中石科技(300684) - 2025年11月4日投资者关系活动记录表

Company Overview - The company is a global leader in functional polymer materials and thermal management solutions, focusing on core materials and components to meet high-growth industry demands [2][3] - It emphasizes technology research and development, with a strong capacity for large-scale delivery of comprehensive reliability solutions for electronic devices [2][3] Product and Market Focus - Main products include high thermal conductivity graphite products, thermal interface materials, heat pipes, and EMI shielding materials, widely used in consumer electronics, digital infrastructure, smart transportation, and clean energy sectors [3] - The company has established production bases in Wuxi, Yixing, and Thailand, and R&D centers in Beijing, Shanghai, and the USA, catering to global clients [3] Financial Performance - In the first three quarters of 2025, the company achieved revenue of CNY 1.298 billion, a year-on-year increase of 18.45% [4] - Net profit attributable to shareholders reached CNY 252 million, up 90.59%, with a non-recurring net profit of CNY 236 million, reflecting a growth of 142.37% [4] Profitability and Efficiency - The gross profit margin for the first three quarters of 2025 was 33.92%, an increase of 3.16 percentage points year-on-year, driven by product structure optimization and increased core product sales [5] - The company is focusing on high-quality growth sectors and implementing lean production and process improvements to enhance efficiency [5] Capacity and Production - Current capacity utilization is high, with new production lines focusing on high thermal conductivity graphite products and thermal interface materials for emerging consumer electronics and digital infrastructure [6] - The company maintains a leading position in synthetic graphite materials within the consumer electronics sector, expanding applications from smartphones to tablets and laptops [7] Innovation and Development - The company has developed foldable flexible graphite components for foldable smartphones, achieving global patent certification [8] - It is accelerating the market application of VC modules in high-speed optical modules, having gained product certification from leading optical communication companies [9] New Business Ventures - Liquid cooling solutions for servers represent a significant new business direction, with ongoing investments in product development and customer acquisition [10] - The company has established an overseas production base in Thailand, which is operational and has completed certification for major clients [12] Future Growth Potential - The demand for thermal materials is expected to increase with the development of AI terminals, alongside new project launches and market share growth [12] - The company is actively pursuing new thermal solutions and core materials for computing equipment, aiming to create new growth curves in the optical module and server sectors [12]