新华财经上海5月9日电（记者潘清）中国新能源汽车市场发展迅猛，为新材料等相关行业提供机遇。科 创板上市公司上海海优威新材料股份有限公司（以下简称"海优威"）8日宣布，作为发力汽车调光天幕 产品领域的核心创新成果，"墨影瞬光"液晶调光膜已突破性实现规模化量产。 2021年登陆科创板的海优威，是以高分子材料配方、设备、工艺技术为核心的高新技术企业，目前业务 覆盖光伏、汽车、建筑、电子等多个领域。基于对智能汽车产业趋势的前瞻研判，海优威于2024年3月 正式成立汽车事业部，聚焦车规级液晶调光膜技术攻关与产业化应用。 依托独创PDCLC技术的"墨影瞬光"，成为海优威在汽车调光天幕产品领域的首个核心创新成果。不同 于常见的白色PDLC调光膜，"墨影瞬光"采用深色调设计，可有效提升车内私密性；利用液晶微结构的 散射和高分子基材的吸收特性，"墨影瞬光"具备99.99%全波段紫外线阻隔能力，并可隔离90%以上红外 线；"墨影瞬光"可实现5毫秒极速切换性能，相当于眨眼速度的1/40。 此外，"墨影瞬光"还是业内同类技术中率先研发成功的"彩色"液晶调光膜，可实现分区独立智能调控， 并支持多场景功能交互。 "新能源汽车市场的快速发 ...

Group 1: Company Overview and Strategic Projects - The company is investing a total of 3 billion CNY in the first phase of the new energy and polymer materials industrialization project, which aims to produce 300,000 tons of color masterbatch, 600,000 tons of ferrous sulfate, 100,000 tons of water treatment agents, and 800,000 tons of sulfuric acid annually [3] - The project is strategically located in resource-rich areas, leveraging local cost advantages to create a circular economy system, thereby reducing overall production costs [3] - The project is expected to be completed by June 2026, enhancing the company's market competitiveness and profitability [3] Group 2: Product Development and Capacity - The company has established an annual production capacity of 200 tons for EX electronic materials, which are used in high-frequency copper-clad laminates for various advanced applications [3] - The company plans to expand its production capacity of sodium-ion battery materials, with a current capacity of 1,000 tons and an expected increase to 5,500 tons by the end of the year [5] - The company’s color masterbatch production capacity is approximately 130,000 tons, with a total capacity of 90,000 tons for melamine [8] Group 3: Market Growth and Industry Trends - The global market for melamine is projected to grow from 4.222 billion CNY in 2023 to 7.479 billion CNY by 2029, with a compound annual growth rate (CAGR) of 9.90% [6] - The global color masterbatch market is expected to increase from 94.686 billion CNY in 2023 to 129.834 billion CNY by 2029, reflecting a CAGR of 5.21% [6] - The sodium-ion battery market is anticipated to grow from approximately 500 million USD in 2023 to 610 million USD in 2024, with a five-year CAGR of 21.42% [6] Group 4: Competitive Advantages - The company has a complete investment layout across the sodium-ion battery supply chain, including cathode materials, separators, and battery systems, which enhances its competitive edge [5] - The company serves over 4,000 customers globally, covering more than 40 countries and 20 provinces in China, indicating a strong market presence [7] - The company has multiple national invention patents and high-tech products, continuously increasing R&D efforts to meet diverse customer needs [7]

Core Viewpoint - The global polymer materials industry is experiencing a new wave of development driven by China's "dual carbon" strategy, increasing demand for material performance in high-end manufacturing, and characterized by technological breakthroughs, accelerated capacity expansion, and deepened international cooperation [1] Upstream Raw Materials: Technological Innovation Drives High-end and Green Development - Kuwait Petrochemical's strategic investment of $638 million in Wanhua Chemical aims to promote low-carbon circular transformation by optimizing production processes and exploring green technologies [2] - Luzhou Chemical's long-chain α-olefin project is set to reshape the high-end lubricants market through innovative technology [3] - Jiangsu Hongjing's approval for a 100,000 tons/year high-end polyolefin monomer project addresses key supply challenges and enhances China's self-sufficiency in high-end polyolefins [4] - Shandong Yulong Petrochemical's 600,000 tons/year ABS plant successfully commenced operations, marking a significant milestone in its integrated refining and chemical project [5] Midstream Manufacturing: Capacity Expansion and Process Upgrades - The establishment of a 300,000 tons/year fully biodegradable materials production base in Tongliao aims to combat "white pollution" [6][7] - Jiahu Energy plans to invest 1.25 billion yuan to build a 120,000 tons/year high-performance synthetic rubber facility, targeting the growing demand in the new energy sector [8] - Jinfa Technology reported a revenue of 32.1 billion yuan in 2024, a year-on-year increase of 18.95%, with a diversified business model [9][10] Downstream Applications: Cross-industry Integration and Environmental Solutions - BYD and Saudi Aramco's collaboration focuses on low-carbon fuels and charging infrastructure, aiming to reduce carbon emissions by 40% [11] - A breakthrough in microplastic degradation technology reduces the degradation period from 400 years to 3 years, with a projected market size of 8 billion yuan by 2030 [12] - Head Sports and Toray Industries launched a limited edition tennis racket made from bio-circular carbon fiber, promoting sustainable materials in sports [13] Domestic Substitution and Collaborative Innovation - The industrialization of PEEK materials is accelerating, with several companies making significant progress in production and application [14] - Zhilan New Materials secured funding to advance its electronic-grade epoxy resin technology, addressing key challenges in semiconductor material localization [15] - A collaboration between Sun Yat-sen University and Zhuhai Zhongguan focuses on the commercialization of CO2-based polycarbonate diol technology, with an expected annual output of 300,000 tons [16] Conclusion: Multi-dimensional Innovation Builds a New Industry Ecosystem - The April 2025 industry dynamics highlight three main themes: technological autonomy, green production, and global application, with leading companies increasing R&D investment to 8%-12% [17]

