格隆汇9月5日丨璞泰来(603659.SH)在投资者互动平台表示，公司研发的适用固态电池硫化物体系的高 强、高延伸合金箔，超强箔、网状打孔铜箔等创新产品已开发出样，进入客户评估中。公司硅碳负极和 固态电池自动化装备亦可适用硫化物体系，具体详见公司《2025年半年度报告》第三节固态电池部分。 ...

Investment Rating - The report maintains a "Buy" rating for the company [4][6]. Core Views - The company's performance in the first half of 2025 met expectations, with revenue of 7.09 billion and a year-on-year increase of 11.9%. The net profit attributable to shareholders was 1.06 billion, up 23.0% year-on-year [1]. - The negative electrode segment is expected to see both volume and profit growth due to the release of advanced capacity and high-quality new products [2]. - The company achieved a significant increase in the sales volume of coated separators, maintaining a leading market share [3]. - Active research and development of new technologies are establishing the company's differentiated product advantages [4]. Financial Performance - In the first half of 2025, the company reported a gross margin of 32.1%, an increase of 2.5 percentage points year-on-year, and a net profit margin of 16.5%, up 0.8 percentage points year-on-year [1]. - The company expects net profits to grow significantly in the coming years, with projections of 2.48 billion, 3.08 billion, and 3.69 billion for 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 108.5%, 23.9%, and 20.0% [4][5]. Product Development and Market Position - The company has successfully developed several innovative products, including high-capacity and fast-charging negative electrode materials, which are entering mass production [2]. - The company is the only global player that integrates the "process, equipment, and materials" for separators, achieving a sales volume of 4.77 billion square meters in the first half of 2025, a year-on-year increase of 63.9% [3]. - New product layouts are expected to contribute to revenue growth, with ongoing developments in solid-state batteries and composite materials [4].

Core Viewpoint - The article emphasizes the importance of innovation in the engineering plastics industry, highlighting the launch of the 2025 China International Engineering Plastics Industry Innovation Awards, which aims to recognize and promote new materials, processes, and solutions in the sector [3][8]. Group 1: Event Overview - The 2025 China International Engineering Plastics Industry Innovation Awards, themed "Innovate to Shape the Future," focuses on discovering innovations in engineering plastics, including new materials, processes, and equipment [3]. - The awards feature three main categories: "Innovative Material Award," "Innovative Process Improvement Award," and "Innovative Industry Solution Award," aimed at promoting outstanding companies and their innovations [3]. - The online voting phase is open until July 23, allowing participants to vote for their preferred materials and solutions [2][6]. Group 2: Participating Companies - Leading companies such as Wanhua Chemical, DOMO, Asahi Kasei, LG Chem, and Huitong are actively releasing new materials and solutions [2][4]. - The event will also include expert evaluations and online presentations, where product representatives will defend their entries in front of a panel of experts [3]. Group 3: Awards and Recognition - The final award winners will be announced on September 11, 2025, during the Polymer Industry Annual Conference in Hefei, with over 500 professionals expected to witness the event [8]. - The awards aim to foster collaboration and innovation within the engineering plastics industry, contributing to its overall development [3][12].

Core Viewpoint - The "2025 China International Engineering Plastics Industry Innovation Awards - New Plastic Awards" aims to promote innovation in the engineering plastics sector by recognizing outstanding companies and their innovative materials, processes, and solutions, thereby driving the development of the entire plastics industry [2]. Group 1: Event Overview - The event focuses on discovering innovative points in engineering plastics, including new materials, processes, and equipment [2]. - Three main awards are established: "Innovative Materials Award," "Innovative Process Improvement Award," and "Innovative Industry Solutions Award" [2]. - The initiative seeks to highlight excellent enterprises within the industry and share their innovative achievements [2]. Group 2: Featured Products - Daplen™ EH196AEC is a high-performance polypropylene material designed for lightweight automotive bumpers, addressing the growing demand for lightweight components in the rapidly developing Chinese electric vehicle market [8][10]. - The product offers advantages such as high flowability suitable for large injection-molded parts, a balance of rigidity and impact resistance, and a weight reduction of approximately 4%-5% compared to existing T20 materials [10]. - Other innovative products highlighted include ULTE™ DT1820EV resin, a high-temperature thermoplastic, and various flame retardants and solutions that enhance the performance of engineering plastics [15][16][18][19]. Group 3: Participation and Timeline - The application period for the awards runs from May 6 to July 13, 2025, followed by a public voting phase and expert evaluations [26][27]. - The final award ceremony will take place on September 11, 2025, during the Polymer Industry Annual Conference [27].

