On the evening of August 25, Dawn Polymer released its 2026 semi-annual report. As the start of the 15th Five-Year Plan, the strategic importance of China's new materials industry continues to rise. Facing multiple challenges such as geopolitical disturbances, commodity price fluctuations, intensified industry competition, and structural differentiation in downstream demand, Dawn Polymer, relying on its mature platform-based R&D mechanism, nationwide multi-base production capacity matrix, diversified product system, and full-industry chain synergy advantages, achieved a leapfrog increase in operating scale and profitability, delivering a truly impressive interim report.

Operating data demonstrated the company's resilience. During the reporting period, the company achieved operating revenue of RMB 3.978 billion, a year-on-year increase of 38.05%; net profit attributable to the parent company was RMB 237 million, a significant year-on-year increase of 181.94%. Adhering to its innovation-driven development strategy, the company invested RMB 197 million in R&D in the first half of the year, a year-on-year increase of 72.33%; net cash flow from operating activities increased by 165.61% year-on-year. Profitability, innovation capabilities, and operational quality all improved simultaneously, further solidifying the foundation for future development.

At the operational management level, the company continued to optimize its production and sales layout, deepen refined operational control, and coordinate the allocation of production capacity across its national production bases in Longkou, Qingdao, Chongqing, Guangzhou, Shanghai, Xuancheng, and Ningbo. It focused on cultivating existing markets, exploring emerging growth sectors, and building a diversified raw material supply chain system to effectively hedge against external supply chain uncertainties. Simultaneously, key projects such as capacity expansion and intelligent technological upgrades of production lines at various production bases have been implemented in an orderly manner, steadily implementing the "15th Five-Year Plan" medium- and long-term strategic deployment. The company is improving and expanding its core business segments and proactively developing emerging industry sectors, accumulating momentum for long-term high-quality development.

Significant progress has been made in technological innovation and industrial layout. Dawn Polymer focuses on the localization of high-end new materials, prioritizing strategic emerging fields such as new energy vehicles and humanoid robots, and establishing a complete innovation loop encompassing "R&D breakthroughs—pilot testing and maturation—mass production." In the first half of the year, the company filed 37 new patent applications and was granted 18 patents, bringing the total number of authorized patents to 311. The company has also deepened its collaborative research with universities and research institutions, achieving independent breakthroughs in several key "bottleneck" technologies.

The core business segments maintained strong growth momentum. The elastomer segment saw a 136.22% year-on-year revenue increase, with cutting-edge products such as DVA tire-specific materials, new energy vehicle TPV, and biomimetic elastomers for robots achieving mass production and implementation. The modified plastics segment maintained steady growth, with several halogen-free flame-retardant, hydrolysis-resistant, and low-carbon recyclable new materials successfully achieving import substitution and possessing the capability for large-scale market application.

Looking to the future, Dawn Polymer will continue to solidify its four core technologies: plasticization modification, dynamic vulcanization, esterification synthesis, and hydrogenation reaction, using technological iteration to build a strong competitive barrier. It will deepen its focus on the core business of polymer new materials, continuously optimize its product structure, and strengthen upstream and downstream industry synergy. It will accelerate the industrialization of cutting-edge materials, promote the large-scale application of green and low-carbon technologies, continuously improve its supply capacity of high-end products, and strive to become a leading enterprise in green and lightweight polymer composite new materials with high-performance elastomers as its core feature and global competitiveness.