JIANGNAN CHEMICAL(SZ:002226) Zheng Quan Shi Bao Wang·2025-09-02 12:55Core Viewpoint - Jiangnan Chemical is actively engaging with investors to showcase its strategic plans for high-quality development, focusing on operational performance, capacity layout, capital operations, and internationalization strategies [2]. Group 1: Operational Performance and Market Strategy - In the first half of 2025, Jiangnan Chemical reported a total of 6.238 billion yuan in newly signed or executed blasting service contracts, including 18 major contracts exceeding 100 million yuan each, highlighting its competitive edge in the civil explosives industry [3]. - The company aims to enhance project execution and increase project acquisition capabilities, particularly by strengthening partnerships with large mining and state-owned enterprises to secure more major infrastructure blasting projects [3]. Group 2: Capacity Expansion and Regional Focus - Jiangnan Chemical is focusing on expanding its capacity in resource-rich regions, particularly in Xinjiang, where it has reached a production capacity of 207,500 tons as of June 2025, with multiple production points strategically located to meet local demand [4]. - The company has established three subsidiaries in Tibet since 2025 to further enhance its regional service network and is committed to updating its key project list to capitalize on local mining and infrastructure opportunities [4]. Group 3: Capital Operations and Industry Integration - Jiangnan Chemical is entering a critical strategic phase, with commitments from its controlling shareholder to inject civil explosive assets into the company within 60 months, which will resolve industry competition issues and optimize resource allocation [7]. - The company is actively pursuing mergers and acquisitions to accelerate industry consolidation, having made significant progress in acquiring Hubei Dongshen Chutian Chemical and Sichuan Ebian Guochang Chemical projects in the first half of 2025 [7]. Group 4: Internationalization and Growth - Jiangnan Chemical is implementing a "going out" strategy, focusing on expanding its international business along the Belt and Road Initiative, achieving 600 million yuan in overseas revenue in the first half of 2025, a 20.16% increase year-on-year [9]. - The company is concentrating on resource-rich countries along the Belt and Road, with ongoing projects in Namibia, the Democratic Republic of the Congo, and Serbia, leveraging its comprehensive service capabilities to support clients and national resource strategies [9]. Group 5: Future Outlook and Strategic Planning - Jiangnan Chemical is preparing for future industry trends, addressing pressures from safety production requirements and capacity optimization while seizing opportunities from the Belt and Road Initiative and industry consolidation [10]. - The company has outlined a clear development strategy focusing on enhancing project acquisition, accelerating high-quality mergers and acquisitions, expanding international business, and investing in technological innovation to support its growth and align with national strategies [10].