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骏鼎达(301538):高分子改性保护材料领先企业 打造机器人“腱绳+保护套管”一体化解决方案
Xin Lang Cai Jing· 2025-10-07 10:27
Group 1 - The company, established in 2004, specializes in functional protective sleeves and monofilaments, widely used in automotive, construction machinery, rail transportation, and communication electronics sectors [1] - The products are known for their excellent temperature resistance, UV resistance, flame retardancy, and chemical corrosion resistance, providing safety protection for wiring systems and fluid pipelines [1] - The projected net profit for the company from 2025 to 2027 is 226 million, 290 million, and 364 million yuan, with current market valuations corresponding to PE ratios of 32.3, 25.2, and 20.1 times [1] Group 2 - The demand for functional protective sleeves is expected to grow due to the electrification of vehicles and the increasing requirements for protection in wiring systems and fluid pipelines [1] - The market size for functional protective sleeves in China's new energy vehicle sector is projected to reach 4.932 billion yuan in 2024 [1] - The company aims to leverage its experience in the automotive industry to expand into the robotics sector, focusing on functional protective sleeves and tendon protection components [2] Group 3 - The company's tendon protection sleeve mimics the human tendon sheath structure, addressing key issues such as lubrication, flame retardancy, heat insulation, wear resistance, and lifespan [2] - The protective sleeves for wiring systems are suitable for robotic joints and arms, ensuring reliability under long-term high-load operations [2]
骏鼎达(301538):功能性保护套管国内龙头,拓展人形机器人产品应用
CMS· 2025-09-29 13:41
Investment Rating - The report assigns a "Strong Buy" investment rating to the company [6][7]. Core Insights - The company is a leading player in the functional protective sleeve industry in China, with a diverse product range and strong technological capabilities. It is actively expanding into the humanoid robot product applications [6][12]. - The company has benefited from the growth of the new energy vehicle (NEV) sector, with significant revenue growth and plans for international expansion [6][12]. - The company is also developing products for the humanoid robotics field, leveraging its existing technology and customer relationships [6][12]. Company Overview - The company, established in 2004 and listed in 2024, specializes in the design, research, production, and sales of modified polymer protective materials, primarily functional protective sleeves and functional monofilaments [12]. - The company has established production bases in various locations, including Shenzhen, Dongguan, Suzhou, and Mexico [12]. Industry Position - The functional protective sleeve industry is experiencing growth driven by the demand from the NEV market, with the market size in China expected to reach approximately 79 billion yuan in 2024 [34]. - The company is positioned as a domestic leader in the industry, competing with multinational corporations and benefiting from lower costs and closer customer relationships [36][40]. Financial Performance - The company has shown strong financial performance, with a compound annual growth rate (CAGR) of approximately 28% in revenue and 25% in net profit from 2020 to 2024 [20][23]. - The projected revenue for 2025 is 1.1 billion yuan, with a year-on-year growth of 27% [8]. Product Applications - The company's main products, functional protective sleeves, are widely used in various sectors, including automotive, engineering machinery, rail transit, and communications electronics [15]. - The company is expanding its product applications to include humanoid robot wiring systems and components [6][12]. Competitive Advantages - The company has a strong competitive edge due to its technological capabilities, cost advantages from vertical integration, and a robust customer base [43][48]. - The company has maintained high gross and net profit margins, with gross margins around 40% and net margins above 20% from 2020 to 2024 [23].
