Core Viewpoint - Daoshengtianhe Material Technology (Shanghai) Co., Ltd. is positioned as a leading player in the new materials sector, focusing on the dual-carbon strategy and benefiting from the high-quality development of the Chinese economy [1] Group 1: Market Potential - The company is strategically aligned with the wind power and new energy vehicle industries, which are key national pillars, allowing it to capitalize on significant market growth [2] - China is a leader in the global wind power market, with plans to add over 50 GW of new installations annually during the 14th Five-Year Plan, ensuring a steady demand for high-performance materials [2] - The new energy vehicle market is experiencing explosive growth, with a projected market share of 40.9% in 2024, driving demand for high-performance adhesives and composite materials [2] Group 2: Competitive Advantage - Daoshengtianhe has successfully broken the foreign monopoly in high-end wind power materials, establishing itself as a pioneer in domestic substitution and global expansion [3] - The company has entered the supply chains of major domestic players such as BYD and Geely, and is the only Chinese company supplying epoxy resin and structural adhesives to international wind turbine giant Vestas [3] - Its core product, the epoxy resin series for wind turbine blades, has ranked first in global sales for three consecutive years (2022-2024), indicating strong market leadership [3] Group 3: R&D and Innovation - The company boasts a robust R&D capability with a diverse product range, including epoxy resins, polyurethanes, and organic silicon materials [4] - As of June 2025, Daoshengtianhe holds 69 valid patents, including 38 invention patents, and has applied for 14 PCT international patents, demonstrating its commitment to innovation [4] - The company has established a strong technical moat by providing differentiated and precise new material solutions across various high-end sectors, including energy storage and aerospace [4] Group 4: Financial Performance - From 2022 to 2024, the company's net profit attributable to shareholders has increased from 110 million yuan to 155 million yuan, showcasing solid growth resilience [5] - The upcoming IPO will fund the addition of 37,000 tons of high-end adhesives for power batteries and 19,000 tons of high-performance composite resin capacity, targeting core demands in the new energy vehicle sector [5] - The company's future strategy includes expansion into photovoltaic, consumer electronics, semiconductors, and rail transportation, further enhancing its growth potential [5]

中证报中证网讯(王珞)作为中国新材料行业的领军企业，道生天合材料科技(上海)股份有限公司(下 称"道生天合"或"公司")以其卓越的技术创新、稳健的财务表现和前瞻性的战略布局，正成为全球绿色 能源转型中的重要推动力量。近日，道生天合披露招股意向书，正式启动登陆沪市主板的招股程序。 公司在高性能材料领域的技术积淀深厚。截至2025年6月，公司累计拥有69项有效专利(其中38项为发明 专利)，并在申请PCT国际专利14项，并深度参与起草了《塑料环氧树脂试验方法》等国家标准及多项 新能源材料行业标准。依托国家CNAS认证实验室的专业能力，其产品技术体系已通过IATF16949汽车 体系和AS9100D航空体系认证，构建了跨行业的品质保障能力，为绿色能源产业链的技术迭代提供了关 键支撑。 战略前瞻：赋能全球绿色能源转型 道生天合的战略布局高度契合中国"双碳"目标和全球绿色能源转型的大趋势。此次IPO募投项目正是其 战略雄心的体现，项目聚焦新能源汽车、储能、轨道交通等高增长领域，建成后将新增3.7万吨高端胶 粘剂和1.9万吨复合材料树脂产能。项目将采用自动化称量、智能灌装等绿色制造技术，在提升生产效 率的同时，也满足了高 ...