异动分析 可降解塑料+3D打印+跨境电商+人民币贬值受益+一带一路 1、宁波家联科技股份有限公司的主营业务是塑料制品、生物全降解制品及植物纤维制品的研发、生产 与销售。公司的主要产品是塑料制品、生物全降解制品、植物纤维制品、纸制品及其他。 塑料制品、 生物全降解制品及植物纤维制品的研发、生产与销售。 2、2025年6月17日互动易，公司专注于PLA材料的研发与应用，并在消费级FDM材料及制品领域提前 布局并产业化。目前，公司暂未与泡泡玛特开展合作。公司生产的3D打印耗材具备广泛的应用前景， 可覆盖工业设计、教育、玩具手办、医疗等多个领域，其技术特性能够为潮流玩具制作等场景提供材料 支持。 3、根据2022年12月9日互动易，公司为全球塑料餐饮具制造行业的领先企业，公司产品销售以外销为 主，外销区域主要分布在北美洲、欧洲及大洋洲等发达国家和地区，公司目前的主要海外客户为海内外 知名大型商超以及连锁餐饮企业，2021年公司外销占比达70.47%。同时公司也开拓了跨境电商平台的 线上市场对产品进行境外推广和销售。 4、根据2024年年报，公司海外营收占比为55.43%，受益于人民币贬值。 5、2025年9月2日互动 ...

浙江，餐饮包材产业绕不开的地方。 更耐人寻味的是，这些公司的创始人，都来自同一个地方：浙江。这并非巧合。当新茶饮、西式快餐在前端激烈厮杀时，一群低调的浙江商人，正在幕后 稳稳赚钱，掌控着包材这条隐形且刚需的供应链。 01.包材江湖里的"浙江军团" 就像烘焙界的"江西帮"、冻品圈的"河南帮"，包材江湖也有一个"浙江帮"。他们以供应链的深度绑定，悄然划定了自己的版图。而台州无疑是这股势力 的"心脏"。 台州以活跃的民营经济闻名，其中模塑产业是重点培育的七大千亿级产业集群之一，产业基础雄厚。行业内也素有"世界塑料看中国，中国塑料看台州"之 说。A股上市的富岭股份与已在北交所过会的新天力，都是在台州诞生。 新天力创始人何麟君是位土生土长的台州人。1990年，何麟君在上海一处饮料售卖亭买饮料，当其亲眼目睹自己刚刚用过的饮料杯，被回收后只是简单冲 洗，便倒上饮料转递给下一位顾客后，内心不平静了。清洗麻烦、卫生存疑的场景，让何麟君嗅到了商机。 何麟君拿着家里赞助的20万，与姐夫王卫兵成立新天地塑料厂，做起了一次性塑料食品容器生意。1992年，何麟君带上2万个一次性塑料杯来上海推销， 一下就卖出去了20箱。 而后，何麟君的塑 ...

Core Viewpoint - The stock of Ningbo Jialian Technology Co., Ltd. experienced a significant increase of 7.52% on February 13, with a trading volume of 220 million yuan and a market capitalization of 5.274 billion yuan [1] Group 1: Company Overview - Ningbo Jialian Technology Co., Ltd. specializes in the research, production, and sales of plastic products, biodegradable products, and plant fiber products [2][7] - The company’s main revenue sources are plastic products (84.41%), biodegradable products (14.25%), and other products (1.34%) [7] Group 2: Business Operations - The company focuses on the research and application of PLA materials and has made early investments in the consumer-grade FDM materials and products sector [2] - The Thai factory serves as a key overseas production capacity node, with multiple production lines for 3D printing filaments, plastic dining utensils, and plant fiber products gradually entering production [2] Group 3: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.865 billion yuan, representing a year-on-year growth of 8.25%, while the net profit attributable to the parent company was -73.8145 million yuan, a decrease of 209.95% year-on-year [8] - As of September 30, 2025, the company had a shareholder count of 6,828, an increase of 15.61% from the previous period [8] Group 4: Market Position and Strategy - The company is a leading player in the global plastic dining utensils manufacturing industry, with a significant portion of sales directed towards exports, primarily to developed regions such as North America, Europe, and Oceania [3] - The company has also expanded its online market presence through cross-border e-commerce platforms [3]

Group 1 - The core viewpoint of the news is that JiaLian Technology's stock has increased by 5.45%, reaching a price of 26.50 CNY per share, with a trading volume of 1.17 billion CNY and a turnover rate of 3.31%, resulting in a total market capitalization of 5.172 billion CNY [1] - JiaLian Technology, established on August 7, 2009, and listed on December 9, 2021, is located in Ningbo, Zhejiang Province, and primarily engages in the research, production, and sales of plastic products, biodegradable materials, and plant fiber products. The revenue composition is as follows: plastic products 84.41%, biodegradable products 14.25%, and others 1.34% [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under China Merchants Fund, specifically the China Merchants Balanced Optimal Mixed A (024027), has entered the top ten circulating shareholders with 2.0816 million shares, accounting for 1.51% of the circulating shares. The estimated floating profit today is approximately 2.8518 million CNY [2] - The China Merchants Balanced Optimal Mixed A (024027) fund was established on September 4, 2025, with a latest scale of 4.25 billion CNY. Year-to-date, it has achieved a return of 5.64%, ranking 4285 out of 8890 in its category, while it has a cumulative loss of 1.12% since inception [2] Group 3 - The fund manager of China Merchants Balanced Optimal Mixed A (024027) is Wu Xiao, who has a cumulative tenure of 9 years and 49 days. The total asset scale of the fund is 15.412 billion CNY, with the best fund return during his tenure being 145.29% and the worst being -13.26% [3]

格隆汇2月13日丨家联科技(301193.SZ)涨6.65%，报26.800元，股价创历史新高，总市值52.31亿元。 ...

