2025年上半年，新瀚新材（301076）(301076.SZ)交出了一份营利双增的业绩答卷，彰显出强劲的发展 韧性。 证券之星注意到，随着PEEK材料需求持续增长，公司凭借在DFBP领域领先的技术优势和稳定的供货能 力，推动特种工程塑料核心原料业务稳健增长。同时，光引发剂业务和医农中间体业务同步发力、表现 亮眼，成为拉动公司营收增长的重要引擎。面对行业需求的不断增长，公司以技术创新为核、产能扩张 为翼，多维度筑牢细分领域领先优势，为长期业绩增长注入强劲动能。 尤其是在光引发剂业务上，公司已与全球领先的光固化材料生产商IGM(艾坚蒙)、国内重要光固化材料 生产商杭华股份等保持长期稳定合作。随着涂料需求复苏，以及PCB、服装、真空电镀等领域对UV油 墨需求的增长，公司光引发剂业务有望持续受益。 四大业务筑牢增长根基 作为PEEK单体核心原料DFBP国内少数实现规模化生产的企业之一，新瀚新材凭借核心原料布局，在国 内PEEK产业链中占据重要地位，公司在上半年展现出强劲的增长韧性。 2025年半年度报告显示，公司实现营业收入为2.29亿元，同比增长9.66%；归母净利润为3529.26万元， 同比增长20.40%， ...

绿色制造优势显现 依托云南丰富的清洁能源优势，云铝股份实施全流程绿色制造。2025年上半年，公司生产用电结构中清 洁能源比例达到80%以上。公司依托清洁能源生产的绿色铝与煤电铝相比，碳排放为煤电铝的20%左 右。 其中，云铝股份在自有厂房屋顶及部分空地投建分布式光伏，装机规模达252兆瓦，充分促进绿色能源 助力铝产业链低碳发展。 云铝股份相关负责人表示："目前公司是国内最大的绿色低碳铝供应商。未来，公司将充分发挥绿色铝 品牌优势，积极拓展有绿色铝需求的客户群体，持续开拓光伏电力、国防军工、轨道交通、电子等高端 领域的市场渠道，充分发挥绿色品牌效益，逐步将品牌效益转化为经济效益。" 本报记者李如是 8月25日晚间，云南铝业股份有限公司（以下简称"云铝股份"）发布2025年半年度报告。公司上半年实 现营业收入290.78亿元，同比增长17.98%；归属于上市公司股东的净利润为27.68亿元，同比增长 9.88%。公司拟以34.68亿股为基数，向全体股东每10股派发现金红利3.20元（含税），共派发现金红利 11.1亿元（含税）。 对于业绩的增长，云铝股份表示，上半年，电解铝生产线满负荷生产，公司抓实全要素对标和降 ...

内容概要：层状金属复合材料正从早期的军工领域，逐步拓展到化工、电力、海洋工程等多个行业，目 前已实现了在金属冶炼、海洋工程等领域的规模化应用，并且，正加速向智能终端、新能源汽车等多个 民用新兴产业渗透，近年来，受益于新能源、航空航天等领域需求爆发，我国层状金属复合材料市场迅 速崛起，据统计，2024年我国层状金属复合材料行业市场规模达310.0亿元，同比增长12.24%，未来， 在"双碳"目标背景下，绿色制造成为必然趋势，层状金属复合材料的制备工艺中，爆炸-轧制联合法等 具有材料利用率高的优势，契合绿色制造要求，将受到更多下游企业的青睐。 上市企业：天力复合（873576）、银邦股份（300337）、宝泰股份（831004.NQ）、西部材料 （002149） 相关企业：宝钛金属复合材料有限公司、大连船舶重工集团爆炸加工研究所有限公司、四川惊雷科技股 份有限公司、安徽弘雷金属复合材料科技有限公司、山东济钢鲍德金属复合板科技有限公司、江苏华弘 金属复合材料科技有限公司、有研金属复合材料（北京）股份公司 关键词：层状金属复合材料行业壁垒、层状金属复合材料市场政策、层状金属复合材料产业链图谱、层 状金属复合材料市场规 ...

