KINGFA(600143) 新浪财经·2025-04-25 06:29Group 1 - The company achieved a revenue of 60.51 billion yuan in 2024, representing a year-on-year increase of 26.2%, and a net profit attributable to shareholders of 0.82 billion yuan, up 160.4% year-on-year [1] - In Q1 2025, the company reported a revenue of 15.67 billion yuan, a year-on-year increase of 49.1%, and a net profit of 0.25 billion yuan, which is a 138.2% increase year-on-year [1] - The gross margin for Q1 2025 was 12.1%, improving by 2.6 percentage points quarter-on-quarter, indicating a gradual recovery in overall profitability, primarily driven by improvements in the green petrochemical segment [1] Group 2 - The modified plastics business saw steady expansion, with sales of 2.5515 million tons in 2024, a year-on-year growth of 20.8%, and Q1 2025 sales of 604,400 tons, up 25.3% year-on-year [2] - The company’s new factory in Vietnam is set to enhance global business growth, with overseas finished product sales reaching 233,500 tons in 2024, accounting for approximately 9% of total sales, and a year-on-year increase of 29.51% [2] - Plans for 2025 include accelerating the construction of overseas bases in Poland, Mexico, and Indonesia to enhance local supply and service capabilities [2] Group 3 - The new materials segment continued to grow, with sales of 236,000 tons in 2024, a year-on-year increase of 32.5%, and Q1 2025 sales of 5,600 tons, up 26.1% year-on-year [3] - Upcoming projects include a 15,000-ton LCP synthetic resin project expected to start production in June 2025 and an 8,000-ton specialty polyamide project planned for March 2026, indicating potential for sustained growth in the new materials segment [3] - The company’s specialty engineering plastics are expected to benefit from rapid developments in emerging fields such as humanoid robots, low-altitude economy, and VR/AR, with long-term growth anticipated from the commercialization of years of R&D成果 [3]