关于报告的所有内容，请于公众『市场分析报告』阅读原文 《新材料产业深度报告：20家上市公司最新业绩榜单与投资逻辑》 新材料作为化工行业未来增长的基础性赛道，2025年8月迎来政策、需求与技术多轮催化。行业正处于下游爆发 阶段，电子信息、新能源、航空航天、生物技术、节能环保等核心领域产业链持续完善。板块数据显示，基础化 工板块近一年涨幅48.1%，显著跑赢沪深300指数，市场对高成长新材料企业关注度升温。 电子信息板块方面，OpenAI首席执行官Sam Altman明确提出，未来数万亿美元的资金将投向AI基建，拉动全球 半导体、存储材料及高性能组件需求。Dell'Oro Group预计，2029年全球数据中心物理基础设施市场规模可达631 亿美元，2024-2029年复合增速15%，AI算力产业链扩容带动半导体材料、显示材料与PCB上游公司受益。国内企 业中，国瓷材料2025年上半年营收21.54亿元，同比增长10.29%；鼎龙股份同期营收17.32亿元，同比增14%，归 母净利润同比增长42.78%；晶瑞电材实现营收7.68亿元，同比增长10.68%，净利润同比大幅增长15倍。深天马A 实现营收174.75亿 ...

证券代码：688021 证券简称：奥福科技 公告编号：2025-021 山东奥福环保科技股份有限公司 关于召开 2025 半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2025 年 9 月 3 日(星期三)上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 8 月 27 日(星期三)至 9 月 2 日(星期二)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 shandongaofu@aofuchina.com 进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 山东奥福环保科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 23 日发布公司 2025 年半年度报告，为便 ...

据证券之星公开数据整理，近期奥福科技（688021）发布2025年中报。截至本报告期末，公司营业总收 入1.77亿元，同比上升24.9%，归母净利润-241.53万元，同比上升82.26%。按单季度数据看，第二季度 营业总收入8059.07万元，同比上升15.52%，第二季度归母净利润85.45万元，同比上升117.66%。本报 告期奥福科技公司应收账款体量较大，当期应收账款占最新年报营业总收入比达42.71%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率18.49%，同比减7.45%，净利率-1.48%，同比增 85.04%，销售费用、管理费用、财务费用总计2208.47万元，三费占营收比12.5%，同比减37.74%，每股 净资产11.19元，同比减3.18%，每股经营性现金流0.47元，同比增91.09%，每股收益-0.03元，同比增 83.33% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 1.41亿 | 1.77亿 | 24.90% | | 归母净利润(元) | -1361.6万 | -241 ...

1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到http://www.sse.com.cn网站仔细阅读半年度报告全文。 1.2重大风险提示 公司已在本报告中描述公司面临的风险，敬请查阅本报告第三节管理层讨论与分析中第四条风险因素相 关内容，请投资者予以关注。 公司代码：688021 公司简称：奥福科技 第一节 重要提示 1.3本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.4公司全体董事出席董事会会议。 1.5本半年度报告未经审计。 1.6董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 1.7是否存在公司治理特殊安排等重要事项 □适用 √不适用 第二节 公司基本情况 2.1公司简介 公司股票简况 ■ 单位：元 币种：人民币 ■ 2.3前10名股东持股情况表 单位: 股 ■ 2.4前十名境内存托凭证持有人情况表 公司存托凭证简况 □适用 √不适用 联系人和联系方式 ■ 2.2主要财务数据 □适用 √不适用 2.5截至报告期末表决权数量前十 ...

