以“硬科技”穿越周期！长阳科技董事长金亚东：打造平台型材料企业

Core Viewpoint - The company is focusing on long-term technological positioning and industry transformation despite short-term performance fluctuations, aiming to evolve from a "single champion" to a "platform enterprise" in the materials industry [1][3]. Financial Performance - For the first three quarters of 2025, the company reported revenue of 809 million yuan, with a net profit attributable to shareholders of -5.34 million yuan, indicating a year-on-year decline [2][5]. - The gross margin increased to 30.58%, up 6.66 percentage points year-on-year, with the third quarter's gross margin reaching 32.57% and a net profit margin of 1.13%, reflecting a significant quarter-on-quarter improvement of 9.92 percentage points [2][3]. Strategic Focus - The company emphasizes the importance of continuous R&D investment as a core philosophy, balancing the pursuit of technological diversity with the need for business growth [2][3]. - The materials industry is characterized as a long-cycle sector, where true value lies in achieving key technological advancements rather than short-term gains [1][3]. Product Development - Solid-state batteries are identified as a key growth engine for the company over the next decade, with early investments made in this area since 2021 [4][5]. - The company has developed the concept of "ion-conducting membranes" to address critical technical challenges in solid-state battery production, aiming for a complete closed-loop from materials to processes [4]. Market Positioning - The company holds a 60% global market share in reflective films, establishing itself as a "single champion" in this segment, but aims to become a "platform materials enterprise" with multiple leading products [6]. - The strategic implementation relies on the establishment of the "Changyang Advanced Materials Research Institute," with a goal to develop 1-2 new globally leading products within the next decade [6]. Collaborative Efforts - The company is actively promoting the formation of a "solid-state battery industry alliance" in Ningbo, aiming to collaborate with local enterprises and research institutions to set standards and facilitate technology implementation [7]. - The CEO encourages investors to adopt a long-term perspective on the company's growth, emphasizing that the current investments in R&D and capacity building are aimed at future growth over the next five to ten years [7].