二、董事会会议审议情况 1、审议通过《关于<2025年半年度报告>及其摘要的议案》 证券代码：002669 证券简称：康达新材 公告编号：2025-095 康达新材料（集团）股份有限公司 第六届董事会第十次会议决议公告 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、董事会会议召开情况 康达新材料（集团）股份有限公司（以下简称"公司"）第六届董事会第十 次会议通知于2025年8月15日以邮件及通讯方式向公司董事发出。会议于2025年8 月26日上午10:00在上海市浦东新区五星路707弄御河企业公馆A区3号楼公司会 议室以现场结合通讯表决方式召开，应出席董事13人，实际出席董事13人，全体 董事以通讯方式参加会议并参与表决。本次会议由董事长王建祥主持，公司高级 管理人员列席了本次会议，会议的通知、召集、召开和表决程序符合《公司法》 及《公司章程》的规定。 1、第六届董事会第十次会议决议； 2、第六届董事会审计委员会第五次会议决议。 特此公告。 公司董事、高级管理人员就该报告签署了书面确认意见。 康达新材料（集团）股份有限公司董事会 具体内容详见公司同日在巨 ...

康达新材料（集团）股份有限公司 2025 年半年度报告全文 康达新材料（集团）股份有限公司 2025 年半年度报告 2025 年 8 月 1 康达新材料（集团）股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 公司负责人王建祥、主管会计工作负责人宋兆庆及会计机构负责人(会计 主管人员)张国强声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中所涉及的未来计划、发展战略等前瞻性陈述不构成公司对投资 者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"中公司面临的风险和应对措施 部分描述了公司未来经营中可能面临的风险，敬请广大投资者及相关人士关 注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | . | 4 | | --- | --- | --- | | . | | | | 第 ...

证券代码：002669 证券简称：康达新材 公告编号：2025-094 康达新材料（集团）股份有限公司 2025年第四次临时股东会决议公告 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。 特别提示 1、本次股东会没有出现否决议案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议； 3、本次股东会采取现场投票与网络投票相结合的方式召开； 4、康达新材料（集团）股份有限公司（以下简称"公司"）于2023年4月28 日召开的第五届董事会第二十一次会议和第五届监事会第十八次会议审议通过 了《关于回购公司股份方案（第七期）的议案》，决定使用自有资金以集中竞价 方式回购公司股份，公司已于2023年12月19日，完成了本次回购公司股份事宜， 并将部分回购股份用于实施员工持股计划和注销。公司于2025年1月17日召开的 第五届董事会第四十次会议和第五届监事会第三十二次会议审议通过了《关于回 购公司股份方案（第八期）的议案》，决定使用自有资金及金融机构股票回购专 项贷款资金以集中竞价方式回购公司股份，公司已于2025年5月31日，完成了本 次回购公司股份事宜，回购股份存放 ...

北京植德（上海）律师事务所 关于康达新材料（集团）股份有限公司 2025 年第四次临时股东会的 法律意见书 植德沪(会)字[2025]0035 号 二〇二五年八月 上海市徐汇区虹桥路 183 号徐家汇中心三期 A 座办公楼 27 层（THREE itc） 邮编：200030 27 th Floor Tower A, THREE itc, No.183 Hongqiao Road, Xuhui District, Shanghai 200030 P.R.C 电话(Tel)：021-52533500 传真(Fax)：021-52533599 www.meritsandtree.com 北京植德（上海）律师事务所 关于康达新材料（集团）股份有限公司 2025 年第四次临时股东会的 法律意见书 植德沪（会）字[2025]0035 号 北京植德（上海）律师事务所（以下简称"本所"）接受贵公司的委托，指派 律师出席并见证贵公司 2025 年第四次临时股东会（以下简称"本次会议"）。 本所律师根据《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》"）、《上市公司股东会规则》 ...

