2025 年第二季度主要经营数据公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 | 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 三、主要原材料的价格变动情况（不含税） | 主要产品 | 单位 | 年 2025 平均进价 | 4-6 | 月 | 年 2024 平均进价 | 月 4-6 | 变动比例（%） | | --- | --- | --- | --- | --- | --- | --- | --- | | 聚酯切片 | 元/吨 | | 5,370.72 | | | 6,552.63 | -18.04 | | 甲醇-工业级 | 元/吨 | | 2,107.42 | | | 2,214.33 | -4.83 | | PTA | 元/吨 | | 4,320.26 | | | 5,397.72 | -19.96 | | 苯酚-工业级 | 元/吨 | | 6,174. ...

截至3月31日，东材科技股东户数3.58万，人均流通股2.5万股。 8月22日，东材科技盘中9.99%涨停，截至13:12，报19.12元/股，成交13.1亿元，换手率7.8%，总市值 173.25亿元。 2025年1月-3月，东材科技实现营业收入11.34亿元，同比增长23.23%；归属净利润9187.73万元，同比增 长81.16%。 资料显示，四川东材科技集团股份有限公司位于绵阳市经济技术开发区洪恩东路68号，公司是一家专注 于新材料研发、制造和销售的科技型上市公司，主要产品包括光学膜材料、环保阻燃材料和先进电子材 料等，服务于多个领域，产品远销50多个国家和地区。公司依托国家认定企业技术中心等创新平台和高 素质的研发团队，致力于通过创新系统化、技术关联化、产品多元化和服务专业化，打造成为世界知名 的创新型新材料生产服务商。 ...

2025年1月-3月，东材科技实现营业收入11.34亿元，同比增长23.23%；归属净利润9187.73万元，同比增 长81.16%。 截至3月31日，东材科技股东户数3.58万，人均流通股2.5万股。 8月15日，东材科技盘中上涨5.72%，截至09:41，报18.47元/股，成交3.54亿元，换手率2.17%，总市值 167.36亿元。 资料显示，四川东材科技集团股份有限公司位于绵阳市经济技术开发区洪恩东路68号，公司是一家专注 于新材料研发、制造和销售的科技型上市公司，主要产品包括光学膜材料、环保阻燃材料和先进电子材 料等，服务于多个领域，产品远销50多个国家和地区。公司依托国家认定企业技术中心等创新平台和高 素质的研发团队，致力于通过创新系统化、技术关联化、产品多元化和服务专业化，打造成为世界知名 的创新型新材料生产服务商。 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [6][4]. Core Views - The company achieved a revenue of 4.47 billion yuan in 2024, representing a year-on-year increase of 19.6%, while the net profit attributable to shareholders was 181 million yuan, a decrease of 44.54% [1][2]. - In Q1 2025, the company reported a revenue of 1.13 billion yuan, up 23.23% year-on-year but down 7.37% quarter-on-quarter, with a net profit of 92 million yuan, reflecting an 81.16% increase year-on-year [1][2]. - The decline in 2024's net profit was primarily due to prolonged losses in the sales prices of epoxy resin and photovoltaic backplane films, alongside increased market penetration of dual-glass components [2]. - The company is expanding its production capacity across multiple bases, with significant projects expected to come online in late 2025 and early 2026 [3]. Summary by Sections Financial Performance - The company’s revenue for 2024 was 4.47 billion yuan, with a growth rate of 19.6%. The net profit for the same year was 181 million yuan, down 44.54% [5][4]. - For Q1 2025, the revenue was 1.13 billion yuan, showing a year-on-year increase of 23.23% and a quarter-on-quarter decrease of 7.37%. The net profit was 92 million yuan, up 81.16% year-on-year [1][2]. Capacity Expansion - The company has a strong multi-base layout with ongoing capacity construction, including projects in Mianyang, Chengdu, Jiangsu, and Shandong, expected to be operational between late 2025 and early 2026 [3]. Profitability Forecast - The profit forecast for 2025-2027 has been adjusted downwards, with expected net profits of 416 million yuan, 509 million yuan, and 612 million yuan respectively [4][5]. - The company is focusing on high-value products such as high-voltage electrical polypropylene films and ultra-thin electronic polypropylene films, which are expected to enhance brand competitiveness and overall profitability [2].

Investment Rating - The report maintains an "Outperform" rating for the company [2][6] Core Views - The company reported a revenue of 4.47 billion yuan for 2024, a year-on-year increase of 20%, but a net profit of 181 million yuan, down 45% year-on-year [6] - The first quarter of 2025 shows a revenue of 1.13 billion yuan, up 23% year-on-year, and a net profit of 92 million yuan, up 81% year-on-year, indicating a performance turnaround [6] - The company is focusing on expanding its high-frequency and high-speed resin production to capture industry opportunities, with a projected investment of 700 million yuan for new production lines [6] Financial Data Summary - For 2024, the total revenue is projected at 4.47 billion yuan, with a net profit of 181 million yuan, and an expected growth in revenue to 5.07 billion yuan in 2025 [8] - The gross profit margin for 2024 is 13.9%, with a forecasted increase to 19.1% by 2025 [6][8] - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling approximately 89 million yuan, which represents 87.77% of the annual net profit [6] Segment Performance - The electronic materials segment achieved a revenue of 1.12 billion yuan in Q1 2025, a 129% increase year-on-year, driven by demand for high-speed electronic resins [6] - The optical film materials segment reported a revenue of 3.00 billion yuan in Q1 2025, a 43% increase year-on-year, with expectations for gradual improvement in product pricing and gross margins [6] - The new energy materials segment saw a revenue of 3.09 billion yuan in Q1 2025, but faced challenges due to declining demand for photovoltaic backsheet films [6]