Core Viewpoint - The company, Jialian Technology, is focused on providing customized, comprehensive packaging solutions for major domestic and international supermarkets, restaurant enterprises, and leading tea brands in China, with a significant increase in demand driven by online marketing activities and the Spring Festival consumption peak [1] Group 1: Business Focus - The company offers a wide range of customized packaging products, including plastic and fully biodegradable materials for milk tea cups, lids, thermal bags, plastic cups, bottles, and straws [1] - The existing client base includes several top-tier enterprises both domestically and internationally [1] Group 2: Market Opportunities - Recent market demand for new tea beverages has significantly increased due to a combination of large model online marketing activities and the Spring Festival consumption peak [1] - The company plans to leverage supply chain efficiency and product development capabilities to respond to dynamic customer needs and seize market growth opportunities [1]

Core Viewpoint - Company is actively expanding its 3D printing filament production capacity in Thailand, collaborating with leading 3D printing firms for supply of consumables while maintaining confidentiality on specific agreements [2] Group 1: Production Capacity - The 3D filament production line at the Thailand factory is being deployed as planned, with capacity being rapidly released [2] - Future capacity expansion will primarily be achieved through the planning and construction of new dedicated production lines due to different manufacturing processes [2] Group 2: Collaboration and Technology - Company has initiated collaborations with several leading 3D printing enterprises for the supply of 3D printing consumables [2] - The company leverages its long-term technological accumulation in biodegradable materials for the research and production of material formulations in the 3D printing consumables [2]

Core Viewpoint - The company, Ningbo Jialian Technology Co., Ltd., is experiencing growth in its stock performance and is positioned to benefit from trends in biodegradable plastics, 3D printing, and cross-border e-commerce, despite facing challenges in profitability [2][3]. Group 1: Company Overview - Ningbo Jialian Technology specializes in the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a revenue composition of 84.41% from plastic products, 14.25% from biodegradable products, and 1.34% from other sources [7]. - The company was established on August 7, 2009, and went public on December 9, 2021 [7]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.865 billion yuan, representing a year-on-year growth of 8.25%, while the net profit attributable to shareholders was -73.8145 million yuan, a decrease of 209.95% year-on-year [8]. - As of September 30, 2025, the company had 6,828 shareholders, an increase of 15.61% from the previous period, with an average of 20,195 circulating shares per person, down by 11.47% [8]. Group 3: Market Position and Trends - The company is a leading player in the global plastic dining utensils manufacturing industry, with a significant portion of its sales focused on exports, primarily to developed regions such as North America, Europe, and Oceania [3]. - The company has also been expanding its online market presence through cross-border e-commerce platforms [3]. Group 4: Production Capacity and Expansion - The company has established a significant overseas production capacity in Thailand, which includes production lines for 3D printing materials, plastic dining utensils, and plant fiber products, with these lines gradually entering production [2][3]. Group 5: Stock Performance - On February 11, the company's stock rose by 4.77%, with a trading volume of 143 million yuan and a turnover rate of 4.24%, bringing the total market capitalization to 4.799 billion yuan [1].

Core Viewpoint - The company has successfully supplied 3D printing materials to leading companies in the industry and is expanding its production capacity in both domestic and Thai factories [1] Group 1 - The company has achieved supply agreements with some of the leading 3D printing firms [1] - The production capacity of the first phase of the 3D printing filament line at the Thai factory has been fully released [1] - The company is continuously investing in the second phase of the 3D filament production line in both domestic and Thai factories, with capacity being rapidly released [1]

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The demand for pulp molding products is primarily driven by the need to replace rigid, cushioning, and breathable products such as plates, food containers, and egg trays, with limitations in producing hollow, transparent, and refined products like straws and films compared to PLA, which offers better thermoplasticity, transparency, and ductility [3] - The U.S. remains the largest market for China's pulp molding exports, accounting for 41.3% of the total export value, indicating strong domestic demand [8] - The growth in pulp molding exports to the U.S. post-2020 is attributed to policy-driven demand, consumer preferences, and improvements in supply-side technology and processes [8] Summary by Sections Pulp Molding vs. PLA Applications - Pulp molding is suitable for making rigid containers that can hold food, while PLA excels in producing thin-walled, flexible dining accessories [7] - Pulp molding products are more environmentally friendly and have lower degradation difficulty compared to PLA, which requires specific conditions for composting [19] - Pulp molding products are generally more cost-competitive than PLA, with lower raw material costs leading to higher profit margins for manufacturers [23] Market Trends and Policies - The U.S. has implemented stricter plastic regulations since 2020, promoting the use of pulp molding products [14][16] - The introduction of Extended Producer Responsibility (EPR) in various U.S. states places the onus of waste management on producers, further encouraging the shift towards sustainable materials [16] - In contrast, China's plastic policies are less stringent, focusing more on promotion rather than strict regulations [16] Production Capacity and Growth - By 2025, China's pulp molding production capacity is expected to exceed 2.5 million tons, representing 56.8% of global capacity, with a significant increase in production rates [51][56] - The production process has evolved from dry pressing to include semi-dry and direct pressing technologies, enhancing efficiency and reducing energy consumption [39][40] Competitive Landscape - U.S. companies focused on pulp molding are facing challenges due to high production costs, leading to exits from the market by several firms [58] - Footprint, a leading pulp molding company, faced significant financial losses, leading to its failed IPO attempt, highlighting the financial pressures within the industry [76]