日前，南通泰禾化工股份有限公司(股票代码：301665，以下简称"泰禾股份（301665）")正式发布2025 年半年度报告。报告显示，公司上半年业绩实现显著增长，营业收入与净利润双双提升，核心产品竞争 力持续增强，国际化战略与绿色制造体系成效凸显。 业绩高速增长，经营质量提升 2025年1月至6月，泰禾股份实现营业收入24.13亿元，同比增长23.15%；归属于上市公司股东的净利润 达到1.82亿元，同比大幅增长72.20%；扣非后净利润为1.81亿元，同比增长79.39%。基本每股收益为 0.43元/股，同比增长65.38%。 公司表示，业绩增长主要得益于主要产品价格回升与销量增加，尤其是杀菌剂、除草剂等核心产品销售 收入实现较快增长。毛利率方面，杀菌剂业务毛利率达30.87%，同比增长12.47个百分点，显示出产品 结构优化与成本控制成效显著。 报告期内，公司经营活动产生的现金流量净额达到1.71亿元，同比实现由负转正，大幅改善198.90%。 主要原因是销售回款加速，应收账款有所减少，反映出公司资金周转效率提升，经营质量持续优化。 截至2025年6月30日，公司总资产为62.28亿元，较上年末增长11 ...

Core Viewpoint - The report highlights the financial performance and strategic initiatives of Henan Mingtai Aluminum Industry Co., Ltd. for the first half of 2025, emphasizing its focus on high-end manufacturing, low-carbon circular economy, and the expansion of recycled aluminum applications. Company Overview and Key Financial Indicators - The company reported a revenue of approximately 16.99 billion RMB, an increase of 11% compared to the same period last year [2] - The total profit decreased by 10.9% to approximately 1.07 billion RMB, while the net profit attributable to shareholders fell by 12.11% to about 940 million RMB [2] - The net cash flow from operating activities increased by 80.56% to approximately 1.1 billion RMB [2] - Total assets grew by 20.38% to approximately 28.08 billion RMB, and net assets increased by 5.36% to about 18.23 billion RMB [2] Industry and Main Business Situation - The aluminum plate, strip, and foil industry maintained resilience supported by demand from the new energy sector, while recycled aluminum applications expanded rapidly due to policy and technological advantages [3] - The company has developed into a leading player in both diversified aluminum processing and recycled aluminum applications, with products used in various sectors including new energy, transportation, electronics, and military [3][4] - The company operates four hot-rolling production lines and has advanced recycling technology, with an annual processing capacity of over 1 million tons of waste aluminum [3] Operational Analysis - The company employs a "sales-driven production" model, ensuring stable procurement of raw materials through long-term agreements with suppliers [4] - The company focuses on high-end intelligent manufacturing and low-carbon circular economy, aiming to enhance product structure and management efficiency [5] - The company has made significant advancements in technology, including the development of high-performance aluminum foil for solid-state batteries and lightweight aluminum structures for robotics and aerospace applications [5][6] Financial Performance and Cost Management - The company reported an increase in operating costs by 18.96% to approximately 15.96 billion RMB, while sales expenses decreased by 13.99% [11] - The company has implemented measures to reduce costs and improve efficiency, including the use of recycled aluminum to lower raw material costs [7] - The company achieved a sales volume of 780,000 tons in the first half of 2025, with a revenue of 17 billion RMB [7] Competitive Advantages and Future Outlook - The company has established a strong competitive position through continuous technological innovation and a focus on green production practices [8] - The company has received multiple certifications for its green manufacturing processes and aims to further enhance its recycling capabilities in response to new regulations [8][13] - The company is actively pursuing international procurement of recycled aluminum to expand its supply network and reduce carbon emissions [13] Governance and Investor Relations - The company has undergone a board restructuring to enhance decision-making efficiency and governance practices [14] - The company emphasizes transparent communication with investors and has implemented a systematic investor relations management framework [15]

