人民财讯11月23日电，康达新材（002669）近日在分析师会议上表示，环氧树脂稀释剂行业新增产能或 扩产在环保与安全审批上较为严格，同时其工艺及设备装置也相对复杂。目前暂无扩产计划。 ...

编号：2025-012 | | □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 | | | 参与单位名称及 | 东方财富证券：梅宇鑫；建信基金：吴昂达；汇丰基金：王家怡 | | | 人员姓名 | 鹏华基金：杨浩；中信建投自营：彭卓栋 | | | 时间 | 2025 年 11 月 日 15:30—16:00 | 21 | | 地点 | 电话会议 | | | 上市公司接待人 | 副总经理、董事会秘书：沈一涛 | | | 员姓名 | | | | | 董事会秘书沈一涛简要介绍了公司在胶粘剂与特种树脂新材料、电子 | | | | 信息材料、电子科技等领域的布局；并对控股子公司大连齐化环氧树脂 | | | | 稀释剂产能等相关情况进行介绍。 | | | | Q1:请问公司子公司大连齐化环氧稀释剂产能如何？ | | | | A：公司控股子公司大连齐化新材料有限公司的环氧树脂稀释剂（特种 | | | | 活性稀释剂）产能为 4000 吨/年（单班） ...

Core Viewpoint - Kangda New Materials (002669) is a leading supplier of epoxy structural adhesives for wind turbine blades in China, holding the largest market share in this segment [1] Group 1: Market Position - The company is the top supplier of epoxy structural adhesives for wind turbine blades in the domestic market [1] - Kangda New Materials also leads in the domestic market share for wind epoxy infusion resin [1] Group 2: Raw Material Impact - Epoxy resin diluents are a key raw material for the company's epoxy structural adhesives and infusion resins, and fluctuations in their prices can impact the company's products [1] - The company's market share advantage in niche segments provides pricing flexibility, allowing the sales team to adjust pricing strategies in response to raw material price increases [1]

Production Capacity and Market Position - The company's subsidiary, Dalian Qihua New Materials Co., Ltd., has an epoxy resin diluent production capacity of 4,000 tons/year (single shift) [2] - The company is a leading supplier of epoxy structural adhesives and infusion resins for wind turbine blades in China, holding the largest market share in this segment [3] - The adhesive and specialty resin segment's sales volume has steadily increased in the first three quarters of 2025, significantly boosting net profit due to rising demand in the wind power sector [3] Expansion and Production Strategy - The company currently focuses on improving existing capacity utilization and product quality rather than expanding production capacity due to strict environmental and safety regulations in the epoxy diluent industry [2] - There are no current plans for capacity expansion, with an emphasis on developing high-value specialty epoxy diluents [2] Supply Chain and Pricing Strategy - The company sources raw materials for epoxy products from both internal and external suppliers, with plans to increase the internal supply ratio in the future [3] - The pricing strategy is flexible, allowing the sales team to adjust prices in response to fluctuations in raw material costs [3] Strategic Development in Electronics - The company has transitioned from a traditional chemical adhesive manufacturer to an advanced new materials R&D enterprise, focusing on high-end electronic information materials [3] - A 51% stake in Chengdu Zhongke Huayi Microelectronics Co., Ltd. has been acquired, which has developed four product lines, including microcontroller chips and integrated circuits, with a performance commitment of at least RMB 40 million in net profit for the first year [4] Semiconductor Industry Transition - The company is accelerating its strategic transformation towards the semiconductor industry, leveraging its existing materials layout to create a third growth curve [4] - The strategic layout aligns with national industrial policy directions, supporting the company's long-term development goals [4]

Core Viewpoint - Hubei Green Home Material Technology Co., Ltd. has become a global leader in the benzyl alcohol market with a market share of 38%, following its strategic relocation and investment in advanced production facilities [1][3]. Group 1: Company Development - The company invested 1.45 billion yuan to relocate to a new industrial park in Xiangtan High-tech Zone, which allowed it to eliminate outdated equipment and adopt advanced safety and environmental technologies [1][2]. - After completing the relocation in 2019, the company increased its product variety to over 20 and quadrupled its annual production capacity to over 500,000 tons, becoming the largest producer of epoxy new materials globally [1][2]. Group 2: Technological Advancements - The company has developed its own molecular distillation technology, achieving a benzyl alcohol purity of 99.99%, and has become a core supplier for international giants like BASF and Air Products [2]. - Continuous improvements in process technology have led to the development of high-end products such as epoxy resin diluents and curing agents for wind turbine blades, marking a shift from traditional chemicals to new materials [2]. Group 3: Workforce and Safety - The company retained 100% of its employees with bachelor's degrees or higher during the relocation, ensuring a strong talent pool for ongoing research and development [2]. - Significant investments in safety and environmental facilities, including a wastewater treatment system with a daily capacity of 3,000 tons, have enabled the company to achieve near-zero emissions of pollutants [2]. Group 4: Financial Performance - The company's sales revenue surged from 900 million yuan in 2017 to 2.202 billion yuan in 2023, reflecting its successful transformation and market position [3].