东来技术公告，公司回购专用证券账户于2025年7月25日至2025年9月30日通过集中竞价减持73.08万 股，占公司总股本0.61%，减持价格区间23.04元~24元，减持均价23.36元/股，减持总金额1706.96万 元；当前持股754.49万股，占6.26%，原计划减持比例不超过1%。 ...

Core Insights - The coating materials industry in China is experiencing steady growth, with a projected market size of 463.71 billion yuan in 2024, representing a year-on-year increase of 2.62% [1][15] - Industrial coating materials account for 58.90% of the market, driven by the demand from high-end industries such as new energy vehicles and display panels [1][15] - The industry is characterized by technological barriers, requiring a multidisciplinary approach for development and innovation [6][7] Industry Overview - Coating materials are essential in various sectors, including construction, automotive, aerospace, and electronics, serving functions such as protection, surface enhancement, and new functionalities [2][14] - The classification of coating materials includes solvent-based, water-based, and solvent-free types, as well as industrial, architectural, and auxiliary materials [4][5] Market Policies - Recent policies in China, such as the "14th Five-Year Plan" and various environmental regulations, provide a supportive framework for the development of the coating materials industry [9][10] Industry Chain - The upstream of the coating materials industry includes suppliers of resins, solvents, additives, and pigments, while the downstream encompasses applications in automotive, marine, machinery, new energy, electronics, and construction [11][12] Demand Structure - The automotive sector is the largest consumer of coating materials, accounting for 16.8% of the market, with significant growth in new energy vehicles, which saw a year-on-year increase of 37.3% in production and sales [13][14] Competitive Landscape - The global coating materials market is dominated by foreign companies, with the top three being Sherwin-Williams, PPG, and AkzoNobel, while the domestic market is characterized by numerous small players and a lack of large-scale leading companies [16][17] - Domestic companies like Songyi and Donglai Technology are focusing on high-end applications and customized solutions, with significant revenue contributions from automotive and consumer electronics sectors [16][18][19] Development Trends - Future trends indicate a shift towards high-performance coating materials with enhanced properties such as temperature resistance and environmental friendliness, driven by the dual carbon goals and stricter environmental regulations [20][21]

证券代码：688129 证券简称：东来技术 公告编号：2025-034 东来涂料技术（上海）股份有限公司 关于回购股份集中竞价减持股份进展公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 回购股份的基本情况 东来涂料技术（上海）股份有限公司（以下简称"公司"）于 2024 年 1 月 31 日至 2024 年 4 月 30 日期间累计回购公司股份 5,815,348 股。前述回购的股份 拟用于维护公司价值及股东权益，将在披露回购结果暨股份变动公告十二个月后 采用集中竞价交易方式出售，并在披露回购结果暨股份变动公告后三年内完成出 售，公司如未能在上述期限内完成出售，尚未出售的已回购股份将予以注销。 减持计划的进展情况 2025 年 7 月 4 日，公司在上海证券交易所网站（www.sse.com.cn）披露了《关 于回购股份集中竞价减持计划的公告》（公告编号：2025-018），公司计划自前 述公告披露之日起 15 个交易日后的三个月内，通过集中竞价交易方式，按市场 价格累计减持不超过 1,2 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **polysilicon industry** and its dynamics within the **photovoltaic (PV) sector** [1][2][3]. Core Insights and Arguments - **Energy Consumption Standards**: New energy consumption standards may reduce effective polysilicon production capacity by **30%**, down to **2.4 million tons/year**. Non-compliant companies may face rectification or shutdown [1][3]. - **Price Dynamics**: Polysilicon market prices are polarized; resources priced below **52,000 CNY/ton** are in high demand, while those above **53,000 CNY/ton** face limited acceptance. This is attributed to cautious price transmission from components and anticipated hydropower reductions [1][4]. - **Anti-Competition Policies**: The government has strengthened anti-competition policies, introducing penalties for below-cost dumping, which is deemed unfair pricing. This has led to a more robust internal price feedback mechanism [1][5]. - **Profitability Potential**: The average price of polysilicon is approximately **50,000 CNY/ton**, with a cash cost of about **27,000 CNY/ton**, allowing for a net profit of **7,000 CNY/ton**. However, the industry's operating rate is below **70%**, impacting profitability [1][6]. - **Supply Chain Reforms**: Expectations for supply-side reforms in the PV industry are increasing, with a clear logic for price recovery. The commitment to anti-competition measures is crucial for restoring a healthy market structure [1][7]. Additional Important Content - **Recent Price Adjustments**: As of September 5, domestic polysilicon prices have increased, with rod silicon priced at **55,000 CNY/ton** and granular silicon at **49,000 CNY/ton**. The PV sector has shown good performance, primarily driven by energy storage [1][8]. - **Challenges in the Industry**: The polysilicon industry faces challenges such as low operating rates, increased fixed costs due to depreciation, and ongoing losses for some manufacturers despite cost optimization efforts [1][11]. - **Investment Recommendations**: The industry is expected to experience a supply-demand turning point due to anti-competition measures. Key investment areas include polysilicon materials and PV glass, with specific companies recommended for attention [1][14][15]. Conclusion - The polysilicon industry is undergoing significant changes driven by new regulations and market dynamics. The focus on anti-competition measures and supply-side reforms is expected to lead to improved profitability and a healthier market structure in the photovoltaic sector.

