Zhongchu Catalyst's net profit attributable to the parent company in 2025 is expected to increase by 45.55% year-on-year, with the catalytic new material product line further expanding.

Reporter Li Yong

Benefiting from the growth in sales of main products and the increased proportion of high-margin products, Zhongchumaterials Co., Ltd. (hereinafter referred to as “Zhongchumaterials”) significantly improved its operating performance in 2025. The performance brief released by Zhongchumaterials on the evening of February 26 shows that, based on preliminary calculations, the company achieved a total revenue of 856 million yuan in 2025, a year-on-year increase of 28.37%; net profit attributable to the parent company was 212 million yuan, up 45.55%; and net profit attributable to the parent company after deducting non-recurring gains and losses was 192 million yuan, an increase of 55.32%.

Zhongchumaterials has always focused on the catalyst field, mainly engaged in the research and development, production, sales, and chemical technology and process services of specialty molecular sieves and new catalytic materials. Since its founding, Zhongchumaterials has adhered to an independent innovation development strategy, building a core technology system that is independently controllable and continuously innovating. Through自主研发, it has formed a multidimensional product matrix covering molecular sieves, catalysts, and fine chemicals. In the environmental protection field, Zhongchumaterials’ mobile source denitrification molecular sieve process is mature and stable, and has long-term supply agreements with international chemical giants like BASF; in energy, chemical, and fine chemical sectors, its propylene oxide catalysts and pyridine synthesis catalysts have achieved large-scale application with multiple key downstream clients, and molecular sieve products have entered the supply chain systems of internationally renowned chemical companies.

“Catalysts are the accelerator of the chemical industry; over 90% of chemical processes rely on them to determine reaction efficiency, energy consumption, and emissions,” said Zheng Yangyang, researcher at Samoy Cloud Technology Group, in an interview with Securities Daily.

The announcement shows that in 2025, as the downstream fine chemical industry steadily recovered, Zhongchumaterials seized market opportunities and successfully transformed multiple R&D achievements into industrial applications, further enriching its new catalytic materials product line. The titanium-silicon series catalysts successfully expanded into new markets and clients, achieving significant sales growth. Meanwhile, Zhongchumaterials actively expanded its market share in environmental protection fields such as exhaust gas treatment, with sales of mobile source denitrification molecular sieves increasing substantially. Sales of pyridine synthesis catalysts and other fine chemical products also showed steady growth.

“The catalyst industry is an indispensable part of the chemical industry chain, characterized by high technological content, high product added value, and significant importance for environmental protection and energy efficiency improvements,” said Yu Fenghui, senior researcher at Pangu Think Tank (Beijing) Information Consulting Co., Ltd., in an interview with Securities Daily. As an industry leader, Zhongchumaterials’ competitive advantages mainly lie in its strong R&D capabilities, extensive product lines, and high-quality customer service. The company’s performance growth is driven by continuous technological innovation and market expansion, especially by developing high-efficiency new catalysts that meet clients’ needs for energy saving and emission reduction.

Regarding the performance changes, Zhongchumaterials explained in the announcement that the main reasons are increased sales of key products, higher proportion of high-margin products, increased operating income, and a decrease in some raw material and energy costs, leading to a year-on-year increase in net profit. The company also clarified that there are no significant uncertain factors that could affect the accuracy of the performance brief.

Guohai Securities’ earlier research report believes that Zhongchumaterials consolidates its technological moat through process iteration to strengthen existing products, diversifies its product portfolio through industry-university-research collaboration, continuously broadens profit channels, and enhances its full industry chain service capabilities, further consolidating and improving its overall competitiveness and market position. As the capacity of ongoing projects comes online, Zhongchumaterials’ product matrix will be further enriched, and its business is expected to grow rapidly.

(Editor: Sun Qian)