编号：2025-08 | | 分析师会议 □特定对象调研 ☑ | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） 上海证券有限责任公司 姚翔 | | | 银华基金管理股份有限公司 刘宇尘 | | | 上银基金管理有限公司 杨东朔 | | | 观富（北京）资产管理有限公司 杨正陶 | | 活动参与人员 | 太平养老保险股份有限公司 刘兵 | | | 新华基金管理股份有限公司 赵强 | | | 中再资产管理股份有限公司 赵勇 | | | 中泰分析师 刘一哲 | | | 中泰分析师 王雪晴 | | 时间 2025 | 年 月 日 12 13 10:00-10:30 | | 地点 | 线上调研会议 | | 上市公司接待人 | 副总经理、董事会秘书：王翔宇 | | 员姓名 | | | 投资者关系活动 | 一、公司情况介绍 料及产品研发、生产和销售的企业，于 | | | 坤泰股份（股票代码：001260）是一家专注于汽车软内饰材 | | | 2023 年 2 月 16 日在深圳 ...

当很多制造企业在头疼如何提高国内市场收入占比时，山东坤泰新材料科技股份有限公司董事、总裁张 麟轩的目标就显得有些特别——他的目标是，海外市场扩张、客户的深度绑定和差异化的竞争模式， 从"中国供应商"向"全球合作伙伴"转型。 作为汽车簇绒地毯的龙头企业的坤泰，2025年，占据了国内市场一半以上的份额，全球化布局方面走出 坚实步伐：公司与法国知名汽车内饰集团签署5年合作意向，在摩洛哥设立生产线，产品成功切入全球 主流供应链。 最新的财务报表显示，2025年前三季度公司经营活动产生的现金流量净额同比大幅增长，增长 75.06%，运营效率与成本控制能力增强。 日前，《烟台日报》记者对山东坤泰新材料科技股份有限公司董事、总裁张麟轩进行了专访。 总裁打分2025—— 国内业务稳步推进，海外项目市可期 记者：请您给即将过去的2025年进行自我评估，您会给坤泰企业打多少分？ 张麟轩：如果满分是100分，我会给坤泰打90分。2025年，我们在新能源汽车市场的渗透、海外布局和 新材料研发等方面取得了实质性进展，但也面临行业竞争加剧和成本控制的挑战。 整体来看，我们在战略执行上表现稳健，国内业务稳步推进，海外项目市场可期，新获得不 ...

山东坤泰新材料科技股份有限公司 投资者关系活动记录表 证券代码：001260 证券简称：坤泰股份 编号：2025-07 | | √特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 活动参与人员 | 上海紫杰投资 投资总监：余泽平 | | | 佳许盈海私募 策略研究员：李昱澄 | | 时间 | 年 月 日 2025 12 5 9:30-11:00 | | 地点 | 公司会议室 | | 上市公司接待人 | 副总经理、董事会秘书：王翔宇 | | 员姓名 | 董秘办：刘静 | | | 一、公司情况介绍 | | | 坤泰股份（股票代码：001260）是一家专注于汽车软内饰材 | | | 料及产品研发、生产和销售的企业，于 年 月 日在深圳 2023 2 16 | | | 证券交易所挂牌上市。公司核心业务涵盖汽车软内饰的全产业 | | | 链，主营业务为汽车软内饰材料及产品的研发、生产和销售，主 | | | 要产品包括汽车簇绒地毯、汽车针刺地 ...

