CCEM(SZ:300655)2025-08-26 13:55Company Overview - The company is a leading domestic electronic materials enterprise focused on semiconductor and new energy applications [1] - Main products include high-purity wet electronic chemicals, photoresists, and lithium battery materials, used in various processes in semiconductor and lithium battery industries [1] Operational Achievements - Achieved significant breakthroughs against international competitors, establishing domestic technological leadership, maximum production capacity, and a leading market share [2] - High-purity hydrogen peroxide has a metal impurity content of less than 1 ppt, reaching the detection limits of advanced analytical instruments [2] - The company has built four production bases with a total capacity of nearly 300,000 tons, ensuring product quality and cost advantages [2] - High-purity hydrogen peroxide has become the largest domestic supplier with a market share exceeding 40% [2] Financial Performance - Revenue increased by 10.68% to approximately 768 million CNY, with net profit reaching 69.75 million CNY, a year-on-year increase of 1,501.66% [3] - Operating cash flow improved by 44.48%, indicating healthy cash flow [3] Product-Specific Insights - Photoresist revenue for the first half of 2025 reached 105.87 million CNY, a year-on-year growth of 12.36% [4] - High-purity hydrogen peroxide sales volume increased by over 55% in the first half of 2025 [7] - High-purity ammonia, sulfuric acid, and nitric acid sales volumes grew by 8.45%, 86.20%, and 48.44% respectively [8] Market Competition - Competition in the high-purity chemical sector has intensified, but the company maintains a strong position due to its established production capacity and product quality [7] - The company began capacity expansion for high-purity hydrogen peroxide 3-5 years ago, solidifying its market leadership [7] Future Outlook - The company plans to assess market conditions and customer needs before deciding on further capacity expansions [9] - The restructuring project for Hubei Jingrui is in progress, with the project draft submitted to the Shenzhen Stock Exchange [10]