SOPO(SH:600746) Zheng Quan Zhi Xing·2025-06-25 10:13Core Viewpoint - Jiangsu Sop (600746) is actively engaging in industry research and development, focusing on cost reduction and environmental sustainability in its acetic acid and derivative products, while also expanding its production capacity through strategic projects like the acetic acid vinyl project. Group 1: Company Operations - The company has an annual methanol production capacity of 690,000 tons, primarily for internal use as acetic acid raw material, with no current hedging activities in place [2] - The acetic acid vinyl project is a significant extension of the company's acetic acid industry chain, with an expected annual consumption of approximately 238,000 tons of acetic acid upon reaching full production [3] Group 2: Cost Reduction and Technological Innovation - The company is implementing continuous technological upgrades to enhance equipment and process efficiency, with a focus on energy-saving and emission-reduction technologies [3] - The company collaborates with universities for research and development, leveraging external expertise for significant technological improvements [4] Group 3: Environmental Commitment - Jiangsu Sop has been recognized as a national "Green Factory" and a provincial "Intelligent Manufacturing Demonstration Workshop," reflecting its commitment to environmental standards and sustainable practices [5] - The company invested approximately 84.21 million yuan in environmental enhancement projects for 2024, significantly reducing emissions below government-approved levels [5] Group 4: Financial Performance - In Q1 2025, the company reported a main revenue of 1.615 billion yuan, a year-on-year increase of 7.45%, and a net profit attributable to shareholders of 57.08 million yuan, up 121.16% year-on-year [6] - The company's net profit excluding non-recurring items reached 57.02 million yuan, reflecting a 142.25% increase compared to the previous year [6]