苏博特: 2025年半年度报告

Core Viewpoint - Jiangsu Sobute New Materials Co., Ltd. reported a significant improvement in its financial performance for the first half of 2025, with a 7.03% increase in revenue and an 18.68% increase in net profit attributable to shareholders compared to the same period last year [4][9]. Company Overview and Financial Indicators - The company achieved operating revenue of approximately 1.67 billion yuan, up from 1.56 billion yuan in the previous year [2][9]. - The total profit for the period was approximately 117.23 million yuan, a 2.17% increase from 114.75 million yuan [2][9]. - The net profit attributable to shareholders was approximately 63.25 million yuan, compared to 53.29 million yuan in the same period last year, marking an 18.68% increase [2][9]. - The company's total assets increased by 6.16% to approximately 8.37 billion yuan [2][9]. Industry and Main Business Situation - The concrete admixture industry in China is characterized by a large number of enterprises with low concentration, primarily dominated by domestic companies [4][5]. - The company is a leading supplier of new civil engineering materials, consistently ranking first in the comprehensive evaluation of concrete admixture enterprises from 2014 to 2024 [4][5]. - The main products include high-performance water reducers and functional materials, which are essential for improving concrete performance and construction efficiency [4][5]. Business Development and Market Expansion - The company has focused on expanding its market presence in major engineering projects, particularly in the western regions of China, achieving significant results in sectors such as hydropower and nuclear power [4][5]. - Functional materials have shown a growth rate of around 25%, indicating strong market potential for these products [4][5]. - The company has also expanded its overseas business, establishing subsidiaries in the Philippines, Singapore, and Thailand, and developing special formulas tailored to international customer needs [4][5]. Research and Development - The company has increased its R&D efforts, focusing on developing energy-saving and environmentally friendly products to enhance its technological barriers [5][6]. - It holds 1,068 national patents and 42 international invention patents, demonstrating its commitment to innovation and industry standards [6][7]. - The company has established several research centers and laboratories, providing a strong foundation for technological innovation and product development [6][7]. Competitive Advantages - The company is recognized as a national high-tech enterprise and has received various honors, including being listed as a "manufacturing single champion demonstration enterprise" [6][7]. - It has a well-structured R&D team with over 200 professionals, including two academicians from the Chinese Academy of Engineering [7][8]. - The company’s products have been successfully applied in major projects such as the Hong Kong-Zhuhai-Macao Bridge and the Sichuan-Lhasa Railway, showcasing its reliability and market trust [8][9].