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东华科技(002140) - 002140东华科技投资者关系管理信息20250915
2025-09-15 08:52
Company Overview - Donghua Engineering Technology Co., Ltd. is a state-controlled comprehensive engineering company, originating from the Third Design Institute of Chemical Industry, under the China Chemical Engineering Group Corporation [2] - The company focuses on engineering and industrial businesses, with core areas in chemical engineering, environmental governance, and infrastructure [2] Business Strategy - The company adopts a "one basic plate + three verticals and three horizontals" strategy, aiming to become a "100 billion Donghua" by 2025 [2] - The "three new" industries (new materials, new energy, new environmental protection) account for over 40% of the company's overall business [2][3] Market Opportunities - The chemical industry is crucial for national economic stability, with increasing demands for green and low-carbon development [3] - The company has expanded its overseas business to regions along the Belt and Road, including South America, Africa, and Southeast Asia [3][4] Order and Revenue - As of June 2025, the company has signed uncompleted orders totaling 51.3 billion yuan, primarily in coal chemical, new chemical materials, green energy, and industrial environmental protection [6] - The project gross profit margin remains stable at 8%-15%, influenced by project type and market competition [7] Key Projects - The biomass gasification project is in the pilot construction phase, expected to achieve mechanical completion in Q4 2025, aligning with national circular economy policies [8] - The company is actively pursuing green energy projects, including wind and solar hydrogen production [5] Shareholder Returns - The company has maintained a cash dividend payout ratio of over 30% for the past three years, distributing 106 million yuan in cash dividends in 2024 [9] - A stock incentive plan was fully implemented in 2019, benefiting 165 employees and contributing to business growth [9]