SOPO(SH:600746)2024-11-15 09:41Group 1: Performance Overview - The company achieved a revenue of 4.945 billion CNY and a net profit of 207 million CNY in the first three quarters of the year, showing a significant year-on-year growth driven by increased production and sales of acetic acid, cost reductions, and the turnaround of its subsidiary, Sop New Materials [2] - The acetic acid and EVA integration project has completed project initiation and is currently in the process of obtaining necessary approvals and design work for the first phase, which targets an annual capacity of 330,000 tons of acetic acid [1] Group 2: Profitability Measures - In response to low acetic acid prices, the company is implementing a low-cost strategy, focusing on cost reduction, efficiency improvement, safety, environmental enhancements, and smart upgrades to strengthen its acetic acid business [3] - The company’s fundraising project, "Acetic Acid Gasification Process Technology Improvement Project," has been operational since the end of last year, contributing to a significant increase in methanol and acetic acid production in the first nine months of this year [3] Group 3: Investor Relations - The company plans to maintain communication with investors through online performance briefings, the Shanghai Stock Exchange e-interaction platform, and an investor relations email, encouraging investors to engage and visit the company for further discussions [3] - The company has a strong commitment to shareholder returns, having distributed cash dividends exceeding 50% of the net profit attributable to shareholders over the past four years, contingent on meeting dividend conditions [4]