Investment Rating - The report maintains a "Strong Buy" investment rating for the company [2][7]. Core Insights - The company is expected to achieve a net profit attributable to shareholders of between 42.36 million and 45.89 million yuan in Q1 2025, representing a year-on-year growth of 20% to 30% [1][6]. - The growth in the company's main business is strong, with record sales in elastomers and modified plastics, driven by policies promoting the replacement of old consumer products in the automotive, home appliance, and electronics sectors [6]. - The TPV (Thermoplastic Vulcanizate) business is anticipated to accelerate, benefiting from tariff increases on imports from the U.S., which enhances the company's competitive position [6]. - The company is strategically developing new production capabilities and advancing R&D in cutting-edge technologies like DVA (Dynamic Vapor Absorption), which could significantly expand its growth potential [6][7]. Financial Performance - The company forecasts revenues of 6.13 billion yuan in 2025, with a year-on-year growth rate of 16% [8][11]. - The projected net profit for 2025 is 205 million yuan, reflecting a 46% increase compared to the previous year [8][11]. - The company’s financial ratios indicate a stable growth trajectory, with an expected PE ratio of 29.8 in 2025 [11]. Market Position - The company is a leading player in the TPV industry in China, with ongoing capacity expansion and a focus on high-margin products [6][7]. - The DVA product, which is set to replace butyl rubber in tires, has a potential domestic market size exceeding 20 billion yuan, indicating significant growth opportunities [6][7].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002838 证券简称：道恩股份 公告编号：2025-046 债券代码：128117 债券简称：道恩转债 山东道恩高分子材料股份有限公司 2025年第一季度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 ■ 备注：截至2025年3月31日总股本为455,055,006股。 二、与会计师事务所沟通情况 本次业绩预告未经会计师事务所审计。 三、业绩变动原因说明 2025年第一季度，受汽车、家电、电子等消费产品以旧换新政策加码发力，新能源汽车、家电、电子行 业保持强劲的增长势能。公司作为高性能热塑性弹性体TPV行业领军企业，在弹性体、改性塑料产品和 应用领域加大新品的研发和销售力度，销量创同期历史新高。此外，公司依托弹性体（动态硫化、酯化 合成、氢化反应）研发平台持续研发新一代轮胎气体阻隔层材料DVA、人形机器人仿真皮肤等前沿技 术，战略布局新质生产力，助力公司高质量发展，进一步巩固了中国热塑性弹性体的领先地位，实现归 属于上市公司股东的净利润4,236.44万元一4,589 ...