Industry Overview - Ethylene-vinyl acetate copolymer (EVA) is the fourth largest ethylene series polymer, produced through the copolymerization of ethylene and vinyl acetate [2][6] - China's EVA production capacity has grown significantly, from 972,000 tons in 2017 to 2.91 million tons in 2024, with a compound annual growth rate (CAGR) exceeding 30% from 2020 to 2024 [6][8] - The production process in China primarily utilizes tubular and kettle methods, with tubular method accounting for over 65% of production capacity in 2024 [4][6] Production and Demand Trends - China's EVA production has increased from 756,000 tons in 2019 to 2.3835 million tons in 2024, achieving a CAGR of 33.25% [8][10] - However, the growth rate is expected to slow down, with a year-on-year increase of only 10.68% in 2024 due to a slowdown in downstream demand [8][10] - Despite the increase in domestic production, China still relies on imports, with EVA imports decreasing by 34.22% to 915,600 tons in 2024, reflecting improved domestic supply capabilities [10][11] Competitive Landscape - The EVA industry in China is characterized by a "four strong" competitive landscape, with companies like Oriental Rainbow, Zhejiang Petrochemical, Gulei Petrochemical, and Yulin Energy Coal holding significant market shares [13] - In 2024, Oriental Rainbow became the first company to exceed 500,000 tons in production capacity, significantly outpacing its competitors [13][19] Future Outlook - The EVA industry is expected to continue its capacity expansion cycle, with planned capacities exceeding 4 million tons from 2025 to 2028 [11][19] - The industry is likely to transition from a net importer to a net exporter, enhancing China's competitiveness in high-end polymer materials [11][20] - The demand for EVA is expanding into new fields such as photovoltaics and medical applications, with photovoltaic film demand exceeding 50% of total EVA demand [21][20]

Company Overview - Lianhong New Materials Technology Co., Ltd. specializes in the research, production, and sales of advanced polymer materials and specialty fine materials [2] - The main products include EVA, VA, UHMWPE, PLA, electronic specialty gases, PP, EO, EOD, and EC [2] Financial Performance - For Q1 2025, the company reported revenue of 1.539 billion yuan, a year-on-year increase of 3.48% [2] - The net profit for the same period was 71.41 million yuan, reflecting a year-on-year growth of 38.83% [2] - The sales gross margin stood at 18.77% [2] Market Position - As of May 26, the company's stock closed at 15.26 yuan, with a PE ratio of 80.11, marking a 14-day low [1] - The total market capitalization is 20.381 billion yuan [1] - In the chemical products industry, the average PE ratio is 43.15, and the median is 38.76, positioning Lianhong New Materials at rank 139 [1][3] Institutional Holdings - As of Q1 2025, there are 10 institutions holding shares in Lianhong New Materials, including 6 other institutions, 3 funds, and 1 QFII, with a total holding of 1.0759514 billion shares valued at 16.193 billion yuan [1]

证券代码：003022 证券简称：联泓新科 公告编号：2025-022 联泓新材料科技股份有限公司 关于为控股子公司提供担保的进展公告 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、担保概述 为进一步落实公司创新驱动发展战略，深化电子材料领域的产业布局，满足 子公司经营发展需要，联泓新材料科技股份有限公司（以下简称"公司"）于 2025 年 3 月 26 日召开第三届董事会第四次会议，审议通过《关于为控股子公司山东 华宇同方电子材料有限公司提供担保的议案》，同意公司为山东华宇同方电子材 料有限公司（以下简称"华宇同方"）向金融机构申请综合授信提供不超过 5 亿 元的担保。 上述事项的具体内容详见公司在指定信息披露媒体及巨潮资讯网 （www.cninfo.com.cn）披露的《关于为控股子公司提供担保的公告》及相关公告。 二、担保进展情况 近日，公司与中国银行股份有限公司汶上支行签订了《保证合同》，约定公 司为华宇同方在该银行办理的人民币 2 亿元贷款业务提供连带责任保证，保证期 间为借款合同约定的债务履行期限届满之日起三年。 担保方 被担保方 担保方 持 ...

5月15日，联泓新科今日收盘14.99元，下跌1.12%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到78.69倍，总市值200.20亿元。 从行业市盈率排名来看，公司所处的化学制品行业市盈率平均44.63倍，行业中值39.73倍，联泓新科排 名第137位。 股东方面，截至2025年3月31日，联泓新科股东户数59101户，较上次减少2090户，户均持股市值35.28 万元，户均持股数量2.76万股。 联泓新材料科技股份有限公司的主营业务是先进高分子材料和特种精细材料的研发、生产和销售。公司 的主要产品是EVA、VA、UHMWPE、PLA、电子特气、PP、EO、EOD、EC。公司通过了国家高新技 术企业复审，入选"2024中国品牌价值评价信息榜"，"2024胡润中国新材料企业百强榜"，"2024年度中 国精细化工百强"，"2024中国石油和化工企业500强"，"2024中国石油和化工民营企业百强"，"2024中 国石油和化工上市公司500强"，"2024中国卓越管理公司"，"2024企业绿色低碳发展优秀实践案 例"，"山东省制造业单项冠军企业"，"2024山东企业社会责任卓越实践"，"2024 ...

