"最初规划能用二三十年的40亩厂区已饱和，公司正拟建设新的生产基地，重点布局大尺寸纳米厚度铌 酸锂薄膜复合材料。"证券时报"从资本市场看地方高质量发展"调研组近日在山东调研期间，胡文接受 证券时报记者采访时说。 晶正电子正在专业机构的指导下提升规范化管理水平，创造条件登陆资本市场。 一踏进济南晶正电子科技有限公司（以下简称"晶正电子"）展厅，公司创始人、总裁胡文就瞬间切换 至"讲解模式"——公司的设立背景、产线加码的战略考量以及研发突破背后的趣闻轶事，他都如数家 珍，思路清晰又饱含深情。 晶正电子接待室里的一幅"守拙"的书法作品，既是胡文的人生信条，也是公司15年来深耕铌酸锂薄膜材 料的坚守。 "真的做出来了"！填补铌酸锂薄膜行业空白 作为济南首批"5150"（5年引进150个高层次创新创业人才）人才之一，胡文回国创业时选择落地济南， 将"铌酸锂薄膜芯片材料"作为研发方向。原因在于这里集聚了山东大学晶体材料研究所、中国建材人工 晶体研究院、天岳先进等晶体材料头部产学研机构。更重要的是，济南具有充足的人才储备，52 所本 科院校每年培育的16万名毕业生中的近半数留在山东，人力成本较为经济。 如果说当地科研资源、 ...

晶正电子正在专业机构的指导下提升规范化管理水平，创造条件登陆资本市场。 一踏进济南晶正电子科技有限公司（以下简称"晶正电子"）展厅，公司创始人、总裁胡文就瞬间切换至"讲解模式"——公司的设立背景、产 线加码的战略考量以及研发突破背后的趣闻轶事，他都如数家珍，思路清晰又饱含深情。 "最初规划能用二三十年的40亩厂区已饱和，公司正拟建设新的生产基地，重点布局大尺寸纳米厚度铌酸锂薄膜复合材料。"证券时报"从资 本市场看地方高质量发展"调研组近日在山东调研期间，胡文接受证券时报记者采访时说。 晶正电子接待室里的一幅"守拙"的书法作品，既是胡文的人生信条，也是公司15年来深耕铌酸锂薄膜材料的坚守。 "真的做出来了"！填补铌酸锂薄膜行业空白 作为济南首批"5150"（5年引进150个高层次创新创业人才）人才之一，胡文回国创业时选择落地济南，将"铌酸锂薄膜芯片材料"作为研发 方向。原因在于这里集聚了山东大学晶体材料研究所、中国建材人工晶体研究院、天岳先进等晶体材料头部产学研机构。更重要的是，济南 具有充足的人才储备，52 所本科院校每年培育的16万名毕业生中的近半数留在山东，人力成本较为经济。 如果说当地科研资源、人才红利 ...

预计到 2026 年，HOP4 将成为太阳能材料的主流，并且到 2027 年可能会发 展为高阶材料，逐步替换现有的大规模应用材料，并向更高端的方向升级。这 一趋势在未来几年内不会改变。 Q 布和 hvlp4 是 2027 年的 AI 主流材料 20151223 摘要 AI 算力需求推动上游材料增长，PCB 环节正交背板应用带来显著增量， Q 布因加工难度低于 PTFE，在部分设计中应用确定性更高，且使用层数 可能更多。 Q 布供给方面，菲利华等企业已具备较高确定性，菲利华 12 月指引显 示 Q 布发货量已达每月 30-33 万米，旭化成等国内企业也有较大打样需 求。 Q 布将在 2027 年迎来大规模推广，预计市场空间可达四五千万米，龙 头企业若占据 40%市场份额，按每米 250 元价格计算，利润体量可达 几十亿元。 HOP 4 将在 2027 年逐渐成熟，并在马 8 及马 9 等材料上全面替换，不 仅适用于英伟达链条，也包括谷歌 V7 到 V8 系列，以及台光方案的大面 积推广。 预计到 2026 年，HOP4 将成为太阳能材料的主流，到 2027 年可能发 展为高阶材料，逐步替换现有大规模应用材料，并 ...

