转自：智通财经 【中国化学：自主研发的超高分子量聚乙烯树脂项目可用于锂电池隔膜】智通财经11月27日电，中国化 学在互动平台表示，在锂电池技术上：1.中国化学自主研发的超高分子量聚乙烯（UHMWPE）树脂项 目可应用于锂电池隔膜；2.所属公司在盐湖提锂技术上取得了省级科技进步奖。 在储能方面：1.公司参 与多项储能工程项目，具有丰富的工程经验；2.公司生产的气凝胶产品用于电池热管理和储能系统保温 具有良好的经济效应；3.公司在氢储能、CCUS（碳捕集）技术研发上持续推进。 ...

格隆汇11月27日丨中国化学(601117.SH)在投资者互动平台表示，在锂电池技术上：1.中国化学自主研发 的超高分子量聚乙烯（UHMWPE）树脂项目可应用于锂电池隔膜；2.所属公司在盐湖提锂技术上取得 了省级科技进步奖。 在储能方面：1.公司参与多项储能工程项目，具有丰富的工程经验；2.公司生产的 气凝胶产品用于电池热管理和储能系统保温具有良好的经济效应；3.公司在氢储能、CCUS（碳捕集） 技术研发上持续推进。 ...

Group 1: Employee Structure and Operations - Total number of employees decreased from 4,632 in 2023 to 4,578 in 2024, with production staff dropping from 2,511 to 2,415, indicating a shift in workforce structure due to automation [2][3] - The company does not engage in hazardous waste treatment, focusing instead on solid waste management [2][3] Group 2: Financial Performance and Projections - The environmental segment's operating cost for 2024 is projected at CNY 3.473 billion [4][13] - Revenue from solid waste treatment equipment increased by 11.5% in 2024, but gross margin decreased by 3.4 percentage points [4][5] - Government subsidies accounted for 27% of net profit in 2024, raising concerns about future profitability if subsidy policies change [9][12] Group 3: Customer Concentration and Risk Management - The concentration of major customers (CR5) reached 83% in 2024, with the largest customer representing 58%, highlighting potential dependency risks [6][9] - The company reported that the top five customers accounted for 33.55% of total sales, with the largest customer contributing 11.62% [6][9] Group 4: Cash Flow and Debt Management - Operating cash flow net amount decreased by 2.27% year-on-year, while net profit fell by 16.14% [8][11] - The asset-liability ratio improved to 54.27% in 2024 from 60.57% in the previous year, indicating better financial stability [8][11] - Short-term borrowings decreased by 94.07% from CNY 1.25 billion in 2023 to CNY 740 million in 2024 [7][8] Group 5: Market Position and Competitive Strategy - The company holds a 7%-8% market share in the national waste incineration sector, with plans to enhance competitiveness in high-end equipment [10][12] - Capital expenditures dropped by 31% in 2024, raising questions about future investments in carbon capture technologies [12][13] Group 6: Investment and Future Outlook - The first quarter of 2025 saw a net profit of CNY 282 million, a 42.72% increase compared to the same period last year [14][15] - The company is focused on enhancing operational quality and shareholder returns through strategic investments and market development [14][15]