Core Viewpoint - China Sanjiang Chemical (02198) has entered into an energy management agreement with Haoxing Energy, which is expected to enhance operational efficiency and expand business relations between the two companies [1] Group 1: Agreement Details - The energy management agreement is set to commence on August 1, 2025, and will last until December 31, 2027, covering a period of approximately two and a half years [1] - Haoxing Energy will provide modifications to the driving motors for circulating pumps and auxiliary cooling equipment for Sanjiang Chemical's sixth-phase ethylene oxide/ethylene glycol production facility, which has an annual output of 1 million tons [1] - Sanjiang Chemical has agreed to pay Haoxing Energy for energy-saving costs based on a profit-sharing model, with annual caps of RMB 12.5 million, RMB 25 million, and RMB 25 million [1] Group 2: Company Operations - Sanjiang Chemical primarily engages in the production and supply of ethylene oxide, ethylene glycol, polypropylene, and surfactants, as well as providing processing services [1] - The establishment of the energy management agreement is anticipated to bring further synergies to both parties involved [1]
中国三江化工(02198)附属与浩星节能订立能源管理协议