【机构调研记录】东海基金调研聚和材料

Group 1 - The core viewpoint of the article highlights the recent research conducted by Donghai Fund on a listed company, Juhe Materials, which has shown promising performance in its copper paste products and plans to launch a second-generation product in Q3 2025 [1] - Juhe Materials has successfully passed multiple reliability tests for its copper paste products and has begun small-scale shipments, indicating strong product performance [1] - The company is expanding into adhesive and high-end electronic paste markets, aiming to break the overseas monopoly and enter the supply chains of leading customers [1] Group 2 - Juhe Materials' perovskite back electrode paste has gained recognition from clients such as CATL, showcasing its competitive edge in the market [1] - The company anticipates a shipment volume of 8 tons for BC paste by the first half of 2025, with monthly shipments exceeding 2 tons, indicating potential for processing fee premiums [1] - Donghai Fund, established in 2013, manages a total asset scale of 28.42 billion yuan, ranking 105th among 210 in public fund management [1]