格隆汇10月21日丨美联新材(300586.SZ)在投资者互动平台表示，公司三聚氯氰的市场需求平稳，近期 三聚氯氰的价格持续小幅上涨。 ...

Core Viewpoint - The company is actively working with domestic downstream customers to validate its EX electronic materials, aiming for early mass procurement and usage by these clients [1] Group 1 - The validation cycle for electronic materials is lengthy, prompting the company to accelerate the engineering testing process [1] - The goal is to facilitate early bulk purchasing and usage by domestic customers [1]

格隆汇10月21日丨美联新材(300586.SZ)在投资者互动平台表示，公司三聚氯氰的市场需求平稳，近期 三聚氯氰的价格持续小幅上涨。 ...

证券日报网讯美联新材（300586）10月15日在互动平台回答投资者提问时表示，二级市场股价受多重因 素影响，请理性看待。公司将持续做好经营管理和新产品开发、新项目建设投产等工作，努力做大做强 美联新材，争取给投资者一个满意的投资回报。 ...

Group 1 - The solid-state battery industry is set to hold a significant event, the CINE2025 Solid-State Battery Exhibition and Industry Annual Conference, from November 6-8, 2025, in Guangzhou, with over 200 exhibitors and 20,000 professional attendees expected [2] - The lithium battery separator industry shows a positive trend in revenue growth, with over 50% of companies reporting year-on-year revenue increases in the first half of 2025, particularly notable is the 26.48% revenue growth of China National Materials [3][30] - The highest gross margin in the lithium battery separator sector is reported by Purtai at 32.10%, while Dongfeng shares the lowest at 4.08% [3][4] Group 2 - The net profit of the lithium battery separator industry has generally decreased due to ongoing price reductions, with only China National Materials, Purtai, and Dongfeng reporting increases in net profit and net margin [5][20] - Purtai achieved a revenue of 13.19 billion yuan in the first half of 2025, reflecting a 6.88% increase, while net profit decreased by 6.15% [24][36] - China National Materials reported a significant revenue increase of 26.48% to 133.3 billion yuan, with net profit rising by 114.92% to 9.99 billion yuan [30][31] Group 3 - The shipment volume of lithium battery separators showed positive growth in the first half of 2025, with Purtai and China National Materials reporting increases of 63.85% and 60% respectively [8][9] - The company Star Source Materials, a leader in lithium-ion battery separator production, reported a revenue of 18.98 billion yuan, a 14.78% increase, but a net profit decline of 58.53% [13][14] - Enjie Co., as a leading enterprise in the lithium battery separator industry, reported a revenue of 57.63 billion yuan, a 20.48% increase, but a significant net profit decline of 131.99% [20][21] Group 4 - The company Cangzhou Mingzhu, which has developed both dry and wet separator technologies, reported a revenue of 344.64 million yuan, a 19.88% increase, while maintaining stable gross margins [22][23] - Longyang Technology experienced a revenue decline of 18.81% to 52.53 million yuan, with a net profit of -0.09 million yuan, reflecting a significant drop [52][53] - Hengli Petrochemical reported a revenue of 1,039 billion yuan, a decrease of 7.68%, with a net profit of 30.5 billion yuan, down 24.08% [42][43]

格隆汇9月25日丨美联新材(300586.SZ)在投资者互动平台表示，公司EX产品可用于制造高端芯片封装载 板，目前暂时未与美光公司达成合作意向。 ...

格隆汇9月25日丨美联新材(300586.SZ)在投资者互动平台表示，公司EX产品可用于制造高端芯片封装载 板，目前暂时未与美光公司达成合作意向。 ...

Group 1 - The company is exploring expansion plans for its new EX electronic materials in response to market demand [1] - The new production capacity for EX electronic materials is being studied based on the development of the PCB industry [1]

Core Viewpoint - Meilian New Materials Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable increase in stock price year-to-date but a decline in net profit for the recent period [1][2]. Financial Performance - As of September 10, 2025, Meilian New Materials reported a revenue of 878 million yuan, representing a year-on-year growth of 3.10%. However, the net profit attributable to shareholders was -16.19 million yuan, a significant decrease of 146.89% compared to the previous year [2]. - The company has distributed a total of 121 million yuan in dividends since its A-share listing, with 35.56 million yuan distributed over the last three years [3]. Stock Market Activity - On September 22, the stock price of Meilian New Materials increased by 2.01%, reaching 11.15 yuan per share, with a trading volume of 101 million yuan and a turnover rate of 1.72%. The total market capitalization stood at 7.93 billion yuan [1]. - The stock has experienced a year-to-date increase of 36.98%, a 5-day increase of 3.24%, a 20-day decline of 12.82%, and a 60-day increase of 4.50% [1]. Shareholder Information - As of September 10, 2025, the number of shareholders increased to 25,400, reflecting a rise of 7.51%. The average number of circulating shares per person decreased by 6.99% to 21,014 shares [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited exited the list of the top ten circulating shareholders [3]. Business Overview - Meilian New Materials, established on June 20, 2000, and listed on January 4, 2017, specializes in the research, production, sales, and technical services of polymer composite coloring materials, providing integrated solutions for plastic coloring [1]. - The company's main revenue sources include color masterbatches (38.70%), melamine (33.23%), other (17.88%), battery separators (6.55%), and high-performance colorants (3.63%) [1].

Group 1 - The company held an earnings briefing on September 19, 2023, discussing project progress and business layout with investors [1] - The Dazhou project is expected to begin trial production in September 2026, with a focus on cost advantages despite rising raw material prices [1] - The company's color masterbatch business has a gross margin of only 11%, significantly lower than competitors, prompting efforts to enhance product competitiveness [2] Group 2 - The company is involved in a partnership with Starry Sodium Electric, which is exploring the use of Prussian blue cathode materials for sodium-ion batteries, although no procurement details were confirmed [3] - The EX electronic materials have been validated for HBM stacking packaging, with applications in high-frequency copper-clad laminates for AI servers, and are already part of the supply chain for NVIDIA [4] - The company plans to expand EX electronic materials production capacity in response to market potential, despite limited sales in the first half of the year [4][5] Group 3 - The company is making progress with Prussian blue cathode materials, aiming for mass production and sales in upcoming projects [5] - The company is implementing cost reduction and efficiency improvement measures at its Anhui subsidiary to enhance sales revenue [4] - The Sichuan Xuanhan project is currently under construction and has not yet commenced production [4]