戈碧迦 20260127 摘要 戈壁滩公司在光学玻璃领域市占率领先，并在特种玻璃领域对标海外巨 头，实现国产替代。光学玻璃牌号已从成立初期的两个增加到 100 多个， 覆盖所有主流品种，纳米微晶玻璃已应用于华为昆仑等手机盖板，并开 发了多款半导体用的玻璃载板产品，通过多家知名半导体厂商验证并获 得订单。 公司计划投资不超过 10 亿元建设 6 条特种电子布纤产线，预计日产能 为 10.8 吨，主要覆盖 AI 服务器、5G/6G 通信、自动驾驶及军工航天等 高端领域，此举将有效缓解产能瓶颈，并推动整体技术转移。 公司 2020-2024 年营业总收入年均复合增长率为 20.6%，归母净利润 年均复合增长率为 18.9%。预计 2025-2027 年收入分别为 6.35 亿、 9.28 亿和 13.39 亿元，利润分别为 0.63 亿、1.2 亿和 1.91 亿元，首 次给予增持评级。 公司在光学及特种功能玻璃市场中具有显著竞争优势，包括产品种类齐 全、特种功能产品性能优异、半导体用载板竞争力强以及积极布局电子 布纤项目等。 请介绍一下戈壁滩公司的基本情况及其主要产品和市场地位。 戈壁滩公司是一家从事光学玻璃和特 ...

经营范围含光学玻璃制造；电子元器件制造；光电子器件制造；其他电子器件制造；电子产品销售；玻 璃制造；特种陶瓷制品制造；制镜及类似品加工；新材料技术研发；塑料制品制造；显示器件制造；机 械设备租赁。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 来源：市场资讯 序号股东名称持股比例1江苏锐欧光电科技有限公司100% 天眼查显示，近日，上海锐欧光学有限公司成立，法定代表人为李树龙，注册资本1000万人民币，由江 苏锐欧光电科技有限公司全资持股。 企业名称上海锐欧光学有限公司法定代表人李树龙注册资本1000万人民币国标行业制造业>计算机、通 信和其他电子设备制造业>电子器件制造地址上海市宝山区潘泾路5777弄188号3层企业类型有限责任公 司（自然人投资或控股的法人独资）营业期限2026-1-22至无固定期限登记机关宝山区市场监督管理局 ...

Group 1: Company Overview - The report focuses on Gobi Jia (920438.BJ), a leading player in high-end optical materials, which is positioned as a pioneer in advanced packaging and AI upstream core material substitution [1][5][7] - Gobi Jia has established itself as a "small giant" in the glass industry, with a stable foundation and continuous breakthroughs in specialty functional glass, achieving import substitution in multiple fields [1][6][7] Group 2: Financial Projections - Revenue projections for Gobi Jia are estimated to reach 635 million, 928 million, and 1.339 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits expected to be 63 million, 120 million, and 191 million yuan for the same years [1][7] - The report assigns a "buy" rating based on comparable company valuation averages, indicating a positive outlook for the company's financial performance [1][7] Group 3: Industry Insights - The waterproof industry, represented by Dongfang Yuhong (002271.SZ), is experiencing a market share increase due to industry recovery expectations and improved operational quality [10][11] - Dongfang Yuhong's market share has risen from 15.8% in 2019 to 22.0% in 2024, benefiting from the consolidation of market share among leading companies [10][11] - The company is prioritizing overseas expansion, with a compound annual growth rate (CAGR) of 37.0% in overseas revenue from 2020 to 2024, indicating a strong growth trajectory in international markets [11][12] Group 4: Strategic Developments - Gobi Jia is investing up to 1 billion yuan to build six production lines for specialty electronic glass fibers, targeting applications in AI servers, 5G/6G communications, and aerospace [6][7] - Dongfang Yuhong is transforming its business structure by enhancing retail channels, which accounted for 84% of revenue in the first half of 2025, and expanding product categories to drive growth [12][13]

