SDHT(SH:600308) Zheng Quan Ri Bao Wang·2025-11-14 14:11Core Viewpoint - Huatai Co., Ltd. (600308) emphasizes the importance of its chemical business as a key component of its dual main business layout, which includes both paper and chemicals, contributing over 30% to the company's overall revenue [1] Group 1: Chemical Business Overview - The core products of the chemical segment include caustic soda, liquid chlorine, hydrogen peroxide, propylene oxide, aniline, methyl chloride, and chloroacetic acid [1] - The chemical segment is a significant support for the company's overall business [1] Group 2: Market Dynamics - The exit of inefficient capacity in the chemical industry has led to increased market supply-demand tension, resulting in a recovery in prices for the company's main chemical products from their low points [1] - This price recovery is expected to effectively improve the profitability of these products [1] Group 3: Competitive Advantages - The chemical business possesses advantages such as large-scale production and compliance with environmental regulations [1] - The synergy with the paper business enhances the profitability elasticity during the industry's recovery cycle [1] Group 4: Future Focus - The company plans to continue focusing on the synergistic development of its main businesses, aiming to strengthen the profitability stability of its chemical segment and enhance overall corporate value [1]