Summary of Foster's Conference Call Company Overview - Foster has a healthy balance sheet with a debt-to-asset ratio below 20% and no bank debt, holding approximately 8 billion yuan in cash reserves to support business development and return value to investors. The cash dividend ratio exceeded 50% last year, with over 600 million yuan distributed, and this trend will continue this year [2][5]. Industry Insights - The price of EVA films is expected to rebound by 2026, with Foster maintaining low inventory levels of about one month. The proportion of white EVA films is decreasing, with EVA and POE films each accounting for nearly half of the production [2][7]. - The photovoltaic new materials sector is anticipated to remain stable, with overseas markets maintaining high demand, potentially increasing market share. Electronic materials are expected to grow by over 30%, and the aluminum-plastic film business is also projected to grow by over 30%, driven by solid-state battery applications [2][11]. Business Performance - In the photovoltaic sector, Foster's film production is clearing quickly, with a stable market share. The overseas market, particularly in Thailand and Vietnam, accounts for about 20% of sales. A market reversal is expected in the second half of 2026 [3]. - The electronic materials segment is experiencing explosive demand, especially in high-end electronic materials for servers, leading to significant sales growth [3]. - The aluminum-plastic film business is rapidly developing, with current production capacity at 30 million square meters, expanding to 50 million square meters, and expected to achieve profitability next year [4][23]. Future Projections - The company anticipates a steady increase in shipments in the photovoltaic new materials sector in 2026, with uncertainties in the domestic market but high expectations for overseas markets. The growth in electronic materials and aluminum-plastic films is expected to contribute significantly to overall business growth [11]. - The solid-state battery market is projected to drive demand for aluminum-plastic films due to their lightweight and extensibility advantages [3][11]. Production and Expansion Plans - Foster's overseas production capacity is nearly fully utilized, with production and sales doubling, primarily serving clients in India and the Middle East. The company is evaluating plans for a factory in the U.S. to adapt to policy changes [16]. - A domestic project worth 250 million yuan has been delayed until the end of next year, with strategic adjustments based on market demand [16]. Product Development and Innovations - Foster is advancing in the sensitive area of photonic films for space applications, showcasing the company's ability to innovate by combining materials from different fields [9]. - The company is also focusing on high-end electronic materials, with a significant push into advanced substrate applications, particularly in the automotive and server sectors [18]. Financial Health and Risk Management - The company maintains a strong financial position with a low risk of impairment due to increasing overseas sales, which are less likely to default [24]. - The average price of dry films is around 5 yuan, with high-end products reaching up to 30 yuan, and the overall gross margin is currently at 24% [20]. Conclusion - Foster is well-positioned for growth in the photovoltaic, electronic materials, and aluminum-plastic film sectors, with a strong financial foundation and strategic plans for expansion and innovation. The company is expected to continue delivering value to investors while navigating market challenges and opportunities.

随着英伟达Rubin平台等新一代AI算力架构量产临近，PCB产业链迎来材料升级与架构创新双重变革，Rubin架构的 Midplane和Rubin Ultra架构的正交背板已确定采用M9树脂+Q布（电子布）的解决方案，标志着Q布正式成为AI服务 器核心材料。 电子布供需缺口巨大，赛道红利持续释放 电子布市场需求呈爆发式增长。最新产业数据显示，2026年全球Q布需求将突破1800万米（仅Rubin系列就需约500 万米），而全球有效产能仅1500万米，供需缺口达300万米，缺口规模较此前进一步扩大。 缺口形成缘于两大核心因素：一方面，AI服务器、1.6T交换机等下游应用爆发式增长，直接带动高频高速覆铜板需 求激增。据Prismark预测，2024—2029年AI服务器核心的18层以上多层板复合增长率将达15.7%，成为PCB市场主要 驱动力，需求传导下电子布环节持续受益；另一方面，Q布生产技术壁垒极高，需使用纯度SiO₂≥99.95%的高纯石英 纤维，单条标准产线设备投资超5亿元，建设及调试周期长达24—36个月，难以快速扩产。当前全球能稳定量产的供 应商不超过10家，日本日东纺、信越化学等厂商占据70%—80% ...

创新是绿色发展的核心引擎。围绕主导产业技术需求，兵团推动链主企业牵头，联合上下游企业、科研 机构组建铝基、碳基、新能源等9大产业创新研究院，靶向攻克节能降碳关键技术。 聚焦关键领域技术攻关，兵团多家产业创新研究院持续推动关键技术突破与转化落地：电子材料产业创 新研究院成功破解行业废酸水处理难题；光伏材料产业创新研究院优化磷掺杂工艺，量产N型高效单晶 硅片，将电池转换效率从23%提升至26%以上；碳基新材料产业创新研究院攻克高分子量聚合物熔体黏 度控制难题……这批关键技术的落地应用，有力促进了兵团工业企业绿色创新能力实现整体跃升。 高质量发展离不开高品质生态环境的支撑，兵团立足区域实际，聚焦大气污染治理等痛点难点问题，精 准施策、协同发力，探索具有兵团特色的生态治理路径。 一系列绿色技术与数字技术在兵团企业得到广泛应用，推动"兵团制造"工业产品"含绿量"不断提升。目 前，兵团绿色工厂产值占制造业产值比重超四成，工业"含绿量"跻身全国第一方阵。 "护绿"攻坚：筑牢高质量发展生态屏障 与此同时，兵团严格能耗管理，层层压实主体责任，连续3年实现对年综合能源消费量1万吨标准煤以上 制造业企业的节能监察全覆盖，推动和引导 ...