Investment Rating - The report assigns an "Accumulate" rating to the company, Gobi Jia (920438.BJ) [5][14]. Core Insights - Gobi Jia is a leading high-tech enterprise engaged in the research, development, manufacturing, and sales of optical glass and specialty functional glass, with a focus on innovation and technology [2][18]. - The company has successfully developed various specialty glass products, including nano-microcrystalline glass, radiation-resistant glass, and high-temperature resistant glass, which are widely used in multiple applications [2][18]. - The company is positioned to benefit from the growing demand for specialty glass in the semiconductor and AI sectors, with expectations of significant revenue growth in the coming years [3][14]. Summary by Relevant Sections Company Overview - Gobi Jia has expanded its optical glass product range from 2 to over 100 varieties, covering mainstream optical glass types and extending into specialty glass products [2][3]. - The company has established a strong foothold in the specialty glass market, competing with international giants like Corning [2][12]. Market Demand and Competition - The optical glass market is experiencing robust demand driven by advancements in consumer electronics, including smartphones and tablets, which are pushing the development of nano-microcrystalline glass technology [2][44]. - The company is positioned in a competitive landscape where most domestic manufacturers focus on mid-to-low-end optical glass production, while Gobi Jia aims for high-end applications [42][44]. Financial Performance and Projections - The company is expected to achieve total revenue of 635 million, 928 million, and 1.339 billion yuan in 2025, 2026, and 2027, respectively, with net profits projected at 63 million, 120 million, and 191 million yuan [3][14]. - The report indicates a stable growth trajectory for the company, with a compound annual growth rate (CAGR) of 26.2% for total revenue from 2020 to 2024 [24]. Technological Advancements - Gobi Jia is committed to continuous technological investment, focusing on the development of specialty functional glass and optimizing production processes to enhance product quality and reduce costs [11][12]. - The company has plans to invest up to 1 billion yuan in building six production lines for specialty electronic glass fibers, targeting applications in AI servers, 5G communication, and aerospace [2][3].

Group 1 - QYResearch is recognized for its authoritative industry analysis and customized reports, frequently cited by well-known domestic and international companies, securities firms, and media [1] - The global magnesium and magnesium alloy market is projected to reach $2.48 billion by 2030, with die-casting magnesium alloys accounting for over 77% of the market share [3] - The global rigging and webbing slings market is expected to reach $2.711 billion in sales by 2024, with a projected CAGR of 5.8% from 2025 to 2031, reaching $4.023 billion by 2031 [7] Group 2 - The global wireless lavalier microphone market is anticipated to reach $2.299 billion by 2030, with a CAGR of 6.94% from 2024 to 2030 [10] - The global laser cleaning machine market is expected to grow to $720 million by 2030, maintaining a CAGR of 12.2% [11] - The global desktop robot market is currently valued in the millions, with significant growth expected [12] Group 3 - The drone industry in China is projected to exceed 210 billion yuan by mid-2025, with a year-on-year growth of 39.5% [14] - The global insulin pen needle market is expected to see sales of 662 million, 753 million, and 1.175 billion units from 2022 to 2024, with market shares of 7.52%, 7.98%, and 11.78% respectively [15] - The global capacitive pen market is expected to have a market share of approximately 8.5% in 2024, ranking just behind Apple [17] Group 4 - The global maltitol market is projected to grow from $255 million in 2024 to $396 million by 2031, with a CAGR of 6.6% [22] - The global metal cutting tools market is expected to reach $43.3 billion by 2029, with China's market size reaching 53.8 billion yuan in 2023, a year-on-year growth of 5.12% [25] - The global zirconium oxychloride market is projected to reach $750 million by 2030 [26] Group 5 - The global 5G L-PAMiF module market is expected to grow from $1.633 billion in 2024 to $2.753 billion by 2031, with a CAGR of 7.3% [27] - The global hotel cleaning services market is expected to grow significantly, with small and medium enterprises facing pressure from rising costs [29] - The global laminated insulating film market is projected to grow from $471 million in 2023 to $685 million by 2029, with a CAGR of 6.5% [31] Group 6 - The global plant extract market is expected to grow from $42.245 billion in 2024 to $79.449 billion by 2031, with a CAGR of 9.24% [33] - The global household water purifier market is projected to reach $40.49 billion by 2031, with a CAGR of 6.4% [55] - The global blood products market is expected to reach $50.8 billion by 2030, with a CAGR of 7.6% from 2024 to 2030 [56]

