JIANGNAN CHEMICAL(002226) 证券时报网·2024-10-27 11:43Financial Performance - The company achieved a revenue of 2.249 billion yuan in Q3 2024, a year-on-year increase of 10.35%, and a net profit attributable to the parent company of 332 million yuan, a year-on-year increase of 73.83% [1] - The gross profit margin for Q3 2024 increased by 5.08 percentage points year-on-year to 36.43%, reaching a three-year high [1] Project Contracts and Market Expansion - The company signed 14 new and renewed engineering projects in Q3 2024, with a total contract value of 1.618 billion yuan, covering areas such as pumped-storage power station construction, mine construction, and integrated blasting services [1] - In the mining sector, the company signed 11 new and renewed projects, including 7 new contracts, with notable projects in Anhui and Xinjiang markets [1] - The company secured contracts for pumped-storage power station projects in Anhui, Fujian, and Shaanxi, with a total contract value of nearly 150 million yuan, contributing to the development of new energy and clean energy storage [1] ESG and Corporate Responsibility - The company was awarded the ESG Top 100 of Chinese Listed Companies, marking its first third-party ESG recognition [1] - The company's Wind ESG score ranks 20th in the basic chemical industry, and its corporate governance ESG score ranks first [1] - The company integrated ESG concepts into its strategy, R&D, production, and daily operations, demonstrating its commitment to social responsibility in national infrastructure projects [2] R&D and Safety Investments - The company's R&D expenses for the first three quarters of 2024 reached 210 million yuan, a year-on-year increase of 24.77% [2] - The company invested in the "Human-Machine-Black" production line project, with the balance of construction in progress reaching 345 million yuan by the end of September 2024, a 42.79% increase from the beginning of the year [2] Acquisitions and Market Integration - The company completed the acquisition of 70% equity in Chaoyang Hongshan Chemical Co., Ltd., expanding its presence in the Northeast blasting market [2] - The company increased its stake in Xinjiang Tianhe Chemical Co., Ltd. to 89.6176%, enhancing its control over the subsidiary [2] - The company announced plans to acquire 35.9721% of Shaanxi Hongqi Explosive Group Co., Ltd., which has passed the State Administration for Market Regulation's antitrust review [3] - The acquisition of Hongqi Explosive is expected to increase the company's industrial explosive production capacity by 114,000 tons/year, with total capacity potentially exceeding 700,000 tons [3] - The acquisition will strengthen the company's competitive position in the Shaanxi and Northwest markets and enhance its influence in Central Asia [3] Industry Trends and Strategic Positioning - The company is actively promoting the integration of blasting assets, combining industrial and financial capital to create value and achieve state-owned asset preservation and appreciation [3] - The company is positioned to benefit from the Western Development Strategy, with potential growth in the blasting industry [1]