On January 24, Yake Technology made an announcement projecting its net profit for 2024 to range from 850 million to 930 million yuan, marking a substantial year-over-year growth of 46.68% to 60.49%. This robust performance is predominantly fueled by the exceptional strength of two key business segments. Firstly, the thriving downstream shipbuilding industry and the escalating demand for insulation materials from domestic liquefied natural gas (LNG) storage and transportation equipment manufacturers have significantly boosted Yake Technology's order book for LNG insulation panels, thereby driving a notable surge in revenue from this sector. Secondly, the resurgence of the domestic integrated circuit industry, coupled with the expansion of production capacities among downstream chip manufacturers, has spurred an increase in market demand for electronic materials, leading to substantial revenue growth for the company's electronic materials business. Furthermore, the company's materials business for display panels has exhibited a consistent and positive trajectory, with sales of related products and supporting reagents achieving notable growth.