Core Insights - The project for the construction and implementation of a digital delivery platform for Fujian Haichen Chemical Co., Ltd. has officially commenced, with a focus on producing 400,000 tons of adiponitrile annually [1][2] - The project aims to integrate engineering digital delivery and intelligent factory operations, laying a solid foundation for Haichen Chemical's digital transformation and "smart upgrade and digital transformation" goals [2] Group 1 - The meeting reached a consensus on the project's overall objectives, implementation scope, key milestones, responsibilities, and management requirements [1] - The Tianchen Company's digital center team will leverage its expertise in engineering digitalization to ensure high-quality project delivery and establish a data foundation for a smart factory [1] - The project marks the official implementation phase, highlighting Tianchen Company's enhanced "T+EPC" full-chain service capabilities in the petrochemical industry's digital delivery management [1] Group 2 - The Haichen Chemical project is a key construction project in Fujian Province, with the digital delivery platform being a crucial component of its digital construction [2] - Tianchen Company aims to closely collaborate with Haichen Chemical and other participating units to fully utilize its engineering experience, digital technology, management systems, and talent advantages [1] - The company is committed to enhancing the brand influence of China Chemical in the field of engineering digitalization [1]

Group 1: Company Performance and Strategy - The company plans to enhance project management and budget management to improve performance and ensure growth in 2025 [1] - In 2024, the company signed new orders worth 1.06 billion yuan, a decrease compared to the previous year [30] - The company aims to strengthen its market presence in the Middle East and Central Asia while exploring high-potential markets [13] Group 2: Carbon Neutrality and Environmental Initiatives - The company is involved in a carbon capture and utilization project that can reduce CO2 emissions by approximately 180,000 tons annually [2] - The company has launched its first offshore carbon capture project in South China, contributing to its carbon neutrality goals [2] - The company is committed to developing CCUS technology and expanding its applications to enhance its competitive edge in this field [2][9] Group 3: Financial Management and Market Response - The company implemented a share buyback program from April to December 2024 to manage its market value [3] - The company's revenue and net profit showed fluctuations in 2024 due to a decrease in new orders and project delays caused by unforeseen factors [5] - The company maintains a reasonable debt-to-asset ratio within the industry and has plans to ensure stable cash flow [29] Group 4: Technological Advancements and R&D - The company is focusing on smart oilfield and digital twin technologies to optimize production and reduce risks [4] - The company has developed a cloud-based IoT platform to enhance service quality and reduce implementation costs [14] - The company is actively investing in R&D for new materials and intelligent engineering to improve its competitive position [14] Group 5: Governance and Investor Relations - The company emphasizes transparency and compliance with regulations to protect shareholder interests [5] - The management is aware of the stock price and is taking measures to boost investor confidence [3] - The company has established a market management system to enhance investor relations and communication [3]