Core Viewpoint - The rapid economic development in China has significantly enhanced consumer purchasing power, leading to a continuous expansion in automotive consumption demand, which in turn drives a substantial increase in the number of vehicles owned. This trend injects strong momentum into the automotive aftermarket, particularly benefiting the automotive repair paint industry, which is experiencing a period of rapid growth due to ongoing demand for vehicle maintenance, accident repairs, and personalized color changes. The market size of China's automotive repair paint industry is projected to reach approximately 22.647 billion yuan in 2024, representing a year-on-year growth of 11.98% [1][8]. Industry Overview - Automotive repair paint is a specialized coating material used to repair surface damage on vehicles, such as scratches, collisions, and corrosion. It is a significant branch of automotive coatings, categorized by functions including primer, putty, intermediate paint, color paint, and clear coat. Its core functions include restoring the vehicle's appearance, preventing corrosion and rust, protecting the substrate, and extending the vehicle's lifespan. According to industry standards, it must match the original factory paint and possess excellent adhesion, weather resistance, chemical corrosion resistance, and decorative properties while meeting environmental requirements [2][4]. Industry Chain - The upstream of the automotive repair paint industry chain primarily includes raw materials such as resins (e.g., epoxy resin, acrylic resin, polyurethane, phenolic resin), pigments (e.g., titanium dioxide, iron oxide, azo pigments), solvents (e.g., isopropanol, butanone, PMA), and additives (e.g., dispersants, emulsifiers, leveling agents, curing agents). The midstream involves the production and manufacturing of automotive repair paint, while the downstream is mainly applied in the automotive industry [4]. Market Size - The automotive repair paint industry size is influenced by various factors, including vehicle ownership, usage rates, traffic accident rates, and repair rates. With the gradual recovery of the global economy, vehicle ownership and usage rates have significantly increased, directly driving comprehensive growth in the automotive repair paint market. In 2024, the global automotive repair paint market size is expected to reach approximately 15.7 billion USD, with a year-on-year growth of 3.29% [7][8]. Key Enterprises - The competitive landscape of China's automotive repair paint industry is characterized by "international brands dominating the high-end market and domestic companies rising in the mid-to-low-end market." International giants such as PPG, Axalta, and BASF occupy a significant share of the high-end market, especially in luxury vehicles and 4S store channels. Domestic companies like Yatu and Donglai Technology leverage cost-performance advantages and digital color matching systems to capture a substantial share of the mid-to-low-end market while accelerating penetration into the high-end segment [9][10]. Industry Development Trends 1. **Green and Low-Carbon Technology**: Driven by the "dual carbon" strategy, the automotive repair paint industry in China is accelerating its transition towards low VOC, water-based, and high solid content formulations. Leading companies like Donglai Technology have implemented water-based processes that reduce energy consumption by 40%, while Jinlitai has achieved a 30% reduction in carbon emissions through low-temperature curing technology [12][13]. 2. **Intelligent and Digital Transformation**: Intelligent color matching systems, robotic spraying, and digital twin workshops are becoming standard in the industry. Donglai Technology's "Color Cloud" system has achieved global color formula sharing, improving repair efficiency by 50%. The application of 5G and industrial internet in companies like Yatu enables remote fault diagnosis and predictive maintenance [13]. 3. **Emerging Demand and Overseas Expansion**: The demand for high-adhesion and weather-resistant coatings is surging due to lightweight materials in new energy vehicles. Domestic companies are accelerating overseas expansion, with Yatu exporting products to nearly 100 countries and achieving significant localization in the Russian market. The industry is expected to form a multi-dimensional structure characterized by high-end market dominance by international brands, competition among domestic companies in the mid-to-low-end market, and expansion into emerging markets [14].

