group 3: Strategic Transformation - The launch of the electronic skin represents a significant step for Lushan New Materials in transitioning from a functional materials supplier to a solution provider, leveraging over 20 years of experience in functional materials [2][3]. - The company is actively responding to the demands of the humanoid robot and artificial intelligence industries by developing a series of key supporting materials [3]. Group 4: Market Applications - The electronic skin is expected to enable robots to have tactile feedback, enhancing accuracy and safety in tasks such as grasping [3]. - In health and energy monitoring, the electronic skin can provide real-time monitoring support for rehabilitation devices, smart wearables, and lithium batteries [3]. - The company aims to explore the practical value of electronic skin in real-world scenarios through collaboration with integration enterprises and research institutions [3]. Group 5: Growth Strategy - Founded in 1998, Lushan New Materials focuses on the research, production, and sales of green, high-performance functional polymer materials, with applications in various fields including renewable energy and optical displays [4]. - During the 14th Five-Year Plan period, the company is concentrating on electronic consumer products and renewable energy, promoting the development of advanced new materials [5]. - The company plans to enhance market share through new products and projects, implementing a dual-driven development strategy to solidify its market position [5].

Core Viewpoint - Lushan New Materials (鹿山新材) is focusing on the development of packaging materials for high-performance solar cells, specifically targeting perovskite, P-type heterojunction (HJT), and gallium arsenide batteries to support the implementation of space photovoltaic technology [1][2] Group 1: Perovskite Battery Packaging - The company has developed a specialized thermoplastic film for perovskite batteries characterized by "low corrosion, high barrier, and strong compatibility," addressing sensitive industry pain points in packaging processes [1] - This product has been validated by leading companies in the perovskite battery sector, such as Xina Photonics and GCL-Poly, with some clients entering mass production [1] - The company is building a patent barrier around low-temperature crosslinking and multilayer composite packaging technologies [1] Group 2: P-type Heterojunction Battery Packaging - Since 2020, the company has been collaborating with Junshi Energy to develop packaging materials for P-type heterojunction batteries, achieving significant bonding strength at the battery-module interface [1] - This technology is currently in small-scale validation with leading aerospace manufacturers, potentially accelerating the large-scale application of P-type heterojunction batteries in space photovoltaic fields [1] - Future directions include "spectrum optimization, radiation resistance enhancement, and ultra-thin flexible packaging" to improve conversion efficiency and environmental resilience under space conditions [1] Group 3: Gallium Arsenide Battery Packaging - The flexible packaging solution for gallium arsenide batteries significantly enhances adhesion to polyimide films, effectively protecting sensitive battery structures and accommodating large curvature deformations without stress concentration risks [2] - This solution has been validated by multiple leading aerospace companies since 2022 and has begun mass supply, providing technical support for the commercial application of gallium arsenide batteries in the aerospace sector [2] - The company aims to meet the customization, reliability, and cost-effectiveness demands of space photovoltaics by focusing on "packaging materials and process solutions" and deepening industry-academia-research collaborations [2]

此外，针对砷化镓薄膜电池，鹿山新材推出了柔性封装方案，大幅提升与聚酰亚胺薄膜的粘接力，有效 保护电池敏感层结构，可跟随太阳翼实现大曲率形变，无应力集中风险，适配多种展开结构。目前，该 方案也已通过多家头部航天企业验证，并开始批量供货。 未来，面对太空光伏对封装材料"定制化、高可靠、低成本"的要求，鹿山新材将以"封装材料+工艺解决 方案"为核心，深化产学研合作，迭代下一代封装技术，助力我国太空光伏产业突破瓶颈，为太空旅 游、深空探测等新场景提供能源保障，抢占商业航天能源革命制高点。 （文章来源：证券时报网） 作为航天器核心能源供给技术，太空光伏逐渐受到市场关注，而相关封装技术成为决定光伏电池太空适 应性、可靠性与寿命的关键。深耕高分子材料的鹿山新材(603051)表示，公司针对不同电池特性推出的 三大核心封装方案，将为太空光伏技术落地提供支撑。 据悉，鹿山新材研发的钙钛矿电池专用热塑性胶膜，以"低腐蚀、高阻隔、强适配"为核心，通过分子结 构优化与助剂体系创新，攻克了封装工艺敏感的行业痛点，既降低对活性层的腐蚀，又提升高温抗蠕变 及耐湿热老化性能，完美适配太空光伏所需的低温封装工艺。目前该产品已通过纤纳光电、协鑫 ...

Core Viewpoint - The company, Guangzhou Lushan New Materials Co., Ltd., anticipates a significant loss for the fiscal year 2025, with projected revenues and net profits indicating a downturn compared to the previous year [2][4]. Group 1: Performance Forecast - The company estimates its operating revenue for 2025 to be between 1.4 billion yuan and 1.6 billion yuan [2][4]. - The projected net profit attributable to the parent company is expected to be between -74 million yuan and -37 million yuan, indicating a loss compared to the previous year's profit of 16.94 million yuan [2][7]. - The net profit after deducting non-recurring gains and losses is projected to be between -98 million yuan and -61 million yuan [5]. Group 2: Previous Year’s Performance - In the previous year, the company reported an operating revenue of 2.066 billion yuan [7]. - The net profit attributable to the parent company was 16.94 million yuan, with a net profit of -656,400 yuan after deducting non-recurring gains and losses [7]. Group 3: Reasons for Expected Loss - The anticipated loss is primarily due to impairment provisions related to fixed assets in the solar cell packaging film business, expected to reduce net profit by 40 million to 60 million yuan [9]. - The solar cell packaging film products are facing intense market competition, leading to a decline in sales prices and overall gross margin, further impacting net profit [10]. - Non-operating gains and losses, as well as accounting treatments, are not expected to have a significant impact on the anticipated loss [10].

（文章来源：证券日报） 证券日报网讯 1月19日，鹿山新材发布2025年年度业绩预亏公告称，公司预计2025年年度实现营业收入 140000万元至160000万元，预计实现归属于母公司所有者的净利润为-7400万元到-3700万元，与上年同 期相比将出现亏损。 ...