Core Viewpoint - The company Baolidi's subsidiary, Yaoke, is currently validating and promoting COFs materials across multiple application directions, which involves a significant amount of time and uncertainty in progress and results [2] Group 1 - The validation and promotion of COFs materials by the subsidiary are ongoing and require time [2] - The company will disclose information regarding the progress and results in accordance with relevant regulations, ensuring timely and accurate updates [2] - Investors are encouraged to continuously monitor the company's information disclosures for updates [2]

Core Viewpoint - The company Baolidi (300905.SZ) is focused on the application of masterbatch technology to enhance the functionality of downstream products through the dispersion of high-content functional powders and colorants [1] Group 1 - The company's masterbatch primarily disperses high-content functional powders and colorants into a carrier for downstream product integration [1] - The technology of YaoKe's COFs products is based on organic synthesis, resulting in a porous organic material that also falls under the category of functional powders [1] - The company's dispersion technology for masterbatches and color pastes can support the downstream application of COFs products [1]

Core Viewpoint - The company responds to an investor inquiry regarding the synergy between its color masterbatch technology and YaoKe's COFs technology, highlighting the functional aspects of both technologies and their potential collaboration in downstream applications [1] Company Technology - The company's color masterbatch primarily disperses high-content functional powders and colorants into a carrier, which is then added to downstream products to enhance functionality [1] - The company's dispersion technology for masterbatches and color pastes can support the downstream use of COFs products [1] Industry Context - YaoKe's COFs product technology is based on organic synthesis, resulting in a porous organic material that also falls under the category of functional powders [1]

每经AI快讯，有投资者在投资者互动平台提问：公司子公司耀科官网展示的NKCOF-10材料，用途是固 态电解质材料，而公司董秘多次公开回答投资者均是言之凿凿的说"公司COFS尚未开展固态、半固态电 池相关领域的验证""公司产品确实尚未开展上述领域的相关验证，同时也未收到下游客户在上述领域验 证的相关信息"，到底谁的说法对？ （记者 曾健辉） 宝丽迪（300905.SZ）11月21日在投资者互动平台表示，尊敬的投资者，感谢您的关注与提问，公司 NKCOF-10材料是公司开发的COFs产品系列其中一款，目前仅为试剂级合成，尚未开展上述电池领域 的批量验证，相关验证信息，公司会按照相关规定，如实、准确、及时披露。 ...

Core Insights - The company, Suzhou Baolidi Materials Technology Co., Ltd., hosted a specific investor research activity on November 20, 2025, attended by five institutions, discussing performance growth, debt levels, new product development, and overseas operations [1][2]. Group 1: Performance Growth - The company's performance growth in the first three quarters is attributed to both external industry benefits and internal optimization efforts. The Chinese color masterbatch market is experiencing steady growth due to ongoing industry expansion, national policy support, and increased environmental awareness among the public [3]. - Internally, the company has enhanced automation and AI applications to control costs and optimize product structure, while also increasing R&D investment to maintain competitive advantages [3]. Group 2: Debt Levels - The company reported a low debt-to-asset ratio, indicating a stable debt level with manageable liquidity risks. The substantial cash reserves provide a solid financial foundation for ongoing operations and future development [4]. Group 3: New Product Development - The company focuses its new product development on three main directions: functionalization, greening, and diversification. It has successfully expanded product applications into new areas such as film and plastics while maintaining its traditional strengths [5]. Group 4: Overseas Operations - The company's Turkish factory, established in partnership with Ibrahim Halil Kara, is producing color masterbatch products primarily for the local carpet and fiber industries. Sales and profits from the Turkish operations are stable and slightly increasing, with efforts underway to build a local team to explore regional market potential [6].

Group 1: Company Performance - The company's performance in the first three quarters is attributed to industry growth, national policy support, and increased public environmental awareness, leading to stable growth in the color masterbatch market [1] - The company has improved its automation and AI capabilities, which aids in cost control and product structure optimization [1] - The company focuses on capacity optimization and cost control in the short term while exploring new material applications in the medium to long term [1] Group 2: Financial Health - The company has a low asset-liability ratio, indicating manageable liquidity risk [1] - Ample cash reserves are available to cover short-term debts, with strong coverage of current assets over current liabilities [1] Group 3: Accounts Receivable Management - The company maintains strict control over accounts receivable, primarily dealing with long-term partners in the chemical fiber industry [2] - Although some high-quality clients may experience slightly extended payment terms, the company's accounts receivable stability is better than the industry average [2] Group 4: Research and Development - The company focuses on functional, green, and diversified strategies in its product development within the chemical fiber masterbatch sector [2] - Continuous R&D investment and collaboration with academic institutions help maintain the company's technological leadership and explore new growth areas [2] Group 5: International Operations - The company has established a Turkish subsidiary, holding an 80% stake, to serve the local carpet and chemical fiber industries [2] - Sales and profits from the Turkish factory are stable and show slight growth, with efforts to develop a local team and explore regional market potential [2]