Company Overview - Kuntai Co., Ltd. (Stock Code: 001260) specializes in the R&D, production, and sales of automotive interior materials and products, listed on February 16, 2023, on the Shenzhen Stock Exchange [2] - The company covers the entire industry chain of automotive interior components, with main products including automotive tufted carpets and needle-punched carpets, primarily targeting the complete vehicle supply market [2] - Kuntai has established stable partnerships with brands such as BMW, Audi, Mercedes-Benz, Volvo, Hongqi, NIO, Li Auto, and Xpeng, and has set up subsidiaries in the USA, Singapore, Mexico, and Morocco to expand overseas [2] Product Details - Tufted carpets are made from fiber and are widely used in mid-to-high-end fuel vehicles and new energy vehicles, with a higher price point compared to needle-punched carpets [3] - Needle-punched carpets are made from short fibers and are commonly used in mid-to-low-end fuel vehicles and new energy vehicles [3] Production and Investment Updates - The Mexican production base has achieved small-scale production, with plans for stable operations based on customer orders to reach full-scale production soon [3] - Investments in Morocco are funded by the company's own capital, with a low asset-liability ratio and sufficient bank credit, indicating no significant financial pressure [3] - The total investment for the Moroccan production base is planned to be no more than 100 million RMB, targeting the European automotive carpet market to foster new business growth [3]

Company Overview - Shandong Kuntai New Materials Technology Co., Ltd. specializes in the R&D, production, and sales of automotive interior materials and products, listed on the Shenzhen Stock Exchange on February 16, 2023 [2][3] - The company’s core business covers the entire industry chain of automotive interior components, with main products including automotive tufted carpets and needle-punched carpets, primarily serving the complete vehicle market [2][3] Market Expansion - Kuntai has established stable partnerships with brands such as BMW, Audi, Mercedes-Benz, Volvo, Hongqi, NIO, Li Auto, and Xpeng, and is actively expanding overseas markets with subsidiaries in the USA, Singapore, and Mexico [2][3] Production Capacity and Growth - The company’s needle-punched carpet business has seen rapid growth due to favorable industry policies and increasing demand for needle-punched carpets, particularly in the context of the growing new energy vehicle market [3][4] - The production capacity for needle-punched materials is set to increase significantly with the launch of a project aimed at producing 6.75 million square meters of high-grade needle-punched materials and 15,000 tons of BCF yarn [3] International Operations - The Mexican production base has achieved small-scale production, with plans for stable operations based on customer orders, aiming for full-scale production soon [4] - A new production base in Morocco is being established to serve the European market, focusing on the development, production, and sales of automotive carpets [7] Profitability and Product Features - The company aims to improve its gross margin by focusing on core business areas, expanding market space, enhancing customer structure, increasing R&D investment, and strengthening cost control [4] - Key product features include anti-mold, antibacterial, flame retardant, low odor, low volatility, sound absorption, and recyclability, driven by a commitment to technological innovation and environmental principles [6]

Core Viewpoint - Kuntai Co., Ltd. is advancing its globalization strategy by establishing a subsidiary in Morocco with an investment of up to 100 million yuan, aiming to enhance its automotive carpet business and meet the growing demand in the European market [1][2] Group 1: Investment and Expansion - Kuntai Co., Ltd. plans to set up a production base in Morocco through its wholly-owned subsidiary, focusing on manufacturing and selling carpets, mats, and automotive interiors [1] - The investment aims to create a new growth point for the automotive carpet business and implement a global collaborative supply strategy [1] - The establishment of the Moroccan base is intended to build a production and development platform for the European market, enhancing local service networks [1] Group 2: Business Performance and Market Trends - Kuntai Co., Ltd. has seen rapid growth in its needled carpet business, driven by supportive policies and the fast development of the new energy vehicle market [2] - The company has established stable partnerships with several well-known automotive brands, actively expanding its overseas market presence [2] - The automotive industry's long-term transition towards electrification and intelligence, along with global supply chain restructuring, has led Kuntai Co., Ltd. to strengthen its global layout and technological innovation [2]

