您好！感谢您对公司的关注！公司主要产品应用在民品市场，没有军标认证。公司PFPE全氟聚醚类产 品主要聚焦于工业润滑、消费电子、半导体制程、IDC数据中心等对材料可靠性要求极高的应用领域， 并已在这些市场获得认可与应用。公司的具体客户、订单及测试信息属于商业保密范畴，未经许可公司 不便讨论具体客户名称及业务情况，所有应披露的重大业务合作，公司均会依据相关法律法规及时履行 审议程序并发布公告。敬请广大投资者以公司在巨潮资讯网（www.cninfo.com.cn）发布的正式公告为 准。查看更多董秘问答>> 投资者提问： 公司的全氟聚醚润滑脂PFPE是否有用于商业航天或者火箭，氟化液有用于航天器吗？公司是否有航天 或者军标认证/ 董秘回答(新宙邦SZ300037)： 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 ...

Core Viewpoint - The company, Xinjubang (SZ300037), has a range of organic fluorine chemicals that are applicable in various industries, including aerospace, due to their superior chemical stability and performance in extreme conditions [1] Group 1: Product Applications - The company's organic fluorine chemicals include fluorocarbon chemicals, fluorinated polymers, and fluorinated fine chemicals, which are used in sectors such as construction, automotive, electronics, telecommunications, medical, textiles, new energy, and environmental protection [1] - These products possess excellent characteristics such as strong chemical stability, insulation, and wide temperature range performance, making them suitable for demanding environments [1] Group 2: Market Potential - The company highlights the potential and market space for its products in high-reliability applications across various cutting-edge fields, including commercial aerospace [1] - Specific customer details, orders, and testing information are confidential, and the company will disclose significant business collaborations in accordance with legal regulations [1]

Investment Rating - The industry rating is "Overweight" [6] Core Viewpoints - The adjustment of the battery export tax rebate is expected to boost exports in 2026 and optimize the industry structure, benefiting companies with overseas production capacity [1][2] - The reduction in export tax rates aims to curb low-price competition in the export market and promote the exit of outdated production capacity [2][3] - The battery export tax rebate will lead to two rounds of export rush before the end of 2026, tightening supply and demand across the lithium battery supply chain [3][4] Summary by Sections Export Tax Rebate Adjustment - The export tax rebate for battery products will be reduced from 9% to 6% starting April 1, 2026, and will be eliminated entirely from January 1, 2027 [1] - This policy is expected to drive a surge in battery exports in 2026, intensifying supply-demand tensions in lithium mining and lithium hexafluorophosphate [1][2] Supply Chain Impact - The reduction in export tax is anticipated to tighten the supply-demand balance in the lithium battery industry, with major lithium material utilization rates projected at 92% for lithium hexafluorophosphate and 81% for copper foil in 2026 [3] - The ongoing demand for energy storage and the increasing sales of new energy vehicles in Europe are expected to further support this tightening [3] Recommendations - Companies with established overseas production capacity, such as CATL and Yiwei Lithium Energy, are recommended for investment [1][4] - Other companies in the supply chain, including Tianqi Lithium, New Chemical Materials, and Shangtai Technology, are also highlighted as potential beneficiaries of the tightening supply-demand dynamics [4]

