本次设立分公司基于以下考虑：一是有利于提升对华南地区重点客户的服务响应效率与项目实施质量， 保障现有中标合同的顺利履行;二是能够更紧密地贴近华南石化产业市场，把握区域产业升级与绿色发 展机遇，巩固和扩大公司在硫磺回收、化工新材料等领域的竞争优势;三是有助于吸纳本土人才、整合 当地资源，提升本地化服务能力;四是可以与公司现有分支机构形成协同，进一步优化全国市场与服务 网络，支撑公司长远发展战略。 镇海股份（603637）(603637.SH)发布公告，为深化区域市场拓展，完善服务网络布局，保障项目高质 量执行。公司决定设立广东分公司，营业场所：广东省茂名市(具体地址待定)。 ...

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]