证券日报网讯12月22日，美联新材（300586）在互动平台回答投资者提问时表示，目前公司控股孙公司 辉虹科技已有EX电子材料年产能200吨，年产能并不等同于年产量，具体的产销量要依据订单情况而 定。 ...

美联新材在互动平台表示，公司控股孙公司辉虹科技生产的EX电子材料可以应用于M9级高端覆铜板。 目前公司EX电子材料正在配合下游客户进行验证，由于电子材料的验证周期很长，我们正在加快推进 工程化测试进程，力争客户早日批量化采购使用。 ...

格隆汇12月22日丨美联新材(300586.SZ)在投资者互动平台表示，公司控股孙公司辉虹科技生产的EX电 子材料可以应用于M9级高端覆铜板。目前公司EX电子材料正在配合下游客户进行验证，由于电子材料 的验证周期很长，我们正在加快推进工程化测试进程，力争客户早日批量化采购使用。 ...

格隆汇12月4日丨美联新材(300586.SZ)在互动平台表示，公司EX电子材料的下游产品可应用于商业航天 及国防军工领域。 ...

美联新材在互动平台表示，公司EX电子材料的下游产品可应用于商业航天及国防军工领域。 ...

Core Viewpoint - Meilian New Materials is currently in the construction phase of its new energy and polymer materials industrialization project located in Xuanhan County, Dazhou, Sichuan, which is expected to be completed and put into production by 2026 [2] Group 1 - The company is responding to investor inquiries regarding the progress of its projects [2] - The performance of the company's EX electronic materials is reported to be superior with competitive pricing, indicating high cost-effectiveness [2] - The sales and production status of EX electronic materials from the company's subsidiary, Huihong Technology, will be disclosed in future periodic reports [2]

Group 1 - The company reported an increase in sales of color masterbatch products compared to the same period last year, indicating a positive trend in demand [1] - The price of trichloroisocyanuric acid has been gradually recovering as the fourth quarter sales peak approaches [1] - The company’s EX electronic materials are performing well in terms of production and sales, with new capacity being planned in line with the development of the PCB industry [1] Group 2 - The sales volume of the company's subsidiary, Anhui Meixin, for battery separators saw a year-on-year increase in October [1]

Core Viewpoint - The company, Meilian New Materials, has highlighted the advanced performance characteristics of its subsidiary Huihong Technology's EX electronic materials, which are gaining traction in the market due to their efficiency and low energy consumption [1] Group 1: Product Performance - The EX electronic materials produced by Huihong Technology exhibit high transmission rates, fast transmission speeds, and lower signal loss [1] - At 15GHz, the dielectric constant (Dk) of the EX materials is reported to be 2.54, while the dielectric loss (Df) is 0.0006, indicating that the performance metrics are at an internationally leading level [1] Group 2: Energy Efficiency - The use of EX materials in the production of copper-clad laminates for computing devices has resulted in approximately a 30% reduction in energy consumption year-on-year [1] Group 3: Market Demand - The customer base for EX electronic materials is expanding both domestically and internationally, with applications in various fields, leading to a gradual increase in market demand [1]

Core Viewpoint - Meilian New Materials is a leading manufacturer in the plastic masterbatch industry in China and the largest white masterbatch manufacturer in Asia, with a unique advantage as the sole supplier of EX electronic materials in the country [1] Group 1: Business Performance - In Q3 2025, Meilian New Materials reported revenue of 1.247 billion yuan, ranking 12th in the industry, significantly lower than the top competitor, Kingfa Technology, which had revenue of 49.616 billion yuan [2] - The company's net profit for the same period was -61.39 million yuan, placing it at the bottom of the industry rankings, while the industry average net profit was 119 million yuan [2] - The main business composition included color masterbatch at 334 million yuan (38.70%) and trichloroisocyanuric acid at 287 million yuan (33.23%) [2] Group 2: Financial Ratios - As of Q3 2025, Meilian New Materials had a debt-to-asset ratio of 39.14%, which is lower than the industry average of 45.98%, indicating relatively low debt pressure [3] - The gross profit margin for the same period was 6.02%, a significant decrease from 13.90% in the previous year and below the industry average of 14.74%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Huang Weishan, received a salary of 447,000 yuan in 2024, an increase of 48,500 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 3.11% to 24,300, while the average number of circulating A-shares held per account increased by 3.21% to 22,000 [5] Group 4: Future Outlook - Despite short-term pressure from declining chemical material prices, the company has multiple business advantages that may create new growth opportunities [5] - Key business highlights include expected volume and price increases in trichloroisocyanuric acid consumption post-September, the potential for expanding downstream customers for EX electronic materials, and ongoing projects in the renewable energy and polymer materials sectors [5] - Forecasted revenues for 2025, 2026, and 2027 are 2.119 billion yuan, 3.436 billion yuan, and 5.166 billion yuan, respectively, with corresponding EPS of 0.11, 0.24, and 0.61 yuan [5]

Core Viewpoint - The company is experiencing an increase in its foreign customer base for EX electronic materials and is working to accelerate engineering testing processes with domestic clients to achieve early bulk procurement [1] Group 1 - The production and sales of EX electronic materials are currently ramping up [1] - The company is collaborating with domestic downstream clients to expedite the engineering testing process [1] - The goal is to enable domestic clients to start bulk purchasing and usage of the materials as soon as possible [1]