Yoke Technology(002409) Xin Lang Cai Jing·2025-05-07 06:38Core Viewpoint - The company is expected to experience rapid growth in performance driven by the expansion of semiconductor chemical materials, photoresists, and LNG insulation materials in 2024 [1][2]. Financial Performance - The company is projected to achieve a revenue of 6.86 billion yuan in 2024, representing a year-on-year increase of 44.84%, with a net profit of 870 million yuan, up 50.41% [2]. - For the first quarter of 2025, the company expects to generate revenue of 2.12 billion yuan, a 30.88% increase year-on-year, and a net profit of 260 million yuan, growing by 5.85% [2]. Business Segments - The semiconductor chemical materials segment, led by Korean company Xian Ke, is expected to generate 1.77 billion yuan in revenue, a 43.57% increase, with a net profit of 470 million yuan, up 105.30% [2]. - Chengdu Kemeite is projected to achieve revenue of 530 million yuan and a net profit of 91.26 million yuan [2]. - The photoresist segment, primarily through EMTIER, is anticipated to generate 1.56 billion yuan in revenue, a 25.58% increase, with a net profit of 140 million yuan, up 45.00% [2]. - LNG insulation materials are expected to reach 1.635 billion yuan in revenue, reflecting an 89.18% increase [2]. Market Position - The company is a leading player in the semiconductor precursor and display photoresist industries, with a full coverage of 12-inch wafer clients and ongoing product iterations and new product industrialization [3]. - The company is a major supplier of photoresists for display panels, serving top manufacturers such as BOE, Huaxing Optoelectronics, and LG Display [3].