证券代码：002206 证券简称：海利得 公告编号：2025-064 浙江海利得新材料股份有限公司 董事会薪酬与考核委员会关于 2025 年限制性股票激励计划中 （3）公示结果：公示期间，未收到针对上述激励对象名单提出的任何异议。 2、董事会薪酬与考核委员会对激励对象的核查情况 激励对象名单的公示情况说明及核查意见 本公司及全体董事会成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 浙江海利得新材料股份有限公司（以下简称"公司"）于第九届董事会第三次会议 审议通过了《关于公司2025年限制性股票激励计划（草案）及其摘要的议案》。根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"） 等有关法律、法规及规范性文件的规定，公司对2025年限制性股票激励计划（以下简称 "本次激励计划"）的激励对象名单和职务在公司内部进行了公示。公司董事会薪酬与 考核委员会结合公示情况对本次激励计划的激励对象名单进行了核查，相关公示情况及 核查意见如下： 一、 激励对象名单的公示及核查情况 ...

Core Viewpoint - The company, Zhejiang Hailide New Materials Co., Ltd., is experiencing growth in revenue and profit, with a significant portion of its business benefiting from international trade and currency depreciation. Company Overview - Zhejiang Hailide New Materials Co., Ltd. is located in Haining, Zhejiang Province, and was established on May 21, 2001, with its stock listed on January 23, 2008. The company specializes in the research, development, production, and sales of polyester industrial filaments, light box advertising materials, and curtain fabrics [7] - The main business revenue composition includes: chemical fiber manufacturing 57.05%, other textile industries 32.18%, rubber and plastic products 9.64%, and others 1.13% [7] - As of August 29, the number of shareholders is 35,000, a decrease of 10.26% from the previous period, with an average of 24,715 circulating shares per person, an increase of 11.43% [7] Financial Performance - For the first half of 2025, the company achieved operating revenue of 2.921 billion yuan, a year-on-year increase of 1.55%, and a net profit attributable to shareholders of 296 million yuan, a year-on-year increase of 56.16% [7] - The company has distributed a total of 2.608 billion yuan in dividends since its A-share listing, with 553 million yuan distributed in the last three years [8] Market Activity - On September 10, the stock price increased by 0.16%, with a trading volume of 199 million yuan and a turnover rate of 3.60%, bringing the total market capitalization to 7.392 billion yuan [1] - The stock has seen a net inflow of 9.2785 million yuan today, accounting for 0.05% of the total, with no significant trend in major funds [4] Product Development and Trade - The company is currently in the research and sample testing phase for PEEK fibers, which are expected to have applications in marine equipment and other industries [2] - The company has established trade relations with Russia, the UAE, and Belarus, benefiting from the depreciation of the yuan, with overseas revenue accounting for 63.34% of total revenue according to the 2024 annual report [3][6] Technical Analysis - The average trading cost of the stock is 6.03 yuan, with the stock price approaching a resistance level of 6.52 yuan, indicating potential for a price correction if this level is not surpassed [6]

Investment Rating - The report maintains an "Outperform" rating for the company [2][8] Core Insights - The company has shown steady growth in its main business, with improving profitability in industrial yarns and ongoing advancements in new materials [8] - The financial performance for the first half of 2025 includes total revenue of 2.92 billion yuan, a year-on-year increase of 1.55%, and a net profit attributable to shareholders of 296 million yuan, reflecting a significant year-on-year growth of 56.2% [8] - The company is expanding its production capacity in Vietnam, which is expected to double its output, enhancing its competitive edge in the international market [8] Financial Data and Profit Forecast - Total revenue projections for 2025 are estimated at 6.12 billion yuan, with a year-on-year growth rate of 3.7% [7] - The net profit attributable to shareholders is forecasted to be 521 million yuan in 2025, representing a year-on-year increase of 26.8% [7] - The gross profit margin is expected to be 18.9% in 2025, with a return on equity (ROE) of 12.1% [7] Business Performance - The industrial yarn segment reported revenue of approximately 1.468 billion yuan in the first half of 2025, a year-on-year increase of 11.3%, driven by differentiated product positioning and tax advantages from the Vietnam base [8] - The curtain fabric segment generated revenue of about 621 million yuan, with a year-on-year decline of 4.6%, but the gross margin improved to 25.1% [8] - The company is actively developing new environmentally friendly products, with ongoing projects in high-performance fibers [8] Future Outlook - The company has announced a stock incentive plan for 2025, aiming to motivate employees and align their interests with the company's performance [8] - The profit forecast for 2025-2027 has been adjusted upwards, with expected net profits of approximately 5.2 billion, 5.5 billion, and 6.0 billion yuan respectively [8]

