三大业务曲线协同发力成高质量发展核心引擎 利安隆连续十四年营收复合增长率超24%

Core Insights - The company, Lianlong, reported a strong performance for the fiscal year 2024, achieving a revenue of 5.687 billion yuan, a year-on-year increase of 7.74%, and a net profit of 426 million yuan, up 17.61% [2][3] - Lianlong has maintained a compound annual growth rate (CAGR) of over 24% in revenue for 14 consecutive years, driven by the synergy of its three main business lines [1][2] - The company is focusing on high-end electronic-grade polyimide (PI) materials as a new growth point, particularly in the context of "bottleneck" technologies in China [1][9] Revenue and Profit Growth - In 2024, Lianlong's operating cash flow increased significantly by 168.56%, reaching 464 million yuan, indicating improved operational quality [2] - The company plans to distribute a cash dividend of 3.70 yuan per 10 shares, totaling approximately 84.96 million yuan, which represents 19.93% of the net profit attributable to shareholders [3] Business Segments Performance - The polymer anti-aging additives segment generated revenue of 4.594 billion yuan, a growth of 5.73%, with a shipment volume of 123,600 tons, up 6.40% [4] - The lubricating oil additives segment, acquired through the strategic purchase of Jinzhou Kangtai, reported revenue of 1.064 billion yuan, a year-on-year increase of 15.40% [5][6] - The life sciences segment has transitioned to a dual-track operation model, focusing on both research and market deployment, with significant advancements in nucleic acid raw materials and molecular diagnostics [7][8] Strategic Initiatives - Lianlong has successfully completed the acquisition of the Korean company IPITECHINC., enhancing its capabilities in the PI materials sector, which is crucial for applications in flexible OLED displays and electric vehicles [9] - The company is committed to its 2.0 strategic goals, aiming for substantial revenue targets across its business lines by 2028, including 10 billion yuan for the new materials division and 4 billion yuan for the lubricating oil division [10][11]