格隆汇11月21日｜浙商证券研报指出，唯特偶是国内电子装联材料龙头企业，收入和利润稳健增长。公 司核心产品涵盖微电子焊接材料及配套辅助材料，尤其在锡膏和助焊剂两大细分赛道优势突出，产销分 列全国第一、第二。2018-2024年，公司营收从4.67亿元增长至12.12亿元，6年CAGR约17%；归母净利 润从0.41亿元增长至0.89亿元，6年CAGR约14%，收入和利润稳健增长主要系公司持续加深优质客户合 作，并不断拓展新领域、新客户。从国产替代到走向全球，电子装联材料业务有望快速增长。公司打造 可靠性材料产品矩阵，新能源和数据中心消防材料有望快速起量。公司深度受益于微电子焊接材料国产 替代，且积极开拓新型材料打造新增长曲线，综合考虑公司成长性与安全边际，首次覆盖，给予"增 持"评级。 ...

3、公司在主要业务领域的市场份额如何？定位和优势是怎 样的？ 尊敬的投资者，您好！唯特偶在国内微电子焊接材料领域居 于领先地位，特别是在锡膏和助焊剂细分领域行业地位突出。公 司依靠先进的技术实力、完备的生产工艺体系以及稳定的产品品 质逐步占据行业优势地位。与国内外众多客户建立了长期稳定的 合作关系，积累了良好的市场声誉。近年来，公司秉持多产品矩 阵战略，通过持续的"外引内研"策略，已成功实现从电子装联 材料到"电子装联+可靠性材料"双板块的跨越，构建起完整的 产品矩阵。感谢您的关注！ 4、公司的原材料供应链，锡、银等金属采购是否依赖单一 供应商，在原材料价格波动时的替代采购能力如何? 证券代码：301319 证券简称：唯特偶 投资者关系活动记录表 编号：2025-006 投资者关系 活动类别 □ 特定对象调研 □ 分析师会议 □ 媒体采访 □ 业绩沟通会 □ 新闻发布会 □ 路演活动 □ 现场参观 ☑ 其他 2025 年度深圳辖区上市公司投资者网上集体接待 日活动 参与单位名称及 人员名称 参与公司 2025 年度深圳辖区上市公司集体接待日活动的投资者 时间 2025 年 11 月 20 日 (周四) 下午 ...

Core Viewpoint - The company, Weiteou, is experiencing significant growth in the microelectronics welding materials sector, particularly in solder paste and flux, driven by strong sales and strategic expansion into reliability materials [2][3][4]. Group 1: Competitive Advantages - Weiteou holds a leading position in the domestic microelectronics welding materials market, with notable strengths in solder paste and flux segments [2]. - The company employs a dual strategy of "external introduction and internal research" to expand from a single electronic assembly materials segment to a dual focus on "electronic assembly materials + reliability materials" [2]. - Key competitive advantages include strong independent R&D capabilities, a high customer retention rate with over 4,000 cooperative clients, and enhanced scale and cost control following its IPO [2]. Group 2: Performance Growth - In the first half of 2025, Weiteou achieved a revenue of 664 million yuan, marking a year-on-year increase of 26.74%, with a gross profit increase of 9.71% [3]. - The first quarter saw revenues of 309 million yuan, up 43.17% year-on-year, while the second quarter revenues reached 355 million yuan, reflecting a 15.21% increase [3]. - The net profit attributable to shareholders was 42.18 million yuan, driven by increased product sales, particularly a 17% rise in solder paste sales compared to the previous year [3]. Group 3: Reliability Materials Expansion - The company is actively expanding its reliability materials segment through strategic resource integration and seeking quality acquisition targets [4]. - Successful product categories include electronic adhesives and conformal coatings, providing one-stop modular solutions to global clients, thereby enhancing customer loyalty and market barriers [4]. Group 4: Operational Strategy and Capacity Utilization - The company is focusing on cost control amid increased strategic investments by optimizing business processes and enhancing financial management [5]. - Collaborative efforts across departments aim to reduce costs and improve efficiency, with a stable production capacity utilization rate across major product lines [5]. Group 5: Future Plans and Opportunities - In the second half of the year, Weiteou plans to focus on strategic emerging sectors, emphasizing product high-endization, cost precision, and digital operations for sustainable growth [6]. - The company will enhance R&D investments to achieve international standards in certain products and will pursue a global strategy with localized production capabilities [6].

