Industry Overview - Modified nylon is an engineering plastic obtained by modifying nylon with various fillers or enhancers, exhibiting excellent mechanical properties, heat resistance, and processing capabilities, widely used in automotive, electronics, and machinery manufacturing industries [1][17] - The modified nylon market in China has shown rapid growth, with the market size increasing from 4.176 billion yuan in 2017 to 10.21 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 13.62% [1][17] - The future focus of modified nylon will be on high performance and multifunctionality, including the development of new fillers and nanocomposites to enhance mechanical properties and special functions [1][17] Market Dynamics - The global modified nylon market is projected to grow from $8.999 billion in 2017 to $15.673 billion in 2024, with a CAGR of 8.25% [16] - The demand for modified nylon is driven by the increasing application in high-end markets such as electric vehicles, smart devices, and eco-friendly materials [16] Industry Development History - The modified nylon industry in China began in the 1970s, initially relying on imported technology and materials, with significant growth occurring in the 1990s due to rising demand from the automotive and electronics sectors [8][12] - By 2024, China's nylon production is expected to reach 4.59 million tons, reflecting a year-on-year growth of 6.25%, providing a solid raw material foundation for the modified nylon industry [12][14] Application Areas - Automotive components represent a significant application area for modified nylon, with the market demand closely linked to the development of China's automotive industry, which produced over 30 million vehicles in 2023 [14] - The trend towards lightweight materials in the automotive sector is creating opportunities for modified nylon in critical components such as engine parts and intake manifolds [14] Key Companies - Major companies in the modified nylon industry include Kingfa Technology, Hengshen New Materials, Shenda Co., Nanjing Julong, and others, with a market structure characterized by large enterprises dominating the high-end market and small to medium enterprises focusing on niche segments [20][22] - Kingfa Technology is noted for its focus on high-performance new materials and is expected to achieve a revenue of 32.075 billion yuan in 2024, reflecting an 18.95% year-on-year growth [23] - Hengshen New Materials specializes in nylon 6 products and is projected to have a revenue of 1.746 billion yuan in 2024, with a growth rate of 19.51% [25] Future Trends - The demand for high-performance enhanced materials is expected to grow, with key technological breakthroughs in whisker-reinforced and carbon fiber-reinforced nylon [27] - Nylon alloying is becoming a mainstream trend, optimizing mechanical properties and heat resistance through blending with other polymers [28] - The rise of nanotechnology in nylon applications is anticipated to enhance mechanical strength and thermal stability, expanding its use in precision fields [30] - The demand for environmentally friendly flame-retardant nylon is increasing, with a focus on halogen-free systems due to stricter environmental regulations [31] - Functional nylon applications are expanding, with anti-static, conductive, and magnetic properties being increasingly utilized in electronics and machinery [32] - The industry is shifting towards refined and integrated technologies, emphasizing material design and customized applications to meet downstream demands [33]