Investment Rating - The industry investment rating is "Recommended" (maintained) [1] Core Insights - The new materials sector is a crucial direction for the chemical industry, currently experiencing rapid growth in downstream demand. With policy support and technological breakthroughs, domestic new materials are expected to accelerate their long-term growth. The report emphasizes that "one generation of materials leads to one generation of industries," highlighting the foundational nature of the new materials industry as the material basis for other industries [5][15]. Summary by Relevant Sections 1. Electronic Information Sector - Focus on semiconductor materials, display materials, and 5G materials [6] - Recent developments include NVIDIA's announcement of its new AI supercomputing platform, Vera Rubin, which has entered full production. The platform features six independent chips, with the Rubin GPU achieving a peak computing power of 50 Petaflops and a training performance 3.5 times that of its predecessor [7][37]. 2. Aerospace Sector - Focus on PI films, precision ceramics, and carbon fiber [8] - The successful acquisition of a production license for the AS700 manned airship marks a significant milestone for China's aerospace industry, indicating a shift towards standardized and commercialized production [9][10]. 3. New Energy Sector - Focus on photovoltaics, lithium-ion batteries, proton exchange membranes, and hydrogen storage materials [10] - A notable development is the introduction of the world's first all-solid-state battery by a Finnish startup, set to enter OEM mass production [11]. 4. Biotechnology Sector - Focus on synthetic biology and scientific services [12] - Beijing's economic development zone has announced measures to support the innovation and development of the synthetic biology manufacturing industry, aiming to establish a globally influential industry cluster by 2028 [13]. 5. Energy Conservation and Environmental Protection Sector - Focus on adsorbent resins, membrane materials, and biodegradable plastics [14] - The Guangxi government has issued a plan for green mine construction, aiming for over 90% of large and medium-sized mines to meet green standards by the end of 2028 [15]. 6. Industry Rating and Investment Strategy - The new materials sector is expected to benefit from the catalytic effects of downstream application sectors, gradually entering a prosperous cycle, thus maintaining a "Recommended" rating for the new materials industry [15].

Core Viewpoint - The surge of electrolyte companies going public in Hong Kong is driven by industry dynamics and capital opportunities, reshaping the competitive landscape of lithium battery exports [1] Group 1: IPO Trends and Market Dynamics - Leading electrolyte additive company Huasheng Lithium announced plans for an H-share issuance and listing on the Hong Kong Stock Exchange, marking a significant event in the industry [2] - Since the second half of 2025, major players like Tianci Materials, Xinzhou Bang, and Shida Shenghua have also disclosed plans for IPOs in Hong Kong, indicating a collective push [2] - The easing of IPO regulations and the need for financing in the context of industry transformation have created a favorable environment for these listings [3] Group 2: Industry Growth and Financial Performance - The global electrolyte market is expected to experience explosive growth in 2025, with shipments projected to exceed 2.3 million tons, and Chinese companies holding over 90% market share [3] - Tianci Materials forecasts a net profit of 1.1 to 1.6 billion yuan for 2025, representing a year-on-year increase of 127.31% to 230.63% [3] - The average price of lithium iron phosphate electrolytes surged from 19,000 yuan per ton at the beginning of the year to 35,000 yuan per ton, indicating a structural reversal in the industry [3] Group 3: Global Expansion and Financing Needs - Major battery companies like CATL and Guoxuan High-Tech are accelerating overseas expansion, creating a pressing need for financing among electrolyte material companies [4] - The construction of overseas bases in countries like Hungary and Morocco requires substantial long-term funding, making IPOs in Hong Kong a necessary option [4] Group 4: Differentiated Strategies Among Companies - Tianci Materials aims to use 80% of its IPO proceeds to support global business development, particularly in establishing a lithium-ion battery material integration base in Morocco [7] - Shida Shenghua plans to focus on collaborative projects across the entire supply chain, while Xinzhou Bang seeks to enhance its international brand influence through the IPO [7] - Huasheng Lithium's IPO strategy is centered on niche market breakthroughs, with funds directed towards expanding production capacity and R&D for additive materials [7] Group 5: Impact on Competitive Landscape - The IPO wave is expected to significantly impact the lithium battery supply chain, driving demand for upstream materials and enhancing the global competitiveness of Chinese electrolyte companies [8] - The financing from IPOs will likely widen the gap between leading companies and smaller firms, as top players accelerate technological development and capacity expansion [8] - This trend marks a shift from "product export" to "capacity and technology export," fostering global collaboration within the lithium battery industry [8] Group 6: Future Outlook - The electrolyte industry is poised for high-quality development, supported by ongoing investments in technology and the establishment of overseas production capacities [9] - The Hong Kong capital market will provide continuous funding support, enhancing corporate governance and international operational capabilities [9]

