达威股份（300535）公告，2024年营业收入7.53亿元，同比增长3.94%。归属于上市公司股东的净亏损 1144.85万元，去年同期净利润2842.84万元。基本每股收益-0.1092元/股。公司计划不派发现金红利，不 送红股，不以公积金转增股本。 ...

久日新材公告，2024年公司实现营业收入14.88亿元，同比增长20.52%；归属于上市公司股东的净利 润-5376.08万元，较去年同期相比，减少4237.69万元亏损，亏损收窄44.08%。公司2024年度利润分配预 案为：拟不进行利润分配，不派发现金红利，不送红股，不以资本公积金转增股本，剩余未分配利润滚 存至下一年度。 ...

Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of 26.85 RMB [8][9]. Core Views - The company reported a revenue of 5.3 billion RMB in 2024, remaining stable year-on-year, but the net profit attributable to shareholders decreased by 21% to 560 million RMB [1]. - The decline in net profit is attributed to pressures in the bulk chemical sector and increased unit costs due to the suspension of sucralose production [1]. - The report anticipates a recovery in the sweetener market, supported by supply-side and cost-side factors, which could enhance future profitability [1][3]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 5.3 billion RMB, with a net profit of 560 million RMB, reflecting a year-on-year decrease of 21% [1]. - The fourth quarter of 2024 saw a revenue of 1.26 billion RMB, up 4% year-on-year but down 16% quarter-on-quarter [1]. - The company plans to distribute a cash dividend of 0.83 RMB per share, with a payout ratio of 82% [1]. Market Dynamics - The sweetener prices began to rise in the second half of the previous year due to cost support and supply-side coordination [2]. - The report notes a 14% year-on-year decline in sucralose exports in the first two months of 2025, indicating ongoing market challenges [3]. Project Developments - The company successfully launched several projects, including a 600,000-ton sulfuric acid production facility and an 80,000-ton electronic-grade hydrogen peroxide project, which are expected to contribute to future profits [4]. Profit Forecast and Valuation - The forecast for net profit attributable to shareholders is 1.02 billion RMB for 2025, 1.26 billion RMB for 2026, and 1.49 billion RMB for 2027, reflecting growth rates of 83%, 24%, and 18% respectively [5]. - The report assigns a 15x PE ratio for 2025, leading to a target price of 26.85 RMB, which is an increase from the previous target of 25.06 RMB [5].

康鹏科技公告，2025年第一季度营收为2.43亿元，同比增长44.27%；净利润为3062.91万元，同比增长 59.73%。 ...

康鹏科技公告，2024年营业收入6.75亿元，同比下降31.11%。归属于上市公司股东的净利润-4953.16万 元，同比减少143.95%。公司2024年度利润分配预案为不进行利润分配，不进行资本公积金转增股本， 不送红股。 ...

