Double Growth in Revenue and Profit! Dongcai Technology Releases Third Quarter Report, This Project Terminated!

Recently, Sichuan Dongcai Technology Group Co., Ltd. released its third-quarter report for 2025. In the first three quarters, the operating revenue was 3.803 billion yuan, a year-on-year increase of 17.18%; the net profit attributable to shareholders was 283 million yuan, a year-on-year increase of 19.80%; the net profit attributable to shareholders after deducting non-recurring gains and losses was 232 million yuan, a year-on-year increase of 45.06%.

The reasons for revenue growth are: the company's newly established industrial projects have gradually gone into production, with strong downstream market demand for optical polyester films, polypropylene films, and high-speed electronic resins. The newly added production capacity is being gradually released, forming stable production capabilities, leading to increases in production volume and revenue scale. In the first three quarters of 2025, sales revenue for optical film materials reached 1.012 billion yuan, a year-on-year increase of 20.67%; sales revenue for polypropylene films reached 299 million yuan, a year-on-year increase of 11.90%; and sales revenue for electronic materials reached 1.102 billion yuan, a year-on-year increase of 37.19%.

The reasons for the growth in net profit are: benefiting from the high-quality development of emerging fields such as domestic ultra-high voltage power grids, new energy vehicles, artificial intelligence, and computing power upgrades, as well as the improvement in demand for consumer electronic terminals. The company's research and production of high value-added products, including ultra-thin electronic polypropylene films for ultra-high voltage electrical applications, new energy vehicles, high-speed electronic resins (such as bismaleimide resin, active ester resin, hydrocarbon resin, polyphenylene ether resin, etc.), and mid-to-high-end optical polyester base films, have significantly enhanced overall profitability. In the first three quarters of 2025, the company achieved a gross profit of 614 million yuan, representing a year-on-year increase of 29.66%.

From July to September, the operating data shows that the output of electrical insulation materials was 14,926.56 tons, sales reached 15,098.85 tons, and revenue amounted to 137.911 million yuan; new energy materials. 14,922.42Ton, sales volume15,269.16tons, achieving revenue33497.8Ten thousand yuan.Optical film materials 32,428.45Ton, sales volume32,798.97Ton, achieve revenue37478.910,000 yuan;Electronic materials 20,384.35Ton, sales volume20,772.06tons, achieve revenue41402.4131Ten thousand yuan; output of environmentally friendly flame-retardant materials.5,186.07Ton, sales volume4,345.32tons, achieve revenue3859.2Ten thousand yuan.

It is worth mentioning that Sichuan Dongcai Technology Group Co., Ltd. also announced the termination of the construction of the third phase (including two imported production lines) of the "Annual Production of 100 Million Square Meters of Functional Film Material Industrialization Project." The remaining raised funds for this project will be permanently used to supplement working capital for the company's daily operations and business development.

The main products of the originally planned project are anti-adhesive films, OLED process protective films, and functional adhesive tapes for flexible panels. The fundraising project is divided into three phases, intending to newly build 8 production lines, relocate 2 production lines, and establish 1 experimental line. Upon completion, it will have an annual production capacity of 35 million square meters of functional adhesive tapes for flexible panels, 60 million square meters of anti-adhesive films, and 5 million square meters of OLED process protective films, totaling a production scale of 100 million square meters of functional films. It is reported that the first and second phases of the fundraising project (including 8 production lines and 1 experimental line) have been completed and put into production, with an annual production capacity of 60 million square meters of functional films.

The reason is that competition in the optoelectronic industry chain has intensified, and the localization process of key raw materials has not met expectations. Therefore, Dongcai Technology has decided to postpone the construction of the third phase of the fundraising investment project (including two imported production lines) and extend the time for the third phase to reach the intended usable state to October 2025.