据证券之星公开数据整理，近期润禾材料（300727）发布2025年中报。截至本报告期末，公司营业总收 入6.79亿元，同比上升4.16%，归母净利润5774.79万元，同比上升38.61%。按单季度数据看，第二季度 营业总收入3.57亿元，同比上升0.98%，第二季度归母净利润3363.81万元，同比上升54.27%。本报告期 润禾材料盈利能力上升，毛利率同比增幅8.98%，净利率同比增幅33.08%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率25.42%，同比增8.98%，净利率8.51%，同比增 33.08%，销售费用、管理费用、财务费用总计8035.85万元，三费占营收比11.84%，同比增3.4%，每股 净资产7.0元，同比增3.9%，每股经营性现金流-0.15元，同比增42.02%，每股收益0.41元，同比增 24.24% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 6.52亿 | 6.79亿 | 4.16% | | 归母浄利润（元） | 4166.14万 | 5774.79万 | 38.6 ...

Core Viewpoint - Runhe Materials (300727) has shown positive growth in revenue and net profit in its 2025 mid-year report, indicating a solid performance despite challenges in cash flow management [1][2]. Business Overview - As of the reporting period, the total operating revenue reached 679 million yuan, a year-on-year increase of 4.16% - The net profit attributable to shareholders was 57.75 million yuan, up 38.61% year-on-year - The net profit after deducting non-recurring gains and losses was 54.22 million yuan, reflecting a 47.32% increase year-on-year - In Q2 alone, operating revenue was 357 million yuan, a 0.98% increase year-on-year, with net profit attributable to shareholders at 33.64 million yuan, up 54.27% year-on-year [2]. Profitability - The company's profitability has improved, with a gross margin of 25.42%, an increase of 8.98% year-on-year - The net profit margin stood at 8.51%, reflecting a year-on-year increase of 33.08%, indicating effective cost control and enhanced product value [3]. Main Revenue Composition - The primary revenue sources are organic silicon deep processing products and textile printing and dyeing auxiliaries - Organic silicon deep processing products generated 438 million yuan, accounting for 64.53% of main revenue, with a gross margin of 22.62% - Textile printing and dyeing auxiliaries contributed 240 million yuan, making up 35.32% of main revenue, with a gross margin of 30.60% - Other business revenue was 999,300 yuan, representing 0.15% of main revenue, with a gross margin of 10.12% [4]. Financial Health - Despite improved profitability, the company's cash flow situation is concerning, with operating cash flow per share at -0.15 yuan, although this reflects a 42.02% year-on-year increase - Cash and cash equivalents decreased by 23.20% year-on-year to 202 million yuan - Accounts receivable stood at 332 million yuan, remaining stable year-on-year, but the ratio of accounts receivable to profit is as high as 345.1%, indicating potential collection pressure [5]. Capital Structure and Cost Control - The company's interest-bearing debt has significantly decreased from 256 million yuan to 117,600 yuan, a reduction of 99.95%, primarily due to the delisting of convertible bonds - The ratio of three expenses to revenue is 11.84%, an increase of 3.40% year-on-year, suggesting room for improvement in cost control [6]. Development Prospects - Runhe Materials, as a high-tech enterprise focused on organic silicon deep processing products and textile printing and dyeing auxiliaries, has established a significant competitive advantage through its technological expertise and innovation in the organic silicon sector - However, the company needs to pay attention to cash flow and accounts receivable management to ensure sustainable long-term development [7].

对于未来规划，徐小骏称，未来公司将借助资本市场的力量，逐步向有机硅产业链上下游拓展延伸，打 造目标市场的优质产业链，强化产业链协同效应，丰富产品种类，提高产品附加值，提升盈利能力，巩 固市场优势地位，助推公司实现跨越式发展。 润禾材料董秘徐小骏对《证券日报》记者表示："今年上半年，公司在深耕传统'现金牛'产品基础上， 布局'冷却液''脱模剂''三防漆'等新兴战略产品，拓宽销售收入来源，聚焦覆盖头部和下沉市场需求。通 过优化产品结构，调整市场策略，巩固优势区域与产品市场，培育拓展潜能市场，增强了公司核心竞争 力与盈利能力。" 一位不愿具名的研究机构人士在接受《证券日报》记者采访时表示："润禾材料研发的高端有机硅深加 工产品，在耐高温、耐老化等性能上远超行业平均水平，能够满足一些特殊行业的苛刻需求，从而在细 分市场中占据了领先地位，这些差异化的产品为公司带来更高的利润。" 8月12日，宁波润禾高新材料科技股份有限公司(以下简称"润禾材料（300727）")发布2025年半年度报 告。上半年，公司实现营业收入6.79亿元，较上年同期增长4.16%；归属于上市公司股东的净利润 5774.79万元，较上年同期增长38. ...

