来源：新浪证券-红岸工作室 11月20日，国际复材涨0.18%，成交额1.67亿元，换手率2.08%，总市值214.19亿元。 异动分析 PCB概念+华为手机+5G+风电+华为概念 1、2024年年报，在电子领域，公司联合产业链领头企业及高校，依托国家科技支撑计划等项目，攻克 了多项关键技术难题，成功开发了低气泡细纱、纤维直径可达 3.7μm 的超细纱及织物等优势产品，解 决了高端 PCB 源头关键材料长期依赖进口的问题。 主力轻度控盘，筹码分布较为分散，主力成交额1.35亿，占总成交额的13.47%。 2、公司招股说明书：公司自主研发、拥有独立知识产权的 5G 用低介电玻璃纤维已实现批量生产，并 在华为旗舰系列手机、 5G高频通信用关键透波制品等产品上得到应用。 3、2024年10月29日互动易:公司自主研发、拥有独立知识产权的5G 用低介电玻璃纤维已实现批量生 产，并在高端旗舰系列手机、5G 高频通信用关键透波制品等产品上得到应用。 4、根据公司招股说明书，公司重视玻纤核心技术的积累与创新， 通过技术引进、 合作研发与自身实践 探索，已掌握池窑设计、 节能燃烧、 玻璃配方与纤维成型、 铂金材料改性与漏板设 ...

Core Viewpoint - The company, Chongqing International Composite Materials Co., Ltd., has shown significant growth in revenue and profit, driven by advancements in technology and production capabilities in the glass fiber sector, particularly for applications in 5G and high-end electronics [8]. Company Overview - Chongqing International Composite Materials Co., Ltd. was established on August 27, 1991, and is located in the Jiankiao Industrial Park B area of Dadu River District, Chongqing. The company was listed on December 26, 2023, and primarily engages in the research, production, and sales of glass fiber and its products, with 97.51% of its revenue coming from this segment [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 4.153 billion yuan, representing a year-on-year growth of 19.40%. The net profit attributable to shareholders reached 231 million yuan, marking a substantial increase of 341.55% compared to the previous year [8]. Product Development and Technology - The company has successfully developed key technologies in the electronic field, including low-bubble fine yarn and ultra-fine yarn with a fiber diameter of 3.7μm, addressing the long-standing reliance on imported materials for high-end PCB [2][3]. - The company has independently developed low-dielectric glass fiber for 5G applications, which has entered mass production and is being utilized in Huawei's flagship smartphones and critical communication products [2][3][5]. Market Position and Strategy - The company emphasizes the accumulation and innovation of core glass fiber technologies, mastering the entire production process from pool kiln design to surface treatment. It adopts a differentiated and high-end product strategy, focusing on market demand in various specialized fields such as wind power and automotive lightweight components [3][5]. Shareholder and Market Activity - As of September 30, the number of shareholders stood at 76,300, a decrease of 9.54% from the previous period, while the average circulating shares per person increased by 10.54% to 18,417 shares [8]. - The company has distributed a total of 113 million yuan in dividends since its A-share listing [9].

Core Viewpoint - The company, Chongqing International Composite Materials Co., Ltd., has made significant advancements in the production of glass fiber and its applications, particularly in the fields of 5G technology and PCB manufacturing, addressing the long-standing reliance on imported materials [2][3]. Company Overview - Chongqing International Composite Materials Co., Ltd. was established on August 27, 1991, and is located in the Jiankang Industrial Park B area of Dadu River District, Chongqing. The company was listed on December 26, 2023, and its main business involves the research, production, and sales of glass fiber and its products, with 97.51% of revenue coming from this segment [7]. Financial Performance - For the period from January to June 2025, the company achieved a revenue of 4.153 billion yuan, representing a year-on-year growth of 19.40%. The net profit attributable to the parent company was 231 million yuan, showing a substantial increase of 341.55% [8]. Product Development - The company has successfully developed low-bubble fine yarn and ultra-fine yarn with a fiber diameter of 3.7μm, which are key products in the electronic field, particularly for PCB manufacturing. This development is part of a broader strategy to innovate and reduce dependency on imported materials [2][3]. - The company has independently developed and achieved mass production of low-dielectric glass fiber for 5G applications, which is now being utilized in Huawei's flagship smartphones and critical communication products [2][3][5]. Market Position - The company emphasizes a differentiated and high-end product strategy, focusing on various niche markets such as special-shaped glass fiber, high-modulus glass fiber for wind turbine blades, and environmentally friendly glass fiber products [3]. - As of September 19, the number of shareholders in the company was 84,300, a decrease of 5.85% from the previous period, while the average circulating shares per person increased by 6.22% [8]. Shareholder Information - After the A-share listing, the company has distributed a total of 113 million yuan in dividends. As of June 30, 2025, the Southern CSI 1000 ETF was the seventh-largest circulating shareholder, holding 10.4141 million shares, an increase of 4.7763 million shares from the previous period [9].

