证券日报网讯新和成11月24日发布公告，在公司回答调研者提问时表示，公司致力于成为新材料行业的 生力军，重点发展高性能聚合物及关键中间体，适度发展材料下游应用，目前主要产品包括聚苯硫醚 （PPS）、高温尼龙（PPA）、IPDA、HDI、IPDI等，产品性能和品质可以达到国际先进水平。PPS具 有机械强度高、耐高温、耐化学药品性、热稳定性好、电性能优良、耐辐射和阻燃等优点，在新能源、 半导体、高端制造等领域的需求增长显著，公司PPS报批3万吨，公司PPS现有产能2.2万吨，后续公司 将结合公司战略规划和市场发展态势，稳步有序推进扩建产能项目建设。 （文章来源：证券日报） ...

证券代码：002001 证券简称：新和成 6、公司全氟己基辛烷项目进展情况？ 答：公司年产 45 吨全氟己基辛烷、15 吨全氟丁基戊烷项 目已具备生产能力，两款产品是治疗干眼症药物的重要原料药， 已取得药品注册。 7、公司草铵膦和精草铵膦的进展情况如何？ 4、公司在新材料板块的布局？公司对 PPS 业务有哪些发展 规划？ 答：公司致力于成为新材料行业的生力军，重点发展高性能 聚合物及关键中间体，适度发展材料下游应用，目前主要产品包 括聚苯硫醚（PPS）、高温尼龙（PPA）、IPDA、HDI、IPDI 等， 产品性能和品质可以达到国际先进水平。PPS 具有机械强度高、 耐高温、耐化学药品性、热稳定性好、电性能优良、耐辐射和阻 燃等优点，在新能源、半导体、高端制造等领域的需求增长显著， 公司 PPS 报批 3 万吨，公司 PPS 现有产能 2.2 万吨，后续公司将 结合公司战略规划和市场发展态势，稳步有序推进扩建产能项目 建设。 5、公司香料板块主要有哪些产品，增长动力在哪里？ 答：目前公司香精香料板块主要生产芳樟醇系列、柠檬醛系 列、叶醇系列、二氢茉莉酮酸甲酯、薄荷醇等多种香料，被广泛 应用于个人护理、家庭护理 ...

Core Viewpoint - Zhejiang Xinhengcheng Co., Ltd. (hereinafter referred to as "Xinhengcheng") has demonstrated robust growth in its financial performance, with a focus on expanding its business segments and future development plans through a synergistic approach in its "Chemical+" and "Biological+" platforms [2][3]. Group 1: Financial Performance - For the first three quarters of 2025, Xinhengcheng achieved a revenue of 16.642 billion yuan, representing a year-on-year increase of 5.45% [2]. - The net profit attributable to shareholders reached 5.321 billion yuan, marking a significant year-on-year growth of 33.37% [2]. Group 2: Business Segments - The nutrition segment is currently the largest business area, encompassing both animal and human nutrition products, including vitamins and amino acids, with a steady annual revenue growth [2]. - In the human nutrition sector, products include vitamins A, D3, E, C, coenzyme Q10, taurine, and β-carotene, with a continuous expansion of customized formulations [2]. Group 3: Production Capacity and Expansion - The company currently has a solid methionine production capacity of 300,000 tons, with a 70,000-ton expansion project approved and set to be launched based on market conditions [3]. - An 180,000-ton/year liquid methionine project, in partnership with Sinopec, is progressing towards resumption after maintenance [3]. Group 4: Future Development and Projects - The biological fermentation segment is expected to expand into flavors and new materials, while the raw materials pharmaceutical segment focuses on pharmaceutical-grade vitamins and other key products [3]. - The new materials segment is identified as a future pillar industry, emphasizing the development of high-performance polymers and key intermediates, with ongoing construction of a nylon new materials project [5]. - The company plans to advance new products like serine and tryptophan, while also reserving land for flavor projects and dynamically adjusting capital expenditures based on project progress [6].

Group 1 - The company aims to become a key player in the new materials industry, focusing on high-performance polymers and key intermediates, while moderately developing downstream applications [1] - Main products include polyphenylene sulfide (PPS), high-temperature nylon (PPA), HDI, IPDA, and ADI, with a broad market outlook [1] - The PPS resin series can be used for both civilian and industrial yarns, achieving performance and quality that meet international advanced standards [1] Group 2 - The company has been questioned about its reserves in PA66 modification technology and its capability to produce industrial and civilian yarns [3] - There is a specific interest in whether the company's product performance and quality can match Invista's high-end products, particularly in terms of consistency, long-term reliability, stability under extreme conditions, special functional modifications, and applications in critical safety components [3] - Inquiry also extends to the company's technological reserves in new materials such as PEEK [3]

Core Viewpoint - The company is focused on developing high-performance polymers and key intermediates, aiming to become a significant player in the new materials industry, with a broad market outlook for its products [1]. Group 1: Company Strategy and Product Development - The company is committed to the "Chemicals +, Biology +" strategy, emphasizing the development of high-performance polymers and key intermediates [1]. - Current main products include polyphenylene sulfide (PPS), high-temperature nylon (PPA), HDI, IPDA, and ADI, which have a wide market potential [1]. Group 2: Product Capabilities and Market Position - The PPS resin series can be utilized for both industrial and civilian yarns, with product performance and quality meeting international advanced standards [1]. - The company is exploring its capabilities in PA66 modification technology and new materials like PEEK, indicating a focus on high-end product performance consistency and reliability under extreme conditions [1].

