换肤

雅克科技

i问董秘
企业号

002409

主营介绍

  • 主营业务:

    电子材料、LNG保温绝热板材、阻燃剂的研发、生产与销售。

  • 产品类型:

    电子材料、LNG保温复合材料、阻燃剂

  • 产品名称:

    电子材料 、 LNG保温复合材料 、 阻燃剂

  • 经营范围:

    许可项目:危险化学品生产(依法须经批准的项目,经相关部门批准后方可开展经营活动,具体经营项目以审批结果为准)一般项目:新材料技术研发;专用化学产品制造(不含危险化学品);专用化学产品销售(不含危险化学品);纸和纸板容器制造;塑料包装箱及容器制造;玻璃纤维增强塑料制品制造;玻璃纤维增强塑料制品销售;塑料制品制造;塑料制品销售;工程和技术研究和试验发展;自然科学研究和试验发展;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;货物进出口;技术进出口(除依法须经批准的项目外,凭营业执照依法自主开展经营活动)

运营业务数据

最新公告日期:2026-04-28 
业务名称 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
库存量:LDS设备(台) 46.00 44.00 1.00 - -
库存量:LNG保温绝热材料(立方) 17.31万 20.47万 6.01万 - -
库存量:特种气体、半导体、阻燃剂(吨) 6348.11 7157.74 7560.00 - -
产能:设计产能:CFPR彩色光刻胶(吨/年) 1.07万 - - - -
产能:设计产能:TFT(吨/年) 5184.00 - - - -
产能:设计产能:TFTPR正胶(吨/年) 5712.00 - - - -
产能:设计产能:前驱体(吨/年) 601.92 450.00 - 450.00 -
产能:设计产能:液态输送系统(台/年) 600.00 600.00 600.00 - -
产能:设计产能:球形硅微粉(吨/年) 2.25万 - - - -
产能:设计产能:阻燃剂(吨/年) 5.50万 - - - -
产能:设计产能:高纯六氟化硫(吨/年) 8500.00 - - - -
产能:设计产能:高纯四氟化碳(吨/年) 1200.00 - - - -
产能:设计产能:LNG板:LO3+型(件) 12.00万 12.00万 - - -
产能:设计产能:LNG板:MarkⅢ/GST型(件) 6.00万 - - - -
产能:设计产能:高纯四氟化碳(T/年) - 1200.00 2000.00 2000.00 -
产能:设计产能:阻燃剂(T/年) - 5.50万 5.50万 4.71万 -
产能:设计产能:LNG板:MarkIII/GST型(件) - 6.00万 8.00万 - -
产能:设计产能:球形硅微粉(T/年) - 2.00万 1.05万 1.05万 -
产能:设计产能:TFTPR正胶(T/年) - 4560.00 4560.00 4800.00 -
产能:设计产能:CFPR彩色光刻胶(T/年) - 3120.00 3120.00 3000.00 -
产能:设计产能:高纯六氟化硫(T/年) - 8500.00 1.00万 1.20万 -
产能:设计产能:MUF用球形硅微粉(T/年) - - 3000.00 3000.00 -
产能:设计产能:中高端EMC球形封装材料(T/年) - - 4000.00 4000.00 -
产能:设计产能:覆铜板用球形硅微粉(T/年) - - 2000.00 2000.00 -
产能:设计产能:LOW-α球形硅微粉(T/年) - - 1000.00 1000.00 -
LDS设备库存量(台) - - - 19.00 25.00
LNG复合聚氨酯泡沫板库存量(立方) - - - 2.79万 1.54万
特种气体、半导体、阻燃剂库存量(吨) - - - 3110.14 6738.93
产能:设计产能:LNG储运用增强型绝缘板:LO3+型(件) - - - 12.00万 -
产能:设计产能:光刻胶(T/年) - - - 1.97万 -
产能:设计产能:LNG储运用增强型绝缘板:MarkIII/GST型(件) - - - 6.00万 -

