Financial Performance - The company achieved a turnaround with a net profit of 50 million CNY for the first half of 2025, compared to a loss of 55.51 million CNY in the same period last year, representing a year-on-year growth of 188.48% to 197.33% [2][3] - The sales volume of adhesive and specialty resin products steadily increased, driven by strong demand in the wind power sector, particularly for wind turbine blade products [2][3] Wind Power Sector - The company maintains the leading market share in the domestic wind turbine blade structural adhesive segment [3] - In 2024, sales of wind turbine blade epoxy structural adhesive reached over 40,000 tons, while epoxy infusion resin sales reached 45,000 tons, with consistent growth over the past three years [3] Acquisition of Chengdu Zhongke Huami Technology Co., Ltd. - The acquisition aims to expand into the semiconductor integrated circuit field, integrating high-quality assets in the special integrated circuit sector [6][7] - Post-acquisition, Zhongke Huami will be included in the company's consolidated financial statements, expected to provide new revenue and profit growth points [7] Strategic Development - The company plans to leverage its existing semiconductor materials industry to accelerate its strategic transformation towards the semiconductor integrated circuit industry [7] - The strategic layout aligns with national industrial policy and supports the company's long-term development goals [7] Electronic Specialty Resins - A new subsidiary, Kang Cheng Da Chuang (Shanghai) New Materials Co., Ltd., is being established to develop electronic-grade resins for applications in high-speed copper-clad laminates and BT substrates [7]

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].