Shidai New Materials plans to distribute dividends again in 2025 with steady growth; new material business flourishing on multiple fronts

Securities Daily Network reporter Xiao Wei

On March 28, Zhuzhou Times New Materials Technology Co., Ltd. (hereinafter referred to as “Times New Materials”) released its 2025 annual report. During the reporting period, the company achieved operating revenue of approximately RMB 21.471 billion, a year-on-year increase of 7.06%; it recorded total profit of approximately RMB 0.636 billion, a year-on-year increase of 22.09%; and net cash flow from operating activities of approximately RMB 2.182 billion, a year-on-year increase of 91.02%. Its core operating indicators improved steadily, demonstrating a continually strengthening business resilience and profitability quality.

In response to a question from a reporter with Securities Daily, the company’s board secretary, Xia Zhi, said, “The company delivered steady growth throughout the year and plans to distribute dividends again to reward all shareholders. The new materials business the company has cultivated has blossomed in multiple areas, with standout highlights. In the future, it is expected to form a new earnings growth driver.”

The reporter, after reviewing the information in the announcement, found that Times New Materials had previously completed the implementation of the 2025 interim profit distribution, distributing cash dividends of RMB 0.7 per 10 shares to all shareholders (including tax), for a total actual cash dividend payout of RMB 65.18 million (including tax). Based on the company’s annual operating performance, it has also simultaneously formulated a 2025 annual profit distribution plan, proposing to distribute cash dividends of RMB 1.62 per 10 shares to all shareholders (including tax), with a total proposed cash dividend amount of approximately RMB 151 million (including tax). For 2025 in full year, the company’s interim and annual dividend distributions combined are expected to distribute cash dividends of approximately RMB 216 million (including tax), accounting for 42.05% of the net profit attributable to shareholders of listed companies for 2025. With cold, hard cash, the company continues to share the fruits of development with all shareholders.

As a leading enterprise in China’s new materials sector, Times New Materials has been deeply involved for many years in core areas such as rail transit, wind power blades, and automotive components, establishing a solid market share and core right to speak in its segmented tracks. In recent years, Times New Materials has not confined itself to the “comfort zone” of its existing advantageous areas. Instead, relying on years of accumulated material research and common technologies for industrialization, it has actively promoted the deep integration of R&D achievements with multiple application scenarios. In emerging new materials tracks, it has achieved successive key breakthroughs. In 2025, the scale of new signed orders for the new materials segment exceeded RMB 900 million, injecting entirely new momentum into the company’s performance growth.

In 2025, Times New Materials’ new materials industry focused on three major core directions—high-pressure resin transfer molding (hereinafter referred to as “HP-RTM”) products, organosilicon, and polyurethane—and also made breakthroughs in the optoelectronic information materials track. The company’s optoelectronic information industrial segment has built a pilot production line for polyimide slurry with an annual capacity of 500 tons and completed full-line interlinked commissioning. The products have passed certification by leading industry customers and are now formally capable of large-scale production and delivery.

Cao Erbao, professor and deputy dean of the School of Economics and Trade at Hunan University, said in an interview with a reporter from Securities Daily, “On the one hand, the company is not sticking to the ‘comfort zone’ of existing advantageous tracks. Instead, based on its core material R&D capabilities accumulated over decades, it proactively extends into segmented new materials tracks with high added value and high growth potential. It achieves both reuse of technical accumulation and maximization of value, and also precisely enters tracks supported by national strategies such as new energy and high-end manufacturing, successfully finding new business opportunities. On the other hand, the company’s new business layout is not confined to the concept level; it rapidly achieves a full-chain closed loop covering technology implementation, customer certification, and batch delivery. It has formed tangible orders and performance contributions, fully reflecting the company’s solid industrialization capabilities and market development abilities. Meanwhile, while maintaining steady business expansion and continuously increasing investment in R&D innovation, the company adheres to continuously stable cash dividend payments to reward investors, balancing long-term growth and shareholder returns. This shows the responsibility and commitment of a listed company, and also lays a solid market foundation for the company’s long-term sustainable development.”