Core Viewpoint - The global commercial aerospace market is experiencing unprecedented growth, with projections indicating a market size of $75-125 billion in 2024 and expected to reach $140 billion in 2025. China's commercial aerospace market is particularly rapid, projected to reach 2.3 trillion RMB in 2024, a year-on-year growth of 22.9%, and expected to exceed 2.8 trillion RMB in 2025. Material technology is becoming a core factor determining the competitiveness of commercial aerospace companies [1]. Group 1: Material Demand Characteristics - The demand for materials in commercial aerospace differs significantly from traditional aerospace, focusing on lightweight materials to reduce launch costs, with savings of approximately 20,000-30,000 RMB per kilogram of payload. The core logic for material selection is "lightweight equals increased energy, temperature resistance equals increased efficiency, and reliability equals cost" [1]. - Breakthroughs in reusable technology require materials to withstand over 100 uses and extreme temperature ranges from -270°C to 3000°C, as well as complex space environments [1]. Group 2: Overview of Key New Materials - A total of 128 new materials have been identified as critical for commercial aerospace applications, including aluminum-lithium alloys, titanium alloys, stainless steel, high-temperature alloys, and various composite materials [3][4]. - Key materials such as carbon fiber composites are highlighted for their strength-to-weight ratio, with T700 grade carbon fiber being used in less critical components and T1100 grade for primary load-bearing structures [9][11]. Group 3: Carbon Fiber Composites - Carbon fiber composites (CFRP) are essential in commercial aerospace, accounting for 15%-20% of the manufacturing cost of medium-sized reusable rockets, with values exceeding 20 million RMB per unit. In satellite manufacturing, CFRP costs represent 12%-15% of total manufacturing costs for low Earth orbit satellites [10][11]. - The domestic market for carbon fiber is dominated by companies like Zhongjian Technology and Guangwei Composites, with a significant market share in high-strength carbon fiber applications [12][13]. Group 4: Stainless Steel as a Core Material - Stainless steel is recognized for its low cost, high temperature resistance, and strength, making it a key material for reusable rocket technology. It is used in major structural components like rocket bodies and fuel tanks, aligning with the commercial aerospace principle of "reliability equals cost" [15][16]. - The main grades of stainless steel used can withstand temperatures up to 1400°C and maintain structural stability across a wide temperature range, significantly reducing manufacturing costs compared to advanced materials like titanium alloys [15][16]. Group 5: High-Temperature Materials and Refractory Metals - High-temperature materials are critical for rocket engine technology, directly influencing thrust, efficiency, and reusability. Materials such as ceramic matrix composites and nickel-based superalloys are essential for components exposed to extreme temperatures [19][20][25]. - The domestic production of high-temperature alloys, such as GH4169, has reached over 95% localization, indicating a strong domestic supply chain for aerospace applications [26].

Investment Rating - The report maintains a positive investment rating for the chemical industry, highlighting the potential benefits from the "dual carbon" policy implementation [5]. Core Insights - The "dual carbon" policy is expected to significantly impact the chemical industry, with a focus on carbon emissions control becoming a rigid constraint during the 14th Five-Year Plan period [6][14]. - The report identifies that the attention towards "dual carbon" from provincial leaders has increased by 137% since September 2025, indicating a shift in focus towards carbon emissions as a critical performance metric [7][18]. - The chemical industry is anticipated to undergo structural changes, with high carbon intensity sectors facing supply constraints, while low-carbon leaders are expected to benefit from the transition [8][30]. Summary by Sections 1. "14th Five-Year Plan": Carbon Peak Closing Battle - Local carbon assessments may treat carbon emissions as an equally important rigid constraint [15]. - High carbon intensity sectors such as ammonia fertilizer, coal chemical, and chlorine-alkali are likely to face capacity constraints first [29][30]. 2. Petrochemical "Dual Carbon" Opportunities - The petrochemical sector is expected to undergo a transformation driven by the "dual carbon" goals, with a focus on optimizing supply and demand structures [38]. - Refining sector dynamics are shifting towards improved supply-demand balance due to stringent approval processes for new projects and the elimination of high-energy-consuming capacities [38]. 3. Basic Chemical "Dual Carbon" Opportunities - Coal chemical industry is projected to stabilize supply under carbon limits, driving quality improvements in the sector [3.1]. - Carbon fiber and fluorochemical sectors are expected to benefit from process optimization and green transitions [3.2][3.3]. 4. Investment Recommendations - The report suggests focusing on three categories of leading companies: 1. Integrated leaders in the oil chemical sector with scale and efficiency advantages [8]. 2. Coal chemical leaders with advanced processes and low emissions [8]. 3. High-quality firms in fluorochemical and carbon fiber sectors that align with "dual carbon" goals [8].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002064 | 华峰化学 | 12.88 | -5.85% | 77.45万 | 26666 | | 002427 | 尤夫股份 | 7.29 | -4.08% | 30.53万 | 2.25 Z | | 000949 | 新乡化纤 | 7.27 | -3.84% | 98.53万 | 7.16亿 | | 002254 | 泰和新材 | 13.06 | -2.25% | 25.24万 | 3.25亿 | | 000420 | 吉林化纤 | 4.82 | -1.83% | 146.85万 | 28869 | | 688295 | 中复神鹰 | 32.84 | -1.14% | 10.53万 | 3.41亿 | | 600063 | 皖维高新 | 7.03 | -1.13% | 83.08万 | 5.77亿 | | 920077 | 吉林碳谷 | 18.06 | -0.99% | 11.54万 | 2.09亿 | | 001369 | 双欣环保 | ...

