Miracll(300848)2025-04-22 14:13Group 1: Financial Performance - In 2024, the company achieved a revenue of CNY 1.658 billion, a year-on-year increase of 12.42% [3] - The net profit attributable to shareholders for 2024 was CNY 77.5885 million, a year-on-year decrease of 11.70% [3] - In Q1 2025, the company reported a revenue of CNY 388 million, remaining stable compared to the same period last year [3] - The net profit attributable to shareholders in Q1 2025 was CNY 18.1368 million, a year-on-year increase of 47.12% [3] - The net profit excluding non-recurring items for Q1 2025 was CNY 18.048 million, a year-on-year increase of 75.04% [3] Group 2: Product Development and Market Strategy - The company has developed and promoted high-performance polyurethane new materials, resulting in a sales volume increase of 24.72% in 2024 [3] - The company is focusing on optimizing the sales structure of its polyurethane products, with a higher proportion of specialty products contributing to improved profit margins [4] - The company plans to quickly enter markets for short verification cycle fields such as adhesives and coatings, while preparing for longer verification cycles with larger manufacturers [5] - The company is advancing the construction of two projects: a TPU project with an annual capacity of 10,000 tons and a water-based polyurethane project with an annual capacity of 30,000 tons, both expected to be completed by late 2025 or early 2026 [6][7] Group 3: Supply Chain and Cost Management - The company has optimized its supply chain structure, leading to reduced raw material procurement costs and improved product profitability [4] - The company’s export business to the U.S. accounts for less than 1% of total revenue, indicating limited direct impact from U.S. tariff policies [5] Group 4: Future Outlook and Strategic Initiatives - The company aims to enhance its competitive advantage through R&D innovation, focusing on functional chemical raw materials and polyurethane new materials [8] - The company is committed to expanding emerging application scenarios and improving service capabilities to mitigate risks from market fluctuations [9] - The company plans to utilize a simplified procedure for issuing stocks, with a maximum fundraising limit of CNY 300 million, not exceeding 20% of the net assets at the end of the previous year [9]