Company Overview - Shandong Kuntai New Materials Technology Co., Ltd. specializes in the R&D, production, and sales of automotive interior materials and products, listed on February 16, 2023 [2] - The company’s main products include automotive tufted carpets and needle-punched carpets, primarily serving the complete vehicle matching market [2] Market Position and Growth - The company has established stable partnerships with brands such as BMW, Audi, Mercedes-Benz, and NIO, and is actively expanding overseas with subsidiaries in the USA, Singapore, and Mexico [2] - The needle-punched carpet segment has seen rapid growth due to favorable industry policies and increasing demand for new energy vehicles [3] Production Capacity and Investment - The company’s production capacity for needle-punched carpets has significantly increased following the launch of a project to produce high-grade needle-punched materials and 15,000 tons of BCF yarn [3] - The project is expected to enhance market share in the needle-punched carpet sector [3] Future Development and Market Expansion - Kuntai plans to strengthen its domestic market while expanding its presence in overseas markets, aiming to increase global market share [3] - The company is also focusing on R&D in the fiber sector to develop products that meet customer needs, enhancing overall competitiveness and profitability [3] Joint Ventures and Strategic Partnerships - The establishment of a Sino-Japanese joint venture aims to improve collaboration with Japanese clients and expand into the Japanese market [3] - The joint venture will facilitate resource integration and joint development in areas such as fiber and automotive carpets [3]

Report Summary 1. Report Industry Investment Rating - No information provided 2. Report's Core View - No information provided 3. Summary by Relevant Catalogs 3.1.调研基本情况 - 调研对象为坤泰股份，接待时间是2025年5月15日，上市公司接待人员有董事、副总经理、财务总监耿佳辉，副总经理、董事会秘书王翔宇，证券事务代表孙兆学 [17] 3.2.详细调研机构 - 接待对象类型有投资者网上提问等，机构相关人员包括接待对象 [20] 3.3.调研机构占比 - No information provided 3.4.主要内容资料 - 墨西哥生产基地主要生产汽车簇绒地毯、汽车针刺地毯等产品 [24] - 截止目前，墨西哥生产基地已实现小批量量产，公司将根据客户订单安排稳健经营，争取早日全面量产 [24] - 2024年坤泰股份母公司实现净利润78,279,898.72元，2023年为55,459,795.81元，较去年增加22,820,102.91元，同比增长41.15% [24]

Group 1: Company Overview - The company is Shandong Kuntai New Materials Technology Co., Ltd. with stock code 001260 [1] - The investor relations activity was an earnings briefing held on May 15, 2025 [1] Group 2: Production Plans - The Mexican subsidiary is set to produce automotive tufted carpets and automotive needle-punched carpets [1] - As of now, the Mexican production base has achieved small-scale production [1] Group 3: Financial Performance - The net profit for the parent company in 2024 was ¥78,279,898.72, compared to ¥55,459,795.81 in 2023 [2] - This represents an increase of ¥22,820,102.91, which is a growth of 41.15% year-on-year [2]

Investment Rating - The report does not explicitly state an investment rating for the industry or the specific company [1]. Core Insights - The company, Kuntai Co., specializes in automotive carpet products, which are used in various parts of vehicles, including main carpets, trunk carpets, and seat backs, offering features such as mildew resistance, antibacterial properties, flame retardance, low odor, and sound absorption [18]. - The Mexican production base has completed equipment installation and is in the preparation stage for mass production [18]. - The company's products are primarily exported to countries and regions including Japan, the Middle East, New Zealand, Australia, the United States, and Europe [18]. - As of the first half of 2024, the revenue share of tufted carpets was 34.38%, while needle-punched carpets accounted for 34.85% of the company's total revenue [18]. - The company aims to deliver products economically and defect-free, focusing on high-value automotive interior materials and expanding its market presence in North America through its Mexican subsidiary [18]. Summary by Sections 1. Basic Research Information - The research was conducted on Kuntai Co. on March 11, 2025, with participation from Shanxi Securities [13]. 2. Detailed Research Institutions - The research involved personnel from Shanxi Securities [16]. 3. Research Institution Proportion - The report does not provide specific data on the proportion of research institutions involved [17]. 4. Main Content Information - The main content includes a detailed discussion on the company's product applications, production base status, export markets, revenue breakdown by product type, and future business plans [18].