Core Viewpoint - Jiangnan Chemical's subsidiary, Hubei Jiangnan Chutian Technology, has been established, reflecting the company's strategic alignment with national policies and collaborative development goals [1] Company Summary - Jiangnan Chutian was registered on August 13, with Jiangnan Chemical and its wholly-owned subsidiary, Northern Explosive Technology, holding a combined 51% stake, making them the controlling shareholders [1] - Hubei Chutian Chemical holds a 49% stake in Jiangnan Chutian, indicating a partnership structure [1] - The establishment of Jiangnan Chutian is seen as a response to the Ministry of Industry and Information Technology's encouragement for the restructuring and integration of civil explosive enterprises across regions and ownership types [1] Industry Summary - The formation of Jiangnan Chutian represents a practical implementation of the national strategy for deepening collaboration between central and local governments [1] - The initiative aims to leverage complementary advantages among stakeholders and pursue a common future, highlighting a strategic layout in the industry [1]