PRET(002324)2025-03-05 11:10Company Overview - Shanghai Pulite Composite Materials Co., Ltd. is focusing on the development of modified materials and new energy sectors as part of its strategic growth plan [1][6]. Modified Materials Business - The modified materials business is expected to grow by 10%-15% in revenue for 2024, with 90% of income derived from the automotive industry [1][2]. - Current production capacity is fully utilized, but there is a capacity gap during peak seasons. New factories in Wuhan, Foshan, and Tianjin will help meet demand and increase market share [1][2]. Robotics Application - The company is exploring applications of modified materials in the robotics sector, with some materials already supplied to industrial robots, although this segment currently represents a small portion of overall business [2]. New Energy Sector - Following the strategic restructuring of Jiangsu Haida in 2022, the company is investing in new battery production bases in Jiangsu, Guangdong, and Malaysia, with a total expected capacity of 15 GWh [3]. - The company is focusing on sodium-ion batteries and semi-solid/solid-state batteries, with the first batch of 314Ah semi-solid batteries expected to roll out soon [3]. LCP Business Development - The company holds proprietary technology in LCP resin synthesis and is the only domestic producer capable of mass-producing LCP films [4]. - Strong progress has been made in customer validation, with expectations for bulk delivery this year, particularly in high-frequency communication applications [4]. Future Strategic Planning - The company aims to implement a "new materials + new energy" dual-driven development strategy to enhance production capabilities and promote high-quality growth [6]. - The modified materials business will serve as a stable foundation, while ICT materials and new energy sectors are expected to drive rapid growth [6].