Market Overview - The chemical fiber sector experienced a decline of 1.3% on November 19, with Cai Die Industrial leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - Notable gainers in the chemical fiber sector included: - Baogudi (300905) with a closing price of 33.59, up 2.75% and a trading volume of 63,400 shares [1] - Montai High-tech (300876) at 31.92, up 2.14% with 19,900 shares traded [1] - Major decliners included: - Cai Die Industrial (603073) at 19.31, down 5.11% with a trading volume of 28,000 shares [2] - Wanwei High-tech (600063) at 6.42, down 4.89% with 786,400 shares traded [2] Capital Flow - The chemical fiber sector saw a net outflow of 196 million yuan from institutional investors, while retail investors contributed a net inflow of 176 million yuan [2] - The detailed capital flow for selected stocks showed: - Baogudi (300905) had a net inflow of 27.05 million yuan from institutional investors [3] - Cai Die Industrial (603073) experienced a net outflow of 11.68 million yuan from institutional investors [3]

南财智讯11月14日电，宝丽迪公告，公司持股5%以上股东云南国际信托有限公司-云南信托-开睿210号 单一资金信托通过集中竞价方式，在2025年11月3日至2025年11月14日期间合计减持公司股份99.5万 股，占公司总股本的0.5565%。本次减持后，该股东持有公司股份8,505,000股，占总股本的4.7569%。 本次减持计划已实施完毕，符合相关法律法规及规范性文件的规定，不会导致公司控制权发生变更，也 不会对公司治理结构及持续经营产生重大影响。 ...

Market Overview - The chemical fiber sector experienced a decline of 0.31% on November 14, with Baolidi leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Notable gainers in the chemical fiber sector included: - Huylong New Material (301057) with a closing price of 31.04, up 11.61% [1] - Anhui Weaving High-tech (600063) with a closing price of 6.98, up 3.87% [1] - Sanfangxiang (600370) with a closing price of 3.00, up 3.81% [1] - Major decliners included: - Baolidi (300905) with a closing price of 34.43, down 3.75% [2] - Jilin Chemical Fiber (000420) with a closing price of 4.14, down 3.50% [2] - Juhe Shun (605166) with a closing price of 11.25, down 2.43% [2] Trading Volume and Capital Flow - The total trading volume for the chemical fiber sector showed significant activity, with Huylong New Material achieving a volume of 90,700 hands and a transaction value of 285 million [1] - The sector saw a net outflow of 11.88 million from main funds, while retail funds experienced a net outflow of 33.73 million [2][3] - Notable net inflows from speculative funds amounted to 45.61 million [2][3] Individual Stock Capital Flow - New Xiang Chemical Fiber (000949) had a main fund net inflow of 92.19 million, but a net outflow of 96.51 million from retail investors [3] - Anhui Weaving High-tech (600063) saw a main fund net inflow of 85.80 million, with retail investors experiencing a net outflow of 55.87 million [3] - New Fengming (603225) had a main fund net inflow of 41.06 million, while retail investors faced a net outflow of 17.98 million [3]

Core Insights - The chemical fiber sector experienced a significant increase of 2.55% on November 13, with Wanwei High-tech leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Wanwei High-tech (600063) closed at 6.72, with a rise of 9.98% and a trading volume of 1.5685 million shares, amounting to a transaction value of 1.027 billion [1] - Baolidi (300905) saw a closing price of 35.77, increasing by 5.52% with a trading volume of 92,500 shares, totaling 325 million [1] - Taihe New Materials (002254) closed at 10.74, up 4.27%, with a trading volume of 432,100 shares and a transaction value of 463 million [1] - Huafeng Youxue (002064) closed at 10.18, increasing by 4.09% with a trading volume of 418,700 shares, amounting to 418 million [1] - Jilin Chemical Fiber (000420) closed at 4.29, up 2.88%, with a trading volume of 870,300 shares and a transaction value of 371 million [1] Capital Flow - The chemical fiber sector saw a net inflow of 171 million from institutional investors, while retail investors experienced a net outflow of 50.55 million [2][3] - Wanwei High-tech had a net inflow of 128 million from institutional investors, while retail investors saw a net outflow of 61.72 million [3] - Baolidi experienced a net inflow of 36.25 million from institutional investors, with a net outflow of 26.94 million from retail investors [3]