On the night of April 28, Dawn Polymer released an announcement stating that the board of directors approved the acquisition of Shandong Dawn Titanium Industry Co., Ltd. (hereinafter referred to as "Dawn Titanium"). Earlier, on April 24, Dawn Polymer also announced the acquisition of Anhui Bost New Material Co., Ltd. (hereinafter referred to as "Anhui Bost"). The acquisition of 100% equity in these two companies marks a new step in Dawn Polymer's capital operations, accelerating its layout in the new titanium industry track and deepening its focus on the polymer materials segment for cables.
As a domestic A-share publicly listed firm specializing in thermoplastic elastomers, Dawn Polymer is recognized as a national high-tech enterprise and a national single champion product enterprise. It is committed to providing solutions for elastomers, modified plastics, masterbatches, and polyester materials. Its products are mainly applied in automotive transportation, home appliances, communication, medical and health, aerospace, mass consumption, and new energy sectors. Several core products lead industry standards and compete on the global stage.
According to reports, Dawn Polymer currently has an annual capacity of 7 million mt, with thermoplastic elastomers (TPV) holding approximately 50% of the domestic market share. Its market share for imported substitute products has ranked first nationwide for 15 consecutive years. On April 24, Dawn Polymer's financial report revealed that the company achieved a 16.65% YoY increase in operating revenue in 2024, reaching a record high. In Q1 2025, the company's operating revenue grew 6.58% YoY, while net profit attributable to shareholders rose 25.44% YoY, demonstrating strong momentum for high-quality development.
Dawn Titanium is a top performer in China's titanium dioxide industry. Industry experts pointed out that Dawn Titanium's core products, such as titanium dioxide and ferrous sulphate, are new inorganic chemical materials that complement Dawn Polymer's existing polymer new materials business. After the acquisition, resource integration and enhanced synergy will drive Dawn Polymer's progress in technological innovation and product optimization, improve its risk resistance, reserve more momentum for future performance growth, and accelerate the realization of its strategic vision.
According to data from the China Electrical Equipment Industry Association, China's wire and cable market has a trillion-level market size, with steadily growing demand driving continuous growth in downstream demand for polymer materials used in cables. With the construction of new-type power systems, the performance requirements for cable materials, such as voltage resistance, high-temperature resistance, wear resistance, oil resistance, weather resistance, flame retardancy, environmental protection, ultra-thinness, flexibility, and resistance to rodents and termites, are continuously increasing. The material system has gradually evolved to include special PVC, PE, XLPE, halogen-free low-smoke polyolefins, PP materials, special rubber, thermoplastic elastomers, and other polymer materials.
Anhui Bost, headquartered in Xuancheng, Anhui province, is a company specializing in the production of cable insulation materials. Through this acquisition, Dawn Polymer will deepen its focus on the cable new materials segment, particularly in markets such as power cables, control cables, airport runway cables, marine cables, heating cables, nuclear power insulation, and PV insulation. This will create synergy with the company's existing R&D in high-filled PP materials. "The wire and cable industry is a 'material-heavy, labor-light' industry, with raw materials accounting for over 80% of costs. We are optimistic about the future cable market, where demand will be substantial," said a relevant representative from Dawn Polymer.
Currently, Dawn Polymer is also expanding into the recycled materials industry and developing nylon materials, alloy materials for robotic arms, and human-like elastomer materials. Following the acquisition of Anhui Bost, the company will intensify R&D efforts in silane cross-linked materials with electrical tracking resistance, thin-wall silane cross-linked polyethylene, medium- and high-voltage flexible cable materials, halogen-free flame-retardant TPU cable materials, such as low-smoke halogen-free sheath materials meeting Bl-level combustion characteristics, ultra-clean insulation materials and ultra-smooth shielding materials for 110kV, 220kV, and 500kV AC/DC applications, next-generation environmentally friendly medium- and high-voltage polypropylene (PP) materials, and high-performance elastomer materials (TPE, TPU) for high-frequency motion in robotics and industrial automation equipment, continuously enhancing product competitiveness and corporate profitability.
(Produced by | Dawn Media Studio)
