【DT新材料】 获悉， 12月3日， 精工科技 公告称，公司中标 湖北裕创碳纤维有限公司 的《武汉青山高性能碳纤维生产基地项目》，中标金额为7.29亿元，占公 司2024年度经审计营业收入的42.16%。 该计划建设2 条 5000吨级高性能 PAN 基碳纤维原丝生产线和 1 条3000 吨级的碳丝生产线。 若公司签订正式合同并顺利实施，将对公司未来经营业绩产生积极影响。目前公司尚未签署正式合同，最终金额和内容以正式合同为准。 资料显示， 湖北裕创碳纤维有限公司 成立于2025 年11月13日，注册资本30,0000万元，位于湖北省武汉市青山区，经营范围包括高性能纤维及复合材料制造，高 性能纤维及复合材料销售等。 该公司由5家公司合资，其中， 浙江思创新材料科技有限公司 系精功科技参股公司，公司通过全资孙公司 浙江创宇新材料科技有限公司 持股 49%；精工（武 汉）复合材料有限公司系精工科技之全资子公司（股权穿透后）；其余股东与公司不存在关联关系。精工科技副总裁倪建勋先生在湖北裕创担任董事。 此前消息，武汉青山区联合精工控股、武投控集团，与浙江思创新材料、裕大华集团、青创投资、湖北绿色化工以及精工（武汉）复材 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [7]. Core Views - The company reported a significant increase in carbon fiber precursor sales, leading to a year-on-year revenue growth of 57.5% in the first half of 2025, with a net profit increase of 13.1% [2][3]. - In Q2 2025, the company achieved a remarkable 100.4% year-on-year revenue growth, with a net profit increase of 11.4% [2]. - The company has successfully launched new projects and technologies in the carbon fiber sector, enhancing its cost efficiency and product quality [4][5]. Summary by Sections Financial Performance - For the first half of 2025, the company achieved revenues of 1.187 billion yuan and a net profit of 77 million yuan [2]. - The carbon fiber precursor and carbon fiber yarn segments generated revenues of 1.005 billion yuan and 179 million yuan, reflecting year-on-year growth of 69.6% and 11.3%, respectively [3]. - The gross margins for these segments were 16.9% and 9.4%, with changes of -4.6 and +5.5 percentage points year-on-year [3]. Project Developments - The company has made significant progress in its annual production capacity of 150,000 tons of carbon fiber precursor, which is over 80% operational [4]. - A new project for producing 30,000 tons of high-performance carbon fiber precursor is in the testing phase, aiming for market introduction [4]. - The development of a 6,000-ton carbon fiber additive project is underway, focusing on domestic production to reduce costs and enhance product quality [4]. Market Outlook and Profit Forecast - The report projects an upward revision of profit forecasts for 2025-2026, with expected net profits of 160 million yuan and 227 million yuan, representing increases of 70.17% and 42.41%, respectively [5][6]. - The company is positioned as a leading player in the domestic carbon fiber precursor market, with a strong growth trajectory anticipated [5].