彤程新材（603650）公告，2024年营业收入32.7亿元，同比增长11.10%。归属于上市公司股东的净利润 5.17亿元，同比增长27.10%。公司拟以实施权益分派股权登记日登记的总股本为基数，向全体股东每10 股派发现金红利5元(含税)，拟派发现金红利2.98亿元(含税)。 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][6] Core Views - The company's Q4 performance was under pressure, but there is optimism for future performance recovery and long-term growth. The company is expected to benefit from the recovery in the chemical sector and the growth in domestic demand, with new projects contributing to revenue growth [6][8] - In 2024, the company achieved a revenue of 182.07 billion yuan, a year-on-year increase of 3.83%, but the net profit attributable to shareholders decreased by 22.49% to 13.03 billion yuan. The Q4 revenue was 34.47 billion yuan, down 19.49% year-on-year and 31.80% quarter-on-quarter [6][10] - The company plans to expand its polyurethane production capacity, with MDI capacity expected to reach 4 million tons per year and TDI capacity to reach 1.11 million tons per year by the end of 2024. New projects are anticipated to drive long-term growth [8][10] Financial Summary - In 2024, the company reported a revenue of 182.07 billion yuan, with a year-on-year growth of 3.83%. The net profit attributable to shareholders was 13.03 billion yuan, down 22.49% year-on-year. The projected net profits for 2025, 2026, and 2027 are 14.56 billion yuan, 17.39 billion yuan, and 20.44 billion yuan respectively [6][10] - The company's gross margin for 2024 was 16.2%, with a net margin of 7.2%. The projected EPS for 2025, 2026, and 2027 are 4.64 yuan, 5.54 yuan, and 6.51 yuan respectively [10][13] - The company has a total market capitalization of 176.64 billion yuan, with a current stock price of 56.26 yuan, reflecting a P/E ratio of 12.1 for 2025 [1][10]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% in the next 6-12 months [5][14]. Core Insights - In 2024, the company achieved revenue of 182.069 billion RMB, a year-on-year increase of 3.83%, while the net profit attributable to shareholders was 13.033 billion RMB, a decrease of 22.49% [2]. - For Q1 2025, the company reported revenue of 43.068 billion RMB, down 6.70% year-on-year, with a net profit of 3.082 billion RMB, down 25.87% [2]. - The company’s various business segments are performing stably, with polyurethane sales revenue at 75.844 billion RMB and a gross margin of 26.15% in 2024 [4]. Financial Performance Summary - Sales expenses increased by 20.25% year-on-year to 1.619 billion RMB in 2024, driven by the expansion of marketing and logistics efforts [3]. - Management expenses rose by 23.38% to 3.023 billion RMB, reflecting increased personnel costs [3]. - R&D expenses grew by 11.51% to 4.550 billion RMB, indicating ongoing technological upgrades [3]. - Asset impairment losses surged by 446.94% to 740 million RMB, primarily due to inventory write-downs and fixed asset impairments [3]. Segment Performance - The polyurethane segment is expected to expand its MDI capacity to 4.5 million tons per year by mid-2026, with a current capacity of 3.8 million tons [4]. - The petrochemical segment generated sales of 72.518 billion RMB in 2024, with a gross margin of 3.52% [4]. - The fine chemicals and new materials segment reported revenue of 28.273 billion RMB, with a gross margin of 12.78% [4]. Profit Forecast and Valuation - The projected net profits for 2025, 2026, and 2027 are 13.970 billion RMB, 14.636 billion RMB, and 15.804 billion RMB, respectively, with corresponding EPS of 4.45, 4.66, and 5.03 RMB per share [5]. - The current market valuation corresponds to P/E ratios of 12.64X, 12.07X, and 11.18X for the years 2025, 2026, and 2027 [5].

智通财经APP获悉，4月7日， 肯特催化(603120.SH)开启申购，发行价格为15元/股，申购上限为0.9万股，市盈率16.76 倍，属于上交所，国金证券为其保荐 人。 招股书披露，肯特催化是一家主要从事季铵（鏻）化合物产品研发、生产和销售的高新技术企业，拥有季铵盐、季铵碱、季鏻盐、冠醚等四大系列产品，致 力于为精细化工、分子筛、高分子材料、电池电解液、油田化学品等领域的客户提供优质的产品和服务。报告期内，主营业务收入占营业收入的比例分别为 99.65%、99.65%、99.71%和99.64%，公司主营业务没有发生变化。 | 项目 | 2022年1-6月 | 2021 年度 | 2020 年度 | 2019 年 | | --- | --- | --- | --- | --- | | 营业收入 | 42,339.53 | 63,584.39 | 48,574.40 | 46,55 | | 营业利润 | 7.433.48 | 10,634.98 | 9.084.44 | 8.90 | | 利润总额 | 7,384.63 | 10,587.45 | 9.031.21 | 8.65 | | 净利润 | 6.07 ...

尊敬的各位投资者支持关心万生股份的朋友们大家好欢迎参加万生股份2024年度业绩说明会首先感谢上海证券交易所上证录影中心为本次业绩说明会提供支持和指导感谢投资者朋友们抽出宝贵的时间参会接下来请允许我介绍出席本次业绩说明会的嘉宾他们分别是 公司董事长高宪国先生公司董事兼总裁周三双先生公司副总裁兼CFO宋瑞波先生以及公司独立董事程良兆先生我是本次会议的主持人公司副总裁兼董事会秘书钱明君本次我们的业绩说明会分为五个议程分别为总裁周总报告 2024年生产经营情况及2025年经营计划CFO报告财务业绩情况独立董事报告独立董事工作情况董事长致辞以及中小投资者的网络互动环节下面首先有请公司总裁周总发言尊敬的各位投资者 我关心知识外生股份的朋友们大家好下面我代表外生股份对2024年的生态经营情况及2025年的经营计划给大家做个汇报一 2024年的生态经营情况2024年面对全球经济之战需求缩缩 公司充斥衰端压力公司坚持全球一流功能性新材料企业的战略目标攻击困难挣扎实干这些走出去深化垂修化战略布局全体职业营收29.63亿元同比增长97%一聚焦供销协同 提升营运能力方面通过精准市场分析扑克铁壳渠道多轮竞价等方式推进航行资设降低铁壳成 ...