ZJJH(SH:600160) Chang Jiang Shang Bao·2025-06-23 00:48Core Viewpoint - Juhua Co., Ltd. is significantly increasing its investment in renewable energy through its subsidiary, Gansu Juhua New Materials Co., Ltd., by injecting 800 million yuan to enhance the registered capital of Juhua New Energy to 850 million yuan for a 1GW wind power project [1][2]. Group 1: Investment and Strategic Moves - The capital increase is part of Juhua's dual business strategy of "fluorine chemicals + renewable energy," aimed at creating new profit growth points and enhancing the green electricity ratio in production [2][3]. - The total investment for the wind power project is 3.737 billion yuan, with an expected profit of 3.419 billion yuan over a 20-year operational period [2]. - The company aims to optimize its industrial layout and seize opportunities in the fourth-generation refrigerants and high-end fluorinated polymers market [2][3]. Group 2: Financial Performance - In Q1 2025, Juhua reported a revenue of 5.8 billion yuan, a year-on-year increase of 6.05%, and a net profit of 809 million yuan, up 160.64% [1][5]. - For the year 2024, Juhua achieved total revenue of 24.462 billion yuan, a growth of 18.43%, and a net profit of 1.96 billion yuan, increasing by 107.69% [4][5]. - The company plans to invest 7.726 billion yuan in 31 fixed asset projects in 2025, focusing on high-performance fluorinated materials and fine chemicals [5]. Group 3: Research and Development - Juhua has been increasing its R&D investment, with expenditures rising from 459 million yuan in 2020 to 1.054 billion yuan in 2024, reflecting a commitment to innovation [5]. - As of the end of 2024, Juhua holds 751 authorized technology patents, including 515 invention patents and 50 foreign patents [5].