南财智讯12月15日电，福斯特公告，杭州福斯特应用材料股份有限公司于2025年12月15日收到公司副总 经理宋赣军先生的辞职报告。宋赣军先生因工作调整原因辞去公司副总经理职务。辞职后，宋赣军先生 仍将继续担任公司控股子公司杭州福斯特电子材料有限公司法定代表人兼总经理。 ...

内容概要：太阳能EVA是光伏组件的组成部分之一，其以优异的封装性能、良好的耐老化性能和低廉的 价格，占据了50%以上的市场份额，是目前使用最为广泛的太阳能电池封装胶膜材料。近年来，随着光 伏产业的快速发展，太阳能EVA产品供应大幅增加。数据显示，2024年中国太阳能EVA产量达到 131.1GW，同比上涨10.7%。预计未来中国太阳能EVA产量将继续保持增长趋势。一方面，国家持续推 动光伏项目建设，不仅提升了光伏组件的整体产量，还对EVA的性能要求更高，也间接带动了太阳能 EVA的产量扩张；另一方面，随着技术的进步，太阳能EVA产能瓶颈实现快速突破，进一步推动太阳能 EVA 产量的大幅增长。 相关上市企业：福斯特（603806）、海优新材（688680）、鹿山新材（603051）、赛伍技术 （603212）、东方盛虹（000301）、联泓新科（003022）、明冠新材（688560）、天合光能 （688599）、晶科能源（688223）、晶澳科技（002459）等。 相关企业：江苏斯威克新材料股份有限公司、杭州新子新能源股份有限公司、杭州鑫富节能材料有限公 司、常州百佳年代薄膜科技股份有限公司、绿康（玉山）胶 ...

福斯特 20251210 摘要 福斯特明确第二增长曲线为电子材料，受益于 AI 技术和硬件投资，预计 电子材料领域将迎来更高增速和更多中高端材料发展，尤其在 PCB 企业 需求驱动下。 公司财务稳健，资产负债率低于 20%，资金储备充足，保障高比例分红， 为未来在新能源（光伏、锂电）和电子材料两大领域扩张提供坚实基础。 光伏领域，市场反内卷政策逐步落地，福斯特凭借市场竞争力，预计在 光伏行业反转后迎来盈利修复，同时，电子材料方面，与建鼎、东山精 密、沪电等头部客户合作，预计 2026 年保持 30%以上增速。 公司计划在华南新基地投产新的电子材料产能，专注于 HDR 等高端干 膜产品，目标是往中高端发展，满足客户对窄版用干膜的需求。 干膜业务盈利能力已超过胶膜产品，毛利率超过 20%，净利润接近 10%，随着结构优化和规模优势形成，预计毛利率将达到 25%以上甚 至 30%。 未来五年内，新业务（非光伏）的营收占比预计将从不到 5%提升至 20%-30%，长期目标是光伏及非光伏业务各自营收占比达到 50%，转 型为平台型材料公司。 铝塑膜业务受益于固态电池量产，出货量增长迅速，国内市场排名第二 或第三，全球排 ...

