加强技术研发，提升标准化与应用效能。推进材料创新，开发适应高湿度、复杂环境的催化材料，建立 效果评估体系，建立城市缩尺模型实验平台，模拟建筑布局与催化涂层的协同效应，量化环境效益。完 善标准体系，制定催化材料性能标准（如活性、耐久性）及效果评估规范。推进产学研协同，依托科研 团队，推动新型催化剂产业化。 规划先行与试点示范相结合，深化应用场景。强化城市空间规划，锁定重点区域，在交通枢纽、工业园 区、公园等臭氧高值区，优先应用催化涂层与空气净化装置，推广光催化路面及建筑立面涂层，利用城 市立体空间扩大催化接触面积。在居民区安装小型催化净化装置，结合绿化带形成"微自净单元"。 臭氧污染的形成机理较为复杂，其浓度受挥发性有机物（VOCs）和氮氧化物（NOx）协同作用影响， 且光化学反应受气象条件调控，治理难度远高于颗粒物。当前我国主要通过源头减排VOCs和NOx防治 臭氧污染，面临防治成本高、周期长以及末端治理技术欠缺等挑战。因此，在源头防治的同时探索末端 治理技术的创新突破，能有效遏制臭氧浓度上升趋势。 比如，中国科学院团队研发的高效催化新材料，在北京市大兴区黄村公园进行了3年多的外场测试，发 现将其涂覆在建筑物 ...

Basic Information - Jiangsu Meiside Chemical Co., Ltd. approved a capital increase of 700 million RMB to its wholly-owned subsidiary, Meiside (Jilin) New Materials Co., Ltd., during the fifth meeting of the fifth board of directors on April 24, 2025, and at the annual general meeting on May 16, 2025 [1] - After the capital increase, the registered capital of Jilin Meiside will rise to 800 million RMB [1][2] Progress Update - The capital increase aims to meet the operational development needs of Jilin Meiside and enhance its capital strength [2] - Jilin Meiside has completed the industrial and commercial change registration and obtained a new business license from the Longtan Branch of Jilin City Market Supervision Administration [2] - The new business license allows Jilin Meiside to engage in various activities, including sales of non-hazardous chemical products, production of chemical products (excluding licensed chemical products), and technology services [2]

2025 稀土产业链研究 行业研究系列报告 中美欧供应链博弈与地缘竞争杠杆 1 2025 年 3 月 深企投产业研究院 关于深企投产业研究院 深企投产业研究院是深企投集团旗下的高端智库，聚焦产业发展，服务区域经济， 致力于为各地提供产业发展落地方案。研究院总部位于深圳，服务区域覆盖全国主要省 市。研究院集聚一批经济研究和产业研究专家，以 985 院校研究生为主体，链接高校专 家学者，为全国各地政府及机构提供智力支持。 基于自身的研究和咨询能力，同时借助集团的服务网络，深企投产业研究院为政府 机构、国有平台、产业园区、金融机构等客户类型提供有针对性的服务。 ——政府机构客户。研究院重点提供五类服务：一是五年规划，包含发改系统的国 民经济和社会发展总体规划，工信、商务、投促、文旅等政府部门的专项五年规划；二 是产业规划，包含地区、片区的产业定位和产业发展专项规划；三是招商专题研究，包 括产业链招商策略、招商规划、招商专案、招商图谱等；四是项目策划，发掘和策划包 装契合区域禀赋、产业趋势和投资方向的项目，助力宣传推介和精准招商对接，或策划 申报超长期国债等地方重点投资项目；五是项目评估，涵盖地方重点投资项目的风险评 ...

该报告由深企投产业研究院发布，深入剖析了2025年稀土产业链的关键信息，涵盖产业链概况、全球供应格局、中国管理格局、市场规模及功能材料市场格 局等方面。 1. 稀土产业链和产品概况：稀土包含17种金属化学元素，按性质分为轻稀土和中重稀土 ，在众多领域应用广泛，其中钕、铈、镧使用最广。稀土产业链涵 盖开采、冶炼、分离、加工等环节，最终制成功能材料用于多个行业，如永磁材料在新能源汽车、风电等领域不可或缺 。 2. 全球稀土资源和产品供应格局：全球稀土储量集中，中国储量占比48% ，且产量占全球69%，主导全球产业链，在冶炼分离环节优势显著 。但近年来美 西方推动供应链多元化，加大稀土矿开发和产能建设，试图降低对中国的依赖 。 3. 中国稀土资源管理格局：中国对稀土开采和冶炼分离实行总量控制，历经整合形成"南重北轻"的双雄格局 。相关政策不断推进，预计将使市场集中度进 一步提升，重构国际供需格局 。 抛光材料：以氧化铈为主，应用广泛，2024年产量预计增长，北方稀土占据主导地位 。 发光材：在照明、显示等领域应用，日本企业全球优势明显，中国国产化率虽有提升，但技术创新能力仍有差距，市场整体呈饱和下滑趋势 。 合金材 ...

