9月1日，上海"史上最严禁塑令"正式启动，或进一步带动可降解塑料行业景气度提升。 广发证券研报指出，2020年，国家发改委、生态环境部发布《关于进一步加强塑料污染理的意见》(新 版"禁塑令")，随着人们环保意识逐渐增强，可生物降解塑料行业也在此背景下迎来黄金发展时期。到 2025年，中国PLA和PBAT(主要是化石燃料)的年总产能预计将达到360万吨，平均复合年增长率为 65%。华创证券在研报中表明，可降解塑料的推行是长期确定性的趋势，未来可降解塑料有望开启千亿 级市场。 家联科技（301193）表示，随着国内环保政策趋严，可降解塑料制品对传统塑料的替代进程加速，为公 司创造了广阔的市场扩容空间，将积极抢抓限塑令实施所带来的市场机遇。 资料显示，家联科技是一家从事塑料制品及生物全降解制品的研发、生产与销售的高新技术企业，主要 产品包括生物全降解制品、塑料制品、植物纤维制品、纸制品四大类，其产品应用覆盖家居、快消、餐 饮、新茶饮、咖啡等领域，以及大型企业或机构、航空、家庭日用消费等各类消费场景。 家联科技指出，该公司针对限塑令已有多种环保解决方案：一是植物纤维浆产品，主要原料为甘蔗浆、 竹浆、木浆等可再生植物纤 ...

来源：新浪证券-红岸工作室 8月27日，家联科技跌6.87%，成交额1.69亿元，换手率6.07%，总市值38.26亿元。 异动分析 3D打印+可降解塑料+跨境电商+人民币贬值受益 1、2025年6月17日互动易，公司专注于PLA材料的研发与应用，并在消费级FDM材料及制品领域提前 布局并产业化。目前，公司暂未与泡泡玛特开展合作。公司生产的3D打印耗材具备广泛的应用前景， 可覆盖工业设计、教育、玩具手办、医疗等多个领域，其技术特性能够为潮流玩具制作等场景提供材料 支持。 2、宁波家联科技股份有限公司的主营业务是塑料制品、生物全降解制品及植物纤维制品的研发、生产 与销售。公司的主要产品是塑料制品、生物全降解制品、植物纤维制品、纸制品及其他。 塑料制品、 生物全降解制品及植物纤维制品的研发、生产与销售。 3、根据2022年12月9日互动易，公司为全球塑料餐饮具制造行业的领先企业，公司产品销售以外销为 主，外销区域主要分布在北美洲、欧洲及大洋洲等发达国家和地区，公司目前的主要海外客户为海内外 知名大型商超以及连锁餐饮企业，2021年公司外销占比达70.47%。同时公司也开拓了跨境电商平台的 线上市场对产品进行境外推 ...

Core Viewpoint - The company, Ningbo Jialian Technology Co., Ltd., is focused on the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a significant portion of its revenue coming from overseas sales, benefiting from the depreciation of the RMB [2][3]. Company Overview - Ningbo Jialian Technology Co., Ltd. was established on August 7, 2009, and went public on December 9, 2021. The company specializes in plastic products (74.96% of revenue), biodegradable products (12.82%), paper products and others (6.77%), and plant fiber products (5.45%) [7]. - The company is a leading player in the global plastic dining utensils manufacturing industry, with 70.47% of its sales coming from exports as of 2021, primarily to developed regions such as North America, Europe, and Oceania [2][3]. Financial Performance - For the first quarter of 2025, the company reported a revenue of 506 million yuan, representing a year-on-year growth of 1.29%. However, the net profit attributable to the parent company was a loss of 24.96 million yuan, a decrease of 157.54% year-on-year [7][8]. - The company's overseas revenue accounted for 55.43% of total revenue in the 2024 annual report, benefiting from the depreciation of the RMB [3]. Market Activity - On August 25, the company's stock price increased by 0.50%, with a trading volume of 74.49 million yuan and a turnover rate of 2.78%, bringing the total market capitalization to 3.834 billion yuan [1]. - The stock has seen a net inflow of 1.1256 million yuan from major investors today, with no significant trend in major investor positions observed [4][5]. Technical Analysis - The average trading cost of the stock is 19.07 yuan, with the current price fluctuating between resistance at 20.80 yuan and support at 18.75 yuan, indicating potential for range trading [6].