主营构成分析

报告期
报告期

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营业收入 X

单位(%) 单位(万元)
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 主营利润(元) 利润比例 毛利率
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注:通常在中报、年报时披露 

主要客户及供应商

您对此栏目的评价: 有用 没用 提建议
前5大客户:共销售了37.92亿元,占营业收入的44.00%
  • 客户一
  • 客户五
  • 客户二
  • 客户三
  • 客户四
  • 其他
客户名称 销售额(元) 占比
客户一
10.64亿 12.35%
客户五
8.25亿 9.57%
客户二
8.16亿 9.47%
客户三
6.15亿 7.14%
客户四
4.72亿 5.47%
前5大供应商:共采购了11.84亿元,占总采购额的14.29%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
3.62亿 4.37%
供应商二
2.51亿 3.03%
供应商三
2.43亿 2.93%
供应商四
1.76亿 2.12%
供应商五
1.52亿 1.84%
前5大客户:共销售了30.56亿元,占营业收入的44.40%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
14.87亿 21.60%
客户二
7.85亿 11.40%
客户三
2.87亿 4.17%
客户四
2.51亿 3.65%
客户五
2.47亿 3.58%
前5大供应商:共采购了9.02亿元,占总采购额的16.89%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
3.01亿 5.63%
供应商二
2.00亿 3.75%
供应商三
1.71亿 3.20%
供应商四
1.21亿 2.26%
供应商五
1.10亿 2.05%
前5大客户:共销售了17.05亿元,占营业收入的35.94%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
5.78亿 12.18%
客户二
3.24亿 6.84%
客户三
2.77亿 5.85%
客户四
2.74亿 5.78%
客户五
2.51亿 5.29%
前5大供应商:共采购了6.37亿元,占总采购额的17.36%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
1.99亿 6.55%
供应商二
1.44亿 4.16%
供应商三
1.12亿 2.83%
供应商四
9424.12万 2.05%
供应商五
8777.41万 1.77%
前5大客户:共销售了17.22亿元,占营业收入的40.43%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
7.27亿 17.06%
客户2
3.67亿 8.63%
客户3
2.90亿 6.81%
客户4
1.69亿 3.97%
客户5
1.69亿 3.96%
前5大供应商:共采购了5.50亿元,占总采购额的17.60%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
1.33亿 4.25%
供应商2
1.20亿 3.85%
供应商3
1.17亿 3.75%
供应商4
1.05亿 3.36%
供应商5
7460.40万 2.39%
前5大客户:共销售了14.80亿元,占营业收入的39.14%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
6.94亿 18.36%
客户2
3.18亿 8.40%
客户3
1.79亿 4.74%
客户4
1.71亿 4.53%
客户5
1.18亿 3.11%
前5大供应商:共采购了5.76亿元,占总采购额的19.75%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
1.52亿 5.20%
供应商2
1.31亿 4.51%
供应商3
1.27亿 4.37%
供应商4
8505.74万 2.92%
供应商5
8053.43万 2.76%

董事会经营评述

  一、报告期内公司从事的主要业务  二、报告期内公司所处行业情况  公司需遵守《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》中化工行业的披露要求  经过多年的发展,公司成为专业从事液化天然气(LNG)保温绝热板材及电子材料研发、生产、销售的高新技术企业。公司业务以LNG保温绝热板材、半导体前驱体材料、光刻胶、半导体封装填充料及电子粉体材料、特种气体、电子湿化学品和半导体材料输送系统(LDS)为主,少量阻燃剂业务为辅,主营业务没有发生重大变化。  2025年度,半导体行业整体景气度上行,但行业内部分化态势明显,电子材料行业作为半导体行业的上游环节,整体处于稳步发展,产业升级加速的... 查看全部▼

