晨化股份2025年中报亮眼：净利润增长33.69%，创新驱动高质量发展

Core Viewpoint - Despite facing a complex external environment, the company achieved steady growth with a net profit increase of 33.69%, demonstrating strong profitability and market competitiveness [1]. Financial Performance - In the first half of 2025, the company reported operating revenue of 434 million yuan, a slight decrease of 5.62% year-on-year, while net profit attributable to shareholders reached 52.21 million yuan, up 33.69% year-on-year [2]. - The net profit excluding non-recurring gains and losses was 35.88 million yuan, reflecting a 33.85% increase year-on-year, indicating sustained enhancement in core business profitability [2]. - Basic earnings per share were 0.25 yuan, a year-on-year increase of 38.89%, and the weighted average return on net assets was 4.42%, up 0.93 percentage points year-on-year [2]. - The growth in net profit was primarily driven by product structure optimization and improved cost control, with operating costs decreasing by 9.21% year-on-year and significant improvements in gross margins for key products [2]. Innovation and Technology - The company emphasizes technological innovation as a core competitive advantage, adding 2 new invention patents during the reporting period, bringing the total to 98, including 55 invention patents [3]. - Research and development investment reached 20.73 million yuan, a year-on-year increase of 3.38%, reinforcing the commitment to technological advancement [3]. - The company has obtained EU REACH certification, facilitating the expansion of international markets for products such as alkyl glycosides and flame retardants [3]. - In the first half of 2025, international market export revenue accounted for 13.14% of total revenue, indicating significant progress in internationalization [3]. Capacity Expansion and Social Responsibility - The company’s subsidiary completed the renewal of its safety production license and initiated a project to expand the annual production capacity of alkyl glycosides to 70,000 tons, further solidifying its leading position in the eco-friendly surfactant market [3]. - The company invested 60 million yuan to support the development of its subsidiary, reflecting confidence in future market prospects [3]. - The company actively fulfills social responsibilities, focusing on environmental protection and safety production, and has received multiple national and local commendations for its charitable contributions [4]. - The ongoing expansion of production capacity is expected to provide new momentum for future performance growth [4].