证券代码：003022 证券简称：联泓新科 公告编号：2025-021 联泓新材料科技股份有限公司 关于参加 2025 年山东辖区上市公司投资者 网上集体接待日活动的公告 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。 本次活动将采用远程网络方式举行，投资者可通过登录"全景路演"网站 （http://rs.p5w.net）、关注"全景财经"微信公众号或者下载"全景路演"APP 等 途径参与交流。届时公司董事、高级副总裁、CFO、董事会秘书蔡文权先生与证 券事务代表窦艳朝先生将就公司发展战略、经营情况及可持续发展等问题，与投 资者进行沟通，欢迎广大投资者积极参与。 特此公告。 联泓新材料科技股份有限公司 董事会 2025 年 5 月 13 日 为进一步加强与投资者的互动交流，帮助投资者更好地了解公司的投资价值， 联泓新材料科技股份有限公司（以下简称"公司"）定于 2025 年 5 月 15 日（星 期四）15:00-16:30 参加由山东证监局、山东上市公司协会联合举办的"2025 年 山东辖区上市公司投资者网上集体接待日活动"，现将相关事项公告如下： ...

Core Viewpoint - The photovoltaic industry in 2024 is facing severe supply-demand imbalance and a price war, leading to widespread losses among companies, particularly in the manufacturing sector [1] Group 1: Executive Compensation Trends - Over 60% of photovoltaic companies have chairpersons with annual salaries exceeding 1 million yuan, with some exceeding 5 million yuan [1] - The largest salary decrease was observed for Longi Green Energy's chairman, whose salary dropped from 11.54 million yuan in 2023 to 0.9 million yuan in 2024, a decrease of 92% [2] - The highest salary in the photovoltaic sector for 2024 was held by Zheng Yueming, chairman of Lianhong New Energy, at 5.96 million yuan, followed closely by Nanchunhui of Zhengtai Electric at 5.8 million yuan [4][5] Group 2: Company Performance and Salary Correlation - The salary changes for executives generally align with company performance; Longi Green Energy reported a revenue drop of approximately 36.23% and a loss of 8.6 billion yuan in 2024 [11] - Lianhong New Energy's revenue decreased by 7.52% to 6.268 billion yuan, with net profit down 47.45% to 234 million yuan, indicating the impact of market conditions on executive compensation [5] Group 3: Zero Salary Cases - Five companies, including TCL Zhonghuan and Jinko Solar, reported zero salaries for their chairpersons over the past two years, although these executives receive compensation from affiliated companies [6][7] - For instance, the chairman of TCL Zhonghuan received over 10 million yuan from TCL Technology, while the chairman of Jinko Solar earned 252,000 yuan from Jinko Technology [7] Group 4: Industry Challenges and Responses - The photovoltaic industry is experiencing a "winter," prompting many executives to voluntarily reduce their salaries to support their companies [12] - Companies like Longi Green Energy and GCL-Poly have seen significant salary cuts among their executives, with GCL-Poly's executives reducing their total salaries by over 90% [12] Group 5: Notable Performers - Despite the overall downturn, companies like Hongdian Dongci have reported salary increases, with the chairman's salary nearly doubling from 1.25 million yuan to 2.46 million yuan, reflecting better performance compared to peers [10][13] - Hongdian Dongci achieved a revenue of 18.559 billion yuan in 2024, with a slight profit increase, attributed to strategic overseas production and market positioning [13]

联泓新科：联泓新材料研究院正在开展PEEK相关技术开发 智通财经4月30日电，联泓新科在互动平台表示，特种工程材料是公司重点关注和研究开发的领域之 一，联泓新材料研究院在开展PEEK相关技术开发。 ...

证券代码：003022 证券简称：联泓新科 公告编号：2025-020 联泓新材料科技股份有限公司 关于为控股子公司提供担保的进展公告 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。 近日，公司与九江银行股份有限公司濂溪支行签订了《最高额保证合同》， 约定公司为科院生物在该银行办理的贷款业务提供连带责任保证，被担保债权的 最高余额为人民币 1.5 亿元，保证期间为融资合同约定的债务履行期限届满之日 起三年，每一融资合同项下的保证期间单独计算。 本次担保的被担保方担保额度使用情况如下： 1 单位：亿元 | 担保 | 被担 | 担保方 | 经审批可 用担保额 | 已使用担 | 本次授 信担保额 | 剩余可用 | | --- | --- | --- | --- | --- | --- | --- | | 方 | 保方 | 持股比例 | | 保额度 | | 担保额度 | | | | | 度 | | 度 | | | 公司 | 科院 生物 | 51% | 19 | 14 | 1.5 | 3.5 | 上述担保额度在公司相关股东大会审议通过的担保额度范围内。 一、担保概述 为 ...

Core Viewpoint - The company, Lianhong Xinke, reported a revenue increase of 3.48% year-on-year for Q1 2025, driven by operational optimization and increased product sales, particularly in EVA materials [1] Financial Performance - The company achieved a revenue of 1.539 billion yuan in Q1 2025, with a net profit attributable to shareholders of 71.41 million yuan, reflecting a year-on-year growth of 38.83% [1] - The non-recurring net profit reached 70.23 million yuan, showing a significant increase of 1140.67% year-on-year [1] - The net cash flow from operating activities was 31.28 million yuan, up by 17.35% compared to the previous year [1] Operational Highlights - The company maintained stable full-load operations of its main facilities, resulting in increased product output, with EVA sales exceeding 43,000 tons, a year-on-year growth of approximately 28% [1] - A decrease in the prices of key raw materials and improved operational efficiency contributed to a reduction in production costs [1] - New product lines began to contribute to profits, with EC, UHMWPE, electronic specialty gases, and PLA facilities entering the capacity ramp-up phase [1] Business Development - The company is a global leader in new materials, with business segments covering renewable materials, biodegradable and bio-based materials, electronic materials, and other specialty materials [1] - The company is actively exploring new technologies and developing new products to meet diverse market demands, particularly in the fields of new energy materials and biological materials [2] - Ongoing projects include the construction of facilities for 200,000 tons/year EVA, 100,000 tons/year POE, and other specialty materials, aimed at sustaining growth in performance [2]