康达新材上半年净利润同比增长190.56% 核心业务与新增长曲线双发力

Core Insights - Kangda New Materials (Group) Co., Ltd. reported significant growth in its 2025 semi-annual report, with a revenue of 2.258 billion yuan, representing a year-on-year increase of 65.75% [1] - The net profit attributable to shareholders reached 51.1737 million yuan, up 190.56% year-on-year, while the net profit after deducting non-recurring items was 31.3068 million yuan, reflecting a growth of 152.62% [1] - The main driver of this performance was the adhesive and specialty resin materials business, which generated 1.987 billion yuan in revenue, a remarkable increase of 118.83%, accounting for 87.98% of total revenue [1] Business Expansion - The company is expanding its production capacity, with the Tangshan Fengnan District adhesive new materials production base entering trial production, and the Fujian Shaowu base officially in production and gradually releasing capacity based on market demand [2] - Kangda New Materials has also extended its upstream reach into the epoxy resin sector through its controlling stake in Dalian Qihua New Materials Co., Ltd., allowing for self-control of key materials while exploring related fields such as specialty resins [2] Emerging Business Segments - The electronic information materials segment has emerged as a significant support for the company's "second growth curve," with LTCC (Low-Temperature Co-Fired Ceramics) materials generating revenue of 44.5483 million yuan, marking a year-on-year increase of 66.61% [2] - A subsidiary, Shanghai Jingcai New Materials Technology Co., Ltd., has become the sole domestic supplier of a specific type of raw material tape for several new research equipment projects, indicating substantial potential for import substitution [2]