Hoshine Silicon(SH:603260) Jin Rong Jie·2025-04-23 15:21Core Viewpoint - The company reported a slight increase in revenue but a significant decline in net profit, indicating operational pressure in a complex market environment [1][4]. Group 1: Financial Performance - The company achieved total revenue of 26.692 billion yuan, a year-on-year increase of 0.41% [1]. - The net profit attributable to shareholders was 1.740 billion yuan, a year-on-year decrease of 33.64% [1][4]. - The non-recurring net profit was 1.540 billion yuan, down 29.58% year-on-year, highlighting challenges in cost control and price fluctuations [1][4]. Group 2: Market Position and Production Capacity - The company maintains a dual leading position in the industrial silicon and organic silicon sectors, with daily production of industrial silicon exceeding 70 tons and energy consumption per ton reduced to below 10,000 kWh [4]. - The production capacity of organic silicon has been enhanced to 330-350 tons per day through technological upgrades, with steam consumption reduced by 30% [4]. Group 3: Research and Development - The company has significantly increased its R&D investment, achieving breakthroughs in silicon carbide technology, with a 95% yield rate for 6-inch silicon carbide substrates and a stable 98% yield for epitaxy [5]. - New products such as functional silicone oil and high-performance liquid silicone rubber have been developed, reinforcing the company's leading position in silicon-based new materials [6]. Group 4: Sustainability and Digital Transformation - The company has optimized resource allocation processes to enhance product quality and reduce production costs, while also advancing a comprehensive digital transformation strategy [7]. - Efforts to align with national "dual carbon" strategies include upgrading production processes and energy efficiency, embedding sustainable development into corporate governance [7].