（编辑 丛可心） 证券日报网1月21日讯 ，和顺科技在接受调研者提问时表示，碳纤维产品可依据性能指标划分不同类 别，拉伸强度与弹性模量是国际通行的核心分类标准，业内广泛采用日本东丽（TORAY）分类体系。 我国于2011年正式颁布《聚丙烯腈（PAN）基碳纤维国家标准（GB/T26752-2011）》，标志着国内碳纤 维行业拥有了自主的分类方法与技术规范。T系列与M系列均为碳纤维的重要产品品类，二者均依据拉 伸强度、弹性模量等关键性能参数进行等级界定。其中，M系列碳纤维属于高强高模型产品，相较于T 系列，其制备工艺难度更大，产品附加值也更高。 ...

Summary of Guangwei Composites Conference Call Industry Overview - Guangwei Composites holds a leading position in the commercial aerospace carbon fiber materials sector, particularly with its M series carbon fibers, which are highly rigid and have near-zero thermal expansion coefficients, making them ideal for space environments [2][4][5] - Carbon fiber materials outperform traditional metals in specific strength, modulus, and temperature resistance, allowing for significant weight reduction in critical applications such as satellite frames, solar wing support structures, and phased array antenna components [2][6][7] Key Insights and Arguments - Despite the high unit price of carbon fiber, its lightweight characteristics significantly reduce launch costs for space missions. For instance, the launch cost of SpaceX's Falcon 9 rocket is approximately 7,000 RMB per kilogram, making weight reduction economically advantageous [2][8][9] - The demand for carbon fiber in low Earth orbit satellite communications is driven by the material's fatigue resistance and stability, which are crucial for high-precision applications like laser communications [2][12] - The Starlink project has seen a notable increase in carbon fiber usage, with the value of carbon fiber per satellite expected to double from 1.5 million RMB for the V2 version to 3 million RMB for the new Starship version [2][13] Financial Performance - Guangwei Composites' carbon fiber business boasts a gross margin of around 60%, contributing approximately 80% to the company's net profit. Although the civil market is competitive and has led to losses, the high-end aerospace demand remains stable with significant growth potential [4][19] - Short-term performance may decline, but long-term projections indicate that net profits could reach around 3 billion RMB by 2030, driven by new aircraft projects and accelerated satellite networking in the aerospace sector [4][23] Challenges and Market Dynamics - The commercial aerospace sector has experienced recent fluctuations, but long-term investment opportunities remain strong, particularly for leading companies with clear competitive advantages [3] - Guangwei Composites faces challenges in achieving stable mass production of carbon fibers, with only a few companies capable of consistent supply, highlighting the technical barriers in the industry [15][19] Future Outlook - The company anticipates a recovery in performance starting from 2026-2027, with significant contributions expected from high-end aerospace and satellite projects. The potential for monopolistic supply in the space sector is also noted, as M series products are deemed irreplaceable [21][23] - The aerospace sector's growth is expected to be bolstered by advancements in recoverable technology and the acceleration of satellite networking, which could lead to substantial revenue contributions [22][23]