On February 20th, Yuanxiang New Materials' stock sparked a surge of limit up in the A-share market. Behind this daily limit up is the dual driving force of a significant increase in the company's performance expectations and strong market demand.
According to the performance announcement released by Yuanxiang New Materials, the company expects its net profit to reach between 46 million and 52 million yuan in 2024, a year-on-year increase of 33.69% to 51.13%. The significant increase in this performance expectation is mainly due to the increase in sales of the company's main product, nano silica. During the reporting period, the company's main product, nano silica, sold approximately 80000 tons, a year-on-year increase of approximately 26%.

Nano silica, as an important inorganic non-metallic material, has a wide range of applications in rubber, plastics, coatings, inks, and other fields. With the continuous development of these fields, the market demand for nano silica is also increasing. Especially in the field of silicone rubber, the demand for nano silica as an important filler and reinforcing agent is constantly increasing. As one of the important manufacturers of nano silica, Yuanxiang New Materials has gained widespread recognition in the market for its product quality and performance.
In addition, Yuanxiang New Materials is actively expanding into emerging fields such as AI robots. With the continuous development of AI technology, the demand for silicone materials in emerging fields such as humanoid robots is constantly increasing. As one of the important manufacturers of silicone materials, Yuanxiang New Materials has also actively laid out in this field, providing strong support for the development of AI robots.
Faced with the continuous increase in market demand and significant growth in performance expectations, Yuanxiang New Materials is also constantly strengthening its research and innovation capabilities. The company has increased its investment in research and development of new technologies and products, continuously improving the quality and performance of its products. At the same time, the company has also strengthened communication and cooperation with downstream customers to jointly promote market development. It can be foreseen that in the future market competition, Yuanxiang New Materials will continue to maintain a strong development momentum.