Core Viewpoint - The Bio-based materials industry is a crucial pathway to achieve carbon neutrality goals and has significant market potential, becoming a global strategic focus and a key part of China's 14th Five-Year Plan [1] Group 1: Event Overview - The 11th Bio-based Conference and Exhibition (Bio-based 2026) will feature 9 major thematic forums, 9 concurrent activities, 1000 new product displays, and an innovation award ceremony, aimed at promoting green and low-carbon transformation in the industry [1] - The event will take place from May 20-22, 2026, at the Shanghai Fuyue Hotel, China [1] Group 2: Awards and Recognition - The 4th DT New Leaf Award 2026 has been launched to recognize outstanding products, technologies, solutions, and companies in the bio-based and bio-manufacturing sectors, with four award categories: Innovative Material Award, Innovative Application Award, Most Commercially Valuable Award, and Innovative Industry Solution Award [3] Group 3: Forums and Discussions - The conference will host 9 major forums covering various topics, including key chemicals and materials, bio-based CASE products, HMF-FDCA-PEF industry developments, biodegradable packaging, and bio-based materials for sportswear [7][10][12][14][15] - A special forum for international cooperation will invite leading global companies and experts to share the latest advancements in the bio-based industry [21] Group 4: Exhibition Highlights - The exhibition is expected to showcase over 1000 new products, focusing on bio-based innovative materials, packaging, 3D printing, and engineering solutions, aiming to connect industry players and promote collaboration [24] - Concurrent activities will include demand matching sessions for end brands, technical consultation meetings, and new product launches [25]

Core Viewpoint - Kingfa Technology is strategically expanding its biobased materials production capacity, focusing on a comprehensive supply chain from upstream monomers to downstream high-end applications, indicating a well-planned industrial layout [3][5][9]. Group 1: Project Announcements - Zhuhai Kingfa Biochemical Materials Co., a subsidiary of Kingfa Technology, announced the winning bid for a project to produce 60,000 tons of biobased polyester annually [2]. - The company is also constructing an integrated biobased materials project in Panjin, Liaoning, with a total investment of 7.89 billion yuan, aiming for an annual capacity of 800,000 tons [6]. Group 2: Upstream Investments - Kingfa Technology has invested heavily in upstream monomers, recognizing their critical role in the biobased materials supply chain. The company has established a production capacity of 50,000 tons of biobased succinic acid and 10,000 tons of biobased BDO, both of which are set to begin production in 2024 [5]. - The biobased succinic acid has achieved 100% biobased carbon content and has received certifications from the USDA and DIN [5]. Group 3: Midstream Product Matrix - Kingfa Technology has developed a diverse product matrix in the midstream polymerization segment, including 180,000 tons of PBAT and 30,000 tons of PLA annually, along with other biobased polyester products [9]. - The company has made significant technological advancements, becoming the first in China and the second globally to obtain ISCC PLUS certification for its LCP materials [9][12]. Group 4: Downstream Applications - The integrated layout of Kingfa Technology aims to enhance the performance advantages of downstream modified materials and expand market reach [13]. - The company has introduced the world's first 100% biobased PBS material suitable for food contact, marking a significant advancement in high-end packaging applications [14]. - In the first three quarters of 2025, Kingfa Technology reported sales of 158,000 tons of biodegradable materials, nearing full production capacity, and achieved a revenue of 49.616 billion yuan, a year-on-year increase of 22.62% [14].

关键词| 生物基大会 生物基材料作为实现双碳目标的重要路径、助力我国产业链自主可控，并拥有万亿市场潜力，已成为全球战略重点，更是我国"十五五"重点规划产 业。 浙江省全省生物基高分子材料重点实验室 、 宁波德泰中研信息科技有限公司（DT新材料） 站在关键节点，以推动行业绿色低碳转型为目标，搭建全 球交流合作平台——生物基大会暨展览（Bio-based）。 作为生物基行业盛会风向标， # 第11届生物基大会暨展览（Bio-based 2026） 布局" 9大主题论坛 + 9大同期活动 + 1000 个新品展示 + 1 场创新评选 &颁奖 "，将邀请产业化专家、行业领袖与终端品牌分享 产业趋势、前沿科技创新、创新材料与下游应用、需求与趋势、项目路演、成果转化等 关键 话题，以助推产业绿色低碳转型。 展会正在火热报名中， 诚邀您 参会、新品发布、参展、参选DT新叶奖 ，共同跨越新周期，澎湃新生机！ Bio-based 2026 会务组 2026年 5 月 20-22 日（周三-周五） 中国 · 上海富悦大酒店 朱锦研究员 ：给研究者展示新技术的平台，给生产者找到应用客户，给下游客户找到产品新方向，为政府寻找新技术， ...

