Xin Lang Zheng Quan·2025-08-26 14:55Core Viewpoint - Jingrui Electronic Materials Co., Ltd. has demonstrated strong performance in the first half of 2025, focusing on semiconductor and new energy applications, with significant growth in revenue and net profit [1][2]. Group 1: Company Overview - Jingrui Electronic Materials is a leading domestic electronic materials company, specializing in high-purity wet electronic chemicals, photoresists, and lithium battery materials [1]. - The company aims to achieve technological leadership, maximum production capacity, and a leading market share in the high-purity wet electronic chemicals sector [1]. Group 2: Financial Performance - The company's revenue for the first half of 2025 reached approximately 768 million yuan, a year-on-year increase of 10.68% [2]. - Net profit attributable to shareholders was 69.75 million yuan, reflecting a remarkable year-on-year growth of 1501.66% [2]. - The net profit after deducting non-recurring gains and losses was 32.69 million yuan, up 1434.73% year-on-year [2]. - Operating cash flow net amount was 172.98 million yuan, showing a year-on-year increase of 44.48% [2]. Group 3: Product Performance - Revenue from photoresist products in the first half of 2025 was 105.87 million yuan, with a year-on-year growth of 12.36% [3]. - Sales volume of positive photoresists grew over 12%, with sales revenue increasing by over 18% [3]. - High-purity hydrogen peroxide achieved a market share exceeding 40%, with a year-on-year shipment increase of over 55% [3]. Group 4: Market Position and Competition - The company has established four production bases, achieving nearly 300,000 tons of domestic maximum capacity and integrated production [1]. - Despite increased competition from domestic peers in high-purity chemicals, the company maintains a significant advantage in high-purity hydrogen peroxide with metal impurity content below 1 ppt [3]. Group 5: Future Outlook - The company is assessing future production expansion based on market conditions, customer needs, and strategic considerations [3]. - The progress of the restructuring project for Hubei Jingrui has been reported to the Shenzhen Stock Exchange, with further updates expected [3].