【DT新材料】 获悉， 5月22日， 沃特股份 公告，公司 全资子公司重庆沃特智成新材料科技有限公司正式获得《安全生产许可证》，标志着年产20,000 中国合成树脂协会生物基与可降解分会 中国合成橡胶工业协会热塑性弹性体分会 生物基材料产业技术创新战略联盟 生物质产业碳中和技术创新联盟 nova institute 韩国生物塑料协会（KBPA） 吨LCP树脂材料项目（一期、二期）及年产1,000吨PAEK树脂材料项目（一期）进入正式生产期。 随着重庆沃特产能全面释放， 沃特将实现LCP树脂年产能25,000吨 ，PEEK产业链实现"合成-改性-加工"全流程自主掌控。 LCP材料 ：完成从技术引进到自主创新的跃迁，打造"合成-改性-成型"垂直产业链，产品入选工信部替代目录。 PEEK材料 ：掌握全产业链核心技术，在人形机器人关节等尖端领域实现国产替代，掀起"以塑代钢"革命浪潮。 通过"特种材料平台化"战略的十年深耕，沃特已从5G材料的破局者，进化为覆盖5G/6G、机器人、低空经济、AI、新能源、航空航天等前沿领域的材料解决方案领 航者。 说明： 本文部分素材来自于沃特股份 及网络公开信息，由作者重新编写，转载请 ...

01 研修背景 随着PA66关键原料己二腈国产化全面投产以及高温尼龙、长链尼龙等特种材料的合成技术突 破，中国尼龙产业正加速向高端化、低碳化转型。与此同时，新能源汽车、电子电气、低空经 济、具身智能机器人等新兴场景对尼龙材料的耐高压、轻量化、阻燃等性能提出更高要求，同时 为尼龙改性配方设计、工艺优化及助剂产业带来了巨大的机遇和挑战。 在此背景下，DT新材料延续前七期的精彩， 将于 2025年7月4-5日 在 宁波 举办《尼龙改性及高 性能化加工技术》高级研修班（第八期）。 本次研修从大家关注的 高温尼龙、高性能助剂、改 性加工技术、创新配方设计、螺杆组合设计 等生产难题出发 ，为大家邀请到相关细分领域拥有 多年实战经验的行业专家，分享尼龙改性及高性能化加工技术的创新思路和实战经验，促进企业 的技术创新和产品质量提升。 02 研修组织 主办单位：DT新材料 协办单位：宁波德泰中研信息科技有限公司 03 研修大纲 7月4日（周五） 9:00-10:30 主题：高 温尼龙树脂的特性及改性对应 讲师：朱俊 上海北冈新材料有限公司副总经理 课程内容： 高温尼龙树脂 的改性路径如何设计？典型改性配方与工艺如何匹配？ 玻纤 ...

Core Viewpoint - Tianjin Binhai Energy Development Co., Ltd. (Binhai Energy) has announced a restructuring plan to acquire 100% equity of Cangzhou Xuyang Chemical Co., Ltd. (Cangzhou Xuyang) through a share issuance, marking its first asset restructuring since the change of control in early 2022 [2][4]. Group 1: Business Overview - Binhai Energy's current main business focuses on the research, production, and sales of lithium battery anode materials [4]. - The company has faced continuous losses over the past five years, with a cumulative loss of approximately 220 million yuan, and has not distributed dividends since 2009 [4]. - The restructuring aims to establish a dual business model of "anode materials + nylon new materials," enhancing sustainable development capabilities [4]. Group 2: Financial Data and Performance - Cangzhou Xuyang is the world's second-largest caprolactam producer, with products including caprolactam, nylon 6, and nylon elastomers [4]. - Cangzhou Xuyang's net profit is projected to decline significantly, with estimates of approximately 348 million yuan in 2023 and 238 million yuan in 2024, indicating volatility in profitability [4][5]. - As of Q1 2025, Cangzhou Xuyang's total assets are approximately 14.58 billion yuan, while Binhai Energy's total assets are only about 1.33 billion yuan, highlighting a significant disparity in asset scale [5]. Group 3: Challenges and Risks - The acquisition is characterized as a "snake swallowing an elephant" type of merger, presenting substantial integration and operational challenges for Binhai Energy due to the vast difference in asset sizes and revenue scales [5]. - Binhai Energy's financial performance remains under pressure, with losses of approximately 18.11 million yuan in 2023 and 28.13 million yuan in 2024, alongside a rising asset-liability ratio reaching 82.95% by Q1 2025 [6]. - The high asset-liability ratio may lead to increased financing difficulties and reduced operational flexibility for Binhai Energy, impacting its risk resilience amid market fluctuations [6]. Group 4: Future Outlook - The success of Binhai Energy's diversification into nylon new materials and its ability to leverage dual business operations to overcome ongoing losses and enhance asset scale, revenue, and net profit remains to be seen [7].

