江西志特新材料股份有限公司 投资者关系活动记录表 编号：投2025—009 | | □特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系活 | □媒体采访 | □业绩说明会 | | 动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | 其他（线上交流会） | | 参与单位名称 | 平安基金、国泰基金、银河基金、国泰人寿资管、创金合信基金、华夏久盈资 | | | 及人员姓名 | 管、东方睿石投资、敦和资管、麦盛资管、途灵资管、长江证券、广发证券 | | | 时间 | 2025年10月30日 | | | 地点 | 线上会议 | | | 上市公司接待 | 董事会秘书：黄萍 | | | 人员姓名 | | | | | 一、公司三季度的经营情况如何？ | | | | 公司2025年前三季度实现营业收入20.23亿元，同比增长12.09%；归属于 | | | | 上市公司股东的净利润为1.18亿元，同比大增98.65%，扣非后归母净利润9,345 | | | | 万元，同比增长181.98%；经营活动产生的现金流量净额达1.4亿元，同比激增 | | | | 7907 ...

Summary of Zhite New Materials Conference Call Company Overview - Zhite New Materials is actively positioning itself in quantum technology to empower AI for Science, focusing on new material research with applications across various sectors including chemicals, energy, automotive, construction materials, and pharmaceuticals. The market size is expected to reach hundreds of billions or even trillions of dollars [2][4][19]. Core Business Performance - In Q1 2025, the company reported revenue of 560 million yuan, a year-on-year increase of 24%, with a profit of approximately 25 million yuan, reversing a loss of 40 million yuan from the previous year. The profit for Q2 2025 is expected to be between 40 million to 50 million yuan, with an annual profit forecast nearing 200 million yuan, representing over 100% year-on-year growth [2][7][26]. - The company’s aluminum template business is positioned at the forefront of construction engineering, with potential for performance and valuation recovery if the real estate market shows signs of improvement [2][9]. New Business Development - The new business primarily involves quantum technology-enabled AI for science, which allows for molecular-level calculations to design materials. This method offers greater flexibility and potential compared to traditional material development methods [4][17]. - The company has set ambitious overseas revenue targets of 5 billion yuan in 2024 and 1.5 billion yuan in 2026, with strategic partnerships established in the Middle East to build production bases [4][23]. Market Position and Valuation - Zhite New Materials has a market capitalization of 5.2 billion yuan, with a projected PE ratio of 26 for 2025 and 17 for 2026, indicating that the company is undervalued given its growth potential [3][19]. - The company is considered rare in the domestic market for its focus on AI for Materials, particularly using quantum computing, with no direct competitors in the A-share market [6][19]. Industry Challenges and Outlook - The construction materials industry is facing challenges due to a downturn in real estate and infrastructure, but 2025 is anticipated to be a turning point for recovery, particularly for the aluminum template business in first and second-tier cities [21][24]. - The company has been expanding its overseas projects since 2014, and with the recent focus on international markets, it expects significant growth in overseas revenue [22][23]. Future Expectations - The company is optimistic about its future performance, with aggressive profit targets of 200 million yuan for 2025 and 300 million yuan for 2026, reflecting strong confidence despite current market pressures [26][28]. - The integration of AI for Science with quantum computing is seen as a critical direction for future research, with significant potential for innovation and market impact [14][17]. Additional Insights - Recent stock price adjustments were attributed to market factors and concerns over equity dilution, but these do not fundamentally alter the company's growth trajectory [10][29]. - The company has successfully developed a super-insulating material, significantly reducing the research and development cycle from ten years to under one year, showcasing the effectiveness of its new business model [18][27].