Greenda(SH:603931) Shang Hai Zheng Quan Bao·2025-04-26 01:20Core Viewpoint - The company, Hangzhou Grinda Electronic Materials Co., Ltd., has released its 2024 annual report summary, highlighting its financial performance, business operations, and future development plans. Company Overview - Hangzhou Grinda specializes in the research, production, and sales of ultra-pure wet electronic chemicals, which are essential in the manufacturing processes of display panels, semiconductors, and solar cells [6][17]. - The company has established a comprehensive procurement and production system, along with strong product design and development capabilities, positioning itself as a leading domestic manufacturer in the wet electronic chemicals sector [6][16]. Industry Development Outlook - The wet electronic chemicals industry is supported by national policies aimed at enhancing the competitiveness of domestic enterprises in the sector [7][8]. - The demand for wet electronic chemicals is expected to grow significantly due to the rapid development of downstream industries such as semiconductors and display panels [10][15]. - The global market for large-sized LCD panels is projected to see a 5.1% increase in shipment volume in 2024, indicating a recovery in the display industry [11]. Financial Performance - In the reporting period, the company achieved operating revenue of 656.05 million yuan, a decrease of 5.65% year-on-year, and a net profit attributable to shareholders of 146.25 million yuan, down 16.46% from the previous year [18]. - The company plans to distribute a cash dividend of 2.20 yuan per 10 shares, amounting to a total of approximately 43.90 million yuan, with a cash dividend ratio of 30.02% [4][5]. Market Opportunities - The domestic market for high-end wet electronic chemicals is expected to expand as local companies enhance their product quality and capabilities, leading to a trend of import substitution [16]. - The development of the digital economy in China is anticipated to drive growth in the new display and integrated circuit industries, creating significant market opportunities for related materials and equipment companies [15].