仁信新材(301395) - 2025年5月13日投资者关系活动记录表

Industry Overview - The polystyrene industry in China continues to experience rapid growth, driven by expanding downstream market demand and increasing competition from new entrants [2] - The overall consumption scale of the polystyrene industry is expected to maintain a growth trend due to stable growth in traditional application areas and emerging demand fields [3] Financial Performance - In 2024, the company achieved a revenue of CNY 2.209 billion and a net profit of CNY 53.24 million [9] - In Q1 2025, the company reported a revenue of CNY 538 million, a year-on-year increase of 20.46%, with a net profit of CNY 21.61 million, and a significant increase of 532.49% in net profit after deducting non-recurring gains and losses [11] Accounts Receivable Management - The company's accounts receivable increased by 79.47% year-on-year in Q1, attributed to extended credit terms for long-term, quality-assured clients [3] Production Capacity and Projects - The company currently has an annual production capacity of 300,000 tons of polystyrene, ranking second in South China [12] - With the completion of the third-phase project in 2025, the total production capacity will reach 480,000 tons, positioning the company as the leading polystyrene producer in South China and second nationwide [12] Research and Development - As of the end of 2024, the company has obtained 13 core product formulas, including 2 invention patents and 9 utility model patents, establishing itself as a specialized producer in the industry [7] Market Strategy - The company aims to enhance its market competitiveness by expanding its product range and developing new applications, particularly in emerging fields such as electronics, new energy vehicles, and medical devices [8] - The company is committed to maintaining strong communication with the capital market to present its true value [6] Share Buyback - As of April 30, 2025, the company has repurchased 3,075,808 shares, accounting for 1.516% of the total share capital, with a total transaction amount of CNY 35.15 million [13]