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 ...

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]

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].