Group 1 - The chemical sector experienced a reversal on January 9, with the chemical ETF (516020) initially opening weak but quickly rebounding to a gain of 0.55% by the time of reporting [1][7] - Key stocks in the sector included Jinfa Technology, which hit the daily limit, Guangwei Composite rising over 7%, and Xinzhou Bang increasing by over 5% [1][7] - The chemical ETF (516020) has seen significant capital inflow, with a net inflow of 480 million yuan over the last five trading days and over 720 million yuan in the last ten days [1][10] Group 2 - The Ministry of Industry and Information Technology and six other departments released a plan to stabilize growth in the petrochemical industry for 2025-2026, aiming to improve the supply-demand balance [3][9] - Open-source Securities noted that the chemical industry is expected to see a dual uplift in performance and valuation due to policies aimed at reducing competition, with a 10% year-on-year decrease in construction projects for basic chemical companies [3][9] - China Galaxy Securities indicated that capital expenditure in the chemical industry has entered negative growth since 2024, with expectations for a supply contraction and increased demand due to domestic consumption and easing monetary policy in the U.S. [10] Group 3 - The chemical ETF (516020) tracks the CSI segmented chemical industry theme index, with nearly 50% of its holdings in large-cap leading stocks like Wanhua Chemical and Salt Lake Co., allowing investors to capitalize on strong investment opportunities [4][10] - Investors can also access the chemical ETF through linked funds (Class A 012537/Class C 012538) for more efficient exposure to the sector [4][10]

Group 1 - The core point of the news is that Shenzhen Xinzhoubang Technology Co., Ltd. has seen a stock price increase of 5.14%, reaching 55.68 CNY per share, with a total market capitalization of 41.86 billion CNY [1] - The company specializes in the research, production, sales, and service of new electronic chemicals and functional materials, with its main business revenue composition being: battery chemicals 66.43%, organic fluorine chemicals 17.03%, electronic information chemicals 16.03%, and others 0.50% [1] Group 2 - From the perspective of fund holdings, Chunhou Fund has a significant position in Xinzhoubang, with its fund Chunhou Xinyi (010551) holding 92,700 shares, accounting for 3.55% of the fund's net value, ranking as the eighth largest holding [2] - The fund has generated an estimated floating profit of approximately 252,100 CNY today [2] - Chunhou Xinyi was established on December 22, 2020, with a current scale of 139 million CNY, and has achieved a year-to-date return of 1.99% [2]

Core Viewpoint - The lithium battery industry is experiencing a significant investment boom, driven by increasing demand for energy storage and stable growth in power battery installations, leading to a tight supply-demand balance in 2026 [4][6]. Group 1: Company Expansion Plans - Longpan Technology plans to invest up to 2 billion yuan to build a new production base for 240,000 tons of high-pressure lithium iron phosphate annually, as existing capacity cannot meet customer demand [1][2]. - In addition to Longpan Technology, several companies, including Fulin Precision, Dongfang Zirconium, and Xinzhou Bang, have announced investment plans for lithium battery projects, continuing the expansion trend from 2025 [1][2]. - Longpan Technology has previously raised funds to build projects with capacities of 110,000 tons and 85,000 tons of high-performance phosphate-based cathode materials, with ongoing capacity expansion efforts [2]. Group 2: Industry Investment Trends - Since 2025, over 282 investment projects in the lithium battery industry chain have been announced in China, with a total investment exceeding 820 billion yuan, marking a year-on-year increase of over 74% [2]. - The investment trend is not only domestic but also expanding internationally, with companies like Xinzhou Bang planning to invest approximately 260 million USD in a lithium-ion battery materials project in Saudi Arabia [3]. Group 3: Market Dynamics - The surge in lithium battery investments is attributed to multiple factors, including the explosive growth in energy storage demand, steady increases in power battery installations, and rapid technological advancements [4][5]. - The industry has transitioned from a state of oversupply to a tight balance since mid-2025, with expectations of continued investment momentum into 2026 due to strong demand growth [6][7]. - Companies are increasingly adopting a rational approach to expansion, focusing on "order capacity" to avoid blind investments and ensure sustainable growth [6][7].

