Yoke Technology(002409) Chang Jiang Shang Bao·2025-04-29 12:11Core Viewpoint - The company, Yake Technology, has significantly improved its profitability, driven by the rapid growth of its semiconductor materials business, particularly in the context of increasing global demand for storage chips and advancements in AI, 5G, and autonomous driving applications [1][2]. Group 1: Financial Performance - In 2024, Yake Technology achieved an operating income of 6.862 billion yuan, a year-on-year increase of 44.84%, and a net profit of 872 million yuan, up 50.41% year-on-year [1]. - The basic earnings per share reached 1.83 yuan, and the company proposed a cash dividend of 2.6 yuan per 10 shares (including tax) [1]. Group 2: Business Growth and Market Position - The rapid development of the company's semiconductor precursor materials delivery equipment (LDS) business is attributed to the new semiconductor wafer production lines in China, leading to a significant increase in sales performance [1]. - Yake Technology's LDS products have achieved full benchmarking against European and American competitors, with a leading market share in China [1]. Group 3: Strategic Initiatives - The company has committed to increasing its R&D investment, with expenditures of 128 million yuan, 190 million yuan, and 249 million yuan from 2022 to 2024, totaling 567 million yuan over three years [2]. - Yake Technology has adopted a dual strategy of "internal growth + external mergers and acquisitions" to strengthen its semiconductor industry chain, including the acquisition of a 75.1% stake in SKC-ENF to enter the semiconductor wet chemicals market [2][3]. Group 4: Business Segments - Through a series of acquisitions, Yake Technology has established six major business segments: precursors, electronic special gases, photoresists, LNG boards, wet chemicals, and cleaning services, covering the entire semiconductor manufacturing process [3]. - The company holds over 10% of the global market share in precursors and maintains the leading position in the domestic market [3].