每经AI快讯，有投资者在投资者互动平台提问：请问贵公司在薄膜反内卷过程中的进展如何？另外， 据传贵公司碳纤维已试产出产品，具体性能如何？订单情况如何？ 和顺科技（301237.SZ）12月9日在投资者互动平台表示：第一，面对行业竞争格局，公司聚焦高附加值 产品战略，已逐步缩减低毛利普通透明膜产能，自12月起重点推进高亮膜、光学涂布膜、锂电绝缘膜等 差异化功能膜生产。第二，公司碳纤维产线碳化环节正处于试车过程中，相关设备调试、参数优化及工 艺磨合工作有序开展，相关性能标准及项目进展将在达到信息披露条件后及时向市场公布。 （记者 王晓波） ...

Summary of HeShun Technology Conference Call Industry and Company Overview - **Company**: HeShun Technology - **Industry**: Carbon Fiber and Functional Films Key Points and Arguments Carbon Fiber Business - HeShun Technology's carbon fiber production is currently in the trial phase, focusing on the carbonization process, with plans to produce T1,000 grade high-performance carbon fiber after successful verification of T800 precursor materials [2][3] - The core technology team, sourced from Zhong An Xin, has upgraded existing technologies and imported European equipment to ensure product quality [4] - The company has established partnerships with military and aerospace institutions, awaiting product testing [2][6] - The expected revenue from the carbon fiber business is projected to begin in Q1 2026, with a conservative profit estimate of 1 million yuan per ton [4][16] Film Business - HeShun Technology is focusing on differentiated functional films, such as optical films and lithium battery insulation films, while planning to reduce the production of ordinary transparent films due to unprofitable pricing [2][7] - The company aims to shift towards high-margin products, including high-brightness films and coated optical films, to improve overall profit margins and cover depreciation costs [8][9] - The company anticipates achieving breakeven in 2026, with significant financial improvements expected by Q2 2026 as production lines are fully operational [10][9] Market Position and Competitive Advantage - In the lithium battery insulation film sector, HeShun Technology has established relationships with leading companies like BYD, benefiting from enhanced battery safety standards [11] - The company emphasizes product stability and consistency through multiple testing batches to meet customer requirements [6] - HeShun Technology's optical base film products are being developed in collaboration with major clients like Apple and Huawei, with new product orders expected to transition to high-brightness films by December [12] Financial Outlook - The company reported a significant improvement in its financial performance, with quarterly losses reduced to below 10 million yuan [17] - The anticipated production capacity of nearly 70,000 tons in the film business, with one production line already upgraded and another expected to be completed by early 2026, is expected to enhance profitability [10] - The overall outlook for HeShun Technology is optimistic, with expectations of substantial financial recovery and growth in 2026 [17] Additional Insights - Ordinary transparent films are currently unprofitable, primarily due to fixed costs and depreciation, with annual depreciation costs estimated at 40-50 million yuan [13] - The high-end carbon fiber market is characterized by a demand for products with a yield rate of over 70%, with HeShun Technology aiming to meet this standard through rigorous quality control [15][16]

Group 1: Market Regulation and Competition - The State Administration for Market Regulation held its fifth enterprise fair competition symposium in 2025, focusing on promoting fair competition and optimizing the business environment, engaging with foreign companies like Samsung and BMW [1] - The administration emphasized strengthening antitrust enforcement and fair competition reviews to eliminate barriers to a unified national market [1] Group 2: Intelligent Manufacturing - The 2025 World Intelligent Manufacturing Conference was held in Nanjing, where it was reported that over 7,000 advanced and 500 excellent smart factories have been established nationwide, with the total scale of the intelligent manufacturing industry exceeding 4.5 trillion yuan [2] - The Ministry of Industry and Information Technology plans to focus on intelligent manufacturing as a key direction for building a strong manufacturing nation [2] Group 3: Human Resources Development - China has established 36 national talent markets and 29 national industrial parks, enhancing the human resources service industry and creating a service system focused on employment and talent allocation [3] Group 4: 3D Printing Industry - A collaboration between Tuo Zhu Technology and Haina Technology aims to build the world's largest 3D printing factory in Shenzhen, with plans to deploy 15,000 Tuo Zhu 3D printers by Q1 2026 [4] Group 5: Nuclear Fusion Technology - A nuclear fusion technology exhibition in Beijing featured 17 companies showcasing advancements in nuclear fusion devices and components [5] Group 6: Renewable Energy Projects - The "Shagehuang" clean energy base project in Qinghai, with a total investment of nearly 73 billion yuan, has commenced construction, featuring a total power scale of 19.44 million kilowatts, with 86.4% from renewable sources [6] Group 7: Stock Market Outlook - JPMorgan has upgraded its rating for A-shares to "overweight," citing a higher probability of significant gains in the Chinese stock market next year due to multiple positive incremental drivers [7] Group 8: Company News - Various companies reported significant developments, including Anhui Construction winning projects worth 2.603 billion yuan, and Li'anlong planning a 50 million yuan investment for a 25% stake in Stofor [8]

Company Overview - Established in 2003, the company specializes in the R&D, production, and sales of differentiated, functional biaxially oriented polyester films [2] - Main products include color optical base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [2] - Future focus on expanding product series and application fields, particularly in high-performance carbon fiber projects for sustainable development [2] Carbon Fiber Business - The core production team for the carbon fiber project has extensive industry experience, ensuring advanced technology through iterative upgrades and customized imported equipment [3] - Key performance indicators (KPIs) such as product specifications, yield rates, revenue, and performance are used to assess the core team, ensuring technological implementation and competitiveness [3] Industry Strategy and Pricing - The company plans to reduce capacity for standard films and focus on high-value-added products, with a structural adjustment starting in December [4] - Ordinary transparent film prices have been slightly adjusted, but the company is currently facing a cost inversion where processing fees do not cover depreciation [4] - Commitment to avoid loss-making competition by leveraging core technology patents and certifications to build competitive barriers [4] High Brightness and Optical Base Film Progress - High brightness film has completed R&D and production line debugging, achieving significant yield improvements [5] - Imported coating equipment is ready, enabling the production of optical films, establishing a complete product chain from high brightness films to optical coated films [5] - The series is set for mass production starting in December, with confirmed orders following positive customer feedback on product performance and quality [5]