证券日报网讯唯特偶（301319）12月1日发布公告，在公司回答调研者提问时表示，在新业务拓展方 面，公司持续深耕下游行业大客户，同时通过"外引内研"等方式，持续培养第二增长曲线，构建起完整 的产品矩阵，已成功实现从电子装联材料到"电子装联+可靠性材料"双板块的跨越。在海外市场方面， 公司进一步加大资金、人员等方面投入，逐步打通交付环节，持续增强海外市场本地化生产、交付能 力，搭建完整的国际销售体系。公司将继续在新业务领域和海外市场保持投入，为公司长期发展提供动 力。 ...

这种以金属粉末为主材，搭配有机载体与功能性添加剂，经过纳米级精度配比调制而成的关键功能性复 合材料，正是支撑电子元器件核心功能的"工业血液"——电子浆料。 据中国电子元件行业协会及公司内部数据显示，2024年中国电子浆料市场规模已突破350亿元，占据全 球60%的份额，已然成为全球电子浆料市场的核心。巨大的市场需求背后，是中国电子产业蓬勃发展的 强劲动力，从日常消费的电子产品，到关乎国家战略的通信、能源、航天等领域，电子浆料的身影无处 不在，支撑着整个电子工业的运转,它被视为电子工业中门槛最高、国产化率最低的"隐形战场"。 然而，在电子浆料的高端领域，中国企业却长期缺乏话语权。以被誉为"电子工业大米"的多层陶瓷电容 器（MLCC）为例，这种基础元件的生产精度堪称极致——单颗需交替叠印上千层陶瓷介质与金属电 极，而作为其核心材料的镍浆，在2020年之前国产化率不足1%，90%以上依赖进口，且进口价格高达 百万元/吨；更严峻的是，半导体封装浆料、陶瓷基板浆料等高端品类，国产化率近乎为零，核心技术 与市场主导权牢牢掌握在海外企业手中。 作者 | 林晴晴 编辑 | 袁斯来 在现代电子工业的微观世界里，电子浆料扮演着极 ...

证券代码：301319 证券简称：唯特偶 编号：2025-007 投资者关系 活动类别 ☑ 特定对象调研 □ 分析师会议 □ 媒体采访 □ 业绩沟通会（电话会） □ 新闻发布会 □ 路演活动 □ 现场参观 □ 其他 参与单位名称及 人员名称 红岸私募 宋红伍；灏达投资 资香莲；金田基金 汪邯卿；瑞兆 资产 裴海亮；珞珈投资 程荣庆；君择投资 裴文娟；中邦私募 姚 宏炜；卓商资本控股 李宁；国金永恒私募基金 郭梦茹；普宏投 资 覃大普；懂私慕 刘福全、刘福华、刘海军；个人投资者 李 定安。 时间 2025 年 11 月 28 日 15:00-17:00 地点 公司会议室 上市公司 接待人员姓名 投资部总经理：钟科先生 证券事务代表：潘露璐女士 证券事务专员：吴锋威先生 | | 1、公司的海外业务布局情况如何？ | | --- | --- | | | 答：公司于 2024 年已在美国、越南、泰国等 6 地设立了子公 | | | 司，墨西哥工厂落地强化交付能力，渠道建设与本地化运营初见 | | | 成效，2024 年海外营收占比增速明显。此前产能优先满足国内 | | | 需求，也对海外拓展形成短期制约，后续将随布局 ...