骏鼎达股价涨5.24%,渤海汇金资管旗下1只基金重仓,持有1万股浮盈赚取4.89万元
Xin Lang Cai Jing· 2025-09-25 03:07
9月25日,骏鼎达涨5.24%,截至发稿,报98.14元/股,成交1.67亿元,换手率5.60%,总市值76.94亿 元。 资料显示,深圳市骏鼎达新材料股份有限公司位于广东省深圳市宝安区沙井街道民主西部工业园E区2 栋工业厂房,成立日期2004年9月8日,上市日期2024年3月20日,公司主营业务涉及高分子改性保护材 料的设计、研发、生产与销售。主营业务收入构成为:功能性保护套管74.34%,其他25.66%。 从基金十大重仓股角度 数据显示,渤海汇金资管旗下1只基金重仓骏鼎达。渤海汇金低碳经济一年持有期混合发起(016700) 二季度持有股数1万股,占基金净值比例为4.07%,位居第六大重仓股。根据测算,今日浮盈赚取约4.89 万元。 渤海汇金低碳经济一年持有期混合发起(016700)成立日期2022年11月29日,最新规模1307.34万。今 年以来收益50.27%,同类排名1151/8173;近一年收益79.35%,同类排名1172/8003;成立以来亏损 14%。 责任编辑:小浪快报 渤海汇金低碳经济一年持有期混合发起(016700)基金经理为滕祖光。 截至发稿,滕祖光累计任职时间11年171天,现任 ...
骏鼎达9月17日获融资买入7262.49万元,融资余额1.96亿元
Xin Lang Cai Jing· 2025-09-18 01:37
Summary of Key Points Core Viewpoint - The company, Jun Ding Da, has shown significant financial activity with a notable increase in revenue and net profit, indicating a positive growth trajectory in its operations. Financial Performance - For the first half of 2025, Jun Ding Da achieved operating revenue of 479 million yuan, representing a year-on-year growth of 31.67% [2] - The net profit attributable to shareholders for the same period was 94.58 million yuan, reflecting a year-on-year increase of 17.70% [2] Shareholder and Market Activity - As of September 10, the number of shareholders for Jun Ding Da reached 10,600, an increase of 44.07% compared to the previous period [2] - The average number of circulating shares per shareholder decreased by 30.59% to 2,934 shares [2] - On September 17, Jun Ding Da's stock price fell by 1.61%, with a trading volume of 404 million yuan [1] Financing and Margin Trading - On September 17, the financing buy-in amount for Jun Ding Da was 72.62 million yuan, while the financing repayment was 81.99 million yuan, resulting in a net financing outflow of 9.37 million yuan [1] - The total margin trading balance for Jun Ding Da as of September 17 was 196 million yuan, accounting for 6.35% of its market capitalization, which is above the 90th percentile of the past year [1] Dividend Distribution - Since its A-share listing, Jun Ding Da has distributed a total of 72.80 million yuan in dividends [3] Institutional Holdings - As of June 30, 2025, notable new institutional shareholders include Nuoan Pioneer Mixed A (320003) with 363,000 shares, and Bodao Growth Intelligent Navigation Stock A (013641) with 249,600 shares [3]
骏鼎达9月10日获融资买入5753.59万元,融资余额1.14亿元
Xin Lang Cai Jing· 2025-09-11 02:21
Core Viewpoint - On September 10, Jun Ding Da's stock rose by 5.24% with a trading volume of 556 million yuan, indicating strong market interest and activity [1]. Financing and Trading Activity - On September 10, Jun Ding Da had a financing buy-in amount of 57.54 million yuan and a financing repayment of 71.04 million yuan, resulting in a net financing outflow of 13.50 million yuan [1]. - As of September 10, the total margin balance for Jun Ding Da was 114 million yuan, which accounts for 3.99% of its circulating market value, indicating a high level of financing activity compared to the past year [1]. - The company had no short selling activity on September 10, with a short selling balance of 0.00 shares, placing it in the 90th percentile for the past year [1]. Company Overview - Jun Ding Da New Materials Co., Ltd. is located in Bao'an District, Shenzhen, Guangdong Province, and was established on September 8, 2004. It is set to be listed on March 20, 2024 [1]. - The company's main business involves the design, research and development, production, and sales of polymer modified protective materials, with functional protective sleeves accounting for 74.34% of its main business revenue [1]. Financial Performance - For the first half of 2025, Jun Ding Da achieved an operating income of 479 million yuan, representing a year-on-year growth of 31.67%, and a net profit attributable to shareholders of 94.58 million yuan, up 17.70% year-on-year [2]. - As of August 29, the number of shareholders for Jun Ding Da was 7,384, a decrease of 9.83% from the previous period, while the average circulating shares per person increased by 10.90% to 4,228 shares [2]. Dividend and Shareholding Structure - Since its A-share listing, Jun Ding Da has distributed a total of 72.80 million yuan in dividends [3]. - As of June 30, 2025, notable institutional shareholders include Nuoan Pioneer Mixed A (320003) as the fifth largest shareholder with 363,000 shares, and both Baodao Growth Zhihang Stock A (013641) and Baodao Yuanhang Mixed A (007126) as new shareholders holding 249,600 shares and 190,500 shares respectively [3].
