Chenguang New Materials(SH:605399) Dong Jian Yan Bao·2025-09-15 12:55Group 1: Report Basic Information - The research object is Chenguang New Materials, belonging to the chemical products industry, and the reception time was on September 15, 2025 [17] - The listed company's reception staff included Director and General Manager Ding Bing, Director, Board Secretary and Deputy General Manager Liang Qiuhong, Financial Controller Lu Jianping, Independent Director Yang Pinghua, and Securities Affairs Representative Feng Yifan [17] Group 2: Detailed Research Institutions - The reception objects included investors and others [20] Group 3: Main Content Profit Contribution in H1 2025 - In H1 2025, the company's profit was mainly contributed by regular products, supplemented by new products. The reasons for product contribution included market scale expansion, cost optimization, and new product capacity ramping up [24] Impact of New Capacities on H2 Performance - The company will formulate scientific and reasonable production and sales policies based on internal and external environments and corporate strategies. Specific performance data can be found in subsequent regular reports [24] New Capacity Projects - The first - phase of the "Annual Production of 300,000 Tons of Silicon - based and Aerogel New Materials Project" of the company's wholly - owned subsidiary Ningxia Chenguang New Materials Co., Ltd. is in formal production [24] - The first - phase of the "Annual Production of 300,000 Tons of Functional Silane Project" of the company's wholly - owned subsidiary Anhui Chenguang New Materials Co., Ltd. reached the trial - production condition in early August. The company will promote capacity release reasonably according to upstream and downstream, inventory, and production - sales situations [26] R & D Investment in H1 2025 - In the functional silane field, the company developed new functional silanes, optimized reaction process routes, and increased downstream application research [26] - In the aerogel field, the company conducted research on products suitable for new energy, construction, and industrial insulation, and on production process technology, and increased application research in fields such as coatings and building insulation [26] - In special organic silicon products, the company carried out research on special silicone resins and surface - functionalized organic silicon materials. Some laboratory samples passed customer verification, laying a foundation for subsequent industrialization [26] - Overall, the company focused on the silicone industry chain, continued research on new silicone small - molecule and polymer products, improved production processes towards green development, and carried out downstream application research [26]