合肥恒鑫生活科技股份有限公司 投资者关系活动记录表 编号：2025-009 证券代码： 301501 证券简称：恒鑫生活 尊敬的投资者，您好！欧洲生物塑料协会（EUBP）正式发布了《工 业可堆肥材料制品认证方案》的新版本（2025 年 10 月），将于 2026 年 1 月生效。新规最关键的变化在于，要求对产品中含量在 1%至 15% 之间的每个有机组分进行独立的"最终生物降解能力"测试。新增要 求：对含量>1%至<15%的每种有机成分，需证明其最终生物降解性； 调整门槛：含量≤1%的有机化合物（无需测定生物降解性）的总占比 上限从 5%降至 3%。欧洲生物塑料协会（EUBP）新版《工业可堆肥材 料制品认证方案》收紧了"可堆肥塑料"的定义和应用范围，是欧洲 绿色转型的"催化剂"，为真正环保、安全、可追溯的工业堆肥塑料 产品提供了清晰的"官方身份认证"和市场通行证。感谢您对公司的 关注！ 5.公司 PHA 产品的技术特点及前景如何？ 尊敬的投资者，您好！PHA 材料是一种生物基环保材料，不仅可 以工业堆肥，还可以家庭堆肥和海洋降解；同时，PHA 产品正从一种 "未来材料"加速走向商业化。公司已积累 PHA 产品 ...

Core Insights - The article emphasizes the rapid growth and potential of polylactic acid (PLA) biodegradable plastics as a sustainable alternative to traditional petroleum-based plastics, driven by global green initiatives and domestic policies in China [1][7][10]. Industry Overview - PLA is derived from renewable plant resources, such as corn and cassava, through fermentation to produce lactic acid, which is then polymerized into biodegradable polyester [2][3]. - PLA offers advantages over traditional plastics, including lower carbon emissions, good biocompatibility, and adaptability to various applications like packaging and medical devices [5][6]. Market Dynamics - The global biodegradable plastics market is projected to grow significantly, with production capacity expected to reach approximately 573 million tons by 2029, reflecting a compound annual growth rate (CAGR) of over 18% [8][10]. - In China, the biodegradable materials market is anticipated to reach 29.9 billion yuan in 2024, with a year-on-year growth of 29.59%, and is expected to exceed 48 billion yuan by 2025 [10][11]. Competitive Landscape - Leading domestic companies such as Fengyuan Group, Haizheng Biomaterials, and Jindan Technology are actively expanding their production capacities and integrating the supply chain from raw materials to PLA production [11][12]. - International players like NatureWorks and TotalCorbion are also establishing a presence in China, creating a differentiated competitive landscape [11]. Future Trends - The PLA industry is expected to focus on overcoming technical barriers, enhancing product performance, and expanding into high-value applications such as medical materials and engineering plastics [13][14]. - There is a strong emphasis on building a sustainable circular economy, utilizing non-food biomass resources, and improving recycling technologies to align with carbon neutrality goals [15].

Group 1 - The company is currently focusing on exporting its surplus capacity primarily to non-US regions, with domestic sales being limited due to ongoing regulations on plastic usage [2] - The domestic capacity utilization rate is approximately 50%, indicating that there is significant room for improvement in operational efficiency [2] - The company is actively advancing market and new product development initiatives to enhance its business prospects [2]