每经AI快讯，有投资者在投资者互动平台提问：公司新建的先进封装材料项目，一期建设完成了吗？ 强力新材（300429.SZ）8月4日在投资者互动平台表示，一期项目已经建设完成，处于竣工验收阶段。 （文章来源：每日经济新闻） ...

Financial Performance - As of July 29, 2025, the stock price of Strongly New Materials (300429) closed at 14.02 yuan, down 0.92% with a turnover rate of 6.81% and a trading volume of 271,400 hands, amounting to 382 million yuan [1] - The latest quarterly report shows total revenue of 21.7 million yuan, a year-on-year increase of 1.31%, while net profit attributable to shareholders decreased by 144.40% to 5.62 million yuan. The non-recurring net profit increased by 50.31% to 6.36 million yuan [1] Capital Flow - On the day of reporting, there was a net outflow of main funds amounting to 19.75 million yuan, accounting for 5.17% of the total transaction amount. This included a net outflow of 7.53 million yuan from large orders and 12.22 million yuan from bigger orders [1] Company Overview - Strongly New Materials, established in 1997 and located in Changzhou, primarily engages in the manufacturing of computers, communications, and other electronic devices. The registered capital is approximately 515.25 million yuan, with paid-in capital of 79.8 million yuan [1][2] - The company has made investments in 15 enterprises, participated in 55 bidding projects, and holds 4 trademarks and 279 patents, along with 75 administrative licenses [2]

| 证券代码：300429 | 证券简称：强力新材 | 公告编号：2025-032 | | --- | --- | --- | | 债券代码：123076 | 债券简称：强力转债 | | 与会董事以投票表决的方式审议通过了以下议案： 1、审议通过《关于公司与关联方共同投资暨关联交易的议案》 公司拟与贵安新区择遇投资管理有限公司、钱晓春、高彩娥、童小林、陈新 杰、李树憬，共同出资设立嘉兴择遇讯耀创业投资合伙企业（有限合伙），全体 合伙人认缴出资总额为人民币 3,000 万元。其中，公司作为有限合伙人以自有资 金认缴出资人民币 300 万元，公司关联方董事长、控股股东及实际控制人钱晓春 先生作为有限合伙人以自有资金认缴出资人民币 200 万元。 公司本次投资符合长期投资规划，有助于利用自有资金开展产业投资，促进 产业协同发展及拓展后续业务合作，符合公司战略规划。公司本次投资的资金来 源为自有资金，投资金额占公司最近一期经审计净资产的 0.16%，不会对公司的 财务状况和经营成果产生不利影响。公司本次与关联方共同投资相关定价遵循公 平、合理的原则，各投资方均以货币形式出资，按所投资金额取得等额合伙企业 财产份额，价 ...

| 证券代码：300429 | 证券简称：强力新材 公告编号：2025-031 | | --- | --- | | 债券代码：123076 | 债券简称：强力转债 | 常州强力电子新材料股份有限公司 关于公司与关联方共同投资暨关联交易的公告 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。 2025 年 7 月 25 日，常州强力电子新材料股份有限公司（以下简称"公司"） 召开第五届董事会第十七次会议及第五届监事会第九次会议，会议审议通过了 《关于公司与关联方共同投资暨关联交易的议案》。现将有关事项公告如下： 一、关联交易概述 公司拟与贵安新区择遇投资管理有限公司、钱晓春、高彩娥、童小林、陈新 杰、李树憬，共同出资设立嘉兴择遇讯耀创业投资合伙企业（有限合伙）（以下 简称"关联交易标的"、"择遇讯耀"、"合伙企业"或"标的"），全体合伙人认缴 出资总额为人民币 3,000 万元。其中，公司作为有限合伙人以自有资金认缴出资 人民币 300 万元，公司关联方公司董事长、控股股东及实际控制人钱晓春先生作 为有限合伙人以自有资金认缴出资人民币 200 万元。 因公司与关联 ...