  一、报告期内公司从事的主要业务
  二、报告期内公司所处行业情况
  公司需遵守《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》中化工行业的披露要求
  经过多年的发展,公司成为专业从事液化天然气(LNG)保温绝热板材及电子材料研发、生产、销售的高新技术企业。公司业务以LNG保温绝热板材、半导体前驱体材料、光刻胶、半导体封装填充料及电子粉体材料、特种气体、电子湿化学品和半导体材料输送系统(LDS)为主,少量阻燃剂业务为辅,主营业务没有发生重大变化。
  2025年度,半导体行业整体景气度上行,但行业内部分化态势明显,电子材料行业作为半导体行业的上游环节,整体处于稳步发展,产业升级加速的关键发展阶段。近年来,依托国家政策支持和市场需求红利,我国电子材料行业进入快速发展阶段,国产替代进程持续推进,整体产业竞争力稳步提升。随着全球半导体供应链本土化、多元化布局趋势加深,我国电子材料行业国产化进一步加剧,产业规模快速扩张,电子材料制造企业将凭借技术迭代和场景深耕,迎来技术突破和市场扩容的双重发展机遇。
  天然气作为清洁低碳的化石能源,在全球能源绿色低碳化转型中发挥着重要的作用。近年来,液化天然气基于较为方便运输的优点,在全球范围内得到了广泛的应用。LNG保温绝热板材作为液化天然气储运过程中需要使用的重要材料,在液化天然气储运装备领域应用广泛。得益于液化天然气行业景气度的提升,储运需求不断增长,LNG保温绝热板材需求日益旺盛。我国LNG保温绝热板材业务起步较晚,但发展速度较快,受益于国家政策支持和技术进步,我国LNG保温绝热板材行业国产化进程不断加快,并逐渐向高质量方向发展,国内LNG保温绝热板材制造企业迎来快速发展机遇。
  阻燃剂广泛应用于塑料、橡胶和涂料等高分子材料领域。随着人们对生活品质要求的提高和防火安全意识的增强,市场对阻燃剂的需求也呈现快速增长的态势,这将大力推动阻燃剂市场的发展,为阻燃剂制造企业带来发展机遇。
  公司在电子材料行业有先进的技术储备和丰富的行业经验;在LNG保温绝热板材业务领域,公司是国内首家LNG保温绝热板材供应商,拥有完整的自有技术、先进的生产工艺和高度智能化的产线;在阻燃剂行业,公司深耕多年,经验丰富。在各个业务板块,公司市场布局、技术储备、工艺流程和人才储备等各个方面均有深厚的积累,竞争优势明显,综合实力位居行业前列。
  
