Core Viewpoint - In 2024, Huayi Family Co., Ltd. achieved a revenue of 353 million yuan, a year-on-year increase of 118.47%, but experienced a significant net profit decline of 159.37% [2][6]. Revenue and Profit Analysis - The company's revenue for 2024 was 353 million yuan, reflecting a growth of 118.47% compared to the previous year [2][3]. - The net profit for 2024 was -34.42 million yuan, a decrease of 159.37% year-on-year [6][7]. - The real estate sector generated 336 million yuan in revenue, up 129.43%, but the gross profit margin decreased by 19.23 percentage points [6][7]. Graphene Business Performance - Revenue from the graphene business was only 17,260 yuan in 2024, down 72.42% from 2023 [3][4]. - The companies under Huayi Family, Ningbo Moxi and Chongqing Moxi, have been operating at a loss since 2017, with cumulative losses reported [5][6]. - The lack of effective market application and ongoing losses have hindered the growth of the graphene business [4][5]. Real Estate Strategy - The company is refocusing on its real estate business due to challenges in new business sectors [2][6]. - As of December 31, 2024, the land reserve was only 65,000 square meters, indicating difficulties in acquiring quality land [7][8]. - The company plans to maintain a stable investment strategy and increase quality project reserves in 2025 [8]. Future Outlook - The company aims to optimize its asset structure and seek new development opportunities in line with domestic economic trends [8]. - The real estate development projects for 2025 include ongoing work in Shanghai, Suzhou, and Zunyi, with a focus on sales and project delivery [8].

Core Insights - The article discusses the rapid development and strategic importance of the graphene industry in China, highlighting government policies and future goals for the sector [1][4][13]. Policy Overview - Since 2012, multiple government departments have issued policies to support the development of the graphene industry, focusing on production scale, industry standards, and technological innovation [4][6]. - The "14th Five-Year Plan" emphasizes the need for independent development of new materials, including graphene, aiming for significant industry growth from 2021 to 2025 [1][10]. Future Goals - By 2025, the production of high-quality graphene powder is expected to reach over 10,000 tons annually, with graphene film production exceeding 100 million square meters [13][15]. - The overall industry scale is projected to surpass 100 billion yuan, with significant advancements in electronic applications, including the mass production of 8-inch graphene chips [13][15]. Local Government Initiatives - Various provinces have set specific targets for graphene industry development, such as Chongqing aiming for a 50 billion yuan industry scale by 2021 and Ningbo targeting a competitive graphene industry cluster by 2023 [16][17]. - Local policies focus on enhancing innovation, production capabilities, and establishing industry standards to support the growth of the graphene sector [17][18].

Group 1: Company Performance - The company reported a total revenue of 1.73 billion yuan in 2024, a year-on-year decline of 21% [4] - The net profit attributable to shareholders was a loss of 84.85 million yuan, representing a 381.85% decrease compared to the previous year [4] - The gross profit margin decreased by 2% due to insufficient capacity utilization and fixed operating costs not being effectively distributed [4] Group 2: Sales and Marketing Expenses - Sales expenses for the year were 173.1 million yuan, down 16.75% year-on-year, with sales expenses accounting for 11.35% of operating revenue, an increase of 0.59 percentage points [3] - The company has historically sponsored various sports events to enhance brand recognition and maintain market share [3] Group 3: Industry and Market Conditions - The overall market for flooring and custom home furnishings is characterized by low temperature, slow growth, low profit margins, and high operational costs [3] - The company is exploring the commercialization of graphene technology, which is still in its early stages in China, with limited industrial application [6][7] Group 4: Future Growth Strategies - The company aims to enhance market sensitivity and analyze product innovation directions and consumer demand trends to identify new growth opportunities [5] - It plans to leverage government policies to accelerate the update of green and smart products and explore potential market spaces in the new energy and new materials sectors [5][6]

