中新网大同11月30日电 (记者 范丽芳)11月30日，T1000级碳纤维项目在山西省大同市云冈区竣工投产， 成功实现12K小丝束T1000级碳纤维国产化量产 ，这标志着国产高性能碳纤维规模化量产实现关键性突 破。 中国科学院山西煤化所所长房倚天评价，该项目打破国外技术垄断，为提升国家关键材料供应链的安全 性和韧性提供保障。 T1000级碳纤维项目在山西大同量产。华阳集团 供图 据介绍，华阳碳材T1000级碳纤维集高强度、轻量化、耐高低温、耐腐蚀、耐摩擦、导热导电性良好等 核心优势于一体，被广泛应用于国防军工、航空航天、轨道交通、低空经济等领域。 山西省政府副秘书长曹荣湘说，该项目不仅实现了高性能碳纤维核心技术的突破，更填补了该省产业空 白，"希望华阳集团打造国内领先的高性能碳纤维产业基地，吸引上下游配套企业向山西不断集成，推 动形成'研发——生产——应用'的全产业链。"(完)【编辑:梁异】 近年，山西省属国企华阳新材料科技集团有限公司(简称"华阳集团")聚焦国家对高端急需和关键战略材 料"卡脖子"问题，与大同市、中国科学院山西煤炭化学研究所三方联手，推进T1000级高性能碳纤维项 目建设。 该项目一期200 ...

华阳集团是山西省省属国有企业，攻关建成这一示范项目，不仅实现了高性能碳纤维核心技术的突 破，也填补了山西省产业空白。山西省工业和信息化厅新材料工业处处长薛利杰表示，作为山西省首个 投产的T1000级碳纤维项目，将有效带动地方碳纤维产业集群发展。（记者王劲玉） 11月30日，华阳集团高性能碳纤维项目在山西省大同市云冈区竣工投产，成功实现12K小丝束 T1000级碳纤维国产化量产，这也是山西省首个投产的T1000级碳纤维项目。 据悉，该项目一期为200吨/年高性能碳纤维示范产线。项目所生产的T1000级碳纤维，单丝直径仅6 至7微米，不足头发丝的1/10，拉伸强度却突破6400兆帕；密度仅为钢的1/4，强度却是钢的5倍以上； 以一束1米长的华阳碳材T1000级碳纤维为例，重量仅0.5克，却能承载200多公斤的载荷。华阳碳材 T1000级碳纤维集高强度、轻量化、耐高低温、耐腐蚀、耐摩擦、导热导电性良好等核心优势于一体， 可广泛应用于轨道交通、低空经济等领域。 ...

Core Insights - The successful completion and production launch of a high-performance carbon fiber project in Datong, Shanxi, marks a significant breakthrough in the domestic mass production of T1000-grade carbon fiber [1][6]. Industry Overview - High-performance carbon fiber is considered the "bloodline" and precursor for the development of high-tech and defense technologies globally, and it is one of the main development directions in China's strategic emerging industries, often referred to as the "king of new materials" [4]. Project Details - The first phase of the project includes a demonstration production line with a capacity of 200 tons per year, which will commence full construction in June 2024, enter joint debugging and testing in June 2025, and be completed and put into production by November 30, 2025 [6]. - The T1000-grade carbon fiber produced has a single filament diameter of only 6 to 7 micrometers, less than one-tenth the thickness of a human hair, yet it boasts a tensile strength exceeding 6400 MPa [6]. - The density of this carbon fiber is only one-fourth that of steel, while its strength is over five times that of steel. For instance, a 1-meter long bundle of Huayang carbon material T1000-grade carbon fiber weighs only 0.5 grams but can support over 200 kilograms of load [6]. Applications and Significance - The T1000-grade carbon fiber integrates core advantages such as high strength, lightweight, high and low-temperature resistance, corrosion resistance, wear resistance, and good thermal and electrical conductivity, making it a "super strong material" [6]. - This development breaks China's reliance on imported high-end carbon fiber and has wide applications in national defense, aerospace, rail transportation, and low-altitude economy, which is crucial for ensuring the security of national strategic materials [6].

