ZAISHENG TECHNOLOGY(SH:603601) Yang Shi Wang·2025-07-03 08:14Core Insights - Chongqing's private enterprises achieved an import and export value of 144.23 billion yuan in the first five months of 2025, accounting for 49.2% of the city's total foreign trade, highlighting their significant role in the local economy [1] - A specific private enterprise is making breakthroughs in industrial subfields such as new materials and applications, showcasing its innovative capabilities and market sensitivity [1] Company Developments - The company has developed a new type of air filtration paper made from glass fibers, which can be observed under a microscope, indicating a structural revolution in the microscopic world [5] - These glass fibers are ultra-fine and soft, possessing significant energy due to their thermal insulation, soundproofing, and fire resistance properties, making them a key material in modern industrial applications [7] - The company has become one of only three globally capable of producing "aircraft cotton," positioning China as the third country, after the U.S. and Japan, to master the mass production technology of aviation-grade ultra-fine fiber cotton [12] - The first batch of "aircraft cotton" was delivered in 2021 and was used in the first C919 aircraft, leading to orders from U.S. companies [14] Technological Advancements - The company holds 221 patents, with 91 being invention patents, showcasing its strong R&D capabilities and contributions to the domestic aviation industry [16] - The company is extending its product development and technical service ecosystem, exploring new market opportunities and creating new spaces for production and life [18] Applications and Market Expansion - The company is applying its materials in various fields, including hospitals, clean rooms, automotive, and high-speed rail, with future plans for home decoration and office applications [24] - Innovative applications include installing "invisible air conditioning" in electric vehicle batteries and creating sterile environments for semiconductor materials, demonstrating the versatility of its technology [26] - European companies are actively seeking deep cooperation with the company in the clean air sector, indicating growing international interest and investment in its technologies [28]