DKEM(300842)2025-02-28 07:08Financial Performance - In 2024, the company achieved a revenue of 15.351 billion CNY, an increase of 59.85% compared to the previous year [1] - The net profit attributable to shareholders was 359.96 million CNY, a decrease of 6.66% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 439.10 million CNY, an increase of 28.03% year-on-year [1] - Total assets reached 7.832 billion CNY, a year-on-year growth of 15.43% [1] - Net assets increased by 26.48% year-on-year, totaling 1.674 billion CNY [1] Product Sales and Market Position - The company sold 2,037.69 tons of photovoltaic conductive silver paste, an increase of 18.91% year-on-year [1] - Sales of silver paste products for N-type TOPCon batteries reached 1,815.53 tons, accounting for 89.10% of total sales in this category, maintaining industry leadership [1] Technological Advancements - The company is actively developing low-silver and silver-free technologies to reduce metallization costs and strengthen its market position [2] - The N-type HJT battery low-temperature silver-coated copper paste is being mass-produced, with a focus on developing lower silver content products [2] - High copper paste designs for TOPCon and TBC batteries are expected to enable large-scale production in the second half of the year [5] Cash Flow and Financial Management - The significant improvement in cash flow from operating activities is attributed to better management of accounts receivable and strategic procurement practices [6] - The company aims to enhance its market share by focusing on high-quality leading customers in 2025 [7] Cost Structure and Future Outlook - The processing fees for TOPCon silver paste remain stable, while HJT and TBC paste processing fees are higher [8] - The company is evaluating the impact of recent photovoltaic industry policies on its 2025 shipment targets [7]