3C 涂料是指应用于电脑（ Computer ）、通信设备（ Communication ）和消费类电子产品（ Consumer Electronics ）外壳及零部件表面的功能性与 装饰性涂层材料，主要用于提升产品的外观质感、耐磨性、抗指纹性能及环境适应性。根据应用工艺和性能要求不同， 3C 涂料可分为 UV 涂 料、 PU 涂料等体系，广泛用于手机、笔记本电脑、平板、可穿戴设备等终端产品的塑料、金属、玻璃材质表面，是连接电子制造与终端消费体 验的重要材料环节。 3C涂料行业目前现状分析 当前， 3C 涂料行业处于平稳增长与结构转型并行的阶段。一方面，受益于手机、笔记本、穿戴设备等 3C 终端出货量回暖，尤其是中国、印度和 越南等新兴制造基地的崛起， 3C 涂料的整体需求在 2024 年实现恢复性增长，市场规模达到了 9.37 亿美元。中国是当前无可争议的核心市场，拥 有全球最完善的电子制造产业链，其市场消费占比达 62.86% ，同时具备强大的本地供应链整合能力。国际品牌与中国本土企业在此市场共存， 前五大生产商占据过半市场份额。 全球市场 3C 涂料 市场规模： 2020 VS 2024 VS 2031 ...

Core Viewpoint - Jiangsu Kuangshun Photosensitivity New-Material Stock Co., Ltd. plans to issue shares to specific investors to raise funds for its projects, particularly focusing on the production of electronic photosensitive materials and related products. Group 1: Company Overview - The company was established on May 12, 2006, and listed on August 30, 2016, with a registered capital of 200,395,122 RMB [13]. - The company specializes in the research, development, and production of photosensitive materials, including anti-corrosion inks and UV-curable coatings for printed circuit boards [13]. - The company's headquarters is located in Jiangyin City, Jiangsu Province, China [13]. Group 2: Fundraising Details - The company plans to raise a maximum of 300 million RMB through the issuance of shares, which will not exceed 20% of its net assets as of the end of the previous year [2]. - The funds raised will be allocated to a project with a total investment of 525.38 million RMB, specifically for the annual production of 50,000 tons of electronic photosensitive materials [2][3]. - The issuance price is set at 18.13 RMB per share, based on the average trading price of the company's shares over the 20 trading days prior to the pricing date [2]. Group 3: Financial Performance - In 2024, the company reported a revenue of 518.23 million RMB but incurred a net loss of 32.07 million RMB, primarily due to a decline in sales of photovoltaic glue products [3][4]. - The company recognized significant impairment losses, including 29.91 million RMB for goodwill and 13.44 million RMB for accounts receivable [3]. Group 4: Industry Context - The company operates within the electronic chemical materials sector, which is characterized by market-driven competition and significant government oversight [15]. - Recent policies from various government departments have encouraged the development of electronic chemical products, particularly in the context of energy transition and environmental sustainability [15]. Group 5: Risks and Challenges - The company faces risks related to the potential underperformance of its new projects, including the possibility of negative net profits in the first two years post-launch due to high depreciation costs [4][5]. - There are uncertainties regarding the successful development and market acceptance of new products, particularly in the field of photolithography materials [5][6]. - Environmental regulations may impact production capabilities, especially if the company is required to relocate or reduce output due to compliance issues [8].