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There is a company thatis a leading domestic manufacturer ofPCB electronic chemicals, deeply rooted in the industry for over40 years, and has ranked first in the list of major enterprises in China’s electronic circuit industry specialized chemicals for13 consecutive years.
Its products cover the top ten globalPCBcompanies, with over60% of the top 100 PCB companies worldwide collaborating with Guanghua Technology.In 2024, the new generation ofPCBsolutions, glass substrates, and advanced packaging solutions for semiconductors launched by the company have gained industry recognition.
The global solid-state battery industrialization process is accelerating, with CATL planning tomass-produce sulfide solid-state batteries in 2025-2026.The company is one of the largest and most advanced enterprises in domestic solid-state battery sulfide lithium technology.
Today, we share about the company—Guanghua Technology,002741
In the first half of 2025, the company achieved operating revenue of1.282 billion yuan,with a year-on-year growth of9.53%; the net profit attributable to shareholders of the listed company reached56.2677 million yuan, a substantial increase of424.12%.
The company not only achieved explosive growth in net profit,but also the net profit after deducting non-recurring gains and losses reached54.7651 million yuan, a year-on-year increase of472%.
The company has made an astonishing turnaround from a loss in the 2024 fiscal year (net loss attributable to the parent company of205 million yuan). The growth in performance is mainly attributed to the company’s continuous efforts to expand its specialized chemicals business and break through key benchmark customers in the industry.
Driving Logic:
First, technology-driven core advantages
Guanghua Technology has mastered several key technologies for the production of specialized chemicals through independent research and long-term technological accumulation.
The company possesses“multi-stage series cooperative complex extraction and purification technology,”“engineering technology for crystallization control of solid products,”“distillation and purification technology for organic solvents,”and“chemical synthesis technology,”among other core technologies.
In the wave of AI computing power, the demand for 20-28 layer high multilayer boards has surged. Guanghua Technology’s IC substrate etching solution has broken the overseas monopoly and entered theAI server supply chain, with a projected net profit increase of375%-440% in the first half of 2025,making the PCB business an important pillar of performance growth.
In the fields of PCB chemicals and semiconductor materials, foreign companies such as Rohm and Haas from the USA, and Germany’s BASF dominate the high-end market. Guanghua Technology’s copper sinking solution is 30% cheaper than Dow’s, and the mass production of cyanide-free gold plating solution has broken the foreign monopoly.
Second, breakthroughs in the power battery recycling field
In the field of power battery recycling, Guanghua Technology has taken the lead in masteringthe key technology for recycling retired lithium iron phosphate power batteries.
The company fully leverages the combined advantages of fine powder removal processes and wet regeneration processes, successfully achieving comprehensive, high-quality, and high-value recycling of lithium iron phosphate batteries.
The wet regeneration process has many advantages, including high yield, high quality, and controllable costs. Through the efficient selective lithium extraction technology for lithium iron phosphate cathodes, the comprehensive recovery rate of lithium from retired lithium iron phosphate power batteries reachesover 92%, with recovery rates for iron and phosphorus reaching98%.
In summary,as the global battery recycling market is expected to exceed300 billion yuan by 2025, Guanghua Technology has already secured a favorable position.
However, the true value may not have been fully realized yet; technological barriers, recycling efficiency, and resource recycling capabilities constitute Guanghua Technology’s moat, which is continuously widening.
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