新材料专题研究（5）：新材料基金及重仓股票梳理

Investment Rating - The report maintains an "Outperform" rating for the new materials industry [1] Core Insights - The new materials industry is experiencing rapid growth, with a total output value of approximately 6.8 trillion yuan in 2022 and a compound annual growth rate (CAGR) of 15.66% over the past five years [5][9] - Government policies are increasingly supportive of the development of strategic emerging industries, including new materials, with significant increases in R&D investment from state-owned enterprises [5][8] - The primary market for new materials is seeing a continuous rise in investment and financing activities, with 558 financing events totaling approximately 69.7 billion yuan in 2023 [9][12] - The secondary market has 46 public funds focused on new materials, with the largest fund being the Jiashi New Energy New Materials A Fund, totaling 2.659 billion yuan [15] Summary by Sections 1. Policy Support for New Materials - The government is actively promoting the development of new materials as part of strategic emerging industries, with a focus on innovation and integration [5][8] 2. Primary Market Investment Trends - Investment in the new materials sector is on the rise, with significant financing events and active participation from various investment institutions [9][12] 3. Secondary Market Fund Overview - A total of 46 public funds are dedicated to new materials, with notable funds including Jiashi and Industrial Bank [15] 4. Key Companies in New Materials - Major companies in the new materials sector include: - CATL: Leading in lithium battery production with a market share of 27.7% as of August 2023 [20] - Wanhua Chemical: A global leader in polyurethane with rapid growth in new materials [22] - LONGi Green Energy: The largest manufacturer of monocrystalline silicon, expanding production capacity [26] - Tongwei Co.: Increasing its photovoltaic business revenue share [32] - TCL Zhonghuan: A leading manufacturer of photovoltaic silicon wafers [34] - San'an Optoelectronics: The largest compound semiconductor producer in China [38] - Huayou Cobalt: Developing an integrated supply chain for new materials [42] - SanHuan Group: A leader in electronic ceramics [47] - Oriental Yuhong: A construction materials service provider focusing on waterproofing [52] - New Era Chemical: A leader in fluorine fine chemicals [57]