二是产品结构优化与产业链协同。永和股份通过优化邵武永和等生产基地的产线运行效率，提升六氟丙 烯等产品的优等品率与产销规模，推动邵武永和从"产能建设"向"效益释放"阶段转型。同时，依托全产 业链布局，公司通过精益内部管理、强化成本控制等方式进一步拓宽盈利空间，推动公司运营效率持续 提升。 对于业绩大幅预增的原因，永和股份表示，一是制冷剂行业高景气度延续。受益于供给侧配额政策与下 游需求稳步增长，制冷剂行业整体维持高景气度。一方面，第二代氟制冷剂生产配额持续缩减，第三代 氟制冷剂继续实行生产配额管理，行业供给端约束强化，推动供需结构进一步优化。另一方面，下游空 调、冷链等领域需求稳步增长，共同支撑制冷剂产品价格持续上行，毛利率稳步提升。 中化新网讯 近日，永和股份发布前三季度业绩预增公告，前三季度预计实现归母净利润4.56亿～4.76亿 元，同比增长211.59%～225.25%。其中，第三季度预计实现归母净利润1.85亿～2.05亿元，同比增长 447.64%～506.85%，环比增长6.34%～17.83%。 ...

Core Viewpoint - The company reported a revenue of 4.61 billion yuan for 2024, with a year-on-year increase of 5.2%, and a net profit attributable to shareholders of 250 million yuan, reflecting a year-on-year increase of 36.8% [1] Financial Performance - In 2024, the company achieved a revenue of 4.61 billion yuan, with a net profit of 250 million yuan, and a non-recurring net profit also at 250 million yuan, showing significant year-on-year growth of 36.8% and 117.8% respectively [1] - For Q1 2025, the company reported a revenue of 1.14 billion yuan, a year-on-year increase of 12.4%, but a quarter-on-quarter decrease of 7.3%. The net profit for this quarter was 100 million yuan, marking a year-on-year increase of 161.7% [1] - The total cash dividend for 2024 was 120 million yuan, which accounted for 46.7% of the net profit attributable to shareholders [1] Business Segment Analysis - The fluoropolymer business faced challenges in 2024, generating a revenue of 1.58 billion yuan, a year-on-year increase of 17.4%, but with a gross margin of 15.8%, down by 8.1 percentage points. The average selling price was 41,000 yuan/ton, down 16.5% year-on-year [2] - The refrigerant business showed positive trends, with revenue from fluorocarbon chemicals reaching 2.45 billion yuan, a year-on-year increase of 3.8%, and a gross margin of 20.4%, up by 12.6 percentage points [2] - In Q1 2025, the gross margin for the fluoropolymer materials improved to 23.4%, with a net margin of 8.6%. The average price for fluoropolymer materials was 41,000 yuan/ton, showing a slight year-on-year decrease of 2.1% but a quarter-on-quarter increase of 3.9% [3] Market Outlook - The demand for refrigerants is expected to rise, with projected increases in air conditioning production of 9.1%, 13.0%, and 15.9% year-on-year for the months of April to June [4] - The long-term pricing for refrigerants is also on the rise, with significant increases noted in the second quarter for various refrigerants, indicating a tightening supply-demand balance [4] - The company anticipates a gradual recovery in profitability, with projected net profits for 2025, 2026, and 2027 estimated at 670 million, 920 million, and 1.21 billion yuan respectively [4]