Core Viewpoint - The environmental adhesive industry in China is experiencing significant growth driven by government policies, increasing demand for eco-friendly products, and technological advancements in production processes [1][5][16]. Group 1: Industry Overview - Environmental adhesives are made from natural, renewable, or low-toxicity materials, featuring low VOC, formaldehyde-free, and biodegradable characteristics [2][5]. - The market for adhesives is expected to grow steadily during the 14th Five-Year Plan period, with production projected to reach approximately 8.55 million tons and consumption around 7.56 million tons by 2024 [1][10]. - The industry is witnessing a shift towards high-performance, low-carbon, and intelligent upgrades, with water-based adhesives developing rapidly [1][16]. Group 2: Policy Background - A series of policies have been introduced in China to promote the green transformation of the environmental adhesive industry, including the "14th Five-Year" energy conservation and emission reduction plan, which sets specific reduction targets for solvent-based adhesives [5][7]. - The regulatory framework aims to cover the entire production, application, and emission processes, establishing a solid foundation for high-quality industry development [5][7]. Group 3: Industry Chain Analysis - The upstream of the environmental adhesive industry is centered around basic chemical raw material manufacturers, while the midstream involves the production processes, and the downstream applications span various sectors, including construction, packaging, and electronics [8][10]. - The demand for high-performance environmental adhesives is rapidly increasing in emerging industries such as new energy vehicles and photovoltaics [8][10]. Group 4: Current Market Status - The adhesive industry in China is projected to maintain an average annual growth rate of 4.2% in production and 4.3% in sales during the 14th Five-Year Plan period [10][14]. - Despite maintaining production growth, the industry faces challenges such as market demand shrinkage and severe product homogeneity, leading to a decline in sales revenue [14][16]. Group 5: Competitive Landscape - The competitive landscape of the environmental adhesive industry is characterized by a clear stratification, with international giants holding high-end markets and local leaders rapidly expanding their market share in mid-tier segments [20][22]. - Local companies are focusing on breakthroughs in bio-based materials and intelligent production lines to overcome technological bottlenecks [20][22]. Group 6: Development Trends - The industry is moving towards technological innovation, with a focus on water-based, bio-based, and intelligent production technologies to enhance product performance and meet high-end market demands [24][25]. - The demand for environmental adhesives is expected to shift towards high-end and green products, driven by policies and market needs in sectors like new energy vehicles and green buildings [25][26]. - The industry is anticipated to see increased concentration, with leading companies expanding their capabilities through vertical integration and horizontal expansion into high-value sectors [26].

Summary of Kanda New Materials Conference Call Company Overview - **Company**: Kanda New Materials - **Industry**: New materials and electronic technology, focusing on adhesive and specialty resin sectors, particularly in the wind power industry Key Points and Arguments Financial Performance - Kanda New Materials expects a net profit attributable to shareholders between 50 million to 55 million yuan for the first half of 2025, representing a year-on-year increase of 188.48% to 197.33% [3] - The adhesive segment generated revenue of 870 million yuan in Q1 2025, showing significant growth [3] - The wind power epoxy resin sales are projected to exceed last year's total sales, with an expected market demand for structural adhesives reaching approximately 90,000 tons in 2025 [2][7] Market Position - Kanda maintains a domestic market share of 65% to 70% and a global market share of 35% to 40% in the wind power blade structural adhesive sector [2][3] - The company has a strong competitive position in the wind power adhesive market, with plans to enhance its market share further [24] Strategic Focus - The company is focusing on two main pillars: new materials and electronic technology, with expansions into semiconductor materials, including ITO targets and CMP polishing liquids [2][4] - Kanda has acquired Chengdu Zhongke Huawai, which specializes in high-reliability integrated circuit research and development, aiming for net profits of 40 million, 50 million, and 60 million yuan from 2025 to 2027 [2][5] Product Development and Innovation - Kanda is expanding its product lines in the semiconductor materials sector, with a market space for ITO targets estimated at 100 billion yuan [16] - The company is also developing high-frequency and high-speed specialty resins, although specific details are not disclosed [21] Operational Efficiency - Kanda has optimized resource allocation and reduced management costs, contributing to significant profit recovery in 2025 [3] - The company has divested from underperforming assets, which has positively impacted financial expenses and overall performance [3] Future Outlook - Kanda plans to continue its strategic focus on innovation and upgrading its operations, aiming to capture new market opportunities in the new materials and electronic technology sectors [28] - The company is set to enhance its production capacity with an 80,000-ton resin project expected to be operational by November 2026 [15] Collaborations and Synergies - Kanda has established a collaborative relationship with Huawei, focusing on power modules and customized chips, enhancing competitiveness in the special equipment sector [19] - The acquisition of Zhongke Huawai is expected to create synergies in semiconductor materials, benefiting both companies [18][20] Challenges and Competition - The wind power adhesive market remains competitive, with Kanda striving to maintain its leading position against competitors like Daosheng Tianhe [24] - Despite the competitive landscape, Kanda is committed to providing integrated material solutions to domestic wind power blade customers [24] Additional Important Information - Kanda's gross margin for specialty resins is maintained between 25% to 30%, supported by a cost-plus pricing strategy [2][8][9] - The company has a diverse range of adhesive products, with a significant portion of raw materials sourced from Da Ren Group [10]

