天洋新材（603330）12月22日晚间公告，公司于当日召开第五届董事会第二次会议，审议通过了《关于 公司光伏封装胶膜项目相关子公司停产的议案》。 天洋新材表示，剩余募集资金，除部分用于永久补充流动资金，其余部分将按照《募集资金管理制度》 在募集资金专户集中进行依规管理。公司将根据市场情况，将剩余募集资金择机投入新项目，并将根据 规定履行审议程序。 谈及上述事项对公司的影响，天洋新材表示，公司在生产运营光伏封装胶膜项目期间，光伏封装胶膜项 目所产生的收入占公司总营收的比例为2024年度的48%、2025年度的30%(未经审计)以下，2024年度， 光伏封装胶膜项目产生的净利润约为-2.4亿元，根据合理判断，光伏封装胶膜项目停产后对公司净利润 负面影响将大幅下降，公司盈利能力也将得到相应改善。 公告显示，截至目前，天洋新材已建立的光伏封装胶膜项目共4个，其中，昆山天洋光伏材料有限公司 新建年产1.5亿平方米光伏膜项目由昆山天洋光伏作为实施主体，南通天洋光伏材料科技有限公司太阳 能封装胶膜项目由南通天洋光伏作为实施主体，海安天洋新材料科技有限公司新建年产1.5亿平方米光 伏膜项目由海安天洋新材料作为实施主体，光伏 ...

南财智讯12月22日电，天洋新材公告，因光伏组件价格持续低位，组件厂开工意愿不足，导致光伏封装 胶膜行业需求不足，叠加市场竞争加剧，公司光伏胶膜业务持续亏损，经营承压。经审慎评估，公司决 定停止实施光伏封装胶膜项目，涉及控股子公司昆山天洋光伏、南通天洋光伏、海安天洋新材料及非募 投主体昆山天洋。停产自2025年12月董事会审议通过后实施。2024年度，光伏封装胶膜业务占公司营收 约48%，净利润亏损约2.4亿元，停产后将大幅减少对公司净利润的负面影响，提升盈利能力。公司热 熔胶、电子胶等其他业务板块营收占比52%，经营稳定，具备持续经营能力。后续公司将推进厂房和设 备的优化利用，并对剩余募集资金依规管理，择机投入新项目。 ...

Core Viewpoint - Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd. is set to launch its IPO with a price of 6.85 yuan per share and a P/E ratio of 16.19, aiming to raise 1.865 billion yuan by issuing up to 287 million shares, marking its entry into the capital market [2][6]. Group 1: Company Overview - Shuangxin Environmental Protection specializes in the full industrial chain of polyvinyl alcohol (PVA), including R&D, production, and sales of PVA and its derivatives [4]. - The company is recognized as the third-largest PVA producer in China and is one of the three major production bases for PVA in the country [4]. - Shuangxin's products are widely used across various industries, including fine chemicals, green construction, and pharmaceuticals, and are supported by national policies promoting new materials [4]. Group 2: Production Capacity and Market Position - In 2024, Shuangxin is projected to produce 116,900 tons of PVA, accounting for approximately 13% of the domestic total output [5]. - The company will have an acetylene production capacity of 870,000 tons in 2024, ranking 8th nationally, with a market share of 2.06% [5]. - Shuangxin's products are distributed across 29 provinces in China and exported to over 40 countries and regions, including Europe and Southeast Asia [5]. Group 3: Financial Performance - Shuangxin's revenue exceeded 3 billion yuan and net profit surpassed 500 million yuan for the years 2022 to 2024 [6]. - The company reported revenues of 5.061 billion yuan, 3.783 billion yuan, and 3.486 billion yuan for the years 2022, 2023, and 2024, respectively, with net profits of 807 million yuan, 557 million yuan, and 520 million yuan for the same years [6]. - The funds raised from the IPO will be allocated to various projects, including the production of PVB resin and functional films, water-based adhesives, and energy-saving technology upgrades [6].

