上会在即，新广益头顶“以价换量”双刃剑

Group 1 - The core viewpoint of the article is that Suzhou Xinguangyi Electronic Co., Ltd. is about to undergo a significant review by the Shenzhen Stock Exchange after being in the inquiry phase for over two years [1] - Xinguangyi specializes in the research, production, and sales of high-performance special functional materials, with its main products being anti-bleeding special films and strong resistance special films [2] - The company claims to be the domestic leader in the anti-bleeding special film segment, holding the largest market share in China [2] Group 2 - The company plans to raise 638 million yuan for the construction of functional material projects, which will produce products such as high-end TPX anti-bleeding special films and acoustic films [2] - From 2022 to 2024, the company's main business revenue is projected to grow from 455 million yuan to 657 million yuan, with net profits increasing from approximately 81.51 million yuan to 116 million yuan [4] - In the first half of 2025, the company reported revenue of 313 million yuan, a year-on-year increase of 10.24% [4] Group 3 - Despite revenue and profit growth, the company's gross margin has been under pressure, declining from 38.74% in 2020 to 31.76% in 2022, a drop of about 7 percentage points [5] - The company's gross margin has remained around 31% to 32% during the reporting period, indicating it has not yet recovered to the 2020 levels [6][7] - The company acknowledges that if raw material prices rise significantly and it cannot pass on costs to customers, its gross margin may decline further [7] Group 4 - The average selling price of the company's anti-bleeding special films and strong resistance special films has shown a downward trend, particularly with its largest customer, Pengding Holdings [8] - The average selling price of strong resistance special films decreased from 3.50 yuan/square meter to 3.06 yuan/square meter over the reporting period [9] - The company anticipates a price decline of about 5% for these products in 2023 and 2024 compared to the previous periods [9]