NHU(SZ:002001) Shang Hai Zheng Quan Bao·2025-04-15 03:58Core Viewpoint - The company, Zhejiang Xinheng Co., Ltd., has reported significant growth in its financial performance for the year 2024, with a revenue increase of 42.95% and a net profit increase of 117.01% compared to the previous year [14][15]. Company Overview - Zhejiang Xinheng Co., Ltd. is a national high-tech enterprise primarily engaged in the production and sales of nutritional products, flavor and fragrance, high polymer materials, and raw pharmaceutical materials. The company focuses on innovation-driven development and has established itself as a leading manufacturer of vitamins and fine chemicals globally [2][3]. Business Segments - Nutritional Products: The company offers a range of products including vitamins, amino acids, and pigments, with applications in feed additives, food additives, and health supplements. The company has been optimizing production processes and developing new high-value products to strengthen its market position [3]. - Flavor and Fragrance: The company produces various flavors and fragrances widely used in personal care, household care, cosmetics, and food industries. It continues to innovate and expand its product offerings to meet market demands [4]. - High Polymer Materials: The focus is on developing high-performance polymers and key intermediates, with applications in automotive, electronics, and industrial sectors. The company has established a complete industrial chain for PPS (polyphenylene sulfide) production [4]. - Raw Pharmaceutical Materials: The company produces a range of raw materials including vitamins and antibiotics, primarily used as active ingredients in pharmaceutical formulations [4]. Financial Highlights - For the year 2024, the company achieved a total revenue of CNY 21.61 billion, a 42.95% increase year-on-year. The net profit attributable to shareholders reached CNY 586.85 million, marking a 117.01% increase from the previous year [14][15]. - The total equity at the end of the reporting period was CNY 29.45 billion, reflecting an 18.16% increase from the beginning of the year [14]. Profit Distribution Plan - The board has proposed a profit distribution plan to distribute a cash dividend of CNY 5.00 per 10 shares (including tax) to all shareholders, totaling CNY 1.54 billion, with the remaining profits to be carried forward to the next year [15][10]. Shareholder Engagement - The company’s controlling shareholder plans to increase its stake in the company by investing between CNY 200 million and CNY 300 million over a six-month period starting from October 26, 2023 [6]. - The fourth employee stock ownership plan was completed, with 29.53 million shares purchased, representing 0.96% of the total share capital [8][9]. Investment Projects - The company has approved an investment cooperation agreement to build a new nylon material project in Tianjin, with a total investment of approximately CNY 10 billion [7].