雅克科技上半年营收增长31.82%,拟每10股派现3.2元

Core Viewpoint - 雅克科技 reported a strong revenue growth of 31.82% year-on-year, driven by its focus on electronic semiconductor materials and LNG insulation materials, although net profit growth was modest at 0.63% [1][2]. Group 1: Financial Performance - The company achieved an operating revenue of approximately 4.293 billion yuan in the first half of 2025, with a net profit attributable to shareholders of 523 million yuan [1]. - A cash dividend of 3.2 yuan per 10 shares (including tax) is proposed for all shareholders [1]. Group 2: Business Segments - The electronic materials sector was a key driver of growth, with semiconductor chemical materials and photoresists generating revenue of 2.113 billion yuan, accounting for nearly 50% of total revenue, and a year-on-year growth rate of 18.98% [1]. - The LNG insulation board business saw a significant increase of approximately 80% year-on-year, driven by demand from large LNG transport vessels and low-temperature insulation composite materials [2]. Group 3: R&D and Production - R&D investment reached 167 million yuan, reflecting a year-on-year increase of 29.31%, with a focus on semiconductor precursor materials and LNG composite materials [3]. - The company is in the process of scaling up production capacity, with the Jiangsu Xian Technology semiconductor precursor materials project moving towards batch trial production [3]. Group 4: Challenges - The company noted that low net profit growth is attributed to high fixed costs during the capacity release phase of the Jiangsu Xian production line and the acquisition of Yak Technology (Nantong) Semiconductor Materials Co., which is currently in the market introduction phase and has a lower gross margin [3].