每经AI快讯，1月14日，鼎龙股份(300054.SZ)公告称，公司正在筹划境外发行股份（H股）并在香港联 合交易所有限公司上市事项，旨在深化公司在创新材料领域的全球化战略布局，加速海外业务拓展进 程，提升公司品牌国际影响力和综合竞争力。相关细节尚未确定，本次H股发行上市不会导致公司控股 股东和实际控制人发生变化。本次H股上市需提交公司董事会和股东会审议，并经相关监管机构批准、 核准或备案，具有一定不确定性。 （文章来源：每日经济新闻） ...

智通财经APP讯，鼎龙股份(300054.SZ)发布公告，为深化公司在创新材料领域的全球化战略布局，加速 海外业务拓展进程，提升公司品牌国际影响力和综合竞争力，同时搭建国际化资本运作平台，增强境外 融资能力，助力公司高质量可持续发展，不断深化和拓展在半导体材料、面板显示材料及更多高技术创 新材料应用领域的竞争实力，公司目前正在筹划境外发行股份(H股)并在香港联合交易所有限公司(以下 简称"香港联交所")上市事项。 ...

格隆汇1月14日｜鼎龙股份公告，公司目前正在筹划境外发行股份（H股）并在香港联合交易所有限公 司上市事项。公司正在与相关中介机构就本次H股发行上市的具体推进工作进行商讨，相关细节尚未确 定。本次H股发行上市不会导致公司控股股东和实际控制人发生变化。 ...

格隆汇1月14日丨鼎龙股份(300054.SZ)公布，为深化公司在创新材料领域的全球化战略布局，加速海外 业务拓展进程，提升公司品牌国际影响力和综合竞争力，同时搭建国际化资本运作平台，增强境外融资 能力，助力公司高质量可持续发展，不断深化和拓展在半导体材料、面板显示材料及更多高技术创新材 料应用领域的竞争实力，公司目前正在筹划境外发行股份（H股）并在香港联合交易所有限公司（简 称"香港联交所"）上市事项。公司正在与相关中介机构就本次H股发行上市的具体推进工作进行商讨， 相关细节尚未确定。本次H股发行上市不会导致公司控股股东和实际控制人发生变化。 ...

人民财讯1月14日电，鼎龙股份（300054）1月14日公告，公司目前正在筹划境外发行股份(H股)并在香 港联交所上市事项。公司正在与相关中介机构就此次H股发行上市的具体推进工作进行商讨，相关细节 尚未确定。 ...

证券代码：300054 证券简称：鼎龙股份 公告编号：2026-004 债券代码：123255 债券简称：鼎龙转债 湖北鼎龙控股股份有限公司 关于筹划发行H股股票并在香港联合交易所有限公司 上市的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 湖北鼎龙控股股份有限公司（以下简称"公司"或"鼎龙"）是国内领先 的关键大赛道领域中各类核心创新材料的平台型公司，目前已有多系列创新材 料产品深度渗透国内市场并规模销售，是国内集成电路制造用 CMP 抛光垫产品 供应龙头，同时布局 CMP 抛光液、清洗液等集成电路关键材料并实现市场销 售；在柔性显示材料 YPI、PSPI 领域占据国内供应领先地位，深度布局半导体 KrF/ArF 晶圆光刻胶和先进封装材料业务。随着公司创新材料业务实力不断提 升，以及在国内市场的成功拓展，公司已将创新材料业务向海外拓展作为下一 阶段的重点发力方向，从而提升公司客群规模及经营业绩，通过加大加速海外 投资布局，努力把鼎龙打造成具有全球性竞争力的创新材料公司。 为深化公司在创新材料领域的全球化战略布局，加速海外业务拓展进程， 提升公 ...

Core Viewpoint - Dinglong Co., Ltd. has shown a significant increase in stock price and financial performance, indicating potential growth in the semiconductor and electronic materials sector [1][2]. Group 1: Stock Performance - On January 14, Dinglong's stock price increased by 2.09%, reaching 44.38 CNY per share, with a trading volume of 422 million CNY and a turnover rate of 1.31%, resulting in a total market capitalization of 42.043 billion CNY [1]. - Year-to-date, Dinglong's stock has risen by 18.03%, with a 1.00% decline over the last five trading days, a 14.03% increase over the last 20 days, and a 32.08% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Dinglong achieved a revenue of 2.698 billion CNY, representing a year-on-year growth of 11.23%, and a net profit attributable to shareholders of 519 million CNY, reflecting a year-on-year increase of 38.02% [2]. - Since its A-share listing, Dinglong has distributed a total of 476 million CNY in dividends, with 141 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of December 10, 2025, Dinglong had 38,000 shareholders, an increase of 5.56% from the previous period, with an average of 19,385 circulating shares per shareholder, a decrease of 5.26% [2]. - Major shareholders include Hong Kong Central Clearing Limited, holding 34.0799 million shares, and E Fund's ChiNext ETF, holding 14.5743 million shares, both showing a decrease in holdings compared to the previous period [3].

