HUALU-HENGSHENG(600426) 长江商报·2025-05-12 23:33Core Viewpoint - Hualu Hengsheng plans to repurchase shares worth between 200 million and 300 million yuan, reflecting confidence in its value and providing market support [1][2][3] Group 1: Share Repurchase Plan - The company intends to use self-owned or self-raised funds for the share repurchase, with a maximum price of 32.38 yuan per share [2][3] - The repurchase is expected to buy approximately 926.50 million shares at the upper limit and 617.67 million shares at the lower limit, representing 0.44% and 0.29% of total share capital, respectively [3] - Hualu Hengsheng has secured a loan commitment of up to 270 million yuan from China Bank for the repurchase, with a three-year term [3] Group 2: Financial Performance - In 2024, the company achieved revenue of 34.226 billion yuan, a year-on-year increase of 25.55%, and a net profit of 3.903 billion yuan, up 9.14% [5] - The new energy and new materials segment generated revenue of 16.433 billion yuan, accounting for 48.02% of total revenue, and grew by 6.19% [5] - The chemical fertilizer segment contributed 7.297 billion yuan, with a growth of 28.55%, and maintained a high gross margin of 29.9% despite price fluctuations [5] Group 3: Research and Development - From 2020 to 2024, the company invested a total of 4.802 billion yuan in R&D, with annual investments increasing each year [7] - The focus on technological innovation has been crucial for the company to withstand industry cycles [6][7] Group 4: Future Projects - Hualu Hengsheng has several ongoing projects, including the optimization of melamine resin materials and the production of high-end nylon materials, which are expected to enhance production capacity [5]