On August 20, 2025, Kente Catalysts Inc. (603120) released its first interim report since going public. As a leading enterprise in China's phase transfer catalyst sector, the company achieved total operating revenue of 296 million yuan and net profit attributable to shareholders of 39.35 million yuan in the first half of the year, with net operating cash flow growing 23.72% year-on-year, delivering solid performance amid a complex market environment.
Particularly noteworthy is that after successfully listing on the capital market in April 2025, Kente Catalysts Inc. quickly announced a dividend plan of 4 yuan per 10 shares, providing substantial cash returns to reward investors' trust and support. This initiative not only demonstrates the company's strong development capabilities and stable financial position, but also reflects its high regard for shareholder value and firm commitment.
**Solid Operations Build Strong Foundation, Technology Advantages Create Competitive Moat**
Kente Catalysts Inc. specializes in the research, development, production and sales of quaternary ammonium compounds, with products covering four major series: quaternary ammonium salts, quaternary ammonium bases, quaternary phosphonium salts, and crown ethers. These products are widely used in strategic emerging fields including fine chemicals, molecular sieves, battery electrolytes, and polymer materials.
During the reporting period, leveraging deep technical expertise and flexible market strategies, the company maintained stable operating scale and profitability despite raw material price fluctuations, demonstrating the risk resistance capabilities of an industry leader.
Technology barriers represent Kente Catalysts Inc.'s core competitive strength. With nearly 20 years of experience in the phase transfer catalyst field, the company holds 53 authorized invention patents and 178 utility model patents, building a comprehensive product application matrix across multiple sectors.
For example, quaternary ammonium salt and quaternary phosphonium salt products utilize DCS automated control systems to achieve precise temperature and pressure regulation, with industry-leading product quality stability. Quaternary ammonium base products have significantly enhanced market competitiveness through electrolytic cell optimization and anion-cation membrane design, solving challenges in impurity control and cost management. Crown ether products leverage template synthesis, complexation crystallization, and extraction purification technologies to achieve leading domestic performance in both cost and quality.
These technological breakthroughs have not only earned customer trust but also driven industry process upgrades.
**Market Expansion and R&D in Parallel, Building "Technology-Market" Symbiotic Ecosystem**
Kente Catalysts Inc.'s customer network covers core sectors including petroleum refining, pharmaceutical chemicals, environmental protection, and agrochemicals, forming deep cooperative relationships with leading downstream enterprises. The strict standards of pharmaceutical and agrochemical industries for raw materials mean that once customers complete validation, they rarely change suppliers, providing solid support for the company's performance stability.
More notably, the company has innovatively introduced a "parallel R&D" model, synchronously engaging with customers during new product development phases to jointly develop customized catalysts for specific requirements, securing market supply rights in advance. This "technology co-creation and market symbiosis" cycle not only consolidates the company's technological leadership but also continuously expands market boundaries through deep participation in downstream industry innovation.
The company continues to increase R&D investment with a "green catalysis" philosophy, promoting product upgrades and process improvements. Advanced technologies including ionic membrane electrolysis, template synthesis, complexation crystallization, extraction purification, enhanced solvent distillation, and pervaporation dehydration recovery have achieved high efficiency and low carbon emissions throughout the production process.
In smart manufacturing, the deep integration of automated control systems with ERP, QA and other information management platforms has significantly reduced energy consumption and operating costs while substantially improving production efficiency. These initiatives not only respond to China's "dual carbon" strategy but have also earned the company environmental certifications such as "Green Factory," further enhancing brand value.
Kente Catalysts Inc.'s 2025 interim profit distribution plan demonstrates genuine commitment. The company proposes to distribute cash dividends to all shareholders based on the total share capital registered on the equity distribution record date, paying 4 yuan in cash per 10 shares (including tax), with expected total cash dividend distribution of 36.16 million yuan (including tax). This measure reflects both the company's confidence in cash flow management and sends a clear signal of long-term value investment to the market.
This interim report not only showcases Kente Catalysts Inc.'s capabilities as a high-tech enterprise but also conveys the company's strategic determination for steady and sustainable development. Driven by the dual engines of technological innovation and lean management, this emerging force in the chemical industry is steadily advancing forward and deserves continued market attention and expectations.
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