【DT新材料】 获悉， 9月26日，由寰球大庆公司总承包建设的 山东联泓格润 20万吨/年EVA装置实现高标准、高质量中交，标志着该装置正式从项目 建设阶段转入联动试车与试生产阶段。 据悉，联泓格润一体化项目总投资125亿元，占地1600余亩，涵盖20万吨/年EVA装置、30万吨/年环氧丙烷PO装置、5万吨/年PPC生物可降解材料、 130万吨/年甲醇制烯烃MTO装置、24万吨/年PPG装置及配套公用工程等装置。 其中，寰球大庆公司承建的20万吨/年EVA装置采用Basell公司管式反应专利技术生产EVA树脂颗粒，具有进口设备占比高、工艺流程复杂、自动化程 度领先等特点， 与公司现有的高压釜法技术-10形成互补，将补齐联泓公司全系列高压EVA产品。 光伏材料方面，公司已布局光伏胶膜核心原材料EVA和POE，现有EVA产能15万吨/年，联泓格润一体化项目投产后，EVA产能将达到35万吨/年；同 时，9万吨/年VA装置已于2024年1月开车成功并连续满负荷稳定运行，EVA装置实现原料完全自供。 2025 (5th) Forum on High-value Utilization of Non-grain Biom ...

Core Viewpoint - The successful production of the 100,000 tons/year POE project by Shenghong Petrochemical marks a significant breakthrough in China's ability to produce POE independently, breaking decades of foreign technological monopoly [1][2]. Group 1: Company Developments - Shenghong Petrochemical has developed 18 different grades of POE products, which can be widely used in high-end fields such as photovoltaic encapsulation films, automotive manufacturing, and polymer modification, positioning it as a new profit growth driver for the company [1]. - The company has achieved a level of technological accumulation in five years that would typically take Western companies thirty years, surpassing international competitors in key performance indicators such as volume resistivity [2]. - The company is now the only one in China capable of independently producing both photovoltaic-grade EVA and POE, enhancing its competitive edge in the photovoltaic materials market [3]. Group 2: Industry Insights - The global demand for POE products is projected to reach approximately 1.12 million tons in 2024, with an expected compound annual growth rate of 5.72% over the next decade, indicating strong growth potential in emerging applications [3]. - The photovoltaic encapsulation film is currently the fastest-growing downstream application of POE, accounting for nearly 40% of the market, with demand for POE in photovoltaic applications expected to exceed 500,000 tons by 2025 [3]. - The successful launch of the POE project is expected to save downstream companies over 5 billion yuan annually by eliminating reliance on expensive imports [2].

Core Viewpoint - Lingwei Technology (301373) is actively involved in the photovoltaic materials sector, particularly in enhancing the transparency and weather resistance of solar cell backsheet films [1] Group 1: Company Applications - The company's products are applicable in various industries including coatings, inks, 3C electronics, photovoltaics, plastics, petrochemicals, and medical films [1] - End customers are distributed across industrial manufacturing, woodwork, furniture, leather, textiles, roll materials, inkjet paper, advertising consumables, rail transportation, UV, wind turbine blades, and plastic films [1] Group 2: New Application Areas - The company is expanding into new application areas such as fire-resistant high-temperature materials, metal surface agents, industrial corrosion protection, ceramics, battery polishing liquids, solar cell backsheet films, beverage clarifiers, medical films, and medical gloves [1] Group 3: Commitment to Industry Development - The company is committed to continuously monitoring and actively participating in the development of the photovoltaic and battery industries, aiming to provide environmentally friendly and efficient new material solutions for these sectors [1]

Company Performance - LeKai Film reported a significant decline in net profit, down 66.26% year-on-year, with a total revenue of 644 million yuan, a decrease of 15.97% compared to the previous year [1] - The second quarter showed a total revenue of 354 million yuan, down 14.16% year-on-year, and a net profit of -24.34 million yuan, a staggering decline of 99.93% [1] - The gross margin improved slightly to 13.43%, an increase of 3.06% year-on-year, while the net margin fell to -7.76%, a decrease of 90.37% [1] Financial Metrics - Total revenue for 2024 was 766 million yuan, while for 2025 it dropped to 644 million yuan, reflecting a 15.97% decline [1] - The company’s cash assets are reported to be healthy, with cash funds increasing by 41.44% to 814 million yuan [3] - The company’s debt levels decreased significantly, with interest-bearing liabilities down 64.65% to 39 million yuan [1][3] Industry Overview - The imaging materials market is experiencing a decline in overall market capacity, with a shift in demand towards diverse output methods [4] - The photovoltaic materials sector is facing intense competition and price reductions, with major products experiencing a "volume increase, price decrease" trend [4] - The lithium battery materials market is growing rapidly, with significant increases in global shipments of automotive power batteries and energy storage batteries [5]

Core Viewpoint - Jiangsu Pacific Quartz Co., Ltd. reported significant declines in financial performance for 2024, with total revenue dropping by 83.15% to CNY 121,028.05 million and net profit attributable to shareholders decreasing by 93.38% to CNY 33,357.14 million, indicating challenges in the quartz industry, particularly in the photovoltaic sector [18][19][32]. Financial Performance - The company achieved a total revenue of CNY 121,028.05 million in 2024, a decrease of 83.15% compared to CNY 718,423.11 million in 2023 [19][32]. - Net profit attributable to shareholders was CNY 33,357.14 million, down 93.38% from CNY 503,913.29 million in the previous year [18][19][32]. - The basic earnings per share fell to CNY 0.62 from CNY 9.30, reflecting a decline of 93.33% [20][32]. Business Segments - Revenue from the photovoltaic segment plummeted by 93.97%, contributing CNY 38,134.73 million in 2024 compared to CNY 632,142.18 million in 2023 [19][32]. - The light source segment saw a slight decrease of 5.71%, generating CNY 30,584.39 million in 2024 [19][32]. Corporate Governance - The board of directors emphasized the importance of adhering to legal regulations and maintaining corporate governance standards, ensuring that all major decisions are compliant with laws and beneficial to shareholders [28][30]. - The company plans to enhance its internal control systems and governance structures to support sustainable development [27][28]. Future Outlook - The company aims to optimize its product structure and increase market share in the semiconductor and photovoltaic sectors, focusing on sustainable growth and innovation [26][27]. - There is a commitment to increasing research and development investments to achieve technological breakthroughs and enhance competitive advantages in the quartz industry [27][28].