探索电气和电子行业的塑料循环利 用机会 马来西亚塑料循环系列 报告 #3 © 2025 世界银行集团 1818 H街西北, 华盛顿特区, DC 20433 电话：202-473-1000；互联网：www.worldbank.org 这项工作是由世界银行集团的成员国际复兴开发银行（IBRD）和国际金融公司（IFC）的员工以及外部贡献者共同完成的。"世界银行集团"是指法律上独立的国 际复兴开发银行（IBRD）、国际金融公司（IFC）、国际开发协会（IDA）和多边投资担保机构（MIGA）。 世界银行集团不保证本作品中包含的内容的准确性、可靠性或完整性，也不保证其中所述的结论或判断，对本作品中任何疏漏或错误（包括但不限于印刷错误 和技术错误）概不负责，也不对据此产生的任何责任或后果承担责任。本作品中所示的国界、颜色、名称、链接/脚注和其他信息不代表世界银行集团对任何领 土的法律地位或对其边界表示认可或接受。引用他人类似的作品并不意味着世界银行集团认可那些作者所表达的观点或其作品的内容。本卷中表达的研究成果 、解释和结论不一定反映世界银行集团的任何组织的观点、其各自的执行董事会或它们所代表政府的观点。 管理 公开披露授 ...

德国电子电气行业协会（ZVEI）数据显示，7月份德国电子电气行业出口额为210亿欧元，同比增长 6.1%，实现连续三个月增长。对欧元区出口额同比增长逾10%至68亿欧元，对华出口下降6.0%至20亿欧 元，对美出口下降2.2%至22亿欧元。2025年前七个月，该行业出口总额增长3.2%至1493亿欧元。 ...

Core Viewpoint - The article discusses the emerging trend of "transparent design" in the electronics and electrical industry, highlighting the need for materials to evolve in performance and safety alongside aesthetic and functional advancements [2]. Group 1: Industry Trends - "Transparent design" is gaining popularity in the electronics and electrical sector, driven by consumer demand for visually appealing and functional products [2]. - The industry faces challenges in balancing aesthetics, functionality, and safety, necessitating an upgrade in material technology [2]. Group 2: Company Initiatives - Covestro is hosting two live streaming events to discuss industry trends and present their new transparent flame-retardant polycarbonate solutions [4]. - The live sessions will include discussions on the development trends and challenges in the electronics and electrical industry, along with case studies and interactive Q&A sessions [4]. Group 3: Expert Contributions - The events will feature experts from Covestro, including Wang Haiyan, a market manager focused on high-performance materials in the electronics sector, and Dr. Xing Dongbo, a product technology expert with extensive experience in polymer material applications [8][10]. - Additional contributions will come from Jessica Gresko and Nicolas Sunderland, who will present on application development and global market strategies [14]. Group 4: Product Innovations - Covestro has collaborated with the Design Library to create a "Linglong Porcelain" themed design using their transparent flame-retardant polycarbonate, suitable for smart home devices like lighting [15].

Group 1 - The company, Ruima Precision, announced a provision for asset impairment totaling 27.9072 million yuan, which will reduce the net profit attributable to shareholders by 22.6395 million yuan for the first half of 2025 [1] - The revenue composition for Ruima Precision in the first half of 2025 is as follows: automotive industry accounts for 79.85%, mobile communications 12.72%, electronics and electrical 4.96%, and others 2.47% [1]

Core Viewpoint - Yushu Technology is facing a patent infringement lawsuit just as it begins its listing guidance, which could potentially impact its IPO process [1][3]. Group 1: Lawsuit Details - The plaintiff is Hangzhou Luweimei Daily Chemical Co., Ltd., with Zhou Jianjun holding a 90% stake and owning multiple patents, including one for an electronic dog [2]. - The lawsuit's timing is critical as Yushu Technology is preparing for its IPO, raising concerns about the potential delay or failure of the listing [3]. Group 2: Historical Context of Patent Infringement Cases - The article discusses two previous cases of companies facing patent infringement lawsuits during their IPO processes: one failed to list, while the other succeeded [3]. - Weisi New Material faced a patent infringement lawsuit in March 2023, which led to the cancellation of its IPO review just before the scheduled meeting [5]. - Weisi New Material attempted to counter the lawsuit by applying for the invalidation of the patent involved, but ultimately withdrew its IPO application in April 2024 after a year-long struggle [9]. Group 3: Successful Case Study - In contrast, Yingjixin, a chip company, successfully navigated a patent infringement lawsuit while pursuing its IPO. The involved patent was declared invalid in September 2019, allowing Yingjixin to proceed with its listing application in June 2021 [13][15]. - Yingjixin faced additional lawsuits related to trade secrets and cooperation agreements but managed to reach a settlement by paying 52 million yuan to the plaintiff, allowing it to continue with its IPO process [19][21].

