Financial Performance - In 2024, the company achieved operating revenue of 10.792 billion yuan, a year-on-year increase of 12.27% [2] - The net profit attributable to shareholders reached 135 million yuan, up 53.99% year-on-year [2] - In Q1 2025, the company reported operating revenue of 3.427 billion yuan, a growth of 34.29% [2] - The net profit attributable to shareholders for Q1 2025 was 82.72 million yuan, reflecting a year-on-year increase of 61.69% [2] Asset and Liability Overview - As of the end of 2024, total assets amounted to 7.928 billion yuan, a growth of 0.90% from the beginning of the year [2] - Total liabilities were 4.122 billion yuan, increasing by 0.61% [2] - Net assets stood at 3.765 billion yuan, up 1.77% [2] - By the end of Q1 2025, total assets reached 8.673 billion yuan, a growth of 6.73% [2] - Total liabilities increased to 4.628 billion yuan, a rise of 12.47% [2] - Net assets were 3.736 billion yuan, reflecting a growth of 0.54% [2] Business Segments - The company generated 4.501 billion yuan from surfactants (including personal care products), a 32.43% increase year-on-year [3] - The gross profit margin for surfactants was 6.57%, up 1.52 percentage points from the previous year [3] - Sales volume of surfactants reached 809,000 tons, a growth of 40.15% [3] - Oil chemical products generated 6.121 billion yuan in revenue, a 3.1% increase year-on-year [3] - The gross profit margin for oil chemical products was 6.69%, up 0.21 percentage points [3] - Sales volume of oil chemical products was 805,900 tons, down 5.28% [3] Production Capacity - The company has an annual production capacity of 100,000 tons for liquid detergents in Jiangsu, and 500,000 tons each in Henan and Sichuan for personal care products [4] - Total OEM/ODM processing capacity for personal care products has reached 1.1 million tons [4] Strategic Advantages - The company leverages its technical and scale advantages in surfactant production to create an integrated supply chain model for personal care product processing [5] - The company engages in futures hedging to mitigate risks from raw material price fluctuations [5] - The company has established a strong R&D foundation, being recognized as a national high-tech enterprise [6] - The company aims to enhance its market share and competitiveness through continuous technological innovation and industry chain extension [6]

Core Viewpoint - ESG (Environmental, Social, and Governance) has become a crucial metric for assessing long-term corporate value, with Zanyu Technology (002637) releasing its first ESG report, showcasing its strategic layout, practical achievements, and future commitments in sustainable development [1][3]. Group 1: Company Overview - Zanyu Technology is a leading domestic producer of surfactants and fatty chemical products, with the top five anionic surfactant manufacturers accounting for over 70% of national production [2]. - The company has established industrial production bases in multiple locations, achieving an annual production capacity of over 1.2 million tons for surfactants and over 1 million tons for fatty chemicals [2]. - In 2024, Zanyu Technology reported a revenue of 10.792 billion yuan, a year-on-year increase of 12.27%, and a net profit attributable to shareholders of 135 million yuan, up 53.99% from the previous year [2]. Group 2: ESG Governance Structure - The company has developed a comprehensive governance structure, adhering to relevant laws and regulations, and held multiple meetings for shareholders and board members in 2024 [4]. - Zanyu Technology emphasizes the independence and diversity of its board, ensuring scientific and comprehensive decision-making [4]. - The company has implemented various risk management measures, including anti-fraud and integrity management systems, conducting extensive training to build a robust supervisory network [4]. Group 3: Environmental Initiatives - Zanyu Technology is committed to green transformation, establishing an environmental management policy focused on eco-friendliness and resource conservation [5]. - The company achieved a 100% compliance rate in wastewater discharge, solid waste disposal, and air emissions in 2024, reflecting its significant investment in environmental protection [5]. - The use of clean energy reached 373.63 tons of standard coal, accounting for 3.29% of total energy consumption, alongside the trading of 100 green power certificates [5]. Group 4: Product Innovation - The company focuses on green design, utilizing natural plant oils as raw materials for its surfactant products, and has developed biodegradable products through advanced production technologies [6]. - Zanyu Technology has established an overseas palm oil production base in Indonesia, enhancing its supply chain security and supporting sustainable palm oil procurement [6]. Group 5: Innovation and R&D - Innovation is a key driver for Zanyu Technology, which has established a multi-layered innovation system and increased R&D investment to align with international standards [7]. - The company has achieved significant milestones in establishing research platforms and holds a total of 734 effective patents, including 55 national invention patents [7]. Group 6: Social Responsibility - Zanyu Technology prioritizes employee welfare, with a young and highly educated workforce, and has implemented competitive compensation and diverse career development paths [9]. - The company conducted 830 training sessions in 2024, covering 90% of employees, enhancing professional skills and team cohesion [9]. - Employee participation in corporate governance is encouraged, reflecting the company's respect for employee opinions [9]. Group 7: Safety and Shareholder Engagement - The company has set strict safety production goals, achieving zero major accidents in 2024 through enhanced risk control and training [10]. - Zanyu Technology distributed cash dividends of 46.3 million yuan to shareholders and repurchased shares worth 70.81 million yuan, demonstrating its commitment to shareholder returns [10]. Group 8: Future Vision - Zanyu Technology aims to leverage its first ESG report as a foundation for future growth, focusing on technological innovation and sustainable practices to enhance market competitiveness [11].

