开源证券发布能之光研报，高分子助剂小巨人，国产替代瞄向光伏/汽车改性材料

Group 1 - The company Nengzhiguang (920056.SH) is recognized as a national-level "little giant" in the polymer additives and functional polymer materials sector, with a net profit CAGR of 60% over the past three years [2] - The demand for polymer materials is increasing year by year, providing significant growth opportunities for domestic replacement enterprises [2] - The average PE (TTM) of comparable companies is 95.44X, indicating that the company has stronger research capabilities compared to its peers [2]