点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 报告摘要 PEEK具有多种优秀的性能。 具有 机械特性好、耐热等级高、耐腐蚀等特点 ，PEEK还具有 易于注塑成型、挤出成型和切削加工等优异的加工特性 。 与主要工程塑料、特种工程塑料相比，PEEK性能全面， 在刚性方面优于绝大多数特种工程塑料的同时，也兼具韧性 ，展现了全面的机械性能，此外在 耐热、耐 磨、耐腐蚀等方面均表现优异 ； 与通用金属材料相比，PEEK比强度大，在满足强度要求的前提下，可以大幅度减小材料本身的自重， 成为实现"轻量化"的解决方案 。 此外PEEK在绝缘性、耐化学性方面均优于普通金属。PEEK作为一种高分子新材料， 其主要用于替代金属材料，在"以塑代钢"、"轻量化"的大背景下，PEEK以其 优异的性能在中高端领域逐步替换金属材料的使用 。 PEEK自1978年问世以来，生产能力不断提升，市场空间稳步增长。 从全球市场来看， 2024年全球PEEK市场需求量为10203吨 ，根据弗若斯特沙利文的数据，2022年全球PEEK市场规模为49亿元， 预计全球PEEK市场规模在2027年 将增 ...

[Table_Title] 证券研究报告 / 行业深度报告 PEEK 市场稳步增长，汽车、机器人提供丰富下游应用场景 报告摘要： [Table_Summary] PEEK 具有多种优秀的性能。具有机械特性好、耐热等级高、耐腐蚀等 特点，PEEK 还具有易于注塑成型、挤出成型和切削加工等优异的加工 特性。与主要工程塑料、特种工程塑料相比，PEEK 性能全面，在刚性 方面优于绝大多数特种工程塑料的同时，也兼具韧性，展现了全面的机 械性能，此外在耐热、耐磨、耐腐蚀等方面均表现优异；与通用金属材 料相比，PEEK 比强度大，在满足强度要求的前提下，可以大幅度减小 材料本身的自重，成为实现"轻量化"的解决方案。此外 PEEK 在绝缘 性、耐化学性方面均优于普通金属。PEEK 作为一种高分子新材料，其主 要用于替代金属材料，在"以塑代钢"、"轻量化"的大背景下，PEEK 以 其优异的性能在中高端领域逐步替换金属材料的使用。 PEEK 自 1978 年问世以来，生产能力不断提升，市场空间稳步增长。从 全球市场来看，2024 年全球 PEEK 市场需求量为 10203 吨，根据弗若斯 特沙利文的数据，2022年全球 PEEK ...

机器人"大牛股"公告 9月28日，宁波华翔发布公告称，8月27日公司董事会审议通过议案，同意公司与实际控制人控制的企业共同投资设立 宁波峰梅匹意克新材料有限公司（简称"合资公司"）。9月28日，合资公司与吉林大学签署了《专利实施许可合同》， 合资公司出资3000万元获得吉林大学拥有的与PEEK工业化量产相关的中国专利及专有技术的普通实施许可，期限为 20年。同时，合资公司聘请吉林大学的专家教授等技术团队提供相应的全套技术服务与培训。 获得授权后，合资公司将依据许可技术开展PEEK材料的聚合、提纯、改性、型材加工及复合增强工艺的研发与试生 产。 9月28日，宁波华翔公告称，公司投资设立的宁波峰梅匹意克新材料有限公司出资3000万元获得吉林大学拥有的与 PEEK（聚醚醚酮）工业化量产相关的中国专利及专有技术的普通实施许可，期限为20年。据悉，PEEK材料具有轻量 化、高强度等特性，在人形机器人的关节、骨架等部位具有广阔的应用前景。 回顾此前公告，宁波华翔拟与实际控制人控制的企业——宁波峰梅化学科技有限公司（以下简称"峰梅化学"）和宁波 峰梅匹科企业管理合伙企业（有限合伙）（以下简称"峰梅匹科"）共同投资设立宁波峰 ...

