Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [6]. Core Insights - The company's revenue for 2024 reached 1.488 billion, a year-on-year increase of 20.52%, while the net profit attributable to shareholders was a loss of 53.76 million, narrowing the loss by 44.08% compared to the previous year [1][4]. - The growth in sales volume and recovery in gross margin of photoinitiators significantly improved the company's performance, with photoinitiator revenue at 1.093 billion, up 15.19% year-on-year, and a gross margin increase of 5.6 percentage points to 15.9% [2]. - The company has begun generating revenue from photoresist products, with a revenue contribution of 1.34 million from photoresist business and a gross margin of 42.6% [3]. Summary by Sections Financial Performance - In Q4 2024, the company achieved a revenue of 364 million, a year-on-year increase of 6.26% and a quarter-on-quarter increase of 2.37% [1]. - The company reported a total production of 19,900 tons of photoinitiators, a 40.6% increase year-on-year, and sales volume of 23,100 tons, up 20.2% [2]. Cost Management - The manufacturing costs for photoinitiators decreased by 18.54% year-on-year, contributing to the recovery of gross margins [2]. - The company improved its operational management, resulting in a decrease in selling, general, and administrative expenses as a percentage of revenue [2]. Future Projections - The company forecasts net profits attributable to shareholders of 21 million, 67 million, and 128 million for 2025, 2026, and 2027 respectively, indicating a positive growth trajectory [4][5]. - The gross margin is expected to improve further, reaching 20% by 2027 [12].

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0500 | -0.0600 | 16.67 | 0.0800 | | 每股净资产（元） | 10.17 | 10.53 | -3.42 | 10.67 | | 每股公积金(元) | 7.19 | 7.18 | 0.14 | 7.19 | | 每股未分配利润(元) | 1.34 | 1.72 | -22.09 | 1.92 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 2.88 | 2.43 | 18.52 | 1.77 | | 净利润(亿元) | -0.11 | -0.13 | 15.38 | 0.17 | | 净资产收益率(%) | -0.54 | -0.60 | 10 | 0.79 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 531.16万股，累计占流通股比： 10. ...

数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 4407.65万股，累计占流通股比： 23.11%，较上期变化： -440.16万股。 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.1000 | 0.3600 | -72.22 | 0.2600 | | 每股净资产（元） | 4.24 | 4.26 | -0.47 | 3.7 | | 每股公积金(元) | 0.71 | 0.71 | 0 | 0.33 | | 每股未分配利润(元) | 2.25 | 2.27 | -0.88 | 2.12 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 20.01 | 17.76 | 12.67 | 18.32 | | 净利润(亿元) | 0.22 | 0.85 | -74.12 | 0.61 | | 净资产收益率(%) | 1.92 | 8.63 | - ...

利安隆（300596）公告，2024年营业收入56.87亿元，同比增长7.74%。归属于上市公司股东的净利润 4.26亿元，同比增长17.61%。基本每股收益1.86元/股，同比增长17.61%。公司拟向全体股东每10股派发 现金红利3.7元(含税)，送红股0股(含税)，以资本公积金向全体股东每10股转增0股。 ...

值得一提的是研发方面，报告期内，万凯新材重点研发项目取得了阶段性进展，其中， "生物基呋喃聚酯项目" 持续推进与上下游合作资源协同推进研发 工作，已开展多次中试 ； "PET化学法再生技术项目" 已成功建设年产100吨级实验室中试线一套，用于展开不同等级废弃PET资源的再生试验研究； "新 型耐热共聚酯项目" 完成基础开发工作，推出了多个牌号高性能耐热聚酯工程塑料，已开始实现小批量销售。 此前，万凯新材就表示， 生物基呋喃聚酯（PEF）项目 是公司目前重点研发项目之一 ，主要应用在高阻隔包装材料上，可以满足 功能饮料、乳制品、 啤酒、药品包装等高阻隔包装应用 产品需求，市场前景良好。 声明： 因水平有限，错误不可避免，或有些信息非最及时，欢迎留言指出。本文由作者重新编写，仅作新材料相关领域介绍，本文不构成任何投资建议！转载请注明来源！ 4月21日， 万凯新材 （301216） 发布2024年年度报告，2024年度，公司实现 营业收入172.32亿元，同比减少1.71% ；净亏损约3.00亿元，上年同 期则盈利4.37亿元；扣非净亏损2.14亿元，上年同期则盈利2.75亿元，基本每股亏损0.58元。 | | 2 ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.1300 | 0.1600 | -18.75 | 0.1900 | | 每股净资产（元） | 10.25 | 10.47 | -2.1 | 4.98 | | 每股公积金(元) | 5.96 | 5.95 | 0.17 | 0.41 | | 每股未分配利润(元) | 3.01 | 3.17 | -5.05 | 3.21 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 5.79 | 6.62 | -12.54 | 5.36 | | 净利润(亿元) | 0.19 | 0.22 | -13.64 | 0.2 | | 净资产收益率(%) | 1.31 | 1.51 | -13.25 | 3.86 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 1398.07万股，累计占流通股比： 26.15 ...

Financial Performance - The company reported a basic earnings per share of -0.3268 yuan for 2024, a decrease of 180.71% compared to 0.4049 yuan in 2023 [1] - The net profit for 2024 was -0.33 billion yuan, down 180.49% from 0.41 billion yuan in 2023 [1] - The operating revenue decreased by 14.65% to 8.1 billion yuan in 2024 from 9.49 billion yuan in 2023 [1] - The return on equity was -1.21% in 2024, a significant drop from 1.48% in 2023 [1] - The net asset per share fell to 0 yuan in 2024, a 100% decrease from 27.13 yuan in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 10.2495 million shares, accounting for 24.33% of the circulating shares, a decrease of 2.965 million shares from the previous period [1] - Notable shareholders include 尚融宝盈(宁波)投资中心 with 584.52 million shares (13.87%) and 中国银行 with 80 million shares (1.90%), which saw a reduction of 70 million shares [2] - New entrants among the top shareholders include 中国石油天然气集团有限公司企业年金计划 and 中国建设银行, both holding over 49 million shares [2] Dividend Policy - The company has announced no distribution or capital increase for the current period [4]

一、主要会计数据和财务指标 | 名称 持有数量(万股) | | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 成都展翔投资有限公司 | 676.41 | 8.85 | 不变 | | 严建林 | 560.18 | 7.33 | 不变 | | 栗工 | 384.14 | 5.03 | 不变 | | 许皓 | 155.73 | 2.04 | -23.91 | | 西藏星瑞企业管理服务有限公司 | 110.00 | 1.44 | 新进 | | 韩靓 | 96.41 | 1.26 | 新进 | | 许金林 | 85.05 | 1.11 | -45.18 | | 拉萨鑫宏雅科技有限公司 | 54.60 | 0.71 | 不变 | | 周丽萍 | 52.69 | 0.69 | -0.17 | | 邹丽 | 47.57 | 0.62 | 不变 | | 较上个报告期退出前十大股东有 | | | | | 拉萨市星晴网络科技有限公司 | 125.01 | 1.64 | 退出 | | 招商沪深300指数增强A | 55.07 | 0.72 | 退出 | 三、分红送配方案情况 不 ...