MPCSH(SZ:000637)2024-09-13 03:44Group 1: Investor Relations Activities - The company held an earnings briefing on September 12, 2024, via an online platform [1] - Key personnel present included Chairman Wang Zhihua, General Manager Long Qilong, and CFO Chen Hairong [1] Group 2: Key Investor Questions and Responses - Investors inquired about the potential reduction in hydrogen costs for the hydrogen peroxide project, with the company actively seeking quality and affordable hydrogen resources [1] - Concerns were raised regarding the company's stock price performance and whether there are plans for share buybacks to boost market confidence [1] - The company emphasized that stock price is influenced by various factors, but long-term improvements in production and performance are essential [1] Group 3: Corporate Governance and Management - Following changes in major shareholders, the company has restructured its board and management team to enhance governance and operational efficiency [2] - The company is committed to improving investor relations and responding to investor concerns with strong performance [2] Group 4: Market and Operational Insights - The company noted that a decline in international crude oil prices would lower raw material procurement costs [2] - The ethylene quality enhancement project is expected to strengthen the regional chemical industry and improve the company's competitive edge [2] - The company has no pledged shares, indicating a stable financial position [2] Group 5: Leadership and Stock Performance - There is a close relationship between stock price and leadership effectiveness, with good leadership being crucial for the company's development [3]