有投资者问天奈科技，请问公司目前给韩国三星集团提供单壁碳纳米管，多壁碳纳米管吗？天奈科技在 互动平台表示，上述企业是公司客户。 ...

Core Points - The article discusses the upcoming Carbontech 2025 International Carbon Materials Conference and Exhibition, focusing on material innovation driving industrial transformation [3] - The event will showcase advancements in carbon materials across various high-end applications, including energy storage and electric vehicles [3][18] - The conference will feature multiple specialized sessions and product launches, emphasizing the latest developments in carbon materials and battery technologies [3][18][21] Event Overview - Event Name: Carbontech 2025 International Carbon Materials Conference and Exhibition [3] - Theme: Material Innovation Driving Industrial Transformation [3] - Date: December 9-11, 2025 [3] - Location: Shanghai New International Expo Center [3] Exhibition Details - Exhibition Halls: N1 for Semiconductor Carbon Materials and N2 for Energy and Equipment Carbon Materials [3] - Exhibits will include various carbon materials such as graphite, silicon-carbon, hard carbon, and carbon fibers, along with production and processing equipment [3] Conference Sessions - The New Energy Carbon Materials and Battery Conference will focus on the preparation and application of carbon materials in battery industries [3][18] - Key topics include advancements in porous carbon, silicon-carbon anodes, and new nano-carbon materials [3][18] Schedule Highlights - December 9: Opening ceremony and expert tours [23] - December 10: Sessions on solid-state battery silicon-based anodes and graphene applications [19][20] - December 11: Discussions on high-end carbon materials and their commercialization [20] Transportation Information - Various transportation options to the venue include taxis, magnetic levitation trains, and public transit [8][9][10] - The venue is accessible via multiple metro lines, ensuring convenient access for attendees [9][10] Registration Fees - Registration fees are set at ¥1200 for corporate or research representatives and ¥800 for students [37] - Payment options include bank transfer and on-site payment methods [37][38]

[Table_Title] 证券研究报告/公司动态报告 单壁产品提升盈利能力、固态电池扩大市场空间 报告摘要： [Table_Summary] 固态电池大幅提升碳纳米管市场空间。在固态电池领域，由于其对导电 剂的性能和用量要求更高，单壁碳纳米管的市场空间更为广阔。根据高 工锂电预测，目前液态电池对碳纳米管导电剂的需求约为 20-30 吨每 GWh，而半固态电池的导电剂需求将大幅提升至 70-120 吨每 GWh。如 果液态电池碳纳米管添加量以 20 吨/GWh，半固态电池碳纳米管添加量 以 70 吨/GWh，半固态电池较液态电池增长 2.5 倍。鉴于固态电池在材 料特性与结构设计上的升级，其对碳纳米管导电剂的需求大概率远超半 固态电池。国内市场方面，新能源汽车渗透率增长 50%，结合固态电池 对碳纳米管导电剂需求是液态电池上限的 4 倍，预计中国市场固态电池 中碳纳米管导电剂需求有望扩大 5 倍。海外市场方面，新能源汽车渗透 率增长约 6 倍，结合需求倍数 4，海外固态电池中碳纳米管导电剂需求 有望扩大 27 倍。综合来看，在新能源汽车市场规模持续扩张与固态电池 技术革新的双重作用下，全球固态电池中的碳纳米管 ...

