Summary of Key Points Core Viewpoint - Two new stocks will be available for subscription next week, including Guangxin Technology on June 17 and Xintong Electronics on June 20 [1][2]. Group 1: Guangxin Technology - Guangxin Technology, a leading domestic supplier of insulation materials, has an offering price of 10.00 CNY per share and a price-to-earnings ratio of 7.59 [2]. - The company specializes in insulation fiber materials and products used in various sectors, including power transmission, railways, renewable energy, and military equipment [2][3]. - Guangxin Technology has established long-term partnerships with major transformer companies, enhancing its market reputation [3]. - Financial projections indicate that Guangxin Technology's revenue will grow from 304 million CNY in 2022 to 578 million CNY in 2024, with net profits increasing from 14.72 million CNY to 116 million CNY over the same period [3]. Group 2: Xintong Electronics - Xintong Electronics is an industrial IoT smart terminal and system solution provider, with a public offering of 39 million shares [4]. - The company targets specific industries such as electricity and telecommunications, providing products like smart inspection systems and mobile smart terminals [4]. - Financial forecasts show that Xintong Electronics' revenue will rise from 782 million CNY in 2022 to 1.005 billion CNY in 2024, with net profits increasing from 117 million CNY to 143 million CNY [4].

Group 1 - Zhejiang Bofei Electric Co., Ltd. plans to invest 263 million yuan to establish a new project with an annual production capacity of 70,000 tons of motor insulation materials [1] - The project includes the production of various materials such as 5,000 tons/year of polyimide (PI), 10,000 tons/year of polyamide-imide (PAI), and 15,000 tons/year of polyester-imide (PEI) [1] - The company is also constructing a technical renovation project with an investment of 55.0187 million yuan, which will add an annual capacity of 20,000 tons of functional polymer new materials [1] Group 2 - Bofei Electric is a national high-tech enterprise specializing in high-performance insulation materials, with a leading position in the manufacturing of special insulation materials [2] - The company has an existing annual production capacity of 35,000 tons for insulation materials used in rail transit and new energy electrical applications [2] - Bofei Electric is a core supplier of insulation materials for China CRRC, primarily serving the high-speed rail and wind power generation industries [2]

报告发布方：中金企信国际咨询 项目可行性报告&商业计划书专业权威编制服务机构（符合发改委印发项目可行性研究报告编制要求）-中金企信国际咨询：集13年项目编制服务经验为各 类项目立项、投融资、商业合作、贷款、批地、并购&合作、投资决策、产业规划、境外投资、战略规划、风险评估等提供项目可行性报告&商业计划书编 制、设计、规划、咨询等一站式解决方案。助力项目实施落地、提升项目单位申报项目的通过效率。 （1）绝缘材料行业基本概述：近年来，绝缘材料的创新应用逐渐成为我国推行可持续能源方案的关键动力之一，国家对绝缘材料的发展也日益重视。随着 电力、电器、电子、通讯和家电等行业的快速发展，我国绝缘材料产品的产销量及市场规模持续增长。根据中金企信数据显示，2018年我国绝缘材料市场规 模为654.90亿元，到2022年我国绝缘材料市场规模增长至733.6亿元，增幅达12.02%。 从绝缘材料行业发展看，美国、欧洲等国家和地区发展较早，绝缘材料产品技术处于世界领先水平。目前，全球绝缘材料行业中的大型企业主要集中在美 国、瑞士、瑞典等国家，占据了国际市场的绝大部分份额。 我国绝缘材料行业发展相对较晚，经过多年发展，已经初步形成一 ...

