彤程新材2024年营收32.7亿，电子化学品业务成增长引擎

Core Insights - Tongcheng New Materials (彤程新材) reported a total revenue of 3.27 billion yuan in 2024, marking an 11.10% year-on-year increase, with a net profit of 517 million yuan, up 27.10% year-on-year [1] - The company is a leading global provider of new material comprehensive services, with significant growth driven by its electronic chemicals segment [1] Electronic Chemicals Business - The electronic chemicals segment achieved a revenue of 746 million yuan in 2024, reflecting a 32.63% year-on-year growth [4] - The semiconductor photoresist business was particularly strong, generating 303 million yuan in revenue, a 50.43% increase year-on-year [4] - I-line photoresist products saw a 61% increase, KrF photoresist products grew by 69%, and chemical amplified I-line (ICA) photoresist experienced a remarkable 185% growth [4] - North Xu Electronics, a subsidiary, generated 330 million yuan in revenue from display panel photoresists, up 26.8% year-on-year, capturing approximately 27.1% of the domestic market [4] Automotive/Tire Specialty Materials - The automotive/tire specialty materials segment reported a revenue of 2.44 billion yuan, a 7.14% increase year-on-year [5] - The production of specialty rubber additives reached 146,000 tons, with sales of 155,000 tons, an increase of 14,000 tons year-on-year [5] - The company expanded its market presence significantly in overseas markets, particularly in North America and South America, while maintaining a strong foothold in Europe and Asia [6] Fully Biodegradable Materials - The fully biodegradable materials segment made significant advancements, successfully producing high melt index PBAT and developing PBAT-based products that meet stringent food contact material requirements [7] - The biodegradable film for rice cultivation demonstrated excellent performance in suppressing weed growth and reducing pest occurrences, supporting green ecological agriculture [7] - The company developed innovative biodegradable packaging products that received high recognition from domestic and international customers [7] Overall Performance - Tongcheng New Materials maintained steady growth in 2024, particularly in the electronic chemicals and fully biodegradable materials sectors [8] - The company needs to continue investing in R&D, enhancing market competitiveness, and promoting technology to address future challenges and maintain its industry-leading position [8]