JIULI Hi-tech(SZ:002318) Quan Jing Wang·2025-08-26 09:45Core Viewpoint - The company, Jiu Li Special Materials, has demonstrated resilience and growth in the first half of 2025, achieving significant revenue and profit increases despite external challenges, driven by innovation and strategic partnerships [1][5]. Financial Performance - In the first half of 2025, the company reported revenue of 6.105 billion yuan, a year-on-year increase of 26.39% [1] - The net profit attributable to shareholders reached 804 million yuan, reflecting a growth of 36.44% year-on-year [1] Product Development and Market Position - The company focuses on high-value industrial stainless steel pipes, establishing itself as a key player in the sector through continuous technological upgrades and a diverse R&D system [2][3] - High-value stainless steel pipes for advanced equipment manufacturing and new materials generated revenue of 1.22 billion yuan, accounting for 20% of total revenue, with a year-on-year growth of 15.42% [3] International Expansion and Collaboration - The company's overseas sales revenue surged by 92.94%, with overall revenue from composite pipes increasing by 219.26%, attributed to successful international projects [4] - The company actively engages in international markets, participating in industry exhibitions to enhance visibility and collaboration with global clients [4] Investment Value and Future Outlook - The company is positioned for continued growth, with a production capacity target of 190,000 tons of finished industrial pipes and a projected sales increase of 23.7% in 2025 [6] - The implementation of an employee stock ownership plan and a high dividend payout ratio exceeding 60% are expected to enhance the company's investment appeal [6]