Investment Rating - The investment rating for the company is "Outperform the Market" [5][26][29] Core Views - The company is a leading domestic enterprise in surfactants and oil chemical products, with steady progress in OEM/ODM projects. The current surfactant production capacity is 1.2 million tons per year, with an additional 220,000 tons under construction. The oil chemical capacity stands at 1.08 million tons, with 210,000 tons also under construction. The OEM/ODM processing capacity for personal care products has reached 1.1 million tons [1][10] - The increase in raw material prices has driven a year-on-year profit growth for the company. In 2024, the company achieved a revenue of 10.792 billion yuan, a year-on-year increase of 12.27%, and a net profit attributable to shareholders of 135 million yuan, a year-on-year increase of 53.99% [2][20] - The company's OPO and other oil chemical products, along with the gradual ramp-up of OEM/ODM personal care capacity, are expected to drive profitability upwards in 2025. The global demand for OPO is estimated at 100,000 tons, corresponding to a market space of 5 billion yuan, primarily relying on imports [3][24] - The company's share repurchase plan is progressing steadily, reflecting management's confidence in the company's long-term development. The total amount for the repurchase plan is between 100 million to 200 million yuan, with 204,950 shares repurchased as of April 8, 2025 [4][25] Summary by Sections Company Overview - The company is a leading player in the domestic surfactant and oil chemical industry, with significant production capacities in surfactants and OEM/ODM services [1][10] Financial Performance - In 2024, the company reported a revenue of 10.792 billion yuan, a 12.27% increase year-on-year, and a net profit of 135 million yuan, up 53.99% year-on-year. The total assets reached 7.928 billion yuan, with a debt ratio of 51.99%, down 0.15 percentage points from the beginning of the year [2][20][15] Capacity Expansion - The company plans to gradually ramp up its OPO production capacity from the current 20,000 tons, with expectations of generating revenue in 2025. The total OEM/ODM capacity is 1.1 million tons, with significant contributions expected from new capacities in Henan and Sichuan starting in the second half of 2024 [3][24] Share Repurchase and Management Confidence - The ongoing share repurchase plan indicates management's confidence in the company's intrinsic value and sustainable development. The repurchased shares will be used for employee stock ownership plans, aligning the interests of shareholders and the core team [4][25]

Core Viewpoint - The company is a leading domestic enterprise in surfactants and fatty chemical industries, with steady progress in OEM/ODM projects, showcasing strong production capacity and growth potential [1][2][3]. Group 1: Production Capacity and Projects - The company's surfactant production capacity is 1.2 million tons per year, with an additional 220,000 tons under construction, while fatty chemical capacity stands at 1.08 million tons, with 210,000 tons also under construction [1]. - The company has established OEM/ODM processing capabilities for personal care products totaling 1.1 million tons, with production lines in Jiangsu, Henan, and Sichuan [1]. - The company plans to gradually ramp up its OPO production capacity from 20,000 tons, targeting revenue generation by 2025, as global demand is estimated at 100,000 tons, corresponding to a market space of 5 billion [3]. Group 2: Financial Performance - For the fiscal year 2024, the company reported revenue of 10.792 billion yuan, a year-on-year increase of 12.27%, and a net profit attributable to shareholders of 135 million yuan, up 53.99% [2]. - In Q1 2025, the company achieved revenue of 3.429 billion yuan, reflecting a 40.50% year-on-year growth, with a net profit of 83 million yuan, an increase of 61.69% [2]. Group 3: Share Buyback and Management Confidence - The company is executing a share buyback plan, utilizing self-owned funds or bank loans, with a total budget between 100 million to 200 million yuan, indicating management's confidence in the company's long-term value [4]. - As of April 8, 2025, the company has repurchased 2.0495 million shares, accounting for 0.44% of total shares, with a total transaction amount of 18.5854 million yuan [4]. Group 4: Future Outlook and Profitability - The company anticipates that the ramp-up of its OPO and OEM/ODM capacities will enhance profitability starting in 2025, supported by the orderly release of new capacity in Indonesia [3]. - The company has revised its profit forecasts for 2025-2026, projecting revenues of 15.2 billion yuan and 17.3 billion yuan, with net profits of 390 million yuan and 500 million yuan, reflecting significant growth rates [6].