Investment Rating - The report gives a "Buy" rating for the company, marking its initial coverage [10]. Core Views - Focusing on the automotive interior sector, the company aims to become a comprehensive solution provider, emphasizing R&D investment and a clear development path towards smart, electric, and integrated products [4][8]. - The company is in the early stages of exploring technology and resource reserves for lightweight robotics, with potential advantages in technology, R&D, customer relationships, and globalization [9][10]. Summary by Sections Company Overview - Founded in 2006 and headquartered in Wuhu, the company is a leading supplier of automotive interior functional and decorative components, with a complete manufacturing capability from design to assembly [7][20]. - The company has experienced three development phases: system construction, customer expansion, and globalization, successfully listing on the Growth Enterprise Market in 2023 and raising 776 million yuan for new factory production [7][23]. Financial Performance - Revenue grew from 350 million yuan in 2018 to 1.33 billion yuan in 2024, with a compound annual growth rate (CAGR) of approximately 24.8%. In the first half of 2025, revenue reached 820 million yuan, a year-on-year increase of 35.4% [7][29]. - Net profit increased from 10 million yuan in 2018 to 100 million yuan in 2024, with a CAGR of about 42.8%. In the first half of 2025, net profit was 60 million yuan, up 36.4% year-on-year [7][29]. Innovation and Global Strategy - The company maintains a strong focus on R&D, with expenses rising from 20 million yuan in 2018 to 60 million yuan in 2024, reflecting a CAGR of 18.1% [42]. - The company has established six domestic production bases and is expanding in Mexico and Japan, with a significant increase in overseas revenue, which reached 310 million yuan in 2024 [8][32]. Robotics Lightweight Strategy - The company is exploring lightweight materials for robotics, leveraging its existing injection molding capabilities to introduce engineering plastics into the robotics sector [54][55]. - The trend towards lightweight robotics is driven by the need for improved performance in endurance, mobility, and durability, with significant developments in materials like PEEK [55][57]. Investment Recommendations - The company is actively expanding its customer base and product categories while enhancing its international market presence, which is expected to increase revenue potential and profitability [10][54]. - Forecasted net profits for 2025-2027 are 150 million, 220 million, and 270 million yuan, with corresponding price-to-earnings ratios of 50.3X, 35.0X, and 27.6X [10].

中化新网讯 9月18日，世索科宣布，其与浩思动力联合研发的热塑性聚邻苯二酰胺(PPA)电机导油环及 输油管，在2025年Altair Enlighten Award中荣获"模块轻量化"类别的第一名。这一成果采用了世索科的 Amodel PPA，实现了电机效率的重大突破。 据介绍，浩思动力采用这种先进热塑性材料，开发出新型电机冷却设计，与传统金属方案相比，实现了 约47%的减重和36%的成本节约。部件的以塑代钢不仅降低了重量，还实现了零部件集成。通过注塑成 型、激光焊接和快插装配，这一创新方式使得浩思动力的Horse 3DHT160混动专用变速器等智能电驱产 品成功实现量产。 此外，Amodel PPA具备优异的汽车流体耐受性，在150℃低黏度电机专用冷却油(ATF)环境下老化2000 小时后，仍能保持近70%的耐爆破压力性能。该创新设计还以更低的油泵功耗实现了精准润滑，有效预 防电机出现局部过热风险。 ...

