证券日报网讯 2月27日，三维化学在互动平台回答投资者提问时表示，公司在巩固硫磺回收龙头地位的 同时，通过项目实践在氢能、熔盐储能、压缩空气储能等新能源工程领域积累了较为丰富的技术储备和 项目设计、建设、运行全流程的工程化经验，公司通过综合研判政策导向、行业发展趋势、客户资质、 成本收益等要素参与项目建设。后续公司将充分发挥自身优势，支持新能源领域的技术创新、模式创 新，并积极承揽新能源、新材料订单，为相关客户提供优质服务。 （文章来源：证券日报） ...

Core Viewpoint - The company, Zhenhai Co., Ltd. (603637.SH), has announced the establishment of a branch in Guangdong to enhance regional market expansion and improve service network layout, ensuring high-quality project execution [1] Group 1: Strategic Rationale - The establishment of the Guangdong branch aims to improve service response efficiency and project implementation quality for key clients in South China, ensuring the smooth execution of existing contracts [1] - The new branch will allow the company to closely engage with the South China petrochemical market, seizing opportunities related to regional industrial upgrades and green development, thereby consolidating and expanding its competitive advantages in sulfur recovery and new chemical materials [1] - The branch will facilitate the recruitment of local talent and integration of local resources, enhancing the company's localized service capabilities [1] - The new branch is expected to create synergies with existing branches, further optimizing the national market and service network to support the company's long-term development strategy [1]

Group 1: Company Strategy and Innovation - The company focuses on technology innovation and aims to strengthen its core technology advantages in sulfur recovery and other fields while exploring new industries [3] - In 2024, the company applied for 27 patents, including 12 invention patents and 15 utility model patents, enhancing its technological development capabilities [3] - The company plans to develop high-end chemicals and new materials, aiming to become a "value enterprise" with resource efficiency and technological differentiation [3] Group 2: Project Developments and Investments - The company is involved in the "Middle China Nuclear Delingha 50MW Solar Thermal Power Station Project," which is the first large-scale commercial solar thermal power project in China [4] - The total investment for the Luyou L Refining Project is 24.5 billion yuan, with construction expected to take 2 years and 7 months [4] - As of March 31, 2025, the company has signed uncompleted project orders amounting to 167,064.56 million yuan [8] Group 3: Financial Performance and Market Position - The company’s market value is influenced by its profitability and future development potential, with a target market value of 7.5 billion yuan for 2025 [4] - The company has distributed a total cash dividend of 1,225.88 million yuan since its listing, reflecting its commitment to shareholder returns [9] - The first quarter of 2025 saw a slight decline in profits due to fluctuations in chemical product prices, with expectations for improvement in the second quarter [7] Group 4: Future Plans and Market Opportunities - The company is exploring opportunities in cellulose derivatives and related projects, with a planned capacity of 15,000 tons for cellulose acetate and its derivatives [7] - The company is cautious about mergers and acquisitions, focusing on strategic alignment and careful decision-making [10] - The company aims to expand its production capacity for high-value-added products while maintaining a low debt ratio and sufficient cash reserves [10]