Core Viewpoint - Zanyu Technology Group Co., Ltd. reported a complex financial situation for the year 2024, with a significant increase in net profit excluding non-recurring gains, while operating cash flow declined sharply [1] Financial Performance Summary - Revenue for 2024 reached 10,791,534,384.26 yuan, a 12.27% increase from 9,611,722,875.37 yuan in the previous year [2] - The daily chemical business generated revenue of 4.501 billion yuan, up 32.43%, with a gross margin of 6.57%, an increase of 1.52 percentage points, and sales volume growth of 40.15% [2] - The oil chemical business reported revenue of 6.121 billion yuan, a 3.1% increase, with a gross margin of 6.69%, up 0.21 percentage points, but a sales volume decline of 5.28% [2] Profitability Analysis - Net profit attributable to shareholders was 135,332,120.95 yuan, a 53.99% increase, while net profit excluding non-recurring gains surged 207.27% to 113,183,828.34 yuan [3] - The increase in net profit was driven by rising raw material prices leading to higher product prices and increased main business profits [3] - Non-recurring gains totaled 22,148,292.61 yuan, including asset disposal gains and government subsidies [3] Earnings Per Share - Basic earnings per share rose to 0.29 yuan, a 52.63% increase from 0.19 yuan in the previous year, while diluted earnings per share also reflected improved profitability [4] Expense Analysis - Overall expenses remained stable, with sales expenses at 57,338,948.30 yuan, up 4.46%, management expenses down 1.56% to 215,942,579.58 yuan, and R&D expenses at 96,877,197.93 yuan, up 2.34% [5] - Financial expenses decreased significantly by 25.49% to 80,717,367.27 yuan, benefiting from lower interest rates and currency depreciation [5] Cash Flow Situation - Operating cash flow net amount was 320,602,607.52 yuan, down 40.96%, with cash inflows increasing by 4.08% and outflows by 6.34% [6] - Investment cash flow net amount was -161,760,258.18 yuan, up 63.00%, mainly due to reduced cash payments for long-term asset purchases [6] - Financing cash flow net amount was -543,530,776.98 yuan, down 487.98%, primarily due to bank loan repayments [6] R&D Investment - R&D investment amounted to 96,877,197.93 yuan, a 2.34% increase, representing 0.90% of revenue [7] - The number of R&D personnel decreased by 12.27% to 193, which may impact future innovation capabilities [8]

证券代码：002637 证券简称：赞宇科技 公告编号：2025-012 赞宇科技集团股份有限公司 关于2024年度计提资产减值准备的公告 | 类别 | 项目 | 年初至年末计提资产减值准 | | | --- | --- | --- | --- | | | | 备金额（万元） | | | 信用减值损失 | 坏账准备 | | 4,397.26 | | 资产减值损失 | 存货跌价准备 | | 647.57 | | | 商誉减值准备 | | 483.20 | | | 合计 | | 5,528.03 | 二、本次计提资产减值损失和信用减值损失的确认标准及计提方法 1、应收款项及坏账准备计提方法 公司按照《企业会计准则》及坏账准备计提会计政策，对纳入合并范围内 的各公司应收账款、应收款项融资、其他应收款期末余额进行分析，并按照预 期信用损失率，计提 2024 年度坏账准备共计 4,397.26 万元，计提方法如下： （1）按信用风险特征组合计提预期信用损失的应收账款、应收款项融资、 其他应收款 | 组合类别 | 确定组合的依据 | 计量预期信用损失的方法 | | --- | --- | --- | | 应收银行承兑汇票 ...