转自：前瞻产业研究院 根据稀土元素原子电子层结构和物理化学性质，以及它们在矿物中共生情况和不同的离子半径可产生不同性 质的特征，十七种稀土元素通常分为轻稀土和中重稀土。 | સ્ત્રેજ્ર | 稀土元素 | 符号 | 主要应用终端 | | --- | --- | --- | --- | | 轻稀土 | 镇 | La | 流体催化裂化、NIHM 电池、抛光粉末、金属合金等 | | | 铜 金 | Ce | 汽车催化剂、玻璃、抛光、NIHM 电池、金属合金等 | | | 譜 | Pr | 磁体、陶瓷、金属合金等 | | | 较 | Nd | 磁铁、陶瓷、金属合金、NIHM 电池等 | | | 월드 | Pm | 便携式 X 射线设备 | | | 坛 | Sm | NIHM 电池、磁铁等 | | | 铜 | Eu | 荧光粉 | | | ही | Gd | 磁铁、荣光粉 | | | 城 | Tb | 荧光粉 | | | 铜 | Dy | 磁铁 | | | 缺 | Ho | 玻璃着色、激光 | | 中重稀土 | 報 | Er | 荧光粉 | | | 話 | Tm | 医用 X 射线单位 | | | 憶 | Yb ...

Investment Rating - The report maintains a "Strong Buy" rating for Guocera Materials [2][5] Core Views - Guocera Materials reported a steady growth in Q1 2025, achieving a revenue of 975 million yuan, a year-on-year increase of 17.94%, and a net profit of 136 million yuan, up 1.80% year-on-year [3] - The company has established a platform model in the ceramic materials industry, with six major business segments: electronic materials, catalytic materials, biomedical materials, new energy materials, precision ceramics, and digital printing [5] - The core business segments are showing robust development, with significant growth potential in electronic materials, catalytic materials, and biomedical materials [4][5] Summary by Relevant Sections Financial Performance - In Q1 2025, Guocera Materials achieved a comprehensive gross margin of 39.67%, a decrease of 2.05 percentage points year-on-year, impacting net profit growth [3] - The company forecasts net profits of 744 million, 824 million, and 925 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.75, 0.83, and 0.93 yuan [5][6] Business Segments - **Electronic Materials**: Continued recovery in MLCC dielectric powder, with successful market expansion in various specifications and applications [4] - **Catalytic Materials**: Breakthroughs in ultra-thin wall and low thermal expansion carrier technologies, meeting stringent emission standards [4] - **Biomedical Materials**: Increased R&D investment in new products, with some already applied in client settings [4] - **New Energy Materials**: Strategic positioning with high-purity alumina and other materials, launching core additives for lithium battery cathodes [4] - **Precision Ceramics**: Focus on creating a comprehensive ceramic substrate industry platform, promoting domestic substitution [4] Market Outlook - The report indicates a positive market outlook for the company's key business segments, with expectations for continued sales growth [4][5]

Investment Rating - The report maintains a "Strong Buy" rating for Guocera Materials [2][5] Core Views - Guocera Materials reported a steady growth in Q1 2025, achieving a revenue of 975 million yuan, a year-on-year increase of 17.94%, and a net profit of 136 million yuan, up 1.80% year-on-year [3] - The company has established itself as a platform company in the ceramic materials industry, with six major business segments: electronic materials, catalytic materials, biomedical materials, new energy materials, precision ceramics, and digital printing [5] - The report highlights the positive development prospects of key business segments, particularly in electronic materials and catalytic materials, with successful product development and market expansion [4][5] Summary by Sections Financial Performance - In Q1 2025, Guocera Materials achieved a comprehensive gross margin of 39.67%, a decrease of 2.05 percentage points year-on-year, impacting net profit growth [3] - The company forecasts net profits of 744 million, 824 million, and 925 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.75, 0.83, and 0.93 yuan [5][6] Business Segments - **Electronic Materials**: Continued recovery in MLCC dielectric powder and successful market expansion in electronic pastes [4] - **Catalytic Materials**: Breakthroughs in ultra-thin wall and low thermal expansion carrier technologies, meeting stringent vehicle emission standards [4] - **Biomedical Materials**: Increased R&D investment in new products, with some already applied in client settings [4] - **New Energy Materials**: Strategic positioning with high-purity alumina and barium stone, launching core materials for lithium battery additives [4] - **Precision Ceramics**: Focus on creating a comprehensive ceramic substrate industry platform, promoting domestic substitution [4] Market Outlook - The report indicates that the market capacity and industry ceiling for Guocera Materials are gradually opening up, enhancing its competitive edge [5] - The company is expected to continue increasing product sales across its key business segments [4][5]

