CJS(600176) 长江商报·2025-04-25 00:40Core Viewpoint - China Jushi (600176.SH), a subsidiary of China National Building Material Group, has reported a strong rebound in its operating performance in Q1 2025, with significant increases in revenue and net profit compared to the previous year [2][4]. Financial Performance - In Q1 2025, China Jushi achieved revenue of 4.479 billion yuan, a year-on-year increase of over 30% [2][4]. - The net profit attributable to shareholders reached 730 million yuan, doubling compared to the same period last year [2][4]. - The company's net profit for the previous year had seen consecutive declines over the past two years [2][4]. Market Dynamics - The significant growth in net profit is directly related to a market recovery, with increased demand in the main downstream application areas for fiberglass [2][4]. - The company noted that product sales volume increased, and prices have gradually moved out of the cyclical bottom [2][7]. Shareholder Activity - Major shareholders, including China National Building Material and Zhenstone Holding Group, have completed their shareholding increase commitments, investing a total of 1.6 billion yuan in the company's stock [2][10]. - The National Social Security Fund has also increased its holdings in China Jushi during the first quarter [3][11]. Industry Position - China Jushi is recognized as the world's largest fiberglass producer, with a significant market share and production capacity [2][8]. - The company has established a comprehensive global marketing network and production bases in key regions, including the U.S., Egypt, and various locations in China [8][9]. Research and Development - The company has consistently invested over 500 million yuan annually in R&D from 2021 to 2024, maintaining a strong focus on innovation and technology [9][10].