截至8月26日收盘，美瑞新材报17.15元，较前一交易日下跌1.15%。当日成交额1.11亿元，换手率 2.69%，总市值73.38亿元。 美瑞新材是国内聚氨酯新材料及特种化工原料生产企业，主营产品包括热塑性聚氨酯弹性体、水性聚氨 酯等，应用于消费电子、汽车制造等领域。公司是当前国内唯一以TPU为主营业务的上市公司。 风险提示：本文不构成投资建议，市场有风险，投资需谨慎。 消息面上，公司8月26日接待了北京禹田资本等10家机构调研，重点介绍了聚氨酯产业园项目进展及新 产品开发情况。此前一日披露的半年报显示，公司上半年净利润同比增长25.25%，并宣布拟向子公司 增资不超过3.5亿元以推进项目建设。 资金流向方面，8月26日主力资金净流出3006.73万元，近五日累计净流出1125.19万元。 ...

Group 1: Company Overview - The company specializes in polyurethane new materials (TPU, PUR, PUD, PBS) and functional chemical raw materials (special isocyanates, special amines) [2] - Products are widely used in various sectors including consumer electronics, automotive manufacturing, sports and leisure, high-end equipment, green energy, home life, industrial printing, and food hygiene [2] Group 2: Project Progress - The first phase of the polyurethane industrial park in Henan has successfully established a complete production process, with six products achieving qualified output [2] - The two new 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, while the other targets 30,000 tons of water-based polyurethane [4] Group 3: Market Development - The sales team is actively engaging with target customers through domestic and international exhibitions and visits, establishing a solid foundation for sales efforts [3] - The company’s self-developed foaming TPU is emerging in the footwear sector, characterized by lightweight and high rebound properties, with strong profitability and rapid sales growth [4] Group 4: Future Plans - The second phase of the Henan project will be planned after the first phase stabilizes, with timing dependent on market conditions and company operations [4]