BBJX(BJ:430489)2024-01-29 10:41Group 1: Investor Relations Activity Overview - The investor relations activity took place on January 26, 2024, at the company's conference room [1] - Participating institutions included Kaiyuan Securities, Zheshang Securities, Anxin Securities, Huaxin Securities, and Shanghai Minzhu Investment Management Co., Ltd. [1] - Key company representatives included Chairman Li Duan, General Manager Li Ping, and Secretary of the Board and CFO Wang Jing [2] Group 2: New Product Launch Progress - The company is working on two major projects: a 10,000 tons/year diacid ester project and a 15,000 tons/year biodegradable materials functional additive project, both expected to complete trial production in Q1 2024 and mass production in Q2 2024 [3] - Subsidiary Anhui Jiaxian New Materials Technology Co., Ltd. is advancing a 42,600 tons/year surfactant project and a 15,000 tons/year water-based liquid lubricant project, with the latter expected to be operational by Q2 2024 and the former by the end of 2024 [3] - Anhui Yingtemei Technology Co., Ltd. is constructing a 700 tons/year electronic materials intermediate project, with completion and production expected by the end of June 2024 [3] Group 3: 2024 Expectations - The company has enhanced its technical transformation efforts, increasing the production capacity of acetophenone from 5,000 tons/year to 8,000 tons/year, which has reduced production costs and increased sales capacity [4] - The successful optimization of the SBM process has further lowered production costs and improved market competitiveness [4] - Overall market conditions are improving, indicating a positive outlook for 2024 in terms of sales volume, pricing, and cost advantages [4] Group 4: Strategic Acquisitions and Future Plans - The acquisition of Yingtemei's equity is part of a broader strategy to deepen state-owned enterprise reform and optimize state asset allocation [5] - The company is actively evaluating new quality projects while enhancing existing operations to drive growth [5] Group 5: Product Applications - The non-ionic surfactants produced by Jiaxian New Materials will serve various applications, including personal care products, fiber oil agents, metalworking fluids, electronic chemicals, and additives in polyolefin production [6] - The project aims to meet domestic market demand, which is currently largely satisfied by foreign enterprises, thus facilitating domestic substitution [6]