Group 1 - The company and its subsidiary, Dalian Dehao Optoelectronics Technology Co., Ltd., have received a lawsuit notification from Dalian Intermediate People's Court regarding a sales agency contract dispute [1][2] - The plaintiff, Shenzhen Anying Electronics Co., Ltd., is seeking the return of 20 million yuan for compensation, bad debt losses, and litigation costs, claiming that the payment obligations arise from a sales agency relationship rather than a sales contract [2] - The lawsuit has not yet entered the trial stage, and the company is currently unable to assess the potential impact of this lawsuit on its profits [2][3] Group 2 - As of the date of the announcement, there are no other significant undisclosed litigation or arbitration matters involving the company and its subsidiaries [3]

Core Insights - The U.S. government's "manufacturing reshoring" policy is primarily driven by tariffs to encourage companies to relocate production back to the U.S. [1] - A report from Bank of America indicates that multinational companies are now prioritizing the avoidance of geopolitical risks over minimizing costs when restructuring global supply chains [1][2] - Despite legislative efforts to promote manufacturing return, only 20% of analysts predict a "large-scale reshoring" of U.S. manufacturing, with 40% advocating for a faster return of capital-intensive industries [1] Group 1: Manufacturing Trends - Companies are increasingly inclined to shift production to friendly countries or nearby markets, with Vietnam, India, Thailand, and Mexico being the main beneficiaries due to their geographical and political advantages [1][2] - Nearly half of the analysts believe that high tariff policies will not significantly impact corporate decision-making, as companies prioritize supply chain flexibility and risk diversification [2] - The 2025 reshoring index has dropped by 311 basis points compared to the previous year, indicating a decline in the manufacturing reshoring trend [2] Group 2: Employment and Economic Impact - The U.S. manufacturing employment index has been declining, currently accounting for only 8% of total employment, which reflects the challenges of high labor costs and a shortage of qualified workers [1] - Despite significant capital investment in the U.S., the manufacturing output growth over the past year was only 1%, highlighting a gap between announced reshoring plans and actual production capacity [2]

Core Viewpoint - The article discusses the disparity in brand recognition and industrial focus among Jiangsu, Guangdong, and Zhejiang provinces in China, highlighting that Jiangsu, despite its high GDP, has significantly fewer well-known consumer brands compared to Guangdong and Zhejiang [2][5][9]. Group 1: Brand Recognition - Jiangsu has only 39 brands listed in the "Global Brand China Online 500 Strong List," ranking fifth nationally, which is significantly lower than Guangdong and Zhejiang [5][9]. - In the top 50 brands by CBI index, Jiangsu has only one brand (Bosideng), while Guangdong has 10 and Zhejiang has 5 [7][9]. - The majority of recognized brands from Jiangsu are not in the fast-moving consumer goods (FMCG) or apparel sectors, which are dominated by brands from Guangdong and Zhejiang [9][19]. Group 2: Industrial Structure - Jiangsu's industrial output is heavily concentrated in heavy industry and upstream manufacturing, leading to fewer consumer-facing brands [19][23]. - The manufacturing workforce distribution shows that Jiangsu has a higher proportion of workers in heavy and B2B manufacturing compared to Guangdong and Zhejiang [12][16]. - Guangdong leads in electronic and electrical manufacturing, with a workforce in this sector exceeding that of Jiangsu and Zhejiang combined by over 1 million [12][22]. Group 3: Economic Contributions - In 2024, Jiangsu's construction industry contributed 44,771.5 billion yuan, accounting for 13.7% of the national total, indicating its strength in the construction sector [15]. - Jiangsu is the largest shipbuilding province in China, with a shipbuilding completion volume of 2,282 million deadweight tons, representing 47.4% of the national total [18]. - The steel production in Jiangsu is significantly higher than that of Guangdong and Zhejiang, with 16,757.2 million tons produced in 2024, which is 1.77 times the combined output of the other two provinces [16]. Group 4: Historical Context - The industrial focus of Jiangsu has historical roots, with a stronger heavy industry foundation established during the planned economy era, leading to a preference for upstream industries [23]. - The development paths of these provinces are influenced by their economic structures, with Guangdong focusing on electronics due to early foreign investment and Jiangsu's industrial base being more aligned with heavy industries [22][24]. - Zhejiang's lighter industrial focus is attributed to its reliance on private enterprises and a strong local service economy, which has fostered consumer brands [25].

Company Overview - The company specializes in the research, production, and sales of electronic and electrical functional materials, focusing on thermal management and waterproof sealing innovations to enhance product reliability [2]. - Key products include graphite heat sinks, thermal pads, thermal gels, phase change materials, and various cooling devices, applicable in consumer electronics, new energy vehicles, and data centers [2]. Financial Performance - In 2024, the company achieved a revenue of CNY 656 million, a year-on-year increase of 51.10%, while net profit attributable to shareholders was CNY 52.46 million, a decrease of 3.88% [2]. - In Q1 2025, revenue reached CNY 183 million, up 93.59% year-on-year, with net profit of CNY 17.72 million, an increase of 79.57% [2][3]. Market Drivers - Growth is driven by market demand expansion and favorable industrial policies, particularly in consumer electronics and automotive sectors [3]. - Increased orders from major North American clients and improved operational capabilities of subsidiaries are also contributing factors [3]. - Ongoing capacity release from fundraising projects and the establishment of a factory in Vietnam will enable the company to handle more orders [3]. Product Applications - The company’s products are applicable in various fields, including robotics, where thermal management solutions are critical for performance and safety [4][5]. - In data centers, the company addresses cooling challenges with a range of products, including liquid cooling and heat pipes [6]. Strategic Initiatives - The company plans to enhance its market share in graphite products and expand into AI server markets while continuing to innovate in product development [6]. - Key projects for 2025 include expanding production capacity for graphite films and liquid cooling products, as well as developing high-performance thermal interface materials [6][7]. Future Outlook - The company aims to become a leader in electronic and electrical product protection and thermal control technologies, focusing on integrated failure solutions across various industries [7]. - There is confidence in achieving growth in 2025 through market expansion, innovation, and improved management practices [7].