Core Viewpoint - The stock price of Hailide is experiencing fluctuations, with a recent decline of 2.14% and a year-to-date increase of 55.29% [1][2]. Company Overview - Hailide, established on May 21, 2001, and listed on January 23, 2008, is located in Haining, Zhejiang Province. The company specializes in the research, development, production, and sales of polyester industrial filaments, light box cloth, PVC film, and geotextiles [2]. - The main business revenue composition includes: chemical fiber manufacturing 57.05%, other textile industries 32.18%, rubber and plastic products 9.64%, and others 1.13% [2]. Financial Performance - For the first half of 2025, Hailide achieved an operating income of 2.921 billion yuan, representing a year-on-year growth of 1.55%. The net profit attributable to shareholders was 296 million yuan, showing a significant increase of 56.16% [2]. - Cumulatively, Hailide has distributed 2.608 billion yuan in dividends since its A-share listing, with 553 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Hailide had 35,000 shareholders, a decrease of 10.26% from the previous period. The average circulating shares per person increased by 11.43% to 24,715 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 10.6293 million shares, and new entrants such as招商量化精选股票发起式A and 交银趋势混合A [3]. Market Activity - On September 9, Hailide's stock price was 6.39 yuan per share, with a trading volume of 25.9619 million yuan and a turnover rate of 0.47%. The total market capitalization stood at 7.427 billion yuan [1]. - The net inflow of main funds was 1.5056 million yuan, with significant buying activity from large orders [1].

Core Viewpoint - The stock of Zhejiang Hailide New Materials Co., Ltd. has seen a rise of 5.29%, reaching a price of 6.57 CNY per share, with a trading volume of 183 million CNY and a turnover rate of 3.31%, resulting in a total market capitalization of 7.636 billion CNY [1] Company Overview - Zhejiang Hailide New Materials Co., Ltd. was established on May 21, 2001, and went public on January 23, 2008. The company is located in the Maqiao Town Economic and Technological Development Zone in Haining, Zhejiang Province [1] - The main business activities include the research, development, production, and sales of polyester industrial filaments, light box cloth, PVC film, and geotextiles, as well as the research and production of mesh fabrics [1] - The revenue composition of the company is as follows: chemical fiber manufacturing accounts for 57.05%, other textile industries 32.18%, rubber and plastic products 9.64%, and others 1.13% [1] Fund Holdings - According to data from the top ten heavy stocks of funds, one fund under Invesco Great Wall has a significant holding in Hailide. The Invesco Great Wall CSI 2000 Index Enhanced A (019013) held 85,700 shares in the second quarter, accounting for 0.51% of the fund's net value, ranking as the ninth largest heavy stock [2] - The fund was established on September 5, 2023, with a latest scale of 8.1886 million CNY. Year-to-date returns are 34.48%, ranking 919 out of 4223 in its category; the one-year return is 76.74%, ranking 759 out of 3796; and since inception, the return is 43.14% [2]

Group 1 - The company HaiLiDe (002206) is currently in the sample submission phase for PEEK fibers [1] - LCP fibers are in the small batch sales phase [1] - The second phase of the industrial silk and supporting polyester project in Vietnam is in the business negotiation stage [1]

证券日报网讯 海利得（002206）9月4日在互动平台回答投资者提问时表示，公司光伏反射膜产品目前 客户认证和新项目洽谈的机会逐渐增多，正逐步放量中。在市场拓展方面，包括沙特在内的中东地区是 公司光伏膜业务重点开拓区域，目前反射膜业务正在积极洽谈中，公司将持续加大该市场的开拓力度。 ...

