Summary of Su Yan Jing Shen Conference Call Company Overview - Su Yan Jing Shen is actively advancing multiple energy storage projects, including collaborations with China National Petroleum Corporation (CNPC) and Jiangsu Guoxin, aiming to diversify energy storage methods and enhance overall profitability [2][3] Strategic Goals - The company aims to achieve a rock salt production capacity of 12 million tons, gas storage capacity of 5 billion cubic meters, operating revenue of 20 billion yuan, and tax revenue exceeding 3 billion yuan during the 14th Five-Year Plan period [2][3] Financial Performance - As of the first half of 2025, total assets were 9.99 billion yuan, net assets attributable to shareholders were 6.079 billion yuan, operating revenue was 2.358 billion yuan, and total profit was 415 million yuan, reflecting a year-on-year decline of 28% [2][3] - Earnings per share were 0.4404 yuan, down 28.86% year-on-year [5] Product Sales and Market Dynamics - Calcium chloride sales declined due to reduced domestic and international demand, with a 20% drop in sales volume [6] - The company is expanding into the liquid calcium market and developing new de-icing agents, with liquid calcium having a higher gross margin than solid calcium chloride [7][8] Project Updates - The Zhang Ying gas storage facility has commenced operations, with plans to inject 190 million cubic meters of base gas in 2025, of which 144 million cubic meters have been completed [12] - The project is expected to be completed by the end of the year, with a signed contract for 200 million cubic meters of working gas, anticipating over 100 million yuan in revenue and approximately 10 million yuan in profit [14] Future Projects and Capacity Expansion - The company plans to construct additional gas storage projects, including the Huai'an 10 billion cubic meter storage project and the Yanghuai mining area storage project, targeting a total capacity of 5 billion cubic meters by 2030 [4][22][23] - The Zhang Ying storage facility is strategically located in a high-demand area, with Jiangsu's natural gas consumption projected at 40 billion cubic meters in 2024 [4][17] Revenue and Cost Structure - The revenue model includes injection fees, extraction fees, and storage fees, with expected annual income from the working gas contract exceeding 100 million yuan [14] - The cost of natural gas storage is approximately 0.65 yuan per cubic meter, with downstream customers able to bear the pricing [26] Research and Development - R&D expenses are typically higher in the second quarter due to project initiation timelines, with overall annual R&D costs remaining stable [30] Investment and Returns - The investment in the compressed air energy storage project is expected to yield returns reflected in next year's financial statements, with projected annual equity investment returns of approximately 70 million yuan [31] Conclusion - Su Yan Jing Shen is positioned to enhance its market presence and profitability through strategic projects, diversification of product offerings, and a focus on innovative energy storage solutions, despite facing challenges in sales and profit margins.

Core Viewpoint - Su Yan Jingshen is facing market challenges but is implementing lean management and technological improvements to enhance efficiency and reduce costs, while also focusing on the development of new growth areas in the salt cavern comprehensive utilization industry. Financial Performance - In the first half of 2025, the company achieved total revenue of 2.358 billion yuan and a net profit of 344 million yuan, with basic earnings per share of 0.44 yuan [1] - The total profit decreased by 28.40% year-on-year to 416 million yuan, while the net cash flow from operating activities was 156 million yuan [1] - The total assets reached 9.990 billion yuan, with accounts receivable amounting to 328 million yuan [1] Cost Management and Efficiency - The company reduced maintenance costs by 31.96 million yuan and saved 1.59 million yuan in electricity costs through optimization of boiler desulfurization pump operations [1] - The average procurement prices for coal, coke, and stone decreased by 17.3%, 24.32%, and 16.73% respectively [1] - The cost per ton of products from the subsidiary Ruihong Salt Industry decreased by 27.41 yuan year-on-year [1] Strategic Development - Su Yan Jingshen is actively promoting the salt cavern comprehensive utilization industry, with significant mining rights in Huai'an, including the Yanghuai salt mine with over 3 billion tons of reserves [2] - The Zhangxing gas storage project has commenced production, with a cumulative injection of 34.35 million cubic meters of gas [2] - The company is collaborating with Jiangsu Guoxin to build a 600MW salt cavern compressed air energy storage project, expected to be operational by July 2025 [2] Innovation and R&D - The company is committed to technological innovation, with multiple provincial-level R&D platforms and ongoing applications for high-tech enterprise recognition and provincial key laboratory establishment [2] - New product developments include five types of refined rock salt and instant snowflake salt, along with several technological achievements [2] - The company has filed 13 patent applications and received 21 patents, focusing on key technologies for salt cavern hydrogen and helium storage [2] Future Outlook - Over the next 3 to 5 years, the company aims to become a new manufacturing and renewable energy enterprise, with a projected net profit exceeding 3 billion yuan [3] - Plans include increasing salt chemical product capacity to over 10 million tons and developing a gas storage capacity of 10 billion cubic meters [3] - The Zhangxing gas storage project is expected to be fully completed by 2026, with a total design capacity of 3.126 billion cubic meters by 2030 [3] - The company has unveiled a technology center for original technology in salt cavern gas storage, addressing global challenges in constructing large gas storage facilities [3]

