Group 1 - The core viewpoint of the article is that Kangda New Materials (002669) anticipates steady growth in sales volume of adhesive and specialty resin products in the first half of 2025, which will drive an increase in net profit [1] - The demand for wind turbine blade series products is robust, primarily due to the improved prosperity of the wind power industry, serving as the main driver for the growth of the segment's business [1]

Group 1 - The company expects to turn a profit in the first half of 2025, with a performance forecast period from January 1, 2025, to June 30, 2025 [1] - The preliminary financial data for the performance forecast has been communicated with the accounting firm, and there are no significant discrepancies [1][2] Group 2 - The company's core competitiveness continues to strengthen, with steady growth in sales volume of adhesive and specialty resin products, driven by strong demand in the wind power industry [2] - The company has enhanced its profitability through resource optimization, improved asset operation efficiency, and reduced management costs [2] - Non-recurring gains are expected to be 11 million yuan, primarily from subsidiary equity disposals, government subsidies, and dividends from associated companies [2]

Business Overview - Kangda New Materials is a leading fine chemical enterprise in China, specializing in high-end adhesives and polymer new materials, with over 30 years of technological accumulation and innovation [2]. - The company maintains the largest market share in the domestic market for wind turbine blade structural adhesives [2][3]. Wind Power Sector Performance - In 2024, the sales volume of wind turbine blade epoxy structural adhesives exceeded 40,000 tons, while epoxy infusion resin sales reached 45,000 tons, showing steady growth over three consecutive years [3]. - In Q1 2025, the company continued to lead the industry in sales of wind turbine blade epoxy structural adhesives [3]. Core Competitiveness - The company has nearly 300 authorized patents and several industry standards, supported by a national enterprise technology center [4]. - It has established a strong customer base and received multiple industry honors and certifications, ensuring product quality recognition [4]. Financial Performance - In Q1 2025, the net profit attributable to shareholders reached 6.3718 million yuan, a 125.70% increase compared to the same period last year, driven by significant revenue growth and improved operational efficiency [5]. Acquisition Strategy - The company intends to acquire Chengdu Zhongke Huamei Electronics Co., Ltd., a high-tech enterprise specializing in integrated circuit products, to expand into the semiconductor integrated circuit field [6][7]. - This acquisition aims to enhance profitability and operational sustainability by integrating quality assets in the special integrated circuit design and testing sectors [7]. R&D and Product Development - The company is developing aluminum oxide targets and CMP (Chemical Mechanical Polishing) slurries for semiconductor manufacturing, with ongoing internal testing [7]. - Its subsidiary, Dalian Qihua, specializes in high-quality epoxy resin production, serving various industries including new energy and aerospace [7]. International Expansion - The establishment of a new adhesive materials production base in Thailand aims to meet overseas customer demands and enhance international business operations [8]. - The company is actively expanding its overseas market presence, particularly in Southeast Asia, Central Asia, and South Asia, leveraging its core product advantages [8].