PRET(SZ:002324) Sou Hu Cai Jing·2025-08-26 14:37Company Overview - Company announced an earnings briefing on August 26, 2025, with participation from various financial institutions [1] - Company operates in three main business segments: modified materials, ICT materials, and new energy [8] Financial Performance - Total operating revenue for the company reached 408.98 million yuan, an increase of 9.06% year-on-year [2] - Operating profit was 22.53 million yuan, up 52.46% compared to the previous year [2] - Net profit attributable to shareholders was 20.73 million yuan, reflecting a 43.94% increase year-on-year [2] - In Q2 2025, the company reported a single-quarter revenue of 215.6 million yuan, a 19.6% increase year-on-year [8] New Energy Business - The new energy segment saw a significant improvement, with revenue growth of 21.32% year-on-year, driven by high demand for square batteries and increased orders for sodium-ion batteries [1][3] - Future prospects for the new energy business are positive, with expectations of accelerated overseas expansion and continued development of sodium-ion and semi-solid batteries [3] Modified Materials Business - The company is a leader in the modified materials industry, actively collaborating with clients in the robotics sector to apply modified PEEK, PPS, and P materials [4] - The company has successfully supplied modified materials to industrial robotics and is focusing on lightweight applications for humanoid robots [4] LCP Film and Fiber Business - The company has established a comprehensive LCP resin layout, covering injection molding, film, and fiber grades, which creates significant barriers to entry [5] - LCP electronic fiber cloth has shown excellent performance in high-frequency PCB applications, with ongoing efforts to improve product performance in collaboration with clients [6] - LCP film products are expected to see increased demand in 6G, automotive radar, and brain-machine interface applications, with successful batch deliveries already reported [7] Market Sentiment and Predictions - Recent ratings from two institutions have given a "buy" recommendation for the stock, with a target price of 12.00 yuan [9] - Financing data indicates a net inflow of 74.07 million yuan in the last three months, suggesting positive market sentiment [10]