FSPG(SZ:000973) Zheng Quan Ri Bao·2025-03-28 14:42Core Viewpoint - Foshan Fosptech Co., Ltd. reported a slight increase in revenue for 2024, but a decline in net profit due to high base effects from the previous year, while focusing on core business and innovation to enhance operational capabilities [2][3]. Group 1: Financial Performance - In 2024, the company achieved an operating income of 2.228 billion yuan, a year-on-year increase of 0.61% [2]. - The net profit attributable to shareholders was 120 million yuan, showing a decline compared to the previous year, primarily due to high compensation income recognized in the same period last year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 96.575 million yuan, reflecting a significant year-on-year growth of 153.48% [2]. Group 2: Business Strategy and Development - The company is focused on enhancing its industrial chain and actively promoting key project investments to drive both organic and external growth [2]. - Foshan Fosptech is committed to technological innovation and high-quality development, with a product portfolio that includes optical films, biaxially oriented films, and protective materials [2]. - The company is expanding its industrial layout through mergers and acquisitions, specifically planning to acquire 100% of Jinli Co., which will enhance its product offerings in the new energy sector [3]. Group 3: Market Position and Product Development - Jinli Co. specializes in wet-process membranes and coated separators, which are essential for lithium-ion batteries used in various applications, including electric vehicles and energy storage [3]. - In 2024, China's lithium-ion battery separator shipment volume increased by 28.6% to 22.75 billion square meters, with Jinli Co. achieving a third-place market share in the lithium battery separator industry [3]. - Jinli Co. plans to increase its production capacity for aramid-coated separators to 750 million square meters per year to meet growing demand from major clients [4].