Financial Performance - The company achieved a revenue of 865 million yuan in 2024, representing a year-on-year growth of 34.30% [2] - The net profit for 2024 was 176 million yuan, with a year-on-year increase of 26.01% [2] - From 2019 to 2024, the company has maintained a compound annual growth rate (CAGR) of approximately 25% in both revenue and net profit [2] Market Segments - Revenue from the automotive, communications electronics, rail transit, and engineering machinery sectors has continued to grow in 2024 [3] - The first major customer contributed sales of 154,242,728.25 yuan, accounting for 17.84% of the annual sales total [3] - Sales revenue from the U.S. region in 2024 was 50,918,781.73 yuan, representing 5.91% of the main business income [4] Competitive Landscape - The industry is characterized by a fragmented competitive landscape with numerous players, including multinational corporations and domestic leaders [4] - The company faces competition primarily from technologically advanced multinational companies and leading domestic firms [4] Barriers to Entry - The company has established significant technical and process barriers due to its expertise in polymer modified protective materials [5] - Certification barriers exist as the company has passed stringent supplier audits, allowing access to high-quality clients [5] - Scale barriers are evident as the company has a diverse product range and a strong technical foundation [5] Production Capacity - The company operates major production bases in Dongguan, Jiangmen, and Suzhou, with a total operational area of approximately 115,000 square meters [6][7] - Additional smaller production bases are located in Shenzhen, Wuhan, Chongqing, and Mexico [7] Future Outlook - The company is exploring applications in emerging fields such as low-altitude economy and humanoid robots, although these areas are not expected to significantly impact current operations [6] - The company is actively seeking to expand its market share and product applications [7]
骏鼎达(301538) - 骏鼎达：投资者关系活动记录表（2025年6月11日）