Core Viewpoint - The article discusses the rapid growth and investment opportunities in the advanced packaging materials sector, highlighting the potential for domestic companies to replace foreign imports in critical areas of technology [7][8]. Market Overview - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific segments such as conductive adhesives are forecasted to reach $3 billion by 2026, while chip bonding materials are estimated to grow from approximately $4.85 billion in 2023 to $6.84 billion by 2029 [8]. Competitive Landscape - Key foreign players in the advanced packaging materials market include Fujifilm, Toray, and Dow, while domestic companies such as 鼎龙股份 (Dinglong Co.), 国风新材 (Guofeng New Materials), and 三月科 (Sanyue Technology) are emerging as significant competitors [8]. - The article lists various advanced packaging materials and their respective market sizes, indicating a competitive landscape where domestic firms are increasingly gaining market share [8]. Investment Strategies - Different investment stages in the new materials industry are outlined, emphasizing the importance of team assessment, industry analysis, and market entry strategies at each phase [10]. - The article suggests that the A-round financing stage presents lower risks and higher returns, as companies at this stage typically have established sales channels and are experiencing rapid growth [10]. Future Trends - The article identifies 14 critical advanced packaging materials that are essential for the semiconductor industry, indicating a significant opportunity for investment and development in these areas [7][8]. - The anticipated growth in the new materials sector is driven by technological advancements and the need for domestic alternatives to imported materials, particularly in high-tech industries [7][8].

Core Viewpoint - The article discusses the rapid growth and investment opportunities in the advanced packaging materials sector, highlighting the potential for domestic companies to replace foreign imports in critical areas of technology [7][8]. Market Overview - The global market for advanced packaging materials is projected to reach $2.032 billion by 2028, with the Chinese market expected to grow to 9.67 billion yuan by 2025 [8]. - Specific materials such as PSPI, epoxy resin, and conductive adhesives are identified as key growth areas, with significant market sizes and growth rates anticipated [8]. Investment Opportunities - The article outlines various advanced packaging materials and their respective market sizes, including: - PSPI: $528 million in 2023, expected to grow significantly [8]. - Conductive adhesives: projected to reach $3 billion by 2026 [8]. - Chip bonding materials: expected to grow from approximately $485 million in 2023 to $684 million by 2029 [8]. - The investment landscape is characterized by a shift towards domestic production, with numerous Chinese companies emerging as competitors to established foreign firms [7][8]. Industry Trends - The article emphasizes the trend of domestic substitution in advanced materials, particularly in sectors heavily reliant on imports from countries like Japan [7][8]. - It highlights the importance of innovation and collaboration among domestic companies to enhance competitiveness in the global market [21]. Strategic Insights - Different investment stages in the new materials industry are discussed, with a focus on the varying risk levels and investment strategies appropriate for each stage, from seed funding to pre-IPO [10]. - The article suggests that the current market conditions present a favorable environment for investment in advanced materials, particularly for companies that can demonstrate strong growth potential and market positioning [10].

Core Insights - The chemical industry is expected to experience a recovery in profitability in 2026, marking a new starting point for supply-demand rebalancing, driven by anti-involution policies and advancements in new productive forces such as AI and robotics [2][5]. Group 1: Industry Overview - The chemical industry faced a downturn in profitability and valuation in 2025, but signs of stabilization and recovery are anticipated in 2026 [2]. - The peak of capital expenditure in the chemical sector has passed, with fixed asset investment turning negative in the second half of 2025, indicating the end of the capacity expansion cycle [5][14]. - The Producer Price Index (PPI) for chemicals is expected to gradually turn positive in 2026 after a prolonged period of decline [14]. Group 2: Investment Themes - Capital expenditure is decreasing, and leading companies like Wanhua Chemical are expected to see a recovery in profitability as they reduce capital spending and increase their global market share in MDI [5]. - The anti-involution policy is reshaping supply dynamics, with a focus on quality development and the exit of outdated capacities, benefiting companies with innovative capabilities and export advantages [5]. - New materials are driving demand growth in traditional chemicals, with companies like Dinglong Technology and Anji Technology positioned to benefit from domestic substitution in high-end materials [5]. Group 3: Market Dynamics - Chemical prices have been under pressure, with the chemical product price index declining approximately 8.8% in 2025, but stock prices in the sector have rebounded by 33.3% [10][16]. - The operating rates of mainstream chemical products are showing signs of weakness, with inventory levels varying significantly across different products [17][18]. - The supply-demand balance for phosphate rock remains tight, with stable prices for high-grade phosphate rock, while the market for phosphate fertilizers is influenced by policy and demand fluctuations [46][43]. Group 4: Global Trends - The global chemical supply is shifting towards China, which has become the largest chemical producer, while European chemical production faces challenges due to high energy costs [31][33]. - The restructuring of supply chains due to tariff disturbances is prompting companies to adapt, with a focus on overseas expansion for leading chemical firms [26][22]. - The anti-involution policies are expected to enhance industry cash flow and promote sustainable development by curbing disorderly expansion and prioritizing profitability [40].