Core Viewpoint - The company, Xinhecheng (002001.SZ), currently does not have PEEK products and focuses on developing high-performance polymers and key intermediates, with a moderate expansion into downstream applications [1] Group 1: Product Focus - The main products of the company include polyphenylene sulfide (PPS), high-temperature nylon (PPA), HDI, and IPDA [1] - The company emphasizes the development of high-performance polymers and key intermediates [1] Group 2: Downstream Applications - The primary downstream application areas include automotive, electronics, environmental protection, and industrial applications [1] - The company collaborates with clients in the new energy and robotics industries [1]

Core Viewpoint - The company, Xinhecheng (002001.SZ), currently does not produce PEEK materials and focuses on developing high-performance polymers and key intermediates, while moderately expanding downstream applications [1] Group 1: Company Focus - The company is primarily engaged in the development of high-performance polymers and key intermediates [1] - Current main products include polyphenylene sulfide (PPS), high-temperature nylon (PPA), HDI, and IPDA [1] - The company is also involved in moderate development of downstream applications [1] Group 2: Application Areas - Downstream applications of the company's products are primarily in the automotive, electronics, environmental protection, and industrial sectors [1]

Group 1: Production and Sales - The company has an annual production capacity of 300,000 tons for solid methionine, with a high utilization rate and strong sales performance [2][3] - The liquid methionine project in cooperation with Sinopec, with a capacity of 180,000 tons, has entered the trial production phase and has successfully produced qualified products [3] Group 2: Fragrance and Flavor Products - The fragrance segment includes products such as linalool, citral, and menthol, widely used in personal care, household care, cosmetics, and food [3] - The company is focusing on optimizing product structure and expanding its fragrance product range to enhance core competitiveness [3][4] Group 3: New Materials Sector - The new materials sector is seen as having significant market potential, with a focus on high-performance polymers and key intermediates [3][4] - The Tianjin nylon new materials project is currently in the approval stage, with environmental assessments completed [4] Group 4: Biological Fermentation Products - The Heilongjiang base is focused on biological fermentation products, including Vitamin C and various amino acids, with efforts to improve efficiency and expand the product line [4] - The base aims to develop new products through a technology-first approach, enhancing synergy with existing business segments [4] Group 5: Employee Incentives and Shareholder Returns - The company has completed its employee stock ownership plan and is considering future equity incentive methods to attract talent [4][5] - Since its listing, the company has distributed a total of 15.5 billion yuan in dividends, representing 30%-50% of annual net profits, and is actively repurchasing shares within a range of 300 million to 600 million yuan [5]

Group 1: Company Overview and Strategy - The company operates under two main technology platforms: "Chemical+" and "Biological+" [3] - The focus is on expanding the biological fermentation product line, including vitamins and amino acids [3][4] - The company aims to develop new products in the fields of nutrition, new materials, and flavoring agents [6] Group 2: Financial Performance - The flavor and fragrance segment achieved a revenue of 3.916 billion RMB in 2024, representing a year-on-year growth of 19.62% [4] - Cumulative dividend payments have reached 15.5 billion RMB, with a payout ratio of 30%-50% of annual net profit [8] - The company has implemented two cash dividends in 2025, totaling 2 RMB and 5 RMB per share [8] Group 3: Investment and Development - The company is investing in high-performance polymers and key intermediates, with applications in automotive and electronics [4] - A new liquid methionine project is in the trial production preparation stage [5] - The Tianjin nylon new materials project is awaiting approval for construction [5] Group 4: Market Expansion and Global Strategy - The company exports to over 100 countries, with more than 50% of sales coming from international markets [6] - Plans for overseas factories are being considered, with existing subsidiaries in regions like Hong Kong, Singapore, and Germany [6] Group 5: Innovation and Competitive Position - The company emphasizes innovation and collaboration to enhance product competitiveness [6] - It aims to achieve domestic production of key products like vitamins E and A, contributing to industry transformation [6] - The company is focused on deepening its product matrix and expanding its market presence [6]

Core Viewpoint - Syensqo, a global leader in high-performance materials and chemical solutions, has completed a significant capacity expansion for specialty polymer modification at its Changshu plant, focusing on products used in various high-tech industries such as new energy vehicles, semiconductors, smart devices, and healthcare [2][3]. Group 1: Product Expansion - The expansion includes production lines for Amodel® PPA, Ryton® PPS, Kalix® HPPA, Omnix® HPPA, and Ixef® PARA, which are essential for applications in new energy vehicles and electronics [2]. - High-performance polyamides (HPPA) like Kalix® HPPA are designed for smart mobile electronics and medical device components, offering sustainable options with 27%-61% bio-based content [3]. Group 2: Material Characteristics - PPA is a high-performance semi-aromatic polyamide known for its high temperature resistance, strength, low moisture absorption, and excellent chemical resistance, with applications in automotive and electronics [2]. - PPS is recognized for its high-temperature resistance (up to 220-240°C), inherent flame retardancy, and excellent mechanical properties, widely used in automotive, electronics, and aerospace sectors [3]. Group 3: Market Position - Major global producers of PPA include DuPont, EMS-GRIVORY, Evonik, Arkema, Mitsubishi Chemical, and Kolon, with Kingfa Technology holding nearly 50% market share in the PA10T segment [2].