骏鼎达:接受鸿道投资等投资者调研
Mei Ri Jing Ji Xin Wen· 2025-09-10 10:53
Group 1 - Jun Ding Da (SZ 301538) announced that on September 10, 2025, it will accept investor research from Hongdao Investment and others, with participation from the company's board members and secretary Liu Yaqin [1] - For the first half of 2025, Jun Ding Da's revenue composition shows that functional protective casing accounts for 74.34%, while other main businesses account for 25.66% [1] - As of the report date, Jun Ding Da's market capitalization is 7.2 billion yuan [2]
骏鼎达(301538) - 骏鼎达:投资者关系活动记录表(2025年9月10日)
2025-09-10 09:48
Group 1: Market Position and Competition - The company operates in a fragmented market with numerous competitors, including multinational corporations, domestic leaders, and small-scale producers [2][3] - The company has become one of the leading domestic enterprises in the polymer modified protective materials industry, with product technology and service capabilities comparable to foreign competitors [3][4] - The company's direct competitors are mainly multinational and domestic leading enterprises [3] Group 2: Product Performance and Pricing Strategy - The company's self-rolling protective sleeve has an impact resistance performance of 65J, classified as E-level, while foreign competitors have a performance of 50J [3] - The pricing strategy is determined through negotiations with downstream customers based on industry conditions, competition, and procurement scale [3] Group 3: Competitive Advantages and Barriers - Competitive advantages include technological and R&D capabilities, vertical integration, and a strong customer resource base [3][4] - Industry barriers consist of technological, qualification certification, scale, and talent barriers [3] Group 4: Raw Materials and Cost Structure - Main raw materials include PET, PA, PP, PE, and others, with material costs accounting for 65.20% of the main business costs in the first half of 2025 [3][4] - Raw material prices are influenced by fluctuations in upstream oil and copper prices [3] Group 5: Emerging Markets and Applications - The humanoid robot industry presents new application scenarios for the company's products, although current projects are still in testing and validation stages [4] - The company has established connections with well-known clients in the humanoid robot sector, but specific names cannot be disclosed due to confidentiality agreements [4] Group 6: International Expansion - The company has invested in Mexico with a total investment of $1 million, including an additional $600,000 this year [4] - Plans for further international expansion include potential investments in Morocco and Southeast Asia based on customer demand [4] Group 7: Revenue and Growth - The company's revenue from the automotive industry accounts for approximately 68%, with overall revenue growth of 31.67% year-on-year in the first half of 2025 [5] - Revenue contributions from engineering machinery and communications electronics are also growing, with respective year-on-year increases of 14% and 32% [5]
骏鼎达(301538) - 骏鼎达:投资者关系活动记录表(2025年9月3日)
2025-09-03 10:08
Company Overview - The company specializes in high-performance protective materials, with a focus on various application fields including automotive, engineering machinery, communication electronics, and rail transportation [2][3]. - In 2024, the company reported a significant revenue and net profit, with specific figures not disclosed in the document [2]. Market Competition - The market is characterized by a fragmented competitive landscape, with numerous players including multinational corporations, domestic leaders, and small-scale manufacturers [2]. - Multinational companies currently hold a major market share, posing significant competition to the company [3]. Revenue Breakdown - Revenue contributions from major application areas for the first half of 2025 are approximately: - Automotive: 68% - Engineering Machinery: 10% - Communication Electronics: 12% - Rail Transportation: 3% [3]. International Sales - The company's overseas sales accounted for about 20% of total revenue in the first half of 2025 [3]. Product Applications - The company is exploring applications in emerging fields such as humanoid