Core Insights - The rapid development of the electric vehicle market and stable growth in lithium battery demand have led to an increase in China's carbon nanotube conductive paste shipments from 56,000 tons in 2019 to 145,000 tons in 2024, with a compound annual growth rate (CAGR) of 21% [4] - It is predicted that the shipment volume of carbon nanotube conductive paste will reach 310,000 tons by 2027, with a CAGR of 29% from 2025 to 2027 [4] - The trend of "fast charging" in the electric vehicle industry significantly enhances the performance of lithium batteries, and carbon nanotubes play a crucial role in this improvement [5] Market and Technology Trends - Many companies are adopting a combination of single-walled and multi-walled carbon nanotubes for batteries above 3C, with an additional 2% to 4% of single-walled carbon nanotubes added to 4C batteries to enhance fast charging performance [6] - Silicon-based anodes are emerging as a new type of anode material that aligns with the development trend of high energy density batteries, and they are more compatible with carbon nanotubes, especially single-walled carbon nanotubes [6] - The upcoming mass production of "large cylindrical" batteries and "solid-state batteries" in the next few years will increase the usage of silicon-based anodes, further driving the growth of the carbon nanotube industry [6][8] Industry Developments - The 9th International Carbon Materials Conference and Industry Exhibition will be held in Shanghai from December 9-11, 2025, showcasing numerous leading companies in the carbon nanotube sector [9] - Jiangsu Super Carbon Xianfeng Technology Co., Ltd. is focused on the industrialization and commercialization of carbon nanotube materials, currently in the pilot scale-up phase with a monthly capacity of 100 kg, aiming to expand to 15 tons/year in the first phase and 30 tons/year in the second phase [10] - Jiangsu Tianchuang New Materials Technology Co., Ltd. has achieved continuous mass production of carbon nanotube films and fibers, with an annual production capacity of several hundred thousand square meters [11] Company Highlights - Shandong Changxin Chemical Technology Co., Ltd. is the largest producer of N-Methyl-2-pyrrolidone (NMP) in China, with a CNT powder capacity of 4,800 tons/year and a conductive agent capacity of 70,000 tons/year as of the end of 2023 [12] - Shandong Carbon Peak New Materials Technology Co., Ltd. has over ten effective patents and plans to reach a production capacity of 1,000 tons/year for high-purity single-walled carbon nanotube powder by 2028 [16] - Wuhan Carbon Weng Technology Co., Ltd. is the first company in China to achieve ton-level mass production of single-walled carbon nanotubes, with plans to expand its annual capacity to 120 tons [22]

Core Viewpoint - The company has decided to pause certain projects to focus on the development of key materials for solid-state batteries and AI computing power, aiming to enhance its competitive edge in the industry [1]. Group 1: Strategic Focus - The company will concentrate on solid-state battery materials and AI computing as its two core strategic businesses [1]. - The decision to pause related projects is based on a comprehensive assessment to seize opportunities in the evolving new energy sector [1]. Group 2: Research and Development - The company plans to leverage its years of experience in the physical industry and integrate atomic-level computing technology to drive material innovation and research [1]. - Key materials under development include single-walled carbon nanotubes, silicon-carbon anodes, solid-state electrolytes, and metallic lithium anodes [1]. Group 3: Production Capacity and Market Position - The expansion of single-walled carbon nanotube production capacity is progressing smoothly, with a target of achieving 50 tons per year by Q1 2026 and 120 tons per year within the following year [1]. - The release of production capacity is expected to lower production costs, thereby enhancing profit margins and market competitiveness [1].

Core Viewpoint - Daoshi Technology (300409.SZ) is actively supplying single-walled carbon nanotubes to multiple battery cell customers and is engaged in large-scale production efforts while testing samples with well-known companies in the lithium battery sector [1] Group 1: Product Development - The company has successfully supplied single-walled carbon nanotubes to several battery cell clients and is conducting tests with various renowned enterprises in the lithium battery field [1] - The silicon-carbon anode product layout covers multiple sectors including consumer batteries, digital batteries, power batteries, and solid-state batteries, with ongoing evaluation and sample cooperation with numerous industry players [1] - Sulfide and oxide electrolytes are being tested with several leading companies, with some clients already passing the tests and providing positive feedback on performance metrics, indicating that they are at an advanced industry level [1]

