博迁新材拿下镍粉产品大单 销售额预计超43亿

Core Viewpoint - 博迁新材 has signed a strategic cooperation agreement with X Company to supply nickel powder, with expected sales amounting to approximately 4.3 billion to 5 billion yuan from 2025 to 2029 [1][2] Group 1: Agreement Details - The agreement stipulates that 博迁新材 will be the exclusive supplier of nickel powder to X Company in China, while X Company will have exclusive purchasing rights for specific product models [1] - The expected sales volume is between 5,420 to 6,495 tons of nickel powder, translating to an estimated sales revenue of 4.3 billion to 5 billion yuan [1] - X Company is required to notify 博迁新材 of monthly procurement quantities 30 days in advance to ensure stable supply chain management [1] Group 2: Pricing Mechanism - 博迁新材 will use a pricing model based on "average raw material prices + processing fees," with adjustments made through friendly negotiations if market prices change significantly [2] - The revenue from this agreement is expected to positively impact the company's performance in the current and future periods, although specific income recognition may vary due to delivery timelines [2] Group 3: Company Performance and Market Outlook - 博迁新材 reported a sales revenue of 519 million yuan in the first half of 2025, representing an 18.3% year-on-year increase, and a net profit of 106 million yuan, up 93.34% year-on-year [2] - The company is positioned to benefit from the ongoing growth in the MLCC industry, which is projected to grow by 7% in 2024 and reach a market size of 112 billion yuan by 2025 [3] - 博迁新材 plans to optimize its product structure and increase R&D investment in high-performance powders to maintain its leading position in the industry, particularly in the context of rising demand from AI infrastructure and electric vehicles [3]