  三、核心竞争力分析
  近年来,公司以电子材料、LNG保温绝热板材为主要业务发展方向,坚持走自主创新道路,以市场需求为导向,以科技创新为驱动,以产品质量为根本,以客户服务为保障,在核心管理团队的带领下,凭借先进的技术储备和可靠的产品质量,公司在研发、生产、销售等方面的综合竞争力进一步增强。具体情况如下:
  1、产品技术优势
  公司拥有专业且经验丰富的技术研发和管理团队,具备独立自主的开发技术实力,核心技术聚焦电子材料和LNG保温绝热板材的研发与生产。公司以半导体行业和LNG保温绝热板材行业的发展方向为指导,围绕现有产品及技术成果,在配方开发、新产品研发、工艺优化等方面持续进行研发和技术攻关,已经掌握了半导体前驱体材料、半导体封装粉体填充料及电子粉体材料、特种气体、光刻胶及配套试剂等电子材料和LNG保温绝热板材的关键核心技术,在保持行业内技术优势地位的同时不断拓展公司产品的应用领域,为公司未来发展奠定强劲雄厚的技术基础。
  在电子材料方面,公司拥有中韩双研发中心、双生产基地,坚持以市场需求为导向,以客户满意度为追求,研发团队不断进行突破与优化,掌握了电子材料多项关键核心技术。这些核心技术已经成熟应用于公司生产的半导体前驱体、光刻胶、半导体封装粉体填充料及电子粉体材料等产品,精准满足下游客户需求,提高了产品的附加值,为公司创造了良好的经济效益,提升了公司的技术竞争优势。
  在LNG保温绝热板材方面,公司坚持自主研发,形成了较强的技术壁垒。作为国内首家拥有LNG保温绝热板材生产能力的企业,公司在LNG保温绝热板材方面具有先发优势。经过多年不懈的钻研,公司拥有完整的自有技术、先进的生产工艺和高度智能化的产线,在与下游客户合作过程中,能将这些技术工艺优势及时转化成产业成果,不断巩固公司在行业内的优势地位。
  2、产品多元化优势
  公司紧跟下游行业发展需求,构建了丰富的产品体系,产品布局全面,质量稳定,可广泛应用于半导体芯片制造和液化天然气储运装备制造的不同工艺环节。
  在电子材料领域,公司产品种类丰富,拥有多个产品线,可以满足不同客户对电子材料产品多元化、高品质的需求,充分发挥公司多种产品的协同效应,充分体现了公司的技术水平和配套能力。同时,面对半导体行业的新应用场景,公司有能力精密跟踪前沿市场需求,加速推进满足客户新需求的特色产品研发,具备快速响应市场需求的能力,能持续巩固并提升产品的竞争优势和盈利能力。
  在LNG保温绝热板材业务领域,公司以“关键材料+保温板材+工程安装”为业务模式,服务覆盖LNG保温绝热板材的全应用场景,增强了下游客户的粘性,提升了客户的满意度和忠诚度,进一步增强了公司的竞争优势。
  3、战略布局优势
  公司坚持“建设成为为战略新兴产业进行配套、保障国内战略新兴材料自主供应的平台型公司”的理念,布局LNG保温绝热板材业务、电子材料业务,使得公司形成了以电子材料业务为核心,以LNG保温绝热板材业务为补充的发展格局。公司业务的战略性布局,有利于进一步整合资源,提升公司的经营效益。
  4、客户及市场优势
  优质的客户资源和广阔的市场是公司进一步发展的重要保障。经过多年的市场积累,公司凭借优质的产品质量、持续稳定的供应能力、完善的客户服务,在行业内树立了良好的口碑,得到了客户的广泛信赖,与国内外优质客户形成了长期稳定的合作关系。公司凭借深厚的客户基础,与客户建立了高效的沟通与协调机制,能够快速、精准洞察客户需求,为客户提供最优质的产品和服务。同时,通过持续加强与下游客户之间的技术交流和探讨,公司充分发挥自身技术优势,及时准确地把握市场需求和技术发展趋势,确定产品和技术更新升级方向,将技术优势和客户资源优势进一步叠加,提升市场竞争力。
  5、规模化经营优势
  目前,公司形成了以电子材料业务为核心,以LNG保温绝热板材业务补充的业务发展格局。作为业内领先的新兴材料供应商,公司各个业务的技术、工艺、装备水平均位居行业前列,公司的经营能力、竞争能力都得到长足进步,形成了规模化的经营优势。
  报告期内,公司的核心竞争力没有发生重大变化。
  
