KDXC(SZ:002669) Chang Jiang Shang Bao·2025-10-22 23:48Core Viewpoint - Kangda New Materials (002669.SZ) is expected to achieve a turnaround in profitability for the first three quarters of 2025, with a projected net profit of 80 million to 90 million, representing a year-on-year increase of 204.61% to 217.68% [1][2] Group 1: Financial Performance - The company reported a steady growth in sales of adhesive and specialty resin products, driven primarily by strong demand for wind turbine blade products [1][3] - In 2025, Kangda New Materials achieved a revenue of 2.258 billion, a year-on-year increase of 65.75%, and a net profit of 51.1737 million, a year-on-year increase of 190.56%, marking a successful turnaround [2][3] Group 2: Strategic Transformation - The company has accelerated its strategic transformation, establishing a development framework centered on adhesives, with electronic information materials as the second growth curve and semiconductors as the third [1][4] - Kangda New Materials has actively expanded its industrial chain through acquisitions, including the purchase of Chengdu Zhongke Huamei Microelectronics Co., Ltd. to enhance its semiconductor capabilities [4][5] Group 3: Research and Development - The company has invested a total of 774 million in R&D over the past five and a half years, focusing on wind power materials, semiconductor materials, and new energy adhesives [5]