Core Insights - Company achieved record revenue in Q1 2025, driven by a decade-long strategy of targeting major clients, continuous technological innovation, and responsiveness to global market changes [1][9][12] Group 1: Company Performance - In Q1 2025, the company reported revenue of 5.55 billion yuan and a net profit of 460 million yuan, marking a year-on-year growth of 12.47% [9][12] - For the full year 2024, the company achieved revenue of 24.03 billion yuan, a 20.12% increase, and a net profit of 1.94 billion yuan, up 174.19% [9][12] - The average selling price of products increased by approximately 9.43% in Q1 2025, with a gross margin of 26.81% [12] Group 2: Market Position and Industry Dynamics - The global polyurethane market is projected to grow from 81.4 billion USD in 2024 to 112 billion USD by 2029, indicating strong demand for high-performance materials [4] - The polyurethane industry in China has low market concentration, with the top four companies holding only 19.3% of the market share, leading to intense competition [8] - The company has positioned itself as a leader in the polyurethane composite materials sector, leveraging technological innovation to develop differentiated products [8][9] Group 3: Client Relationships and Strategic Partnerships - The company has successfully established partnerships with major global brands such as Nike, Adidas, and Apple, enhancing its market presence [16][18] - After a decade of effort, the company became a strategic partner of Nike, which significantly boosted its market access and credibility [16][18] - The company’s sales to the U.S. market represent only 2.55% of total revenue, indicating limited exposure to potential tariff impacts [20][22] Group 4: Technological Innovation - The company has focused on developing high-performance, multifunctional, and eco-friendly products, which has allowed it to maintain a competitive edge [8][9] - Recent advancements include the introduction of over 30 new materials, such as water-based and solvent-free products, which have increased their market appeal [9][12]

证券之星消息，2025年4月30日安利股份（300218）发布公告称公司于2025年4月30日接受机构调研，国 泰海通盛开、兴全基金伍修毅参与。 具体内容如下： 问：主要及 答： 1、目前公司间接出口到美国的客户，有没有反馈受到关税影响？ 公司间接出口美国的业务，主要是公司沙发家居美线市场主要客户及体育运动、消费电子美国品牌主要 客户。 其中沙发家居美线市场主要客户销往美国的产品，基本都在中国以外的国家生产加工后再出口到美国， 该部分产品销售额占公司营收比重较小，影响有限。 体育运动品类，目前对公司可能有影响的主要是美国耐克公司。耐克是全球知名品牌、全球化公司，产 品在全球销售。其对中国主要采取"本地生产、本地销售"策略，中国生产的基本不销往美国；销往美国 的产品主要在中国以外的国家生产加工，该部分产品销售额占公司营收比重较小，影响较小。 消费电子品类，目前对公司可能有影响的主要是美国苹果公司。苹果是全球知名品牌、全球化公司，主 要在中国生产、全球销售。其销往美国的产品主要是在中国生产加工。2024年，苹果从公司的采购额占 公司营收比重不大，影响较小。 此外，目前美国对智能手机、部分电脑和笔记本等产品，予以" ...