Core Viewpoint - The company, Chongqing International Composite Materials Co., Ltd., has made significant advancements in the development and production of key materials for the electronics industry, particularly in the fields of 5G and high-end PCB manufacturing, addressing long-standing import dependencies [2][3]. Company Overview - Chongqing International Composite Materials Co., Ltd. was established on August 27, 1991, and is located in the Dadu River Industrial Park, Chongqing. The company was listed on December 26, 2023, and its main business involves the research, production, and sales of glass fiber and its products, with 97.51% of revenue coming from glass fiber and related products [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 4.153 billion yuan, representing a year-on-year growth of 19.40%. The net profit attributable to the parent company was 231 million yuan, showing a substantial increase of 341.55% [8]. Market Activity - On September 18, the stock price of the company increased by 0.73%, with a trading volume of 1.082 billion yuan and a turnover rate of 11.11%. The total market capitalization reached 25.906 billion yuan [1]. Technological Advancements - The company has successfully developed low-bubble fine yarn and ultra-fine yarn with a fiber diameter of 3.7μm, which are critical for high-end PCB materials. This development is part of a broader strategy to innovate and accumulate core glass fiber technologies [2][3]. Product Applications - The company has independently developed low-dielectric glass fiber for 5G applications, which has entered mass production and is being utilized in Huawei's flagship smartphones and key communication products [2][3][5]. Shareholder Information - As of August 29, the number of shareholders for the company reached 89,500, an increase of 1.27% from the previous period. The average number of circulating shares per person decreased by 1.25% to 15,685 shares [8].

Core Viewpoint - The company, Chongqing International Composite Materials Co., Ltd., has shown significant growth in revenue and profit, driven by advancements in technology and production capabilities in the glass fiber sector, particularly for applications in 5G and high-end electronics. Group 1: Company Performance - For the first half of 2025, the company achieved operating revenue of 4.153 billion yuan, representing a year-on-year growth of 19.40% [8] - The net profit attributable to shareholders reached 231 million yuan, marking a substantial increase of 341.55% year-on-year [8] - The company has distributed a total of 113 million yuan in dividends since its A-share listing [9] Group 2: Technological Advancements - The company has developed key technologies in the electronic field, including low-bubble fine yarn and ultra-fine yarn with a fiber diameter of 3.7μm, addressing the long-term reliance on imported materials for high-end PCB [2][3] - The independently developed low-dielectric glass fiber for 5G applications has entered mass production and is being utilized in Huawei's flagship smartphones and critical communication products [2][3][5] Group 3: Market Position and Strategy - The company emphasizes the accumulation and innovation of core glass fiber technologies, mastering the entire production process from pool kiln design to surface treatment [3] - It adopts a differentiated and high-end product competition strategy, focusing on niche markets such as wind power blade materials and automotive lightweight components [3] Group 4: Shareholder and Market Activity - As of August 29, the number of shareholders increased to 89,500, with an average of 15,685 shares held per person, indicating a slight decrease [8] - The stock has seen a net inflow of 30.08 million yuan today, with the industry ranking fifth out of fifteen [4][5]

