Core Viewpoint - The epoxy resin diluent industry is facing strict environmental and safety approvals for new capacity or expansions, and the processes and equipment involved are relatively complex. Currently, there are no expansion plans in place for the company [1]. Industry Summary - The epoxy resin diluent industry is experiencing stringent regulations regarding environmental and safety approvals for any new production capacity or expansions [1]. - The complexity of the processes and equipment in the industry contributes to the challenges in expanding production capabilities [1]. - As of now, the company has no plans for capacity expansion [1].

Group 1: Company Overview - Kangda New Materials Group focuses on adhesive and specialty resin materials, as well as electronic information materials and electronic technology [2] - The company’s subsidiary, Dalian Qihua New Materials Co., has an epoxy resin diluent production capacity of 4,000 tons per year (single shift) [2] Group 2: Production and Supply - The demand for epoxy resin diluents has increased significantly due to a substantial rise in sales of wind power epoxy structural adhesives and infusion resin products in 2025 [2] - Currently, the supply of epoxy resin diluents comes from both internal production and external procurement, with plans to increase the internal supply ratio in the future [2] Group 3: Market Position and Sales Performance - Kangda is a leading supplier of adhesives for wind turbine blades in China, holding the largest market share for epoxy structural adhesives and leading in the infusion resin segment [3] - In the first three quarters of 2025, the sales volume of adhesives and specialty resin materials has steadily increased, significantly boosting net profit [3] - The demand for wind turbine blade products has been a major driver of business growth due to the rising prosperity of the wind power industry [3] Group 4: Pricing Strategy - The price fluctuations of epoxy resin diluents, a key raw material for epoxy structural adhesives and infusion resins, can impact the company's products [3] - The company has pricing flexibility in its niche market segments, allowing it to adjust pricing strategies in response to raw material price increases [3]

Core Viewpoint - Kangda New Materials (002669) is a leading supplier of epoxy structural adhesives for wind turbine blades in China, holding the largest market share in this segment [1] Group 1: Market Position - The company is the top supplier of epoxy structural adhesives for wind turbine blades in the domestic market [1] - Kangda New Materials also leads in the domestic market share for wind epoxy infusion resin [1] Group 2: Raw Material Impact - Epoxy resin diluents are a key raw material for the company's epoxy structural adhesives and infusion resins, and fluctuations in their prices can impact the company's products [1] - The company's market share advantage in niche segments provides pricing flexibility, allowing the sales team to adjust pricing strategies in response to raw material price increases [1]

Production Capacity and Market Position - The company's subsidiary, Dalian Qihua New Materials Co., Ltd., has an epoxy resin diluent production capacity of 4,000 tons/year (single shift) [2] - The company is a leading supplier of epoxy structural adhesives and infusion resins for wind turbine blades in China, holding the largest market share in this segment [3] - The adhesive and specialty resin segment's sales volume has steadily increased in the first three quarters of 2025, significantly boosting net profit due to rising demand in the wind power sector [3] Expansion and Production Strategy - The company currently focuses on improving existing capacity utilization and product quality rather than expanding production capacity due to strict environmental and safety regulations in the epoxy diluent industry [2] - There are no current plans for capacity expansion, with an emphasis on developing high-value specialty epoxy diluents [2] Supply Chain and Pricing Strategy - The company sources raw materials for epoxy products from both internal and external suppliers, with plans to increase the internal supply ratio in the future [3] - The pricing strategy is flexible, allowing the sales team to adjust prices in response to fluctuations in raw material costs [3] Strategic Development in Electronics - The company has transitioned from a traditional chemical adhesive manufacturer to an advanced new materials R&D enterprise, focusing on high-end electronic information materials [3] - A 51% stake in Chengdu Zhongke Huayi Microelectronics Co., Ltd. has been acquired, which has developed four product lines, including microcontroller chips and integrated circuits, with a performance commitment of at least RMB 40 million in net profit for the first year [4] Semiconductor Industry Transition - The company is accelerating its strategic transformation towards the semiconductor industry, leveraging its existing materials layout to create a third growth curve [4] - The strategic layout aligns with national industrial policy directions, supporting the company's long-term development goals [4]

Core Viewpoint - Kangda New Materials Co., Ltd. has terminated its acquisition plan of Beiyi Semiconductor Technology Co., Ltd. after only two and a half months, reflecting challenges in its strategic transition to the semiconductor industry [1][9][10]. Group 1: Acquisition Details - On August 28, Kangda New Materials signed a letter of intent to acquire at least 51% of Beiyi Semiconductor, a high-tech enterprise focused on power semiconductor modules [7]. - The acquisition was intended to accelerate Kangda's strategic transition to the semiconductor industry and create a "third growth curve" [8]. - The acquisition process faced difficulties, leading to its abrupt termination on November 13, with the company citing "work progress not meeting expectations" and "lack of consensus" as reasons [9][10]. Group 2: Financial Performance - Kangda New Materials has faced significant financial challenges, including a substantial goodwill impairment that led to losses in the previous year [3][14]. - The company's revenue increased from 1.932 billion in 2020 to 2.793 billion in 2023, but net profit declined from 215 million to 30 million during the same period [13]. - By the end of 2024, revenue was projected to reach 3.101 billion, while net profit was expected to drop to -294 million, primarily due to goodwill impairment provisions [14][15]. Group 3: Capital Operations - Kangda has engaged in frequent capital operations, attempting to transition from traditional adhesive materials to the semiconductor sector [2][12]. - The company has made several acquisitions since 2018, including companies like Biko Technology and Crystal Technology, but has struggled with profitability, leading to goodwill impairments [13][19]. - Kangda has raised significant capital through multiple rounds of financing, totaling 1.88 billion, to support its growth initiatives [21].

