Sinocat(SH:688737) Zheng Quan Ri Bao Wang·2025-04-30 04:47Core Insights - Zhongzi Technology Co., Ltd. reported a revenue of 1.565 billion yuan for 2024, reflecting a year-on-year growth of 1.35% [1] - In Q1 2025, the company achieved a revenue of 403 million yuan, with a year-on-year increase of 7.52%, and a net profit attributable to shareholders of 7.7016 million yuan [1] - The company faces dual pressures on revenue and net profit due to the stable upward development of the automotive industry and customer cost reduction, while maintaining a strong focus on R&D investment [1] Financial Performance - 2024 revenue: 1.565 billion yuan, up 1.35% year-on-year [1] - Q1 2025 revenue: 403 million yuan, up 7.52% year-on-year [1] - Net profit for Q1 2025: 7.7016 million yuan [1] - R&D investment in 2024: 110 million yuan, up 26.13%, accounting for approximately 7% of revenue [1] Business Development - Zhongzi Technology aims to lead in low-carbon environmental fields, focusing on "environmental catalysts, energy storage, and complex high-performance composite materials" [1][2] - The company achieved a breakthrough of one million units sold in the passenger car catalyst sector in 2024 and entered the supply chain of a joint venture brand [2] - Revenue from hydrogen fuel cell electrocatalysts reached 7.32 million yuan, a year-on-year increase of 1273% [2] - The energy storage and energy storage+ segment generated 80.1688 million yuan in revenue in 2024, growing over 300% year-on-year [2] Future Outlook - Zhongzi Technology is constructing a production capacity of 500,000 square meters of prepreg and 30 tons of aerospace composite components, with the prepreg pilot line already operational [2] - The manufacturing base is under construction and is expected to be operational by the end of 2025 [2] - The strategic layout across three major business segments positions the company for strong competitiveness and growth in the environmental protection, new energy, and high-end manufacturing sectors [2]