HANGZHOU TOKA(SH:688571) Zheng Quan Ri Bao·2025-05-26 16:41Core Viewpoint - Hanghua Ink Co., Ltd. reported a revenue of 1.27 billion yuan for 2024, marking a year-on-year increase of 6.75%, and a net profit of 139 million yuan, up 13.17% year-on-year, indicating a stable growth trajectory despite external uncertainties [2]. Group 1: Financial Performance - In 2024, the company achieved a revenue of 1.27 billion yuan, reflecting a 6.75% increase compared to the previous year [2]. - The net profit attributable to shareholders was 139 million yuan, representing a year-on-year growth of 13.17% [2]. - For the first quarter of 2025, the company reported a revenue of 283 million yuan, a slight increase of 0.14%, and a net profit of 28.33 million yuan, up 8.53% year-on-year [5]. Group 2: Business Strategy and Market Position - The company focuses on green and environmentally friendly ink products, adapting its product structure to meet stricter environmental policies and market demands [2][3]. - The market for water-based and UV inks has seen significant growth, with a reported annual growth rate of 15% to 20% over the past five years in China [3]. - The company is actively developing functional materials, including specialty coatings and electronic chemicals, to cater to high-growth industries such as electronics and renewable energy [3]. Group 3: Strategic Acquisitions - Hanghua Ink acquired 60% of Zhejiang Dick Donghua Fine Chemical Co., Ltd. for 18 million yuan, aiming to enhance its product offerings and strengthen its competitive position in the new materials sector [4]. - This acquisition is part of the company's strategy to achieve resource sharing and complementarity, thereby improving product quality and market reach [4]. Group 4: Future Outlook - The company plans to enhance operational efficiency and market competitiveness in 2025, focusing on product upgrades and new launches, particularly in the renewable energy and consumer electronics sectors [5].