【私募调研记录】高毅资产调研国瓷材料

Group 1 - Gao Yi Asset recently conducted research on a listed company, Guoci Materials, focusing on its dual solid electrolyte technology routes: oxide and sulfide [1] - Guoci Materials has established a joint venture to specialize in sulfide technology, with products currently undergoing customer validation [1] - The company's honeycomb ceramic products have shown steady growth in the first half of the year, covering domestic independent automotive brands and entering the supply chain of international leading automotive companies [1] - Guoci Materials is preparing for the launch of National VII and Euro VII products [1] - The subsidiary, Guoci Saichuang, has developed ceramic substrates for optical modules, which are now in mass production and small batch sales, with plans for increased investment after the completion of the second-phase factory [1] - The impact of rare earth regulations on MLCC (Multi-Layer Ceramic Capacitors) is limited, with sales growth and adjustments made to the prices of some older products to expand market share in automotive and server MLCCs [1] - Guoci Kanglitai maintains stable revenue while developing new high-end functional ceramic inks and digital glazes, expanding into overseas markets and creating new textile ink products [1] Group 2 - Gao Yi Asset Management is a prominent private equity fund management company in China, known for its strong research capabilities and large management scale [2] - The company focuses on capital markets and aims to provide top-notch research support, channel resources, brand endorsement, capital connection, and operational maintenance for outstanding investment managers [2] - Gao Yi Asset has a research team of over 30 members, including several star investment managers with long-term excellent performance and rich market experience [2] - The leadership team includes Chairman Qiu Guolu, Chief Investment Officer Deng Xiaofeng, and Chief Research Officer Zhuoliwei, among others [2]