Core Viewpoints - The A-share market is expected to warm up for a bull market in early 2025, with stable funds likely to support the market amid unchanged policy attitudes. The current adjustment is seen as a healthy correction within the bull market, setting the stage for a pre-spring rally at the end of the year and the beginning of the next [4][2] - The AI industry chain is anticipated to be the main line for investment during this period, benefiting from improved liquidity expectations and risk appetite. The Sci-Tech 50 and ChiNext indices are expected to lead the recovery in broad-based indices [4][2] - The AI industry chain remains optimistic, with strong downstream demand and short-term supply challenges in AI infrastructure, presenting investment opportunities in power supply and computing power, particularly in domestic computing power [4][2] December Stock Picks - The December stock picks from Zhongyin Securities include: - Poly Real Estate Group (Real Estate) - Jitu Express-W (Transportation) - China Merchants Energy (Transportation) - Wanhua Chemical (Chemicals) - Anji Technology (Chemicals) - Huayou Cobalt (New Energy) - Anjii Food (Food and Beverage) - Changbai Mountain (Social Services) - Feiliwa (Electronics) [6][8] Real Estate Industry: Poly Real Estate Group - The company experienced a 48.1% year-on-year revenue growth in the first half of 2025, driven by increased project completions. However, net profit attributable to shareholders decreased by 44.3% due to investment losses and increased minority shareholder losses [8][9] - The company’s gross margin improved to 17.5%, up 3.2 percentage points year-on-year, while net profit margin decreased to 1.3% [8][9] - The company’s debt structure has improved, with total interest-bearing debt decreasing by 8.6% year-on-year, and all "three red lines" indicators turning green, indicating a healthier financial position [9][10] Transportation Industry: Jitu Express-W - The company achieved a total revenue of $5.499 billion in the first half of 2025, a year-on-year increase of 13.1%, with significant growth in the Southeast Asian market [13][14] - The company’s market share in Southeast Asia increased to 32.8%, while the Chinese market saw a 20% increase in package volume [14][15] - The company is focusing on cost optimization and has implemented a flexible pricing mechanism to enhance competitiveness [15] Transportation Industry: China Merchants Energy - The company reported a slight decrease in revenue to 25.799 billion yuan in 2024, but net profit increased by 5.59% to 5.107 billion yuan, indicating resilient profitability [16][17] - The fourth quarter saw a significant increase in shipping volume, particularly in high-value routes, contributing to a strong performance [16][17] Chemical Industry: Wanhua Chemical - The company’s revenue from polyurethane, petrochemical, and fine chemicals in the first half of 2025 was 36.888 billion yuan, 34.934 billion yuan, and 15.628 billion yuan, respectively, with the petrochemical segment facing short-term pressure [19][20] - The company’s management reforms have led to improved cost control and resource allocation efficiency, which is expected to enhance future performance [19][20] Chemical Industry: Anji Technology - The company reported continuous high growth in revenue and net profit in the first three quarters of 2025, with a gross margin of 56.61% [23][24] - The company’s polishing liquid sales increased by 38.23% year-on-year, indicating strong demand in the semiconductor market [24][25] New Energy Industry: Huayou Cobalt - The company achieved a net profit of 4.216 billion yuan in the first three quarters of 2025, a year-on-year increase of 39.59%, with a revenue growth of 29.57% [26][27] - The company is advancing its integrated layout with ongoing project developments in nickel and lithium production [26][27] Food and Beverage Industry: Anjii Food - The company reported a revenue increase of 6.6% year-on-year in Q3 2025, driven by product innovation and channel expansion [28][29] - The company is focusing on product structure optimization and cost control, maintaining stable profitability despite rising raw material costs [29][30] Social Services Industry: Changbai Mountain - The company experienced a 6.99% year-on-year revenue growth in the first three quarters of 2025, with a significant increase in tourist numbers during the peak season [31][32] - External transportation upgrades and internal project developments are expected to enhance future growth prospects [32] Electronics Industry: Feiliwa - The company is investing in expanding its quartz electronic fabric production capacity to meet the growing demand for high-end PCB materials [33][34] - The demand for quartz electronic fabric is expected to increase due to advancements in Ethernet switch chip technology [34][35]

天眼查App显示，近日，安远县版石镇光曜电子材料店（个体工商户）成立，法定代表人为杜泳，注册 资本10万人民币，经营范围为一般项目：光伏设备及元器件销售，电子专用材料销售，电子专用设备销 售，技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广（除依法须经批准的项目外，凭 营业执照依法自主开展经营活动）。 ...

Core Viewpoint - Jingrui Electric Materials is acquiring 76.1% of Hubei Jingrui's equity to enhance its position in the electronic materials industry, particularly in high-purity chemicals and semiconductor materials [1][2]. Group 1: Transaction Details - Jingrui Electric Materials will issue shares to acquire 76.1% of Hubei Jingrui, increasing its ownership from 23.9% to 100% [1]. - The transaction is valued at 595 million yuan, based on an asset evaluation that shows a 41.45% increase in value [1]. - The share issuance price is set at 7.34 yuan per share, resulting in the issuance of approximately 81.07 million shares, which will constitute 7.11% of the total post-transaction share capital [1]. Group 2: Company and Industry Overview - Jingrui Electric Materials operates in the electronic materials sector, focusing on semiconductor and new energy materials, with key products including high-purity chemicals and lithium battery materials [2]. - Hubei Jingrui specializes in high-purity chemical research, production, and sales, with products essential for semiconductor manufacturing processes [2]. - The financial performance of Hubei Jingrui has shown a net profit of -38.26 million yuan in 2021, -16.25 million yuan in 2022, and a profit of 23.77 million yuan in 2023, indicating a recovery trend [2]. Group 3: Market and Operational Insights - The demand for Hubei Jingrui's high-purity chemicals is influenced by market conditions, competition, technological advancements, and international economic factors [3]. - The company is in a capacity ramp-up phase, with profitability expected in the first half of 2025, despite anticipated losses in 2023 and 2024 due to high fixed costs and depreciation [2][3]. - The acquisition aligns with national policy initiatives and aims to enhance the overall quality and scale of Jingrui Electric Materials' operations [3].