Core Viewpoint - The company, Runhe Materials, has achieved accelerated growth in net profit despite stable revenue, primarily due to improved gross margins and strategic product developments in the organic silicon sector [1][2]. Group 1: Financial Performance - In the first half of the year, Runhe Materials reported revenue of 679 million yuan, a year-on-year increase of 4.16%, with a net profit attributable to shareholders of 57.75 million yuan, up 38.61% year-on-year [1]. - In Q2, the company's revenue and net profit growth rates were 0.98% and 54.27% respectively, while in Q1, these figures were 7.93% and 21.42% [1]. Group 2: Product Development and Market Position - The company has been actively developing new products, including immersion cooling liquids and electronic-grade MM, targeting sectors such as semiconductors and renewable energy [1][2]. - The immersion cooling liquids have already entered mass production and are being marketed for applications in data centers, energy storage, and electric vehicles [2]. - The electronic-grade MM, primarily used for semiconductor cleaning, has gained attention with domestic prices reaching 100,000 yuan per ton [2]. Group 3: Industry Context - The organic silicon DMC prices have remained low throughout the year, contributing to the company's profit increase, although recent price spikes due to manufacturer incidents have not shown sustained growth due to weak terminal demand [2]. - The company is currently constructing a 35kt/a organic silicon new materials project and an 8kt/a organic silicon adhesive project, with progress at 91% and 100% respectively, expected to contribute to future performance [2].

Core Viewpoint - The company, Runhe Materials, has significantly enhanced its profitability in the first half of 2025, with notable growth in revenue and net profit, driven by its focus on high-performance and green products in the organic silicon deep processing sector [1][2]. Financial Performance - As of June 2025, the company's operating revenue reached 679 million yuan, a year-on-year increase of 4.16% - The net profit attributable to shareholders was 58 million yuan, reflecting a substantial year-on-year growth of 38.61% - The net profit, excluding non-recurring gains and losses, was 54 million yuan, marking a 47.32% increase year-on-year [1]. Product Structure and Sales - In the first half of 2025, sales revenue from textile dyeing auxiliaries was 240 million yuan, agricultural chemical auxiliaries 64 million yuan, electronic chemicals 56 million yuan, release agents 39 million yuan, and cosmetic silicone oil 33 million yuan [1]. - The organic silicon deep processing products generated sales revenue of 438 million yuan with a gross margin of 22.62%, widely applied in electronics, medical, textile, and construction sectors [2]. Industry Trends - The organic silicon materials industry is experiencing a shift towards high-end and green transformation, supported by policies like "Made in China 2025" and "carbon neutrality" [1]. - The market is showing a diversified development trend, with sustained demand growth in sectors such as computing power, new energy, consumer electronics, and personal care products [1]. Competitive Advantages - Runhe Materials has established a strong reputation in the organic silicon niche, focusing on innovative, high-value-added, and green products with significant import substitution potential [2][3]. - The company has a clear product layout covering six major end-use areas, enhancing its core competitiveness and risk resistance [2]. Research and Development - The company is continuously developing new materials like silicone rubber and silicone resin, targeting high-value sectors such as new energy and electronics [3]. - Runhe Materials has accumulated 80 patents, including 62 invention patents, showcasing its commitment to innovation and technology advancement [3]. Employee Incentives and Shareholder Returns - To enhance team stability and innovation, the company is implementing a restricted stock incentive plan, with 530,853 shares successfully vested to 34 employees in May 2025 [4]. - Over the past three years, the company has distributed cash dividends totaling 87 million yuan, representing 97.68% of the average annual net profit, indicating a strong commitment to shareholder returns [4].