Company Overview - The company, Weiteou, maintains a leading position in the domestic microelectronic welding materials sector, particularly excelling in solder paste and flux categories [1][2] - It has established a comprehensive product matrix through a dual-driven strategy of "external introduction and internal research" [1][2] Core Competitive Advantages - **Technical Advantage**: The company has kept pace with industry trends for 27 years, ensuring product stability and cost control [2] - **Customer Resource Advantage**: Over 4,000 cooperative clients contribute to stable revenue due to high customer retention [2] - **Scale Advantage**: Enhanced financial strength and talent pool since going public, leading to improved R&D, production efficiency, and market pricing power [2] Financial Performance - In H1 2025, the company achieved revenue of CNY 664 million, a year-on-year increase of 26.74% [3] - Gross profit rose by CNY 9.64 million, with a growth rate of 9.71% [3] - Q1 revenue was CNY 309 million (43.17% YoY growth), while Q2 revenue reached CNY 355 million (15.21% YoY growth) [3] Revenue Growth Drivers - Revenue growth was primarily driven by a 17% increase in solder paste sales volume and rising raw material prices, which affected product pricing [4] Reliability Materials Segment - The company has expanded its business scope by integrating reliability materials into its product offerings, focusing on mechanical, anti-corrosion, and thermal technologies [5][6] Operational Strategies - The company has implemented measures to optimize business processes, enhance management capabilities, and control costs effectively [7] - Strategies include improving operational efficiency through digital management and hedging against metal price fluctuations [7] Capacity Utilization - Current production lines are operating efficiently based on customer demand, with plans to further enhance capacity utilization and operational efficiency [8] Future Plans - The company aims to focus on R&D innovation, talent supply chain, global markets, international capacity, and capital operations in H2 2025 [10] - It seeks to solidify its high-quality development framework amidst global industry adjustments [10] Domestic Substitution Progress - The company is actively increasing R&D investment to meet domestic substitution demands, achieving certain products that match international standards [11] International Expansion - The company has established a global presence with subsidiaries in regions like Hong Kong, Singapore, the USA, and Mexico, enhancing local production capabilities [12]

Financial Performance - The company's revenue for 2024 increased by 25.75% year-on-year, driven by steady sales growth across product lines and a 16.6% rise in raw material prices, which affected the sales prices of solder paste and related products [2] - The profit distribution plan for 2024 proposes a cash dividend of 8.00 CNY per 10 shares (including tax), totaling 68,022,400 CNY, along with a capital reserve increase of 4.5 shares for every 10 shares [6] Strategic Initiatives - The company is focused on enhancing gross margins through strategic investments in semiconductor and photovoltaic industries, continuous R&D, and risk management via futures hedging [1] - Future market expansion plans include a commitment to the "Six-Five Strategic Plan," targeting Southeast Asia and the Americas to increase global market share [2] Cost Control Measures - Effective cost control measures include optimizing business processes, improving financial management, and utilizing digital management to enhance operational efficiency [3] - The company aims to mitigate the impact of metal price fluctuations on gross margins through hedging strategies [3] Market Position and Competitive Advantage - The company holds a leading position in the domestic microelectronics soldering materials sector, particularly in solder paste and flux, supported by advanced technology and stable product quality [4] - A comprehensive product matrix has been established, transitioning from electronic assembly materials to reliability materials, enhancing market competitiveness [5] International Expansion - The company has established branches in six locations: Hong Kong, Singapore, Mexico, the USA, Vietnam, and Thailand, with plans for further international market development [6] - The focus is on strengthening brand presence and expanding market share globally through high-quality products and services [6] Collaboration and Partnerships - A strategic partnership with Shenzhen Youwei Gaole Technology Co., Ltd. was formed to enhance capabilities in the electronic adhesive market, with the company acquiring a 20% stake [7] - The collaboration aims to leverage both parties' strengths to expand the reliability materials sector [7] Customer Base - The company serves a diverse range of industries, including telecommunications, consumer electronics, and renewable energy, with notable clients such as Huawei, BYD, and Gree Electric [8]