Xingfa Chem(SH:600141) Ge Long Hui A P P·2026-01-06 08:50Core Viewpoint - The report from Changjiang Securities highlights that Xingfa Group focuses on developing new energy materials centered around "phosphorus" and "silicon," indicating strong growth potential in these sectors [1] Group 1: New Energy Materials - Xingfa Group's key products include LFP battery cathode materials such as iron phosphate and lithium iron phosphate, high-pressure solid iron phosphate raw materials, and solid-state battery materials like phosphorus pentasulfide [1] - The company is also expanding its product line with phosphorus agents and organic silicon leather, which are in the ramp-up phase and expected to contribute to performance growth [1] Group 2: Market Conditions and Growth Potential - The cyclical products of the company, including phosphate fertilizer, glyphosate, and organic silicon, are currently at the bottom of the market cycle and are expected to benefit from improved supply-demand dynamics [1] - The growth segments of new energy materials and high-end new materials are showing significant promise and are anticipated to continuously contribute to performance growth [1] Group 3: Financial Projections - The projected net profit attributable to the company for the years 2025, 2026, and 2027 is estimated to be 1.74 billion, 2.44 billion, and 3.03 billion yuan respectively [1] - The report maintains a "buy" rating for the company, reflecting confidence in its future performance [1]