Core Viewpoint - Jiangsu Suyan Jingshen Co., Ltd. reported a significant decline in revenue and profit for the first half of 2025, attributed to decreased sales prices and increased operational costs in the salt and chemical industries [2][3]. Company Overview and Financial Indicators - The company generated operating revenue of approximately CNY 2.36 billion, a decrease of 16.56% compared to the same period last year [2]. - Total profit amounted to CNY 415.73 million, down 28.40% year-on-year [2]. - Net profit attributable to shareholders was CNY 344.21 million, reflecting a decline of 28.51% [2]. - The net cash flow from operating activities dropped significantly by 81.03% to CNY 155.65 million [2]. Industry Analysis Salt Industry - The salt industry in China is characterized by intense competition with a fragmented market structure [3]. - The industry is evolving towards higher concentration, innovation, and green transformation, with larger companies consolidating their advantages through capacity integration and technological innovation [3]. - Future trends indicate a shift towards high-end and health-oriented products, with significant implications for market dynamics and competition [3]. Soda Ash Industry - The soda ash market is expected to face price declines, with an oversupply situation becoming the norm [3]. - The industry is witnessing a shift towards natural soda production due to its cost advantages, which may lead to the exit of less efficient production methods [3]. - Companies with natural soda resources and innovative capabilities are likely to emerge as winners in this competitive landscape [3]. Salt Cavern Utilization Industry - The salt cavern utilization sector is transitioning towards commercialization, focusing on energy storage and resource recycling [3]. - This sector is expected to play a crucial role in supporting carbon neutrality goals, with companies that possess resource control and technological capabilities likely to lead the market [3]. Operational Performance - The company produced 4.72 million tons of salt and related products, marking a year-on-year increase of 6.78% [3]. - The company implemented cost reduction and efficiency improvement measures, resulting in a significant decrease in maintenance costs [3]. - Key projects in traditional and emerging industries are progressing, including the completion of multiple project approvals and the commencement of gas storage operations [3]. Competitive Advantages - The company holds a leading position in salt production capacity in China, supported by a robust resource base and innovative technologies [6]. - It benefits from a strategic location in the economically developed Yangtze River Delta, facilitating efficient logistics and market access [7]. - The company emphasizes technological innovation, with several research collaborations and a strong patent portfolio [8].

Core Viewpoint - Jiangsu Suyuan Jingshen Co., Ltd. reported a decline in revenue and profit for the first half of 2025 compared to the previous year, indicating potential challenges in the company's financial performance [1]. Financial Summary - Total assets at the end of the reporting period reached approximately 9.99 billion RMB, an increase of 1.77% from the end of the previous year [1]. - Operating revenue for the reporting period was approximately 2.36 billion RMB, reflecting a decrease of 16.56% compared to the same period last year [1]. - Total profit amounted to approximately 415.73 million RMB, down 28.40% year-on-year [1]. - Net profit attributable to shareholders was approximately 269.95 million RMB, a decline of 40.64% compared to the previous year [1]. - The net cash flow from operating activities was not specified in the provided data [1]. Shareholder Information - The top ten shareholders include Jiangsu Salt Industry Group Co., Ltd. with a holding of 1.48% and 11,537,450 shares, and other notable shareholders such as Jiangsu Huachang Chemical Co., Ltd. and Yuan Fengliu [2]. - There are no disclosed relationships or concerted actions among the major shareholders [2].