Investment Rating - The report maintains a "Cautious Recommendation" rating for the company [8] Core Views - The company achieved a revenue of 958 million yuan in 2024, representing a year-on-year growth of 71.53%. However, the net profit attributable to the parent company decreased by 32.12% to 17 million yuan. The non-recurring net profit increased by 63.81% to 13 million yuan [3] - In Q1 2025, the company reported a revenue of 252 million yuan, a year-on-year increase of 86.39%, and a net profit of 10 million yuan, up 839.66% year-on-year. The non-recurring net profit surged by 1371.38% to 8 million yuan [3] - The company's gross profit margins for 2024 and Q1 2025 were 20.94% and 17.69%, respectively, showing a decline of 4.5 percentage points and 7.54 percentage points year-on-year, primarily due to significant growth in new energy and other businesses, which led to a substantial increase in corresponding costs [3] Summary by Sections Business Performance - The high polymer materials business maintained steady growth, achieving a revenue of 493 million yuan in 2024, up 28.82% year-on-year. However, domestic communication business revenue declined due to shifts in capital expenditure towards digital transformation [4] - The company expanded its overseas market presence, which helped alleviate profit pressure despite domestic challenges. The power sector saw a revenue increase of 33.18% to 167 million yuan in 2024, supported by collaborations with major clients like Southern Power Grid and State Grid [4] - The automotive sealing strip business, primarily through Wuhu Xianglu, benefited from major clients such as Chery and Geely, resulting in a revenue growth of 62.17% in 2024 [4] Growth Drivers - The thermal management solutions segment showed robust development, with significant investments in fixed assets and supply chain optimization. The company plans to invest 90 million yuan in a new liquid cooling plate project to meet the demands of major clients like CATL [5] - The report anticipates that the company's polymer materials business in the communication and power sectors will maintain high gross margins, while the liquid cooling plate business is expected to see performance improvements starting in 2025 [5] Financial Forecast - The company is projected to achieve revenues of 1.14 billion yuan in 2025, 1.57 billion yuan in 2026, and 1.99 billion yuan in 2027, with corresponding net profits of 53 million yuan, 70 million yuan, and 92 million yuan [7] - The expected P/E ratios for 2025, 2026, and 2027 are 55x, 41x, and 32x, respectively, indicating a positive outlook for the company's financial performance [5][7]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603991 证券简称：至正股份 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (二)非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 ■ 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三)主要会计数据、财务指标发生变动的情况、原因 (一)主要会计数据和财务指标 单位：元 币种：人民币 ■ √适用 □不适 ...

Core Viewpoint - The company focuses on the photovoltaic sector, emphasizing the development and production of high-efficiency heterojunction (HJT) solar cells and components, while divesting from less efficient rubber and plastic businesses to enhance operational efficiency [4][5][6]. Company Overview - The company is dedicated to the research, production, and sales of high-efficiency HJT solar cells and components, aiming to provide sustainable energy solutions globally [4][5]. - The company has established production bases in Zaozhuang, Shandong, and Sixian, Anhui, since its transition to the photovoltaic sector in 2022 [5][6]. Business Operations - The main business includes technology research and development, production, sales, and operation of HJT solar cells, components, and related services [5][6]. - The company has achieved over 30 patents in the photovoltaic sector and received multiple certifications, including TUV and CE [6]. Product Information - The primary product is high-efficiency HJT solar cell components, which are designed for high power output [7]. - The company employs a comprehensive product system integration service, covering all aspects from R&D to sales [6]. Research and Development - The R&D model is market-oriented, focusing on cost reduction and efficiency improvement, with a dedicated center for solar cell and component technology [9]. - The company has established a clear R&D process that includes application research, technology development, and market application [9]. Procurement and Production - The procurement strategy is based on sales forecasts, with long-term agreements with suppliers to ensure material availability [10]. - The production model is "sales-driven," with production plans aligned with customer orders and market conditions [11]. Sales Strategy - The sales approach combines direct sales and distribution, targeting both domestic and international markets [12]. - The company emphasizes industry engagement and technical services to enhance its market presence [12]. Financial Overview - The company has not reported any need for retrospective adjustments or restatements of previous financial data [18]. - There are no significant discrepancies between the reported financial indicators and previously disclosed quarterly or semi-annual reports [18].

