万丰股份一季度净利润同比增长77.96% 染料产品向绿色化、高端化发展

Core Viewpoint - Wanfu Co., Ltd. demonstrated resilience in its financial performance despite intensified competition in the dye market, achieving a revenue of 535 million yuan in 2024, a year-on-year increase of 6.27%, while net profit decreased by 5.25% to 38.33 million yuan [1] Financial Performance - In 2024, the company reported a revenue of 535 million yuan, a 6.27% increase year-on-year - The net profit attributable to shareholders was 38.33 million yuan, down 5.25% from the previous year - The net profit excluding non-recurring items was 37.48 million yuan, up 4.65% year-on-year - For Q1 2025, revenue reached 122 million yuan, a 22.95% increase year-on-year, with net profit at 10.36 million yuan, up 77.96% [1] Production and Sales - The production volume of disperse dyes in 2024 was 10,267.31 tons, an increase of 11.08% year-on-year, while sales volume reached 10,593.81 tons, up 16.51% [2] - The high lightfastness series of disperse dyes saw a sales increase of 50.86%, and liquid dyes experienced an 8.51% increase in sales [2] Innovation and Sustainability - The company established the "Donghua-Wanfu Dye Joint Innovation Base" with Donghua University to focus on green dye technology and product development, aligning with national carbon neutrality goals [2] - Wanfu Co., Ltd. has 120 dye products certified by Bluesign, ensuring high quality and safety, and is recognized as a member of the ZDHC Alliance with 120 products certified at ZDHC Level 3 [3] International Expansion - The company achieved overseas revenue of 133 million yuan in 2024, a 2.88% increase year-on-year, with notable sales growth in regions like Vietnam and Indonesia [3] Research and Development - In 2024, R&D investment was 18.44 million yuan, accounting for 3.45% of revenue, marking an 11.16% increase year-on-year [4] - The company holds 33 valid patents, including 28 invention patents and 5 utility model patents [4] Future Outlook - Wanfu Co., Ltd. plans to focus on the mid-to-high-end disperse dye segment, developing differentiated and high-value-added dye products, and enhancing collaboration with academic institutions for innovation in green dye technology [4]