Directly Covering Jinfa Technology Shareholders' Meeting: New Chemical Materials Welcome Strategic Opportunities, Actively Expanding AI, Embodied Intelligence and Other Industrial Applications

On May 20, Kingfa Sci. & Tech. Co., Ltd. convened its 2025 Annual General Meeting of Shareholders. Chairman Chen Pingxu, General Manager Wu Di, and other senior executives attended the meeting and engaged in in-depth discussions with shareholders and investors present on key topics including the company’s deepened strategic expansion in the new materials industry, comprehensive penetration into the embodied intelligence and AI industry chain, quality and efficiency improvements in the green petrochemicals segment, and shareholder returns.

According to the 2025 annual report, Kingfa Technology achieved a net profit attributable to shareholders of 1.15 billion yuan, a significant increase of 39.44% year-on-year; in the first quarter of 2026, the company achieved a net profit attributable to shareholders of 305 million yuan, a year-on-year growth of 23.72%, continuing its strong growth momentum.

With the accelerated rise of emerging industries such as artificial intelligence and embodied intelligence, the chemical new materials industry is ushering in strategic opportunities and has become a focal point for the capital market. In the field of new materials, Kingfa Technology, relying on its deep technological accumulation, is driving rapid growth in its specialty engineering plastics and biodegradable plastics businesses. It is reported that Kingfa Technology's penetration into the AI industry chain has already reached a considerable scale, with core materials such as LCP (liquid crystal polyester), PPA (polyphthalamide), and PES (polyether sulfone) being widely applied. The proportion of specialty engineering plastics related to the AI industry has approached 30% of the overall sales of specialty engineering plastics, becoming an important engine for the growth of high-end materials business. In the field of embodied intelligence, the company has formed a dedicated team to collaborate with leading companies in the robotics sector for material co-development and cooperation, taking the lead in positioning itself at the high ground of material demand for humanoid robot industrialization. In the AI computing power domain, the ultra-thin halogen-free flame-retardant PPA and high-flow, low-warp LCP materials launched by the company have met the stringent requirements for dielectric performance and transmission efficiency of high-speed connectors used in AI servers.

In terms of R&D reserves, Kingfa Sci. & Tech. is closely tracking emerging industry trends, continuously intensifying its industrial penetration in embodied intelligence, AI computing power, and the low-altitude economy, while accelerating the industrialization of high-end products such as LCP films, long-chain polyamides, and transparent polyamides, thereby building sufficient technological momentum for future business growth.

In terms of capacity development, Kingfa Science & Technology has established an annual production capacity of 39,000 tons of semi-aromatic polyamide, LCP, and polyarylethersulfone synthetic resins. In addition, the company has planned industrial-scale facilities with annual capacities of 10,000 tons of LCP, 10,000 tons of high-temperature-resistant semi-aromatic polyamide, and 6,000 tons of thermoplastic polyimide, which are scheduled to commence production successively from the first quarter of 2027. Meanwhile, a 1,000-ton-per-year pilot plant for polyetherimide was successfully put into operation in December 2025, and an 8,000-ton-per-year special polyamide facility began operations in April 2026. The clear and orderly capacity ramp-up provides strong support for the scaled development of the company’s new materials business.

While accelerating the expansion of the new materials business, the company has also made positive progress in improving quality and efficiency in its green petrochemical sector. Focusing on the integrated strategy of synthetic modification, Jinhua Technology has achieved integrated production from resin polymerization to material modification within the plant. By implementing online modification, it has reduced the warehousing, logistics, and packaging processes of intermediate products, effectively lowering production costs while enhancing the stability of product formulas and consistency in quality.

Amid the restructuring of the global industrial landscape, Kingfa Sci. & Tech. has continued to advance its globalization strategy, steadily enhancing its localized overseas operations, market development capabilities, and customer service capabilities. The company is actively seizing growth opportunities in overseas markets, driving rapid increases in overseas sales volume and revenue.

Looking ahead to 2026, Jinhua Technology stated that the company will further solidify its core business foundation. Modified plastics, as a fundamental segment, will continue to benefit from cost advantages brought by the automotive export market, appliance material matching, and integrated modification and synthesis. In addition, the company will seize the material demand from emerging fields such as AI computing power, embodied intelligence, and low-altitude economy, injecting strong momentum into its performance growth.