格隆汇1月8日丨会通股份(688219.SH)在投资者互动平台表示，公司产品湿法隔离膜可应用于半固态电 池。未来公司会对产业前沿技术革新保持高度关注，聚焦锂电池市场突破，做好相应的技术储备，致力 成为集多种功能膜生产于一体的材料供应商。 ...

Core Viewpoint - New Guangyi (301687.SZ) has initiated its subscription with an issue price of 21.93 yuan per share and a price-to-earnings ratio of 28.59 times, focusing on high-performance specialty functional materials [1] Company Overview - New Guangyi is a high-tech enterprise specializing in the research, production, and sales of high-performance specialty functional materials, including anti-overflow adhesive films and strong resistance specialty films [1] - The company has developed high-precision acoustic films with a thickness tolerance of ±1um and excellent temperature resistance, which are currently supplied to Apple's high-end headphone products [1] Financial Performance - The company achieved operating revenues of approximately 455 million yuan, 516 million yuan, and 657 million yuan for the years 2022, 2023, and 2024, respectively [2] - Net profits for the same years were approximately 81.51 million yuan, 83.28 million yuan, and 116 million yuan [2] Revenue Breakdown by Product Category - For the first half of 2025, the revenue breakdown by product category is as follows: - Anti-overflow adhesive films: 16,417.96 million yuan (52.43%) - Strong resistance specialty films: 7,272.05 million yuan (23.22%) - New energy materials: 3,941.97 million yuan (12.59%) - Optical adhesive films: 906.95 million yuan (2.90%) - Modified materials: 1,280.92 million yuan (4.09%) - Acoustic films: 512.08 million yuan (1.64%) - Others: 985.06 million yuan (3.15%) [1] Industry Insights - The Chinese functional film materials market is experiencing rapid growth, projected to reach a market size of 162.3 billion yuan in 2024, with a year-on-year growth of 8.9% [1] - Optical functional films represent the largest segment of the market, accounting for 39.6%, followed by separation functional films and packaging functional films at 28.37% and 17.64%, respectively [1]

Company Overview - New Guangyi (301687.SZ) has launched its subscription on December 22, with an issue price of 21.93 yuan per share and a maximum subscription limit of 0.85 million shares, reflecting a price-to-earnings ratio of 28.59 times [1] - The company specializes in the research, production, and sales of high-performance special functional materials, including anti-overflow adhesive special films and strong resistance special films [1] - New Guangyi has developed high-precision acoustic films with a thickness tolerance of ±1um and modulus tolerance of ±3Mpa, which have been supplied to Apple's high-end headphone products through cooperation with GoerTek [1] Business Segments - The main business revenue by product category for New Guangyi is as follows: - Anti-overflow adhesive special films: 16,417.96 million yuan (52.43%) in H1 2025, 33,482.25 million yuan (50.97%) in 2024, 27,652.01 million yuan (53.60%) in 2023, and 30,564.98 million yuan (67.16%) in 2022 [2] - Strong resistance special films: 7,272.05 million yuan (23.22%) in H1 2025, 14,995.76 million yuan (22.83%) in 2024, 11,787.65 million yuan (22.85%) in 2023, and 11,909.86 million yuan (26.17%) in 2022 [2] - New energy materials: 3,941.97 million yuan (12.59%) in H1 2025, 9,690.41 million yuan (14.75%) in 2024, 4,435.23 million yuan (8.60%) in 2023, and 134.61 million yuan (0.30%) in 2022 [2] - Optical adhesive films: 906.95 million yuan (2.90%) in H1 2025, 2,369.42 million yuan (3.61%) in 2024, 1,744.39 million yuan (3.38%) in 2023, and 1,152.56 million yuan (2.53%) in 2022 [2] Financial Performance - The company reported revenues of approximately 455 million yuan in 2022, 516 million yuan in 2023, and 657 million yuan in 2024, with net profits of approximately 81.51 million yuan, 83.28 million yuan, and 116 million yuan respectively [3] - As of June 30, 2025, total assets amounted to 885.28 million yuan, with equity attributable to shareholders at 738.69 million yuan and a debt-to-asset ratio of 16.52% [4] - The company achieved a net profit of 59.21 million yuan in H1 2025, compared to 115.70 million yuan in 2024 and 83.28 million yuan in 2023 [4] Industry Insights - The functional film materials market in China is experiencing rapid growth, driven by demand from downstream sectors such as new displays, renewable energy, and energy conservation [2] - The market size for functional film materials in China is projected to reach 162.3 billion yuan in 2024, with a year-on-year growth of 8.9% [2] - Optical functional films represent the largest segment of the market, accounting for 39.6% of the total, followed by separation functional films and packaging functional films at 28.37% and 17.64% respectively [2]