Core Viewpoint - The "2025 China International Engineering Plastics Industry Innovation Awards - New Plastic Awards" aims to promote innovation in the engineering plastics industry by recognizing outstanding companies and their contributions to new materials, processes, and solutions [1]. Group 1: Event Overview - The event focuses on three main awards: "Innovative Materials Award," "Innovative Process Improvement Award," and "Innovative Industry Solutions Award" [1]. - The theme of the event is "Innovation Shapes the Future," emphasizing the importance of innovation in driving the development of the engineering plastics industry [1]. Group 2: Featured Companies and Innovations - Zhejiang Daomo Engineering Materials Co., Ltd. has developed a recycled-grade TECHNYL® 4EARTH® material with 50% recycled content, certified by UL and halogen-free phosphorus flame retardant, successfully applied in Siemens' SENTRON 5SV3 RCCB cover and shell [5][7]. - The application of this material demonstrates a balance between carbon reduction, high-value recycling, and uncompromised performance, contributing to a closed-loop system in the electrical equipment industry [7][10]. Group 3: Industry Challenges and Solutions - The electrical industry faces challenges in finding materials that meet high-performance standards while being sustainable [8]. - Traditional recycled materials often fail to meet the mechanical strength, insulation, and safety standards required for high-precision structural components [8]. - The TECHNYL® 4EARTH® material addresses these challenges by providing verified mechanical strength and insulation performance, suitable for high-precision applications [10]. Group 4: Future Implications - The successful application of recycled-grade materials in high-precision components could extend to other high-voltage scenarios, such as electric vehicle charging modules [10]. - The lifecycle carbon reduction model validated by Siemens offers insights into low-carbon solutions for the electrical equipment sector [10].

Core Viewpoint - The article emphasizes the importance of innovation and technology as core competitive advantages in the engineering plastics industry, highlighting the role of the China International Engineering Plastics Industry Innovation Awards (New Plastics Award) in recognizing industry leaders and fostering a comprehensive innovation ecosystem [2]. Group 1: Organizing Units - The event is organized by DT New Materials and hosted by Ningbo Detaizhong Research Information Technology Co., Ltd., with collaboration from various media outlets [3]. Group 2: Award Structure - The awards are set to take place on September 11, 2025, during the 2025 Polymer Industry Annual Conference [4]. Group 3: Evaluation Rules - The evaluation consists of scores from an expert panel (90 points) and online voting (10 points), with specific scoring criteria based on voting percentages [5]. - To qualify for awards, products must achieve an average score of over 60 points from expert evaluations, combined with additional points from online voting [6]. Group 4: Evaluation Process - The evaluation process includes several stages: application and preliminary review (May 6 - July 13), public announcement and online voting (July 14 - July 20), and expert review and online presentations (July 21 - July 27) [7]. - Products are assessed based on innovation level, market applicability, feasibility, and economic benefits [8][9]. Group 5: Participation and Submission - Eligible companies with innovative products or core technologies can apply independently or be recommended by industry associations and academic organizations [10]. - Complete application materials must be submitted by the deadline for initial review [10]. Group 6: Online Presentation - An online presentation will be organized where participants will showcase their products across four dimensions: industry background, market prospects, product innovation, and development plans [11]. Group 7: Impact and Contribution - The evaluation considers the impact of products on extending the industrial chain, enhancing value, and promoting structural adjustments within the industry [12]. - Companies are assessed on their economic scale, product strength, international operations, and contributions to industry advancements [13]. Group 8: Benefits for Award Winners - Winning companies will receive media coverage, participate in the award ceremony, and gain promotional opportunities at the 2025 Polymer Industry Annual Conference [14][16][17]. Group 9: Previous Awards - The article references past award winners and highlights the ongoing recognition of innovation within the engineering plastics sector [20].