凯盛新材分析师会议-20250515

Group 1: Research Basic Information - The research object is Kaisheng New Materials, belonging to the chemical raw materials industry, and the reception time was on May 15, 2025. The company's reception staff included Wang Ronghai, the director, deputy general manager, and board secretary, and Yang Ziguang, the director of the board office and the representative of securities affairs [17] Group 2: Detailed Research Institutions - The reception objects include investors' online questions and others [20] Group 3: Main Content Company Product and Business - Since the PEKK project was put into production, both the production and shipment volume have been increasing. The product has been applied by terminal customers in fields such as general profiles, spraying, new energy vehicles, and military aerospace. The company is also paying close attention to the market demand for lightweight special materials in fields such as electronic information (semiconductor), rehabilitation medical devices, and robots [24][27][28] - In 2025, the demand from the downstream agro - chemical sector for the company's products has increased, and the company's overall business situation has improved quarter - on - quarter. For details of the fundraising projects, refer to the company's annual report and special report on the use of raised funds [25] - The company's revenue and net profit in the first quarter of 2025 increased both year - on - year and quarter - on - quarter, mainly due to the increased demand from the downstream agro - chemical sector and the increase in product gross profit [27] Company Financial Policy - The company's 2024 annual general meeting of shareholders has authorized the board of directors to decide whether to conduct an appropriate mid - year dividend in 2025 based on the actual operating performance, capital use plan, and undistributed profit situation [26] Product Comparison - PEKK and PEEK are both polyaryletherketone polymers. PEKK is a copolymer with an adjustable melting temperature between 280 - 390°C, has a wider processing window, lower production cost, and slower crystallization speed compared to PEEK [29]