该项目为山西省重点工程，地址位于大同市云冈经济开发区清洁能源产业园。项目投产后生产的T1000 级碳纤维，具有高强度、轻量化、耐高低温、耐腐蚀等特性，可应用于航空航天、高端装备制造、风电 新能源、新型氢能储能等领域。 华阳股份（600348）(600348.SH)发布公告，由公司与山西华阳资本控股有限公司、太原化学工业集团 有限公司、大同市经济建设投资集团有限责任公司、大同云峰资产经营有限责任公司共同出资设立的山 西华阳碳材科技有限公司投资建设的千吨级高性能碳纤维一期200吨/年项目，于2024年6月开工建设， 2025年6月进入联调联试，11月30日建成投产。 ...

Core Viewpoint - The company, Heshun Technology, is focusing on high-value-added optical films and films for new energy vehicles to avoid homogeneous competition and drive future growth [2][3]. Group 1: Business Strategy - Heshun Technology, established in 2003, specializes in the R&D, production, and sales of differentiated, functional biaxially oriented polyester film materials [2]. - The company is shifting from low-margin transparent films to high-value optical films and new energy vehicle films, which is seen as a proactive strategy to avoid homogeneous competition [3]. - The company is actively collaborating with leading customers in the optical film sector to penetrate the high-end display supply chain [3]. Group 2: Product Development - In the display sector, Heshun Technology's products are compatible with mobile phones and televisions, with core component parameters leading the industry [2]. - The company has established a presence in the high-end battery flame-retardant and insulating films for new energy vehicles, leveraging its patents and technical reserves to meet safety requirements [3]. - The company is advancing its carbon fiber project, focusing on the carbonization phase, with preparations for trial operations underway [3][6]. Group 3: Market Potential - The global high-performance carbon fiber market is projected to grow from approximately $2.45 billion in 2024 to $5.25 billion by 2033, with a CAGR of 9.2% from 2026 to 2033 [5]. - Heshun Technology plans to invest approximately 1.008 billion yuan in a project to produce 350 tons of high-performance graphite fiber and 850 tons of high-performance carbon fiber raw silk annually, addressing the domestic supply gap [5]. Group 4: Future Growth - The company aims to establish its high-performance carbon fiber business as a second growth curve, focusing on the three core processes of polymerization, spinning, and carbonization [6]. - Heshun Technology intends to leverage imported high-end equipment to ensure product performance meets the stringent requirements of aerospace and high-end equipment applications [6]. - The long-term strategy includes initially targeting civilian high-end applications before gradually expanding into more advanced sectors, creating a sustainable competitive advantage [6].

Core Viewpoint - Company reports steady revenue and profit growth in Q3 2025, driven by increased contributions from ZT9 products [1][2] Financial Performance - For the first three quarters of 2025, the company achieved revenue of 684 million yuan, a year-on-year increase of 28.46% [1][2] - The net profit attributable to shareholders reached 290 million yuan, up 25.45% year-on-year [1][2] - The net profit excluding non-recurring items was 276 million yuan, reflecting a year-on-year increase of 28.93% [1][2] - The weighted average return on equity (ROE) was 6.44%, an increase of 0.87 percentage points year-on-year [2] - The gross profit margin was 63.90%, up 2.59 percentage points year-on-year, while the net profit margin was 42.37%, down 1.03 percentage points year-on-year [2] Q3 Performance Insights - In Q3 2025, the company reported revenue of 220 million yuan, a decrease of 8.85% year-on-year and 2.06% quarter-on-quarter [3] - The net profit attributable to shareholders for Q3 was 82 million yuan, down 35.55% year-on-year and 14.30% quarter-on-quarter [3] - Operating cash flow for Q3 was negative 103 million yuan [3] - The R&D expense ratio increased significantly to 17.21%, up 13.44 percentage points year-on-year [3] Product and Project Development - The company has ongoing contracts worth 2.1 billion yuan, primarily for ZT7 series products, with ZT9 series products being supplied as planned [2] - The company is advancing its Phase III and IV projects, which are expected to enhance its high-end product capabilities significantly [2] Future Outlook - The aerospace application sector continues to drive demand for high-performance carbon fiber, with expectations for revenue growth in the coming years [4] - Projected revenues for 2025, 2026, and 2027 are 1.013 billion yuan, 1.218 billion yuan, and 1.506 billion yuan, respectively, with corresponding net profits of 434 million yuan, 536 million yuan, and 668 million yuan [4]