Core Viewpoint - Bern Optical has transformed from a small manufacturer of mechanical watch glass to a global leader in the smart device exterior structure industry, marking a "glass revolution" in Chinese manufacturing over 36 years [1][10]. Group 1: Industry Leadership - Founded in 1989, Bern Optical initially focused on mechanical watch glass but has evolved into a giant in the smart device exterior structure sector [6]. - The turning point came in 2001 when Bern Optical became the first company to mass-produce mobile phone glass covers, securing major orders from brands like TCL and Motorola, earning the title "Father of Mobile Phone Glass" [8]. - By 2016, Bern Optical held over 60% of the global market share in mobile phone glass, establishing itself as the "King of Mobile Glass" and leading the industry with multiple global firsts in technology [9]. Group 2: Technological Advancement - As the consumer electronics market slows, Bern Optical is expanding into AR/VR devices and smart cars, initiating a new materials revolution [12]. - The company became the exclusive supplier of the glass front cover for Apple's Vision Pro, utilizing advanced technologies to achieve unprecedented curvature limits [14]. - In the smart automotive sector, Bern Optical's 1.2-meter large 3D curved glass is integrated into flagship models, enhancing user interaction through touch feedback and gesture recognition [14]. Group 3: Innovation Ecosystem - Bern Optical's technological advancements are supported by a robust innovation network, collaborating with universities for research and development [15]. - The partnership with Hong Kong City University focuses on advanced manufacturing and new materials, creating a closed-loop system for research and industrial application [17]. - The company has established joint laboratories with top smartphone brands, fostering a complete technological ecosystem from material research to end-user applications [18]. Group 4: Green Manufacturing - Bern Optical's commitment to ESG practices has positioned it as an industry benchmark, winning awards for innovation and green products [19]. - The company has implemented a 24.8 MW solar project, generating 39 million kWh and reducing CO2 emissions by 18,000 tons, alongside a water recycling system saving 6 million tons annually [21]. - With over 1 billion yuan invested annually in R&D, Bern Optical is enhancing its green manufacturing capabilities, with three industrial parks recognized as national green factories [21].

江南时报讯 8月14日，兴业银行成功投放安赛乐米塔尔津西新材料（常州）有限公司新能源软磁材料项 目首笔2240万元贷款，这标志着欧洲企业在华最大单体投资项目之一、总投资26亿美元（折合人民币 188亿元）的安米新能源软磁项目正式转入全面建设快车道。 该项目由世界钢铁巨头安赛乐米塔尔与中国东方集团携手打造，落户常州滨江经济开发区，旨在建设集 高科技、绿色、智能化、数字化为一体的产业基地，共分两期，一期建设150万吨无取向硅钢，二期建 设30万吨取向硅钢。项目达产后，将极大满足中国软磁材料市场需求，并以100%绿电供应践行绿色制 造理念，全力打造全球一流的新能源软磁材料4.0标杆工厂、绿色工厂和研发基地。 项目大，节奏更快。企业提出需求时，信息尚零碎、行业门槛又高，对金融服务的专业性、时效性提出 了极高要求。兴业银行敏锐捕捉到项目的战略价值，从项目筹备初期就迅速响应，组建了以南京分行领 导牵头，战略客户部、信用审查部等多部门协同的综合服务团队。团队内部高效联动，打破部门间的信 息壁垒，在第一时间与企业建立紧密对接，深入了解项目资金需求与规划。 面对项目信息有限、行业专业性强等难题，兴业银行发挥专业研究优势，深入剖 ...

Core Viewpoint - The company reported a stable performance in the first half of 2025 despite short-term revenue pressures, driven by strategic business adjustments and a focus on core nylon production, indicating a positive long-term growth outlook [1][3][6]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 2.411 billion yuan, with a net profit attributable to shareholders of 153 million yuan [1]. - The company experienced a year-on-year decline in revenue primarily due to the divestiture of Tongtuo Technology, which reduced the scope of consolidated financial statements, and a decrease in product prices due to lower upstream raw material costs [2]. - The company’s total assets reached 6.329 billion yuan, a 7.0% increase from the beginning of the year, while shareholders' equity rose by 4.0% to 3.938 billion yuan [2]. - Research and development expenses amounted to 99.8921 million yuan, ensuring ongoing product development and technological upgrades [2]. Cost Structure and Efficiency - The company significantly optimized its expense structure post-divestiture, with selling expenses dropping by 94.8% to 21.65 million yuan and management expenses decreasing by 25.8% to 71.02 million yuan [2]. - Operating costs decreased from 3.617 billion yuan to 2.044 billion yuan, reflecting a 43.5% reduction, alleviating cost pressures [2]. Investment and Capacity Expansion - The company is focused on enhancing its core competitiveness through substantial investments in differentiated nylon filament production, with projects including a 65,000-ton high-quality differentiated nylon PA6 filament project and a 60,000-ton high-quality nylon PA66 filament project, with total investments of 950 million yuan and 1.031 billion yuan respectively [4]. - In 2025, the company plans to initiate a 200,000-ton functional nylon PA6 filament project with a total investment of 2.738 billion yuan, which is expected to significantly enhance production capacity and strengthen its market position [4]. Technological Innovation and Sustainability - The company has established a robust research and development framework, collaborating with institutions like the Chinese Academy of Sciences and Zhejiang Sci-Tech University to innovate in functional fiber products [5]. - The "Hua Ding Wuzhou Nylon Fiber Future Factory" has been recognized as a demonstration project for future factories in Zhejiang Province, utilizing advanced technologies to enhance production efficiency [5][6]. - The company is actively pursuing green manufacturing initiatives, developing eco-friendly and recycled fibers that meet global sustainability standards, thus aligning with the textile industry's shift towards sustainable practices [6]. Overall Outlook - Despite short-term challenges, the company is positioned for long-term growth through improved cost structures, increased asset and equity levels, stable R&D investments, and enhanced investment returns, indicating a positive trend towards focusing on its core business [3][6]. - The strategic focus on capacity expansion and innovation is expected to facilitate a transition from scale-driven growth to innovation and sustainability-driven growth, positioning the company as a global leader in high-end nylon filament [6].

