杭州诺邦无纺股份有限公司2025 年半年度报告 公司代码：603238 公司简称：诺邦股份 杭州诺邦无纺股份有限公司 杭州诺邦无纺股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人任建华、主管会计工作负责人张长春及会计机构负责人（会计主管人员）张长 春声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 □适用 √不适用 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细阐述存在的行业风险、市场风险等，敬请查阅管理层讨论与分析中关 于公司未来发展可能面临的风险因素及对策部分内容。 十一、 其 ...

Core Insights - Ropenet, a company specializing in rope and net technology, is emerging as an "invisible champion" in the global industrial textile market, showcasing China's manufacturing capabilities [1][3]. Group 1: Company Development - Ropenet initially operated as an OEM, where foreign brands took 80% of the profits from rope production, but transitioned to ODM by developing high-end products domestically [3]. - The company invested five years and conducted over 5,000 experiments to develop domestic alternatives for high-tech ropes, breaking the foreign monopoly in the market [3][5]. - Ropenet's waterproof dynamic rope, with an absorption rate of only 0.9%, surpassed international standards and positioned the company among the top three globally [5][7]. Group 2: Innovation and R&D - Ropenet allocates over 5% of its sales revenue to R&D, significantly higher than the industry average, and has established a comprehensive innovation system [7][10]. - The company has achieved over 200 patents and has participated in the formulation of more than 30 national and industry standards [7][10]. - Ropenet's unique innovation culture encourages risk-taking and creativity, allowing for breakthroughs in various fields, including smart monitoring technologies [7][19]. Group 3: Strategic Partnerships and National Contribution - Ropenet collaborates with prestigious universities to undertake numerous national and provincial research projects, contributing to key national initiatives [10][12]. - The company’s products have been utilized in significant projects, such as the 2020 Mount Everest elevation measurement, demonstrating their high performance under extreme conditions [12][14]. Group 4: Global Expansion - Ropenet is implementing a "Rope + Strategy" to upgrade traditional rope products and expand into emerging industries, investing 267 million yuan in a new manufacturing facility [14][16]. - The company is pursuing a localization strategy in Southeast Asia, aiming to establish a foothold for its global operations [18][19]. - Ropenet has established production bases in Thailand and offices in multiple countries, exporting products to over 100 regions worldwide [18][19]. Group 5: Corporate Culture - Ropenet emphasizes a strong corporate culture, where every new employee undergoes training to understand the company's values and innovation spirit [19]. - The company's culture, likened to the strength of a rope, fosters resilience and continuous improvement, which is crucial for navigating industry challenges [19].

Core Insights - The article highlights the rise of Ropenet, a company specializing in rope and net technology, as a "hidden champion" in the global industrial textile market, showcasing its journey from a follower to a leader in the industry [1][2]. Company Development - Ropenet initially operated as an OEM for foreign brands, where foreign companies took 80% of the profits from a single rope [2]. - The company was founded in the early 2000s and shifted its focus to developing high-end rope products domestically, particularly in the climbing gear sector, which was previously dominated by Western companies [2]. - After five years of research and over 5,000 experiments, Ropenet successfully developed products that met international CE certification standards, breaking the foreign monopoly in emergency rescue ropes and safety harnesses [2]. Technological Innovation - In 2016, Ropenet made significant advancements in technology after discovering a waterproof dynamic rope at a trade show in Germany, leading to the development of a product with an absorption rate of only 0.9%, well below the international standard of 5% [5]. - The company invests over 5% of its annual revenue into R&D, significantly higher than the industry average, and has established a comprehensive innovation system that encourages a culture of research and development [7]. - Ropenet has obtained over 200 patents and has participated in the formulation of more than 30 national and industry standards [7]. National and Global Impact - Ropenet's products are utilized in various high-tech applications, including aerospace, marine technology, and industrial lifting, aligning with national strategic goals [10][12]. - The company has collaborated with prestigious universities to undertake numerous national and provincial research projects, contributing to the development of new materials and technologies [12]. - Ropenet's ropes were used in the 2020 Mount Everest elevation measurement, demonstrating their capability to withstand extreme conditions [13]. Strategic Expansion - The company is implementing a "Rope + " strategy focusing on green, low-carbon, and intelligent upgrades in traditional rope manufacturing, with a new investment of 267 million yuan in an advanced manufacturing facility [16]. - Ropenet is expanding globally, with products now available in over 100 countries and regions, and is actively promoting the internationalization of Chinese rope standards [21][22]. - The company has established a production base in Thailand and aims to create a foothold for its global expansion, emphasizing a localized strategy [20]. Cultural and Organizational Strength - Ropenet's success is attributed not only to technological advancements but also to its strong corporate culture that emphasizes innovation and teamwork [21][22]. - The company fosters a unique "rope spirit" culture, where every employee is trained to understand the importance of collective effort in achieving breakthroughs [22].

Core Insights - The Chinese industrial textile industry is experiencing a recovery, with fiber processing volume expected to reach 21.384 million tons in 2024, and the export value projected at $41.34 billion, reflecting a year-on-year growth of 6.7% [1][2] - The industry is the largest exporter of industrial textiles globally, benefiting from a complete industrial chain and ongoing technological research and development [1][2] - Key export products include coated fabrics, non-woven fabrics, and wipes, with significant growth rates in exports to developing countries [2] Industry Performance - The industrial textile sector is showing signs of recovery with production, sales, and exports improving, indicating a new development trend characterized by stability and structural optimization [1] - The industrial added value is expected to maintain growth in 2024, surpassing the average industrial growth rate, reversing the decline seen in 2023 [1] - The overall capacity utilization rate in the industry remains stable and at a high level [1] Export Dynamics - Exports to major markets such as Vietnam and the United States have increased by 18.4% and 12.9% respectively, with even higher growth rates to Bangladesh and Cambodia at 19.7% and 27.3% [2] - The share of developing countries in China's industrial textile exports is on the rise [2] Challenges and Recommendations - The industry faces challenges from complex external conditions, including the impact of the U.S. "reciprocal tariff" policy on global supply chains [2] - There are still significant technological barriers and market obstacles, particularly in core materials and high-end products [2] - Recommendations include focusing on national major demands, enhancing foundational research and original innovation, and investing in key technologies to improve safety and autonomy [3]