山东奥福环保科技股份有限公司 2025 年度"提质增效重回报"行动方案半年度评估报告 山东奥福环保科技股份有限公司（以下简称"公司"）为践行以"投资者为 本"的上市公司发展理念，维护全体股东利益，结合自身发展战略、运营现状和 财务状况，基于对自身未来发展前景的信心和价值的认可，于 2025 年 4 月 26 日披露了公司《2025 年度"提质增效重回报"行动方案》（以下简称"《行动 方案》"），以推动公司实现高质量发展，保障投资者权益，树立公司良好的资 本市场形象。2025 年上半年，公司根据《行动方案》内容，扎实推进各项工作， 现将上半年主要工作进展与实施情况报告如下。 一、提升经营质量 2025 年上半年，公司实现营业收入 17,664.16 万元，同比增长 24.90%。据汽 车总站网数据，2025 年 1-6 月我国重卡累计销量 53.56 万辆，同比增长 6%。得 益于商用车重卡市场景气度回升，公司产品销售规模同步增长。同时，降本增效 举措初显成效，公司实现归属于上市公司股东的净利润为-241.53 万元，同比亏 损显著收窄。产品毛利率较 2024 年全年水平提升 1.8 个百分点，并在报告期内 呈 ...

山东奥福环保科技股份有限公司2025 年半年度报告 公司代码：688021 公司简称：奥福科技 山东奥福环保科技股份有限公司 2025 年半年度报告 1 / 182 山东奥福环保科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 公司已在本报告中描述公司面临的风险，敬请查阅本报告第三节管理层讨论与分析中第四条 风险因素相关内容，请投资者予以关注。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人潘吉庆、主管会计工作负责人曹正及会计机构负责人（会计主管人员）曹正声 明：保证半年度报告中财务报告的真实、准确、完整。 六、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 八、 前瞻性陈述的风险声明 □适用 √不适用 九、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 十、 是否存在违反规定决策程序对外提供担保的情况 否 □适用 √不 ...

Core Insights - The automotive exhaust purification market in China is experiencing significant growth due to increasing vehicle ownership and stricter environmental regulations, with a market size projected to reach 79.74 billion yuan in 2024, a year-on-year increase of 5.02% [1][11] - The rapid development of new energy vehicles presents new opportunities for the exhaust purification industry, as hybrid vehicles and internal combustion engine auxiliary systems still require effective exhaust purification solutions [1][11] Industry Overview - Automotive exhaust purifiers are devices installed in the exhaust systems of vehicles to reduce and purify harmful substances in exhaust gases, protecting the environment and human health [3] - The working principle involves physical filtration, chemical reactions, and biological degradation to convert harmful gases into less harmful substances [3] Types of Exhaust Purification Devices - Common types of exhaust purification devices include three-way catalytic converters, diesel particulate filters (DPF), selective catalytic reduction (SCR), and activated carbon canisters [5] - The three-way catalytic converter is one of the most widely used devices, utilizing precious metals like platinum, rhodium, and palladium to convert harmful substances [5] Industry Chain - The upstream of the automotive exhaust purification industry includes raw materials such as metal, ceramic, and rare earth materials, which are essential for manufacturing purifiers [7] - The midstream involves the production and manufacturing of exhaust purifiers, while the downstream encompasses various applications in gasoline, diesel, and fuel cell vehicles [7] Market Demand and Growth - The increasing economic development and rising income levels in China have led to a surge in vehicle purchases, with the total number of vehicles expected to grow from 194 million in 2016 to 353 million by 2024, reflecting a compound annual growth rate of 7.8% [9] - Despite the growth of new energy vehicles, fuel vehicles still dominate the market, necessitating the installation of exhaust purifiers to mitigate pollution [9] Competitive Landscape - The automotive exhaust purification industry features a mix of domestic and international brands, with companies focusing on R&D to enhance purification efficiency and reduce material costs [15] - Key domestic players include Anhui Aikelan Environmental Protection Co., Ltd., Shandong Aofu Environmental Protection Technology Co., Ltd., and Chongqing Hait Automotive Exhaust System Co., Ltd. [15] Industry Development Trends - Technological innovation and upgrades are crucial for the development of the automotive exhaust purification industry, with new materials and technologies improving purification efficiency [21] - International cooperation and competition are expected to increase, as companies work together to address global climate challenges while enhancing their technological capabilities [22][23]