关键词| 生物基大会 |包装论坛 Bio-based 202 6 #第11届生物基大会暨展览 将于5月20-22日 在中国·上海举办 # 第11届生物基大会暨展览 （Bio-based 2026）以" 10大上下游主题论坛 + 9大同期活动 + 1000 个新品展示 + 1 场创新评选颁奖 "为核心载体，邀请行 业领袖与终端品牌分享 产业趋势、前沿科技创新、生物基材料与应用、下游需求与趋势、项目路演、成果展示等 关键话题，以助推产业绿色低碳转 型。 作为Bio-based 2026的重磅应用论坛 - 第五届生物基和可降解包装论坛 将由 浙江省全省生物基高分子重点实验室 、 先进造纸与纸基材料全国重点实验 室 、 DT新材料 联合主办。 论坛将邀请生物基和可降解包材创新企业、制品和供应链企业、消费品牌商、产业化专家等行业领袖， 围绕 全球包装和环境趋向 ； 日化/食品/3C品牌 如何以"消费者为中心"构建可持续包装闭环 ； 生物基和可降解包材企业如何围绕需求创新 ； 行业上下游如何"联手"构建价值链 等关键性话题，共同 推动可持续发展、促进上下游合作。 5月 21 日, 14:00-18:00 / 5月 22 ...

Group 1 - The article highlights the continuous vitality and growth opportunities for private enterprises in China, emphasizing their ability to innovate and expand into new markets [1][4] - Anhui Laoxiangji Food Company is implementing a dual development model of "direct sales + franchising" to enhance its logistics and distribution capabilities, aiming to serve 5,000 restaurants [1] - The Henan Yinjinda Group is investing in a new project to produce 50,000 tons of functional polyester film annually, focusing on a complete closed-loop industrial chain for recycling and green production [2] Group 2 - Meituan is leveraging low-altitude economic opportunities by deploying 65 drone routes across major cities, achieving over 740,000 commercial orders, thus creating new business growth points [3] - Xpeng Motors is set to launch its global model, the P7+, in 36 countries, with a focus on adapting to local road conditions and enhancing brand recognition in Europe [4] - Private enterprises have become the main force in China's exports, with a reported import and export value of 23.52 trillion yuan in the first 11 months of 2025, reflecting a year-on-year growth of 7.1% [4] Group 3 - Many private enterprises are actively engaging in social responsibility initiatives, such as helping disabled individuals find employment and investing in local education [5][6] - The manufacturing sector's purchasing managers' index (PMI) rose to 50.1% in December 2025, indicating a positive market outlook and expansion in production activities [6] - The "14th Five-Year Plan" emphasizes the importance of supporting the private economy through legal and institutional measures to ensure fair market participation and protection of rights [6]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company plans to invest 100 million RMB in Lif Biotechnology, acquiring a 7.0175% stake, which is a strategic move to position itself in the bio-based polyester industry chain [6][7] - Lif Biotechnology is a leading manufacturer of bio-based FDCA, a key material in the "green chemistry" sector, which has the potential to replace petrochemical-based PET in the long term [6][7] - The investment is expected to create synergies with the company's existing polyester business, despite short-term challenges such as the target company's losses and industrialization risks [7] Financial Summary - The company’s projected net profits for 2025, 2026, and 2027 are 1.344 billion, 1.845 billion, and 2.234 billion RMB respectively, with corresponding P/E ratios of 12.65, 9.21, and 7.61 [8] - Revenue is expected to grow from 67.091 billion RMB in 2024 to 81.610 billion RMB in 2027, with a compound annual growth rate (CAGR) of approximately 6.5% [11] - The gross margin is projected to improve from 5.6% in 2024 to 7.5% in 2027, indicating enhanced profitability [11]

