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道生天合IPO:风电环氧树脂全球龙头 赋能绿色能源与新材料产业升级
Sou Hu Cai Jing·2025-09-24 02:13

Core Viewpoint - The new energy industry chain is entering a golden development period amid the global energy transition and "dual carbon" goals, with Daosheng Tianhe Materials Technology (Shanghai) Co., Ltd. officially launching its public offering to strengthen its leading position in the new materials sector [2][5]. Group 1: Company Overview - Daosheng Tianhe, established in 2015 and headquartered in Shanghai, focuses on high-performance thermosetting resin materials, with three core product lines: materials for wind turbine blades, new composite resin materials, and adhesives for new energy vehicles and industrial applications [3][5]. - The company has achieved a global leading position in the wind turbine blade epoxy resin market, with sales expected to reach 143,100 tons in 2024, and ranks second in China and third globally for wind blade structural adhesives [3][5]. Group 2: Financial Performance - Daosheng Tianhe has maintained steady financial growth, with revenues of 3.436 billion yuan, 3.202 billion yuan, 3.238 billion yuan, and 1.785 billion yuan from 2022 to the first half of 2025, and net profits of 108 million yuan, 152 million yuan, 155 million yuan, and 85 million yuan during the same period [5]. - The company anticipates significant growth in the first three quarters of 2025, with revenue expected to increase by 22.32% to 27.03% year-on-year and net profit projected to rise by 41.03% to 51.88% [5]. Group 3: Strategic Initiatives - The funds raised from the public offering will primarily be allocated to a project for producing 56,000 tons of high-end adhesives and high-performance composite resin systems for new energy and power batteries, as well as repaying bank loans [2][5]. - Daosheng Tianhe has a strong patent portfolio with 69 patents, including 38 invention patents, and has received certifications for automotive and aerospace quality systems, positioning itself for further growth in the green low-carbon economy [5].