证券代码：300848 证券简称：美瑞新材 美瑞新材料股份有限公司 投资者关系活动记录表 编号：2025-017 5、公司今年还有其他资本开支计划吗？ 答：未来公司将综合考虑自身战略规划、市场环境、行业趋势以及实 际资金需求等多方面因素进行资金规划。公司如有相关计划，将按照相关 | | 规定及时履行信息披露义务。 | | | --- | --- | --- | | | 在本次接待过程中，公司接待人员与来访人员进行了充分的沟通与交 | | | | 流，严格遵守相关制度，没有出现重大信息泄露现象。 | | | 附件清单 | | 无 | | 日期 | 年 月 日 9 11 | 2025 | 4、公司去年简易程序定增的发泡 TPU 和水性 PUD 项目的盈利能力怎 么样？什么时候能建好？ 答：经测算，年产 1 万吨膨胀型热塑性聚氨酯弹性体项目的税后内部 收益率预计为 39.68%，税后静态投资回收期（含建设期）预计为 4.01 年； 年产 3 万吨水性聚氨酯项目的税后内部收益率预计为 38.05%，税后静态投 资回收期（含建设期）预计为 4.21 年，项目经济效益良好。上述项目已于 2024 年 12 月底开工，建设 ...

Group 1: Product Development and Applications - The company is entering mainstream industries for HDI products, including coatings, automotive paints, and industrial paints, while also focusing on polyurethane new materials as a key market for future development [2] - The company's self-developed foaming TPU is lightweight and highly elastic, primarily used in sports shoe midsoles, showing strong profitability and rapid sales growth [3] - The special amine products include PNA, PPDA, and CHDA, with applications in dye synthesis, aramid and polyimide production, and as epoxy curing agents in various fields [3] Group 2: Project Progress and Market Response - Two small-scale rapid fundraising projects commenced construction in Q4 2024, with an 18-month construction period; one project aims for an annual output of 10,000 tons of expandable thermoplastic polyurethane elastomer, and the other for 30,000 tons of water-based polyurethane [4] - The sales team has been actively promoting the Henan project through exhibitions and client visits, resulting in positive market feedback and ongoing engagement with target customers [2] Group 3: Financial Performance - The company's second-quarter performance was influenced by market demand, raw material prices, and operational factors, with specific results to be detailed in the upcoming semi-annual report [4]

Group 1: Project Progress and Development - The first phase of the polyurethane industrial park has successfully established a complete production process, with six products (HDI, PPDI, CHDI, PNA, PPDA, and CHDA) achieving qualified output and performance indicators meeting targets [3] - The annual production capacity of the new projects includes 10,000 tons of expandable thermoplastic polyurethane elastomer and 30,000 tons of water-based polyurethane, both currently in the equipment installation phase [10] - The company aims to optimize process indicators and enhance operational quality to achieve production targets [3] Group 2: Sales and Market Strategy - The sales team is actively engaging with target customers for trial samples, with positive market feedback for the new products [5] - The company’s self-developed foamed TPU is positioned for the footwear sector, characterized by lightweight and high rebound properties, indicating strong market potential [14] - The company is focusing on entering the supplier system for special isocyanates and plans to utilize some of its polyurethane products as raw materials [4] Group 3: Financial Performance and Projections - In 2024, the company expects a revenue of 1.658 billion yuan, a year-on-year increase of 12.42%, despite a projected decline in net profit by 11.70% to 77.5885 million yuan [11] - For Q1 2025, the company reported a revenue of 388 million yuan, remaining stable compared to the previous year, with a net profit increase of 47.12% to 18.1368 million yuan [11] Group 4: Talent Management and Corporate Culture - The company emphasizes talent as its primary asset, with a compensation structure linked to job performance and company goals, ensuring competitiveness in the market [8] - The company promotes a culture of planning, training, and empowering employees, aiming to enhance their capabilities and provide challenging work opportunities [8] Group 5: Future Plans and Innovations - The company plans to enhance R&D capabilities, focusing on functional chemical raw materials and new polyurethane materials to drive innovation and market expansion [9] - The second phase of the Henan project will include a hydrochloric acid recycling project, supporting the production of HDI [9]