Core Viewpoint - Binhai Energy plans to acquire 100% equity of Cangzhou Xuyang Chemical through a share issuance, constituting a related party transaction due to common control by Yang Xuegang [1] Group 1: Acquisition Details - The acquisition involves Cangzhou Xuyang, which specializes in the research, production, and sales of nylon new materials, with a production capacity of 750,000 tons/year for caprolactam [1] - Cangzhou Xuyang holds a 6.1% share of the global caprolactam market, ranking second worldwide [1] - The post-investment valuation of Cangzhou Xuyang after a previous investment by Shenzhen Capital Group was 5.337 billion yuan [1] Group 2: Financial Performance - Cangzhou Xuyang's financials show a revenue of 10.311 billion yuan and a net profit of 238 million yuan for 2024, with Q1 2025 revenue at 2.412 billion yuan and net profit at 211 million yuan [2][5] - In contrast, Binhai Energy reported a revenue of 9.276 billion yuan and a net profit of 348 million yuan for 2023, with discrepancies noted in the reported net profit figures [4] Group 3: Market Conditions and Risks - The price of caprolactam has been declining, from approximately 15,000 yuan/ton at the beginning of 2024 to around 8,500 yuan/ton by May 2025, raising concerns about Cangzhou Xuyang's future profitability [9] - The industry is expected to face overcapacity issues, with a projected overcapacity rate of about 30% by 2026 due to increased production from various companies [9] - Binhai Energy's financial health is concerning, with a debt ratio rising from 45.62% in 2020 to 82.95% in Q1 2025, indicating ongoing financial struggles [8]

Core Viewpoint - Under the backdrop of global supply chain restructuring, Kingfa Technology has seen significant new opportunities in its export business, as overseas companies are adjusting their supply structures to seek better quality and faster response suppliers [1]. Financial Performance - In 2024, Kingfa Technology's revenue reached 60.514 billion yuan, a year-on-year increase of 26.23%, and the net profit attributable to shareholders was 0.825 billion yuan, a substantial growth of 160.36% [1]. - In the first quarter of 2025, the company continued its growth momentum, achieving revenue of 15.666 billion yuan, a year-on-year increase of 49.06%, and a net profit of 0.247 billion yuan, up 138.20% [1]. Business Segments - The sales volume of special engineering plastics, a key segment, showed strong growth, reaching 0.63 million tons in the first quarter, a year-on-year increase of 91% [1]. - Kingfa Technology is focusing on high-end chemical new materials, particularly in emerging industries such as humanoid robots and low-altitude economy [1]. Technological Advancements - The company plans to tackle key industrialization technologies for new materials such as long-chain polyamide and ultra-high heat-resistant LCP, aiming to reduce reliance on imports [2]. - Kingfa Technology has maintained R&D expenditures exceeding 1 billion yuan for seven consecutive years, with an average annual R&D investment ratio of around 4% of revenue [2]. Capacity Expansion - The current production capacity for LCP is 6,000 tons per year, with plans to rapidly increase by an additional 15,000 tons per year, expected to be released gradually by June 2025 [2]. - A project for producing 0.8 million tons of long-chain polyamide has also been initiated, with production planned to start in March 2026 [2]. Market Opportunities - Kingfa Technology's overseas business is experiencing rapid growth, with a total product sales volume of 233,500 tons in 2024, reflecting a year-on-year increase of 29.51% [2]. - The changing global supply chain dynamics have created opportunities for Kingfa Technology to fill supply gaps as overseas manufacturers adjust their supply chains [3].

证券代码：300995 证券简称：奇德新材 编号：2025-055 | | ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 | | --- | --- | | 投资者关系 | | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 ☑电话会议 | | | □其他： | | 参与单位名 | | | 称及人员姓 | 金鹰基金管理有限公司 方超 | | 名 | | | 时间 | 2025 年 5 月 21 日（星期三）下午 16:00 至 17:00 | | 地点 | 线上会议：腾讯会议 | | 公司接待人 | 董事会秘书：陈云峰 | | 员姓名 | 证券事务代表：赵美美 | | | 问答交流主要内容： | | | 1、公司碳纤维产品的竞争优势有哪些？ | | 投资者关系 活动 | 回复：公司碳纤维制品聚焦新能源汽车行业的轻量化及高端化的产业应用， | | | 通过持续的研发投入及工艺提升，为主机厂提供从结构设计，原材料开发及选定， | | 主要内容介 | 工艺方案，模具开发，多工艺成型量产交付等车规级碳纤维制品一站式服务。具 | | 绍 | 体产品包括前舱盖，行李箱盖，自动尾翼，侧裙，前后 ...