Group 1 - The board of directors of Jiangsu Suyuan Jingshen Co., Ltd. held its third meeting of the sixth session on August 25, 2025, with all nine directors participating in the voting process [1][1][1] - The meeting was legally convened and conducted in accordance with relevant regulations, including the Company Law and the company's articles of association [1][1][1] - The board approved the "Quality Improvement and Efficiency Enhancement Return Action Plan" for 2025, with unanimous support from all directors [1][1][1] Group 2 - The board also approved the transfer of cavern-related assets to the controlling subsidiary Jiangsu Guoneng Petroleum and Natural Gas Co., Ltd. for an assessed amount of 567.7575 million yuan, with all directors voting in favor [1][1][1]

Group 1 - The core opinion of the article is that the legal opinion letter confirms the legality and validity of the procedures, qualifications, and voting results of the 2025 Second Extraordinary General Meeting of Jiangsu Suyuan Jingshen Co., Ltd [1][16] Group 2 - The meeting was convened by the company's board of directors, with a notice published on August 9, 2025, detailing the meeting's time, location, and voting procedures [2][3] - A total of 630 shareholders and their proxies attended the meeting, representing 598,790,101 shares, which is 76.6051% of the total shares [3][4] - The meeting was presided over by the chairman, Mr. Wu Xufeng, and the procedures followed legal and regulatory requirements [3][16] Group 3 - The voting process combined on-site and online voting, with results confirmed by the Shanghai Stock Exchange's information network [5][16] - Various proposals were voted on, including the issuance of A-shares to specific targets, with significant support from shareholders [6][11] - The voting results showed a high level of agreement on the proposals, with approval rates generally above 90% for most resolutions [7][10][15]

Meeting Overview - The shareholders' meeting of Jiangsu Suyuan Jingshen Co., Ltd. was held on August 25, 2025, at the company's headquarters in Huai'an, Jiangsu Province [1] - The meeting was attended by shareholders representing 76.6051% of the total shares [1] - The meeting was legally convened and conducted in accordance with the Company Law and the company's articles of association, with legal opinions provided by Guohao Law Firm [1][5] Voting Results - All non-cumulative voting proposals were approved, with significant support from shareholders [2][3][4] - For the first proposal, 101,029,894 votes (91.5563%) were in favor, while 7,132,667 votes (6.4638%) were against [2] - The voting results for subsequent proposals showed a consistent majority, with approval rates ranging from 91.3198% to 93.6900% across various proposals [3][4] Related Transactions - Several proposals involved related party transactions, with Jiangsu Salt Industry Group Co., Ltd. abstaining from voting due to its significant shareholding [5] - All proposals requiring special resolutions received more than two-thirds approval from the attending shareholders [5] Legal Compliance - The meeting's procedures, including the voting methods and results, were confirmed to be in compliance with relevant laws and regulations [5][6]

2024年1至12月份，苏盐井神的营业收入构成为：盐及盐化工占比90.65%，其他业务占比9.35%。 （记者 张喜威） 截至发稿，苏盐井神市值为92亿元。 每经AI快讯，苏盐井神（SH 603299，收盘价：11.77元）8月25日晚间发布公告称，公司第六届第三次 董事会会议于2025年8月25日在公司以现场会议及通讯表决相结合的方式召开。会议审议了《关于处置 并核销低效或无效资产的议案》等文件。 每经头条（nbdtoutiao）——A股成交连续8天破2万亿元，券商招聘也来了！行业巨头秋招"求才"，25个 岗位都有什么特点？ ...

格隆汇8月25日丨苏盐井神(603299.SH)发布中报，2025上半年实现营业总收入23.58亿元，同比下降 16.56%；归属母公司股东净利润3.44亿元，同比下降28.51%；基本每股收益为0.4404元。 ...

二、主要产品和原材料的价格变动情况 证券代码：603299 证券简称：苏盐井神 公告编号：2025-041 江苏苏盐井神股份有限公司 2025 年上半年主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 江苏苏盐井神股份有限公司（以下简称"公司"）根据《上海证券交易所上 市公司自律监管指引第 3 号—行业信息披露第十三号—化工》有关规定，现将 2025 年上半年主要经营数据披露如下： | 主要产品 | 产量（吨） | | 销量（吨） | | 营业收入 | | --- | --- | --- | --- | --- | --- | | | | | | | （万元） | | | 报告期 | 同期 | 报告期 | 同期 | | | 盐类产品 | 4,173,315.69 | 3,868,064.99 | 4,010,639.99 | 3,965,746.59 | 144,758.38 | | 碱类产品 | 380,002.45 | 379,915.17 | 367,106.77 | 383,266.06 | 47,27 ...