北化股份(002246) - 2024年11月22日投资者关系活动记录表

Group 1: Company Overview - North Chemical Industry Co., Ltd. was established in August 2002 and listed on the Shenzhen Stock Exchange in June 2008, being a subsidiary of China Ordnance Industry Group [1] - The company is headquartered in Luzhou, Sichuan, and operates in three main industries: cellulose and its derivatives, special industrial pumps, and chemical defense and environmental protection [1] Group 2: Production Capacity and Operations - The company has a nitrated cotton production capacity of 30,000 tons per year, with the production line located in Luzhou after the shutdown of the Xi'an production line [2][3] - The Xi'an production line was closed due to safety concerns, production costs, and limited future development space [3] Group 3: Future Plans and Market Outlook - Plans for future capacity expansion include upgrading the Luzhou production line for automation and implementing a green intelligent casting production line project for special industrial pumps with a capacity of 7,500 tons per year [3] - The downstream market demand for nitrated cotton products, primarily used in coatings and inks, is stable, and production is organized based on user demand and actual production line conditions [3] Group 4: Financial Performance and Projections - The company's total profit decreased year-on-year in the third quarter due to the return of overpaid amounts for special orders [4] - The gross profit margin for nitrated cotton products is expected to be detailed in the 2024 semi-annual report, with future margins dependent on market demand [4] - In 2023, the company generated over 300 million in foreign revenue, including nitrated cotton products, special industrial pumps, and a small amount from chemical defense and environmental protection products [4] Group 5: Research and Development Focus - The company's R&D investments focus on product process technology, expansion of raw material categories, application research, production line automation upgrades, and smart manufacturing capabilities [4]