Core Insights - The company reported a revenue of 975 million yuan for Q1 2025, representing a year-on-year growth of 17.94%, and a net profit attributable to shareholders of 136 million yuan, with a growth of 1.8% [1] Business Analysis - The electronic materials business is operating steadily, with ongoing customer collaboration in catalytic materials. Despite the impact of the Spring Festival, the company maintained stable operations, continuing to develop new products to meet high-end market demands [2] - In the catalytic sector, the company is advancing customer collaborations, particularly in the honeycomb ceramic field, where major overseas players like Corning and NGK dominate the market. The company leverages its stable domestic supply and cost-performance advantages to develop commercial and passenger vehicle clients, gradually entering a volume growth phase [2] - The biocompatible materials segment is taking shape overseas, with the precision ceramics business continuing to expand, becoming a future growth driver. The company is expanding its product range and upgrading existing products, with overseas sales channels improving and increasing overseas sales proportion [2] - The precision ceramics sector is seen as a sunrise industry, with ceramic balls gradually gaining traction alongside the 800V fast charging applications in new energy. The company has established a full industry chain layout for ceramic substrates, which will enhance product profitability and serve as a key support for mid-term business growth [2] Market Impact - The real estate sector has negatively impacted the company's building ceramics, with a 14.3% year-on-year decline in completed real estate area in China as of March. The company is expanding overseas markets and textile dyeing businesses but faces certain constraints [3] - The new energy sector remains highly competitive, with the company's alumina and other materials experiencing pressure from industry dynamics, leading to a Q1 overall gross margin of approximately 36.77%, down about three percentage points quarter-on-quarter [3] Profit Forecast - The company has lowered its 2025 revenue forecast by 15%, projecting revenues of 4.631 billion, 5.557 billion, and 6.391 billion yuan for 2025-2027, with net profits of 699 million, 870 million, and 1.03 billion yuan respectively. The corresponding EPS is expected to be 0.70, 0.87, and 1.03 yuan, with current price-to-earnings ratios of 24, 19, and 16 times [4]

Core Viewpoint - The Chinese precious metals materials industry is experiencing significant growth driven by various national and provincial policies aimed at promoting sustainable development, resource recycling, and the advancement of strategic emerging industries [1][3][11]. Policy Overview - Since the "14th Five-Year Plan," multiple policies have been implemented to enhance the development of strategic emerging industries, including precious metals materials, which are crucial for sectors like automotive, environmental protection, and biomedicine [3][11]. - The government emphasizes the importance of recycling precious metals, particularly in the context of green and low-carbon development, as outlined in the "Action Plan for Promoting Large-Scale Equipment Renewal and Consumer Goods Replacement" released in March 2024 [3][4]. National Policy Summary - A series of national policies have been introduced to support the precious metals materials industry, focusing on improving the supply chain for key materials and promoting the recycling of precious metals [3][4]. - Key policies include: - The "Standard Enhancement Action Plan" aims to optimize standards across various industries by 2027 [4]. - The "Guidance on Coordinating Energy Conservation, Carbon Reduction, and Recycling" targets a recycling volume of 450 million tons of major renewable resources by 2025 [4]. - The "14th Five-Year Plan for the Precious Metals Industry" outlines goals for increasing gold resource exploration and production [4][5]. Provincial Policy Highlights - Various provinces have established specific policies to promote the development of the precious metals materials industry: - Fujian focuses on high-purity rare metals and advanced materials [14]. - Gansu aims to leverage its platinum group metal resources to develop hydrogen energy-related materials [14]. - Guangdong and Henan have set ambitious targets for gold and silver resource development by 2025 [14][17]. - The policies across provinces emphasize the importance of recycling and resource utilization, with several regions targeting the establishment of recycling markets for precious metals [14][17]. Industry Development Goals - The precious metals materials industry is set to benefit from a robust policy framework that encourages innovation, recycling, and sustainable practices [11][17]. - By 2025, significant advancements are expected in the recycling and utilization of precious metals, with provinces like Yunnan targeting a production capacity of over 30 tons of platinum group metals [17].

证券简称：凯大催化证券代码：830974 浙江省杭州市拱墅区康桥路 7 号 101 室 杭州凯大催化金属材料股份有限公司 杭州凯大催化金属材料股份有限公司招股说明书（申报稿） 本公司的发行申请尚未经中国证监会注册。本招股说明书申报稿不具有据以发行股票的法律 效力，投资者应当以正式公告的招股说明书全文作为投资决定的依据。 本次股票发行后拟在北京证券交易所上市，该市场具有较高的投资风险。北京证券交易所主 要服务创新型中小企业，上市公司具有经营风险高、业绩不稳定、退市风险高等特点，投资者面 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 1-1-1 临较大的市场风险。投资者应充分了解北京证券交易所市场的投资风险及本公司所披露的风险因 素，审慎作出投资决定。 中国证监会和北京证券交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈利 能力、投资价值或者对投资者的收益作出实质性判断或者保证。任何与之相反的声明均属 虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发行人自行 负责；投资者自主判断发行人 ...