Core Viewpoint - New Guangyi (301687.SZ) has launched its IPO with an issue price of 21.93 CNY per share and a price-to-earnings ratio of 28.59 times, focusing on high-performance specialty functional materials [1] Company Overview - New Guangyi specializes in the R&D, production, and sales of high-performance specialty functional materials, including anti-overflow adhesive films and strong resistance specialty films [1] - The company has developed high-precision acoustic films with a thickness tolerance of ±1um and excellent temperature resistance (high temperature 200℃, low temperature -30℃) [1] - New Guangyi's acoustic films are already being supplied to Apple's high-end headphone products through cooperation with Goer Acoustic [1] Business Expansion - In 2024, the company aims to expand its business into the new energy sector, processing materials like EVA and POE into photovoltaic backsheet adhesive films and new energy battery materials [1] Revenue Breakdown - The main business revenue by product category for New Guangyi is as follows: - Anti-overflow adhesive films: 16,417.96 million CNY (52.43%) in H1 2025 - Strong resistance specialty films: 7,272.05 million CNY (23.22%) in H1 2025 - New energy materials: 3,941.97 million CNY (12.59%) in H1 2025 - Optical adhesive films: 906.95 million CNY (2.90%) in H1 2025 [1] Market Outlook - The Chinese functional film materials market is expected to reach 162.3 billion CNY in 2024, with a year-on-year growth of 8.9%, driven by demand from new displays, new energy, and energy-saving sectors [1] - Optical functional films represent the largest segment of the market, accounting for 39.6% of the product structure in 2024 [1] Financial Performance - The company reported revenues of approximately 455 million CNY in 2022, 516 million CNY in 2023, and 657 million CNY in 2024, with net profits of approximately 81.51 million CNY, 83.28 million CNY, and 116 million CNY respectively [2] - As of June 30, 2025, total assets amounted to 885.28 million CNY, with equity attributable to shareholders of 738.69 million CNY and a debt-to-asset ratio of 16.52% [3]

五年来，海安市联合高校院所、行业专家高频次举办产业链专场对接会，覆盖功能膜材料、高端装 备、纺织丝绸等关键领域。海安市科技局副局长陆建银介绍，通过推进科技创新和产业创新融合机制， 海安形成了生产端众筹需求、学术端揭榜攻坚、研发端利益共享的机制。 陆建银：把我们的一些企业科技指标落实到相关部门，让他们能够带着企业跑高校，带着专家走进 企业，加强他们的产学研合作，促进存量企业的转型升级，同时也加强科技成果转化落地。 通过"产业焕新、空间再造"，海安已构建起高端纺织、高端装备、新材料、新能源、信息技术五大 产业集群，以及化纤、纺织丝绸、电工电气等十大重点产业链。海安高新技术企业数量由2020年的374 家增加到2025年的633家。截至目前，海安累计获评制造业单项冠军示范企业8家，省级专精特新"小巨 人"企业数量达到180家。 海安市副市长夏卫军：推动高标准培育创新主体、高能级打造创新平台、高效能夯实创新基础、高 水平引育创新人才、高质量营造创新生态的"五高"联动机制，推动科技创新关键变量逐渐转化为高质量 发展的最大增量。 央广网北京12月21日消息（记者钱成 江苏台记者周洋 索浩阳）据中央广播电视总台中国之声《新 ...