Core Viewpoint - The company International Composite Materials Co., Ltd. has shown significant growth in revenue and profit, driven by advancements in technology and strategic partnerships in the electronic and renewable energy sectors [8]. Company Overview - International Composite Materials Co., Ltd. is located in Chongqing and was established on August 27, 1991. The company focuses on the research, production, and sales of glass fiber and its products, with 96.56% of its revenue coming from this segment [7]. - The company was listed on December 26, 2023, and operates within the building materials sector, specifically in glass fiber manufacturing [7]. Financial Performance - For the period from January to March 2025, the company achieved a revenue of 1.869 billion yuan, representing a year-on-year growth of 21.68%. The net profit attributable to shareholders was 52.6748 million yuan, marking a substantial increase of 176.96% [8]. - The company has distributed a total of 113 million yuan in dividends since its A-share listing [9]. Technological Advancements - The company has developed key technologies in the electronic field, including low-bubble fine yarn and ultra-fine yarn with a fiber diameter of 3.7μm, addressing the long-term reliance on imported materials for high-end PCB [2][3]. - The company has successfully achieved mass production of 5G low-dielectric glass fiber, which is now being utilized in Huawei's flagship smartphones and critical communication products [2][3]. Market Position and Strategy - The company emphasizes innovation and the accumulation of core glass fiber technologies, maintaining a competitive edge in various specialized fields such as wind power, automotive lightweight components, and 5G communication [3]. - The company adopts a differentiated and high-end product strategy, aligning closely with market demands [3]. Stock Performance - On August 18, the stock price of International Composite Materials increased by 9.87%, with a trading volume of 2.758 billion yuan and a turnover rate of 29.47%, resulting in a total market capitalization of 26.434 billion yuan [1].

Core Viewpoint - The company emphasizes the significance of its electronic-grade glass fiber as a crucial material in the electronics industry, particularly for printed circuit boards (PCBs) [1] Group 1: Product Features - The electronic-grade glass fiber produced by the company exhibits excellent electrical insulation properties, outstanding fire resistance, and superior aging resistance [1] - The company has independently developed low-dielectric glass fiber for 5G applications, which has been utilized in high-end mobile phones and key wave-transmitting products for 5G high-frequency communication [1]

Core Viewpoint - The stock price of International Composite Materials has increased by 2.64% to 5.05 yuan, with a trading volume of 784 million yuan, indicating positive market sentiment towards the company [1]. Company Overview - International Composite Materials specializes in the research, production, and sales of fiberglass and its products, which are widely used in wind turbine blades, automotive manufacturing, electronic communication, and construction materials [1]. - The company has developed low-dielectric fiberglass for 5G applications, which is now utilized in high-end smartphones and key wave-transmitting products for 5G communication [1]. Product Applications - The electronic-grade fiberglass products are primarily used in the printed circuit board sector, although the company does not engage in the production of copper-clad laminates [1]. - The company's products are distributed across Asia, Europe, and America, maintaining stable partnerships with well-known domestic and international enterprises [1]. Shareholder Information - As of July 31, 2025, the number of shareholders is 79,000, reflecting a decrease of 9.84% from the previous period [1]. - The Shenzhen Stock Connect holds 8.5614 million shares, accounting for 0.22% of the circulating share capital [1].

Core Viewpoint - The company, International Composite Materials (301526.SZ), emphasizes the significance of its electronic-grade glass fiber as a fundamental material in the electronics industry, particularly for printed circuit boards (PCBs) [1] Group 1: Product Features - The electronic-grade glass fiber produced by the company exhibits excellent electrical insulation properties, outstanding fire resistance, and remarkable aging resistance [1] - The company has independently developed low-dielectric glass fiber for 5G applications, which has been utilized in high-end mobile phones and key wave-transmitting products for 5G high-frequency communication [1]

Group 1 - The company has confirmed that its low dielectric glass fiber can be used in the PCB field, highlighting its importance as a fundamental material in the electronics industry [2] - The electronic-grade glass fiber produced by the company exhibits excellent electrical insulation properties, outstanding fire resistance, and remarkable aging resistance [2] - The company's independently developed low dielectric glass fiber for 5G applications has already been utilized in high-end mobile phones and key wave-transmitting products for 5G high-frequency communication [2]