Core Viewpoint - Delixi Co., Ltd. plans to issue shares to Yiyuan Aviation for a maximum of 885 million yuan, leading to a change in control of the company [4][5][19]. Group 1: Share Issuance Details - The share issuance will involve up to 118 million shares at a price of 7.53 yuan per share, raising no more than 885 million yuan for working capital or bank loan repayment [5][9]. - The issuance will change the controlling shareholder from Shi Weidong to Yiyuan Aviation, with the actual controllers becoming Wang Tianzhong and Xu Qinghua [7][19]. Group 2: Business Strategy and Future Plans - Yiyuan Aviation aims to leverage its core technologies and resources in high-end equipment manufacturing to expand Delixi's business boundaries and enhance its operational capabilities [4][19]. - The company has been facing operational losses since 2022 and is seeking new opportunities through this change in control [15][16]. Group 3: Financial Implications - The issuance is expected to improve the company's capital strength, reduce the debt-to-asset ratio, and enhance its position in the industry [24]. - Following the issuance, the total assets and net assets of Delixi will increase, contributing to a stronger financial foundation [24].

Core Viewpoint - A new eyewear store named Nanchong Peideshuang has been established, focusing on various optical products and services, indicating growth in the optical retail sector in Nanchong [1] Company Summary - The store is a sole proprietorship with a registered capital of 50,000 RMB [1] - The legal representative of the store is Shao Junwen [1] Business Scope - The business scope includes general projects such as eyewear sales (excluding contact lenses), eyewear manufacturing, optical instrument sales, and optical glass sales [1] - It also covers the sale of medical devices (both Class I and Class II), daily necessities, internet sales (excluding licensed goods), wearable smart devices, cosmetics, health consulting services (excluding diagnostic services), and pre-packaged food sales [1] - The store is authorized to operate Class III medical devices and retail pharmaceuticals, subject to approval from relevant authorities [1]

Core Viewpoint - Jiangxi Suian Vision Intelligent Technology Co., Ltd. has been established with a registered capital of 2 million RMB, focusing on various manufacturing and sales activities in the security and optical equipment sectors [1] Company Overview - The legal representative of the company is Zheng Ronghui [1] - The registered capital of the company is 2 million RMB [1] Business Scope - The company is engaged in the manufacturing of security equipment, optical instruments, optical glass, and molds [1] - It also involves in technology import and export, goods import and export, and sales of optical instruments, optoelectronic devices, molds, optical glass, and various electronic components [1] - The company provides technical services, development, consulting, exchange, transfer, and promotion, except for projects that require approval [1]

天眼查App显示，近日，秦皇岛天晶科技有限公司成立，法定代表人为李少华，注册资本5万人民币， 经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;新材料技术 推广服务;光学玻璃销售;玻璃纤维及制品销售;日用玻璃制品销售;功能玻璃和新型光学材料销售;玻璃纤 维增强塑料制品销售;金属工具销售;玻璃仪器销售;机械设备销售;日用陶瓷制品销售;电子元器件零售;电 子产品销售;太阳能发电技术服务;信息技术咨询服务（除依法须经批准的项目外，凭营业执照依法自主 开展经营活动）。 ...

Core Viewpoint - A new company, Xingtai Wenting Glass Products Co., Ltd., has been established with a registered capital of 10,000 RMB, focusing on various glass manufacturing and sales activities [1] Company Overview - The legal representative of the company is Wang Yang [1] - The registered capital is 10,000 RMB [1] Business Scope - The company engages in the manufacturing of technical glass products, glass, optical glass, and ordinary glass containers [1] - It also involves the sales of glass instruments, optical glass, technical glass products, glass fiber and products, and daily glass products [1] - Additional activities include the sale of building materials, metal materials, and wholesale and retail of hardware products [1] - The company provides technical services, development, consulting, exchange, transfer, and promotion, operating independently within the scope of its business license [1]