Industry Overview - Graphene is a two-dimensional carbon nanomaterial with a hexagonal lattice structure, known for its excellent thermal conductivity, optical properties, and stability, applicable in various fields such as physics, materials, and electronics [1][3] - The graphene industry chain consists of upstream graphite resources and production equipment, midstream graphene film and powder manufacturing, and downstream applications in new energy, coatings, health, environmental protection, chemical new materials, and electronic information [3][4] Industry Development History - The theoretical research on graphene began in 1947, but the first independent two-dimensional graphene crystal was obtained in 2004, marking the material's emergence [7] - Since 2013, graphene has been included in China's "12th Five-Year" and "13th Five-Year" plans, promoting the establishment of numerous graphene companies and transitioning to mass production [7] Policy Background - China's support for the graphene industry began in 2012 with the release of the "12th Five-Year" development plan, emphasizing the importance of graphene in the new material sector [10][12] - The "14th Five-Year" plan highlights the strategic position of graphene in manufacturing, encouraging its application in various fields such as electrochemical energy storage and flexible electronics [10][12] Current Industry Status - As of 2023, China's graphene powder production capacity reached 20,000 tons per year, while graphene film production capacity reached 2.4 million square meters per year [14][16] - The market size of the graphene industry grew from 140 billion yuan in 2020 to 400 billion yuan in 2023, reflecting a year-on-year increase of 19.4% [16] Competitive Landscape - The industry features a competitive landscape where foreign companies lead in technology while domestic companies excel in manufacturing [18] - The first tier of leading companies includes Bettery, Fangda Carbon, and Carbon Yuan Technology, which have established comprehensive production lines and significant market shares [18] Business Comparison - In 2023, Fangda Carbon generated approximately 470.74 million yuan in graphene revenue, accounting for 91.89% of its total business, while Dimensional Carbon's graphene revenue was 14.74 million yuan, representing 100% of its business [21] - Bettery's graphene business is focused on lithium-ion battery materials, contributing to its overall product line [21] Regional Distribution - The rapid development of the graphene industry in China has led to the emergence of several large-scale companies, particularly in the East China region, including Guangdong, Shandong, Jiangsu, and Zhejiang [22] Future Development Trends - The advancement in graphene preparation and application technologies is expected to expand its use in various downstream products, including therapeutic clothing, second-generation graphene phones, and energy storage devices [25] - The ongoing research and industrialization of graphene are anticipated to continue growing, with applications in lithium-ion batteries, lithium-sulfur batteries, and supercapacitors [25]

3月28日，在访甬企业家考察团走进中心考察间隙，国家石墨烯创新中心主任、中国科学院宁波材料所 研究员刘兆平接受了上海证券报记者专访。刘兆平表示，石墨烯或将成为开发量子芯片的关键材料，有 望推动生产力实现质的飞跃。2025年，中心将持续强化关键共性技术攻关，推进石墨烯未来产业先导区 建设，加速推动这一"新材料之王"在未来产业上的创新应用。 有望成为重要的新质生产力引擎 上海证券报：您如何看待石墨烯在新材料中的地位？未来还有哪些应用前景？ 兼具超强导电性、超高强度和原子级厚度的石墨烯被誉为"新材料之王"。作为我国在石墨烯领域重点布 局的国家级创新平台，位于浙江宁波的国家石墨烯创新中心（下称"中心"）自2022年获批组建以来，在 石墨烯产业关键共性技术攻关与产业化应用上取得了一系列突破。 在技术创新方面，中心新申请专利近200项，其中发明专利110余项。开展石墨烯技术标准研制26项，发 布技术标准15项，形成技术成果19项。通过技术入股等方式孵化了10家新企业。 同时，关键共性技术取得一系列突破。根据建设方案制定的石墨烯产业技术路线图，有序推进关键共性 技术攻关，在石墨烯材料规模化制备技术及其在超级铜、高比能电池、 ...

Group 1 - The investment heat in the graphene industry has declined, with the number of financing events dropping from 20 in 2023 to 6 in 2024 [1][2] - The graphene industry is in a rapid development phase, with most financing events occurring in the angel and A rounds, particularly in the angel round with 19 events [2][12] - Financing in the graphene industry is primarily focused on material research and production, with a significant number of events occurring in this area from 2016 to 2024 [5][6] Group 2 - The main investment entities in the graphene industry are primarily investment firms, with notable representatives including Guoke Investment and Zhongguancun Venture Capital [12] - Mergers and acquisitions in the graphene industry are mainly characterized by vertical integration, enhancing the competitiveness and sustainability of companies [14][15] - Key merger and acquisition events include the acquisition of Zhaluteqi graphite mining company by Del Future and the acquisition of 68% of New Energy Technology by Two-Dimensional Carbon [15][14]

Core Insights - China is one of the most active countries in graphene research and application development, with the graphene market expected to reach approximately 41.1 billion yuan by 2024 [1] - The development of graphene new materials in the electric power energy sector has made significant breakthroughs, particularly in room-temperature high-conductivity composite materials [1][4] - The global graphene market is expanding, with over 23,000 tons produced annually and more than 250 companies commercializing graphene materials [3] Industry Development - The graphene industry is entering a rapid development phase, with a projected annual compound growth rate of 30% to 45% from 2023 to 2028 [3] - China has a leading position in graphene research and patent applications, accounting for about three-quarters of the global total [3] - The country is focusing on building a collaborative innovation ecosystem across the entire industry chain [1][6] Technological Advancements - Significant progress has been made in the development of high-conductivity graphene copper composite materials, achieving a conductivity rate of 109.6% IACS [4] - The use of chemical vapor deposition (CVD) technology allows for controlled production of graphene-copper composites, enhancing their conductivity [4][5] - The integration of graphene new materials with emerging industries is creating new application scenarios, such as drones for photovoltaic and wind power inspections [5] Collaborative Innovation - Experts emphasize the need for collaboration among raw material suppliers, graphene producers, and application companies to enhance industry efficiency and competitiveness [6][7] - The establishment of industry alliances and cooperative research projects is crucial for seamless integration across the industry chain [6] - A collaborative approach has been demonstrated by companies like Zhengtai Group, which works with various partners to develop and validate new materials [7]