依托于高分子领域的深厚功力，鹿山新材（603051）正快速切入以机器人电子皮肤为代表的智能终端核 心材料。 另一方面，离电型路线的材料本身柔软可拉伸，能像"第二层皮肤"一样紧密贴合机器人关节、指尖等复 杂曲面，不影响运动自由度。更关键的是，其材料体系基于高分子与离子化合物，可通过配方与工艺优 化实现可控成本，具备大规模应用潜力。 而高分子材料正是鹿山新材深耕近三十年的行业。公司指出，切入机器人产业所迫切需要的"柔性 化"、"集成化"与"高性能化"材料，得益于其在高分子合成、改性、复合以及精密涂布方面积累的技术 经验和工艺能力，以及构建了覆盖"材料设计—工艺开发—规模化制造"的完整体系。 这种基于底层材料技术积累的优势还将带来更广阔空间。鹿山新材表示，未来3-5年将坚定贯彻"以高分 子材料技术驱动未来智能生态"的战略方向，聚焦柔性显示、电子皮肤与固态电池三大高成长性赛道， 致力于成为人形机器人及智能终端产业中关键材料与解决方案的核心供应商。(文穗) 1月15日，鹿山新材推出新一代离电型温压双模态电子皮肤产品。通过压力-温度双模态集成传感技术， 其电子皮肤的单个传感器可同时、独立地感知外界接触力的大小与物体表面温 ...

Core Viewpoint - Wuhu Jiahong New Materials Co., Ltd. has officially submitted an IPO application to the Beijing Stock Exchange, aiming to raise 425 million yuan [1] Financial Performance - Total assets have increased from 544.05 million yuan in 2022 to 707.38 million yuan by September 30, 2025 [2] - Total equity attributable to shareholders has grown from 414.16 million yuan in 2022 to 587.25 million yuan in 2025 [2] - The company's revenue fluctuated, with 2022 revenue at 355 million yuan, a slight decrease to 348 million yuan in 2023, a rebound to 401 million yuan in 2024, and 292 million yuan reported for the first three quarters of 2025 [5] - Net profit has shown a downward trend, from 76.98 million yuan in 2022 to 44.51 million yuan in 2025 [5] - The gross profit margin has varied, recorded at 39.27% in 2022, 45.93% in 2023, 45.24% in 2024, and 43.95% in 2025 [2] Business Structure - The company focuses on high polymer material technology, specializing in thermal management and optical communication products, with applications across various industries including oil and gas, chemicals, power, marine, semiconductors, rail transportation, and new energy vehicles [4] - The company's main business revenue is clearly structured by product or service categories, which directly impact overall revenue and profit levels [6] - The top five customers play a significant role in the company's business, influencing operational development through their purchasing scale and stability [6]