Core Viewpoint - Kangda New Materials is expected to achieve a net profit of between 80 million to 90 million yuan for the first three quarters of 2025, marking a turnaround from losses in the previous year [1] Financial Performance - In the first half of 2025, the company reported an operating income of 2.258 billion yuan, a year-on-year increase of 65.75% [1] - The net profit attributable to shareholders was 51.17 million yuan, and the non-recurring net profit was 31.31 million yuan, both showing a turnaround from losses compared to the same period last year [1] Business Segments - The main business segments of Kangda New Materials include adhesives and specialty resin new materials, electronic information materials, and electronic technology [1] - The sales volume of adhesives and specialty resin new materials has steadily increased, driven by strong demand in the wind power industry, particularly for wind turbine blade products [2] Market Position - Kangda New Materials holds the leading market share in the domestic market for wind turbine blade structural adhesives [2] - The company has established a complete supply system for core products, including epoxy structural adhesives and epoxy infusion resins for wind turbine blades [2] Industry Outlook - The wind power industry is expected to continue supporting the performance growth of related enterprises due to favorable policies and market demand [2] - Long-term trends indicate that as wind power technology advances and the industry matures, prices may stabilize or decline, making internal management and core competitiveness crucial for profitability [2] International Expansion - Kangda New Materials is actively expanding its overseas market presence, leveraging its technical advantages in core products to gradually increase its international market share [3] - The company has achieved sales in Southeast Asia, Central Asia, and South Asia, with plans to establish offices or branches abroad as needed [3]

【DT新材料】 获悉，4月22日， 康达新材 发布公告，2025年第一季度，公司归母净利润为540.00 万元，同比增长121.78%；扣非归母净利润为266.23万元，同比增长110.07%。 | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司 股东的净利润 | 盈利: 540.00 万元 - 660.00 万元 | 亏损:2.479.35 万元 | | | 比上年同期增长:121.78% - 126.62% | | | 扣除非经常性损 益后的净利润 | 盈利:266.23 万元 - 386.23 万元 | 亏损:2,642.75 万元 | | | 比上年同期增长:110.07% - 114.61% | | | 基本每股收益 | 盈利:0.018 元/股 - 0.022 元/股 | 亏损:0.083 元/股 | 一季度内公司在 胶粘剂新材料 板块实现销量增加，特别是风电叶片系列产品业务发展趋势向好。 实现营收规模大幅增加，净利润同比扭亏为盈，同比上年一季度业绩显著回升。 同日，康达新材发布 2024年年报 ，公司2024实现营业收入31.01亿元，同比上升1 ...

Core Viewpoint - 康达新材 reported a revenue of 3.101 billion yuan for 2024, marking an 11.05% year-on-year growth, but incurred a net loss of 246 million yuan attributable to shareholders [1] Group 1: Financial Performance - The company achieved an operating income of 3.101 billion yuan in 2024, reflecting an increase of 11.05% compared to the previous year [1] - The net profit attributable to shareholders was -246 million yuan in 2024 [1] Group 2: Business Development - In the wind power blade manufacturing sector, the company maintained its leading position in the domestic market, achieving its sales targets and solidifying its market share [1] - The sales volume of wind power structural adhesives reached 40,000 tons, with the new high-performance adhesive D-2 accounting for 17% of total structural adhesive sales [1] - The sales volume of wind power epoxy infusion resin increased by over 90% year-on-year to 45,000 tons, raising its market share to 12% and placing it among the top four in the industry [1] - The company’s overseas business in wind power blades is progressing steadily, with products completing overseas factory certifications and entering the export project preparation stage [1] Group 3: Product Innovation and R&D - In the packaging sector, the polyurethane adhesive business is performing steadily, with solvent-free film adhesives sales exceeding 10,000 tons, maintaining a leading market share [2] - The company has invested 204 million yuan in R&D for 2024, accounting for 6.56% of its operating income, and has authorized 29 new patents [2] - The company’s subsidiary, Weixin Technology, established a production line for high-purity ITO targets, successfully validating production for leading OLED panel manufacturers [2] - The semiconductor materials team is focusing on the core technology development of cerium oxide (CMP) polishing liquids to achieve domestic substitution for imported materials [2] Group 4: Infrastructure and Capacity Expansion - The company is accelerating the construction of new adhesive material production capacity, with the Shaowu adhesive base in Fujian in good trial production status [2] - The Tangshan Fengnan adhesive base has completed construction and equipment installation, preparing to enter trial production [2] - The construction of the Northern R&D Center and military electronic composite materials base is progressing in an orderly manner [2][3]