| | □特定对象调研□分析师会议 | | --- | --- | | 投资者关系 | □媒体采访□业绩说明会 | | | □新闻发布会□路演活动 | | 活动类别 | □现场参观☑电话会议 | | | □其他 | | | 1. 汤中建 火眼主理人、成都正福研究院 | | | 2. 陈育 成都龙凤飞私募 | | | 3. 吕华 富恩德基金 | | | 4. 胡竣凯 约牛证券投资顾问 | | | 5. 向惠 中金万象投资总经理 | | | 6. 魏锋 璟诚基金 | | | 7. 谢刚 成都希尔私募 | | | 8. 李佩柯 韬观投资 | | | 9. 郑淼 中睿合银 | | 参与单位名称 | 10. 孙春龙 誉合天成投资 | | 及人员姓名 | 11. 方敏 | | | 12. 王继川 火眼投资经理 | | | 13. 吴昊 元绪律师事务所 | | | 14. 蒋红练 火眼投资经理 | | | 15. 文晓东 | | | 16. 王健桢 | | | 17. 雪梅 | | | 18. 余峰 成都希尔私募基金 | | | 19. 孟亚琼 | | | 20. 焕茹 | | 时间 | 2025 年 5 月 30 日 | ...

内容概要：随着爆炸复合法、厚板轧制法、连续热轧法等生产工艺的不断优化，钛钢复合板的生产效率 显著提高，成本降低，产品质量也得到了提升。这些技术进步使得钛钢复合板在生产过程中更加高效和 经济，进一步推动了其市场应用。此外，我国政府高度重视中国钛钢复合板行业发展，在国家的一些中 长期规划中，将新材料产业作为重点发展领域，钛钢复合板作为新材料的一种，也受到相应的关注和支 持。例如"十四五"规划中，加强了对新材料的支持，为钛钢复合板行业的发展营造了良好的政策环境， 推动行业技术创新和产业升级。近年来，中国钛钢复合板市场规模保持上升趋势，2024年行业市场规模 增长至145亿元，同比上涨11.5%。 相关上市企业：钒钛股份（000629）、宝钛股份（600456）、巨成钛业（871564）、西部材料 （002149）、西部超导（688122）、天工股份（920068）、天力复合（873576）、金天钛业 （688750）、天工股份（920068）、太钢不锈（000825）等。 相关企业：湖南湘投金天科技集团有限责任公司、宝鸡市钛程金属复合材料有限公司等。 关键词：钛钢复合板、钛材、不锈钢、市场规模、营业收入 一、钛钢复 ...

Core Viewpoint - The new materials industry in China is experiencing rapid growth driven by policy support, market demand, and technological innovation, with a projected total output value of 8.48 trillion yuan in 2024, maintaining double-digit growth for 14 consecutive years [1][3][20]. Group 1: Industry Definition and Classification - New materials refer to recently developed or developing structural and functional materials with superior properties. They can be classified into structural materials and functional materials based on their usage, and further categorized into four types: metal materials, inorganic non-metal materials, organic polymer materials, and advanced composite materials [1]. Group 2: Current Development Status - The new materials industry has expanded significantly, with the government focusing on electronic information materials, aerospace materials, new energy materials, and environmentally friendly materials. National high-tech industrial bases for new materials have been established in seven cities [3][5]. Group 3: Market Size and Structure - In 2024, the chemical new materials market is expected to account for approximately 22.08% of the total new materials market in China, while battery new materials will represent about 6.66%. By 2025, these figures are projected to be 21.75% and 6.97%, respectively [7]. Group 4: Competitive Landscape - Major companies in the new materials sector include Lens Technology, Antai Technology, China National Materials, and others, which are enhancing their international competitiveness through technological innovation and market expansion [12][16]. Group 5: Development Trends - The demand for new materials is increasing due to the rapid development of downstream industries such as information technology and new energy. The industry is transitioning towards low-carbon and green development, supported by significant technological advancements [20][23].