Core Viewpoint - Shanghai Pulite Composite Materials Co., Ltd. (002324.SZ) has decided to abandon a significant cross-industry project worth over 10 billion yuan, refocusing on its core business of polymer materials [1] Group 1: Project Termination - The company announced the termination of a cooperation contract with Liuyang Economic and Technological Development Zone for a 30 GWh sodium-ion and lithium-ion battery production base project, which was initially signed in June 2023 [1] - The total investment for the project was planned at 10.2 billion yuan, with three phases of construction [1] - The decision to terminate the project was influenced by changes in the macro environment of the new energy industry, and the company stated that this would not adversely affect its existing operations or performance [1] Group 2: Business Focus and Expansion - Pulite's main business involves high polymer materials and composite materials, having entered the lithium battery sector through the acquisition of Haishida for 1.141 billion yuan in August 2022 [2] - The company is now focusing on expanding its modified plastics production, with a new investment of 1 billion yuan to establish a headquarters and manufacturing base in Nansha, Guangdong [3] - The new project aims to produce modified plastics for automotive applications, with an expected annual capacity of 400,000 tons [3] Group 3: Industry Context - The lithium battery industry is facing overcapacity and significant price declines, with the average price of lithium battery packs projected to drop to $115 per kWh in 2024, a 20% decrease from 2023 [2] - The modified plastics market in China has been growing, with production expected to exceed 30 million tons in 2024, driven by demand from the automotive and home appliance sectors [4] - The human-shaped robot sector, which Pulite is targeting in its second phase of the modified plastics project, is projected to reach a market size of 8.239 billion yuan by 2025, indicating a growing opportunity in this area [7] Group 4: Financial Performance - In Q1, Pulite reported a revenue of 1.934 billion yuan, a slight decrease of 0.68% year-on-year, while net profit attributable to shareholders increased by 38.95% to 109 million yuan [7] - The company's cash flow from operating activities saw a significant increase of 308.68%, reaching 260 million yuan [7] - As of June 30, Pulite's stock price was 10.63 yuan per share, with a total market capitalization of 11.824 billion yuan [8]

Group 1 - The company plans to establish a wholly-owned subsidiary, Guangdong Pulite New Materials Co., Ltd., with a registered capital of 200 million yuan to enhance market competitiveness and accelerate strategic development [2] - The company intends to invest in the construction of a headquarters and R&D manufacturing base for modified plastic materials in Nansha, Guangdong, focusing on high-performance composite materials such as modified PP, ABS, PA, PC, PEEK, PPS, LCP, and carbon fiber reinforced materials [2] - The board of directors approved the termination of the investment project for sodium-ion and lithium-ion battery production in Liuyang, Hunan, due to changes in the macro environment and intensified competition in the lithium battery industry [2] Group 2 - The board meeting was held on June 25, 2025, with all members ensuring the accuracy and completeness of the announcement [1] - The company has a stable and mature market in Guangdong, with quality upstream and downstream resources, making it an ideal location for the South China market [1] - A second temporary shareholders' meeting is scheduled for July 17, 2025, to review the board's resolutions [2]

Core Viewpoint - The article discusses the investment and expansion plans of Prit in the field of modified plastics and new materials, particularly focusing on the establishment of a headquarters and R&D manufacturing base in Guangzhou's Nansha District, with a total investment of 1 billion yuan and an expected annual production capacity of 400,000 tons [2][3]. Group 1: Investment and Expansion Plans - Prit signed an investment cooperation agreement to build a headquarters and R&D manufacturing base in Nansha District, Guangzhou, with a total investment of 1 billion yuan [2]. - The project will be constructed in two phases, with the first phase focusing on automotive modified plastic products and the second phase targeting high-end new materials for emerging fields such as low-altitude economy and humanoid robots [2][3]. Group 2: Production Capacity and Facilities - Prit currently has 11 new material production bases globally, with 5 under construction, expected to reach an annual production capacity of 710,000 tons, including 480,000 tons for modified materials [3]. - New facilities include a Tianjin plant (expected to be operational by the end of 2025 with an additional capacity of 150,000 tons/year), a Wuhan plant (set to start production in September 2024), and a Thailand plant (scheduled for April 2025, focusing on high-performance modified materials) [3]. Group 3: Focus on Special Materials - In the special materials sector, Prit has a production capacity of 4,000 tons/year for LCP resin polymerization, 5,000 tons/year for LCP blending modification, and 3 million square meters/year for LCP films [4]. - The company is strategically positioning itself in emerging markets such as robotics and low-altitude flight, focusing on special engineering materials and carbon fiber composites [4]. Group 4: Applications in Emerging Fields - The new materials in the second phase, including PEEK, PPS, LCP, and carbon fiber reinforced materials, have significant application potential in humanoid robots [3][4]. - Prit is actively collaborating with downstream customers for product validation, with some products already in small-scale supply [4]. Group 5: Competitive Landscape - Other modified plastic companies, such as Jinfat Technology, are also entering the humanoid robot sector, providing material solutions for various components [5]. - The article highlights the importance of materials like PEEK, PPS, LCP, and carbon fiber reinforced materials in the construction of robotic joints, gears, and other critical components [6]. Group 6: Future Development Strategy - By 2025, Prit plans to implement a dual-track development strategy in the new materials sector, optimizing product structure and increasing R&D efforts to meet the demands of emerging fields such as new energy vehicles, low-altitude economy, and robotics [10]. - The company aims to accelerate the development and market promotion of high-performance materials like LCP for applications in 5G communication and electronics [10].

