| 告摘要 | | | | | | --- | --- | --- | --- | --- | | 证券代码：300848 证券简称：美瑞新材 | | | | 公告编号： | | 2025-064 | | | | | | 年半年度报告摘要 | 美瑞新材料股份有限公司 2025 | | | | | 一、重要提示 | | | | | | 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 | | | | | | 资者应当到证监 | | | | | | 会指定媒体仔细阅读半年度报告全文。 | | | | | | 所有董事均已出席了审议本报告的董事会会议。 | | | | | | 非标准审计意见提示 | | | | | | □适用 ?不适用 | | | | | | 董事会审议的报告期利润分配预案或公积金转增股本预案 | | | | | | □适用 ?不适用 | | | | | | 公司计划不派发现金红利，不送红股，不以公积金转增股本。 | | | | | | 董事会决议通过的本报告期优先股利润分配预案 | | | | | | □适用 ?不适用 | | | | | | 二、公司基 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company is expected to see a resurgence in profits due to the anticipated volume increase of new IC and smart terminal products [1] - The company reported a revenue of 1.17 billion yuan in 2024, a year-on-year increase of 25.2%, while the net profit attributable to the parent company was 97 million yuan, a decline of 5.4% [7] - In Q1 2025, the company achieved a revenue of 316 million yuan, representing a year-on-year growth of 55.7%, and a net profit of 27 million yuan, up 96.9% year-on-year [7] - The company has made significant breakthroughs in the research and development of integrated circuit packaging materials, with new products expected to drive growth in the advanced packaging sector [7] - The smart terminal packaging materials segment is experiencing rapid revenue growth, benefiting from new product developments and the expansion of consumer electronics applications [7] - The company has adjusted its profit forecasts for 2025 downwards due to unexpected declines in average prices of new energy application materials, while increasing forecasts for 2026 and 2027 [7] Financial Data and Profit Forecast - The total revenue forecast for 2025 is 1.447 billion yuan, with a year-on-year growth rate of 24.1% [6] - The net profit attributable to the parent company is projected to be 161 million yuan in 2025, reflecting a year-on-year growth of 65.1% [6] - The company’s gross margin is expected to improve from 27.5% in 2024 to 29.4% in 2025 [6] - The return on equity (ROE) is projected to increase from 4.2% in 2024 to 6.6% in 2025 [6]