RTGF(SZ:002440) Zheng Quan Shi Bao Wang·2025-04-29 06:53Core Viewpoint - Lantian Co., Ltd. reported significant growth in both revenue and net profit for the fiscal year 2024, driven by improved gross margins on its main product, reactive dyes, and enhanced internal management practices [1][3]. Financial Performance - In 2024, Lantian Co., Ltd. achieved a revenue of 5.695 billion yuan, a year-on-year increase of 1.91% [1] - The net profit attributable to shareholders reached 213 million yuan, up 366.42% year-on-year [1] - The net profit after deducting non-recurring gains and losses was also 213 million yuan, reflecting a growth of 114.79% [1] - For Q1 2025, the company reported a revenue of 1.278 billion yuan, a 2.20% increase year-on-year [1] - The net profit attributable to shareholders for Q1 2025 was 48 million yuan, showing a growth of over 35 times [1] - The net profit after deducting non-recurring gains and losses for Q1 2025 was 44 million yuan, up 48.29% year-on-year [1] Shareholder Returns - Lantian Co., Ltd. plans to distribute a cash dividend of 1.5 yuan per 10 shares, totaling 164 million yuan, with a cash dividend ratio of 76.87% [3] - The company intends to repurchase 30 million shares for a total amount of 178 million yuan, with the combined cash dividend and share repurchase amounting to 342 million yuan, representing 160.21% of the net profit attributable to shareholders for the year [3] Business Operations - The company primarily engages in the research, production, and sales of textile dyes, printing and dyeing auxiliaries, and chemical raw materials [3] - In 2024, Lantian Co., Ltd. produced 193,700 tons of dyes, a year-on-year increase of 4.61% [3] - The production of auxiliaries (mainly insurance powder) reached 34,900 tons, up 28.61% year-on-year [3] - The output of other chemical products, including caustic soda, hydrogen peroxide, and chlorobenzene, was 945,900 tons, reflecting a growth of 5.34% [3] Strategic Initiatives - The company is implementing a "backward integration" strategy to extend its industrial chain, reduce production costs, and mitigate the impact of intermediate price fluctuations [4] - Lantian Co., Ltd. has invested in key intermediates to secure raw material supply and plans to enhance research and development in this area [4] - In 2024, the company invested 243 million yuan in R&D, a 9.53% increase year-on-year, and obtained 26 authorized invention patents [4] - The company emphasizes resource recycling in its dye production process, which reduces emissions and enhances economic benefits [4] Future Outlook - Lantian Co., Ltd. aims to continue its focus on internal control and innovation, promoting efficiency and quality improvements as part of its long-term strategy [4]