万顺新材(300057) - 万顺股份调研活动信息

Group 1: Company Overview - Wan Shun Packaging Materials Co., Ltd. focuses on the consumer goods market with three main business segments: paper packaging materials, aluminum foil, and functional films [3][4]. Group 2: Business Segments - Paper Packaging Materials: The company has a total production capacity of 80,000 tons, primarily producing transfer paper and composite paper, serving clients in tobacco, alcohol, and consumer product packaging [3]. - Aluminum Foil: The subsidiary Jiangsu Zhongji has an annual production capacity of 83,000 tons for aluminum foil, while other subsidiaries have over 100,000 tons for aluminum sheets and strips. The company sold 77,000 tons of aluminum foil last year, with full capacity utilization in the first three quarters of this year [3][4]. - Functional Films: The company operates 7 German roll-to-roll magnetron sputtering coating production lines and 5 precision coating lines, producing products such as conductive films and smart light-control heat-insulating films [3][4]. Group 3: Market Demand and Growth - The aluminum foil market is expanding, with applications in food, batteries, pharmaceuticals, tobacco, and hygiene products. The demand for double-zero aluminum foil is increasing, and the company is targeting new growth areas such as capacitor foil and battery packaging [4][5]. - The smart light-control heat-insulating film has unique automatic dimming features, achieving over 99% UV blocking and over 80% infrared blocking, with energy-saving effects certified to reduce air conditioning energy consumption by 30% [5][6]. Group 4: Strategic Initiatives - The company is expanding its energy-saving market by developing and nurturing local distributors and promoting its products to end customers. It has acquired a 51% stake in Jiangsu Xinfurui Energy-saving Glass Co., Ltd. to deepen its market penetration [5][6]. - The high-barrier film project is underway, with the main equipment for electronic beam evaporation already ordered, targeting applications in quantum dot TVs and flexible photovoltaics [6][7]. Group 5: Future Growth Points - Future growth is expected from the aluminum foil business through technological upgrades and capacity expansion to meet new market demands [7]. - The expansion of energy-saving films and functional films such as PDLC films and nano-silver films is anticipated to contribute significantly to the company's performance [7].