CCEM(SZ:300655)2025-04-23 15:00Financial Performance - The company reported a revenue of RMB 300 million for the fiscal year 2023, representing a year-over-year growth of 15%[20]. - The company has set a revenue guidance of RMB 350 million for the fiscal year 2024, indicating a projected growth of 16.67%[20]. - The company's operating revenue for 2024 was ¥1,435,111,214.77, representing a 10.44% increase compared to ¥1,299,415,109.42 in 2023[25]. - The net profit attributable to shareholders for 2024 was -¥179,593,810.81, a significant decline of 1,311.61% from a profit of ¥14,822,793.00 in 2023[25]. - The company reported a basic earnings per share of -¥0.18 for 2024, a decrease of 1,900.00% from ¥0.01 in 2023[25]. - The company achieved a revenue of 1.435 billion yuan, representing a year-on-year growth of 10.44%[79]. - The semiconductor sector contributed ¥864,666,907.34, accounting for 60.25% of total revenue, with a year-on-year growth of 25.23%[85]. - The company reported a total of 1.57 billion yuan in committed investment projects, with 1.19 billion yuan already utilized[132]. Research and Development - In 2024, the company significantly increased its R&D investment, particularly in high-end photoresist products such as ArF and KrF, leading to a substantial rise in R&D expenses[4]. - The company is investing RMB 50 million in R&D for new product development, focusing on advanced semiconductor materials[20]. - R&D expenses reached ¥99,237,500, marking a 39.74% increase compared to the previous year, with R&D personnel growing by 20.69%[84]. - The company has developed a series of patented technologies for high-purity chemicals, including continuous production methods for high-purity nitric acid and hydrogen peroxide, which have been industrialized[69]. - The company has a total of 175 patents, including 74 invention patents, as of the end of the reporting period[180]. - The company is focused on enhancing the efficiency and effectiveness of fund usage to protect investor interests[128]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a market share increase of 10% by the end of 2024[20]. - The company plans to rely on a high-end and diversified product development strategy to continuously launch more competitive products and expand market share for long-term healthy business growth[6]. - The company is exploring opportunities for market expansion and potential mergers and acquisitions to strengthen its competitive position in the industry[140]. - The company is committed to a globalization strategy, actively expanding its overseas market presence and developing more high-quality customers in both domestic and international markets[150]. Product Development and Innovation - The company is developing a new line of high-purity chemicals aimed at the semiconductor industry, with an expected launch in Q3 2024[20]. - The company has established a high-end photoresist production line and testing platform to enhance the "self-controllable" level in the semiconductor materials sector, aiming for domestic substitution of semiconductor materials[60]. - The company has initiated a high-end photoresist R&D project for integrated circuit manufacturing, acquiring ASML1900 Gi and Nikon KrF S207 lithography machines to support the development of ArF and KrF photoresists for 90-28nm chip processes[60]. - The company has developed a new type of KrF photoresist with a high aspect ratio greater than 5:1, aiming to achieve a maximum aspect ratio of 15:1 for applications in SAW/BAW[97]. - The company has completed the development of a new process technology for hydrogen peroxide production, improving safety and reducing production costs[99]. Sustainability and Compliance - The company is committed to sustainability, aiming to reduce its carbon footprint by 15% over the next three years[20]. - The company has received various environmental permits, including a hazardous chemicals operating permit valid until April 2026[71]. - The company is committed to maintaining compliance with safety and environmental regulations, ensuring operational continuity[71]. - The company has established a comprehensive internal control system to mitigate risks and ensure the achievement of operational goals[190]. Financial Management and Investment - The company incurred goodwill impairment of ¥144,429,100 and other asset impairment of ¥24,927,800, totaling a profit reduction of ¥169,356,900[81]. - The company has established dedicated accounts for managing the raised funds, ensuring compliance with regulatory requirements[128]. - The company has not engaged in any significant changes to the investment projects associated with the raised funds[131]. - The company is focused on strategic investments and partnerships to enhance its market position and operational efficiency[199]. Competitive Landscape - The company operates in the electronic materials sector, focusing on semiconductor and new energy applications, with key products including high-purity wet electronic chemicals and photoresists[35]. - The company is positioned in the electronic chemical industry, which is characterized by high technical barriers and significant profit margins despite smaller market spaces for individual products[36]. - The company has a competitive edge in the market due to its unique product performance and high technical barriers, which contribute to its profitability[36]. - The domestic market for lithium battery materials is becoming increasingly competitive, with local manufacturers gradually replacing imported products in the negative electrode binder market, where foreign products previously held over 90% market share[142]. Risks and Challenges - The company faces risks from market demand fluctuations and competition, particularly in the semiconductor and lithium battery sectors, which could impact revenue and profit[160]. - There is a risk of bad debts from accounts receivable, particularly if clients in the semiconductor and LED industries face financial difficulties[164]. - The company is aware of the risks associated with production investment projects and fixed asset depreciation, which could impact profitability[169].