Group 1: Company Overview and Financial Performance - Xinghui Environmental Materials Co., Ltd. reported a revenue of ¥1,596,301,667 in 2023, with a net profit of ¥8,121,032.22, although the growth rates for these figures were not specified [7]. - The company has a total share capital of 188,331,181 shares and plans to distribute a cash dividend of ¥2.00 per 10 shares, totaling ¥37,666,236.20, pending shareholder approval [8]. Group 2: Product Applications and Market Strategy - The main product, polystyrene, is widely used in electronics, toys, daily plastic products, packaging, construction materials, and medical devices [2]. - The company aims to expand its market presence by enhancing product development and exploring export opportunities in Southeast Asia and Africa [8]. Group 3: Cost Management and Production Technology - To manage raw material cost fluctuations, the company has established a styrene price tracking system to monitor price changes and maintain reasonable inventory levels [3][7]. - The company has developed proprietary production technologies for polystyrene, achieving international advanced levels and winning multiple awards, including 27 patents [3]. Group 4: Environmental Responsibility and Compliance - The company emphasizes clean production and circular economy strategies, implementing technologies to reduce emissions and enhance energy recycling [6]. - Environmental protection facilities have been installed to ensure compliance with environmental standards during production processes [6]. Group 5: Competitive Position and Future Directions - As the largest polystyrene producer in South China, the company has established significant competitive advantages in production technology and market presence [4]. - Future strategies include expanding into other synthetic resin fields and pursuing mergers and acquisitions to enhance profitability and sustainable development [6][8].
星辉环材(300834) - 2024年5月17日投资者关系活动记录表