Core Viewpoint - The company is focusing on enhancing its competitive edge through diversified product offerings, strategic market expansion, and increased R&D investment to address market competition risks [1][2]. Group 1: R&D and Product Development - The company plans to invest in emerging material fields such as recyclable composite materials, functional film materials, aluminum-plastic films, and electronic materials to improve product technology and market competitiveness [2]. - The company is advancing its aluminum-plastic film business for new energy applications, working on battery manufacturer validations and aiming to penetrate the power battery supply chain [2]. - The company is also developing high-end medical film materials, with products like stoma bags currently in the research and development phase [3]. Group 2: Market Expansion Strategies - The company aims to solidify its domestic market presence while actively expanding into international markets, particularly in the Middle East and Japan/Korea, through participation in international exhibitions and establishing subsidiaries abroad [2]. - The company emphasizes the importance of customer relationship management to maintain existing clients and explore potential customers, thereby building a diversified customer base [1]. Group 3: Financial Performance and Future Outlook - The company is committed to the principles of "value creation, value realization, and value management," focusing on cost reduction, efficiency improvement, and accelerating production capacity [2]. - The company acknowledges that its fundraising projects have not yet met initial expectations and plans to pursue mergers and acquisitions to enhance its competitive position and market status [2].

证券研究报告 天通股份 (600330 CH) 装备业务压力仍存，材料等业务向好 2025 年 8 月 27 日│中国内地 其他金属非金属新材料及加工 天通股份发布半年报，2025 年 H1 实现营收 15.84 亿元（yoy+1.00%）， 归母净利 5260.73 万元（yoy-33.29%）。其中 Q2 实现营收 8.69 亿元 （yoy+20.13%，qoq+21.70%），归母净利 464.57 万元（yoy-86.54%， qoq-90.31%）。公司在设备和材料细分领域均处于行业领先地位，目前设 备业务受市场环境影响导致整体业绩有所承压，静待行业景气回暖，但考虑 公司围绕新兴材料领域增强布局，因此维持"买入"评级。 公司材料业务稳健增长，专用设备营收和毛利大幅下滑 公司 25H1 电子表面贴装产品、材料销售及其他业务实现营收 13.7 亿 （yoy+24.97%）、0.64 亿（yoy-0.09%）；对应毛利为 2.55 亿（yoy+30%）、 0.39 亿元（yoy+92.73%），两项业务毛利合计占比 89.94%。因光伏行业 市场需求下行，导致公司专用设备业务销售额下降；25H1 公司该业 ...