XINXIANG CHEMICAL(SZ:000949)2025-06-19 06:30Group 1: Company Overview and Strategy - In 2024, the company focused on strengthening its core business and extending its industry through project construction, aiming for industrial upgrades and green low-carbon transformation [2] - The company completed a specific issuance of shares and enhanced research in bio-based chemical fibers and raw materials [2] - Production and operational stability were maintained, with project construction progressing as planned [2] Group 2: Production and Financial Performance - In 2024, the company produced 96,368 tons of bio-based cellulose filament and 183,212 tons of spandex fiber [3] - The total revenue for the year reached 736,577.45 million yuan, with a net profit attributable to shareholders of 24,555.25 million yuan [3] Group 3: Industry Trends - Spandex Fiber - China is the largest producer and consumer of spandex, with a domestic production capacity of approximately 1.37 million tons in 2024 [4] - The spandex industry is experiencing growth in both supply and demand, with an improved competitive environment despite price adjustments due to raw material fluctuations [4] Group 4: Industry Trends - Bio-based Cellulose Filament - China is the largest producer of bio-based cellulose filament, with a total production capacity of about 250,000 tons in 2024 [5] - The industry is consolidating, with leading companies like Xinxiang Chemical Fiber maintaining a competitive edge in production capacity and product quality [5] - The overall demand for bio-based cellulose filament is increasing, influenced by new consumption trends [5] Group 5: Other Developments - The company's subsidiary, Xinxiang Mycelium New Materials Technology Co., is progressing with its mycelium biomass fiber project according to the planned schedule [6]