Core Viewpoint - Jingrui Electronic Materials Co., Ltd. has demonstrated strong performance in the first half of 2025, focusing on semiconductor and new energy applications, with significant growth in revenue and net profit [1][2]. Group 1: Company Overview - Jingrui Electronic Materials is a leading domestic electronic materials company, specializing in high-purity wet electronic chemicals, photoresists, and lithium battery materials [1]. - The company aims to achieve technological leadership, maximum production capacity, and a leading market share in the high-purity wet electronic chemicals sector [1]. Group 2: Financial Performance - The company's revenue for the first half of 2025 reached approximately 768 million yuan, a year-on-year increase of 10.68% [2]. - Net profit attributable to shareholders was 69.75 million yuan, reflecting a remarkable year-on-year growth of 1501.66% [2]. - The net profit after deducting non-recurring gains and losses was 32.69 million yuan, up 1434.73% year-on-year [2]. - Operating cash flow net amount was 172.98 million yuan, showing a year-on-year increase of 44.48% [2]. Group 3: Product Performance - Revenue from photoresist products in the first half of 2025 was 105.87 million yuan, with a year-on-year growth of 12.36% [3]. - Sales volume of positive photoresists grew over 12%, with sales revenue increasing by over 18% [3]. - High-purity hydrogen peroxide achieved a market share exceeding 40%, with a year-on-year shipment increase of over 55% [3]. Group 4: Market Position and Competition - The company has established four production bases, achieving nearly 300,000 tons of domestic maximum capacity and integrated production [1]. - Despite increased competition from domestic peers in high-purity chemicals, the company maintains a significant advantage in high-purity hydrogen peroxide with metal impurity content below 1 ppt [3]. Group 5: Future Outlook - The company is assessing future production expansion based on market conditions, customer needs, and strategic considerations [3]. - The progress of the restructuring project for Hubei Jingrui has been reported to the Shenzhen Stock Exchange, with further updates expected [3].

Company Overview - The company is a leading domestic electronic materials enterprise focused on semiconductor and new energy applications [1] - Main products include high-purity wet electronic chemicals, photoresists, and lithium battery materials, used in various processes in semiconductor and lithium battery industries [1] Operational Achievements - Achieved significant breakthroughs against international competitors, establishing domestic technological leadership, maximum production capacity, and a leading market share [2] - High-purity hydrogen peroxide has a metal impurity content of less than 1 ppt, reaching the detection limits of advanced analytical instruments [2] - The company has built four production bases with a total capacity of nearly 300,000 tons, ensuring product quality and cost advantages [2] - High-purity hydrogen peroxide has become the largest domestic supplier with a market share exceeding 40% [2] Financial Performance - Revenue increased by 10.68% to approximately 768 million CNY, with net profit reaching 69.75 million CNY, a year-on-year increase of 1,501.66% [3] - Operating cash flow improved by 44.48%, indicating healthy cash flow [3] Product-Specific Insights - Photoresist revenue for the first half of 2025 reached 105.87 million CNY, a year-on-year growth of 12.36% [4] - High-purity hydrogen peroxide sales volume increased by over 55% in the first half of 2025 [7] - High-purity ammonia, sulfuric acid, and nitric acid sales volumes grew by 8.45%, 86.20%, and 48.44% respectively [8] Market Competition - Competition in the high-purity chemical sector has intensified, but the company maintains a strong position due to its established production capacity and product quality [7] - The company began capacity expansion for high-purity hydrogen peroxide 3-5 years ago, solidifying its market leadership [7] Future Outlook - The company plans to assess market conditions and customer needs before deciding on further capacity expansions [9] - The restructuring project for Hubei Jingrui is in progress, with the project draft submitted to the Shenzhen Stock Exchange [10]