NHU(002001) Zheng Quan Shi Bao Wang·2025-05-19 15:23Core Viewpoint - New Hope Liuhe (新和成) plans to expand its scale by participating in a land auction to support its long-term development needs, following a significant increase in its 2024 performance [2][4]. Group 1: Financial Performance - In 2024, New Hope Liuhe achieved a revenue of 21.609 billion yuan, representing a year-on-year increase of 20.91% [2]. - The net profit attributable to shareholders reached 5.868 billion yuan, marking a substantial year-on-year growth of 117.01% [2]. Group 2: Growth Drivers - The growth in performance is attributed to the release of new production capacity for methionine and the recovery of the downstream aquaculture industry, which led to price recovery for key products in the nutrition segment [3]. - The company has actively seized market opportunities, enhancing market share through coordinated production and sales efforts, resulting in increased sales volume and prices for its main products compared to the previous year [3]. Group 3: Strategic Initiatives - New Hope Liuhe is focusing on deepening its product offerings in the flavor and fragrance business, with plans for a new fragrance industrial park in Shandong covering approximately 1,000 acres [3]. - The company is also planning major projects including a new nylon materials project in Tianjin and new projects in flavor and fragrance, as well as PPS new materials [3]. - The auction for land use rights is aimed at establishing a new headquarters in Hangzhou, which will enhance the company's management and R&D capabilities, leveraging the region's favorable business environment and talent resources [4].