2、2024年年报，在电子领域，公司联合产业链领头企业及高校，依托国家科技支撑计划等项目，攻克 了多项关键技术难题，成功开发了低气泡细纱、纤维直径可达 3.7μm 的超细纱及织物等优势产品，解 决了高端 PCB 源头关键材料长期依赖进口的问题。 3、2024年10月29日互动易:公司自主研发、拥有独立知识产权的5G 用低介电玻璃纤维已实现批量生 产，并在高端旗舰系列手机、5G 高频通信用关键透波制品等产品上得到应用。 4、根据公司招股说明书，公司重视玻纤核心技术的积累与创新， 通过技术引进、 合作研发与自身实践 探索，已掌握池窑设计、 节能燃烧、 玻璃配方与纤维成型、 铂金材料改性与漏板设计加工、 浸润剂关 键原料与表面处理等玻纤生产全流程工艺技术。 公司坚持差异化、 高端化的产品竞争策略， 紧跟市场 需求， 在异形玻纤、 风电叶片高模玻纤、 聚氨酯风电叶片专用纱及织物、 无硼无氟环保型 ECT 玻 纤、 汽车轻量化零部件用热塑性玻纤、 5G 高频通信低介电低损耗玻纤、 耐化学腐蚀玻纤、 特高压电 力绝缘制品用玻纤等产品细分领域具有很强的竞争优势。 来源：新浪证券-红岸工作室 12月22日，国际复材涨3.58 ...

Core Viewpoint - The company, Chongqing International Composite Materials Co., Ltd., has shown significant growth in revenue and profit, driven by its advancements in 5G-related low dielectric glass fiber technology and its applications in high-end products like Huawei smartphones [2][8]. Company Overview - Chongqing International Composite Materials Co., Ltd. was established on August 27, 1991, and is located in the Jiankiao Industrial Park B area of Dadukou District, Chongqing. The company was listed on December 26, 2023, and its main business involves the research, production, and sales of glass fiber and its products, with 97.51% of revenue coming from this segment [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 6.413 billion yuan, representing a year-on-year growth of 19.01%. The net profit attributable to the parent company was 273 million yuan, showing a remarkable increase of 273.53% compared to the previous year [8]. Market Position and Technology - The company has developed independent intellectual property for 5G low dielectric glass fiber, which has entered mass production and is being utilized in Huawei's flagship smartphones and key communication products [2][3]. - The company emphasizes the accumulation and innovation of core glass fiber technologies, mastering the entire production process from pool kiln design to fiber formation and surface treatment [3]. Shareholder Information - As of November 20, the number of shareholders for the company was 75,100, a decrease of 4.24% from the previous period. The average circulating shares per person increased by 4.42% to 18,696 shares [8]. - The company has distributed a total of 113 million yuan in dividends since its A-share listing [9]. Investment and Market Trends - The stock has seen a net inflow of 128 million yuan today, with a total market capitalization of 25.642 billion yuan. The stock's turnover rate was 12.15% [1]. - The average trading cost of the stock is 7.11 yuan, with recent price movements indicating a potential resistance level at 6.91 yuan [6].

Core Viewpoint - The company, Chongqing International Composite Materials Co., Ltd., has made significant advancements in the development of key materials for the electronics sector, particularly in the production of low dielectric glass fiber for 5G applications, which has been successfully integrated into Huawei's flagship smartphones and other high-frequency communication products [2][3]. Company Overview - Chongqing International Composite Materials Co., Ltd. was established on August 27, 1991, and is located in the Jiankiao Industrial Park B area of Dadu River District, Chongqing. The company was listed on December 26, 2023, and its main business involves the research, production, and sales of glass fiber and its products. The revenue composition is 97.51% from glass fiber and products, with 2.49% from other sources [7]. Financial Performance - As of January to September 2025, the company achieved a revenue of 6.413 billion yuan, representing a year-on-year growth of 19.01%. The net profit attributable to the parent company was 273 million yuan, showing a substantial increase of 273.53% compared to the previous year [8]. Market Position and Strategy - The company emphasizes the accumulation and innovation of core glass fiber technologies through technology introduction, collaborative research, and self-exploration. It has mastered the entire production process of glass fiber, including key technologies such as pool kiln design and energy-saving combustion [3]. The company adopts a differentiated and high-end product competition strategy, focusing on market demand in various niche areas such as wind power blades and automotive lightweight components [3]. Shareholder Information - As of November 10, the number of shareholders for the company reached 78,400, an increase of 2.86% from the previous period. The average circulating shares per person decreased by 2.78% to 17,904 shares [8]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the fifth-largest shareholder with 29.7254 million shares, an increase of 21.164 million shares from the previous period. The Southern CSI 1000 ETF and Huaxia CSI 1000 ETF were also among the top shareholders, with varying changes in their holdings [9]. Technical Analysis - The average trading cost of the stock is 6.30 yuan, indicating some accumulation activity, although the strength of this accumulation is not strong. The current stock price is near a resistance level of 5.78 yuan, suggesting caution against potential pullbacks unless the resistance is broken, which could lead to an upward trend [6]. Trading Activity - On November 20, the stock price of International Composite Materials increased by 0.18%, with a trading volume of 167 million yuan and a turnover rate of 2.08%. The total market capitalization stands at 21.419 billion yuan [1]. Capital Flow - The main capital flow showed a net outflow of 11.5955 million yuan today, with a continuous reduction in main capital over the past three days. The industry also experienced a net outflow of 91.1167 million yuan during the same period [4][5].

