February 9, 2025 – Lily Color Recently Announces Impressive 2024 Earnings Forecast
Lily Color, a leading player in the domestic organic pigment and intermediate market, has recently released its 2024 annual earnings forecast, projecting a net profit attributable to parent company shareholders to range between RMB 172 million and RMB 178 million, marking an increase of 43.08% to 48.07% year-on-year. The net profit after deducting non-recurring profits and losses is expected to be between RMB 155 million and RMB 161 million, soaring by 55.44% to 61.46% compared to the previous year. This remarkable performance is primarily attributed to the rebound in market demand, increased product sales, and significant improvements in the operating conditions of its subsidiaries.
According to the announcement, Lily Color’s main product sales saw a substantial increase in 2024, with the gross profit margin of some products also improving, serving as the main drivers of the company’s growth. As a widely used ingredient in coatings, plastics, and inks, Lily Color’s products have benefited from the macroeconomic recovery and the resurgence of downstream industry demand, leading to robust growth in the company’s core business segments.
Figures indicate that in the first three quarters, Lily Color achieved a revenue of RMB 1.792 billion, up 3.87% year-on-year. The net profit attributable to shareholders surged by 76.90% to RMB 144 million, while the net profit after deducting non-recurring profits and losses increased by 86.50% to RMB 131 million. This strong growth momentum has laid a solid foundation for the company’s impressive full-year performance.
AsiaMB has learned that the operational improvements of Lily Color’s subsidiary, Hubei Caili New Material Co., Ltd., have also significantly contributed to the performance uplift. In December last year, Hubei Caili’s “8,900-ton ammonia oxidation project” entered the trial production phase and quickly produced qualified products. The smooth progress of this project has normalized Hubei Caili’s production, substantially reduced losses, and positively impacted the parent company’s earnings growth.
In recent years, Lily Color has continuously increased investments in technological innovation and production capacity expansion to enhance its market competitiveness. The commissioning of Hubei Caili’s ammonia oxidation project not only enriches the company’s product line but also optimizes its production structure, bolstering its competitiveness in the high-end pigment market. With the gradual release of new production capacity, Lily Color is expected to further increase its market share and profitability in the future.
In summary, Lily Color’s 2024 earnings forecast reflects both the recovery of downstream industries and the company’s sustained efforts in technological innovation and production capacity optimization. As the global economy gradually rebounds, the demand for downstream industries such as coatings and plastics is expected to continue growing, presenting more market opportunities for Lily Color. Meanwhile, the company’s ongoing investments in new product development and production capacity expansion will inject strong momentum into its long-term development.