  四、主营业务分析
  1、概述
  2025年度,面对更为复杂的经济环境和行业形势,公司在董事会的战略引领和经营管理团队的高效管理下,带领全体员工锚定战略目标,聚焦主责主业,积极谋划部署各项工作,使得公司整体运营水平进一步提高,经营质效显著提升。公司始终坚持以市场和客户为中心,不断深入研发新品,扩大产品矩阵;持续优化产品结构,提升产品性能;积极开展产业协同布局,落实市场开拓计划;在研发、生产、销售和客户服务等各方面都取得了显著成绩,进一步稳固了公司市场优势地位。
  2025年度,公司实现营业收入861,146.91万元,与上年同期相比增长25.49%;实现营业利润和利润总额分别是127,124.36万元和125,831.34万元,分别同比增长19.54%和19.65%;实现归属于上市公司股东的净利润为100,031.65万元,同比增长14.77%
  报告期内,公司的主要经营情况如下:
  一、聚焦主业,稳步提升经营质效
  报告期内,公司始终围绕主要业务板块,以电子材料业务和LNG保温绝热板材业务为主要发展方向,以产品升级迭代和定制化的综合解决方案为抓手,持续开拓新市场、新客户,不断提升产品和服务质量,进一步提高公司盈利能力,提升公司经营业绩。
  1、电子材料业务
  伴随人工智能(AI)、移动通讯、汽车电子和物联网技术和应用的快速发展,算力和数据中心等基础设施建设大规模展开,带动了集成电路的市场需求和产业发展。我国为推动数据中心的建设,也相继推出了《国家数据基础设施建设指引》、《“十四五”国家信息化规划》等政策,促进了存储芯片和逻辑芯片的需求快速增长。据世界半导体贸易统计组织(WSTS),2025年全球半导体市场规模将达到6870亿美元,较2024年的6110亿美元增长12.5%。中国半导体市场在政策支持和国产替代推动下,预计到2027年将突破2380亿美元,2023年至2027年复合年增长率(CAGR)为7.3%,显示出强劲增长潜力。
  目前,公司的电子材料产品线主要包括半导体前驱体材料、光刻胶及配套试剂、电子粉体材料、特种气体、半导体材料输送系统(LDS)等,产品种类丰富,形成了电子材料业务多品种的研发、生产和销售的平台,能充分发挥在技术和市场的协同效应,电子材料业务的销售规模不断增长,提高了盈利水平。
  2025年,在半导体前驱体材料业务领域,公司凭借不断迭代升级的产品和技术,以及覆盖国内外头部半导体制造商的优势,持续保持领先的行业地位。公司半导体前驱体包括高介电常数(high-k)材料、硅基材料和金属材料等类别,品种较多,广泛运用于3D NAND、NOR FLASH等存储芯片,DRAM内存芯片和逻辑芯片等先进制程。半导体前驱体研发方面,公司加大研发投入,已构建中国和韩国双研发部门,跟踪半导体前驱体世界前沿技术和应用的发展方向,不断开发芯片先进制程薄膜沉积工艺和人工智能先进封装复杂芯片组所需的各种前驱体材料。报告期内,江苏先科半导体前驱体材料国产化项目的相关产品陆续通过国内客户端测试验证,产线陆续转入批量试生产,在保持高等级品质标准的同时产量逐步扩大。2025年,公司前驱体材料销售收入继续增长,利润水平相应提高。芯片先进制程的半导体前驱体需要多种稀有金属作为原材料,我国具有较丰富的稀有金属资源和世界领先的金属分离冶炼技术和产能,公司正在规划和积极布局前驱体金属原材料的国产化,将为原材料供应链稳定安全和降低生产成本提供坚实的基础。
