编号：2026-004 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | 现场参观 | | | □其他 | | 参与单位名称及 | 中金公司 傅铠铭、俞芳、徐啸天 | | 人员姓名 | 象屿创投 肖翔、刘荣 | | 时间 | 2026年3月2日 | | 地点 | 福建省厦门市海沧区翁角路268-1号 | | 上市公司接待人 员姓名 | 董事会秘书 马彬惠 | | | 1、公司在BOPA行业的生产和研发积累了哪些技术优势？ | | | 经过多年深耕与发展，公司已积淀形成深厚的技术优势：工 艺技术方面，公司是全球极少数同时成熟掌握机械分步拉伸、机 | | | 械同步拉伸以及磁悬浮线性电机同步拉伸工艺的厂商，多种生产 | | | 技术组合可针对下游客户的定制化需求进行柔性切换。上述技术 | | 投资者关系活动 | 使公司在双向拉伸薄膜领域具备显著技术优势。公司凭借丰厚的 | | 主要内容介绍 | 技术储备，能够持续在新材料领域挖掘高附加值、高技术壁垒的 | | | 高功能性膜材，以技术驱动 ...

1、平台型新材料企业值得长期关注 平台型公司有以下几个特征:a)技术平台化:依托底层技术（如有机合成、 高分子材料等）拓展多领域应用。b)产品多元化:覆盖多个高成长赛道,如 半导体、显示材料、新能源材料等。c)抗周期性强:通过多业务布局分散风 险,能够在经济周期波动中保持稳健增长。 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 2、把握材料的"1-N"进程 目前,我国多数半导体材料及部分电子材料还没有国产化,关键在于把握哪 个公司率先 1-N 可获得更为超额的收益。如我们 2024 年 12 月在《光刻胶 材料攻坚:国产替代进行时,色浆最具预期差》中提到的;徐州博康，公司 为国内主要的产业化生产中高端光刻胶单体企业，随着整个产业链国产化率 的提升,业绩弹性可期。KrF 国产树脂的放量,建议关注强力新材、彤程新 材。高端干膜的产业化，主要关注容大感光的项目进程。光刻胶原材料，建 议关注世名科技（与化工团队联合覆盖）。 3、长期跟踪前沿材料的发展进度 前沿材料还在产业化的及早期,需要更长时间跟踪技术的变化及产业化落地 的时点。目前前沿材料包括:超材料、超导材 ...

Core Insights - A recent seminar on new materials (ceramics and ceramic coatings) was held at the China Science and Technology Hall, supported by the China Association for Science and Technology and organized by the China Inspection and Testing Society [1][2] - Over 20 experts from universities, research institutes, and enterprises gathered to discuss key technological issues related to material research, application, and testing standards [1] - The seminar focused on breakthroughs in cutting-edge technologies, showcasing experimental data on new materials such as CrTaO4 and CaTa2O6, highlighting their low thermal conductivity and resistance to CMAS corrosion [1] - Discussions emphasized the need to overcome core technical bottlenecks, including multi-field coupling simulation and in-situ characterization accuracy, to advance testing technology towards high precision and intelligence [1] Industry Developments - The seminar included a main report session where significant advancements in high-temperature coatings for energy equipment were shared, providing insights into material design pathways [1] - New technologies for evaluating ceramic coating performance were presented, contributing to the standardization of new materials [1] - Following the seminar, experts visited the China National Inspection Testing Group to examine the development history of domestic ceramics and other materials, fostering collaboration between industry, academia, and research [2]

Core Insights - The ninth "Maker Guangdong" New Materials SME Innovation and Entrepreneurship Competition was held in Dongguan, showcasing high-quality new materials projects from various regions, including semiconductor chip materials and graphene materials [1][4][20] - The new materials industry is identified as a core support for the transformation and upgrading of the manufacturing sector, with Dongguan focusing on nurturing new momentum through this industry [4][22] Competition Highlights - The competition successfully attracted international projects and focused on the electronic information and biomedicine sectors, demonstrating diverse breakthroughs in new materials technology [7][16] - Notable projects included "Graphene Thermal Pads" by MoRui Technology, which addresses thermal management challenges in high-power chips and has seen explosive market demand [10][11] - The first prize in the entrepreneurial group went to "Copper Innovation Future," which specializes in high-end copper micro-wire preparation technology, benefiting from Dongguan's policy support and industrial ecosystem [14] Support and Future Prospects - The event was supported by various institutions, including the South China New Materials Research Institute and financial services from Bank of China Guangdong Branch, enhancing the competition's international level [16] - The successful hosting of the competition is expected to inject new momentum into the high-quality development of the new materials industry, with projects continuing to receive attention and support [20][22]

Investment Rating - Industry Rating: Outperform the market (maintained rating) [5] Core Insights - Japan's experience in new materials development highlights the importance of a collaborative model between industry, government, and academia, leading to significant technological advancements and market leadership [1][2] - China's new materials sector has made notable progress but still faces challenges, particularly in reliance on foreign key materials and the need for enhanced innovation capabilities [2] - The report suggests three key investment directions in the new materials sector, focusing on platform-type companies, the "1-N" process for material development, and tracking advancements in frontier materials [3][4][5] Summary by Sections Japan's New Materials Development History - Japan's post-war reconstruction focused on basic industries, gradually advancing to high-tech materials through technology importation and innovation [12][14] - The 1960s to 1980s saw rapid economic growth and technological innovation, with significant advancements in semiconductor and electronic materials [14][15] - The 1980s marked a shift towards self-reliance in technology, leading to Japan's dominance in the semiconductor market by the mid-1980s [29][30] China's New Materials Sector - China's development in new materials has followed a similar trajectory to Japan but is lagging in certain areas, particularly in high-end materials where foreign dependency remains high [2] - The report emphasizes the need for improved innovation capabilities and higher industrialization rates in China's new materials sector [2] Investment Opportunities - Platform-type new materials companies are recommended for long-term investment due to their strong resilience across economic cycles and diversified product offerings [3] - Companies such as Dinglong Co. and Huamao Technology are highlighted as key players in this space, with potential candidates like Times New Material and Kaisheng Technology also identified [3] - The report suggests focusing on companies that can lead the "1-N" process in semiconductor materials, with specific attention to Xu Zhou Bokan and other emerging firms [4] - Frontier materials, including metamaterials and superconductors, require ongoing monitoring for technological advancements and commercialization timelines [5]