Market Size and Forecast - The global lithium battery cathode material shipment is expected to reach 4.798 million tons by 2025, a year-on-year increase of 48.5%, with lithium iron phosphate (LFP) shipments at 3.654 million tons, growing by 67.2%, accounting for 78% of the total [2] - The shipment of ternary materials is projected to be 880,000 tons, with a slight increase of 4.3%, making up 16% of the total [2] - The main growth driver for lithium battery cathode materials is LFP, benefiting from the growth of the electric vehicle and energy storage markets [2] - The global lithium battery anode material shipment is expected to reach 2.723 million tons by 2025, a year-on-year increase of 48%, with artificial graphite accounting for 89.3% of the total [4] - The global lithium battery electrolyte shipment is projected to be 2.396 million tons by 2025, with a year-on-year growth of 53% [8] - The global lithium battery separator shipment is expected to reach 38.49 billion square meters by 2025, a year-on-year increase of 48.6% [10] Price Trends and Forecasts - The price of lithium battery cathode materials is expected to enter an upward cycle between 2026 and 2027 due to significant increases in raw material prices and improved supply-demand relationships [13] - The price of lithium battery anode materials is projected to rise in 2026-2027, driven by a rebound in upstream raw material prices and a concentration of orders among leading companies [14] - The price of lithium battery electrolytes is expected to rise in 2026-2027, primarily due to strong demand for lithium hexafluorophosphate and limited production capacity [17] - The price of separators is anticipated to increase in 2026-2027 due to growing demand from the power and energy storage markets, despite having reached cost price levels [18] Top 10 Companies in 2025 - The top 10 companies for lithium battery ternary cathode materials in China include Nantong Ruixiang, Rongbai Technology, and Bamo Technology [21] - The top 10 companies for lithium battery lithium iron phosphate cathode materials in China include Hunan Youneng, Defang Nano, and Wanrun New Energy [23] - The top 10 companies for lithium battery anode materials in China include BTR, Sanyuan Technology, and Zhongke Xingcheng [25] - The top 10 companies for lithium battery electrolyte in China include Tianci Materials, New Zobon, and Ruifeng New Materials [26] - The top 10 companies for lithium battery separators in China include Enjie, Xingyuan Materials, and Jinli Technology [28]

Core Viewpoint - The stock price of Shenzhen New Zobon Technology Co., Ltd. has shown slight fluctuations, with a recent decline of 2.03% and a total market capitalization of 39.49 billion yuan as of January 8 [1]. Group 1: Stock Performance - Year-to-date, the stock price has increased by 0.25%, with a slight decline of 0.02% over the last five trading days. However, it has risen by 7.07% over the past 20 days and 15.10% over the last 60 days [2]. - As of January 8, the stock was trading at 52.53 yuan per share, with a trading volume of 711 million yuan and a turnover rate of 2.49% [1]. Group 2: Company Overview - Shenzhen New Zobon Technology Co., Ltd. was established on February 19, 2002, and went public on January 8, 2010. The company specializes in the research, production, sales, and service of new electronic chemicals and functional materials [2]. - The main revenue sources for the company are battery chemicals (66.43%), organic fluorine chemicals (17.03%), electronic information chemicals (16.03%), and others (0.50%) [2]. Group 3: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 6.616 billion yuan, representing a year-on-year growth of 16.75%. The net profit attributable to shareholders was 748 million yuan, reflecting a growth of 6.64% [2]. - Since its A-share listing, the company has distributed a total of 2.149 billion yuan in dividends, with 1.121 billion yuan distributed over the last three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 19.44% to 45,600, while the average circulating shares per person decreased by 16.27% to 11,840 shares [2]. - The top ten circulating shareholders include various ETFs, with notable changes in holdings, such as E Fund's Growth ETF reducing its stake by 1.721 million shares [3].