证券简称：国风新材 证券代码：000859 编号：2026-002 安徽国风新材料股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、本期业绩预计情况 1．业绩预告期间：2025 年 1 月 1 日-2025 年 12 月 31 日 二、与会计师事务所沟通情况 本次业绩预告未经过会计师事务所审计。 三、业绩变动原因说明 报告期内，公司主导产业薄膜行业产能保持增长，供需失衡未有 好转，仍处于行业周期低谷；新生产线在投产初期产能处于爬坡阶段， 单位生产成本相对较高，结构有待优化，公司经营继续承压，未能扭 转亏损状态。 报告期内，公司紧密关注市场动向，持续加大研发投入，着力推 进新产品开发与产品结构优化；持续提升管理水平，深化精益生产管 四、风险提示 本次业绩预告是公司财务部门初步测算的结果，具体财务数据以 公司披露的 2025 年度报告为准，敬请广大投资者注意投资风险。 五、其他相关说明 公司指定的信息披露媒体为《证券时报》和巨潮资讯网 （www.cninfo.com.cn）。本公司将严格按照有关法律法规的规定及 时做好信息披 ...

Core Viewpoint - The article discusses the rapid growth and investment opportunities in the advanced packaging materials sector, highlighting the potential for domestic companies to replace foreign imports in critical areas of technology [7][8]. Market Overview - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific segments such as conductive adhesives are forecasted to reach $3 billion by 2026, while chip bonding materials are estimated to grow from approximately $4.85 billion in 2023 to $6.84 billion by 2029 [8]. Competitive Landscape - Key foreign players in the advanced packaging materials market include Fujifilm, Toray, and Dow, while domestic companies such as 鼎龙股份 (Dinglong Co.), 国风新材 (Guofeng New Materials), and 三月科 (Sanyue Technology) are emerging as significant competitors [8]. - The article lists various advanced packaging materials and their respective market sizes, indicating a competitive landscape where domestic firms are increasingly gaining market share [8]. Investment Strategies - Different investment stages in the new materials industry are outlined, emphasizing the importance of team assessment, industry analysis, and market entry strategies at each phase [10]. - The article suggests that the A-round financing stage presents lower risks and higher returns, as companies at this stage typically have established sales channels and are experiencing rapid growth [10]. Future Trends - The article identifies 14 critical advanced packaging materials that are essential for the semiconductor industry, indicating a significant opportunity for investment and development in these areas [7][8]. - The anticipated growth in the new materials sector is driven by technological advancements and the need for domestic alternatives to imported materials, particularly in high-tech industries [7][8].

证券之星消息，1月13日塑料板块较上一交易日下跌3.01%，瑞华泰领跌。当日上证指数报收于4138.76， 下跌0.64%。深证成指报收于14169.4，下跌1.37%。塑料板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 001255 博菲电气 | | 8455.74万 | 45.40% | -5229.15万 | -28.08% | -3226.59万 | -17.33% | | 000973 佛塑科技 | | 3338.29万 | 4.21% | -1275.44万 | -1.61% | -2062.85万 | -2.60% | | 001359 | 平安电工 | 2974.51万 | 12.98% | -31.69万 | -0.14% | -2942.82万 | -12.84% | | 601026 道生天合 | | 2928.08万 | 9.47% | -66.15万 | -0.21% | ...

Industry Investment Rating - The industry investment rating is "Outperform" and is maintained [2] Core Views - The basic chemical industry index closed at 4569.80 points, up 4.21% from last week, outperforming the CSI 300 index by 2.35% [17] - Among the 25 sub-industries in the chemical sector, all showed gains, with inorganic salts, modified plastics, synthetic resins, and chlor-alkali leading the way with weekly increases of 10.92%, 9.94%, 7.87%, and 7.60% respectively [18][19] - A total of 462 stocks in the chemical sector saw 400 stocks rise (87%) and 57 stocks fall (12%) during the week [21] Summary by Relevant Sections Weekly Chemical Market Overview - The basic chemical industry index rose to 4569.80 points, marking a 4.21% increase compared to the previous week, and outperformed the CSI 300 index by 2.35% [17] - The weekly performance of 25 sub-industries showed no declines, with significant gains in inorganic salts and modified plastics [18][19] Chemical Product Price Trends - Among 380 tracked chemical products, 89 saw price increases while 70 experienced declines [24] - The top ten products with the highest price increases included lithium manganate and lithium battery electrolytes, with increases ranging from 7% to 22% [25] - Conversely, the top ten products with the largest price declines included vitamin VD3 and lithium hexafluorophosphate, with declines ranging from 4% to 13% [26] Key Chemical Sub-Industry Tracking - The polyester filament market remained stable, with average prices for POY, FDY, and DTY showing slight declines [27] - The average industry operating rate for polyester filament was approximately 88.11%, with some facilities undergoing maintenance [28] - The average processing margin for polyester products indicated a slight improvement in profitability compared to the previous week [29] Tire Industry Insights - The operating rates for the full steel tire industry decreased to 55.50%, while the semi-steel tire industry dropped to 63.78% [38] - Export volumes from major tire companies in Southeast Asia showed significant year-on-year declines [39] - The average price of styrene-butadiene rubber increased by approximately 2.45% during the week [40] Refrigerant Market Overview - The R22 refrigerant market remained weak, with prices stabilizing at low levels due to cautious market sentiment [47] - In contrast, the R134a refrigerant market continued to rise, with major producers increasing prices amid tight supply conditions [48]

