sunresin(SZ:300487) 2 1 Shi Ji Jing Ji Bao Dao·2025-12-11 05:45Core Insights - Adsorption separation technology is becoming a key driver for upgrading high-end manufacturing and strategic emerging industries in China [1] - Domestic companies, represented by Xian Blue Sky Technology New Materials Co., Ltd., are transitioning from followers to leaders in the field of adsorption separation technology [1][2] Industry Overview - China's new materials policy has been continuously strengthened, with adsorption separation technology being essential for efficient extraction and purification in various sectors such as new energy, life sciences, semiconductors, and environmental protection [1] - The rapid development of advanced manufacturing in China presents historic opportunities for the adsorption separation industry, driven by the demand for refined and green transformation in downstream manufacturing [1] Company Positioning - Blue Sky Technology focuses on high-precision separation technology, which is a core process for the upgrade of modern manufacturing [2] - The company has a diversified business layout covering six major fields: metal resources, life sciences, water treatment and ultra-purification, energy conservation and environmental protection, food processing, and chemicals and catalysis [3] - The life sciences and water treatment sectors have shown significant growth, contributing to the overall revenue stability and margin improvement for the company [3] Product Development - In the life sciences sector, Blue Sky Technology is a major supplier of solid-phase synthesis carriers for peptides, with rapid growth driven by the market for new-generation peptide drugs like GLP-1 [4][5] - The company has a comprehensive product layout in life sciences, including soft and hard gel series, small nucleic acid solid-phase synthesis carriers, enzyme immobilization carriers, magnetic beads, and chromatography media [6] Financial Health - The company maintains a low debt ratio and healthy cash flow, which supports strategic investments and market uncertainties [7] - Approximately 30% of net profits have been allocated for cash dividends in recent years, a principle that will continue in the future [8] Strategic Focus - The company aims to prioritize internationalization and deepen its presence in high-growth sectors such as life sciences, ultra-purification, and hydrometallurgy [9] - Challenges include cross-cultural management and integration as the company expands its global footprint, with over 40 foreign employees currently [10]