zhenhua chemical(SH:603067) Zheng Quan Shi Bao Wang·2026-01-04 13:11Core Viewpoint - Zhenhua Co., Ltd. plans to issue convertible bonds to raise up to 878 million yuan for expanding production capacity and enhancing market competitiveness through various projects [1][2][3] Group 1: Project Details - The company intends to invest 500 million yuan in a project to produce 5,000 tons/year of Vitamin K3 and 74,000 tons/year of chromium green, with 415 million yuan sourced from the bond issuance [1] - A second project involves a total investment of 250 million yuan for producing 500,000 tons/year of sulfuric acid and 50,000 tons/year of chromium powder, with 200 million yuan from the bond proceeds [2] Group 2: Market Position and Performance - Zhenhua Co., Ltd. is the largest global producer of Vitamin K3, and the new project will further solidify its market leadership [1] - The company is the only A-share listed firm focused on chromium chemicals, with significant sales in various industries including engineering electroplating and refractory materials [2] - In the first half of 2025, the company sold approximately 147,000 tons of chromium-related products, a year-on-year increase of about 12% [2] - For the first three quarters of 2025, the company reported revenue of 3.217 billion yuan, a year-on-year growth of 7.47%, and a net profit of 410 million yuan, up 12.56% [3] Group 3: Strategic Initiatives - The company is extending its product line into fine chemicals, focusing on high-purity chromium and its applications in new materials [3] - Zhenhua Co., Ltd. is exploring opportunities in animal nutrition and new efficient flame retardant materials, including a stable operation of a self-built iron-chromium flow energy storage station [3]