Core Viewpoint - The article discusses the rapid growth and investment opportunities in the advanced packaging materials sector, highlighting the potential for domestic companies to replace foreign imports in critical areas of technology [7][8]. Market Overview - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific materials such as PSPI, epoxy resin, and conductive adhesives are identified as key growth areas, with significant market sizes and growth rates anticipated [8]. Investment Opportunities - The article outlines various advanced packaging materials and their respective market sizes, including: - PSPI: $528 million in 2023, expected to grow significantly [8]. - Conductive adhesives: projected to reach $3 billion by 2026 [8]. - Chip bonding materials: expected to grow from approximately $485 million in 2023 to $684 million by 2029 [8]. - The investment landscape is characterized by a shift towards domestic production, with numerous Chinese companies emerging as competitors to established foreign firms [7][8]. Industry Trends - The article emphasizes the trend of domestic substitution in advanced materials, particularly in sectors heavily reliant on imports from countries like Japan [7][8]. - It highlights the importance of innovation and collaboration among domestic companies to enhance competitiveness in the global market [21]. Strategic Insights - Different investment stages in the new materials industry are discussed, with a focus on the varying risk levels and investment strategies appropriate for each stage, from seed funding to pre-IPO [10]. - The article suggests that the current market conditions present a favorable environment for investment in advanced materials, particularly for companies that can demonstrate strong growth potential and market positioning [10].

Core Viewpoint - The article discusses the rapid growth and investment opportunities in the advanced packaging materials sector, highlighting the potential for domestic companies to replace foreign imports in critical areas of technology [7][8]. Market Overview - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific materials such as PSPI and Al-X photoresist are highlighted, with PSPI's market size in China estimated at 7.12 billion yuan in 2023 [8]. Investment Opportunities - The article identifies 14 key advanced packaging materials that are critical for the semiconductor industry, emphasizing the potential for domestic companies to capture market share from established foreign competitors [7][8]. - Companies like 鼎龙股份, 国风新材, and 三月科 are mentioned as potential leaders in the domestic market for advanced packaging materials [8]. Growth Projections - The market for conductive adhesives is expected to reach 3 billion yuan by 2026, while the chip bonding materials market is projected to grow from approximately $4.85 billion in 2023 to $6.84 billion by 2029 [8]. - The epoxy encapsulation materials market is anticipated to grow to $9.9 billion by 2027, indicating strong demand in the electronics sector [8]. Competitive Landscape - The article outlines the competitive landscape, noting that foreign companies like Fujifilm, Toray, and Dow currently dominate the market, but domestic firms are rapidly advancing [8]. - The need for innovation and investment in R&D is emphasized for domestic companies to successfully compete against established international players [8].

Core Viewpoint - The article discusses the rapid growth and investment opportunities in the advanced packaging materials sector, highlighting the potential for domestic companies to replace foreign imports in critical areas of technology [7][8]. Market Overview - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific materials such as PSPI, epoxy resin, and conductive adhesives are identified as key growth areas, with significant market sizes and growth rates anticipated [8]. Investment Opportunities - The article outlines various advanced packaging materials and their respective market sizes, including: - PSPI: $528 million in 2023, expected to grow significantly [8]. - Conductive adhesives: projected to reach $3 billion by 2026 [8]. - Chip bonding materials: expected to grow from approximately $485 million in 2023 to $684 million by 2029 [8]. - The investment landscape is characterized by a shift towards domestic production, with numerous Chinese companies emerging as competitors to established foreign firms [7][8]. Industry Trends - The article emphasizes the trend of domestic substitution in advanced materials, particularly in sectors heavily reliant on imports from countries like Japan [7][8]. - It highlights the importance of innovation and collaboration among domestic companies to achieve breakthroughs in material science and technology [21]. Strategic Insights - Different investment stages in the new materials industry are discussed, with a focus on the varying levels of risk and investment strategies appropriate for each stage, from seed funding to pre-IPO [10]. - The article suggests that companies at the A-round stage, which have established sales channels and are experiencing rapid growth, present lower investment risks and higher potential returns [10].

