8月26日，和顺科技（301237）(301237.SZ)接受博时基金、宝盈基金、西部利得基金、高腾国际、中信 建投（601066）自营、宽行私募、广发自营、山西证券、中信证券等9家机构券商调研交流。此次交流 会在公司发布2025年中报后进行，公司方就机构券商关心的核心业务发展、行业变化判断、公司战略展 望等问题进行了深度交流。 随着技术进步和成本优化，高性能碳纤维的应用领域正在不断拓宽，已成功进入民用航空、3C数码产 品、低空飞行器、赛车等多个关键领域。公司指出，这表明碳纤维行业正经历从高端军工应用向更广泛 的民用市场的转变，为行业规模化发展提供了增量空间。 就机构较为关心的公司碳纤维项目，和顺科技表示，自2024年第三季度启动建设以来，目前已进入工程 建设及设备安装的关键阶段，整体进展顺利，各项进程均按计划有序推进。 和顺科技坚持"差异化、功能性"的经营模式，拟重点研发高附加值产品替代进口，进一步强化市场竞争 力。公司希望通过持续的技术进步和市场响应能力，构建新的增长曲线，实现长期稳健发展。 和顺科技主要产品包括有色光电基膜、透明膜及其他功能膜。2025年上半年，有色光电基膜营业收入占 比45.46%，透 ...

和顺科技分析师会议 调研日期：2025年08月26日 调研行业：塑料制品 参与调研的机构：博时基金、宝盈基金、西部利得基金、高腾国 际、中信建投自营等 | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START SHILL CARD | | | 颜的集团 | | | 例体位次数 4 | 24/40 33 | | FININ EXIAN, BENN, LEWI | | | 極力集团 | | | · 例计以上的 8 | 品机构管 23 | 构市场到断信记 / 机构调研pro小程序 DJvanbao.com 洞见研报 出品 : 机构调研pro小程 ...

证券代码：301237 证券简称：和顺科技 杭州和顺科技股份有限公司 投资者关系活动记录表 编号：2025-009 | ☐ | 特定对象调研 分析师会议 ☐ | | --- | --- | | ☐ | 媒体采访 业绩说明会 | | 投资者关系 ☐ 活动类别 | 新闻发布会 路演活动 ☐ | | ☐ | 现场参观 | | ☐ | 其他（请文字说明其他活动内容） | | 参与单位名 | 博时基金、宝盈基金、西部利得基金、高腾国际、中信建投自营、宽行 | | 称及人员姓 | 私募、广发自营、山西证券、中信证券 | | 名 | | | 时间 | 2025年8月26日 9:00-10:00 | | 地点 | 公司11楼会议室 | | 上市公司接 | 董事会秘书、财务总监 吴学友先生 | | 待人员姓名 | 碳纤维负责人 修磊先生 | | | 证券事务代表 俞晓露女士 | | | 公司于2025年8月26日召开2025年半年度报告线上业绩说明会，就投 | | | 资者关注的问题回复如下： | | 投资者关系 | 问题一、请公司介绍2025年半年度业绩？ | | 活动主要内 容介绍 | 答：2025年上半年公司营业收入2 ...

Group 1: Company Overview - The company was established in 2003 and focuses on the R&D, production, and sales of differentiated, functional biaxially stretched polyester film materials [1] - Main products include colored optoelectronic base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [1] - The company aims to expand its product series and application fields while exploring new materials, particularly in high-performance carbon fiber [1] Group 2: Key Issues - Carbon fiber products are categorized based on tensile strength and modulus, following the Japanese Toray classification and China's national standard established in 2011 [2] - The company currently adopts a strategy of optimizing existing capacity and developing differentiated, high-end products, with no plans for new capacity [2] - Future product planning for high-performance carbon fiber will be based on market dynamics and industry trends, prioritizing projects with strong profitability [2] - There are no current plans for capital operations; future financing will depend on specific project progress and funding needs [2]

