翰博高新(301321) - 2025年12月4日投资者关系活动记录表

Group 1: Financial Performance - In Q3 2025, the company achieved a revenue of 870 million CNY, a 33.34% increase from 651 million CNY in the same period last year [2] - For the first three quarters of 2025, total revenue reached 2.424 billion CNY, up 44.06% from 1.683 billion CNY year-on-year [2] - The net profit attributable to shareholders in Q3 2025 was 17.6625 million CNY, representing a 153.33% increase [3] - The net profit after deducting non-recurring gains and losses was 7.8984 million CNY, a 120.91% increase [3] - The company’s cash flow from operating activities reached 16.8787 million CNY, a 275.24% increase from -9.6319 million CNY in the previous year [3] Group 2: Debt and Asset Management - The company’s high asset-liability ratio is primarily due to increased funding needs from business expansion [3] - Accounts receivable rose to 1.288 billion CNY, a 50.70% increase year-on-year [3] - The company plans to enhance cash flow management and optimize asset quality to gradually reduce the asset-liability ratio [3] Group 3: Strategic Investment in Wet Electronic Chemicals - The establishment of a joint venture in the wet electronic chemicals sector aligns with the company's long-term strategic development [4] - Wet electronic chemicals are core materials for semiconductor and display panel manufacturing, with higher profit margins than existing backlight module business [4] - The joint venture aims to leverage resources from professional investment institutions to mitigate investment risks and enhance project management [4] Group 4: Synergies from the Investment - The investment is expected to create significant synergies in customer channels, supply chain, and technology [5] - The company has established strong customer relationships in the display panel industry, which will facilitate market access for the new investment [5] - Existing supply chain management expertise can be applied to the wet electronic chemicals business, reducing costs and operational risks [5] - Technical experience in optical materials can complement the development of wet electronic chemicals, potentially accelerating breakthroughs in high-end products [6]