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星华新材(301077) - 2025年04月23日投资者关系活动记录表

Financial Performance - In 2024, the company achieved a revenue of 792 million RMB, an increase of 13.59% year-on-year [2] - The net profit attributable to shareholders was 148 million RMB, up 51.93% year-on-year [2] - The net profit after deducting non-recurring gains and losses was 140 million RMB, reflecting a growth of 52.99% [2] - The overall gross margin for 2024 was 31.50%, an increase of 5.29% compared to the previous year [2] Market and Sales - The company’s foreign sales revenue reached 159 million RMB, accounting for 20.06% of total revenue [3] - Key export markets include India, Bangladesh, Pakistan, Europe, the USA, Mexico, South Africa, Southeast Asia, and Australia [3] - The outdoor sports market is projected to grow from 215.6 billion USD in 2023 to 236.3 billion USD by 2025, with a compound annual growth rate of approximately 5% [4] Product Development and Innovation - The company has developed various reflective fabric products, including printed reflective fabric, colorful reflective fabric, and night-glow fabric [4] - The company emphasizes R&D and has been recognized for its innovative reflective materials, winning awards such as the ISPO Functional Textile Trend Award [4] - The company’s production capacity includes 12.42 million square meters of reflective materials and 3 million reflective garments [3] Competitive Advantages - The company’s core competitive advantages include strong R&D capabilities, comprehensive product range, and leading technology in the reflective fabric industry [3] - The company has established long-term, stable customer relationships and maintains a leading position in the reflective fabric market [3] Future Outlook - The demand for reflective materials is expected to grow due to increased safety awareness in outdoor activities and the expansion of the personal safety and security market [8] - The company aims to become a pioneer in expanding reflective materials into consumer fabric markets, focusing on sustainability and innovation [8] Shareholder Returns - The company has maintained a stable cash dividend policy, with cumulative cash dividends expected to reach approximately 401 million RMB over four years [7] - In 2024, the proposed cash dividend is 8 RMB per 10 shares, with a capital reserve conversion of 4.6 shares for every 10 shares held [7]