  公司是国内显示光刻胶行业内领先的供应商,同时拥有红绿蓝彩色光刻胶、TFT-PR光刻胶和OC/PS封装透明光刻胶等多个品类,广泛运用在超薄大尺寸液晶显示器(LCD)和有机发光显示器(OLED)。公司有多个显示光刻胶生产线,满足了不同客户对显示光刻胶的适配性和多技术规格的要求。在新产品开发方面,公司陆续开发出彩色光刻胶关键原材料色浆和树脂等,正积极推进验证测试。显示光刻胶的关键原材料部分自供将降低产品成本和提高盈利能力。公司显示光刻胶业务的客户包括京东方、LG显示、华星光电、惠科和深天马等国内外多家主流显示厂商。公司具有丰富的显示光刻胶品种和国内外多家主流显示厂商客户,为显示光刻胶业务持续增长提供了强劲动力。印刷OLED(IJP OLED),是指将有机材料先配置成溶液,然后通过极高精度的喷墨印刷设备直接喷涂于预制好的像素孔基板上,以确保每一滴有机材料可以精准“着陆”,从而使得有机材料的利用率高达90%,较之真空蒸镀工艺大幅提高,并且不需要高精密的金属掩膜版。因此,印刷OLED综合制造成本更低。公司多年前就开始布局彩色打印墨水的产品研发,目前产品已开始在主流显示厂商小规模产线上验证测试。
  2025年7月19日,我国宣布雅鲁藏布江下游超级水电工程(简称雅江下游水电)正式开工建设。据公开媒体资料,雅江下游水电将建设5座大型电站,工程总投资约1.2万亿元,电力主要以外送消纳为主,本地消化为辅。2026年初,我国推出“十五五”电力发展规划,国家电网总投资将达到4万亿元,较“十四五”增长40%。“十五五”国家电网将投入15项特高压直流工程,跨省区输电能力将提升35%,区域电网共济能力提升1倍。国家电网及特高压直流工程的大规模建设将促进成都科美特六氟化硫绝缘气体的市场需求。同时,公司内蒙古科美特项目建设推进顺利,预计将于2026年三季度开始投入生产。15000吨电子特气新产能的建设,不仅能满足增量的市场需求扩大销售规模,而且充分利用内蒙古绿电资源禀赋,降低生产电费成本。同时,成都科美特强化精细化管理,在报告期内投入使用产品在线分析系统,并优化整流机和反应器,提高了产品质量和产量。未来,公司将以“成为业内领先的电子特气供应商”为目标,继续在含氟类电子特气领域深耕细作,研发高品质产品,提高市场份额,努力保持行业领先地位。
  随着AI大模型等技术的迅猛发展,全球算力与数据存储需求呈爆发式增长,直接推动芯片封装、上游印制电路板(PCB)及高频高速覆铜板(CCL)市场需求迅速增加。据QY RESEARCH行业研究报告,随着消费电子产品、物联网、大数据、云计算、5G通讯和人工智能等在全球应用的普及,拉动了集成电路的需求,相应芯片封装材料需求也不断增长。到2027年,预计球形硅微粉全球销售额将达到7.74亿美元,其中亚太地区的占比88.98%。2025年,华飞电子业务稳健成长并积极推进新产品在下游客户端的测试验证。湖州雅克华飞电子材料有限公司“年产 3.9万吨半导体核心材料项目”原材料产线建设完成,雅克先科(成都)电子材料有限公司的“年产2.4万吨电子材料项目”在报告期内已有9条产线转入批量生产,开始为华飞电子批量供应半成品球形硅微粉。雅克先科(成都)的批量生产,并结合彭州地区的天然气和液氧等资源禀赋优势,有利于球形硅微粉进一步降低生产成本,提升市场竞争力,促进销售的整体增长。
