KDXC(SZ:002669)2025-11-23 02:42Group 1: Company Overview - Kangda New Materials Group focuses on adhesive and specialty resin materials, as well as electronic information materials and electronic technology [2] - The company’s subsidiary, Dalian Qihua New Materials Co., has an epoxy resin diluent production capacity of 4,000 tons per year (single shift) [2] Group 2: Production and Supply - The demand for epoxy resin diluents has increased significantly due to a substantial rise in sales of wind power epoxy structural adhesives and infusion resin products in 2025 [2] - Currently, the supply of epoxy resin diluents comes from both internal production and external procurement, with plans to increase the internal supply ratio in the future [2] Group 3: Market Position and Sales Performance - Kangda is a leading supplier of adhesives for wind turbine blades in China, holding the largest market share for epoxy structural adhesives and leading in the infusion resin segment [3] - In the first three quarters of 2025, the sales volume of adhesives and specialty resin materials has steadily increased, significantly boosting net profit [3] - The demand for wind turbine blade products has been a major driver of business growth due to the rising prosperity of the wind power industry [3] Group 4: Pricing Strategy - The price fluctuations of epoxy resin diluents, a key raw material for epoxy structural adhesives and infusion resins, can impact the company's products [3] - The company has pricing flexibility in its niche market segments, allowing it to adjust pricing strategies in response to raw material price increases [3]