晶瑞电材: 2025年半年度报告摘要

Core Viewpoint - The company achieved significant growth in revenue and net profit during the first half of 2025, driven by its investments in high-purity wet chemicals and a strong market position in the semiconductor industry [1][6][7]. Financial Performance - The company's operating revenue for the reporting period reached approximately 767.94 million yuan, representing a year-on-year increase of 10.68% from 693.82 million yuan [3][6]. - The net profit attributable to shareholders was approximately 69.75 million yuan, a substantial increase of 1,501.66% compared to a loss of approximately 4.98 million yuan in the same period last year [3][6]. - The net cash flow from operating activities was approximately 172.98 million yuan, showing a significant improvement from 119.73 million yuan, marking a 44.48% increase [3][4]. Shareholder Returns - The board approved a profit distribution plan, proposing a cash dividend of 0.10 yuan per 10 shares (including tax), with no bonus shares issued [1][2]. Business Segments - High-purity wet chemicals generated revenue of approximately 450.72 million yuan, a year-on-year increase of 22.49%, primarily due to sales growth in high-purity hydrogen peroxide, high-purity ammonia, and high-purity sulfuric acid [6][7]. - The company's photoresist products achieved revenue of approximately 105.87 million yuan, reflecting a year-on-year growth of 12.36% [6][7]. - Revenue from lithium battery materials decreased by 15.71% to approximately 105.02 million yuan, impacted by a decline in the price of core product NMP [7]. Market Position - The company has established itself as a leading supplier in the domestic market, supplying over twenty major semiconductor chip manufacturers and achieving a market share exceeding 40% in high-purity hydrogen peroxide [6][7]. - The company has successfully replaced international competitors in several product categories, enhancing its competitive edge in both quality and cost [6].