  2025年度,公司的半导体材料输送系统(LDS)继续保持国内半导体设备领域细分行业的领先优势,国内市场占有率持续领先竞争对手,“半导体材料+输送系统”的协同效应持续发挥作用,业绩稳步提升。
  雅克南通的湿电子化学品业务在报告期内得到进一步提升,通过开发新产品和新客户,产能得到进一步释放,销售收入同比大幅增长,盈利水平大幅提高。
  2、LNG保温绝热板材业务
  2025年,受益于下游液化天然气(LNG)大型运输船舶需求及液货舱超低温保温复合材料需求的持续增长,报告期内,公司LNG 保温板材和工程安装业务同比增长达到57%。
  报告期内,公司为沪东中华、江南造船、大连造船、招商海门和扬子江船业建造的多艘大型LNG运输船和燃料舱提供保温绝热板材,并为部分客户提供工程安装,由公司提供板材的全球首艘MARKⅢ /FLEX型大型LNG运输船顺利交付并投入使用。2025年,公司完成了基于第四代绿色环保型发泡HFO的增强型聚氨酯泡沫材料和设计蒸发率为0.07%的MARKⅢ/FLEX+聚氨酯模块的GTT认证。公司RSB、FSB次屏蔽层材料在试用过程中表现良好,赢得了客户的初步认可,已经获得了培训材料的业务订单。公司LNG储运用增强型绝缘保温复合材料国产化项目也已初见成效。在完成并交付前期订单的同时,公司与下游船东和陆上储罐制造商保持着密切友好的关系,为未来板材销售及获取工程施工订单争取客户资源优势。报告期内,公司在手订单充足,长期盈利能力稳步增强。
  3、阻燃剂业务
  报告期内,滨雅雅克阻燃剂工厂已取得阻燃剂主要品种的生产许可,同时,宜兴阻燃剂工厂已基本停止阻燃剂生产。未来阻燃剂的生产将集中在滨海雅克工厂,将提高滨海雅克生产线的产能利用率。
  二、加强研发,助力稳固优势地位
  公司坚持强化研发创新引领产品升级。报告期内,公司贯彻执行以技术为主导的发展战略,坚持自主研发,坚持面向产业需求,面向前沿技术的战略定位进行产品技术的迭代升级。报告期内,随着产业的快速发展和与客户协同的逐步加深,公司围绕市场需求和客户新材料、新工艺的迫切要求,在电子材料、LNG保温绝热板材领域持续加大研发投入,创新产品技术,满足客户定制化方案需求。
  在电子材料方面,公司持续加大研发投入,发挥好中韩双研发中心的协同作用,积极丰富电子材料产品种类,并及时推进在客户端的测试认证,努力将研发成果转化成实际生产力,助力公司业绩提升。在LNG保温绝热板材方面,公司持续推进技术的迭代升级,推进新一代保温绝热板材的研发深化,并加快从船用领域向陆地LNG接收站、储罐等场景拓展,业务边界持续拓宽。
  报告期内,公司坚持科技创新推动高质量发展,研发成果获得客户的高度认可,提升了综合竞争实力。
  三、强化管控,推进落实降本增效
  报告期内,公司持续加强管控,深化精益生产,提升运营效率,全面推进落实降本增效策略。公司通过持续提升的技术研发和创新能力,在保证产品质量稳定和可靠的同时,积极提高生产效率,提升公司的盈利能力。面对不确定的外部市场环境,公司积极把握可以控制的因素,优化采购、生产、财务等业务部门的管控措施,把降本增效的各项措施落实到实际经营过程中,在各个环节努力降低经营成本,提高资金使用效率,全面推进企业提质增效。
  四、完善治理,夯实筑稳发展根基
  报告期内,公司持续完善治理结构,不断优化和调整经营管理体制,积极提高治理水平,健全各项规章制度,加强内控建设,夯实公司发展根基,促进公司各项业务高质量发展。
  