Group 1 - The core point of the article is that Kangda New Materials (SZ 002669) held its 12th meeting of the 6th board of directors on November 14, 2025, to review proposals including adjustments to the expected daily related transactions for 2025 [1] - For the first half of 2025, the revenue composition of Kangda New Materials is as follows: Adhesive industry accounts for 87.98%, electronic products business accounts for 4.43%, synthetic resin accounts for 2.98%, other businesses account for 2.16%, and LTCC materials account for 1.97% [1] - As of the report date, the market capitalization of Kangda New Materials is 4.1 billion yuan [1]

Core Viewpoint - Kangda New Materials (002669.SZ) plans to increase capital in Kangda New Materials (Thailand) in collaboration with Tengxuan Trading, reflecting the company's strategic growth initiatives in the region [1] Group 1: Capital Increase Details - Kangda New Materials (Hong Kong) will contribute 39.996 million Thai Baht, while Tengxuan Trading will contribute 40,000 Thai Baht [1] - Following the capital increase, the registered capital of Kangda New Materials (Thailand) will rise from 10 million Thai Baht to 50 million Thai Baht [1] - The equity ownership ratio of both parties will remain unchanged after the capital increase [1]

中邮证券有限责任公司关于康达新材料（集团）股份有限公司使 用部分闲置募集资金暂时补充流动资金的核查意见 中邮证券有限责任公司（以下简称"中邮证券"或"保荐机构"）作为康达 新材料（集团）股份有限公司（以下简称"康达新材"或"公司"）2022年非公 开发行A股股票的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证 券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第13号——保 荐业务》《深圳证券交易所上市公司自律监管指引第1号——主板上市公司规范运 作》等有关法律法规和规范性文件的要求，保荐机构及其指定保荐代表人对康达 新材使用部分闲置募集资金暂时补充流动资金事项进行了专项核查，核查情况与 意见如下： 一、募集资金基本情况 经中国证券监督管理委员会证监许可[2022]684号《关于核准康达新材料(集 团)股份有限公司非公开发行股票的批复》文件核准，公司采用非公开方式发行 人民币普通股52,910,052股，每股发行价格为13.23元。截至2022年7月27日止， 本 次 非 公 开 发 行 的 股 票 数 量 为 52,910,052 股 ， 募 集 资 金 总 额 为 人 民 币 699,99 ...

证券代码：002669 证券简称：康达新材 公告编号：2025-120 康达新材料（集团）股份有限公司 关于调整2025年度公司日常关联交易预计的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、日常关联交易基本情况 1、日常关联交易概述 康达新材料（集团）股份有限公司（以下简称"公司"或"康达新材"） 于2025 年1月24日召开第五届董事会第四十一次会议审议通过了《关于2025年度公司日 常关联交易预计的议案》，公司对2025年度日常关联交易的事项进行了预计。2025 年度，公司拟与关联方唐山控股发展集团股份有限公司（以下简称"唐控发展集 团"）及其控股子公司、南京聚发新材料有限公司及其控股子公司、东方电气风 电（山东）有限公司、成都立扬信息技术有限公司（以下简称"成都立扬"）、 成都铭瓷电子科技有限公司（以下简称"成都铭瓷"）、上海汉未科技有限公司 发生关联交易金额合计不超过126,997万元。 以上内容详见公司于2025年1月25日、2025年4月22日在巨潮资讯网及《证券 时报》《证券日报》《上海证券报》《中国证券报》披露的相关公告。 根据公 ...

证券代码：002669 证券简称：康达新材 公告编号：2025-123 康达新材料（集团）股份有限公司 前次募集资金使用情况报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 康达新材料（集团）股份有限公司（以下简称"本公司"或"公司"）董事 会根据中国证券监督管理委员会发布的《上市公司证券发行注册管理办法》《监 管规则适用指引——发行类第 7 号》《上市公司募集资金监管规则》的规定，编 制了截至 2025 年 9 月 30 日(以下简称"截止日")的前次募集资金使用情况报告， 具体情况报告如下： 一、前次募集资金基本情况 2022 年向特定对象发行股票募集资金 1、实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准康达新材料（集团）股份有限公司非 公开发行股票的批复》（证监许可〔2022〕684 号）核准，并经深圳证券交易所同 意，由主承销商中邮证券有限责任公司（以下简称"中邮证券"）采用非公开方 式发行人民币普通股（A 股）52,910,052 股，每股面值 1 元，发行价格为 13.23 元 /股。本次发行募集资金总额为人民币 699, ...