Tianan New Material(SH:603725) Zheng Quan Ri Bao Wang·2025-10-17 07:13Core Viewpoint - Tianan New Materials has demonstrated significant growth in revenue and net profit for the first three quarters of 2025, driven by its strategic focus on the automotive interior materials sector and effective integration of acquisitions [1][2]. Financial Performance - The company achieved a revenue of 2.273 billion yuan, a year-on-year increase of 3.47% [1]. - Net profit attributable to shareholders reached 97.54 million yuan, up 21.47% year-on-year [1]. - The net profit excluding non-recurring gains and losses was 95.08 million yuan, reflecting a 31.07% increase [1]. - In Q3 alone, net profit attributable to shareholders was 35.37 million yuan, a substantial increase of 31.12% year-on-year [1]. - The net profit excluding non-recurring gains and losses for Q3 was 34.98 million yuan, a remarkable surge of 55.64% compared to the same period last year [1]. Market Opportunities - The company has effectively captured market opportunities in the automotive interior materials sector, particularly with the rise of new energy vehicles and the emergence of domestic brands, resulting in a revenue increase of over 125 million yuan, or 34% year-on-year, in this segment [1][2]. Integration and Efficiency - Tianan New Materials has demonstrated strong integration capabilities post-acquisition, particularly in the building fireproof decorative panel business, where revenue increased by 34% year-on-year, and gross margin rose to over 33%, contributing an additional 30 million yuan to gross profit [2]. - The company is focusing on lean management to reduce costs and enhance efficiency while also embracing the trend of embodied intelligence for long-term growth [2]. Strategic Investments - The company made a strategic investment in Guangdong Ruobo Intelligent Robot Co., marking a significant step into the embodied intelligence sector [2]. - This investment aims to leverage the company's core advantages in skin-like decorative materials technology to develop key materials for robotic applications [2]. Future Directions - The company plans to capitalize on domestic urban renewal and old housing renovation policies while expanding its market presence in overseas demand for prefabricated assembly materials and integrated assembly technology [3]. - Tianan New Materials aims to drive growth through a dual strategy of consolidating its core business and exploring new growth areas, particularly in the embodied intelligence sector, to transition from traditional manufacturing to high-end, intelligent production [3].