每经AI快讯，长信科技（SZ 300088，收盘价：5.92元）11月28日晚间发布公告称，截至本公告日，新 疆润丰股权投资企业（有限合伙）累计质押股数为9375万股，占其所持股份比例为54.46%。 截至发稿，长信科技市值为148亿元。 每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 （记者 曾健辉） 2024年1至12月份，长信科技的营业收入构成为：电子材料行业占比100.0%。 ...

11月27日，福莱新材（605488）在上海召开第三代电子皮肤新品发布暨投资者交流会，正式推出集"柔 性材料+芯片+算法+大模型"于一体的新一代触觉传感系统。 福莱新材董事长夏厚君在会上表示，面对全球人工智能的澎湃浪潮，公司毅然地开启了从"功能性涂布 材料供应商"向"智能传感解决方案提供商"的延展升级。这一转型的核心载体"电子皮肤"产品，它标志 着福莱新材成功开辟了以智能感知为代表的"第二增长曲线"。 福莱新材发布第三代产品电子皮肤迈向"芯感一体" 27日当天，福莱新材首席科学家陈书厅代表公司发布了第三代产品，他表示，"我们开创性地提出了机 器人第三大脑的概念——触觉智能TPU"，"一个没有触觉智能TPU的机器人，是没有灵魂的"。 据介绍，三代电子皮肤拥有三大核心突破：首先是"芯感一体"，柔性传感器内部植入了芯片，实现了传 感与处理的深度融合。其次是为其加入了先进的智能算法，使得它对物体不再是简单的"触碰"，而是拥 有了深度的"感知"能力。最后是显著增大了有效感知面积，让机器人能够获得更丰富、更立体的触觉信 息。 由此，福莱新材通过算法的植入，让电子皮肤从单一功能材料，升级为"柔性材料+芯片+算法+大模 型" ...

本次冲击上市，嘉德利拟募集资金约7.25亿元，扣除发行费用后，将投资于新建嘉德利厦门新材料生产 基地（一期）、补充流动资金。 北京商报讯（记者 马换换 李佳雪）11月27日晚间，上交所官网显示，泉州嘉德利电子材料股份公司 （以下简称"嘉德利"）主板IPO进入问询阶段。 据了解，嘉德利是专注从事BOPP电工膜研发、生产和销售的国家级专精特新"小巨人"企业和高新技术 企业。公司IPO于11月6日获得受理。 ...

Core Insights - Lianlong's strategic investment in Shenzhen Stof New Materials Technology Co., Ltd. aims to enhance its electronic materials business and tap into a global market exceeding 40 billion yuan for electronic adhesives [1][2] - The investment reflects Lianlong's commitment to the domestic substitution strategy, addressing the low localization rates of high-end electronic adhesives in China, which are only 20%-30% for general products and below 10% for high-end products [1] Company Overview - Stof is a key player in China's electronic adhesive sector, with four R&D centers located in Tianjin, Shenzhen, Shanghai, and Yokohama, Japan, and a research team comprising over 40 university professors [1] - The company holds 87 patents covering core resin systems such as epoxy, polyurethane, acrylic, and silicone adhesives, with innovative products like anisotropic conductive adhesives and high-refractive-index nano-imprinting adhesives [1] Market Potential - The global electronic adhesive market is projected to grow from $5.1 billion in 2023 to $6 billion by 2025, and further to $12.1 billion by 2033, with a conservative annual growth rate of 9% [2] - China accounts for approximately 40% of the global electronic adhesive market, with domestic market size expected to exceed 17 billion yuan by 2025, reflecting a compound annual growth rate of 12%-15% [2] Strategic Implications - The investment represents a strategic partnership between industry and capital, allowing Lianlong to expand its product matrix in electronic materials and integrate resources from China, Japan, and South Korea [2] - Lianlong's electronic materials business will focus on high-end applications in semiconductor packaging, consumer electronics, and advanced displays, accelerating the development and commercialization of high-end products [2]