Industry Overview - The insulation materials are defined as materials that do not conduct electricity under permissible voltage but can conduct under certain electric field strengths. Their primary function is to isolate charged conductors in electrical equipment, allowing current to flow along specific paths while providing mechanical support and protection [1][11]. - Insulation materials are categorized into solid, liquid, and gas types, with solid materials further divided into organic and inorganic categories [2][3]. Industry Chain Analysis - The insulation materials industry chain consists of upstream raw materials (e.g., phenol, formaldehyde, epoxy resin), midstream production (solid, liquid, and gas insulation materials), and downstream applications in sectors like electrical infrastructure, new energy vehicles, and aerospace [5][8]. Industry Development History - The insulation materials industry in China has evolved through four stages: initial development, technology introduction, technology innovation, and the current phase of industrial upgrading driven by new energy [11][12]. Policy Background - Recent policies from various government departments aim to promote the development of high-efficiency and environmentally friendly insulation materials, supporting the industry's high-quality growth [14]. Current Industry Status - The number of bidding projects in the insulation materials sector has shown a fluctuating growth trend, peaking at 612 projects in 2023 [15]. - The financing activity in the insulation materials industry has increased, with a peak financing amount of 2.025 billion yuan in 2022 [15]. - The market size of the insulation materials industry in China grew from 86.4 billion yuan in 2018 to 120.6 billion yuan in 2023, with a compound annual growth rate of 6.9% [19]. Competitive Landscape - The insulation materials industry is concentrated in economically developed eastern coastal regions, particularly Guangdong and Jiangsu provinces [20]. - Major companies in the insulation materials sector include Shandong Glass Fiber, Dongcai Technology, and Yuxing Co., with revenues exceeding 1.8 billion yuan for Shandong Glass Fiber in 2023 [24]. Future Development Trends - The market size of insulation materials is expected to exceed 200 billion yuan by 2030, with a compound annual growth rate of 7.8% from 2025 to 2030 [26]. - The industry is trending towards high-end and environmentally friendly products, with a focus on enhancing product performance and providing comprehensive insulation system solutions [28].

证券代码：831526 证券简称：凯华材料 公告编号：2025-029 天津凯华绝缘材料股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 04 月 29 日 活动地点：中证网"中证路演中心"（https://www.cs.com.cn/roadshow/） 参会单位及人员：通过网络方式参加公司 2024 年年度报告业绩说明会的投 资者。 本次业绩说明会通过年报视频解读对公司情况及 2024 年度经营业绩情况进 行了介绍。同时，公司在年度报告业绩说明会上就投资者关注的问题进行了沟通 与交流。主要问题及回复如下： 问题 1：公司 2024 年净利润同比增长 43.36%，这一增长的原因是什么？ 回复：您好，公司净利润增长主要得益于公司在 2024 年收到计入营业外收 入的政府补助 890 万元，这增 ...

涂界记者4月19日获悉，证监会江苏证监局于近日公布了 《光大证券股份有限公司关于苏州巨峰电气绝缘系统股份有限公司首次公开发行股票并上市辅导 工作进展情况报告（第一期）》。根据报告， 2024年12月2日，巨峰股份与光大证券签订创业板上市辅导协议，公司提交的辅导备案材料于2024年12月18 日完成辅导备案。 根据报告，目前仍存在的主要问题及解决方案：1、辅导期内，辅导小组结合公司目前经营状况和未来发展目标，与公司针对未来募集资金投资项目的必 要性、可行性进行了前期的讨论。下一步将针对募集资金投资项目立项、可行性研究有做详细定划和推进。2、辅导期内，辅导小组持续规注实际控制人 债务偿还情况。目前，实际控制人正积极偿还个人债务，债务偿还工作进展顺利。下一步，辅导小组其他证券服务机构将继续跟进个人债务偿还事项。 公开资料显示，巨峰股份成立于2002年，主要从事绝缘树脂（漆）、云母制品、防晕材料、DDP点胶材料、柔软复合材料、电磁线、电机线圈、电机绝缘 系统、绝缘结构件等产品的研发、生产与销售。公司是国内绝缘材料品种配套较为齐全的供应商之一，产品广泛应用于发电机、电动机、变压器等机电设 备的绝缘处理。2023年实现营 ...