CHENGZHI(000990) 证券日报网·2025-03-27 13:46Core Insights - The company reported a revenue of 11.066 billion yuan in 2024, a decrease of 10.88% year-on-year, while net profit attributable to shareholders increased by 29.98% to 231 million yuan, indicating a successful optimization of revenue structure [1] Group 1: Clean Energy Business - The clean energy segment is the core business of the company, generating 8.951 billion yuan in revenue in 2024, with a slight decline but an increase in gross margin by 2.06% [2] - The company has seen better profitability from liquid chemical products compared to industrial gas products, with notable price increases in ethylene and propylene [2] - A new integrated propylene value chain project has been successfully launched, increasing the total production capacity of octanol to 450,000 tons per year, enhancing profitability and consolidating industry position [2] Group 2: Semiconductor Display Materials - The semiconductor display materials segment achieved a revenue of 1.356 billion yuan in 2024, reflecting a year-on-year growth of 6.96%, with a high gross margin of 52.72% [4] - The display industry is experiencing growth driven by demand in consumer electronics, automotive, and medical sectors, with innovations in display technologies like OLED and MicroLED [4] - The company is focusing on strengthening its TFT mixed crystal materials business while expanding into high-end product markets and new applications [5]