Sichuan Dowell Science and Technology Inc.
300535.SZ · SHZ
Company research
Sichuan Dowell Science and Technology Inc. (300535.SZ) is a Chengdu-based specialty chemicals company founded in 1994 and listed on the Shenzhen Stock Exchange in 2016, recognized as the leading player in China's leather chemicals industry. The company specializes in the research, development, production, and sale of a broad portfolio of fine chemical products, including leather cleaning and tanning materials, functional leather additives, finishing compounds, colorants, water-based polyurethane materials, synthetic leather chemicals, and specialized electronic materials. Beyond its core leather chemicals business, Dowell has diversified into intelligent equipment and plastic products, operating modern production bases across Chengdu, Shanghai, and Anhui, with an annual production capacity exceeding 180,000 tons across more than 600 product varieties. With over 1,000 employees, more than 20 subsidiaries, and an active global expansion strategy targeting markets in Singapore, Brazil, and Italy, Dowell remains committed to eco-friendly and smart innovation principles under the leadership of CEO Jianlin Yan.
Research reports
通过估值指针与多维基本面分析，该报告认为达威股份竞争优势和盈利能力较弱、营收成长性一般，股价偏高，整体风险水平相对较高。
股百科（基于证券之星数据） · April 28, 2026达威股份（300535）2026年一季报为何亏损？三费占比激增37%深度解析文章将2026年一季报亏损归因于销售、管理和财务费用合计占营收比例大幅上升，并强调毛利率改善被费用侵蚀、现金流紧张、应收账款高企以及长期ROIC偏弱等结构性风险。
证券之星 / StockStar · April 28, 2026达威股份（300535）2026年一季报简析：净利润同比下降244.25%，三费占比上升明显简析从净利润大幅同比下滑、三费率显著抬升、ROIC长期偏低等角度评价公司经营状况，认为资本回报能力不强、费用压力较大，商业模式对周期和费用敏感度较高。
腾讯新闻 / 证券之星稿件 · April 28, 2026达威股份（300535）2026年一季报简析：净利润同比下降244.25%该简析基于证券之星财报工具，指出一季报营收小幅下滑但净利率大幅转负、三费占比升至逾三成、营运资本占用提高，并提示现金流质量、应收账款与经营模式的脆弱性需重点关注。
新浪财经 / 证券之星稿件 · April 26, 2026达威股份2025年营收7.13亿元同比降5.35%，归母净利润3581.29万元同比增412.82%，销售费用同比增长41.40%年报简析显示2025年收入小幅下滑但净利润和毛利率显著改善，同时期间费用尤其销售费用增速较快，文章在肯定盈利修复的同时提醒投资者持续关注费用率、现金流与债务负担的变化。