Group 1: Company Overview - Jinfa Technology has evolved from a small room in Guangzhou in 1993 to a company with projected revenue exceeding 60 billion yuan in 2024, focusing on modified plastics [10][11] - The company aims to become a "world brand" and has set a long-term goal of becoming a century-old enterprise [10][11] Group 2: Innovation and Product Development - Jinfa Technology's modified plastics are used in one out of every three new energy vehicles globally, thanks to innovative lightweight battery pack solutions that reduce weight by 30% and increase range by 10% [12] - The company has invested over 20 billion yuan in R&D over 30 years, holding more than 6,800 patents across various technology chains [13] - Jinfa Technology emphasizes a direct sales model to closely understand customer needs, which drives precise innovation [13] Group 3: Business Strategy - The company focuses on deepening its core business of modified plastics while expanding upstream to raw materials and downstream to high-value sectors like carbon fiber and medical health [14] - Jinfa Technology is cautious about diversifying into areas outside its core competencies, ensuring that any new ventures align with its technological capabilities and market trends [14][15] Group 4: Global Expansion - Jinfa Technology has established production bases in multiple countries, including the USA, Germany, and India, to enhance its global footprint [17] - The company's overseas sales volume reached 233,500 tons in 2024, marking a year-on-year increase of 29.51% [18] Group 5: Company Overview of Zhonghe Huashu - Zhonghe Huashu has been a key player in fine chemicals and polymer materials for 24 years, recently listing on the New Third Board [19] - The company has successfully developed its own K glue, breaking the previous reliance on imports and filling a domestic technology gap [20][21] Group 6: Environmental Commitment - Zhonghe Huashu emphasizes green production, converting waste into high-value products, such as producing 2-mercaptoethanol from hydrogen sulfide [22] - The company has achieved a global market share of over 40% for its 2-mercaptoethanol product, which is sold in 37 countries [22] Group 7: Integrated Operations - Zhonghe Huashu has established an integrated R&D, production, and sales model to enhance operational efficiency and responsiveness to market demands [23][24] - The company has implemented over 800 technical improvements, resulting in a production efficiency increase of over 10% [23] Group 8: Company Overview of Coman Medical - Coman Medical specializes in neonatal medical devices, achieving significant market share in China and entering international high-end markets [25][26] - The company has developed several innovative products, including the first neonatal dedicated monitor and a combined incubator-monitoring system [26][28] Group 9: Focus on Clinical Needs - Coman Medical prioritizes clinical needs in its product development, leading to the successful launch of specialized devices like the neonatal monitor C60 [27][28] - The company has adopted a strategy of investing more in product quality and functionality to differentiate itself in a competitive market [29] Group 10: Global Reach - Coman Medical has expanded its global presence with over 40 subsidiaries, providing products and services to hospitals in more than 190 countries [31] - The company has successfully penetrated high-end markets in countries like France, the UK, and Germany, achieving international standards in product performance and quality [31]

Core Viewpoint - Shanghai Yahong Moulding Co., Ltd. reported a significant decline in revenue and net profit for the first half of 2025, attributed to market conditions and reduced sales volume, while maintaining a focus on cash flow management and operational efficiency [2][4][5]. Company Overview and Financial Indicators - The company achieved operating revenue of CNY 202.61 million, a decrease of 13.05% compared to the same period last year [4][5]. - The total profit for the period was a loss of CNY 1.53 million, down 114.31% year-on-year [4][5]. - The net profit attributable to shareholders was a loss of CNY 1.81 million, a decline of 118.64% compared to the previous year [4][5]. - The net cash flow from operating activities was CNY 31.32 million, an increase of 514.43% year-on-year [4][5]. - Total assets at the end of the reporting period were CNY 618.41 million, with net assets of CNY 503.78 million [4][5]. Industry and Main Business Analysis - The plastic mould industry in China is experiencing steady growth, with a 5% year-on-year increase in production in the first half of 2025 [3][4]. - The automotive industry is a key application area for injection moulds, with significant demand driven by the rapid development of new energy vehicles [3][4]. - As of June 2025, the total number of vehicles in China reached 460 million, with new energy vehicles accounting for 10.27% of the total [3][4]. - The company focuses on precision injection mould design and manufacturing, serving major automotive manufacturers and home appliance producers [3][4]. Operational Strategy and Market Position - The company employs a customized production model for its plastic mould products, ensuring alignment with client specifications [5][6]. - The sales model remains stable, primarily direct sales based on customer requirements [5][6]. - The company has established a robust supplier management system, ensuring a steady supply of raw materials [6][7]. - The management emphasizes cash flow health as a core operational strategy, focusing on optimizing accounts receivable and payable [7][8]. Competitive Advantages - The company possesses advanced technology and equipment, including a precision mould R&D center and automated production lines [9][10]. - It offers a comprehensive manufacturing system that integrates mould development, injection molding, and assembly services [10][11]. - The company benefits from its location in the Yangtze River Delta, a hub for the automotive and parts industry, enhancing its market access [11][12].

