Group 1: Market Development and Competitive Advantage - The company has established a comprehensive supply system for wind turbine blade materials, including structural adhesives and various resin products, with a sales volume of nearly 10,000 tons expected in 2024 [2][3]. - The company maintains a leading market share in wind structural adhesives, benefiting from early certification by the German Lloyd's Register (GL) and advanced production technology [2][3]. Group 2: Research and Development Focus - The company focuses on three core R&D areas: adhesive and specialty resin materials, electronic information materials, and electronic technology, with a 2024 R&D expenditure of 204 million yuan, accounting for 6.56% of revenue [3]. - The R&D team consists of 376 members, representing 22.97% of the total workforce, emphasizing the company's commitment to innovation and product quality [3]. Group 3: Acquisition Plans - The company is in the process of acquiring Chengdu Zhongke Huami Electronics, a high-tech enterprise specializing in reliable integrated circuit products, with ongoing audits and evaluations [4][5]. Group 4: Semiconductor Materials Strategy - The company aims to accelerate its strategic transformation towards the semiconductor industry, leveraging existing materials like CMP polishing liquids and sputtering targets to build a comprehensive industrial chain [6].

Group 1: Business Overview - The company operates in three main business segments: adhesives and specialty resins, electronic information materials, and electronic technology [2] - The adhesive segment is a major revenue source, particularly in the wind power blade materials sector, with a comprehensive supply system established [2][3] Group 2: Market Performance - In 2024, the total sales volume of wind power epoxy structural adhesives and infusion resins reached nearly 10,000 tons [2] - The company maintains a leading market share in wind power structural adhesives as of Q1 2025 [2] Group 3: International Expansion - The company is expanding its overseas market presence, with certifications completed for products under LM Windpower and GE [4] - A new adhesive materials production base is being established in Thailand to better serve international clients [4] Group 4: Subsidiary Developments - Saiying Technology focuses on microwave technology and has developed products for radar and communication systems, with a shift towards civilian applications [5] - The company’s subsidiary, Dalian Qihua, specializes in high-quality epoxy resins, with an annual production capacity of 80,000 tons planned for expansion [6] Group 5: Production Capacity and Projects - The Fujian production base has entered formal production, with capacity to be gradually released based on market conditions [6] - The Tangshan production project is in the acceptance phase, with trial operations and formal production to follow [6]

【DT新材料】 获悉，4月22日， 康达新材 发布公告，2025年第一季度，公司归母净利润为540.00 万元，同比增长121.78%；扣非归母净利润为266.23万元，同比增长110.07%。 | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司 股东的净利润 | 盈利: 540.00 万元 - 660.00 万元 | 亏损:2.479.35 万元 | | | 比上年同期增长:121.78% - 126.62% | | | 扣除非经常性损 益后的净利润 | 盈利:266.23 万元 - 386.23 万元 | 亏损:2,642.75 万元 | | | 比上年同期增长:110.07% - 114.61% | | | 基本每股收益 | 盈利:0.018 元/股 - 0.022 元/股 | 亏损:0.083 元/股 | 一季度内公司在 胶粘剂新材料 板块实现销量增加，特别是风电叶片系列产品业务发展趋势向好。 实现营收规模大幅增加，净利润同比扭亏为盈，同比上年一季度业绩显著回升。 同日，康达新材发布 2024年年报 ，公司2024实现营业收入31.01亿元，同比上升1 ...

Core Viewpoint - 康达新材 reported a revenue of 3.101 billion yuan for 2024, marking an 11.05% year-on-year growth, but incurred a net loss of 246 million yuan attributable to shareholders [1] Group 1: Financial Performance - The company achieved an operating income of 3.101 billion yuan in 2024, reflecting an increase of 11.05% compared to the previous year [1] - The net profit attributable to shareholders was -246 million yuan in 2024 [1] Group 2: Business Development - In the wind power blade manufacturing sector, the company maintained its leading position in the domestic market, achieving its sales targets and solidifying its market share [1] - The sales volume of wind power structural adhesives reached 40,000 tons, with the new high-performance adhesive D-2 accounting for 17% of total structural adhesive sales [1] - The sales volume of wind power epoxy infusion resin increased by over 90% year-on-year to 45,000 tons, raising its market share to 12% and placing it among the top four in the industry [1] - The company’s overseas business in wind power blades is progressing steadily, with products completing overseas factory certifications and entering the export project preparation stage [1] Group 3: Product Innovation and R&D - In the packaging sector, the polyurethane adhesive business is performing steadily, with solvent-free film adhesives sales exceeding 10,000 tons, maintaining a leading market share [2] - The company has invested 204 million yuan in R&D for 2024, accounting for 6.56% of its operating income, and has authorized 29 new patents [2] - The company’s subsidiary, Weixin Technology, established a production line for high-purity ITO targets, successfully validating production for leading OLED panel manufacturers [2] - The semiconductor materials team is focusing on the core technology development of cerium oxide (CMP) polishing liquids to achieve domestic substitution for imported materials [2] Group 4: Infrastructure and Capacity Expansion - The company is accelerating the construction of new adhesive material production capacity, with the Shaowu adhesive base in Fujian in good trial production status [2] - The Tangshan Fengnan adhesive base has completed construction and equipment installation, preparing to enter trial production [2] - The construction of the Northern R&D Center and military electronic composite materials base is progressing in an orderly manner [2][3]