Group 1 - The company reported a revenue of 96.05 million yuan for Q1 2025, representing a year-on-year growth of 34.04% [1] - The net profit attributable to shareholders was -3.27 million yuan, an improvement from -8.78 million yuan in the same period last year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -4.32 million yuan, compared to -9.84 million yuan in the previous year [1] - The net cash flow from operating activities was 4.70 million yuan, a significant increase from -1.77 million yuan in the same period last year [1] Group 2 - The company achieved revenues of 204 million yuan, 332 million yuan, and 284 million yuan from 2022 to 2024, respectively [1] - The net profit attributable to shareholders for the years 2022, 2023, and 2024 were -7.84 million yuan, -7.92 million yuan, and -43.97 million yuan, respectively [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the same years were -18.74 million yuan, -16.53 million yuan, and -53.79 million yuan, respectively [1] Group 3 - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 6, 2019, with an issue price of 26.17 yuan per share and 20 million shares issued [1] - The stock is currently in a state of decline [1] Group 4 - The total amount raised from the initial public offering was 523.4 million yuan, with a net amount of 457.12 million yuan, which is 11.98 million yuan less than originally planned [2] - The funds were intended for various projects, including the production of DPF carriers and other automotive ceramic carrier production lines [2] - The total issuance costs (excluding VAT) amounted to 66.28 million yuan, with underwriting fees of 52.34 million yuan [2]

Group 1: Core Insights - Tough ceramics are advanced materials that significantly enhance fracture toughness and impact resistance through techniques such as phase transformation toughening and fiber whisker reinforcement [1][15] - The market for tough ceramics in China is expected to exceed 30 billion yuan by 2030, driven by technological advancements and increasing demand in various sectors [1][15] Group 2: Industry Overview - Tough ceramics are designed to overcome the brittleness of traditional ceramics while maintaining high hardness, heat resistance, and corrosion resistance [2][3] - The classification of tough ceramics includes phase transformation toughened ceramics, fiber whisker toughened ceramics, and micro-crack toughened ceramics, with applications ranging from cutting tools to biomedical devices [3][5] Group 3: Policy Environment - The "14th Five-Year Plan" identifies advanced ceramics as a key strategic material, highlighting their importance in national manufacturing development [7] - Local policies, such as Henan Province's carbon peak action plan, emphasize the development of advanced ceramic materials, creating unprecedented opportunities for tough ceramics [7] Group 4: Industry Chain - The industry chain for tough ceramics includes upstream raw materials like alumina and zirconia, which directly affect product quality [9][10] - The downstream applications are diverse, spanning automotive, consumer electronics, biomedical, aerospace, and new energy sectors, each with unique performance requirements [9][13] Group 5: Market Applications - The consumer electronics sector is a major market for tough ceramics, accounting for approximately 35%-40% of end applications, driven by the growth of 5G, AI, and IoT technologies [13] - The overall consumer electronics market in China is projected to grow from 1.66 trillion yuan in 2018 to 1.98 trillion yuan in 2024, with a compound annual growth rate of 3% [13] Group 6: Competitive Landscape - The competitive landscape of the tough ceramics industry is characterized by a tiered structure, with leading companies like Guocer Materials and Sanhuan Group dominating the market [19] - The market exhibits a "head concentration and long tail dispersion" pattern, where leading firms leverage technology and market expansion while smaller firms focus on niche markets [19] Group 7: Development Trends - The tough ceramics industry is entering a new phase of high-quality development characterized by technological breakthroughs, market expansion, and green transformation [21] - Future trends include enhanced performance through technological advancements, increased market demand driven by consumer upgrades, and a shift towards sustainable practices in production [21][22][24]

证券代码：688021 证券简称：奥福环保 公告编号：2025-020 （一） 股东会召开的时间：2025 年 5 月 16 日 （二） 股东会召开的地点：安徽省蚌埠市经济开发区老山路 1751 号安徽奥福精 细陶瓷有限公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 19 | | --- | --- | | 普通股股东人数 | 19 | | 2、出席会议的股东所持有的表决权数量 | 31,280,414 | | 普通股股东所持有表决权数量 | 31,280,414 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 40.9356 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 40.9356 | （四） 表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 山东奥福环保科技股份有限公司 2024年年度股东会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 ...