Donglai Coating Technology (Shanghai) Co., Ltd. (688129.SH) achieved a net profit of 85.2367 million yuan in 2024, a year-on-year increase of 64.95%.

Donglai Coating Technology (Shanghai) Co., Ltd (688129.SH) released its 2024 annual performance report, with a total operating income of 598 million yuan, a year-on-year increase of 15.14%; a net profit attributable to the owners of the parent company of 85.2367 million yuan, a year-on-year increase of 64.95%; a net profit attributable to the owners of the parent company after deducting non-recurring gains and losses of 51.8334 million yuan, a year-on-year increase of 232.95%; and a basic earnings per share of 0.76 yuan. During the reporting period, the company continued to focus on its core business, vigorously develop markets, improve operational efficiency, invest continuously in research and development, and enhance market competitiveness. In the field of automotive aftermarket repair coatings, the company maintained steady growth with existing customers while achieving new customers' original factory certification and mass production performance; in the field of automotive new car interior and exterior coatings, relying on unique and widespread original factory certification advantages, it continuously gains recognition and mass production performance from new customers, entering a stage of rapid development after the breakthrough from 0 to 1, leading to an overall performance improvement; in the field of automotive new car original equipment manufacturer (OEM) coatings, after achieving a breakthrough in the previous year, stable supply was maintained; in the 3C consumer electronics coatings and other industrial coatings fields, stable supply and performance contributions were provided based on gaining recognition from new customers.