| 800+ 200+ | 30+ 50.000m | | --- | --- | | 华不幸运 科研院所 | 主题论坛 展览面积 | | 2026.06.10 → 06.12 | 上海新国际博览中心 ( N1-N5 ) የ | 【DT新材料】 获悉，近日，中复神鹰、光威复材发布2025年业绩预告。 中复神鹰 公告称，2025年年度营收21.00亿元至23.00亿元，同比增加5.43亿元至7.43亿元，增长34.85%至47.69%；归属于母公司所有者的净利润 8000.00万元至1.20亿元，较上年同期增加2.04亿元至2.44亿元， 将实现扭亏为盈。 业绩变动主要原因，主要是公司通过优化产品结构， 拓展航空航天、风电、高端体育及压力容器等应用领域，实现销售收入与盈利能力的显著增长 。 同时依托规模化生产与工艺优化，有效降低了单位生产成本。 光威复材 公告称，2025年公司实现营业总收入28.59 亿元，同比增长 16.68%；归属于上市公司股东的净利润 6.01 亿元，同比下降 18.86%；扣非 后净利润 5.49 亿元，同比下降 17.87%。期末总资产 88.06 亿元，同比增长 9.09%；归母所 ...

（编辑 王雪儿） 证券日报网讯 1月28日，中复神鹰发布公告称，公司预计2025年年度实现营业收入210000.00万元至 230000.00万元，同比增长34.85%至47.69%；预计实现归属于母公司所有者的净利润为8000.00万元至 12000.00万元，将实现扭亏为盈。 ...

智通财经APP讯，中复神鹰(688295.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净 利润为8000万元至1.2亿元，与上年同期相比，将实现扭亏为盈。 报告期内，公司业绩实现扭亏为盈，主要得益于三大驱动力：一是市场端，通过优化产品结构，拓展航 空航天、风电、高端体育及压力容器等应用领域，实现销售收入与盈利能力的显著增长。二是生产端， 聚焦技术驱动的降本增效，依托规模化生产与工艺优化，有效降低了单位生产成本。三是管理端，以管 理精细化挖潜增效，实现了费用的有效控制，进一步夯实了盈利基础。 ...

每经头条（nbdtoutiao）——从极寒测试到万套装车！半固态电池今年有望搭载多款新车：各大厂商摩 拳擦掌，动力电池技术迎来迭代年 每经AI快讯，中复神鹰1月28日晚间发布业绩预告，预计公司2025年年度实现归属于母公司所有者的净 利润为8000万元至1.2亿元，与上年同期相比，预计增加约2.04亿元~2.44亿元，将实现扭亏为盈。业绩 变动主要原因是，报告期内，公司业绩实现扭亏为盈，主要得益于三大驱动力：一是市场端，通过优化 产品结构，拓展航空航天、风电、高端体育及压力容器等应用领域，实现销售收入与盈利能力的显著增 长。二是生产端，聚焦技术驱动的降本增效，依托规模化生产与工艺优化，有效降低了单位生产成本。 三是管理端，以管理精细化挖潜增效，实现了费用的有效控制，进一步夯实了盈利基础。 （记者 曾健辉） ...

（文章来源：每日经济新闻） 每经AI快讯，1月28日，中复神鹰公告称，预计2025年归属于上市公司股东的净利润为8000万元至1.2亿 元，将实现扭亏为盈。业绩变动主要原因：优化产品结构拓展航空航天、风电等应用领域；依托规模化 生产与工艺优化降本增效；精细化管理有效控制费用。 ...

Core Viewpoint - The company expects significant revenue growth in 2025, with projected annual revenue between 2.1 billion to 2.3 billion yuan, representing an increase of 543 million to 743 million yuan, or a growth rate of 34.85% to 47.69% [1] Financial Performance - The net profit attributable to the parent company is forecasted to be between 80 million to 120 million yuan, an increase of 204 million to 244 million yuan compared to the previous year, indicating a turnaround from losses to profitability [1] - The non-recurring net profit is expected to be between 55 million to 80 million yuan, an increase of 240 million to 265 million yuan year-on-year, also reflecting a shift from losses to profitability [1] Growth Drivers - The performance growth is attributed to several factors: optimization of product structure in the market, cost reduction and efficiency improvement in production, and expense control in management [1]

格隆汇1月28日丨中复神鹰(688295.SH)公布，经财务部门初步测算，预计公司2025年年度实现营业收入 21亿元至23亿元，同比增长34.85%至47.69%。预计公司2025年年度实现归属于母公司所有者的净利润 为8,000.00万元至12,000.00万元，将实现扭亏为盈。预计公司2025年年度实现归属于母公司所有者的扣 除非经常性损益的净利润为5,500.00万元至8,000.00万元，将实现扭亏为盈。 报告期内，公司业绩实现扭亏为盈，主要得益于三大驱动力：一是市场端，通过优化产品结构，拓展航 空航天、风电、高端体育及压力容器等应用领域，实现销售收入与盈利能力的显著增长。二是生产端， 聚焦技术驱动的降本增效，依托规模化生产与工艺优化，有效降低了单位生产成本。三是管理端，以管 理精细化挖潜增效，实现了费用的有效控制，进一步夯实了盈利基础。 ...