Company Overview - Established in 2003, Hangzhou Heshun Technology Co., Ltd. focuses on the R&D, production, and sales of differentiated, functional biaxially oriented polyester film materials [2] - The company produces various specifications and models of polyester film products, including colored optoelectronic base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [2] - Future plans include expanding product lines and application fields while adhering to the core business philosophy of "differentiation and functionality" [2] Key Issues Addressed - **Product Competitiveness**: The company aims to enhance product competitiveness through innovation, focusing on customer core needs, and expanding into niche markets such as card games [3] - **Carbon Fiber Project**: The carbon fiber project is currently under construction, with plans for sample delivery and verification post-production [3] - **Product Planning for Carbon Fiber**: The company will monitor market dynamics and industry trends to strategically plan product development, prioritizing projects with strong profitability [3] - **Equity Incentive Plans**: The company will consider market conditions, development strategies, and shareholder interests when deciding on equity incentive plans, with timely disclosures as required [3]

Company Overview - Hangzhou Heshun Technology Co., Ltd. was established in 2003, focusing on the R&D, production, and sales of differentiated, functional biaxially oriented polyester (BOPET) films [2][3] - The company produces various specifications and models of polyester film products, including colored optoelectronic base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [2][3] - Future plans include expanding product series and application fields, with a focus on colored optoelectronic base films and other functional films [3] Key Issues - To enhance product competitiveness, the company plans to leverage product innovation, focusing on technology that meets core customer needs and expanding into niche markets such as card games [3] - The company aims to further explore new applications in thin film materials and optimize product structure through continuous innovation and iteration [3] Production Insights - The significant year-on-year growth in transparent film production in 2024 is attributed to the launch of a new 35,000-ton BOPET film production line, which initially focuses on transparent films to minimize risk and validate equipment stability [4] - This strategy allows for efficient use of idle equipment time and avoids capacity waste during product changeovers [4] Carbon Fiber Project - Carbon fiber offers advantages such as lightweight, high strength, high-temperature resistance, and corrosion resistance, making it irreplaceable in high-end manufacturing sectors requiring extreme performance [4] - The carbon fiber project commenced construction in Q3 2024 and is progressing as planned, aligning with the company's expectations [4]

Company Overview - Established in 2003, the company focuses on the R&D, production, and sales of differentiated, functional biaxially oriented polyester film materials [2] - Main products include colored optoelectronic base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [2] - The company aims to expand its product range and application fields while exploring new materials, particularly in high-performance carbon fiber [2] Carbon Fiber Project Insights - The company is currently following its established capacity plan for the high-performance carbon fiber project, with future capacity adjustments based on strategic planning and customer demand [3] - The carbon fiber project aligns with national strategies, being included in the "14th Five-Year Plan," and aims to enhance the domestic production rate of high-end new materials [3] - Construction of the carbon fiber project commenced in Q3 2024 and is progressing steadily [3] Market and Demand Analysis - High-performance carbon fiber applications are expanding into civil aviation, 3C digital products, low-altitude aircraft, and racing, providing significant market opportunities [3] - While there may be an oversupply in general-purpose products, T800 grade and above products still face unmet market demand, indicating a growing overall demand for carbon fiber [3] - The company plans to offer differentiated, functional high-performance carbon fiber products tailored to customer needs [3]

Company Overview - Established in 2003, Hangzhou Heshun Technology Co., Ltd. focuses on the R&D, production, and sales of differentiated, functional biaxially oriented polyester film materials [2] - Main products include colored optoelectronic base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [2] - The company aims to expand its product range and application fields while exploring new materials, particularly in high-performance carbon fiber [2] Carbon Fiber Project Strategy - The carbon fiber project aligns with national strategic plans, including the "14th Five-Year Plan," and is supported by government policies [3] - The project is part of the high-end new materials industry, characterized by high technical barriers, with a focus on increasing domestic production rates [3] - The project aims to optimize the company's industrial structure and enhance product value and technological content [3] Production and Market Plans - Currently, there are no expansion plans; future capacity will be aligned with business strategies and market demand [3] - The carbon fiber project commenced construction in Q3 2024, funded by a mix of raised funds and self-financing [3] - The project is in the construction phase, with market promotion and customer engagement planned post-trial production [3] Industry Outlook - The company maintains a positive outlook on the future of the consumer electronics market, driven by product upgrades, market replacements, and personalized consumer demands [3] - Continuous monitoring of industry trends and demands will guide the company's technological development and market expansion efforts [3]