Company Overview - Established in 2003, the company specializes in the R&D, production, and sales of differentiated, functional biaxially oriented polyester (BOPET) films [1] - Main products include colored optical base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [1] - Future focus on expanding product series and application fields, particularly in high-performance carbon fiber projects for sustainable development [1] Carbon Fiber Project - The carbon fiber project is progressing smoothly, with power debugging completed and trial production set to begin soon [1] - High-performance carbon fiber applications are expanding into civil aviation, 3C digital products, low-altitude aircraft, and racing, creating a solid foundation for market growth [2] - Technical barriers between high-performance and low-end products include raw silk quality control and precise carbonization processes, leading to significant performance and cost differences [3] BOPET Film Industry Outlook - The BOPET film industry is in a critical phase of short-term adjustment and long-term value construction [4] - Short-term challenges include increased fixed asset depreciation and the gradual release of new product benefits, but the company has shown improvement in Q3 performance compared to the previous year [4] - Long-term potential is promising, with a focus on differentiated, functional products to avoid homogenized competition and enhance R&D efforts [4] Financial Health - The company maintains a low debt-to-asset ratio, primarily due to long-term loans for the carbon fiber project [5] - Healthy operating cash flow and efficient capital recovery ensure stable financial management [5]

Group 1 - The core viewpoint of the news is that Hangzhou Heshun Technology Co., Ltd. is actively constructing its subsidiary, Heshun Carbon Fiber Project, which is expected to significantly contribute to the carbon fiber industry in China [1] - The Heshun Carbon Fiber Project, located in Hangzhou, covers an area of 80 acres and involves a total investment of approximately 992 million yuan, with an annual production capacity of 350 tons of high-performance carbon fiber and 850 tons of raw silk [1] - Upon reaching full production capacity, the project is projected to generate an annual output value of around 800 million yuan and an estimated tax contribution of 93 million yuan [1] Group 2 - Heshun Technology, established in 2003, focuses on the research, production, and sales of differentiated and functional biaxially stretched polyester film materials, catering to various customer needs [2] - The company aims to expand its product range and application areas, particularly in colored optical base films and other functional films, while exploring new materials, including high-performance carbon fiber [2] - The ongoing development in high-performance carbon fiber applications across various sectors, such as civil aviation and digital products, is expected to open new market opportunities for the carbon fiber industry in China [1]

Company Overview - Established in 2003, the company specializes in the R&D, production, and sales of differentiated, functional biaxially oriented polyester (BOPET) films [1] - Main products include colored optoelectronic base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [1] - Future focus on expanding product series and application fields, particularly in high-performance carbon fiber projects for sustainable development [1] Market and Industry Insights - The high-performance carbon fiber project is progressing as planned, with future production capacity to be evaluated based on strategic development and market demand [2] - The consumer electronics sector is undergoing a transformation, driven by AI technology and new product launches from industry leaders, prompting the company to innovate continuously [3] - The BOPET film industry is expected to grow, focusing on high value-added and high-tech products, enhancing overall innovation and market competitiveness [4] Business Growth and Expansion Plans - Current growth points include enhancing optical film base business through increased R&D investment, product diversification, and efficient capacity utilization [5] - The high-performance carbon fiber project is a strategic initiative aimed at creating stable profit growth and improving core competitiveness [5]

Core Viewpoint - Heshun Technology (301237.SZ) is actively engaging with various institutional investors to discuss its business development, industry changes, and strategic outlook following the release of its 2025 mid-year report [1]. Group 1: Business Performance - In the first half of 2025, the revenue breakdown for Heshun Technology's main products was as follows: colored optical base film accounted for 45.46%, transparent film for 42.62%, and other functional films for 10.84% [1]. - The change in revenue contribution from functional films is attributed to both overall revenue growth and strategic optimization, highlighting the company's positive operational trend [1]. - The company has successfully shifted its focus from solar backsheet films to window films in response to market trends, indicating its agility in adapting to industry changes [1]. Group 2: Research and Development - Heshun Technology has mastered several core technologies, including the manufacturing of biaxially stretched colored films, and is committed to continuous innovation through independent research and collaboration with universities [2]. - The company plans to expand its optical base film product series and aims to produce differentiated, functional polyester films to enhance market competitiveness [2]. - Heshun Technology is focused on developing high-value-added products to replace imports, further strengthening its market position [3]. Group 3: Carbon Fiber Project - The carbon fiber project, which began construction in Q3 2024, is currently in the critical phase of engineering construction and equipment installation, progressing smoothly and according to plan [2]. - The application of high-performance carbon fiber is expanding into various sectors, including civil aviation, 3C digital products, low-altitude aircraft, and racing, indicating a shift from military to broader civilian market applications [2].