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Core Viewpoint - The company reported strong financial performance in Q1 2025, with significant year-on-year growth in revenue and net profit, driven by increased demand in the container and wind power coatings sectors [1][2]. Financial Performance - The company achieved revenue of 424 million yuan in Q1 2025, representing a year-on-year increase of 40.50%, maintaining rapid growth from a previous 31.02% increase [1]. - The net profit attributable to shareholders reached 50.14 million yuan, up 77.35% year-on-year, while the net profit excluding non-recurring items was 46.43 million yuan, reflecting a 104.93% increase [2]. - The gross profit margin improved significantly to 23.76%, an increase of 3.39 percentage points year-on-year, attributed to higher product prices and lower raw material costs [2]. Product Performance - Revenue from container coatings was 309 million yuan, up 41.39% year-on-year, while wind power coatings revenue was 114 million yuan, increasing by 47.00% [1]. - The average price per ton for container coatings was 1.62 yuan, up 4.05% quarter-on-quarter and 9.77% year-on-year, while wind power coatings averaged 3.16 yuan per ton, up 5.93% quarter-on-quarter but down 11.87% year-on-year [1]. Market Position and Future Growth - The company is positioned as a leading player in high-barrier segments of the industrial coatings industry, with strong technical advantages and a rich resource of high-quality downstream clients [2]. - The company has successfully entered the supply chain of major clients in the container and wind power sectors, with expectations for further market share growth [3]. - New business opportunities are emerging from the certification of anti-fouling paints by the Norwegian classification society, as well as the acquisition of intellectual property for solar coating technology [3]. Revenue Forecast - Projected revenues for 2025-2027 are 1.887 billion yuan, 2.091 billion yuan, and 2.377 billion yuan, with year-on-year growth rates of -11.8%, 10.8%, and 13.7% respectively [3]. - Expected net profits for the same period are 263 million yuan, 319 million yuan, and 374 million yuan, with growth rates of 24.8%, 21.3%, and 17.3% respectively [3].

与此同时，麦加芯彩今年一季度的产品综合毛利率和净利率都得以提升，综合毛利率从20.37%增加到 23.76%；净利率则从9.36%提升到11.82%，公司的单位收入盈利能力同步显著提升。 随着麦加芯彩业务应用领域的不断扩展，公司未来发展的天花板也在不断抬高。麦加芯彩此前表示，公 司将不断复制过去已经实现的在集装箱涂料领域和风电涂料领域的国产替代成功经验，不断丰富其应用 领域，提升公司核心竞争力，将公司打造为"中国工业涂料最具竞争力的平台企业"。(厉平) 分业务来看，今年一季度，麦加芯彩的集装箱涂料业务收入3.09亿元，同比增加41%；而风电涂料实现 销售收入1.14亿元，同比增幅达到47%。 4月28日晚，麦加芯彩（603062）披露2025年一季报，公司在今年一季度实现营业收入4.24亿元，较上 年同期增加40.50%；实现归母净利润5014万元，较上年同期增加77.35%；实现扣非后归母净利润4643 万元，较上年同期增加104.93%。这一亮眼成绩的取得，超出了市场预期。 同时，从公开披露的信息看，麦加芯彩所处的工业涂料领域，主要竞争对手大部分为外资跨国企业，但 公司的光伏涂层、海工涂料、储能涂料、桥梁 ...