三维股份2024年营收创历史新高 BDO项目成核心驱动力

Core Viewpoint - The company reported a record high revenue of 5.153 billion yuan for 2024, marking a year-on-year growth of 32.31%, driven primarily by the BDO integration business which saw revenue increase by over 1200% [2] Group 1: BDO Integration Business - The BDO integration project has established a production capacity of 300,000 tons of BDO and 360,000 tons of calcium carbide, contributing significantly to revenue growth [2] - The company has formed stable partnerships with leading enterprises such as Xiaoxing Group and Yizheng Chemical Fiber, with products used in various sectors including spandex, engineering plastics, new energy vehicles, and biodegradable plastics [2] - Total production for calcium carbide reached 337,000 tons, while BDO production was 197,700 tons, with stable output in both quality and quantity [2] Group 2: Cost Reduction and Future Plans - The company is implementing measures such as cogeneration, calcium carbide tail gas hydrogen production, and acetylene recovery to reduce production costs [2] - Future plans include further expanding the upstream BDO supply chain and developing a coal tar project to enhance market competitiveness [2] Group 3: Rubber Products and Polyester Fiber Business - The rubber products segment achieved revenue of 1.349 billion yuan, maintaining steady growth, with four invention patents and two provincial scientific and technological achievements recognized in 2024 [3] - The company has secured new domestic clients and expanded into international markets, winning contracts for several large-scale projects [3] - In the polyester fiber segment, the company is investing in TMT polyester high-modulus low-shrinkage industrial filament production lines and has established strategic agreements with downstream clients [3] - Revenue from the polyester fiber business reached 1.678 billion yuan during the reporting period [3] Group 4: Quarterly Performance - The company reported a revenue of 1.062 billion yuan and a net profit of 25 million yuan for the first quarter of 2025, indicating a stabilization and recovery in performance [3]