Core Viewpoint - The photovoltaic (PV) industry is experiencing a significant turnaround after a prolonged downturn, with the PV index rising over 30% from July 1 to November 14 this year, indicating renewed investor interest and potential recovery in the sector [1][2]. Group 1: Industry Performance - The PV sector was previously a high-performing area for many fund managers, particularly between 2020 and 2022, driven by favorable conditions such as tight silicon supply, high installation growth, and strong policy support [1]. - In 2023, a price war emerged, leading to a decline in the performance of leading companies and a significant drop in the stock prices of many star PV stocks [2]. - As of the third quarter of 2025, major companies like Sungrow Power and JA Solar have consistently remained in the top holdings of various funds, indicating a continued belief in the sector despite recent challenges [2]. Group 2: Fund Manager Strategies - Some fund managers, like Zheng Chengran from GF Fund, have maintained their positions in the PV sector, believing that the industry is on the verge of a new upward cycle, with expectations for recovery starting in early 2024 [2][3]. - Other managers, such as Lu Bin from HSBC Jintrust, have also shown confidence in the sector, reporting over 40% cumulative returns in their funds due to strategic investments in leading PV stocks [3]. - Conversely, some fund managers have exited the PV sector after significant losses, missing the recent rebound that began in July [4][5]. Group 3: Market Dynamics - The industry is witnessing a fundamental improvement in supply-demand dynamics, with a report indicating that the PV industry is moving towards price recovery and reduced losses for companies [6][7]. - The price of polysilicon has rebounded from a low of 35,000 yuan/ton to over 50,000 yuan/ton, reflecting the impact of policy interventions and industry self-discipline [7]. - The overall market sentiment is shifting positively, with public funds increasing their allocation to the PV sector as valuations remain attractive [7].

Core Viewpoint - Foster (603806.SH) is the world's largest supplier of optical conversion films, which enhance the power generation of photovoltaic modules by converting ultraviolet light into visible light [1] Group 1: Company Overview - The company specializes in optical conversion films that are widely used in various types of photovoltaic components, including HJT, BC, perovskite, and perovskite tandem modules [1] - Currently, the optical conversion films are predominantly applied in HJT components, while their use in perovskite components is still in the trial phase due to ongoing technological development [1] Group 2: Industry Position - As a leading global enterprise in photovoltaic adhesive films, the company collaborates extensively with various types of component customers worldwide, providing a wide range of film products [1]

Core Viewpoint - The company has developed a packaging solution using POE adhesive film and butyl rubber, which is particularly suitable for encapsulating perovskite solar cells, addressing their sensitivity to moisture [2]. Group 1 - The company responded to an investor inquiry about the application of new materials, such as butyl rubber, in perovskite battery technology [2]. - Perovskite batteries are more sensitive to moisture compared to traditional silicon solar cells, necessitating high-performance moisture barrier solutions [2]. - The company obtained the world's first TV Rheinland certification for its butyl rubber in October this year [2].

Core Viewpoint - The company has developed a packaging solution using POE adhesive film and butyl rubber, which is particularly suitable for encapsulating perovskite solar cells, addressing their sensitivity to moisture [1]. Group 1 - The company responded to an investor inquiry regarding the application of new materials, such as butyl rubber, in perovskite battery technology [1]. - Compared to traditional silicon solar cells, perovskite cells are more sensitive to moisture, necessitating high-performance moisture barrier solutions [1]. - The company obtained the world's first TÜV Rheinland certification for butyl rubber in October of this year [1].

Core Viewpoint - The company Foster (603806) emphasizes the need for advanced moisture barrier solutions for perovskite solar cells due to their sensitivity to humidity compared to traditional silicon solar cells [1] Group 1: Company Developments - Foster has developed a packaging solution combining POE film and butyl rubber, which is particularly suitable for encapsulating perovskite solar cell modules [1] - The company received the world's first T V Rheinland certification for its butyl rubber in October this year [1]

Core Viewpoint - The company emphasizes the need for high water resistance in packaging solutions for perovskite solar cells due to their increased sensitivity to moisture compared to traditional silicon solar cells [1] Group 1 - The company has developed a packaging solution using a combination of POE film and butyl rubber, which is particularly suitable for encapsulating perovskite solar cell modules [1] - In October, the company obtained the world's first TÜV Rheinland certification for its butyl rubber product [1]

Core Viewpoint - The company emphasizes the need for high water resistance in packaging solutions for perovskite solar cells due to their increased sensitivity to moisture compared to traditional silicon solar cells [1] Group 1 - The company has developed a packaging solution using a combination of POE film and butyl rubber, which is particularly suitable for encapsulating perovskite solar cell modules [1] - In October, the company obtained the world's first TÜV Rheinland certification for its butyl rubber product [1]