SHANSHUI TECH.(SZ:301190) Chang Jiang Shang Bao·2025-06-17 23:49Core Viewpoint - The company, Shan Shui Technology, is accelerating its industrial scale expansion by signing an investment framework agreement with the Pengze County government to invest approximately 6 billion yuan in a new chemical materials project, which is expected to generate an annual output value of 8 billion yuan and tax revenue of 500 million yuan after completion [1][2]. Group 1: Investment and Project Details - The investment project will be located in the Qishan Industrial Park and will cover an area of about 1,000 acres, focusing on the production of new chemical materials [2]. - The project has an estimated construction period of 4 years, with the aim of enhancing the company's overall competitiveness and expanding its industrial scale [2]. - The agreement encourages the company to collaborate with other capable listed companies for joint investment in the project [1][2]. Group 2: Financial Performance and R&D Investment - In 2024, the company reported a revenue of 505 million yuan, a year-on-year increase of 1.88%, and a net profit of 52.95 million yuan, reflecting a significant growth of 151.51% [5]. - The company's operating costs for 2024 were 370 million yuan, up 16.47% from the previous year, primarily due to increased sales of chlorinated pyridine products [6]. - R&D expenses have consistently increased from 17.99 million yuan in 2021 to 29.00 million yuan in 2024, with year-on-year growth rates of 43.72%, 10%, 30.86%, and 11.94% respectively [7][8]. Group 3: Workforce and Future Plans - As of the end of 2024, the company employed 84 R&D personnel, a 44.83% increase from the previous year, representing 11.88% of the total workforce [9]. - The company plans to continue focusing on technological innovation, safe production, and green environmental practices while managing production operations and investment projects effectively [9].