2)供需面：据中研网，2025年国内碳纤维产能预计达14.4万吨，预计下半年风电领域维持强势，航空航 天、体育休闲等领域需求回暖，新兴领域如低空飞行、无人机等占比进一步提升。尽管行业整体供应过 剩局面仍未改变，但行业整体在相对触底下，正逐步从"量增"转向"质升"; 3)价格：该行预计会呈现"结构性分化"与"温和修复"并存的特点，预计工业级T300等承压运行，低位震 荡;高性能T700/T800价格区间预计稳中有升;预计特种品类(如湿法3K)在需求拉动下，价格强势运行。 2025年我国碳纤维市场整体呈现价格趋稳、部分领域复苏的态势 据百川盈孚，截止2025年8月，主流碳纤维型号T300-12K、T300-24/25K、T300-48/50K、T700-12K的华 东市场价格分别为85元/kg、75元/kg、70元/kg、105元/kg，较年初跌幅均为0%，国内碳纤维价格自2025 年初以来维持相对平稳，为产业链盈利能力改善提供了稳定的外部环境，截至2025年8月，行业开工率 已恢复至61.52%(同比+14.92ppts)，较年初+10.02ppts，显示部分复苏迹象。 2025H2展望：碳纤维价格"结构性分化 ...

也在同日，两家碳纤维龙头企业发布了2025年第一季度以及2024年财报。 【DT新材料】 获悉，4月24日， 中复神鹰 、 吉林化纤 同日发布高层变动公告，原因都是 达到法定退休年龄。 其中， 中复神鹰 总经理刘芳 女士 辞职，公司董事长张健女士代行总经理职责。 吉林化纤 副总经理孔玉影 女士 辞职。 营销方面，公司3K小丝束碳纤维产品销量同比增长35%，高模系列碳纤维产品销量同比增长超 20%；国内T800 级以上高强中模碳纤维销量占比位居行业首位。 2025年，公司锁定重点及新兴领域，聚焦航空航天、风电、光 伏、汽车、体育器材、低空经济等碳纤维需求旺盛的领域。 其中， 吉林化纤 2025年第一季度 营收12.14亿元，同比上升32.39%；归母净利润为826.98万元，同比下降 60.59% 。 2024 年 ， 实 现 营 收 38.83 亿 元 ， 同 比 上 升 3.93%； 实 现 归 母 净 利 润 2888.41 万 元 ， 同 比 下 降 13.90%；实现扣非归母净利润2636.99万元， 同比上升76.88% 。 其中， 碳纤维 营收占比8.24%，同比下滑12.59%，主因行业阶段性供 ...

Core Viewpoint - The company reported a decline in revenue and net profit for 2024, indicating challenges in the market due to overcapacity and increased competition in the carbon fiber industry [1][2]. Financial Performance - In 2024, the company achieved revenue of 2.45 billion yuan, a year-on-year decrease of 2.69%, and a net profit attributable to shareholders of 741 million yuan, down 15.12% [1]. - For Q4 2024, revenue was 548 million yuan, a significant decline of 28.96%, with net profit dropping 49.93% to 126 million yuan [1]. Segment Performance - The carbon fiber and fabric segment generated revenue of 1.45 billion yuan, down 12.91% year-on-year, accounting for 59.27% of total revenue [2]. - The T800 grade carbon fiber saw a revenue increase of 64.64% to 472 million yuan, while the T700 grade remained stable due to increased demand for T700 in equipment [2]. - Wind power carbon beam business experienced a recovery with revenue of 537 million yuan, up 25.81% year-on-year [2]. - The prepreg business generated 234 million yuan, down 12.86%, primarily due to intensified competition and price declines [2]. - The composite technology segment achieved revenue of 107 million yuan, up 15.6%, driven by growth in drone-related businesses [2]. - The precision machinery segment saw a significant increase in revenue of 89 million yuan, up 161.20% [2]. New Product Development - The company is actively developing new products and expanding into new fields such as civil aviation, low-altitude economy, and electromagnetic energy storage [4]. - New T1100 and T1100 grade carbon fibers have been developed to meet high-end equipment needs, with successful applications in drones and electric aircraft [4]. - The GW300 carbon fiber and flame-retardant prepreg have been approved for use in large aircraft, marking a significant milestone for the company [4]. - New high-performance prepregs for various applications, including 3C consumer electronics and photovoltaic industries, have been successfully developed and are in stable supply [4]. Production Capacity Expansion - The company successfully passed the equivalence verification for a certain model of carbon fiber production line, ensuring product performance consistency [5]. - The first phase of the 4000-ton high-performance carbon fiber production line in Inner Mongolia was completed and began production in mid-2024 [5].