Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has achieved a record high quarterly revenue of 130 million yuan in Q2 2024, reflecting a year-on-year growth of 22.12% and a quarter-on-quarter growth of 95.09% [1] - The company has set a stock repurchase plan for 1 to 1.2 million shares, demonstrating confidence in its value [1] - Despite a decrease in revenue and net profit for the first half of 2024, the company maintains a positive outlook on its research capabilities and the long-term growth prospects of nickel, cobalt, and lithium extraction agents [1] Financial Performance Summary - The company's revenue for H1 2024 was 196 million yuan, down 11.08% year-on-year, with a net profit of 59.83 million yuan, down 17.86% [1] - The gross margin for H1 2024 was 44.48%, an increase of 0.25 percentage points year-on-year [1] - The profit forecasts for 2024-2026 have been adjusted downwards due to cyclical demand impacts, with expected net profits of 156 million yuan (originally 175 million), 182 million yuan (originally 233 million), and 233 million yuan (originally 266 million) respectively [1] Market Recognition and New Products - Lithium extraction agents and acid mist suppressants have received market recognition, with significant performance in shipment volumes in Q1 2024 [3] - The company won bids for new products, including acid mist suppressants and nickel extraction agents, indicating strong market acceptance [3] - The construction of a new project for producing 20,000 tons of specialty surfactants is nearing completion and will enter trial production soon [3] Copper Demand and Growth Prospects - The demand for copper remains strong, with significant revenue growth in 2022-2023 driven by new and expanded copper mines [4] - Major copper mining projects are expected to contribute to future supply growth, with an annual production capacity increase of approximately 10 million tons of copper [4] - The trend of hydrometallurgy replacing pyrometallurgy is expected to boost the demand for copper extraction agents in the new mining cycle [4]
康普化学：北交所信息更新：善用化学之道--锂萃取剂获认可，募投突破产能瓶颈