Group 1: Investor Relations Activities - The company conducted a specific investor survey and an analyst meeting on May 9, 2025, attended by multiple securities firms and investment management companies [3][4]. Group 2: Technical Barriers and Core Technologies - The company has developed over 200 mature mixing rubber formulas, enabling customized development for high-end applications in military and coal industries [5][6]. - Key technologies include mixing rubber formula technology, flexible production line for sealing components, and manufacturing processes for high-pressure hoses [6]. Group 3: R&D Investment and Competitive Advantage - The company holds 18 effective patents, including 4 invention patents, and has 16 ongoing projects, 6 of which are related to military applications [7]. - Successful development of high-pressure hoses and sealing components for coal mining machinery has solidified the company's leading position in the market [7]. Group 4: Military Business Growth - In 2024, the military business saw a 30.88% increase in revenue, with 12 new clients added, driven by the company's technology transfer from civilian to military applications [8][9]. Group 5: Profitability and Market Trends - The company maintains a high gross margin due to the increasing sales proportion of high-value products, including hydraulic seals and hoses [10]. - The coal mining auxiliary transport equipment market is expected to grow at a rate of 10%-15%, with the company reporting a 15.62% revenue increase in this segment for 2024 [11]. Group 6: Future Revenue Sustainability - Despite the decline in coal demand due to renewable energy, the company anticipates sustained order growth due to the essential nature of its products in coal mining operations [12]. - The company has diversified its product offerings and services to ensure revenue growth in various segments [12]. Group 7: Financial Stability - The company reported a debt-to-asset ratio of 18.59% in 2024, below the industry average, indicating strong financial health and risk resilience [14].

Group 1: Investor Relations Activity - The company held a performance briefing on April 29, 2025, via an online platform, attended by investors [3] - Key personnel present included the Chairman, General Manager, and Financial Director [3] Group 2: Financial Performance - In 2024, the company achieved a revenue of CNY 48,345.58 million, a year-on-year increase of 9.46% [10] - Net profit reached CNY 8,691.35 million, reflecting a growth of 4.25% [10] - Total assets increased to CNY 108,137.84 million, up 30.73% year-on-year [10] - Shareholder equity rose to CNY 88,039.76 million, a significant increase of 44.97% [10] - The company's gross margin remains high, driven by the sales of high-value products [10] Group 3: Market Expansion and Product Development - The company is focusing on innovation and lean management to drive future profit growth [5] - It aims to expand into high-end markets such as high-speed rail and wind power [6] - The company has established a dedicated research center for emerging markets [6] - In 2024, revenue from maintenance services grew by 46.11%, and military product revenue increased by 30.88% [8] Group 4: Accounts Receivable and Risk Management - Accounts receivable stood at CNY 316 million, accounting for 65.42% of total revenue [8] - The company maintains a low risk of bad debts due to strict internal controls and a solid customer base [8] Group 5: Strategic Vision and Future Outlook - The company aims to become a global leader in high-end equipment core components [9] - It plans to leverage domestic coal production growth and military modernization for future opportunities [11] - The market for coal mining equipment is projected to reach CNY 179.8 billion from 2023 to 2025, with a growth rate of 10%-15% [11] - The company is committed to sustainable development and green technology [12]

Core Viewpoint - The company, Kolon New Materials, emphasizes innovation-driven development and has established strong partnerships in the coal and military industries, showcasing significant growth in revenue and profit for 2024 [3][11]. Group 1: Company Overview - Kolon New Materials has been dedicated to the rubber and plastic new materials sector for 29 years, focusing on quality to build its brand [3]. - The company has strategic collaborations with leading enterprises in the coal industry, including Shaanxi Coal Group and Shenhua Energy, which have enhanced its market coverage and product recognition [3]. Group 2: Military Industry Engagement - The company has responded to national policies by leveraging its R&D advantages in rubber and plastic materials to create a military product matrix, establishing partnerships with numerous defense enterprises and research institutions [7]. - Kolon New Materials has received various honors in the military sector, including recognition as a key supplier and advanced unit in military-related business [7]. Group 3: Financial Performance - In 2024, the company achieved a revenue of 483 million yuan, representing a year-on-year growth of 9.46%, and a net profit attributable to shareholders of 86.91 million yuan, up 4.25% [11]. - Military product revenue increased by 30.88%, and the overall gross margin improved to 41.26% [11]. - The company's earnings per share reached 1.33 yuan, with a net asset value per share of 11.13 yuan, reflecting a year-on-year increase of 17.41% [11]. Group 4: Future Development Strategy - The company plans to continue focusing on its industry, enhancing technical capabilities to become a specialized manufacturer of dual-use rubber and plastic components [11]. - Kolon New Materials aims to uphold its commitment to innovation and quality, striving for sustainable development across various sectors while creating greater returns for shareholders and society [11].

Core Viewpoint - The company aims to achieve high-quality development through innovation-driven strategies and lean management, focusing on three core product lines to enhance profitability and market competitiveness [1][2]. Group 1: Innovation and R&D - The company has established a research and innovation platform for new rubber and plastic materials, integrating internal and external R&D resources to accelerate the development of advanced materials [1]. - Increased investment in fundamental research will enhance the material system and expand the high-end product line, responding swiftly to market demands for new rubber and plastic materials [1]. Group 2: Market Expansion - The company targets high-speed rail, wind power, and military industries, establishing a dedicated R&D center for emerging markets to address the strong demand for rubber and plastic materials [2]. - Implementation of lean service management will create a comprehensive customer service system, enabling rapid response to customer feedback and development of tailored products for new market conditions [2]. Group 3: Digital Transformation - The company is exploring the application of cutting-edge digital technologies such as artificial intelligence, IoT, and blockchain to enhance operational management [2]. - A digital collaborative office platform will be established to improve internal communication and efficiency, while intelligent data analysis systems will support strategic decision-making and business optimization [2].