  五、公司未来发展的展望
  一、行业格局和趋势
  公司研发生产的半导体前驱体材料、光刻胶、半导体封装粉体填充料及电子粉体材料等产品属于电子材料业务,属于半导体材料行业的细分行业领域。电子材料作为集成电路产业的关键配套材料,对集成电路产业的发展起着重要的支撑作用。2025年,全球半导体材料行业处于需求结构分化、产业升级加速的关键发展阶段,整体呈现稳步发展态势,国内半导体材料企业依托政策支持与市场需求红利,进入快速成长阶段。近年来,在国家鼓励半导体材料国产化的政策导向下,国内电子材料企业产品技术水平和研发能力不断增强,国产化替代进程持续推进,从单一产品突破向产业链配套完善逐步过渡,整体产业竞争力稳步提升,国内电子材料头部企业将凭借着技术与产能优势,进一步稳固市场地位,推动行业高质量发展。
  公司在电子材料行业深耕多年,业务布局良好,产品种类丰富,工艺技术先进,构建了覆盖半导体制造关键环节的协同产业链,在半导体前驱体、光刻胶、特种气体等核心细分领域实现行业领先布局,竞争实力明显。公司多个产品条线国产替代进程进一步深化,有力助推国产相关产业发展,综合实力位居行业前列。
  公司的LNG保温绝热板材业务属于液化天然气储运装备制造领域的上游环节,对液化天然气储运装备制造行业的发展起着重要作用。2025年度,全球液化天然气行业供需整体宽松,贸易量稳步增长,带动了液化天然气储运装备制造行业的快速扩张,LNG保温绝热板材需求量持续增加,配套储运装备材料等细分领域迎来快速发展机遇。
  公司作为全球少数几家获得法国GTT认证的LNG保温绝热板材供应商,拥有完整的自研核心技术、先进的生产工艺和高度智能化的生产线,先发优势明显;公司与下游造船企业保持了良好的合作关系,产品品质获得高度认可,未来发展形势良好。
  二、公司的发展战略
  未来,公司将继续坚持“建设成为为战略新兴产业进行配套、保障国内战略新兴材料自主供应的平台型公司”的理念,以电子材料、LNG保温绝热板材为主要业务发展方向,坚持瞄准行业前沿技术,面向全球产业需求,努力突破技术壁垒,助力国家相关产业实现自主可控。公司将持续投入资源进行技术创新和产品研发,围绕自身核心技术,以产业发展和客户需求为目标,通过自主研发、联合研发促进现有产品的迭代升级,进一步完善产品布局,拓展市场应用,开发优质客户,提升公司竞争力,推动公司健康快速高质量发展。
  三、公司的经营计划
  2026年,公司将继续聚焦主责主业,持续加大研发投入,打造技术更先进、工艺更领先、方案更具特色的新质生产力。公司将继续围绕产业链纵向延伸,针对产品线进行横向拓展,进一步完善公司的业务布局,努力实现公司的战略发展目标。同时,公司将进一步优化管控,完善治理,实现降本增效,促进公司高质量发展。
  四、可能面临的风险
  1、宏观环境变动风险
  目前,全球经济复苏,长期经济形势和消费向好,但全球政治经济形势复杂,未来宏观环境走向存在一定的不确定性,若公司不能及时有效应对,将会导致公司未来的经营发展存在一定的不确定性。
  为此,公司将密切关注经济和产业政策的变化,灵活采取措施积极应对宏观环境变动所带来的风险和挑战。公司将及时调整经营战略,持续加大对市场的开拓力度,进一步提升公司产品的市场份额。同时,公司将持续进行研发创新,深挖客户需求,提升服务质量,进一步增强公司产品的市场竞争力,不断增强核心竞争力和抗风险能力。
  2、行业周期性波动及竞争加剧风险
  公司的电子材料和LNG保温绝热材料受下游半导体行业及液化天然气行业景气状况的影响较大,半导体行业和液化天然气行业具有技术和市场呈周期性发展的特点,且半导体行业周期的频率要远高于经济周期,公司电子材料业务和LNG保温绝热板材业务的市场需求与前述行业的发展状况息息相关。同时,目前市场上已经出现了一些与公司部分产品相似且具有较强竞争力的企业,行业竞争日趋激烈。随着半导体行业和液化天然气行业的不断发展,未来不能排除存在较大规模、有一定技术积累的更多企业进入公司所在行业的可能,公司将可能面临比较激烈的市场竞争。
  为此,公司将不断加强技术和产品创新,不断丰富公司的产品组合,拓宽公司产品的应用领域,提升核心竞争力。公司将密切关注市场动向,了解客户需求变化,积极调整产品结构,及时调整经营发展目标,降低行业和市场波动给公司带来的影响。
  3、汇率波动风险
  公司有一定比重的境外收入,汇率波动在一定程度上会给公司收益造成较大程度的影响。
  为此,公司将增强汇率风险防范意识,密切关注汇率波动情况,采取适时结汇、锁定汇率等措施规避或降低汇率波动风险。同时,公司将综合使用金融工具,提前做好外汇资金的财务规划,尽可能减少汇率波动对公司盈利水平造成的影响。
  4、管理整合风险
  随着公司资产规模和经营规模的持续扩大,公司的组织机构和管理体系日益复杂,对公司在机制建立、经营管理、内部控制等诸多方面提出了更高的管理要求。如果现有管理体制不能适应不断扩张的公司规模,将对公司的生产经营造成不利影响。
  因此,公司将根据经营方针、战略规划和未来发展形势,持续优化资源配置,强化内部管控,提升决策效率,提高经营管理水平,增强公司的整体竞争实力,实现公司可持续高质量发展。 收起▲

产品价格

数据截至(20260430)
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