12月17日晚间，回天新材（300041）（300041.SZ）发布公告称，为抢抓锂电池行业增长机遇与国产替 代窗口期，进一步巩固公司在锂电关键辅材领域的市场地位，公司控股子公司安庆华兰科技有限公司 （下称"安庆华兰"）拟以自筹资金9768万元，投资建设5万吨/年锂电负极用水性丁苯乳液粘合剂 （SBR）项目。 项目落地安庆高新区 24个月后产能将增6倍 根据公告披露，该项目选址于安徽省安庆高新技术产业开发区安庆华兰现有厂区预留空地，将新建生产 车间、仓库及配套公辅设施，核心建设5万吨/年锂电负极胶丁苯胶乳生产线，建设周期约24个月。项目 总投资全部为固定资产投资，资金来源为安庆华兰自筹。 值得注意的是，回天新材目前已具备锂电负极胶SBR系列产品的研发与生产能力，技术指标达到国际水 平，现有产能约8000吨/年，且已成功切入多家头部电池企业供应链。此次扩产完成后，公司锂电负极 胶SBR总产能将跃升至5.8万吨/年，较现有规模增长6.25倍，大幅提升对下游客户的需求响应能力。 契合"新能源+国产替代"战略 优化产品产能布局 当前，全球能源结构加速转型带动锂电池产业持续高速发展，负极粘结剂作为电池制造的关键辅材，市 ...

12月17日晚间，回天新材(300041)发布公告，基于锂电池行业快速增长的市场需求，为紧抓国产替代机 遇，进一步提升在锂电负极胶粘剂领域的市场份额与核心竞争力，公司控股子公司安庆华兰拟以自筹资 金约9768万元投资新建锂电负极用丁苯乳液粘合剂项目，增加锂电负极用丁苯乳液粘合剂（SBR）产能 约50000吨/年。 公告显示，该项目地址位于安徽省安庆高新技术产业开发区华兰科技有限公司现有厂区预留空地内。建 设内容包括新建生产车间、仓库及配套公辅设施，新增50000吨/年锂电负极胶丁苯胶乳生产线。建设周 期约24个月。投资估算固定资产投资约9768万元，资金来源为安庆华兰自筹资金。 对于投资该项目的目的，回天新材表示，全球能源结构加速转型带动锂电池产业持续高速发展，负极粘 结剂作为关键辅材，市场需求旺盛。丁苯胶乳因其优异的性能成为主流负极粘结剂，目前国产化率低， 进口替代空间广阔。公司已具备多系列SBR产品研发与生产能力，技术指标达到国际水平，并已进入多 家头部电池企业供应链，现有产能约8000吨/年。基于未来市场趋势及产能需求预测，公司决策建设该 项目，以保障未来对客户需求响应与市场拓展，进一步提升公司锂电负极 ...

Core Viewpoint - The company, Qitian New Materials, is investing approximately 97.68 million yuan to establish a new project for the production of styrene-butadiene latex binders for lithium battery anodes, aiming to increase its market share and core competitiveness in the rapidly growing lithium battery industry [1] Group 1: Company Strategy - The investment will enhance the production capacity of styrene-butadiene latex binders by approximately 50,000 tons per year [1] - The project aligns with the company's development strategy and the trends in the adhesive industry, optimizing product structure and capacity layout [1] - The company currently has an existing production capacity of about 8,000 tons per year and has entered the supply chains of several leading battery manufacturers [1] Group 2: Industry Context - The lithium battery industry is experiencing rapid growth due to the accelerated transformation of the global energy structure, leading to strong demand for key materials like anode binders [1] - Styrene-butadiene latex is becoming a mainstream anode binder due to its excellent performance, with significant potential for domestic substitution as the current domestic production rate is low [1] - The project is expected to strengthen the company's market position and support its high-quality development in the adhesive sector [1]

