6天5板联化科技：公司K胺产品毛利稳定

Core Viewpoint - The explosion incident at Shandong Youdao Chemical Co., Ltd. has led to increased market interest in chlorantraniliprole-related concept stocks, particularly benefiting Lianhua Technology, which has seen a significant rise in its stock price and market capitalization [1] Group 1: Incident Impact - The explosion at Youdao Chemical on May 27 has affected the supply-demand dynamics of chlorantraniliprole, as the company is a leading domestic producer with an annual production capacity of 11,000 tons [1] - The incident may lead to supply tightness of upstream intermediates, particularly K acid and K amine, which are crucial for chlorantraniliprole production [1] Group 2: Company Response - Lianhua Technology has stated that its K amine products are under long-term agreements with clients, utilizing a cost-plus pricing model, and has not received any notifications regarding increased demand for related products [2] - The company emphasizes that the impact of the incident on its operations is limited and urges investors to remain rational [2] Group 3: Financial Performance - In Q1, Lianhua Technology reported a revenue of 1.51 billion yuan, a year-on-year increase of 3.02%, and a net profit of 49.72 million yuan, representing a more than 17-fold increase [2] - The company's agricultural protection segment has stabilized in terms of gross margin, while the pharmaceutical segment is also developing steadily [3] Group 4: Future Outlook - Lianhua Technology anticipates that its new energy business will achieve significant revenue breakthroughs by 2025, with stable supply and increasing production of electrolyte products [3] - The company is actively negotiating future product orders for its Malaysian factory, which is currently in the construction phase with a budget not exceeding 200 million USD [3]