Shanghai Chemspec Corporation(SH:688602) Zheng Quan Zhi Xing·2025-05-16 09:33Core Viewpoint - The company has developed a "Quality Improvement and Efficiency Enhancement" action plan for 2025 to enhance shareholder satisfaction and maintain social responsibility, focusing on improving operational quality and governance [1][3]. Group 1: Operational Quality Improvement - The company specializes in fine chemicals, focusing on R&D, production, and sales of new materials and CDMO products, with a revenue of 674.81 million yuan in 2024 and a net profit loss of 49.53 million yuan [1]. - The company aims to enhance market development, deepen market demand exploration, and ensure sustainable growth by focusing on core business and improving cost efficiency [1][2]. - The new materials segment will capitalize on the opportunity presented by the sale of LCD panel factories by Japanese and Korean companies, expanding domestic LCD customer bases and developing OLED materials [2]. Group 2: New Production Capacity Development - The company plans to expand from small molecule to large molecule fields in the CDMO segment, including the development of peptide raw materials [2][3]. - Key projects include the 25,500 tons/year battery materials project and the new materials project, aimed at releasing orders and production capacity [2]. Group 3: Governance Improvement - Since its IPO in 2023, the company has been enhancing its governance structure in compliance with relevant laws and regulations, including the revision of its articles of association and the establishment of a public opinion response mechanism [3]. - The company will continue to optimize its governance framework and improve governance effectiveness in 2025 [3]. Group 4: Key Stakeholder Engagement - The company emphasizes the role of key stakeholders in driving high-quality development, ensuring communication with major shareholders and tracking their commitments [4][5]. - A restrictive stock incentive plan was implemented in June 2024 to attract and retain talent, aligning interests among shareholders, the company, and core teams [5]. Group 5: Information Disclosure and Investor Communication - The company is committed to high-quality information disclosure, ensuring timely and accurate reporting to protect investor rights [6]. - It plans to enhance the readability of reports and facilitate investor participation in governance through technology [6]. Group 6: Shareholder Returns and Investment Value - The company has decided not to distribute profits or issue bonus shares for 2024, focusing on balancing performance growth with shareholder returns [6]. - Future considerations for mid-term and multiple dividends will be explored to align with operational needs and sustainable development [6]. Group 7: Action Plan Evaluation - The company will actively implement and evaluate the 2025 action plan biannually, incorporating investor feedback to refine improvement measures [6].