江苏恒辉安防股份有限公司2024年年度报告摘要

Core Viewpoint - The company has achieved significant growth in revenue and profit, driven by strategic expansion into new materials and innovative product development, while maintaining a strong focus on safety and sustainability in its operations [19][28]. Company Overview - The company focuses on hand safety protection and strategic new materials, with a dual business model of functional safety gloves and strategic new materials [6][8]. - The company has over 20 years of experience in the functional safety glove sector, with six core technologies and products certified to international standards [8][20]. Financial Performance - In 2024, the company reported total revenue of 1.27 billion yuan, a year-on-year increase of 29.95%, and a net profit of 116.54 million yuan, up 10.13% [19][28]. - Total assets reached 2.51 billion yuan, growing by 33.97%, while shareholders' equity increased by 9.14% to 1.22 billion yuan [19][28]. Business Strategy - The company is transitioning to a group structure to enhance operational efficiency and resource integration across its diverse business segments [19][20]. - The company is committed to technological innovation and has established partnerships with academic institutions to drive research and development [25][30]. Product Development - The company has launched several high-performance safety gloves and is expanding its product line to include biodegradable polyester rubber, with a project to produce 110,000 tons planned [17][28]. - The company is also developing ultra-high molecular weight polyethylene fibers, with a production capacity expected to exceed 7,800 tons by 2025 [14][24]. Market Expansion - The company is expanding its market presence in North America, Europe, and emerging markets like Australia and South America, employing a dual strategy of consolidating existing markets and exploring new opportunities [26][27]. - The company is enhancing its domestic sales channels, focusing on strategic industries such as automotive and renewable energy [27][28]. Sustainability Initiatives - The company is aligning its operations with green development goals, particularly through the production of biodegradable materials and sustainable manufacturing practices [28][30]. - The company aims to establish itself as a leader in the green materials sector, leveraging its innovations in biodegradable rubber [30][31].