本次项目建设符合我国胶粘剂行业发展趋势和公司发展战略，有利于进一步优化公司产品结构及产能布 局，巩固公司行业地位，助力公司高质量发展。 全球能源结构加速转型带动锂电池产业持续高速发展，负极粘结剂作为关键辅材，市场需求旺盛。丁苯 胶乳因其优异的性能成为主流负极粘结剂，目前国产化率低，进口替代空间广阔。公司已具备多系列 SBR产品研发与生产能力，技术指标达到国际水平，并已进入多家头部电池企业供应链，现有产能约 8,000吨/年。基于未来市场趋势及产能需求预测，公司决策建设该项目，以保障未来对客户需求响应与 市场拓展，进一步提升公司锂电负极胶粘剂的市场占有率及竞争优势。 回天新材（300041）(300041.SZ)发布公告，基于锂电池行业快速增长的市场需求，为紧抓国产替代机 遇，进一步提升在锂电负极胶粘剂领域的市场份额与核心竞争力，公司控股子公司安庆华兰科技有限公 司(简称"安庆华兰")拟以自筹资金约9768万元投资新建锂电负极用丁苯乳液粘合剂项目，增加锂电负极 用丁苯乳液粘合剂(SBR)产能约50,000吨/年。 ...

格隆汇12月17日丨高盟新材(300200.SZ)在互动平台表示，公司有胶粘剂产品已经应用到航空航天领 域，全资子公司清远贝特生产的无溶剂有机硅浸渍绝缘树脂也已应用到核电领域，并且都已经有实际供 货订单，但目前占公司整体营业收入的比重很小。 ...

（文章来源：证券日报） 证券日报网讯 12月10日，硅宝科技在互动平台回答投资者提问时表示，合成胶粘剂及其胶接技术不仅 是提升航天器性能的核心要素，也是当前国产化的重点突破领域，被广泛应用于航天器的多个部位。公 司建立了健全的胶粘剂相关技术体系，配备了国内一流的研发设备、检验仪器，深入开展以有机硅材料 为主、其他新型材料为辅的产品开发和应用工作，技术涵盖有机硅密封胶、聚氨酯密封胶、硅烷改性聚 醚（MS）、热熔胶、环氧胶、丙烯酸胶等多种体系，将根据市场和客户需求，积极布局、技术创新， 寻找新的产品应用点。 ...

Core Viewpoint - The company has decided to terminate the acquisition of at least 51% of Beiyi Semiconductor Technology (Guangdong) Co., Ltd., reflecting a cautious approach in capital operations amid financial pressures and risks [1][3]. Group 1: Transaction Background - Kangda New Materials, a leader in adhesive and specialty resin materials in China, has pursued business expansion through acquisitions since 2017, acquiring companies like Biko Technology and Crystal Material Technology [2]. - Despite multiple acquisitions, the company has not achieved sustained profit growth, with net profit declining from 48 million yuan in 2022 to a loss of 246 million yuan in 2024, largely due to a significant goodwill impairment of 155 million yuan in 2024 [2]. - Beiyi Semiconductor focuses on power semiconductor module development and production, with a valuation of approximately 2.5 billion yuan based on its B+ round financing in May 2024 [2]. Group 2: Reasons for Termination - The acquisition was terminated due to insufficient progress in due diligence and audit work, as well as a lack of consensus among the parties involved [3]. - Financial pressure and cash flow concerns were significant factors, as the company faced a loss of 246 million yuan in 2024 and had not fully alleviated prior financial burdens [3]. - Discrepancies in the target's qualifications and valuation were noted, with potential issues regarding revenue and profit data, as well as concerns over the sustainability of new product profitability [3]. - Differences in transaction terms and valuation expectations between the shareholders of Beiyi Semiconductor and Kangda New Materials further complicated the acquisition [3]. Group 3: Industry Implications - The case of Kangda New Materials highlights a shift in the A-share merger and acquisition market, where companies are increasingly focusing on the profitability and synergy of acquisition targets rather than mere scale expansion [4]. - The termination of the acquisition serves as a prudent choice to avoid risks and reflects on past challenges such as goodwill impairment and asset sales [4]. - Moving forward, the company may prioritize its core adhesive business and semiconductor materials sector, aiming for growth through technological upgrades rather than capital operations [4].