| 证券代码：300429 | 证券简称：强力新材 | 公告编号：2025-033 | | --- | --- | --- | | 债券代码：123076 | 债券简称：强力转债 | | 常州强力电子新材料股份有限公司 第五届监事会第九次会议决议公告 本公司及监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、监事会会议召开情况 常州强力电子新材料股份有限公司（以下简称"公司"或"强力新材"）（证 券代码：300429，证券简称：强力新材）第五届监事会第八次会议通知于 2025 年 7 月 20 日以直接送达及电话等方式向各位监事发出。会议于 2025 年 7 月 25 日 以现场方式表决召开。会议由监事会主席张海霞女士主持。会议应出席监事三名， 实际出席监事三名。本次会议的召集和召开程序符合国家有关法律、法规及《常 州强力电子新材料股份有限公司章程》等有关规定，会议合法有效。 二、监事会会议审议情况 与会监事以投票表决的方式审议通过了以下议案： 表决结果：[3 票]同意、[0 票]反对、[0 票]弃权。 三、备查文件 1、第五届监事会第九次会议决议。 特此公告。 常 ...

| 证券代码：300429 | 证券简称：强力新材 | 公告编号：2025-030 | | --- | --- | --- | | 债券代码：123076 | 债券简称：强力转债 | | 常州强力电子新材料股份有限公司 关于为全资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、担保情况概述 常州强力电子新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开了第五届董事会第十六次会议及第五届监事会第八次会议，会议审议通过 了《关于公司及子公司、孙公司银行综合授信提供相互担保的议案》。为满足公 司及控股子公司、孙公司日常经营活动需要，公司及控股子公司、孙公司向银行 申请综合授信额度提供相互担保，担保总金额不超过 12 亿元人民币，担保期限 12 个月，自公司 2024 年年度股东大会审议通过之日起算。具体内容详见公司于 2025 年 4 月 29 日在巨潮资讯网（www.cninfo.com.cn）上披露的《关于公司及 子公司、孙公司银行综合授信提供担保的公告》（公告编号：2025-014）。2025 年 5 月 ...

Investment Rating - The report assigns a "Recommended" rating to the photoinitiator industry, marking its first coverage [2]. Core Viewpoints - The supply-demand dynamics in the photoinitiator industry are improving, leading to a potential recovery in industry profitability [3][10]. - The demand side is witnessing a revival in traditional sectors, while emerging applications are opening new opportunities [6][10]. - The industry is expected to see a concentration of production capacity among companies with scale, cost, and technological advantages [9][10]. Summary by Sections Supply and Demand Dynamics - The prices of various photoinitiator products have increased significantly in 2025, with notable price changes: - Photoinitiator 907: 88 CNY/kg (+27.54% since the beginning of the year) - Photoinitiator 184: 45 CNY/kg (+32.35%) - Photoinitiator TPO: 83 CNY/kg (+10.67%) - Photoinitiator ITX: 155 CNY/kg (+16.54%) [5]. - The photoinitiator market in China is projected to grow, with the UV coating market reaching 6.2 billion CNY in 2023 (+8% YoY), UV ink at 5.5 billion CNY (+11% YoY), and UV adhesive at 2.6 billion CNY (+238% YoY) [6][7]. Demand Drivers - The demand for photoinitiators is expected to rise due to recovery in the real estate sector and growth in downstream applications such as UV inks and adhesives used in electronics and packaging [7][10]. - The global 3D printing industry is projected to grow from 20 billion USD in 2023 to 21.9 billion USD in 2024 (+9.1%), with a compound annual growth rate (CAGR) of 18% expected from 2024 to 2034 [7]. - The PCB market is also on an upward trend, with a projected value of 73.6 billion USD in 2024 (+5.8% YoY) and an expected market size of 94.7 billion USD by 2029 [8]. Supply Side and Industry Structure - The production capacity of leading photoinitiator companies in China for 2024 is as follows: - Jiu Ri New Materials: 23,000 tons - Qiang Li New Materials: 17,000 tons - Wo Kai Long: 13,000 tons [9]. - The industry is experiencing a consolidation trend, with production capacity increasingly concentrated among companies with competitive advantages [9][10]. Investment Strategy - The report suggests that the photoinitiator industry is poised for a rebound in profitability as supply-demand conditions improve, and it highlights the potential for price recovery [10]. - Key companies to watch include Jiu Ri New Materials, Qiang Li New Materials, Yang Fan New Materials, and Xin Han New Materials [11].