Company Announcements - Jihua Group's existing product system does not involve brain-computer interface related fields [1] - Prit's plan to invest 1 billion yuan to build a plastic modification materials headquarters and R&D manufacturing base in South China [1][2] - Lian De Equipment won a contract worth 157 million yuan for BOE's 8.6 generation AMOLED production line project [1][2] - Jiadu Technology plans to issue shares (H-shares) overseas and list on the Hong Kong Stock Exchange [1][2] - Longdi Group intends to acquire no more than 20.1667% equity in Jujia Technology [1][4] - New Zhonggang plans to repurchase shares worth 40 million to 80 million yuan [1][4] - Xiaogoods City expects a net profit increase of 12.57% to 17.40% in the first half of the year [1][4] - Sinopec Capital plans to reduce its holdings by no more than 3.5256 million shares in Haizheng Materials through block trading [1][4] - Lihua Co., Ltd. intends to reduce its holdings by no more than 3.00% [1][4] - Zhimin Da plans to raise no more than 213 million yuan through a private placement [1][5] - Xiangtong Co. plans to issue corporate bonds not exceeding 4 billion yuan [1][5] Performance Forecasts - Hanyu Pharmaceutical expects a half-year profit of 142 million to 162 million yuan, turning a profit compared to the previous year [4] - Taotao Automotive anticipates a net profit increase of 70.34% to 97.81% in the first half of the year [4] - Weichai Heavy Machinery expects a net profit increase of 40% to 60% in the first half of the year [4] Shareholding Changes - Lihua Co., Ltd.'s actual controller Cheng Lili and his concerted actors plan to reduce their holdings by no more than 3.00% [4] - He Shi Eye Hospital's Advanced Manufacturing Fund plans to reduce its holdings by no more than 2% [4] - Haitan Ruisheng's shareholder He Lin and his concerted actors plan to reduce their holdings by no more than 2.9463% [4] - Sinopec Capital plans to reduce its holdings by no more than 3.5256 million shares in Haizheng Materials [4] Other Announcements - Zhimin Da plans to raise no more than 213 million yuan through a private placement [5] - Yuyuan Co. plans to issue corporate bonds not exceeding 40 billion yuan [5] - Jinhongshun has terminated the planning of a major asset restructuring [5]

证券代码：002324 证券简称：普利特 公告编号：2025-041 上海普利特复合材料股份有限公司 关于项目投资进展的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 重要内容提示： 上海普利特复合材料股份有限公司（以下简称"普利特"或"公司"）控股 子公司江苏海四达电源有限公司（以下简称"海四达"）与浏阳经济技术开发区 管理委员会（以下简称"浏阳经开区"）于2025年6月签订《招商项目合作合同 终止合同》。由于近年来，新能源行业宏观环境发生变化，经双方协商一致同意 终止上述项目投资事宜。 一、 投资概述 特此公告。 1. 本项目投资基本情况 公司控股子公司海四达与浏阳经开区于2023年6月签订了《招商项目合作合 同》，计划在湖南浏阳投资建设钠离子及锂离子电池与系统生产基地项目。具体 情况详见公司于2023年6月1日披露的公告，公告编号：2023-052。 截止本公告日，项目公司湖南海四达新能源科技有限公司已通过挂牌出让的 方式取得项目浏阳市124号土地使用权，项目未开展实质性建设。 二、 终止项目投资的情况 基于新能源行业宏观环境变化等多种原因，公司经审 ...