Core Viewpoint - The functional silane industry in China is rapidly developing, with significant increases in production capacity and market demand, positioning itself as a crucial pillar in the new materials sector [1][5][21]. Group 1: Industry Overview - Functional silanes are organic silicon molecules with a backbone structure of -Si-O-C-, categorized into silane coupling agents and silane crosslinking agents [2][4]. - The industry has achieved near parity with international R&D capabilities, boasting a leading global production capacity and strong cost advantages [1][5]. - By 2024, China's functional silane production capacity is projected to reach 702,500 tons, with a production volume of 401,400 tons and a market size of 5.15 billion yuan [1][7]. Group 2: Market Demand and Growth - The demand for functional silanes is expanding, driven by emerging industries such as photovoltaics, composite materials, and new energy vehicles [1][7]. - In 2024, the demand for functional silanes in China is expected to be 272,500 tons, with a market size of 5.15 billion yuan, reflecting a year-on-year increase [1][7]. - The market size is projected to grow to 5.773 billion yuan by 2025, indicating a robust growth trajectory [1][7]. Group 3: Industry Chain Structure - The upstream of the functional silane industry includes chemical raw material manufacturing, while the midstream focuses on the production of various functional silanes [9][11]. - The downstream applications span multiple sectors, including rubber products, composite materials, photovoltaic materials, and construction coatings [9][11]. Group 4: Competitive Landscape - The functional silane market in China is characterized by a high degree of marketization, with significant participation from private and state-owned enterprises [15][16]. - Major players include Jianghan New Materials, Hongbai New Materials, and Chenguang New Materials, which have established strong production capabilities and competitive advantages [15][16][17]. - The industry is witnessing a shift towards domestic production, with China becoming a significant global production base for silanes [15][16]. Group 5: Future Trends - The demand for functional silanes is expected to continue growing, particularly in high-end manufacturing and new energy sectors [21]. - The industry is anticipated to evolve towards higher-end, environmentally friendly products, driven by technological advancements and increasing environmental regulations [21].

研修议程 7月4日 (周五) 09:00 高温尼龙树脂的特性及改性对应 10:30 1. 高温尼龙的分类定义 2. 高温尼龙树脂特点 3. 高温尼龙树脂的特性表征 4. 高温尼龙树脂的改性对应 5. 交流互动及答疑 朱 俊 上海北冈新材料有限公司副总经理 10:30 茶歇 & 自由交流 11:00 11:00 各种助剂对玻璃纤维增强尼龙性能的影响 12:30 1. 润滑剂对玻璃纤维增强PA66/PA6性能的影响 2. 增韧剂对玻璃纤维增强 PA66/PA6性能的影响 3. 成核剂对性能的影响 4. 耐热剂的影响 5. 交流互动 及答疑 孙湘渝 DT 新材料专家顾问 12:30 自助午餐 14:00 14:00 高性能玻璃纤维在尼龙复合材料中的应用 15:00 1. 玻璃纤维的基础特性(生产工艺、性能特点等) 2. 玻璃纤维对尼龙复合材 料性能的影响(纤维直径、短切长度、浸润剂体系、玻璃类型等) 3. 未来研 究方向 4. 交流互动及答疑 王炎涛 泰山玻璃纤维有限公司副总工,热塑产品事业部总工程师 15:00 茶歇 & 自由交流 15:30 15:30 尼龙壳卤阻燃剂的行业进展和使用建议 16:30 1. 尼龙 ...

Group 1 - The 25th Investment and Trade Fair focuses on three major sectors: "Investing in China," "Chinese Investment," and "International Investment," aiming to create a platform for international capital to invest in the Chinese market and for Chinese enterprises to expand globally [1][2] - The "B1|Future Vision" Capital Project Docking Pavilion will cover an area of 8,000 square meters, concentrating on nine key industrial tracks, including artificial intelligence, new energy, and green technology, with various exchange and docking activities planned [1][2] - The event aims to enhance project roadshows, matchmaking, negotiations, and resource integration through a "government-enterprise-investment" three-dimensional dialogue platform, facilitating cooperation between global investors and industry players [1][2] Group 2 - The "Future Vision" Capital Project Docking Pavilion will create a complete value chain of "evaluation-display-docking-communication," establishing an ecological closed loop for precise matching before the exhibition, efficient docking during the exhibition, and continuous service afterward [2] - The event promotes cooperation schemes for nine key industrial tracks and announces the rights and benefits for participants, aiming to make the pavilion a hub for high-end resources and to drive deep integration between global capital and innovative industries [2]

Group 1 - The core index, the China Securities National New Central Enterprises Modern Industry Leading Index, rose by 1.33% to 1166.46 points with a trading volume of 20.746 billion yuan [1] - Over the past month, the index has increased by 0.43%, but it has decreased by 4.56% over the past three months and by 5.29% year-to-date [1] - The index is customized by Guoxin Investment Co., Ltd., selecting 50 representative listed companies in fields such as new mobile technology, new energy, new materials, and high-end equipment from state-owned enterprises [1] Group 2 - The top ten weighted stocks in the index include China Telecom (9.94%), Hikvision (9.38%), China Mobile (9.3%), CRRC (7.34%), China Unicom (6.6%), China Shipbuilding (5.97%), Three Gorges Energy (5.35%), China Heavy Industry (3.59%), Baosteel (3.43%), and SMIC (2.99%) [1] - The index's holdings are primarily listed on the Shanghai Stock Exchange (68.55%) and the Shenzhen Stock Exchange (31.45%) [1] Group 3 - The industry composition of the index shows that information technology accounts for 30.35%, communication services for 29.67%, industrials for 24.19%, materials for 7.73%, utilities for 5.54%, healthcare for 2.03%, and consumer staples for 0.49% [2] - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - Weight factors are adjusted in line with sample changes, and temporary adjustments may occur under special circumstances [2]