Core Viewpoint - The 10th Bio-based Industry Conference and Exhibition (Bio-based 2025) will be held from May 25-27 in Shanghai, featuring over 100 industry leaders and top experts to discuss the future of the bio-based industry [1][19]. Group 1: Event Overview - The event will consist of three main components: an industry conference, an innovation exhibition, and the New Leaf Award selection and ceremony [1]. - It is expected to attract over 1500 industry professionals, focusing on global perspectives and downstream user needs to accelerate the integration of technological and industrial innovation [1]. Group 2: Organizing Institutions - The conference is organized by the Zhejiang Provincial Key Laboratory of Bio-based Polymer Materials and Ningbo Detaizhong Research Information Technology Co., Ltd. [9]. - Co-organizers include Jilin Guoke Innovation Incubation Investment Co., Ltd. and Changchun New Materials Industry Intellectual Property Operation Service Center [10]. Group 3: Expert Advisory Team - The advisory team includes prominent figures such as Yao Xianping, Wu Tao, and Chen Guoqiang, who are leaders in their respective fields [11][12][13]. Group 4: Conference Agenda - The agenda includes various forums and specialized sessions, such as the Macro Forum on the Bio-based Industry and the Key Chemicals and Materials Innovation Technology Forum [21][23]. - Specific topics will cover advancements in bio-based materials, sustainable applications, and investment opportunities in the bio-based sector [21][71]. Group 5: Networking and Collaboration Opportunities - The event will feature strategic discussions, brand demand matching sessions, and expert consultations to facilitate collaboration between brands and bio-based material solution providers [75][77]. - Notable brands from various sectors, including textiles, automotive, and consumer goods, will participate to explore sustainable planning and bio-based material needs [85].

第十届生物基大会暨展览 Bio-based 2025 （5月25-27日，上海佘山茂御臻品之选酒店） 由 4位 院士领衔100+顶尖专家和企业高层 ，为生物基行业的下一个拾年"把脉问诊"。活动以" 行业大会、 创新展览、新叶奖评选与颁奖 " 三大板块同期进行，共设置 1场评选、5大论坛、17大专场、8大特 色对接会 ，预 计将 超过 2000+ 行业同仁出席。 向绿而行，向新而质 。第十届生物基大会立足全球视野，加速科技创新与产业创新融合发展，助力 行业上下游企业迈向新征程。 组织机构与展会信息 Bio-based 2025 01 大会主席团 宁波德泰中研信息科技有限公司（DT新材料） 协办单位 吉林省国科创新孵化投资有限公司 长春市新材料知识产权产业运营服务中心 舟山市投资促进中心 支持单位 主办单位 浙江省 生物基高分子材料重点实验室 中国合成树脂协会生物基与可降解分会 中国合成橡胶工业协会热塑性弹性体分会 生物基材料产业技术创新战略联盟 生物质产业碳中和技术创新联盟 nova institute 韩国生物塑料协会（KBPA） 大会专家顾问团 （顾问专家无先后排列顺序） 姚献平 ， 杭州市化工研究院院长、 ...

第十届生物基大会暨展览 Bio-based 2025 （5月25-27日，上海佘山茂御臻品之选酒店） 由 4位 院士领衔100+顶尖专家和企业高层 ，为生物基行业的下一个拾年"把脉问诊"。活动以" 行业大会、 创新展览、新叶奖评选与颁奖 " 三大板块同期进行，共设置 1场评选、5大论坛、17大专场、8大特 色对接会 ，预 计将 超过 2000+ 行业同仁出席。 向绿而行，向新而质 。第十届生物基大会立足全球视野，加速科技创新与产业创新融合发展，助力 行业上下游企业迈向新征程。 组织机构与展会信息 Bio-based 2025 01 大会主席团 主办单位 浙江省 生物基高分子材料重点实验室 宁波德泰中研信息科技有限公司（DT新材料） 协办单位 吉林省国科创新孵化投资有限公司 长春市新材料知识产权产业运营服务中心 舟山市投资促进中心 支持单位 中国合成树脂协会生物基与可降解分会 中国合成橡胶工业协会热塑性弹性体分会 生物基材料产业技术创新战略联盟 生物质产业碳中和技术创新联盟 nova institute 韩国生物塑料协会（KBPA） 大会专家顾问团 （顾问专家无先后排列顺序） 姚献平 ， 杭州市化工研究院院长、 ...