碳纤维设备国产替代面临挑战：碳化炉推广受限，精工科技调研披露结构性判断
Key Questions
What challenges limit the promotion of domestic carbonization furnaces?
中化装备 noted that carbon fiber carbonization furnaces have not seen large-scale adoption due to overcapacity and the technical edge of imported equipment, contributing little to 2026 revenue.
What strategy is 精工科技 pursuing in carbon fiber equipment?
精工科技 is advancing full-chain equipment localization while acknowledging low-end overcapacity and high-end import dependence, extending into materials with a 5,000-ton T1200 precursor line and monitoring exoskeleton robot progress.
What risks does equipment reliance pose for China's carbon fiber expansion?
Continued dependence on imported high-end equipment could create bottlenecks constraining overall capacity growth despite domestic efforts.
中化装备承认碳纤维碳化炉暂未大量推广，受产能过剩和进口设备技术优势制约，2026年营收贡献小。精工科技在7月1日机构调研中详细披露其碳纤维全链装备国产化战略，认为低端产能过剩但高端仍依赖进口，公司正从装备向材料端延伸（5000t T1200原丝），外骨骼机器人进展也值得关注。2025年净利增26%，2026Q1营收增21%。国内高端设备仍依赖进口，需警惕设备端瓶颈对产能扩张的制约。