Chongqing Polycomp International (SZSE:301526) Could Be Struggling To Allocate Capital
International Composite Materials (301526.SZ): Low-dielectric Fiberglass products have been applied in some high-end mobile phones, key wave-transmitting products for 5G high-frequency Communications, and other products.
On February 13, Gelonghui reported that International Composite Materials (301526.SZ) stated in investor relations that the low dielectric Fiberglass products for 5G have very high technical barriers, requiring significant investment in research and development, as well as funding. The company is one of the earlier enterprises to begin research and production of low dielectric Fiberglass products, which have been applied in some high-end smartphones and key transmission products for 5G high-frequency communication. The company will actively respond to market changes and continuously optimize product performance to meet the demand for low dielectric, high-performance materials in Communications Equipment.
International Composite Materials (301526.SZ): Overseas customers are mainly concentrated in North America, the Middle East, Europe, South America, and East Asia.
Glory Holdings stated on February 13 that International Composite Materials (301526.SZ) has established production bases for fiberglass and products in overseas locations such as Brazil, Bahrain, and Morocco, as well as trade subsidiaries in the USA, Netherlands, and Hong Kong. The product marketing network spans globally, with overseas clients mainly concentrated in North America, the Middle East, Europe, South America, and East Asia, all maintaining long-term stable cooperative relationships with the company. The production, operation, and business situation overseas is overall relatively stable. Currently, the uncertainties in global political and economic factors continue to increase, and the company will continue to enhance the comprehensive competitive advantages of its overseas factories while keeping a close eye on the overseas market.
International Composites (301526.SZ): The company's production capacity in the fields of wind power, thermoplastics, thermosets, and electronics is relatively stable.
On February 13, Glonghui reported that International Composites (301526.SZ) indicated in investor relations that the company has a rich product structure, being one of the companies in the Industry with the most varieties and specifications of mass-produced Fiberglass. The products are widely used in areas such as Wind Power Blades, Autos manufacturing, rail transportation, Electronics Communications, home appliances, industrial tanks, Building Materials, and Aviation, able to meet the growing market demand. From the perspective of product structure, the company's production capacity in wind power, thermoplastics, thermosets, and electronics is relatively stable, with wind power and thermoplastics having a relatively high capacity share, while the electronics capacity is relatively small.
International Composites: 2024 Annual Results Forecast
International Composite Materials (301526.SZ): Expected loss in 2024 is between 0.28 billion yuan and 0.372 billion yuan.
On January 20, Gelonghui reported that International Composites (301526.SZ) expects a loss of 280 million yuan to 372 million yuan in 2024, with a non-recurring loss of 378 million yuan to 476 million yuan. During the reporting period, the demand for Fiberglass was below expectations, and the prices of fiberglass products remained low. The prices of the company's main products decreased year-on-year, foreign exchange gains decreased year-on-year, and asset disposal gains decreased year-on-year, leading to a decline in profitability compared to the same period last year. During the reporting period, the company reduced costs and improved profitability through measures such as upgrading production lines with cold repair technology and optimizing product structure.
International Composites (301526.SZ): The electronic-grade Fiberglass produced is mainly used in the fields of electronics, automotive electronics, and 5G communications.
On January 16, Gelonghui reported that International Composite Materials (301526.SZ) stated on the investor interaction platform that the electronic-grade Fiberglass produced by the company is a key material for making Copper Clad Laminate (CCL) and Printed Circuit Boards (PCB). It has excellent electrical insulation performance, fireproof and flame-retardant properties, and aging resistance, primarily used in the fields of electronics, automotive electronics, and 5G communications. Specific application scenarios are determined by the customers based on their own needs.
Chongqing Polycomp International Corporation (SZSE:301526) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
Southwest Securities: Pay attention to positive changes on the supply side in 2025, with a focus on consumer building materials.
Looking ahead to the construction new materials Industry in 2025, attention should be paid to positive changes on both the supply and demand sides.
Is Chongqing Polycomp International (SZSE:301526) Using Too Much Debt?
International Composite Materials (301526.SZ): There is no direct business relationship with consumer terminal enterprises.
On December 16, Gloronghui stated on the investor interaction platform that International Composite Materials (301526.SZ) produces electronic-grade Fiberglass cloth, which can be used in the production of copper-clad laminates and is a common material in printed circuit boards (PCBs). It is an important basic material in the electronic industry and is widely used in communications, computers, Consumer Electronics, and automotive electronics, among other fields. In addition, the company's independently developed low-dielectric Fiberglass for 5G has also achieved mass production. In 2024, there is no significant change in the company's sales in the electronics field. The Fiberglass produced by the company serves various application fields.
China Galaxy Securities: Fiberglass exports may be restricted by trade, bullish on companies with diversified overseas production capacity.
As of September 2024, China's total fiberglass exports reached 1.618 million tons, with 0.1918 million tons exported to the usa, accounting for 11.85%; the total export value was 2.26 billion US dollars, with 0.301 billion US dollars exported to the usa, accounting for 13.34%.
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International Composites: Report for the third quarter of 2024
Globe Composite Materials (301526.SZ) released its performance for the first three quarters, with a net loss of 0.157 billion yuan.
International Composite Materials (301526.SZ) released the third quarter report for 2024, with a revenue of 53...
China International Composite (301526.SZ): Net loss of 0.157 billion yuan in the first three quarters.
Gelonghui on October 23rd: International Composite Materials (301526.SZ) released its third-quarter report, with revenue of 5.389 billion yuan, a year-on-year increase of 2.01%, a net loss of 0.157 billion yuan, a non-recurring net loss of 0.217 billion yuan, and basic earnings per share of -0.04 yuan.
Chongqing Polycomp International to Invest 2.3 Billion Yuan in Glass Fiber Production; Shares Fall 9%
International Composite Materials (301526.SZ) plans to invest 2.304 billion yuan in the construction of electronic-grade fiberglass production line equipment upgrades and digitalization quality improvement and efficiency enhancement projects.
Announcement from International Composite Materials (301526.SZ): The board of directors of the company has approved the "Proposal on the Construction of Electronic Grade Fiberglass Production...
International Composite (301526.SZ): Currently not supplying fiberglass products to PBO fiber manufacturers.
Gelonghui September 4th, International Composite Materials (301526.SZ) stated on the investor interaction platform that PBO fiber is Poly-p-phenylene benzobisoxazole fiber, which belongs to organic polymer materials. The company's production of fiberglass belongs to inorganic fibers, and the two materials are not strongly correlated. The company has not yet supplied fiberglass products to PBO fiber manufacturers.