Investment Rating - The industry investment rating is "Outperform the Market" (maintained) [2] Core Viewpoints - The report highlights the recovery in demand for photoinitiators driven by the continuous growth in the downstream PCB industry, with various grades of photoinitiators seeing price increases [5] - The global PCB market is expected to recover, with a projected total output value of USD 73.57 billion in 2024, reflecting a year-on-year growth of 5.8% [5] - The concentration of production capacity in the photoinitiator industry is increasing, leading to a more favorable supply-side environment for leading companies [5] Summary by Relevant Sections Market Performance - The report indicates a significant price increase for various grades of photoinitiators, with the 907 grade price at CNY 88/kg, up 19% year-to-date [5] Demand Side - The demand for photoinitiators is driven by their critical role in photopolymerization systems, with applications in various sectors including electronics, coatings, and healthcare [5] - The global PCB market value was USD 81.74 billion in 2022, declining to USD 69.52 billion in 2023, but is expected to rebound in 2024 [5] Supply Side - China is the world's largest producer and exporter of photoinitiators, with a significant portion of global production capacity concentrated in leading firms [5] - The report notes that leading companies are expanding their production capacities, while weaker firms may face elimination as industry concentration increases [5] Recommendations - The report suggests focusing on companies such as Jiu Ri New Materials, Yangfan New Materials, and Strongly New Materials as potential investment opportunities [5]

| 证券代码：300429 | 证券简称：强力新材 | 公告编号：2025-029 | | --- | --- | --- | | 债券代码：123076 | 债券简称：强力转债 | | 常州强力电子新材料股份有限公司 关于2025年第二季度可转换公司债券转股情 况的公告 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。 特别提示： 1、"强力转债"（债券代码：123076）转股期为 2021 年 5 月 25 日至 2026 年 11 月 18 日；初始转股价格：18.98 元/股；调整后转股价格：12.70 元/股（生效 日期：2024 年 7 月 24 日）。 2、2025 年第二季度，共有 220 张"强力转债"完成转股（票面金额共计 22,000.00 元人民币），合计转成 1,731 股"强力新材"股票（股票代码：300429）。 3、截至 2025 年第二季度末，公司剩余可转债为 5,825,795 张，票面总金额 为 582,579,500.00 元人民币。 根据《深圳证券交易所创业板股票上市规则》和《深圳证券交易所可转换公 司债券业务实施细则》 ...

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2] Core Viewpoints - The supply-demand relationship is expected to improve, with a recovery in the market for photoinitiators. China is the main producer of photoinitiators, and the industry is becoming increasingly concentrated among leading companies. The demand for photoinitiators is anticipated to rise due to the expansion of UV curing applications [5][29] - The price of sustainable aviation fuel (SAF) has been rising, indicating a potential phase of simultaneous volume and price increases. The recent increase in SAF prices is attributed to China's announcement of an export whitelist and quotas, leading to increased inquiries from European buyers [30][31] Summary by Sections 1. Core Viewpoints - The report highlights the expected improvement in the supply-demand dynamics for photoinitiators, with China being a key player in production and export [5][29] - The report suggests that the price of photoinitiators, which has been at historical lows, is likely to recover due to expanding applications in high-end sectors [5][29] - SAF prices have increased significantly, with European prices reaching 2230 USD/ton, reflecting a 9.85% weekly increase and a 25.14% monthly increase [30][31] 2. Overall Performance of the Chemical Sector - The basic chemical industry index increased by 3.1% during the week, outperforming the Shanghai Composite Index by 1.2% [16] - Year-to-date, the basic chemical industry index has risen by 6.4%, outperforming both the Shanghai Composite Index and the ChiNext Index [16] 3. Individual Stock Performance in the Chemical Sector - Among 424 stocks in the basic chemical sector, 372 stocks rose, with the top performers including Dadongnan (+50%) and Taihe Technology (+48.1%) [25][27] - The report notes significant declines in stocks such as Ningxin New Materials (-18.6%) and Jinniu Chemical (-14.4%) [25][27] 4. Key News and Company Announcements - The report emphasizes the recovery potential for photoinitiators and the rising SAF prices as significant developments in the industry [29][30]