Core Insights - The article highlights the successful collaboration between companies and academic institutions in Hai'an, leading to technological breakthroughs and enhanced industrial ecosystems [1][4]. Group 1: Industrial Development - Hai'an has integrated resources to launch a "three-drives linkage" mechanism, enhancing the industrial ecosystem through government, finance, and enterprise collaboration [1]. - As of August, Hai'an has 1,396 industrial enterprises above designated size, ranking first in Nantong, with over 400 enterprises generating more than 100 million [1]. - Industrial sales in Hai'an increased by 4.7% year-on-year in the first eight months of this year, leading Nantong in total sales [1]. Group 2: Financial Support - Financial institutions like China Merchants Bank and Hai'an Rural Commercial Bank provided significant credit support, with 620 billion pre-approvals during specialized industry events [2]. - Eight industry-specific matchmaking events have been held this year, covering various sectors and facilitating nearly 100 technology demand collections and over 40 collaborative intentions [2]. Group 3: Addressing Industry Pain Points - Hai'an established 10 teams to visit 147 enterprises, identifying over 280 needs to address issues like high raw material transportation costs and supply instability [3]. - The local government facilitated connections between companies and domestic suppliers to resolve reliance on imported materials, significantly reducing costs [3]. Group 4: Innovation and Collaboration - A collaborative model involving industry mentors, government officials, and business executives was implemented to tackle industrial chain challenges effectively [4]. - Hai'an has created a "hundred-person team" platform for industry think tanks, promoting resource coordination and sharing of practical experiences among stakeholders [4]. Group 5: Strategic Development - The local government is committed to optimizing the "five clusters and ten chains" cultivation system to accelerate high-quality development through project-driven initiatives [5].

Core Insights - The Anhui Anqing Taihu Economic Development Zone is focusing on the functional film materials industry, aiming to create a nationally influential "China Film Capital" by enhancing the industrial chain ecosystem, strengthening technological innovation, and attracting professional talent [1][2]. Group 1: Industrial Development - The functional film industry has formed a complete industrial chain from substrate preparation to functional coating and precision die-cutting, contributing 65.3% of the total industrial output value of the economic development zone with a production value of 3.348 billion yuan and a growth rate of 18.25% from January to August 2025 [1]. - Over 100 functional film enterprises are gathered in the region, with 40 enterprises above designated size, showcasing a local procurement rate exceeding 40%, indicating a vibrant internal circulation within the industry [1]. Group 2: Innovation and Technology - The region has seen two listed companies shine in the capital market, with two companies successfully listed on the New Third Board, marking a breakthrough in the number of listed companies in Taihu [2]. - There are seven national specialized and innovative "little giant" enterprises and 42 provincial specialized and innovative enterprises rooted in the area, with a technology achievement transformation rate of 65% [2]. Group 3: Talent Acquisition - The economic development zone offers a supportive environment for innovation and entrepreneurship, featuring 32,000 square meters of talent apartments, over 900 housing guarantees, and more than 5 million yuan in annual scientific innovation awards [3]. - The "Xihu Talent" program and "Talent Strong Enterprise" initiative are being actively promoted, attracting over 100 industry-leading talents and more than 2,000 high-skilled talents to the region [3]. Group 4: Sustainable Development - The region is committed to building a green manufacturing system, having established one national-level green factory and five provincial-level green factories, achieving comprehensive coverage of green transformation in key industries [4]. - In the intelligent workshop of Hongguan Optoelectronics, green manufacturing has become a reality, with energy consumption reduced by 20% and an annual saving of 1,000 tons of standard coal [4]. Group 5: Future Outlook - The Taihu Economic Development Zone aims to focus on the goal of "100 billion enterprises, 1 trillion industries," emphasizing emerging fields such as functional film new materials, electronic terminal displays, and metal products [5]. - The zone is transitioning from following to leading, from manufacturing to intelligent manufacturing, showcasing the excellence of Chinese manufacturing in the vast ocean of functional film materials [5].

Group 1 - The latest development in glass technology by a team from Nanjing University showcases a product that changes from matte to transparent, potentially revolutionizing visual experiences and optical devices in urban aesthetics [1] - The "Functional Film Materials" special event held in Hai'an gathered experts from multiple universities and industry representatives, emphasizing the importance of dialogue on industrial development and technological innovation [3] - Hai'an's functional film materials industry has nearly 90 quality enterprises, but faces challenges such as "bottleneck" technologies and difficulties in transforming research results into practical applications [3] Group 2 - Hai'an's cluster office has initiated a series of small-scale, high-frequency exchange activities to address technical challenges faced by enterprises, successfully holding five events that serve as "fuel stations" for solving these issues [6] - The collaboration between government, enterprises, and academic institutions aims to build an innovative ecosystem that supports high-quality industrial development in the city [6] - The precise matching of research resources to enterprise needs has led to successful partnerships, such as the collaboration between a polymer materials company and a professor from Changzhou University to tackle specific technical challenges [8]