Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Thermal Management Materials		608.97M	407.03M	392.29M	-	-
Thermal Management Materials Growth		49.62%	3.76%	-	-	-
Magnetic Material		3.02M	1.93M	2.57M	3.06M	6.09M
Magnetic Material Growth		56.62%	-24.85%	-16.13%	-49.71%	1813.97%
Nano Protective Film		9.52M	5.75M	4.43M	2.59M	1.98M
Nano Protective Film Growth		65.47%	29.76%	71.46%	30.36%	48.61%
Other		34.62M	19.54M	23.38M	3.60M	651.90K
Other Growth		77.21%	-16.44%	549.50%	452.23%	2.06%
Synthetic Graphite Heat Sink		-	-	-	284.82M	248.52M
Synthetic Graphite Heat Sink Growth		-	-	-	14.61%	-
Synthetic Graphite Heat Spreader		-	-	-	121.86M	33.08M
Synthetic Graphite Heat Spreader Growth		-	-	-	268.42%	-
Other Thermal Management Materials		-	-	-	29.10M	4.28M
Other Thermal Management Materials Growth		-	-	-	579.30%	-
Total		656.14M	434.25M	422.67M	445.03M	294.60M
Total Growth		51.10%	2.74%	-5.02%	51.06%	8.35%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
China		614.38M	378.14M	374.01M	-	-
China Growth		62.47%	1.10%	-	-	-
Overseas		41.76M	56.11M	48.66M	-	-
Overseas Growth		-25.57%	15.31%	-	-	-
North China		-	-	-	20.96M	15.38M
North China Growth		-	-	-	36.29%	-
East China		-	-	-	67.30M	35.09M
East China Growth		-	-	-	91.76%	-
South China		-	-	-	250.23M	217.31M
South China Growth		-	-	-	15.15%	-
Central China		-	-	-	4.59M	2.37M
Central China Growth		-	-	-	93.39%	-
Other China		-	-	-	4.19M	2.04M
Other China Growth		-	-	-	105.93%	-
South Korea		-	-	-	31.24M	5.35M
South Korea Growth		-	-	-	484.25%	-
Vietnam		-	-	-	64.96M	16.34M
Vietnam Growth		-	-	-	297.48%	-
Hong Kong		-	-	-	1.56M	683.00K
Hong Kong Growth		-	-	-	127.80%	-
Other Foreign		-	-	-	5.60K	37.40K
Other Foreign Growth		-	-	-	-85.03%	-
Total		656.14M	434.25M	422.67M	445.03M	294.60M
Total Growth		51.10%	2.74%	-5.02%	51.06%	-

Source: S&P Global Market Intelligence.