公司最新资产负债率为25.61%，较上季度资产负债率减少5.06个百分点，较去年同期资产负债率减少 16.24个百分点。 2025年8月12日，润禾材料(300727.SZ)发布2025年中报。 公司营业总收入为6.79亿元，较去年同报告期营业总收入增加2709.98万元，实现2年连续上涨，同比较 去年同期上涨4.16%。归母净利润为5774.79万元，较去年同报告期归母净利润增加1608.65万元，实现2 年连续上涨，同比较去年同期上涨38.61%。经营活动现金净流入为-2777.43万元，较去年同报告期经营 活动现金净流入增加624.23万元。 公司股东户数为1.24万户，前十大股东持股数量为1.06亿股，占总股本比例为59.04%，前十大股东持股 情况如下： | 席号 | 股东名称 | 持股比例 | | --- | --- | --- | | WNH | 浙江润禾控股有限公司 | 38.01% | | | 叶剑平 | 10.54% | | | 宁海协润投资合伙企业(有限合伙) | 3.72% | | 4 | 前彩娟 | 2.61% | | 5 | 宁海咏春投资合伙企业(有限合伙) | 1.03% | | ...

润禾材料2025半年报 ...

Core Viewpoint - The company, Runhe Materials, has shown positive financial performance in the first half of 2025, with significant growth in net profit and plans for strategic investments to enhance fund efficiency [4][5][6]. Trading Information Summary - On August 11, 2025, Runhe Materials' stock closed at 33.02 yuan, up 4.1%, with a turnover rate of 7.1%, a trading volume of 114,800 shares, and a transaction value of 376 million yuan [1]. - The fund flow on the same day indicated a net outflow of 10.15 million yuan from institutional investors, a net outflow of 6.84 million yuan from retail investors, and a net inflow of 16.99 million yuan from individual investors [2]. Company Announcement Summary - The Supervisory Board of Runhe Materials published the list of initial grant recipients for the 2025 restricted stock incentive plan, confirming that all listed individuals meet the necessary qualifications and that no objections were raised during the public notice period [3][6]. Performance Disclosure Highlights - For the first half of 2025, Runhe Materials reported a revenue of 678.81 million yuan, a year-on-year increase of 4.16% - The net profit attributable to shareholders was 57.75 million yuan, reflecting a year-on-year growth of 38.61% - The net profit after deducting non-recurring gains and losses was 54.22 million yuan, up 47.32% year-on-year - The net cash flow from operating activities was -27.77 million yuan, an increase of 18.35% compared to the previous year - Basic earnings per share were 0.41 yuan, up 24.24% year-on-year, while diluted earnings per share also stood at 0.41 yuan, reflecting a 17.14% increase [4]. Board Resolution Announcement - The Board of Directors approved several resolutions, including the half-year report and a plan to use up to 200 million yuan of its own funds for purchasing short-term low-risk financial products and government bond reverse repos, with a one-year term for fund usage [5][7].

证券代码：300727 证券简称：润禾材料 公告编号：2025-097 宁波润禾高新材料科技股份有限公司 监事会关于公司2025年限制性股票激励计划 首次授予激励对象名单的公示情况说明及核查意见 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 宁波润禾高新材料科技股份有限公司（以下简称"润禾材料"、"公司"） 于2025年7月29日召开第四届董事会第二次会议和第四届监事会第二次会议，审 议通过了《关于 <宁波润禾高新材料科技股份有限公司2025年限制性股票激励计> 划（草案）>及其摘要的议案》《关于 <宁波润禾高新材料科技股份有限公司> 详见公司于2025年7月30日在巨潮资讯网（www.cninfo.com.cn）上披露的相关 公告。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公 司股权激励管理办法》（以下简称"《管理办法》"）、《深圳证券交易所创 业板股票上市规则》（以下简称"《上市规则》"）、《深圳证券交易所创业 板上市公司自律监管指南第1号—业务办理》（以下简称"《自律监管指南第1 号》"）等有关法律、法规、规范性文件以及《公司章程 ...

（文章来源：证券日报） 证券日报网讯 8月11日晚间，润禾材料发布公告称，公司第四届监事会第三次会议审议通过了《润禾材 料关于2025年半年度报告及其摘要的议案》等多项议案。 ...