WENZHOU HONGFENG(SZ:300283) Quan Jing Wang·2025-08-04 11:35Core Viewpoint - Wenzhou Hongfeng has established a wholly-owned subsidiary, Wenzhou Hongfeng New Materials Research Institute, with an investment of 10 million RMB to enhance its R&D capabilities and create a collaborative innovation ecosystem in the new materials sector [1][7] Group 1: Investment and Establishment - The establishment of the Hongfeng New Materials Research Institute aims to consolidate R&D resources and improve the commercialization of technological achievements [1] - The research institute will focus on overcoming key technologies and enhancing independent innovation capabilities in the new materials field [1][7] Group 2: Market Potential and Growth - The Chinese metal composite materials market is projected to grow from 26.4 billion RMB in 2020 to 42 billion RMB in 2024, with a compound annual growth rate (CAGR) of 12.31%, further increasing to 61 billion RMB by 2027 [2] - The demand for high-performance alloy materials is driven by the rapid development of strategic emerging industries such as new energy and 5G communications [2] Group 3: Technological Advancements - The research institute will leverage AI algorithms to focus on core areas such as high-performance ultra-thin lithium battery copper foil and semiconductor etching materials [2] - The company has developed significant new materials, including precision composite materials for lithium batteries and silver-copper composite materials for electric circuit protection systems [6] Group 4: Industry Position and Capabilities - Wenzhou Hongfeng is recognized as a leading provider of new alloy functional composite materials and has established itself as a core supplier in strategic emerging industries [3][7] - The company has a total of 144 effective authorized patents, including 106 invention patents, showcasing its strong R&D capabilities and industry influence [6]