HANGZHOU TOKA(SH:688571)2024-09-19 08:44Financial Performance - The company achieved operating revenue of 58,870.71 million RMB, a year-on-year increase of 13.74% [1] - Total profit reached 6,692.94 million RMB, reflecting a year-on-year growth of 57.28% [2] - Net profit attributable to shareholders was 5,991.24 million RMB, up 48.27% year-on-year [2] - Net profit excluding non-recurring gains and losses was 5,646.60 million RMB, increasing by 56.01% [2] Market Strategy - The company plans to adopt flexible, diversified, and differentiated market strategies to maintain steady growth in the second half of 2024 [2] - Emphasis on lean production, cost management, and product innovation to ensure stable operational quality [2] Cost Management - Management expenses increased by nearly 1,300 million RMB, a rise of approximately 50%, primarily due to the implementation of a stock incentive plan [2] - The stock payment expenses recognized in the reporting period amounted to 1,069.23 million RMB, with an estimated total impact of around 1,685 million RMB for the year [2] Product Development - The company is focusing on functional coating materials for applications in new energy, special anti-counterfeiting, decorative building materials, and electronic components [3] - The development of a new energy vehicle battery aluminum foil treatment agent is currently undergoing batch testing with downstream customers [3] Capacity Utilization - The overall capacity utilization rate has steadily improved compared to the same period last year, with specific rates to be disclosed in the annual report [3] Overseas Market Expansion - The company reported overseas revenue of 2,858.78 million RMB in the first half of 2024, a growth of 9.68% year-on-year, accounting for approximately 4.86% of total revenue [4] - The strategy for overseas market expansion includes consolidating existing channels and cultivating new ones, with potential plans for establishing production bases abroad if necessary [4]