Core Viewpoint - The company, Ningbo Jialian Technology Co., Ltd., is experiencing fluctuations in stock performance and is positioned in the biodegradable plastics and 3D printing sectors, benefiting from the depreciation of the RMB and expanding its overseas market presence [2][3]. Company Overview - Ningbo Jialian Technology Co., Ltd. specializes in the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a revenue composition of 74.96% from plastic products, 12.82% from biodegradable products, 6.77% from paper products, and 5.45% from plant fiber products [7]. - The company was established on August 7, 2009, and went public on December 9, 2021 [7]. Financial Performance - For the first quarter of 2025, the company achieved a revenue of 506 million yuan, representing a year-on-year growth of 1.29%, while the net profit attributable to the parent company was -24.96 million yuan, a decrease of 157.54% year-on-year [7][8]. - The company has distributed a total of 98.4 million yuan in dividends since its A-share listing, with 74.4 million yuan distributed over the past three years [9]. Market Position and Strategy - The company is a leading player in the global plastic dining utensils manufacturing industry, with 70.47% of its sales coming from exports as of 2021, primarily targeting developed regions such as North America, Europe, and Oceania [2]. - The company is focusing on the research and application of PLA materials and has positioned itself in the consumer-grade FDM materials and products sector, with potential applications in various fields including industrial design, education, toys, and medical [2]. Stock Performance - On August 20, the company's stock fell by 3.50%, with a trading volume of 88.31 million yuan and a market capitalization of 3.915 billion yuan [1]. - The average trading cost of the stock is 18.96 yuan, and it is currently near a resistance level of 20.80 yuan, indicating potential for upward movement if this level is breached [6].

Core Viewpoint - Ningbo Jialian Technology Co., Ltd. is experiencing growth in its stock price and market activity, driven by its focus on biodegradable plastics, 3D printing, and cross-border e-commerce, benefiting from the depreciation of the RMB [1][2][3]. Company Overview - Ningbo Jialian Technology specializes in the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a revenue composition of 74.96% from plastic products, 12.82% from biodegradable products, 6.77% from paper products, and 5.45% from plant fiber products [2][7]. - The company was established on August 7, 2009, and went public on December 9, 2021 [7]. Financial Performance - For the first quarter of 2025, the company reported a revenue of 506 million yuan, representing a year-on-year growth of 1.29%, while the net profit attributable to the parent company was -24.96 million yuan, a decrease of 157.54% year-on-year [7][8]. - The company has distributed a total of 98.4 million yuan in dividends since its A-share listing, with 74.4 million yuan distributed in the last three years [9]. Market Position - The company is a leading player in the global plastic dining utensils manufacturing industry, with 70.47% of its sales coming from exports as of 2021, primarily to developed regions such as North America, Europe, and Oceania [2][3]. - As of the latest report, the overseas revenue contribution stands at 55.43%, benefiting from the depreciation of the RMB [3]. Stock Activity - On August 15, the stock price increased by 3.95%, with a trading volume of 85.8455 million yuan and a turnover rate of 3.29%, bringing the total market capitalization to 3.742 billion yuan [1]. - The stock has shown a net inflow of 3.3392 million yuan from major investors, indicating a lack of clear trend in major investor activity [4][5].