robotics, with products being developed for specific components like dexterous hands and harness systems [3][4]. - Current projects are in the testing and validation phase, with some samples delivered to clients for further verification [3]. Manufacturing Bases - Manufacturing bases are strategically located in Shenzhen, Dongguan, Jiangmen, Chongqing, Wuhan, Suzhou (Kunshan), and Mexico to align with downstream customer locations [3][4]. Pricing Strategy - The company maintains a competitive pricing strategy, leveraging cost advantages while negotiating prices based on customer requirements and market conditions [3][4]. Competitive Advantages - Key competitive advantages include: - Technological and R&D capabilities - Vertical integration (e.g., in-house production of single filaments) - Comprehensive service offerings with a well-structured manufacturing base [4]. - The company is recognized as one of the few domestic firms integrated into both domestic and international supply chains for functional protective casings [4]. Future Development - The company aims to expand its product categories centered around high-performance protective materials and is considering mergers and acquisitions for growth [4]. - Plans to establish manufacturing facilities in Morocco, Vietnam, and Thailand are underway to enhance international presence and revenue [4]. Risk Awareness - The document emphasizes that forward-looking statements regarding future plans and performance do not constitute binding commitments, urging investors to remain aware of associated risks [4].
山西证券研究早观点-20250821
Shanxi Securities· 2025-08-21 00:25
Core Insights - The report highlights the strong performance of the humanoid robot materials sector, driven by the successful conclusion of the first World Humanoid Robot Games, which showcased advancements in materials for humanoid robots [6][7] - The report emphasizes the growth potential of the PEEK material market, projecting a domestic market size of 2.1 billion yuan by 2025, with a year-on-year growth of 10.53% [7] - The report provides a detailed analysis of various sectors, including agriculture, new materials, and chemicals, indicating robust growth and investment opportunities in these areas [5][9][17] Market Trends - The new materials sector index increased by 5.69%, with notable performances in industrial gases (up 8.51%) and electronic chemicals (up 6.77%) [6] - The report tracks weekly price changes in various materials, indicating stability in prices for biodegradable materials and vitamins, while some amino acids experienced slight declines [6] Company Performance - The report details the financial performance of Shengnong Development, which achieved a revenue of 8.856 billion yuan in the first half of 2025, a slight increase of 0.22%, while net profit surged by 791.93% to 910 million yuan [11] - Jun Ding Da reported a revenue of 479 million yuan in the first half of 2025, reflecting a year-on-year growth of 31.67%, with a significant contribution from the automotive sector [15] - Chenghe Technology's revenue reached 471 million yuan, marking a 13.77% increase, with a strong focus on overseas market expansion [19] Investment Recommendations - The report suggests focusing on companies involved in PEEK material production and modification, such as Zhongxin Fluorine Materials and Zhongyan Co., as well as functional protective casing manufacturers like Jun Ding Da [7] - It recommends maintaining a "Buy-B" rating for Shengnong Development, projecting net profits of 1.253 billion yuan for 2025 [11] - For Jun Ding Da, the report forecasts revenues of 1.055 billion yuan in 2025, with a strong emphasis on growth in the automotive sector [14]
骏鼎达:接受招商证券等投资者调研
Mei Ri Jing Ji Xin Wen· 2025-08-20 11:34
Core Viewpoint - Jun Ding Da (SZ 301538, closing price: 73.17 CNY) announced that on August 20, 2025, it accepted an investor survey conducted by China Merchants Securities, with participation from the company's director and board secretary Liu Yaqin, who addressed questions from investors [2] Group 1: Company Performance - For the first half of 2025, Jun Ding Da's revenue composition was as follows: functional protective casing accounted for 74.34%, while other main businesses made up 25.66% [2]