投资者关系活动记录表 编号：2025-01 | | □ 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 中信证券、国海证券、申万宏源证券、华创证券、银华基金、博时基金、长 | | | | | | 江证券自营、光大证券自营、西南证券自营、华泰资管、首创证券、国联证券、 中信建投基金、诺安基金、中庚基金、创金合信基金、光大保德信基金、广东正 | | | | | 参与单位及人 | 圆投资、源峰基金、上海混沌投资、华夏久盈资产、景顺长城基金、北京旭芽私 | | | | | 员 | 募基金、禾永投资、北京盛曦投资、国投创业投资、七曜投资、誉辉资本、深圳 | | | | | | 中新融创资本、日照钢铁有限公司、乐雪资本、睿胜投资、凯华投资、深圳通和 | | | | | | 投资、浦银理财、路博迈基金、上海灏象资产、共青城胜帮投资、国寿安保、上 | | | | | | 海方物私募基金、福州三鑫资产等 余 ...

Core Viewpoint - The company reported stable operations in 2024 with a slight increase in revenue but a significant decline in net profit, while showing signs of recovery in early 2025 with improved revenue and profit figures [1] Financial Performance - In 2024, the company achieved an operating revenue of 3.989 billion yuan, a year-on-year increase of 2.23%, while the net profit attributable to shareholders was 102 million yuan, a year-on-year decrease of 65.91% [1] - The first quarter of 2025 showed a strong start with operating revenue of 1.071 billion yuan, a year-on-year increase of 10.49%, and a net profit of 67.3032 million yuan, a year-on-year increase of 14.43% [1] - The company plans to distribute a cash dividend of 1.5 yuan per 10 shares, totaling 83.9151 million yuan, with a payout ratio of 82.39% for 2024 [1] Business Operations - The company faced profit declines in 2024 due to competition in the photovoltaic industry, leading to an asset impairment provision of approximately 399.248 million yuan [1] - Despite the challenges, the company reported over 10% year-on-year revenue growth in both Q4 2024 and Q1 2025, indicating a rebound in performance [1] - The company is focused on improving operational efficiency, with a reduction in sales and management expenses in 2024 [1] R&D and Product Development - The company increased its R&D investment to 196 million yuan in 2024, a year-on-year increase of 9.3%, with a higher proportion of revenue allocated to R&D [1] - A total of 49 key R&D projects were initiated, leading to new product sales revenue exceeding 540 million yuan [1] Market Position and Future Outlook - The company is a leading player in the adhesive industry in China, with growth in product sales in electronics and automotive sectors, as well as an increase in photovoltaic silicone sales [1] - The company is accelerating the progress of ongoing projects, including the completion of a 44,000-ton organic silicone sealant production facility in Hubei and a 10,000-ton lithium battery polyurethane adhesive production line expected to be operational by the end of October 2025 [1]

持续稳定经营，努力回报投资者 2024年，公司面临下游行业竞争愈发激烈、产业链价格整体下行的复杂局面，特别是国内光伏市场在规 模不断扩大的同时，面向光伏市场的产品价格波动及光伏背板业务收缩，让公司光伏业务销售收入有所 下滑，拖累整体利润。同时，由于背板下游市场需求呈断崖式下降，公司相关业务资产需要计提减值， 减值金额约人民币3992.48万元，也对公司净利润造成影响。 从单季度来看，公司业绩已触底反弹，例如2024年四季度、2025年一季度营收均保持了10%以上的同比 增长。2025年一季度，公司结束了此前连续6个季度的利润同比下滑情况，重启增长势头。 与此同时，公司优化运营效率，各项费用管控情况优于历年表现，2024年的销售费用、管理费用均同比 降低。2025年度，公司将继续把提高经营效率放在重要方面，包括通过生产工艺不断优化、生产装备数 字化升级，精准管控生产流程，降低原材料单耗，提高生产效率。 4月27日晚间，国内胶粘剂行业的领军企业回天新材（300041）(300041.SZ)披露最新财报，公司2024年 经营稳健，年报显示去年实现营业收入39.89亿元，同比增长2.23%；但受到光伏行业竞争加剧、产 ...