Guohai Securities·2025-09-22 06:34Investment Rating - The report maintains a "Recommended" rating for the new materials industry [1]. Core Insights - The new materials sector is identified as a crucial direction for the future development of the chemical industry, currently experiencing rapid downstream demand growth. With policy support and technological breakthroughs, domestic new materials are expected to accelerate their long-term growth. The report emphasizes that "one generation of materials supports one generation of industry," highlighting the foundational role of the new materials industry in supporting other sectors [1][3]. Summary by Relevant Sections 1. Electronic Information Sector - Focus areas include semiconductor materials, display materials, and 5G materials [4]. - Recent developments include NVIDIA's announcement of a $5 billion investment in Intel, aimed at co-developing customized data center and PC products to enhance operational efficiency across various applications [5][32]. 2. Aerospace Sector - Key materials of interest are PI films, precision ceramics, and carbon fibers [6]. 3. New Energy Sector - Focus on photovoltaic, lithium-ion batteries, proton exchange membranes, and hydrogen storage materials [8]. - The National Development and Reform Commission and the National Energy Administration have issued an action plan for new energy storage, projecting that by 2027, the installed capacity of new energy storage will exceed 180 million kilowatts, driving direct project investments of approximately 250 billion yuan [9]. 4. Biotechnology Sector - Key areas include synthetic biology and scientific services [10]. - The Hefei High-tech Zone has launched a development plan for the synthetic biology industry, aiming to create a leading national cluster in this field [11]. 5. Energy Conservation and Environmental Protection Sector - Focus on adsorption resins, membrane materials, and biodegradable plastics [12]. - The Fujian provincial government has issued an action plan to accelerate the green transformation of the economy, targeting a scale of 300 billion yuan for the energy conservation and environmental protection industry by 2030 [13]. 6. Key Companies and Profit Forecasts - The report lists several key companies with their stock prices and earnings per share (EPS) forecasts for 2024 to 2026, indicating a positive outlook for many companies in the new materials sector [14].