证券代码：002838 证券简称：道恩股份 山东道恩高分子材料股份有限公司投资者关系活动记录表 编号：2025-008 号 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | | 道恩股份董事、总经理：田洪池 | | 活动参与人员 | 道恩股份副总经理、董事会秘书：王有庆 | | | 道恩股份副总经理、财务总监：邹远勇 | | 时间 | 2025 年 11 月 7 日 15:00-17:00 | | 地点 | 道恩股份会议室 | | 形式 | 网络交流 | | 交流内容及具体 | 公司于 2025 年 11 月 7 日（星期五）15:00--17:00 在"全景•路演天下" | | 问答记录 | （http://ir.p5w.net）举行 2025 年第三季度业绩说明会。本次业绩说明会采 | | | 用网络远程的方式举行。业绩说明会问答环节主要内容如下： | 1 1.公司在市值提升上是否有计划和举措？ 3 答：投资者您好！公司于 2025 年 9 月发布《市值 ...

Core Viewpoint - The biodegradable materials industry is facing challenges, particularly with PBAT production currently halted, but companies remain optimistic about future growth and are adjusting strategies to enhance production efficiency and market presence [2][4][5]. Group 1: PBAT Production Status - PBAT is currently in a state of suspension due to multiple factors including market conditions and environmental regulations, with modified materials and products operating at low capacity [2]. - The company acknowledges the contradiction in stating PBAT is halted while also aiming to expand the project, emphasizing a strategic approach to align production with market demand [3]. - Despite the current challenges, the company is committed to developing the biodegradable plastic industry and aims to integrate the supply chain to reduce costs and enhance competitiveness [4]. Group 2: Future Prospects and Projects - The company is in the trial production phase for PBAT and has completed mechanical construction for its electronic materials project, which is now in the testing and production preparation stage [5]. - Ongoing projects include a new starch sugar production facility with an annual capacity of 550,000 tons and a new lactide project with a capacity of 30,000 tons [6]. - The company has developed three types of biodegradable polyester materials and is focusing on applications in the electronic and medical fields, while also enhancing its production capabilities for TPU and other materials [7]. Group 3: PLA Market Insights - The company has a capacity of 30,000 tons for PLA resin synthesis and modification, with some PLA materials being used in 3D printing applications [8]. - The PLA market is currently experiencing oversupply, leading to intense competition and potential price declines, although prices are nearing cost levels, limiting future fluctuations [9]. - The global consumption of PLA is projected to be around 260,000 tons in 2024, with domestic consumption at approximately 120,000 tons, indicating significant growth potential in various applications despite short-term challenges [9].

Core Viewpoint - The article discusses the recent approval of two marine project applications by Shandong Yulong Petrochemical Co., Ltd., highlighting the significant investment and construction plans aimed at enhancing the petrochemical industry in Shandong Province [2][3]. Group 1: Project Overview - The total investment for the projects is approximately 11.79 billion yuan, with a construction period of 48 months [2]. - The projects will be located on Island 5, covering a land area of 700.15 hectares and a marine area of 639.3548 hectares [2]. - The projects will utilize methane for the production of various chemical products, including PTA, PTT, PBT, PCT, PCTG, and PETG [2]. Group 2: Company Background - Shandong Yulong Petrochemical Co., Ltd. is a mixed-ownership enterprise, with private control by Nanshan Group and state-owned participation [2]. - The company is developing a 40 million tons per year integrated refining and chemical project, which is considered a major initiative for industrial transformation and high-quality development in Shandong Province [2][3]. Group 3: Project Milestones - The project transitioned from a reserve project to a planned project in June 2020, with various approvals received from national and provincial authorities throughout 2020 [3]. - The construction of the first phase of the project commenced on October 24, 2020, and is currently progressing rapidly [3].