Core Viewpoint - The Yulin High-tech Zone is experiencing significant development in high-end, diversified, and low-carbon industries, with multiple projects underway that enhance its industrial capabilities and attract investment [1][4][10]. Project Developments - The China Coal Yulin Coal Deep Processing Base project is actively under construction, employing over 6,000 workers and 1,000 large construction machines across more than 3,000 acres [1]. - The 50,000 tons/year ultra-high molecular weight polyethylene resin project by China Chemical West New Materials Co. is the largest of its kind in the western region, utilizing self-developed technology [2]. - The first domestic direct utilization of carbon dioxide ethylene coupling carbonyl integration project by Shaanxi Xinseng Green Energy New Materials Co. aims to produce 100,000 tons of propanal, propanol, and propyl acetate annually [2]. Industrial Cluster Formation - Yulin High-tech Zone has established a large-scale coal chemical industry cluster with an annual production capacity of 4.8 million tons of basic chemicals, supported by key projects like the 1 million tons/year coal indirect liquefaction demonstration project [2][3]. - The region is focusing on developing fine chemicals and new materials, aiming to create an integrated development model that enhances vertical and horizontal collaboration among industries [2]. Economic Performance - In the first half of the year, the Yulin High-tech Zone achieved an operating income of 86.9 billion yuan and an industrial output value of 49 billion yuan, reflecting year-on-year growth of 2.23% and 19.5%, respectively [4]. - The zone plans to invest 9.1 billion yuan in 108 key projects by 2025, with a fixed asset investment of 13.4 billion yuan completed in the first half of the year, marking a 17.6% increase year-on-year [4]. Investment Attraction - The Yulin High-tech Zone successfully signed 41 projects during the Silk Road International Expo, attracting 21.778 billion yuan in investment across various sectors including fine chemicals and new materials [5][6]. - The zone has implemented a targeted investment strategy, leveraging leading enterprises to attract upstream and downstream projects, with a total investment of 6.9 billion yuan for various projects [6]. Technological Innovation - The Yulin High-tech Zone has established a comprehensive service team to facilitate project implementation, significantly reducing the time from project initiation to completion [10]. - The region has introduced policies to support technological innovation, with 57 technology contracts registered and a total transaction value of 100 million yuan in the first half of the year [10][11]. Low-Carbon Initiatives - Yulin High-tech Zone is recognized as a low-carbon pilot area, focusing on hydrogen energy development and integrating green hydrogen into its coal chemical processes [16][20]. - The zone aims to reduce carbon emissions significantly, with a target of 4.32 tons of CO2 per 10,000 yuan of GDP by 2024, a 34.35% decrease from 2020 levels [20].

Investment Rating - The report does not explicitly provide an investment rating for the new materials industry Core Insights - The new materials industry is witnessing significant advancements, with companies like Guoneng New Materials successfully testing their controllable cross-linked polyethylene project, marking a step towards industrial production [1] - The industry is also seeing substantial investment activity, as evidenced by Xinchuan New Materials completing a multi-hundred million yuan Series B financing round, indicating strong investor confidence in innovative materials [1][2] Summary by Sections Industry Development Dynamics - Guoneng New Materials has successfully completed the trial run of its controllable cross-linked polyethylene project, which has an annual production capacity of 11,000 tons, signaling the project's readiness for production [1] - China Chemical Western's 50,000-ton ultra-high molecular weight polyethylene resin project has completed its mid-term acceptance and is set to enter production soon, with a total investment of 830 million yuan [1] Investment and Financing Dynamics - Xinchuan New Materials has raised several hundred million yuan in its Series B financing round, led by Quzhou Industrial Investment, with participation from existing shareholders and other investors [1] - Dehu Coating has completed a multi-million yuan financing round aimed at advancing research and production of perovskite materials, which are critical for the semiconductor and flat panel display sectors [2] Secondary Market Dynamics - The Wande New Materials Index rose by 1.98% during the week of June 3 to June 6, 2025, outperforming the Shanghai and Shenzhen 300 Index, which increased by 0.88% [4]

Investment Rating - The report does not explicitly provide an investment rating for the new materials industry Core Insights - The new materials industry is witnessing significant advancements, with companies like Guoneng New Materials successfully testing their controllable cross-linked polyethylene project, marking a step towards industrial production [1] - The industry is also seeing substantial financing activities, such as Xinchuan New Materials completing a multi-hundred million yuan Series B financing round, indicating strong investor interest and confidence in innovative material technologies [1][2] Industry Development Dynamics - Guoneng New Materials has completed the trial run of a new functional materials production facility with an annual capacity of 11,000 tons, indicating progress in the commercialization of new materials [1] - China National Chemical's Western New Materials has successfully completed the mid-term acceptance of a 50,000-ton ultra-high molecular weight polyethylene resin project, which is set to become the first large-scale production base in Northwest China [1] - The project has a total investment of 830 million yuan and is expected to commence production by August 2025 [1] Investment and Financing Dynamics - Xinchuan New Materials has raised several hundred million yuan in Series B financing, led by Quzhou Industrial Investment, with participation from existing shareholders and other investors [1] - The company is focused on the research and industrialization of new polyolefin elastomers, with plans to construct a 30,000-ton production facility in Zhejiang [1] - Dehu Coating has also completed a multi-million yuan financing round to enhance its research and development in perovskite materials, aiming to accelerate the commercialization of high-efficiency perovskite batteries [2] Secondary Market Dynamics - The Wande New Materials Index increased by 1.98% during the week of June 3 to June 6, 2025, outperforming the CSI 300 Index, which rose by 0.88% [4]

点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 写在前面 （文末有惊喜） 国产化率显著提升，成本及效率持续优化。 超高分子量聚乙烯树脂最早由德国Hoechst 公司在1958 年将其商业化，荷兰DSM 公司在20 世纪70 年代将纤维产业化。 虽然性能优异，但高昂的成本限制其市场空间。中国北京助剂二厂在1994 年首次实现万吨级产线投产，1999 年东华大学实现超高分子量聚乙烯纤维的产业化合 成。至此，中国企业开始持续投入超高分子量聚乙烯行业。近年来，随着锂电池隔膜需求显著增长，国内超高分子量聚乙烯树脂产能快速释放，截至目前，国内超 高分子量聚乙烯在产产能合计约为27 万吨/年，在建产能32 万吨，另有约48 万吨/年拟新建产能。 国内企业内卷的结果是生产成本的快速下降以及生产效率的快速 提升 。超高分子量聚乙烯树脂的单价从2017 年的1.59 万元/吨下降至2023 年的1.39 万元/吨，超高分子量聚乙烯纤维的单价从2017 年的10.44 万元/吨下降至2023年的 8.11 万元/吨。 纤维环节具有更高的技术壁垒与资金壁垒，因而产品附加值更高。 超高分 ...