Daon Shares’ Q1 Net Profit Surges 80%–100%

Shandong Dawn Polymer Materials Co., Ltd. has disclosed its earnings forecast for the first quarter of 2026.

Data shows that the company’s net profit attributable to shareholders of the listed company for the reporting period is expected to increase by 80% to 100% year-on-year.

Daon Co., Ltd. expects its net profit attributable to shareholders for the first quarter of 2026 to reach RMB 79.7119 million to RMB 88.5688 million, representing a year-on-year growth of 80% to 100%; its net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be RMB 73.6317 million to RMB 82.4886 million, with an even higher year-on-year growth of 99.13% to 123.08%, reflecting outstanding earnings quality.

In its announcement, Daowen Co., Ltd. clearly stated that the significant growth in its performance was primarily driven by two key factors.

On one hand, the company's core main business maintains a steady development trend, management efficiency continues to improve, the market competitiveness of core products is constantly enhanced, providing a solid support for profit growth.

On the other hand, beginning February 2026, Ningbo SK was officially included in the consolidated financial statements of Daowen Co., Ltd., and the incorporation of its operating results has positively contributed to the company's overall profitability.

It is reported that Ningbo SK was established in December 2012 with a registered capital of 630 million yuan. Its registered location is in Ningbo, Zhejiang Province. The core business is the production and manufacturing of ethylene propylene rubber products, possessing mature production technology and a stable business foundation.

In the first half of 2025, Ningbo SK generated revenue of RMB 569 million, operating profit of approximately RMB 142 million, and net profit of RMB 107 million, demonstrating strong profitability.