Luxi Chemical(000830)2024-09-12 09:37Financial Performance - The company's net profit for the first half of 2024 increased by 503.72% year-on-year, driven by growth in production and sales volume, as well as favorable market prices and reduced raw material costs [1] - The revenue from fertilizer products accounted for 10.34% of total revenue in the first half of 2024, slightly up from 10.26% in 2023 [2] Environmental and Social Responsibility - The company has established an annual HSE expenditure budget to ensure adequate investment in safety, environmental protection, and energy conservation [2] - Ongoing projects include the expansion of zero wastewater discharge facilities, aimed at building a waste-free park [2] Market Strategy - The company employs a unified pricing strategy for domestic and international markets, with approximately 6% of sales coming from export business in the first half of 2024 [2] - The company utilizes the "LUXI Mall" e-commerce platform for product sales, ensuring fair and transparent sales practices [2] Project Development - The caprolactam and nylon 6 project has recently commenced production, while the 400,000 tons/year silicone project is ready for trial operation [2] - The hydrogen peroxide production line has resumed operations, which will help reduce production costs for downstream products [2] Corporate Governance - The board and supervisory board elections were conducted according to regulations, with new members expected to take office after approval at the upcoming shareholders' meeting [3] - As of the end of the reporting period, the company had 91,794 shareholders [3] Operational Management - The company maintains a "zero inventory" policy for products and reasonable inventory for raw materials, focusing on operational quality and efficiency [3] - Integrated management across procurement, production, sales, logistics, and finance is emphasized to maximize value across the industrial chain [3]