Investment Rating - The industry investment rating is maintained as "Positive" [6] Core Insights - The trend towards lightweight humanoid robots is irreversible, with the future widespread application of electronic skin expected to drive growth in orders for dexterous hands and related manufacturers, benefiting lightweight material and component suppliers [3] - TPU (Thermoplastic Polyurethane) materials exhibit significant advantages such as good stretchability, abrasion resistance, thermal stability, and corrosion resistance, with sufficient domestic production capacity [9][17] - The global electronic skin market is projected to reach USD 6.44 billion by 2025 and USD 111.53 billion by 2035, with a compound annual growth rate (CAGR) of 33% over the next decade, driven primarily by medical needs, wearable devices, and robotics applications [13][17] Summary by Sections TPU Material Advantages - TPU materials combine the processing capabilities of plastics with the elasticity of rubber, offering excellent biocompatibility, high-temperature resistance, and corrosion resistance. The domestic production capacity is primarily focused on mid-to-low-end products, with leading domestic companies achieving quality comparable to international leaders [9][18] Electronic Skin Market - The electronic skin market is expected to grow rapidly, with robotics applications accounting for approximately 42% of the market. About 68% of robotics laboratories are actively testing electronic skin to enhance tactile perception [13][17] Application in Robotics - TPU materials are well-suited for the performance requirements of electronic skin and lightweight structural components in robots. They have been explored in applications such as the passive support system of the Xiaopeng IRON robot and in collaborations between Fourier Intelligence and BASF [17][18]

Group 1 - The company, Meirui New Materials (300848), is closely tracking the development trends in cutting-edge industries such as robotics [1] - The company is actively researching the application possibilities of new materials like TPU in these industries to seize future market opportunities [1] - The goal is to expand new business opportunities through innovation in material applications [1]

Group 1 - The core viewpoint of the article is that Meirui New Materials (300848) has responded to investor inquiries regarding the market situation of its products, indicating that detailed information will be available in the company's regular reports [1]

Core Viewpoint - The company, Meirui New Materials, has established itself as a leading supplier in the domestic market with its PPDI facility, which is the largest industrial-scale facility globally [2] Group 1: Company Positioning - The PPDI facility located in Henan is currently the largest of its kind in the world [2] - The company is actively collaborating with international industry benchmark enterprises to expand its overseas market presence [2] Group 2: Product Performance - The company's PPDI products demonstrate superior performance in key indicators compared to similar competitors, showcasing higher stability and greater added value [2] - The company holds independent intellectual property rights for this product, although specific technical parameters and quantitative comparisons cannot be disclosed due to commercial confidentiality [2]

Core Viewpoint - The company is steadily and orderly releasing production capacity for its products in response to market demand and customer development progress, which is expected to enhance its competitive edge in the specialty isocyanates and amines market [1] Group 1: Company Developments - The company's subsidiary in Henan is ramping up production capacity in line with market orders and customer development [1] - The specialty isocyanates and amines produced by the company utilize advanced international processes, resulting in high technical added value and superior performance [1] - The new production capacity is anticipated to stabilize the supply of specialty monomer materials, contributing to significant economies of scale and reinforcing cost advantages [1] Group 2: Industry Impact - Large-scale industrial production is expected to provide better quality and more economical raw material solutions for downstream applications [1] - The company's efforts aim to enable more customers to access high-performance specialty monomer materials, thereby promoting industry development [1]

Core Viewpoint - Meirui New Materials (300848) has established a competitive advantage in the TPU sector through differentiated products and efficient, low-cost supply capabilities [1] Group 1 - The company has developed a certain competitive edge in the TPU field after years of development [1] - The company is expanding its upstream supply chain through a project in Henan, focusing on the development of specialty isocyanate products [1] - This initiative aims to ensure stable supply and low-cost production of specialty raw materials for polyurethane new materials, enhancing the company's risk resistance and core competitiveness [1]

Core Viewpoint - The company emphasizes the importance of the Henan project and is committed to its construction and operation, indicating that achieving production efficiency is a gradual process involving complex technical adjustments and customer certification [1] Group 1 - The company is actively coordinating resources to advance customer validation work and production planning for the Henan project [1] - The goal is to achieve project production efficiency as soon as possible [1]

Core Viewpoint - Meirui New Materials (300848) is accelerating the construction of its 10,000-ton expandable thermoplastic polyurethane elastomer project, with progress aligning with expectations [1] Group 1: Project Development - The company is advancing its project for producing 10,000 tons of expandable thermoplastic polyurethane elastomers as planned [1] - The construction progress is in line with the company's expectations [1] Group 2: Product Characteristics and Market Potential - The self-developed foamed TPU represents a new application of TPU in the footwear sector, characterized by lightweight and high rebound properties [1] - Foamed TPU is easy to process and is typically used in the midsoles of sports shoes, indicating a favorable market development outlook [1] Group 3: Competitive Advantage - The core raw material for foamed TPU is HDI, which has synergistic advantages with the company's Henan project [1] - With the production launch of HDI in Henan, the competitive advantage of the company's foamed TPU is expected to strengthen, facilitating market sales and expansion [1]

美瑞新材（300848.SZ）1月8日在投资者互动平台表示，我司没有与杭高院合作芳香胺等工艺的相关项 目。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：董秘你好，公司与杭高院合作的芳香胺新工艺降本 40%，年节约成本超3亿元，2026年Q2将规模化投产，请问目前中试进展是否超预期？ ...

格隆汇1月8日丨美瑞新材(300848.SZ)在投资者互动平台表示，我司没有与杭高院合作芳香胺等工艺的 相关项目。 ...