莱特光电(688150)12月23日晚公告，公司拟通过控股子公司莱特夸石开展新业务，聚焦高端电子材料领 域，主要从事Q布的研发、生产与销售。 莱特光电同时提醒，公司新业务的开展对核心技术人员的依赖程度较高，未来若不能有效保持核心技术 人员的激励机制并根据市场环境变化而不断完善，将会影响到核心技术人员积极性、创造性的发挥，甚 至造成核心技术人员的流失，会造成新业务不及预期的风险。 新业务尚处于筹备阶段，预计本年度不会产生销售收入。在未来实际经营中，可能面临经济环境、行业 政策、市场需求变化、行业竞争加剧、经营管理、技术研发等方面不确定因素的影响，存在新业务拓展 不及预期的风险，上述业务对公司未来业绩的影响具有不确定性。 莱特光电内部已就新业务的可行性进行论证，在新业务的人才储备、市场拓展、资金安排等方面均有所 布局和筹划，各项工作有序开展，同步推进。目前新业务处于初期筹备阶段，尚未产生销售收入，短期 内不会对公司经营业绩构成重大影响。 据介绍，公司已完成核心团队组建，引进了具备成熟经验的Q布研发生产团队，该团队核心成员曾服务 于日本等领先市场，掌握Q布核心工艺，具备多年拉丝及织布生产经验。公司将进一步扩大团队规 ...

公司控股子公司莱特夸石将开展前述业务，纳入公司合并报表范围。公司董事长兼总经理王亚龙先生直 接负责新业务的日常经营管理工作；开展新业务后，公司实际控制人对公司的控制权不会发生变化。截 至本公告披露日，莱特夸石已完成核心团队组建，处于业务规划与产能建设阶段。 格隆汇12月23日丨莱特光电(688150.SH)公布，为持续践行公司"新材料平台型企业"发展战略，进一步 拓宽公司在新材料领域的业务布局，紧抓半导体新材料产业发展机遇，公司拟通过控股子公司莱特夸石 开展新业务，聚焦高端电子材料领域，主要从事Q布的研发、生产与销售。 ...

Core Viewpoint - The company, Lite Optoelectronics (688150.SH), is expanding its business into the high-end electronic materials sector through its subsidiary, Shaanxi Lite Quartz Materials Co., Ltd, focusing on the research, production, and sales of quartz fiber electronic cloth (Q cloth) [1] Group 1: Business Expansion - The new business initiative is part of the company's strategy to become a "new materials platform enterprise" and is a significant step towards promoting high-quality development [1] - The establishment of this new business will broaden the company's operations in the electronic materials field, effectively extending its business boundaries and expanding market coverage [1] Group 2: Strategic Importance - This move is expected to cultivate new business growth points and continuously enhance the company's comprehensive competitiveness in the high-end electronic materials sector [1] - The initiative aligns with the company's long-term development strategy and is beneficial for safeguarding the long-term interests of all shareholders [1]

Core Viewpoint - The company, Lite Optoelectronics (688150.SH), is expanding its business into the high-end electronic materials sector through its subsidiary, Shaanxi Lite Quartz Materials Co., Ltd., focusing on the research, production, and sales of quartz fiber electronic cloth (Q cloth) [1] Group 1 - The new business initiative aligns with the company's strategy to become a "new materials platform enterprise" and is a significant step towards promoting high-quality development [1] - The establishment of this new business is expected to broaden the company's operations in the electronic materials field, effectively extending its business boundaries and expanding market coverage [1] - This move aims to cultivate new growth points for the company and continuously enhance its comprehensive competitiveness in the high-end electronic materials sector [1] Group 2 - The core team for the new business has been formed, and the company is currently in the stages of business planning and capacity construction [1] - The initiative is in line with the company's long-term development strategy and is beneficial for safeguarding the long-term interests of all shareholders [1]