证券代码：002637 证券简称：赞宇科技 公告编号：2025-015 赞宇科技集团股份有限公司 关于2025年度使用暂时闲置自有资金购买理财产品的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的 虚假记载、误导性陈述或者重大遗漏承担责任。 2025年4月20日，赞宇科技集团股份有限公司（以下简称"公司"）召开第六 届董事会第二十次会议，审议通过了《关于2025年度使用暂时闲置自有资金购买 理财产品的议案》，同意公司及所属控股子公司在授权期限内，拟以循环使用方 式、总额不超过人民币2亿元的暂时闲置自有资金购买理财产品，授权总经理在 额度范围内具体负责理财产品的投资决策和购买事宜。授权期限为公司董事会审 议通过日起12个月。具体情况如下： 2、投资品种 公司及所属控股子公司拟购买的理财产品品种包括但不限于：国债、央行票 据、金融债、以及高信用等级的、有担保的短期融资融券、中期票据、企业债、 公司债等固定收益类产品，银行及其他金融机构发行的低风险、稳健型理财产品， 信托类产品以及深圳证券交易所等认可的其他投资。所投资品种要求风险较低， 预期收益高于同期银行活期存款利率，不得购买以股票及其衍生 ...

赞宇科技集团股份有限公司 关于开展期货套期保值业务的可行性分析报告 一、开展商品期货套期保值业务的目的 赞宇集团股份有限公司（以下简称"公司"）及下属子公司主要经营表面活 性剂、油脂化学品的生产，需要大量棕榈油、棕榈仁油、椰子油等，油脂油料价 格受国际、国内市场供需影响较大，为规避原材料、成品及其他相关产品价格的 大幅波动给公司经营带来不利影响，公司拟开展期货套期保值业务，有效规避原 材料价格波动带来的不利影响，化解价格风险，提升公司经营水平，保障公司健 康运行。开展期货套期保值业务符合公司日常经营需要，资金使用安排合理。 二、期货套期保值的开展方式 1、交易方式：公司开展期货套期保值业务品种仅限于与公司生产经营和产 业链经营相关产品和生产所需原材料。交易工具为在境内外期货交易所挂牌交易 的与公司生产经营业务相关的期货合约。 2、投入资金规模及来源：最高保证金和权利金金额不超过人民币 1 亿元； 任一交易日持有的最高合约价值不超过人民币 8 亿元，采用滚动建仓方式，额度 可以循环使用。资金来源为本公司自有资金，不涉及募集资金。 3、实施主体：根据业务实施情况，实施主体为公司和下属子公司，未经公 司同意，公司下 ...

（一）机构信息 | 事务所名称 | 天健会计师事务所（特殊普通合伙） | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 成立日期 | 2011 年 日 | 7 | 月 | 18 | 组织形式 | 特殊普通合伙 | | | 注册地址 | 浙江省杭州市西湖区灵隐街道西溪路 | | | | 128 | 号 | | | 首席合伙人 | 钟建国 上年末合伙人数量 | | | | | | 人 241 | | 上年末执业人 | 注册会计师 | | | | | | 人 2,356 | 证券代码：002637 证券简称：赞宇科技 公告编号：2025-014 赞宇科技集团股份有限公司 关于续聘2025年度审计机构的公告 本公司及董事会全体人员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或者重大遗漏承担责任。 赞宇科技集团股份有限公司（以下简称"公司"）于 2025 年 4 月 20 日召开第 六届董事会第二十次会议审议通过了《关于续聘会计师事务所的议案》，同意续 聘天健会计师事务所（特殊普通合伙）（以下简称"天健事务所"）为公司 ...

赞宇科技集团股份有限公司 董事会审计委员会关于 2024 年度会计事务所 履行监督职责情况的报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治 理准则》《国有企业、上市公司选聘会计师事务所管理办法》《 深圳证券交易 所上市公司自律监管指引第 1 号——主板上市公司规范运作》和《公司章程》 《董事会审计委员会议事规则》等规定和要求，董事会审计委员会本着勤勉尽 责的原则，恪尽职守，认真履职。现将董事会审计委员会对 2024 年度会计师事 务所履行监督职责的情况汇报如下： 一、2024 年年审会计师事务所履职情况 2、2025年1月10日,审计委员会通过线上与线下相结合的方式与负责公 司审计工作的注册会计师及项目经理召开沟通会议,对 2024年度审计工作的初 步预审情况,如审计范围、重要时间节点、人员安排、审计重点关注事项等 进行了沟通。 3、2025年 4 月 18 日,公司董事会审计委员会召开会议,审议通过公司 2024年财务报告、内部控制评价报告等议案,并同意提交董事会审议。 四、总体评价 公司审计委员会严格遵守证监会、深圳证券交易所及《公司章程》《董事 会审计委员会议事规则》等有关规定, ...