Core Viewpoint - The article discusses the rapid growth and investment opportunities in the advanced packaging materials sector, highlighting the potential for domestic companies to replace foreign imports in critical areas of technology [7][8]. Group 1: Market Size and Growth Projections - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific materials such as Al-X photoresist are forecasted to grow from $2.64 billion in 2022 to $5.93 billion in 2028 [8]. - The conductive adhesive market is anticipated to reach $3 billion by 2026, indicating significant growth potential [8]. Group 2: Key Players and Competitive Landscape - Major international players in the advanced packaging materials market include Fujifilm, Toray, and Dow, while domestic companies such as Dinglong Co., Guofeng New Materials, and SanYue Technology are emerging as strong competitors [8]. - The article lists various domestic companies involved in different segments of the advanced packaging materials market, indicating a robust competitive landscape [8]. Group 3: Investment Strategies - Investment strategies vary by stage, with early-stage companies requiring thorough team and industry assessments due to high risks [10]. - As companies mature, the focus shifts to evaluating sales growth and market share, with later stages presenting lower risks and higher potential returns [10]. - The article emphasizes the importance of understanding the industry landscape and the specific needs of companies at different development stages for effective investment [10].

Core Viewpoint - The flexible polyimide (PI) film is gaining significant market attention as a key polymer material in high-tech industries such as brain-computer interfaces, semiconductor materials, and advanced packaging, driven by its excellent properties and expanding applications [2][3]. Group 1: Market Overview - PI film, a new type of high-temperature resistant polymer film, is produced from PAA solution and has excellent mechanical, dielectric, and chemical stability, making it crucial for the acceleration of domestic production processes [2]. - The global PI film market was approximately $2.4 billion in 2022 and is projected to reach $4.5 billion by 2032, indicating a strong growth trajectory [4][5]. Group 2: Applications and Innovations - PI film is increasingly used in flexible sensors and electronic skin due to its lightweight and biocompatibility, playing a critical role as an insulating layer in flexible electrodes for brain-computer interfaces [3]. - In the flexible display sector, transparent PI (CPI) film has replaced traditional glass substrates, becoming the mainstream material for high-end display optical covers and substrates, particularly in foldable smartphones and flexible OLEDs [3]. - The film's properties, such as high-temperature resistance and solvent resistance, have made it a preferred choice for flexible perovskite solar cell packaging [3]. Group 3: Industry Players and Developments - Companies like Oke Technology and its subsidiary Jiangxi Youze New Materials are focusing on PI film production, which is essential for flexible printed circuit boards (FPC) and is a core material for flexible copper-clad laminates (FCCL) [5][6]. - Domestic manufacturers, including Ruihua Tai, Times New Materials, and Guofeng New Materials, are enhancing their competitiveness in the PI film market, with Guofeng collaborating with the University of Science and Technology of China to develop new PI materials [6]. - The advancements in domestic PI film production technology and capacity expansion are helping to break foreign monopolies, supporting the self-sufficiency of China's high-tech industries [6].

Core Viewpoint - The A-share market's photolithography machine sector showed strong performance on January 8, with several companies experiencing significant stock price increases [1]. Group 1: Stock Performance - Tongcheng New Material and Pulite both reached the daily limit increase of 10% [1]. - Woge Optoelectronics and Huate Gas saw increases of over 6%, while Aerospace Intelligent Manufacturing rose over 5% [1]. - Other companies such as Changqing Technology, Guofeng New Material, Antai Technology, and Jushi Chemical experienced increases of over 4%, with Nanda Optoelectronics rising over 3% [1]. Group 2: Company Data - Tongcheng New Material (603650) had a market cap of 35 billion and a year-to-date increase of 28.52% [2]. - Pulite (002324) had a market cap of 26.1 billion and a year-to-date increase of 46.47% [2]. - Woge Optoelectronics (603773) had a market cap of 8.299 billion and a year-to-date increase of 4.41% [2]. - Huate Gas (688268) had a market cap of 8.479 billion and a year-to-date increase of 22.81% [2]. - Aerospace Intelligent Manufacturing (300446) had a market cap of 23.7 billion and a year-to-date increase of 10.50% [2]. - Changqing Technology (603125) had a market cap of 7.951 billion and a year-to-date increase of 16.35% [2]. - Guofeng New Material (000859) had a market cap of 11.6 billion and a year-to-date increase of 28.16% [2]. - Antai Technology (000969) had a market cap of 24.6 billion and a year-to-date increase of 11.38% [2]. - Jushi Chemical (688669) had a market cap of 3.153 billion and a year-to-date increase of 11.83% [2]. - Chip Source Micro (688037) had a market cap of 39.9 billion and a year-to-date increase of 33.32% [2]. - Nanda Optoelectronics (300346) had a market cap of 39.5 billion and a year-to-date increase of 33.38% [2]. - Kema Technology (301611) had a market cap of 49.2 billion and a year-to-date increase of 31.52% [2].