Nanjing Julong Posts 81% Net Profit Growth

Recently, Nanjing Julong disclosed its 2025 annual performance forecast, which shows that the company expects its net profit attributable to shareholders of the listed company to be between RMB 126.8 million and RMB 140 million, an increase of 50.34% to 66.00% compared to RMB 84.3397 million in the same period of the previous year; the net profit after deducting non-recurring gains and losses is expected to be between RMB 124 million and RMB 138 million, a higher year-on-year increase of 62.85% to 81.24% compared to RMB 76.1428 million in the same period of the previous year.

Regarding the reasons for the significant increase in performance, the company stated that its core products, with their stable quality and market competitiveness, achieved steady growth in sales volume, further consolidating its leading position in niche markets such as high-speed rail nylon materials and modified plastics for automobiles. In addition, the market prices of major raw materials remained at reasonable low levels, creating favorable conditions for the company's product cost control, which improved product gross profit margins and further optimized overall profitability.

It is worth mentioning that Nanjing Julong recently established Huizhou Julong New Material Technology Co., Ltd. (hereinafter referred to as "Huizhou Julong"), further improving its national industrial layout and entering high-potential tracks. According to Qichacha information, Huizhou Julong has a registered capital of 30 million yuan and is 100% owned by Nanjing Julong. Its business scope covers various fields such as additive manufacturing equipment manufacturing, civil aviation material sales, and mechanical parts and components processing.

According to the previous announcement, the company plans to invest 110 million yuan through Huizhou Julong as the main body to construct a 60,000-ton per year modified plastic production line project. The construction period is 3 years, and the funding sources include registered capital, shareholder capital increases, and self-raised funds.

It is worth noting that Huizhou Julong has included the sale of civil aviation materials in its business scope, marking Nanjing Julong's official foray into the civil aviation materials sector. It is reported that its subsidiary, Julong Composites, has already supplied carbon fiber composite fuselage structural components for drones to Zero Gravity Aircraft Industry, and the products have passed aviation-grade standard tests. This strategic move will further strengthen the company's synergistic advantages in the aerospace materials field and open up new growth poles for performance.