普利特分析师会议-20250826

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The company's performance in the first half of 2025 showed a significant increase compared to the same period last year. The modified materials business had full orders and new production capacity was gradually released, while the non - automotive business had market breakthroughs. The new energy business also improved significantly, with the new energy sector's operating income increasing by 21.32% year - on - year. The company achieved growth in various financial indicators such as total revenue, operating profit, and net profit [24]. - The company's new energy business is expected to have positive development in the future, with the acceleration of overseas layout, the rapid development of sodium - ion batteries, the continuous delivery of semi - solid batteries, and the high demand for new square production line capacity [24]. - The company, as a leading enterprise in the modified materials industry, is actively exploring the application of modified materials in the robot field and will focus on promoting the lightweight application of modified materials in humanoid robots [25]. - The company has made progress in the LCP film and fiber business, with full - coverage of LCP resin types, completion of customer verification in various fields for LCP film, and sample delivery to high - speed copper - clad laminate customers for LCP fiber [26]. 3. Summary According to Related Catalogs 3.1 Research Basic Information - Research object: PULITE [16] - Industry: Plastics products [16] - Reception time: August 26, 2025 [16] - Reception personnel: Board Secretary Cai Qing, Deputy General Manager Li Hong, Secretary of the Board of Haisida Power Zhou Li, Chief Financial Officer Shen Yihao, and Securities Affairs Representative Yang Fan [16] 3.2 Detailed Research Institutions - Securities companies: Cinda Securities, Shenwan Hongyuan, Guotou Securities, CICC, Western Securities, Tianfeng Securities, Open Source Securities, etc. [17][18][19] - Fund management companies: Southern Fund, Bank of Communications Schroder Fund, Harvest Fund, Golden Eagle Fund, etc. [17][18] - Asset management companies: CITIC Asset Management, China Merchants Securities Asset Management, Qingdao Pengyuan Asset, etc. [17][18] - Investment companies: Freshwater Spring Investment, Jinge Investment, Siye Investment, etc. [18] - Insurance companies: Chang Sheng Life [18] - Trust companies: Chang'an International Trust [18] - Others: Shenzhen Chuangfu Zhaoye, Duration Investment [18] 3.3 Main Content Data - Company situation introduction: The company's board secretary introduced the company's recent basic situation and future strategic development plan [24]. - Interaction summary: - 2025 H1 business performance: The company's total operating revenue was 4,089,778,600 yuan, a 9.06% increase year - on - year; operating profit was 225,267,200 yuan, a 52.46% increase; total profit was 225,406,000 yuan, a 55.93% increase; and net profit attributable to shareholders of listed companies was 207,291,400 yuan, a 43.94% increase [24]. - New energy business outlook: The new energy business is expected to benefit from overseas layout, the development of sodium - ion batteries, semi - solid battery delivery, and high demand for new square production line capacity [24]. - Robot field progress: The company is a leading enterprise in modified materials, and some materials have been supplied in batches to the industrial robot field, with a focus on humanoid robot applications in the future [25]. - LCP film barriers: It requires specific resin, equipment and process transformation, and a long customer verification process. The company has completed customer verification in various fields [26]. - LCP fiber business in PCB hard board: The company has sent samples to high - speed copper - clad laminate customers and will cooperate with customers to improve product performance [26]. - LCP film business progress: The product has broad application prospects in multiple fields and has achieved batch delivery in some fields, with expected batch delivery in the communication field this year [26][27].