SOPO(SH:600746) Zheng Quan Zhi Xing·2025-05-12 09:12Summary of Key Points Core Viewpoint - Jiangsu Sop Chemical Co., Ltd. held an online meeting to discuss its performance for 2024 and the first quarter of 2025, highlighting significant increases in production and sales of key products, particularly methanol and acetic acid, while addressing investor concerns regarding market competition and pricing pressures in the acetic acid industry [1][2]. Group 1: Company Performance - For the year 2024, the company expects a substantial increase in production and sales volumes of its main products, with methanol production projected to grow significantly year-on-year [1]. - The company anticipates achieving approximately 6.403 billion yuan in revenue and a net profit of around 213 million yuan for the year [1]. - The acetic acid production capacity has been enhanced due to the completion of the "Acetic Acid Gasification Technology Improvement Project" at the end of 2023, ensuring stable production and increased capacity [1]. Group 2: Industry Outlook - The acetic acid industry is expected to see significant growth driven by increased domestic PTA production, acetic acid ethylene production, and exports, although the market will face intense competition and declining prices [2]. - The company plans to focus on extending the acetic acid industrial chain and developing new materials, emphasizing research on downstream derivatives and technological upgrades to improve efficiency and safety [2]. Group 3: Shareholder Returns - The company is committed to shareholder returns, proposing a cash dividend of 0.5 yuan per 10 shares (before tax) for the year 2024, which will be implemented promptly after approval at the shareholders' meeting [2].