来源：新浪证券-红岸工作室 3、根据2022年12月9日互动易，公司为全球塑料餐饮具制造行业的领先企业，公司产品销售以外销为 主，外销区域主要分布在北美洲、欧洲及大洋洲等发达国家和地区，公司目前的主要海外客户为海内外 知名大型商超以及连锁餐饮企业，2021年公司外销占比达70.47%。同时公司也开拓了跨境电商平台的 线上市场对产品进行境外推广和销售。 4、根据2024年年报，公司海外营收占比为55.43%，受益于人民币贬值。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入-87.98万，占比0.02%，行业排名39/74，连续3日被主力资金减仓；所属行业主力净流入 257.56万，连续2日被主力资金增仓。 8月12日，家联科技跌1.95%，成交额5153.87万元，换手率1.99%，总市值36.66亿元。 异动分析 可降解塑料+3D打印+跨境电商+人民币贬值受益 1、宁波家联科技股份有限公司的主营业务是塑料制品、生物全降解制品及植物纤维制品的研发、生产 与销售。公司的主要产品是塑料制品、生物全降解制品、植物纤维制品、纸制品及其他。 塑料制品、 生物全 ...

Core Viewpoint - Ningbo Jialian Technology Co., Ltd. is focused on the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a significant portion of its revenue coming from overseas sales, benefiting from the depreciation of the RMB [2][3]. Company Overview - Ningbo Jialian Technology was established on August 7, 2009, and went public on December 9, 2021. The company is located in Zhenhai District, Ningbo, Zhejiang Province [7]. - The main business revenue composition includes: plastic products 74.96%, biodegradable products 12.82%, paper products and others 6.77%, and plant fiber products 5.45% [7]. Business Performance - As of March 31, the company had 5,694 shareholders, an increase of 13.93% from the previous period, with an average of 16,903 circulating shares per person, a decrease of 12.21% [7]. - For the first quarter of 2025, the company achieved operating revenue of 506 million yuan, a year-on-year increase of 1.29%, while the net profit attributable to the parent company was -24.96 million yuan, a decrease of 157.54% year-on-year [7][8]. Market Position - The company is a leading player in the global plastic dining utensils manufacturing industry, with 70.47% of its sales coming from exports as of 2021, primarily to developed regions such as North America, Europe, and Oceania [2]. - The company has also expanded its online market through cross-border e-commerce platforms for product promotion and sales [2]. Financial Analysis - The average trading cost of the stock is 18.52 yuan, with the stock price currently near a resistance level of 20.84 yuan, indicating potential for upward movement if the resistance is broken [6]. - The stock has seen a net outflow of 1.3757 million yuan today, with a continuous reduction in main funds over the past three days [4][5].

Core Viewpoint - Ningbo Jialian Technology Co., Ltd. is focused on the research, production, and sales of plastic products, biodegradable products, and plant fiber products, benefiting from the depreciation of the RMB and expanding into cross-border e-commerce [2][3]. Company Overview - Ningbo Jialian Technology was established on August 7, 2009, and listed on December 9, 2021. The company is located in Zhenhai District, Ningbo, Zhejiang Province [7]. - The main business revenue composition includes: plastic products 74.96%, biodegradable products 12.82%, paper products and others 6.77%, and plant fiber products 5.45% [7]. Financial Performance - For the period from January to March 2025, the company achieved operating revenue of 506 million, a year-on-year increase of 1.29%, while the net profit attributable to the parent company was -24.96 million, a decrease of 157.54% year-on-year [7][8]. - As of March 31, the number of shareholders was 5,694, an increase of 13.93%, while the average circulating shares per person decreased by 12.21% [7]. Market Position and Sales - The company is a leading player in the global plastic dining utensils manufacturing industry, with 70.47% of sales coming from exports in 2021, primarily to developed regions such as North America, Europe, and Oceania [2]. - As of the 2024 annual report, overseas revenue accounted for 55.43% of total revenue, benefiting from the depreciation of the RMB [3]. Product Development and Applications - The company specializes in the research and application of PLA materials, with a focus on consumer-grade FDM materials and products, which have broad application prospects in industrial design, education, toys, and medical fields [2]. - The 3D printing consumables produced by the company are positioned to support material needs in trendy toy production and other scenarios [2].