证券之星消息，9月16日，东来技术（688129）融资买入469.96万元，融资偿还344.59万元，融资净买入 125.37万元，融资余额6508.86万元，近3个交易日已连续净买入累计366.96万元。 | 交易日 | 两融余额(元) | 余额变动(元) | 变动幅度 | | --- | --- | --- | --- | | 2025-09-16 | 6508.86万 | 125.37万 | 1.96% | | 2025-09-15 | 6383.49万 | 58.17万 | 0.92% | | 2025-09-12 | 6325.32万 | 183.42万 | 2.99% | | 2025-09-11 | 6141.90万 | 112.39万 | 1.86% | | 2025-09-10 | 6029.51万 | 1.94万 | 0.03% | 小知识 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-09-16 | 125.37万 | 6508.86万 | 2.23% | | 2025-09-15 | 58. ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688129 证券简称：东来技术 公告编号：2025-032 东来涂料技术（上海）股份有限公司 2024年限制性股票激励计划 第一个归属期归属结果公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次归属股票数量：101.9850万股 ● 本次归属股票来源：公司从二级市场回购的本公司A股普通股股票。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责任公司上海分公司有关业务 规则的规定，东来涂料技术（上海）股份有限公司（以下简称"公司"）于2025年9月10日收到中国证券 登记结算有限责任公司上海分公司出具的《过户登记确认书》，公司已完成2024年限制性股票激励计划 （以下简称"本次激励计划"）第一个归属期的股份登记工作。现将有关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 1、2024年7月31日，公司召开第三届董事会第五次会议，审议通过了《关于公司〈2024年限制性股票激 励计划（草案）〉及其摘要的议案 ...

证券代码：688129 证券简称：东来技术 公告编号：2025-032 东来涂料技术（上海）股份有限公司 2024 年限制性股票激励计划第一个归属期归属结果公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司有关业务规则的规定，东来涂料技术（上海）股份有限公司（以 下简称"公司"）于 2025 年 9 月 10 日收到中国证券登记结算有限责任公司上海 分公司出具的《过户登记确认书》，公司已完成 2024 年限制性股票激励计划（以 下简称"本次激励计划"）第一个归属期的股份登记工作。现将有关情况公告如 下： 一、本次限制性股票归属的决策程序及相关信息披露 1、2024 年 7 月 31 日，公司召开第三届董事会第五次会议，审议通过了《关 于公司<2024 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司<2024 年限制性股票激励计划实施考核管理办法>的议案》及《关于提请股东大会授权 董事会办理公司 2024 年限制 ...

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法律责任。 证券代码：688129 证券简称：东来技术 公告编号：2025-033 东来涂料技术（上海）股份有限公司 关于召开 2025 年半年度业绩说明会的公告 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 重要内容提示： 投资者可于 2025 年 9 月 12 日（星期五）至 9 月 18 日（星期四）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 IR@ onwings.com.cn 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。 东来涂料技术（上海）股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日在上海证券交易所网站（www.sse.com.cn）披露了公司《2025 年半年度 报告》。为加强与投资者的深入交流，使投资者更加全面、深入地了解公司 2025 年半年度的经营成果及财务状况，公司拟于 2025 年 9 月 19 日上午 10:00-11:00 举行 ...

证券代码：688129 证券简称：东来技术 公告编号：2025-031 东来涂料技术（上海）股份有限公司 关于回购股份集中竞价减持股份进展公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 回购股份的基本情况 东来涂料技术（上海）股份有限公司（以下简称"公司"）于 2024 年 1 月 31 日至 2024 年 4 月 30 日期间累计回购公司股份 5,815,348 股。前述回购的股份 拟用于维护公司价值及股东权益，将在披露回购结果暨股份变动公告十二个月后 采用集中竞价交易方式出售，并在披露回购结果暨股份变动公告后三年内完成出 售，公司如未能在上述期限内完成出售，尚未出售的已回购股份将予以注销。 减持计划的进展情况 2025 年 7 月 4 日，公司在上海证券交易所网站（www.sse.com.cn）披露了《关 于回购股份集中竞价减持计划的公告》（公告编号：2025-018），公司计划自前 述公告披露之日起 15 个交易日后的三个月内，通过集中竞价交易方式，按市场 价格累计减持不超过 1,2 ...