证券日报网讯12月24日，宝丽迪（300905）在互动平台回答投资者提问时表示，目前耀科小试生产线在 苏州，天津主要做合成研发及应用研发工作，苏州主要做生产放大实验及客户应用推广。 ...

Core Viewpoint - The company Baolidi (300905) is advancing its new project for COFs materials, indicating a strategic move to enhance production capacity based on customer validation and future demand [1] Group 1: Project Development - The subsidiary YaoKe's new project for COFs materials involves a construction of 200 tons, with project approval and environmental assessment already submitted to relevant units [1] - The company is progressing with site construction, production line design, equipment customization, and installation in an orderly manner, which will require some time to complete [1] Group 2: Market Strategy - The new project is driven by prior customer validation and aims to prepare for future product volume, indicating a proactive approach to meet anticipated market demand [1] - The production and ramp-up of the COFs materials will primarily depend on client validation results and customer demand, highlighting the importance of market feedback in the production process [1]

Core Viewpoint - The chemical fiber sector experienced a rise of 0.64% on December 5, with Huafeng Chemical leading the gains, while the Shanghai Composite Index and Shenzhen Component Index also saw increases of 0.7% and 1.08% respectively [1] Group 1: Market Performance - The closing price of Huafeng Chemical was 9.66, with a rise of 3.98% and a trading volume of 325,700 shares, amounting to a transaction value of 312 million yuan [1] - Other notable performers included Caidi Industrial, Zhongfu Shenying, and Suzhou Longjie, with respective increases of 2.82%, 2.66%, and 2.48% [1] - The overall trading volume and transaction values for various stocks in the chemical fiber sector were significant, indicating active market participation [1] Group 2: Capital Flow - The chemical fiber sector saw a net outflow of 61.6 million yuan from institutional investors, while retail investors contributed a net inflow of 58.14 million yuan [2] - The capital flow data indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2][3] - Huafeng Chemical had a net inflow of 5.2361 million yuan from institutional investors, despite a net outflow from retail investors [3]

Core Viewpoint - The company, Baolidi (300905.SZ), is currently in the customer validation phase for its COFs materials project, with a 200-ton production line project progressing steadily using existing facilities [1][2]. Group 1: Project Status - The COFs materials project has been in development for over two years, with total investment in the YaoKe project being less than 20 million yuan, indicating manageable investment levels [1][2]. - The company is focusing on product production experiments, product research and development improvements, small batch sample trials, and product promotion [1][2]. Group 2: Future Outlook - The transition from research and development to industrialization for new products requires time and involves certain uncertainties, but it is not expected to significantly impact the company's main business [1][2].

Core Viewpoint - The report highlights the current state and future investment prospects of the chemical fiber industry in China, indicating a mixed performance in export values for 2025 [1] Industry Summary - In October 2025, the total export value of China's chemical fiber manufacturing industry was 5.3 billion, showing a year-on-year decline of 8.2% [1] - Cumulatively, from January to October 2025, the export value reached 58.44 billion, reflecting a year-on-year growth of 3.8% [1] - The report is based on data from the National Bureau of Statistics and is compiled by Zhiyan Consulting, a leading industry research institution in China [1]

Group 1 - The chairman Xu Yiming addressed concerns regarding the small investment scale and limited workforce (25 employees) of the subsidiary YaoKe, indicating that the COFs materials project is currently in the customer validation stage [2] - The company has completed the project establishment for a new 200-ton capacity, which is still undergoing environmental assessment approval, while other construction and equipment customization tasks are progressing in an orderly manner [2] - YaoKe's personnel are primarily focused on production trials, product improvements, and application validations, with plans to supplement staff based on development needs and mass production requirements [2]

R&D and Product Development - The company focuses on functional, green, and diversified product development, expanding from traditional fiber masterbatch to film and plastic applications [20] - Continuous R&D investment and collaboration with academic institutions help maintain a leading position in technology [20] Financial Performance - The company has a low debt ratio, indicating manageable liquidity risk, with strong cash reserves covering short-term debts [3] - The accounts receivable management is strict, with a stable collection rate that is better than the industry average [2] Market and Industry Insights - The Chinese color masterbatch market is expected to maintain steady growth due to ongoing industry expansion and increased environmental awareness [6] - The fiber masterbatch industry is characterized by low concentration, with many small-scale enterprises, leading to a competitive landscape driven by technological upgrades and environmental policies [7] Profitability and Growth Strategies - The company has seen stable and slightly increasing gross margins over the past two years, with plans to enhance market share through smart manufacturing and technological upgrades [8] - Strategies to maintain profit margins include leveraging technological barriers, providing integrated solutions, and capitalizing on scale and location advantages [10] New Material Development - The COFs new material is currently in the client verification phase, with plans for a 200-ton production line under development [11][14] - The company is addressing potential commercialization challenges, including pricing and performance consistency, through innovative production methods [19] Future Outlook - The company aims to focus on green technology, functional material innovation, and collaborative industrial ecosystems, reinforcing its position as a leader in the chemical fiber masterbatch industry [21]

证券代码：300905 证券简称：宝丽迪 公告编号：2025-066 苏州宝丽迪材料科技股份有限公司 出席本次年度网上集体接待日的人员有：公司董事、董事会秘书、副总经理、 财务总监袁晓锋先生，证券事务代表尤心远先生。 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP， 参与本次互动交流，活动时间为 2025 年 12 月 2 日（星期二，15:30-17:00）。 届时公司高管将在线就公司 2025 年前三季度业绩、公司治理、发展战略、 经营状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进 行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 苏州宝丽迪材料科技股份有限公司 董事会 2025 年 11 月 27 日 关于参加 2025 苏州上市公司投资者集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，苏州宝丽迪材料科技股份有限公司（以 下简称"公司"）将参加"2025 苏州上市公司投资者集体接 ...

Group 1 - The company, Baolidi (300905.SZ), has completed the preparation of the environmental impact assessment report for the new 200-ton COFs product [1] - The report has been submitted to the relevant departments for approval but has not yet been approved [1]

Core Viewpoint - The company Baolidi has clarified its role in the production of masterbatches, which involves dispersing high-content functional powders and colorants into carriers for downstream products, enhancing product functionality [2] Group 1: Company Insights - Baolidi's masterbatch products are designed to incorporate high-content functional powders and colorants into carriers, which are then added to downstream products to achieve enhanced functionality [2] - The company is leveraging its dispersion technology for masterbatches and color pastes to support the downstream application of COFs products [2] Group 2: Industry Technology - The COFs product technology from Yaoke is based on organic synthesis techniques, resulting in a porous organic material that also falls under the category of functional powders [2]