（央视财经《天下财经》）随着国家体育总局将台球纳入"全民健身公共服务体系"，台球消费持续升温。记者近期在多地采访时发现，随着消费 场景的升级，台球运动走向了更广阔的市场。 台球消费的火爆也带动了相关产品的市场需求。数据显示2025年新增注册台球相关企业4.7万余家，其中制造企业新增409家，同比增长31.09%。 我国是台球相关产品的生产大国，业内的两家龙头企业生产情况如何？ 江苏某新材料科技有限公司董事长 王俊凯：我们今年整体产能已经几乎达到工厂的上限，2025年底我们准备进行扩建，扩建后酚醛树脂产品的 产能会提升约30%。 随着需求增加，销量水涨船高的还有台球桌。一家国内知名的球桌生产企业去年销量增长30%，今年延续增长势头。为了应对不断增加的订单， 企业已经更新了设备。 由酚醛树脂材料制作的台球，是目前大型赛事用球的主流选择。江苏淮安的一家企业生产的酚醛树脂台球，市场份额超过全球市场的一半。随着 市场对于台球需求增加，这段时间企业每天有约3万颗台球下线，截至5月底企业销量同比增长20%。 江苏某台球生产企业财务长 钟大正：它要能够耐撞击，因为有高技术含量的壁垒，我们现在接单的状况，订单持续到2028年。 ...

5月26日，青岛国恩科技股份有限公司（以下简称：国恩股份 002768．SZ）发布公告称，公司于2025年5月26日召开董事会和监事 会，审议通过发行H股股票并在香港联交所主板挂牌上市的议案。公司计划通过发行境外上市外资股（H股）股票，打造国际化资本 运作平台，加快构建国内国际双循环格局。 根据公告披露，国恩股份本次拟发行的H股股数不超过本次发行后公司总股本的15％（超额配售权行使前），募集资金在扣除相关发 行费用后，将全部用于建设香港区域总部平台、科创研发投入、新增产能布局及战略性投资并购、补充运营资金等用途。本次发行 并上市尚需提交股东大会审议，并取得相关监管机构的备案、批准或核准。公司正积极推进相关工作，具体细节尚需进一步商讨。 另外值得注意的是，同在5月26日，国恩股份还发布了一则人事变动公告，公告显示，董事会近日收到董事张世德及独立董事刘树艳 的辞职报告。其中张世德因个人原因辞去董事职务，辞职后将继续在公司下属子公司任职；刘树艳也因个人原因辞去独立董事职 务，及在董事会各委员会的职务。辞职后，二人均未持有公司股份，且其辞职不会影响董事会的法定人数。 2025年一季度报显示，国恩股份今年一季度营收为4 ...

Core Viewpoint - North China Long Dragon (301357.SZ), a composite materials company in the military sector, is attempting a self-rescue acquisition of Henan Zhongsheng Composite Materials Co., Ltd. to address its declining performance [1][6]. Group 1: Company Performance - North China Long Dragon has experienced continuous revenue decline since its listing, with 2023 revenue at 135 million yuan, followed by a 20.1% drop to 108 million yuan in 2024, resulting in a net loss of 10.89 million yuan [2][4]. - The latest quarterly report shows revenue of 20.57 million yuan, down 16.86% year-on-year, and a net loss of 5.07 million yuan, a 244.16% decline [4]. Group 2: Acquisition Details - The acquisition involves issuing shares and cash to acquire controlling interest in Henan Zhongsheng, which specializes in composite materials for the renewable energy sector [1][6]. - Henan Zhongsheng, established in 2019, has a production capacity of over 20,000 tons of glass fiber products annually and serves major clients like BYD and CATL [10][12]. Group 3: Strategic Rationale - The acquisition is seen as a strategic move to diversify into the civilian composite materials market, leveraging North China Long Dragon's military technology for civilian applications [15][18]. - The domestic composite materials market is projected to grow significantly, with annual demand in wind power, photovoltaics, and lightweight vehicles increasing by over 10% [15]. Group 4: Market Response - Following the acquisition announcement, interest from foreign institutional investors surged, with firms like J.P. Morgan and UBS entering the top ten shareholders [9]. - The market is optimistic about the potential for improved performance and valuation if the acquisition is successful and Henan Zhongsheng's financials are consolidated [18].