Group 1: Business Performance - The company achieved a profit exceeding 20 million yuan in Q1 2025, laying a solid foundation for growth [2] - Domestic business shows positive improvement with high capacity utilization, attributed to industry consolidation and reduced competition [2][3] - New orders in overseas markets have significantly increased, although revenue recognition may be slightly delayed due to project execution cycles [2] Group 2: Strategic Goals and Market Focus - The company aims for 1 billion yuan in overseas revenue, with aluminum formwork expected to account for 70% and diversified products for 30% [2][3] - Focus on high-value business expansion in strategic regions like the Greater Bay Area and Yangtze River Delta, while optimizing customer structure and risk management [3] Group 3: Industry Competition and Market Dynamics - The domestic aluminum formwork industry is undergoing accelerated consolidation, with fewer than 200 companies remaining as of 2024 [4] - The shift in competition focus from scale expansion to technology barriers and service efficiency is expected to create a healthier competitive ecosystem [4] Group 4: Overseas Business Growth - Since initiating a globalization strategy in 2014, the company has scaled its overseas business from millions to billions, establishing a comprehensive operational system [5] - The company leverages domestic cost advantages and a dedicated technical team to enhance customer loyalty and service efficiency [5] Group 5: New Product Development - The new fire-resistant thermal insulation material utilizes advanced ceramic high-temperature forging technology, achieving superior performance at lower costs [6] - The product is in the commercialization phase, with ongoing optimization of performance and cost through practical applications [6] Group 6: Market Expansion Strategy - The new insulation material targets the real estate and property sectors in China, starting from South China and expanding nationwide [7] - Plans to utilize existing sales channels in Southeast Asia and the Middle East for overseas market penetration [7][8] Group 7: Market Potential - The market for thermal insulation materials is expected to grow significantly, with low current penetration rates for aerogel products [8] - The new insulation material's consumable nature and alignment with existing customer bases enhance its market potential [8]

同比增长7.21%；境外收入5.2亿元，同比增长41.85%。感谢您的关注。 3、2024年公司实现盈利了，请问什么时候分红？ 尊敬的投资者，您好！公司经董事会审议通过的利润分配预案为：以未来实 施权益分派股权登记日的公司总股本剔除公司回购专户股数为基数，向全体股东 每10股派发现金红利1元（含税），送红股0股（含税），以资本公积金向全体股 东每10股转增4股。公司将在获得股东大会审批后，严格按照各项监管流程尽快实 施。感谢您的关注。 江西志特新材料股份有限公司 投资者关系活动记录表 编号：投2025—005 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关 系活动类 | 媒体采访 ☑业绩说明会 | | 别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与单位 | 投资者网上提问 | | 名称及人 | | | 员姓名 | | | 时间 | 2025年5月12日 | | 地点 | 公司通过中国证券报·中证网"中证路演中心" | | | （https://www.cs.com.cn/roadshow/）采用网络远程的方式召开业绩说明会 | | 上市公司 ...

丨证券研究报告丨 联合研究丨公司点评丨志特新材（300986.SZ） [Table_Title] 收入双位数增长，毛利与费用改善明显 报告要点 [Table_Summary] 公司 2025 年一季度实现营业收入 5.56 亿元，同比增长 23.65%；归属净利润 0.25 亿元，同比 转正；扣非后归属净利润 0.21 亿元，同比转正。 %% %% research.95579.com 1 分析师及联系人 [Table_Author] 范超 张弛 张智杰 袁志芃 龚子逸 SAC：S0490513080001 SAC：S0490520080022 SAC：S0490522060005 SFC：BQK473 SFC：BUT917 请阅读最后评级说明和重要声明 %% %% 志特新材（300986.SZ） cjzqdt11111 [Table_Title2] 收入双位数增长，毛利与费用改善明显 [Table_Summary2] 事件描述 公司 2025 年一季度实现营业收入 5.56 亿元，同比增长 23.65%；归属净利润 0.25 亿元，同比 转正；扣非后归属净利润 0.21 亿元，同比转正。 事件评论 风险提示 ...

志特新材 20250429 摘要 • 志特新材 2025 年一季度营收同比增长 30%，经营性现金流入达 1.16 亿 元，同比增 200%，毛利率提升至 28%。海外业务快速放量是主要驱动力， 海外订单签单量同比翻倍，并在新市场取得突破。 • 国内铝模板市场需求虽未全面复苏，但志特新材订单情况良好。客户结构 调整，转向付款能力强的民营客户，并积极拓展基建、市政等公建项目， 占比逐步增大。 • 南山铝业受前期扩张影响，发展速度放缓，价格趋于稳定。其客户结构中， 国央企占比约 60%，民营客户占比剩余部分，公建项目约占总产能的 10%-15%。 • 志特新材海外市场主要集中在东南亚（40%-45%）、港澳台（约 30%） 和中东（25%-30%）。本土化策略是重点，通过与当地伙伴建立实体公 司，降低政策风险。 • 海外项目利润率因市场竞争程度而异，早期市场利润率较高，但整体盈利 能力高于国内。台湾和中东地区项目利润率相对较高。 • 2024 年四季度，公司调整铝模板折旧方法和残值率，旨在更真实反映经 营情况。会计估计调整的影响将逐步消退，预计 2026 年影响不显著。 • 公司积极布局 AI 和量子计算领域，与 ...