YONGTAI TECH.(SZ:002326) Quan Jing Wang·2025-06-11 08:13Core Viewpoint - Yongtai Technology is experiencing a significant recovery in its operational quality, with a notable reduction in losses and growth in key business segments, indicating a positive outlook for future development. Group 1: Company Overview - Yongtai Technology, established in 1999 and listed in 2009, is a leading manufacturer of fluorine fine chemicals, with a diversified product matrix covering new materials, pharmaceuticals, plant protection, and trade [1]. - The company has multiple production bases in Zhejiang, Inner Mongolia, Fujian, and Guangdong, ensuring sufficient capacity for sustainable development [1]. Group 2: Financial Performance - The company reported a 36.26% year-on-year reduction in losses, indicating improved operational quality [2]. - The lithium battery materials segment saw a gross margin increase of 23.07 percentage points year-on-year, reflecting a recovery in core business profitability [2]. - The plant protection segment's revenue grew by 91.79% year-on-year, showcasing strong market demand [2]. - For Q1 2025, Yongtai Technology achieved a revenue of 1,059.96 million yuan and a net profit attributable to shareholders of 10.58 million yuan [2]. Group 3: Strategic Development - In the lithium battery materials sector, the company is implementing cost reduction and efficiency enhancement measures, with production and sales of electrolyte solutions increasing [3]. - Yongtai Technology has a production capacity of 67,000 tons/year for lithium bis(fluorosulfonyl)imide (LiFSI), with steadily improving capacity utilization and decreasing production costs [3]. - The company is focusing on long-term strategic planning in lithium battery technology and enhancing R&D collaboration to improve technological maturity [3]. Group 4: Market Expansion - In the pharmaceutical sector, Yongtai Technology aims to develop high-value-added formulation products and has won bids for centralized procurement in several provinces [4]. - The company has established a professional marketing team to expand its domestic market share [4]. - In the plant protection business, Yongtai Technology covers key production processes and is enhancing production and sales integration through its subsidiary, Shanghai Nonghui, which holds over 1,500 overseas pesticide registration certificates [4].