Group 1 - The company reported a revenue of 513 million yuan for the first half of the year, representing a year-on-year growth of 10.43% [1] - The net profit attributable to shareholders reached 73.38 million yuan, with a year-on-year increase of 5.03% [1] - The company achieved a basic earnings per share of 0.50 yuan, reflecting a growth of 7.45% compared to the previous year [1] Group 2 - The company maintains a leading position in the casting coated sand sector due to its production capacity, market share, and R&D strength [1] - The company has made significant advancements in its environmentally friendly coated sand technology, reducing ammonia emissions by over 90% compared to traditional resin-coated sand [1] - The company has established a mature business model for recycled sand and has begun large-scale production, providing services to well-known enterprises [1] Group 3 - The company's subsidiaries possess mining rights with a production capacity of 2 million tons per year for washed sand and 200,000 tons per year for roasted sand [2] - The company is investing in a new project to produce 3 million tons of washed sand annually, which will enhance its raw sand supply capabilities [2] - The company has established a production network across various regions in China, optimizing its cost structure and ensuring stable raw material supply [2]

Core Insights - Guangzhou Mingliang Chemical Co., Ltd. has established itself as a benchmark in the commercial cleaning industry through 25 years of practical development, focusing on the cleaning needs of restaurants, hotels, and medical facilities since its founding in 2000 [1][4] - The company integrates technology and market demand, forming a comprehensive solution system driven by technological innovation, aiming to become a leading manufacturer of cleaning and washing products in China [1][3] Company Overview - Mingliang Chemical has built a professional R&D team and established long-term partnerships with quality raw material suppliers to continuously optimize product formulations [3] - The production process incorporates intelligent equipment and adheres to the ISO9001 quality management system, ensuring the stability and efficiency of core products such as commercial dishwasher detergents, drying agents, and cleaning agents [3] - The sales network covers major cities across the country and actively expands into overseas markets, offering customized supply solutions such as 20L bulk packaging and full box delivery [3] Service and Value Proposition - The company emphasizes a dual guarantee of "product + service," providing full-cycle support including equipment adaptation, usage training, and technical upgrades through its after-sales service team [3] - Mingliang Chemical's core value of "altruism" drives its customer-centric approach, developing low-foam, high-efficiency detergents for the restaurant industry and customized drying agents with cleaning and antibacterial functions for hotels [3] Commitment to Sustainability - The company has pioneered the launch of biodegradable eco-friendly products, utilizing concentrated formulas to reduce packaging waste and implementing intelligent feeding systems to lower energy consumption [3] - Its commercial cleaning agents have received China Environmental Label certification and comply with international chemical safety standards, demonstrating a commitment to green manufacturing principles [3] - Mingliang Chemical actively participates in the formulation of industry standards, promoting the standardization and upgrading of the commercial cleaning sector [3] Future Outlook - With 25 years of dedicated efforts, Mingliang Chemical aims to continue its altruistic approach in the commercial cleaning sector, striving to create greater value for global customers and moving towards the vision of becoming a "century-old enterprise" [4]