2025 年 5 月 21 日 行业研究/行业周报 化学原料行业近一年市场表现 资料来源：最闻 相关报告： 火电，西格里碳素关闭 Lavradio 碳钎维 基 地 - 新 材 料 周 报 （ 250505-0509 ） 2025.5.13 【山证新材料】亦庄人形机器人半马顺 利举行，轻量化 PEEK 材料有望高速发 展-新材料周报（250414-0418）2025.4.24 分析师： 冀泳洁 博士 执业登记编码：S0760523120002 邮箱：jiyongjie@sxzq.com 王锐 执业登记编码：S0760524090001 邮箱：wangrui1@sxzq.com 申向阳 邮箱：shenxiangyang@sxzq.com 新材料 新材料周报（250512-0516） 领先大市-B(维持) 华为折叠 PC 及苹果折叠手机推出在即，折叠设备材料有望高速发展 摘要 二级市场表现 市场与板块表现：本周新材料板块上涨。本周新材料板块上涨。新材料指 数涨幅为 0.57%，跑输创业板指 0.81%。近五个交易日，合成生物指数上涨 2.35%， 半导体材料下跌 3.52%，电子化学品下跌 3.58%，可降解塑料上 ...

诚志股份有限公司投资者关系活动记录表 3、问董秘:公司研发人员有多少，其中研究生、博士生所占 比例是多少？公司发展离不开高端人才，薪酬分配能不能向一线 人才倾斜，不要十多个高管就分走了总薪酬的三分之一，公司那 么多概念，谁便一项搞得好，都不是现在的业绩。 证券代码： 000990 证券简称：诚志股份 编号：2025-002 | 投资者关系活动 | □特定对象调研 □ 分析师会议 | | --- | --- | | 类别 | 媒体采访 业绩说明会 □ √ | | | 路演活动 □ 新闻发布会 □ | | | □ 现场参观 | | | □ 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2025 年 5 月 21 日 (周三) 下午 14:30~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、公司董事、总裁韦俊民 | | 员姓名 | 2、公司副总裁、董秘左皓 | | | 投资者提出的问题及公司回复情况 | | ...

Group 1 - The company, DaoShengTianHe, is preparing for an IPO on the Shanghai Stock Exchange, initially planning to raise 800 million yuan, later revised to approximately 694 million yuan for projects related to high-end adhesives and repayment of bank loans [4][5] - DaoShengTianHe has a high debt-to-asset ratio, reported at 58.13% in 2022, 52.52% in 2023, and projected at 52.89% in 2024, compared to an industry average of 41.08% in 2022 [5][10] - The company has a history of significant cash dividends, including 40 million yuan in 2020, 80 million yuan in 2021, and 30 million yuan in 2022, raising concerns about its financial management [4][5] Group 2 - DaoShengTianHe has experienced revenue fluctuations, with revenues of approximately 34.36 billion yuan in 2022, declining to about 32.02 billion yuan in 2023, and slightly increasing to 32.38 billion yuan in 2024 [8][12] - The company's net profit has also shown variability, with figures of 1.08 billion yuan in 2022, 1.52 billion yuan in 2023, and 1.55 billion yuan in 2024 [9][12] - The company has a high customer concentration, with the top five customers accounting for 71.94%, 68.44%, and 68.19% of total revenue in the respective years [12][13]

江苏斯迪克新材料科技股份有限公司投资者关系活动记录表 斯迪克上市于 2019 年 11 月，上市次年春天即遭遇外部经济衰退，但是斯 迪克顶住压力，克服各种困难，在上市后的五年中，完成了泗洪生产基地 的扩产、升级及产业链向上延申。2019 年 12 月 31 日，非流动资产合计 10 亿，2024 年 12 月 31 日，非流动资产已经增加到 51 亿，即过去五年，斯 迪克的长期资产投资增长到上市前的五倍。在前四年的大规模建设期中， 销售收入一直在 20 亿以内，没有出现大规模的增长。2024 年拐点初现， 销售收入实现了约 37%的增长。 投资者关系 活动类别 特定对象调研 参与单位名称 长信基金、海富通基金、华泰柏瑞基金、汇添富基金、中信保诚基金、兴 业证券、兴业银行、海通资管、沣沃私募基金。 （以上排名不分先后） 时间 2025 年 5 月 20 日 地点 上海 总接待次数 5 场 上市公司 接待人员姓名 董事、财务总监、董事会秘书（吴江） 投资者关系活 动主要内容介 绍 1、2024 年，销售收入按照各业务板块拆分的情况是怎样的？ 单位：万元 2024 年，光学显示、新能源和 PET 薄膜三个业务板块取 ...