Group 1 - The company focuses on precision manufacturing, specifically in automotive electronic precision components and lightweight functional parts, with nearly 30 years of experience in precision mold and injection molding development and manufacturing [1] - The main application development is centered around special engineering plastics such as PPS, PA, PBT, PC, POM, and PPE, with accumulated experience in mold development and manufacturing processes for high-end application materials like PEEK [1] - The automotive sector has widely adopted the use of plastics instead of steel, and lightweighting is a significant development direction for emerging industries such as humanoid robots [1] Group 2 - The company is actively monitoring changes in the industry and client business, seeking potential business cooperation opportunities, and continuously penetrating into higher value application scenarios [1]

方正富邦基金李朝昱认为，人形机器人作为人工智能、高端制造和新材料技术的集成载体，有望成为继 计算机、智能手机和新能源汽车后的又一颠覆性产品。而为了达到实际应用中更加轻巧、高效率及续航 稳定性等需求，轻量化将是未来行业的大势所趋，而材料轻量化将是最重要的途径之一。目前，PEEK 材料凭借其优异的综合性能有望成为未来行业的首选，成长空间广阔。 风险提示：投研观点不代表公司立场，不构成投资建议，不代表基金实际持仓或未来投向保证。观点具 有时效性。 机器人板块持续走强，PEEK材料概念股涨7.54%，领涨市场。Wind数据显示，截至8月11日，8月以来 PEEK材料指数涨幅达23.14%。 轻量化作为人形机器人未来的发展趋势之一备受关注，这其中PEEK材料的应用是一个重要途径。PEEK 材料，又叫聚醚醚酮，是一种高性能特种工程塑料。其本身具有机械性能优异、耐高温、质量轻、耐化 学腐蚀、自润滑、阻燃及生物相容性好等特性，，可以广泛应用于工业、医疗、颅骨修补、人形机器人 等领域。是目前机器人"以塑代钢"的优选材料之一。 8月人形机器人利好消息不断，展会、赛事、消费节齐召开。8月8日-12日期间，世界机器人大会在北京 亦庄 ...

PEEK材料今日继续爆发，华密新材涨近30%，新翰新材、凯盛新材、中欣氟材等涨停。 开源证券指出，轻量化材料正逐步从机器人外壳渗透到核心零部件中，关注几个核心产业投资方向： （1）结构设计和材料设计持续优化下，核心零部件公司凭借自身强大的加工制造能力和产品设计能力 推出精度更高的轻量化产品，如行星滚柱丝杠，丝杠公司通过一系列设计和对核心部件使用改性材料， 使得产品强度、精度提升。相关具备强大加工制造能力的丝杠、减速器、关节模组公司有望持续受益。 （2）轻量化材料端"以塑代钢"趋势确定情形下，包括上游材料端和中游高精度嵌件注塑企业有望持续 受益。这其中具备嵌件设计、模具精度与工艺控制的成熟注塑公司和具备强大技术实力的原材料（包括 peek在内的工程塑料等）企业将首当其冲。（3）区别于传统加工方式，人形机器人及减速器、灵巧手 等核心零件从材料端到设计端存在较大变化，新型的加工方式会带来更多样化的需求，如3D打印、粉 末冶金（MIM）等技术正在极大程度上改变生产制造流程。 太平洋证券指出，受益于机器人及低空经济产业链，关注度持续提升。今年以来，机器人的关注度持续 提升，产业链的相关材料也日益受到重视，需求或增加，如 ...