Recently, Sinomaterials disclosed investor relations activity records show that the company adheres to product innovation and cost reduction in the glass fiber business, and it is expected that glass fiber prices will fluctuate around reasonable prices in the medium and long term. At present, the price of wind power, thermoplastic shorting and other products has risen. Taishan Glass fiber specialty glass fiber products, such as low-dielectric electronic cloth generation products, have entered the situation of short supply, and plans to expand the supply capacity. Taishan's specialty glass fiber business is expected to improve the company's profitability.

Sinoma Technology's 2024 financial report data show that the company achieved annual operating income of 23.984 billion yuan and net profit of 892 million yuan. Among them, glass fiber business through differentiated product price increase and technological innovation to improve profitability, wind power blade sales increased by 10.9%, lithium battery diaphragm products to achieve sales of 1.9 billion square meters, an increase of 9.4%.

The company's strategic layout continues to deepen, focusing on technology research and development in the field of hydrogen energy storage and transportation equipment, lithium battery separator and wind power blade. In 2024, the R&D investment reached 1.312 billion yuan, accounting for 5.47% of the operating income, and it is planned to strengthen the cost control ability through technological innovation, and it is planned to achieve "double growth" of the total operating income and profit in 2025. (Source: Finance, SINOMA Technology)