证券代码：002324 证券简称：普利特 公告编号： 2025-040 上海普利特复合材料股份有限公司 关于公司签署投资合作协议并设立全资子公司的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 重要内容提示： （1）上海普利特复合材料股份有限公司（以下简称"普利特"或"公司"）与广州南 沙经济技术开发区投资促进局（以下合称"双方"）签订《项目投资协议》（以下简称"协 议"或"本协议"）。双方就普利特在广州市南沙区投资普利特塑料改性材料华南总部及研 发制造基地项目（以下简称"项目"或"本项目"）相关条款达成一致。 （2）项目分两期开发建设，项目一期生产含改性聚丙烯（PP）、聚酰胺（PA）、丙烯 腈-丁二烯-苯乙烯塑料（ABS）和聚碳酸酯（PC）合金类的塑料改性等汽车线改性塑料产品， 项目二期生产改性聚醚醚酮（PEEK）、改性聚苯硫醚（PPS）、液晶聚合物（LCP）和碳纤维 增强材料等应用于低空经济产业链、人形机器人等非汽车线的改性塑料产品。 （3）项目投入建设后，受宏观经济、行业政策、市场环境变化等多方面因素的影响， 可能存在如未能按期建设完成、或运营过程中 ...

证券代码：002324 证券简称：普利特 公告编号：2025-042 上海普利特复合材料股份有限公司 关于召开 2025 年第二次临时股东会的通知公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 一、会议的基本情况 1、股东会届次：本次股东会是 2025 年第二次临时股东会。 2、股东会的召集人：公司董事会。 3、会议召开的合法、合规性：公司于 2025 年 6 月 30 日召开了第六届董事 会第四十次会议，会议决定于 2025 年 7 月 17 日召开公司 2025 年第二次临时股 东会。本次股东会会议召开符合有关法律、行政法规、部门规章、规范性文件和 公司章程的规定。会议召开的日期、时间： （1）现场会议时间：2025 年 7 月 17 日（星期四）14:30； （2）网络投票时间：2025 年 7 月 17 日（星期四） 其中，①通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 7 月 17 日上午 9:15—9:25、9:30—11:30，下午 13:00-15:00；②通过深圳证 券交易所互联网投票系统进行网络投票的具体时间为：20 ...

证券代码：002324 证券简称：普利特 公告编号： 2025-039 上海普利特复合材料股份有限公司 第六届董事会第四十次会议决议公告 2、本次董事会于2025年6月30日在上海市青浦工业园区新业路558号本公司会议室， 以现场与通讯表决方式召开。 3、本次董事会应到董事7名，实到董事7名。 4、董事长周文先生主持本次董事会。 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性陈述或 者重大遗漏。 一、董事会会议召开情况 1、上海普利特复合材料股份有限公司（下文简称"公司"）第六届董事会第四十 次会议的会议通知于2025年6月25日以通讯方式发出。 公司在广东拥有稳定且成熟的市场以及优质的上下游资源，基于南沙区便利的地理 交通位置，是辐射华南市场的优选地点。公司与广州南沙经济技术开发区投资促进局本 着平等、自愿的原则，就普利特塑料改性材料华南总部及研发制造基地项目拟签署《项 目投资协议》。 二、董事会会议审议情况 与会各位董事对本次董事会会议议案进行了认真审议，以现场与通讯表决方式进行 了表决，通过了以下决议： 1、审议通过《关于公司签署投资合作协议并设立全资子公司的议案》 5、本次 ...

Group 1 - The company, Prit, announced an investment of 1 billion yuan to establish a headquarters and R&D manufacturing base for modified plastic materials in Nansha District, Guangzhou [1] - The project is expected to have an annual production capacity of 400,000 tons [1]