Core Viewpoint - The company DaoSheng TianHe Materials Technology Co., Ltd. is positioned as a leading player in the high-growth sector of new materials, attracting significant investor interest due to its strong market position and clear growth trajectory amid the global green wave and the recovery of the A-share market [1] Group 1: Market Potential and Growth Drivers - DaoSheng TianHe operates in the "dual carbon" golden track, focusing on three core product lines: materials for wind turbine blades, new composite resin materials, and adhesives for electric vehicles and industrial applications, aligning with global energy transition and transportation electrification [2] - The global wind power industry is entering a new phase of rapid growth, with the Global Wind Energy Council (GWEC) predicting a compound annual growth rate of 9.4% for new wind power installations from 2024 to 2028, providing substantial market opportunities for upstream material suppliers [2] - The Chinese electric vehicle market is expected to reach a market share of 40.9% by 2024, driving strong demand for high-performance adhesives and lightweight composite materials [2] Group 2: Competitive Advantage and Market Position - DaoSheng TianHe has successfully broken the foreign monopoly in high-end wind power materials, becoming a leading domestic player and benefiting from the trend of domestic substitution [3] - The company's core product, the epoxy resin series for wind turbine blades, has ranked first in global sales for three consecutive years (2022-2024), while its structural adhesives rank second domestically and third globally [3] - DaoSheng TianHe is the only Chinese company supplying both epoxy resin and structural adhesives to the international wind turbine giant Vestas, indicating its product quality and technology have reached international standards [3] Group 3: Technological Strength and Product Portfolio - The company holds 69 valid patents, including 38 invention patents, and has participated in the formulation of national and industry standards, showcasing its technological strength [4] - DaoSheng TianHe has developed advanced polymer synthesis resin production technologies based on epoxy resin, polyurethane, acrylic, and organic silicon, enabling it to meet the application requirements of clients in wind power and electric vehicles [4] - The company's products are used in large wind turbine blades exceeding 147 meters and are widely applied in the "three electric" systems of major automotive manufacturers like BYD and Geely [4] Group 4: Financial Performance and Future Outlook - DaoSheng TianHe is entering an accelerated growth phase, with projected revenue growth of 22.32% to 27.03% and net profit growth of 48.21% to 58.43% in the first three quarters of 2025 [5] - The company is actively incubating new growth curves and plans to expand into photovoltaic, consumer electronics, semiconductors, and rail transportation sectors, indicating significant future growth potential [5] - The upcoming IPO is a critical step for the company to deepen its development in the electric vehicle and high-end composite materials sectors [5] Group 5: Investment Opportunity - DaoSheng TianHe represents a quality investment opportunity for investors looking to share in the benefits of China's green economic transition, characterized by its leading market position, technology-driven approach, and clear strategic direction [6]
剖析道生天合IPO投资价值：新材料龙头如何领航“双碳”时代
Zheng Quan Shi Bao Wang·2025-09-22 05:55