Core Viewpoint - The company, Chongqing International Composite Materials Co., Ltd., has shown significant growth in revenue and profit, driven by advancements in technology and production capabilities in the glass fiber sector, particularly for applications in 5G and high-end electronics [8]. Company Overview - Chongqing International Composite Materials Co., Ltd. was established on August 27, 1991, and is located in the Jiankiao Industrial Park B area of Dadu River District, Chongqing. The company was listed on December 26, 2023, and primarily engages in the research, production, and sales of glass fiber and its products, with 97.51% of its revenue coming from this segment [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 4.153 billion yuan, representing a year-on-year growth of 19.40%. The net profit attributable to shareholders reached 231 million yuan, marking a substantial increase of 341.55% compared to the previous year [8]. Product Development and Technology - The company has successfully developed key technologies in the electronic field, including low-bubble fine yarn and ultra-fine yarn with a fiber diameter of 3.7μm, addressing the long-standing reliance on imported materials for high-end PCB [2][3]. - The company has independently developed low-dielectric glass fiber for 5G applications, which has entered mass production and is being utilized in Huawei's flagship smartphones and critical communication products [2][3][5]. Market Position and Strategy - The company emphasizes the accumulation and innovation of core glass fiber technologies, mastering the entire production process from pool kiln design to surface treatment. It adopts a differentiated and high-end product strategy, focusing on market demand in various specialized fields such as wind power and automotive lightweight components [3][5]. Shareholder and Market Activity - As of September 30, the number of shareholders stood at 76,300, a decrease of 9.54% from the previous period, while the average circulating shares per person increased by 10.54% to 18,417 shares [8]. - The company has distributed a total of 113 million yuan in dividends since its A-share listing [9].

Core Viewpoint - The company, Chongqing International Composite Materials Co., Ltd., has made significant advancements in the production of glass fiber and its applications, particularly in the fields of 5G technology and PCB manufacturing, addressing the long-standing reliance on imported materials [2][3]. Company Overview - Chongqing International Composite Materials Co., Ltd. was established on August 27, 1991, and is located in the Jiankang Industrial Park B area of Dadu River District, Chongqing. The company was listed on December 26, 2023, and its main business involves the research, production, and sales of glass fiber and its products, with 97.51% of revenue coming from this segment [7]. Financial Performance - For the period from January to June 2025, the company achieved a revenue of 4.153 billion yuan, representing a year-on-year growth of 19.40%. The net profit attributable to the parent company was 231 million yuan, showing a substantial increase of 341.55% [8]. Product Development - The company has successfully developed low-bubble fine yarn and ultra-fine yarn with a fiber diameter of 3.7μm, which are key products in the electronic field, particularly for PCB manufacturing. This development is part of a broader strategy to innovate and reduce dependency on imported materials [2][3]. - The company has independently developed and achieved mass production of low-dielectric glass fiber for 5G applications, which is now being utilized in Huawei's flagship smartphones and critical communication products [2][3][5]. Market Position - The company emphasizes a differentiated and high-end product strategy, focusing on various niche markets such as special-shaped glass fiber, high-modulus glass fiber for wind turbine blades, and environmentally friendly glass fiber products [3]. - As of September 19, the number of shareholders in the company was 84,300, a decrease of 5.85% from the previous period, while the average circulating shares per person increased by 6.22% [8]. Shareholder Information - After the A-share listing, the company has distributed a total of 113 million yuan in dividends. As of June 30, 2025, the Southern CSI 1000 ETF was the seventh-largest circulating shareholder, holding 10.4141 million shares, an increase of 4.7763 million shares from the previous period [9].

Core Viewpoint - The company International Composite Materials Co., Ltd. has shown significant growth in revenue and profit, driven by advancements in technology and strategic partnerships in the electronic and renewable energy sectors [8]. Company Overview - International Composite Materials Co., Ltd. is located in Chongqing and was established on August 27, 1991. The company focuses on the research, production, and sales of glass fiber and its products, with 96.56% of its revenue coming from this segment [7]. - The company was listed on December 26, 2023, and operates within the building materials sector, specifically in glass fiber manufacturing [7]. Financial Performance - For the period from January to March 2025, the company achieved a revenue of 1.869 billion yuan, representing a year-on-year growth of 21.68%. The net profit attributable to shareholders was 52.6748 million yuan, marking a substantial increase of 176.96% [8]. - The company has distributed a total of 113 million yuan in dividends since its A-share listing [9]. Technological Advancements - The company has developed key technologies in the electronic field, including low-bubble fine yarn and ultra-fine yarn with a fiber diameter of 3.7μm, addressing the long-term reliance on imported materials for high-end PCB [2][3]. - The company has successfully achieved mass production of 5G low-dielectric glass fiber, which is now being utilized in Huawei's flagship smartphones and critical communication products [2][3]. Market Position and Strategy - The company emphasizes innovation and the accumulation of core glass fiber technologies, maintaining a competitive edge in various specialized fields such as wind power, automotive lightweight components, and 5G communication [3]. - The company adopts a differentiated and high-end product strategy, aligning closely with market demands [3]. Stock Performance - On August 18, the stock price of International Composite Materials increased by 9.87%, with a trading volume of 2.758 billion yuan and a turnover rate of 29.47%, resulting in a total market capitalization of 26.434 billion yuan [1].