Core Viewpoint - The company reported a significant increase in net profit for the first half of 2025, indicating strong financial performance and growth potential in its operations, particularly in Vietnam and the differentiated polyester industrial yarn sector [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 2.921 billion yuan, a year-on-year increase of 1.55%, and a net profit attributable to shareholders of 296 million yuan, up 56.16% year-on-year [1]. - For Q2 2025, the company reported operating revenue of 1.468 billion yuan, a year-on-year decrease of 1.85% but a quarter-on-quarter increase of 1.06%, with a net profit of 156 million yuan, reflecting a year-on-year growth of 36.14% and a quarter-on-quarter increase of 12% [1]. Growth Drivers - The revenue from the Vietnam base increased by 196% year-on-year, driven by the successful operation of the differentiated polyester industrial filament project and favorable tax policies [2]. - The company’s products have seen a rise in differentiation rates, and a green sustainable product matrix has been established, with commercial supply of recycled industrial yarns [2]. - The company is expanding its production capacity in Vietnam, with plans for new projects that are expected to generate significant revenue and profit upon completion [2]. Industry Trends - The polyester industrial yarn industry is experiencing improved gross margins for standard yarns, with a reported gross profit of 624 yuan per ton, an increase of 762 yuan year-on-year [3]. - The demand for automotive yarns is strong, driven by the growth of the electric vehicle market and inventory replenishment needs from overseas tire manufacturers [3]. Research and Development - The company is advancing in new materials technology, including breakthroughs in PPS, LCP, PEEK, PLA, and RAYON fibers, positioning itself as a provider of integrated high-tech solutions [3][4]. - The research institute has made progress in core technologies and industrialization, with plans for customized product development in response to industry needs [3]. Investment Outlook - The company is projected to achieve revenues of 5.907 billion yuan, 6.119 billion yuan, and 6.414 billion yuan from 2025 to 2027, with corresponding net profits of 595 million yuan, 650 million yuan, and 706 million yuan, indicating strong growth potential [5]. - The earnings per share (EPS) are expected to be 0.51 yuan, 0.56 yuan, and 0.61 yuan, with a price-to-earnings (PE) ratio of 12.33, 11.30, and 10.40 times, respectively [5].

Investment Rating - The report upgrades the investment rating of the company to "Buy-B" [1][7] Core Views - The company achieved a net profit growth of 56% year-on-year in the first half of 2025, with total revenue reaching 2.921 billion yuan, an increase of 1.55% [1] - The revenue from the Vietnam base grew by 196% year-on-year, indicating strong performance and growth potential in the new materials sector [1][3] - The company is transitioning towards becoming a platform-type new materials enterprise, with significant advancements in product technology and commercialization [5][6] Financial Performance - In the first half of 2025, the company reported a revenue of 2.921 billion yuan and a net profit of 296 million yuan [1] - For Q2 2025, the company achieved a revenue of 1.468 billion yuan, a decrease of 1.85% year-on-year, but a net profit of 156 million yuan, reflecting a year-on-year increase of 36.14% [1] - The company forecasts revenues of 5.907 billion yuan, 6.119 billion yuan, and 6.414 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 595 million yuan, 650 million yuan, and 706 million yuan [7][9] Market Data - As of September 1, 2025, the closing price of the company's stock was 6.14 yuan, with a market capitalization of 7.136 billion yuan [3] - The company has a basic earnings per share (EPS) of 0.26 yuan and a diluted EPS of 0.26 yuan [3][4] Industry Insights - The polyester industrial yarn industry is experiencing improved gross margins, with the average gross profit per ton of ordinary yarn increasing by 762 yuan year-on-year [4] - The demand for automotive yarns is strong, driven by the rapid growth of the new energy vehicle market and the replenishment needs of overseas tire manufacturers [4]

Investment Rating - The report maintains a "Buy" rating for key companies such as Shengquan Group and Hailide. Both companies are expected to benefit from their respective market positions and macroeconomic factors [3]. Core Insights - The report emphasizes the strong performance of Shengquan Group, a major domestic supplier of electronic resins for AI servers, which is expected to see a sequential increase in performance due to rising server shipments [1][3]. - Hailide, a leading company in the polyester industrial yarn sector, is highlighted for its advantages stemming from the US tariff conflicts, which are expected to enhance its profitability [1]. - The report notes that the export window for phosphate fertilizers has opened, with high demand anticipated to continue, benefiting large phosphate chemical companies like Yuntianhua [1]. Summary by Sections Chemical Industry Overview - The chemical sector index closed at 4064.30 points, up 1.11% from the previous week, underperforming the CSI 300 index by 1.60% [9]. - Key chemical products such as acrylic acid methyl ester and NYMEX natural gas saw significant price increases, with the former rising by 8% [17][18]. Key Chemical Sub-sectors - **Polyester Filament**: Prices have slightly increased, with POY averaging 6865 CNY/ton, up 80 CNY/ton from the previous week. The market remains cautious due to slow demand recovery [20][21]. - **Tire Industry**: The operating rate for the full steel tire sector is at 64.89%, showing a slight decrease, while raw material prices are experiencing fluctuations [32][37]. Fertilizer Sector - The report indicates that phosphate fertilizer exports are expected to alleviate domestic overcapacity issues, with the first batch of exports scheduled for peak periods from May to September [1]. Company Profit Forecasts - Shengquan Group is projected to have an EPS of 1.53 CNY in 2025, with a PE ratio of 22, while Hailide is expected to have an EPS of 0.37 CNY with a PE of 17 [3].