KDXC(SZ:002669)2022-11-19 01:22Group 1: Company Overview and Strategy - Kangda New Materials is committed to a dual-driven development strategy, focusing on expanding its new materials segment and enhancing collaboration in the military technology sector [2]. - The company aims to strengthen its leading position in adhesive new materials through investment projects and technological innovation [2][3]. Group 2: Product Development and Market Position - The adhesive new materials segment includes high-end adhesives and composite materials, with applications in wind power, rail transportation, and consumer electronics [3]. - The company holds over 60% market share in the wind power blade structural adhesive market, with sales of approximately 35,000 tons in 2021 [4]. Group 3: Financial Performance - The military technology segment achieved revenue of 283.27 million yuan in 2021, a year-on-year increase of 31.53% [4]. - The revenue breakdown includes 117.84 million yuan from power module business (up 18.37%), 134.14 million yuan from filters and components (up 58.34%), and 21.31 million yuan from power filter modules (up 19.96%) [4]. Group 4: Challenges and Future Outlook - The decline in net profit in Q1 2022 was attributed to increased receivables, reduced government subsidies, and high raw material prices [5]. - The company is focusing on enhancing production processes and aims to complete upgrades by the end of June 2022 [4].