Daoming Optics and Chemical Co., Ltd.

Company Profile

In 2025, the company achieved total operating revenue of 1.491 billion yuan, representing a 3.49% year-on-year increase. Net profit attributable to shareholders of the listed company reached 222 million yuan, up 30.43% year-on-year, while net profit excluding non-recurring items attributable to shareholders amounted to 192 million yuan, marking a 39.38% year-on-year rise. Business Performance: During the reporting period, the company continued to focus on the reflective materials market while steadily expanding its global business presence.The automotive industry has seen intensified implementation of the "Two New" policies, with expanding coverage and sustained release of terminal demand. Domestic automobile production and sales have achieved growth exceeding expectations, driving overall industry improvement. This has boosted demand for the company's license plate film products, providing support for business development and achieving performance growth in the field of driving safety. The optical display materials sector generated operating revenue of 249 million yuan, representing a year-on-year increase of approximately 13%. During the reporting period, the growing proportion of large-screen TVs and advancements in image quality technology drove demand for high-end optical films. Meanwhile, the increasing share of new energy vehicles in production and sales, coupled with evolving intelligent and entertainment-oriented cabin technologies, led to sustained growth in overall demand for in-vehicle displays. This trend has further fueled the need for premium optical film assemblies. The company will continue to advance the application of optical display materials in the automotive sector, actively align with market demands, develop new products, and promote the diversification of optical film products. The electronic functional materials division generated operating revenue of 161 million yuan, representing a 15.11% year-on-year increase, primarily driven by sales growth of the company's release materials and graphene thermal conductive films. In 2025, the company intensified its market expansion efforts for release materials, achieving significant breakthroughs in application domain diversification and new customer acquisition. With the successful mass production of artificial graphite membranes in Q2, the company has essentially completed its industrial layout for carbon-based thermal management materials. These materials have established stable commercial applications across traditional 3C sectors including smartphones, gaming phones, foldable displays, and flat panel displays. The company is now pursuing growth in emerging fields such as graphene membranes with high flexibility and thermal management requirements. Currently, the company is actively exploring innovative product forms and application boundaries for graphene, concurrently developing graphene thermal pads, lightweight graphene foam membranes, and high-efficiency phase-change thermal storage materials. These advancements will accelerate product deployment in high-performance computing and high heat flux density applications such as（server systems and electric vehicle control systems. In terms of R&D initiatives：During the reporting period, the company consistently focused on three core strategies—innovation-driven growth, cost efficiency optimization, and market expansion—achieving significant progress in platform integration, new product development, process refinement, and supply chain autonomy. The company proactively aligned with environmental protection trends, assisting clients in quality enhancement and operational efficiency improvement. Key accomplishments included developing license plate films for high-speed UV printing, designing microstructured reflective films compliant with Russian standards, and creating specialized molds, all providing robust technical support for global market expansion. Continuous efforts were made to innovate thermal management materials through optimized production processes and performance enhancements, diversifying product portfolios while boosting yield rates and production efficiency. The company completed breakthrough R&D in optical display technologies, expanding its product portfolio to strengthen Changzhou Huawei Advanced Materials Co., Ltd.'s core competitiveness. Additional innovations included tear-resistant laser etching films, automotive interior PC/PMMA alloy films, DBEF-specific frosted PC films, and container label films, enabling the company to pioneer new markets and expand its application ecosystems. In terms of governance optimization: The company strictly complies with regulatory requirements from the China Securities Regulatory Commission (CSRC) and Shenzhen Stock Exchange, continuously improves its internal control system, and consistently enhances the quality and efficiency of corporate governance. During the reporting period, the company complied with regulations by abolishing the Supervisory Board structure and revising 31 internal policies, including the Articles of Association, Shareholders' Meeting Rules, Board of Directors Rules, and Independent Director Work System. It also introduced new regulations such as the Director Resignation Management System and Public Opinion Management System, thereby establishing a more standardized and efficient corporate governance framework. Regarding investor returns: The company has actively complied with regulatory requirements from the China Securities Regulatory Commission (CSRC) and Shenzhen Stock Exchange (SZSE) regarding standardized operations for listed companies. It has strengthened compliance awareness, enhanced transparency and information disclosure quality, and organized training sessions for directors and senior management on relevant regulations through intermediaries, significantly improving its compliance management capabilities. Additionally, the company has established robust communication channels with capital markets through regular earnings briefings, SZSE Interactive Platform, investor field visits, and routine phone/e-mail communications. These efforts have enabled comprehensive communication of operational realities to investors, effectively safeguarding the legitimate rights and interests of retail investors. The company places high importance on investor returns by consistently focusing on its core business, balancing operational performance growth with investor returns dynamically, and actively establishing a scientific, sustainable, and stable dividend mechanism to share development achievements with investors. In mid-2025, we will implement the guidelines outlined in the State Council's document "Several Opinions on Strengthening Regulation, Risk Prevention, and Promoting High-Quality Development of the Capital Market" (State Council Document [2024] No.10), ensuring investor interests through tangible dividend distributions.