Ge Long Hui A P P·2025-08-15 07:16Core Insights - The report from Zheshang Securities highlights that Jinghua New Materials achieved a 19% growth in net profit excluding non-recurring items in the first half of the year, driven by the gradual release of new production capacity and an increase in market share of core products [1] - The company is expanding into new growth areas such as flexible tactile sensors and electronic skin for humanoid robots, which are expected to open up additional growth opportunities [1] - Sichuan Jinghua plans to develop 1 billion square meters of new adhesive materials and 100,000 tons of biodegradable paper-based new materials, with the first phase of the project expected to be completed by the end of 2024 [1] Financial Projections - The company is projected to achieve net profits attributable to shareholders of 82 million, 121 million, and 159 million yuan for the years 2025, 2026, and 2027, representing year-on-year growth rates of 23%, 47%, and 32% respectively [1] - Corresponding price-to-earnings (PE) ratios are expected to be 87, 59, and 45 times for the same years [1]