Core Viewpoint - Kangda New Materials (002669.SH) is making a significant move in its "new materials + electronic technology" strategy by planning to acquire 51% of Chengdu Zhongke Huamei Electronics Co., Ltd. for 275 million yuan, which will make Zhongke Huamei a subsidiary of Kangda New Materials [1][2]. Group 1: Acquisition Details - The acquisition involves a cash payment of 275 million yuan, and it has been approved by the company's board without requiring shareholder voting [2]. - After the acquisition, Zhongke Huamei will be included in the consolidated financial statements of Kangda New Materials [2]. - Zhongke Huamei has committed to achieving net profits of no less than 40 million, 50 million, and 60 million yuan for the years 2025 to 2027, respectively [3]. Group 2: Strategic Implications - The acquisition is aimed at expanding Kangda New Materials' presence in the semiconductor integrated circuit sector, particularly in special integrated circuit design and testing, which is expected to create new profit growth points and enhance the company's profitability and sustainability [1][3]. - The existing semiconductor materials business of Kangda, such as CMP polishing liquids and sputtering targets, will synergize with Zhongke Huamei's integrated circuit design business, contributing to a complete industry chain from design to manufacturing and packaging testing [3]. Group 3: Financial Performance and Future Outlook - Kangda New Materials anticipates turning a profit in the first half of 2025, projecting a net profit of 50 to 55 million yuan, compared to a loss in the previous year [1][6]. - The company reported a revenue of 877 million yuan in the first quarter of 2025, marking a year-on-year increase of 63.74%, with a net profit growth of 125.70% [6]. - The sales of adhesive and specialty resin products have steadily increased, driven by strong demand in the wind power sector, which has become a key growth driver for the company's business [6].

Group 1 - The core viewpoint of the article is that Kangda New Materials (002669) anticipates steady growth in sales volume of adhesive and specialty resin products in the first half of 2025, which will drive an increase in net profit [1] - The demand for wind turbine blade series products is robust, primarily due to the improved prosperity of the wind power industry, serving as the main driver for the growth of the segment's business [1]

Financial Performance - The company achieved a turnaround with a net profit of 50 million CNY for the first half of 2025, compared to a loss of 55.51 million CNY in the same period last year, representing a year-on-year growth of 188.48% to 197.33% [2][3] - The sales volume of adhesive and specialty resin products steadily increased, driven by strong demand in the wind power sector, particularly for wind turbine blade products [2][3] Wind Power Sector - The company maintains the leading market share in the domestic wind turbine blade structural adhesive segment [3] - In 2024, sales of wind turbine blade epoxy structural adhesive reached over 40,000 tons, while epoxy infusion resin sales reached 45,000 tons, with consistent growth over the past three years [3] Acquisition of Chengdu Zhongke Huami Technology Co., Ltd. - The acquisition aims to expand into the semiconductor integrated circuit field, integrating high-quality assets in the special integrated circuit sector [6][7] - Post-acquisition, Zhongke Huami will be included in the company's consolidated financial statements, expected to provide new revenue and profit growth points [7] Strategic Development - The company plans to leverage its existing semiconductor materials industry to accelerate its strategic transformation towards the semiconductor integrated circuit industry [7] - The strategic layout aligns with national industrial policy and supports the company's long-term development goals [7] Electronic Specialty Resins - A new subsidiary, Kang Cheng Da Chuang (Shanghai) New Materials Co., Ltd., is being established to develop electronic-grade resins for applications in high-speed copper-clad laminates and BT substrates [7]

Group 1 - In July, non-bank financial institutions saw deposits increase by 2.14 trillion yuan, reflecting a significant shift of funds from bank deposits to capital markets as residents' risk appetite rises [1] - Over 300 A-share companies have disclosed their semi-annual reports, with nearly 200 companies reporting year-on-year profit growth, indicating strong performance in sectors like automotive, power equipment, and non-ferrous metals [1] Group 2 - Local state-owned enterprises are actively acquiring listed companies, driven by policy encouragement, resource optimization, and industry consolidation [2] - Shanghai's virtual power plant achieved a record demand response load of 1.1627 million kilowatts, marking a significant increase from last year's 704,300 kilowatts [2][3] Group 3 - The international crude oil market has seen a decline, with WTI and Brent crude oil prices dropping over 10% from their late July highs, indicating a potential long-term pressure on oil prices due to oversupply [3] - New regulations for mobile power supply products have led to a surge in sales of compliant products, with a notable increase in the sales of 3C certified power banks [4] Group 4 - Xpeng Motors has signed an expanded strategic cooperation agreement with Volkswagen Group to integrate advanced electronic and electrical architecture into both electric and hybrid vehicle platforms [5] - Valentino's CEO has resigned for personal reasons, marking a significant leadership change in the luxury fashion brand [5] Group 5 - Konda New Materials plans to acquire a 51% stake in Zhongke Huami for 275 million yuan, aiming to enhance its capabilities in the semiconductor integrated circuit sector [6][7] - Limin Co. reported a 747.13% year-on-year increase in net profit for the first half of 2025, reflecting strong operational performance [7] - Huagong Technology achieved a net profit of 911 million yuan in the first half of 2025, a 44.87% increase year-on-year, driven by focus on key technologies in the new energy and digital sectors [7]