证券代码：603991 证券简称：至正股份 公告编号：2025-027 二、主要产品和原材料的价格变动情况 （二）主要原材料的价格变动情况（不含税） （一）主要产品的价格变动情况（不含税） 主要产品 2024 年 1-3 月平 均售价（元/吨） 2025 年 1-3 月平 均售价（元/吨） 同比变动 比例（%） 环比变动 比例（%） 光通信线缆、光缆用特种环 保聚烯烃高分子材料 9,978.01 6,185.45 -38.01 6.71 电气装备线用环保型聚烯 烃高分子材料 27,621.04 20,114.62 -27.18 120.35 电网系统电力电缆用特种 绝缘高分子材料 10,442.80 10,199.93 -2.33 2.22 | 主要原材料 | | 年 2024 | 1-3 | 月平 | 年 2025 | 月平均 1-3 | 同比变动 | 环比变动比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 均采购价（元/吨） | | | | 采购价（元/吨） | 比例（%） | 例（%） | | EVA | 树脂 | | ...

Core Viewpoint - Despite a significant revenue increase of 52.27% year-on-year to 365 million yuan in 2024, the company continues to face net losses, marking its sixth consecutive year of losses since 2019 [1][2] Revenue and Profitability - The revenue growth is primarily driven by double-digit increases in the cable polymer materials and semiconductor equipment segments, with the cable polymer materials contributing over 60% of total revenue [2] - The company reported a net loss attributable to shareholders of 30.53 million yuan, which is an improvement from a loss of 44.42 million yuan in 2023 [1][2] Cost Structure and Financial Health - The company is experiencing rising sales and management expenses due to increased market investments to maintain market share, alongside a significant rise in financial expenses due to expanded financing [3] - The traditional polymer materials business is facing low gross margins, while the semiconductor equipment business has not yet achieved sufficient scale to offset the profit gap from traditional operations [3] Market Position and Product Development - The company is struggling with a product structure that remains predominantly mid-to-low-end, limiting its penetration in high-end applications such as new energy and photovoltaics [3][4] - The company has emphasized its core product, environmentally friendly low-smoke halogen-free polyethylene cable polymer materials, which align with national industrial policies and are recognized by major cable manufacturers [3] Strategic Adjustments - In response to performance pressures, the company is working to reduce inefficient production capacity and shift resources towards high value-added products [4] - The company needs to find a new balance between enhancing product technology and controlling operational costs to break the cycle of increasing losses [4] Regulatory Issues - The company faced regulatory penalties in February for a past violation involving a guarantee of 16.70 million yuan related to a personal loan taken by a former controlling shareholder [5] - The company has been involved in frequent asset restructuring announcements, including a significant transaction to acquire 99.97% of Advanced Packaging Materials International Limited [6]

证券代码：603991 证券简称：至正股份 公告编号：2025-023 深圳至正高分子材料股份有限公司 2024年第四季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 深圳至正高分子材料股份有限公司（以下简称"公司"）根据上海证券交 易所《上海证券交易所上市公司自律监管指引第 3 号行业信息披露：第十三号 ——化工》要求，现将公司 2024 年第四季度化工类主要经营数据披露如下： 深圳至正高分子材料股份有限公司董事会 （二）主要原材料的价格变动情况（不含税） 一、主要产品的产量、销量及收入实现情况 主要产品 2024 年 10-12 月产量（吨） 2024 年 10-12 月销量（吨） 2024 年 10-12 月 营业收入（万 元） 光通信线缆、光缆用特种环保聚烯 烃高分子材料 3,216.61 3,304.24 1,915.39 电气装备线用环保型聚烯烃高分子 材料 1,179.23 1,612.05 1,471.55 电网系统电力电缆用特种绝缘高分 子材料 6,349.46 6,679.01 6,66 ...

长江商报消息 ●长江商报记者 沈右荣 中国中车旗下的新材料产业上市平台时代新材（600458.SH）签了大单。 4月3日晚，时代新材披露，今年前三个月，公司签订《叶片销售合同》，金额约为19.80亿元。 公司称，上述合同的履行，将对公司业绩产生积极影响。 根据此前披露的业绩快报，2024年，时代新材实现的营业收入200.55亿元，这是公司年度营业收入首次突破200亿 元关口。公司解释，风电叶片、汽车零部件等四大板块业务销售收入均创了历史新高。 2024年，时代新材实现的归属母公司股东的净利润（以下简称"归母净利润"）4.45亿元，同比增长逾15%。 长江商报记者发现，2022年以来，时代新材营收净利已经连续三年增长。 目前，时代新材正在推进定增募资事项。本次定增，公司募资不超过13亿元，用于产业布局及补充流动资金。 值得一提的是，本次定增，时代新材实际控制人下属企业中车金控将以现金不超过6.61亿元认购。 前三个月签19.8亿订单 时代新材宣布签下了不菲的合同，向市场释放利好。 根据公告，今年第一季度，时代新材与风电各大主机厂签订《叶片销售合同》，公司向买方销售叶片及相关服 务，合同金额总计约19.8 亿元（ ...