Core Viewpoint - Ningbo Jialian Technology Co., Ltd. is experiencing a decline in stock price, with a 2.00% drop on July 30, resulting in a market capitalization of 3.575 billion yuan [1] Company Overview - Ningbo Jialian Technology specializes in the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a revenue composition of 74.96% from plastic products, 12.82% from biodegradable products, 6.77% from paper products, and 5.45% from plant fiber products [7] - The company was established on August 7, 2009, and went public on December 9, 2021 [7] Business Performance - For the first quarter of 2025, the company achieved a revenue of 506 million yuan, representing a year-on-year growth of 1.29%, while the net profit attributable to shareholders was a loss of 24.96 million yuan, a decrease of 157.54% year-on-year [7][8] - As of March 31, the number of shareholders increased by 13.93% to 5,694, while the average circulating shares per person decreased by 12.21% [7] Market Position and Strategy - The company is a leading player in the global plastic dining utensils manufacturing industry, with 70.47% of its sales coming from exports, primarily to developed regions such as North America, Europe, and Oceania [2] - The company has also expanded its online market through cross-border e-commerce platforms [2] Financial Insights - The average trading cost of the stock is 18.33 yuan, with recent buying activity observed, although the strength of this accumulation is weak [6] - The stock is currently trading between a resistance level of 19.62 yuan and a support level of 17.82 yuan, indicating potential for range trading [6] Recent Developments - The company focuses on the research and application of PLA materials and has positioned itself in the consumer-grade FDM materials and products sector [2] - The company has not yet established a partnership with Pop Mart, indicating potential future collaboration opportunities [2]

Core Viewpoint - JiaLian Technology is a high-tech enterprise engaged in the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a focus on expanding its global market presence and addressing challenges related to production capacity and financial costs [1]. Performance Overview - In 2024, the company achieved a total operating revenue of 2.326 billion yuan, an increase of 35.16% year-on-year; net profit attributable to shareholders was 57 million yuan, up 25.68% year-on-year; however, the net profit excluding non-recurring gains and losses decreased by 29.91% to 12.53 million yuan [2]. - In Q1 2025, the company reported an operating revenue of 506 million yuan, a slight increase of 1.29% year-on-year; net profit attributable to shareholders was -24.96 million yuan, a decline of 157.54% year-on-year; the net profit excluding non-recurring gains and losses was -25.20 million yuan, down 355.50% year-on-year [2]. Reasons for Performance Decline - The decline in performance is attributed to several factors: the expansion of production lines in 2024 led to lower capacity utilization rates as subsidiaries were in the initial production phase, resulting in increased manufacturing and management costs; additionally, interest expenses from unconverted convertible bonds contributed to higher financial costs [3]. Impact of Tariff Policies - The uncertainty surrounding U.S. tariff policies has prompted some customers to resume shipments based on inventory levels, leading to a gradual recovery in overseas sales. The company is actively monitoring U.S. tariff developments and maintaining close communication with customers to respond to potential geopolitical changes [4]. Future Overseas Market Development - The company's globalization strategy includes acquiring a U.S. subsidiary and investing in a production base in Thailand, along with establishing localized sales teams in multiple countries. This strategy enhances the company's international competitiveness and service capabilities, allowing for more flexible responses to global macroeconomic fluctuations and changes in trade policies [5]. Construction and Capacity Planning of Thailand Factory - The first phase of the factory in Thailand, covering 100,000 square meters, has been completed and is now in production. Orders are gradually being transferred for production and shipment, with the capacity expected to meet market demand as new products are introduced [6]. Outlook for Domestic Sales - With rising market demand due to increasing temperatures, the company aims to provide high-quality products and services in the food and beverage packaging sector. The focus is on continuous product development and customized solutions, leveraging years of technical expertise and collaboration with customers to enhance core competitiveness and profitability [7].