【机构调研记录】银华基金调研新乡化纤

Group 1 - Silver Hua Fund recently conducted research on Xinxiang Chemical Fiber (000949), focusing on its development strategy for 2024, which emphasizes strengthening its main business and extending its industry [1] - Xinxiang Chemical Fiber plans to produce 96,368 tons of biomass cellulose filament and 183,212 tons of spandex fiber in 2024, with projected annual revenue of 736,577.45 million yuan and a net profit of 24,555.25 million yuan [1] - The spandex fiber industry is experiencing a dual increase in supply and demand, leading to higher industry concentration, although price declines are influenced by raw material price fluctuations and weak downstream operations [1] Group 2 - The biomass cellulose filament industry is seeing capacity growth, with downstream demand increasing due to consumer trends, resulting in significant profit growth [1] - The industrialization project for mushroom grass biomass cellulose filament is progressing as planned [1]