Core Viewpoint - The company is experiencing a decline in performance due to falling prices of key raw materials, which has led to a decrease in both revenue and net profit. However, it is implementing strategic projects to ensure long-term stability and competitiveness in the market [2]. Group 1: Performance Decline and Outlook - The company's performance is declining primarily due to the continuous drop in prices of key raw materials, specifically piperazine and ethylenediamine, which has resulted in lower sales prices and a corresponding decrease in revenue [2]. - The company has a project in Anhui with an annual capacity of 8,800 tons of piperazine products, aimed at ensuring stable supply of raw materials when prices rise or supply is short, thus maintaining competitive advantage [2]. Group 2: Investment Projects Progress and Applications - The company has completed trial production of a project with an annual capacity of 10,000 tons of 40% piperazine-1,4-dithiocarbamate, which is now in the market promotion phase, targeting applications in heavy metal pollution treatment [3]. - Another project, producing 2,000 tons of pentamethyldiethylenetriamine, has successfully completed trial production and is now operational, primarily serving the polyurethane foaming agent sector [3]. Group 3: CCUS Project Introduction - The CCUS project focuses on carbon capture, utilization, and storage, aiming to reduce carbon emissions by capturing CO2 produced during industrial processes [4]. - The company is collaborating with Tsinghua University's Environmental College to develop piperazine-based absorbents for carbon capture, leveraging both parties' strengths in environmental technology and engineering applications [4]. Group 4: Guangxi Qinzhuo Ethylenediamine Project Advantages - The company is investing 800 million yuan in a joint venture in Guangxi to establish a subsidiary focused on ethylenediamine production, utilizing a different production method to create high-value amine products [5]. - The location in Qinzhuo is strategic due to proximity to large petrochemical enterprises, which helps reduce raw material procurement and transportation costs, while also facilitating the sale of by-products [5].
调研速递|绍兴兴欣新材接受华泰柏瑞等5家机构调研，聚焦业绩与项目进展