Ge Long Hui A P P·2025-09-16 09:11Core Viewpoint - The report from Dongfang Securities highlights that Chujian New Materials achieved a net profit attributable to shareholders of 251 million (up 48.83%) in the first half of the year, with a projected net profit of 119 million (up 80.49%) for Q2 2025 [1] Group 1: Financial Performance - In the first half of the year, Chujian New Materials reported a net profit of 251 million, reflecting a growth of 48.83% [1] - For Q2 2025, the company is expected to achieve a net profit of 119 million, indicating an increase of 80.49% [1] Group 2: Business Operations - Tian Niao High-tech operated at full capacity in the first half of the year, indicating strong performance in the composite materials sector despite a revenue decline [1] - The company's contract liabilities at the end of H1 2025 amounted to 343 million, representing a growth of 22.16% [1] - The production line at Tian Niao High-tech is running at full capacity, with significant increases in production personnel and working hours year-on-year [1] Group 3: Strategic Outlook - The special equipment and materials business is aligned with national strategic needs and is actively exploring overseas markets [1] - As the transformation and upgrading process continues, the profitability of the copper business is expected to improve [1] - Based on the average valuation of comparable companies for 2026, a target price of 10.92 yuan is set, maintaining a "buy" rating [1]