Core Viewpoint - The solid-state battery industry is accelerating, leading to a significant increase in demand for single-walled carbon nanotubes (SWCNTs) as conductive agents, with companies like Tianan Technology achieving substantial output and capacity expansion in this sector [2][11]. Group 1: Market Dynamics - In 2025, Tianan Technology has already achieved a shipment of 1,500 tons of carbon nanotube slurry, with single-walled products accounting for 70% of this volume [3]. - The company expects to increase its single-walled slurry shipments to between 1,500 and 2,000 tons in Q3 2023, with a projected output capacity of 10,000 tons by 2026 [3][11]. - The market for single-walled carbon nanotubes is anticipated to reach a potential scale of $10 billion within five years, driven by their higher profitability compared to traditional products [9]. Group 2: Company Developments - Tianan Technology has established stable partnerships with domestic solid-state battery companies and has also entered international markets, collaborating with QuantumScape in the U.S. [4]. - The company is expanding its production capacity, planning to build a project with an annual output of 450 tons of single-walled carbon nanotubes, with phases set to be completed by the end of 2026 [5]. - Other companies, such as Dao Technology, are also ramping up their production capabilities, with plans to invest in new projects to produce single-walled carbon nanotubes [5][6]. Group 3: Product Innovation - Single-walled carbon nanotubes are expected to see increased usage in solid-state batteries, with their addition rates significantly higher than those of traditional multi-walled carbon nanotubes [7]. - The application of single-walled carbon nanotubes is expanding into emerging fields such as robotics and electronic devices, indicating a broader market potential [8]. - Tianan Technology is also developing a fourth-generation product that combines single-walled and multi-walled slurries, aiming for a lower price point and a target shipment of 10,000 tons by 2025 [10].

Core Insights - The company is actively advancing its solid-state battery materials technology and is making progress in research and market promotion [1] - The company has successfully supplied single-walled carbon nanotubes and silicon-carbon anodes to downstream solid-state battery manufacturers [1] - Collaborations with leading companies for solid and semi-solid electrolytes are ongoing, with some clients having passed testing and are now focusing on capacity construction to meet demand [1]

Core Viewpoint - The company has established a comprehensive layout for solid-state battery core materials, demonstrating significant technological advancements and competitive advantages in the industry [1]. Group 1: Solid-State Battery Materials - The company has developed a full material solution for solid-state batteries, including single-walled carbon nanotubes, high-nickel ternary precursors, lithium-rich manganese-based precursors, silicon-based anodes, solid electrolytes, and metallic lithium anodes [1]. - The performance of the company's single-walled carbon nanotube products is comparable to imported products in terms of purity, specific surface area, and G/D value, with superior viscosity and solid content metrics due to self-developed dispersants [1]. - The company has successfully overcome the challenge of scaling up the production of high-quality and low-cost single-walled carbon nanotubes, establishing a stable mass production technology [1]. Group 2: Silicon-Carbon Anodes - The company's new gas-phase silicon-carbon anode features a self-developed porous carbon matrix, which provides advantages such as high initial efficiency, low expansion, and long lifespan, placing it at an industry-leading level [1]. - The product layout for silicon-carbon anodes covers various fields, including consumer batteries, digital batteries, power batteries, and solid-state batteries [1]. Group 3: Solid Electrolytes - The company has achieved high ionic conductivity and good chemical compatibility with its sulfide and oxide electrolytes, which maintain high capacity and efficiency after multiple cycles, showcasing excellent rate performance and long cycle stability [1]. - Client feedback indicates that the performance metrics of the solid electrolytes are at an advanced level within the industry [1]. Group 4: Metallic Lithium Anodes - The company has innovatively adopted a slurry coating process similar to that used for lithium-ion battery anode sheets, moving away from traditional methods [1]. - This liquid-phase coating technology enables efficient production of ultra-thin lithium anodes, offering lower costs, strong adhesion to copper foil substrates, and superior electrochemical performance compared to other technologies [1].

Group 1 - The company has signed a strategic cooperation agreement with Suzhou Nengsida Electronic Technology Co., Ltd. and its affiliated company Guangdong Chiperson Technology Co., Ltd. to enhance collaboration in the field of robotic materials [2] - The collaboration will focus on the research and market development of key components required for humanoid robots, such as electronic muscles, electronic skin, and joints [2] - The company has already laid out core materials for solid-state batteries, including single-walled carbon nanotubes, high-nickel ternary precursors, lithium-rich manganese-based precursors, silicon-based anodes, solid electrolytes, and metallic lithium anodes, which have broad application prospects in the humanoid robot sector [2]