Core Viewpoint - Company is actively engaging in the automotive sector, particularly in the modified plastics segment for electric vehicles, and has achieved certain revenue from this area [2] Financial Performance - In Q1 2025, the company reported revenue of 453.76 million yuan, a year-on-year increase of 16.73%, and a net profit attributable to shareholders of 48.52 million yuan, up 7.25% from the previous year [8] - The company’s gross profit margin stands at 15.47% [13] Shareholder Returns - For the 2024 fiscal year, the company plans to distribute a cash dividend of 0.4 yuan per 10 shares, totaling approximately 4.49 million yuan, and to issue 17.96 million shares as a stock dividend [6] Market Position and Strategy - The company has obtained ITF16949:2016 certification and is a secondary supplier for Jianghuai Automobile, indicating its capability to meet automotive industry standards [2] - Future growth is expected to be driven by capacity expansion and market development, with a focus on technological innovation and product iteration [9] Industry Outlook - The modified plastics industry is supported by national policies and is seen as a strategic emerging industry, with significant growth potential due to domestic manufacturing upgrades and supply chain improvements [12]
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