BHCC(SH:600800)2022-11-19 05:12Funding and Project Development - The company plans to raise funds for the recently signed 10 billion yuan light hydrocarbon comprehensive utilization project through various channels, including bank loans, equity financing, corporate bonds, and convertible bonds [3] - The propane dehydrogenation facility is expected to begin construction in the second half of 2022, with a projected construction period of 30 months [3] Research and Development - The company has significantly increased R&D expenses, focusing on key technologies in petrochemicals, hydrogen energy, and digital currency, with expectations of new profit growth points upon industrialization of these technologies [3] Business Restructuring and Asset Management - The company completed the acquisition of all shares of China Banknote Paper Industry Company on March 29, 2022, to optimize and relocate its original magnetic card business, enhancing production capacity and diversifying revenue sources [4] - The company aims to improve asset efficiency by revitalizing the original production site and reducing operational risks associated with a single chemical business [4] Financial Performance and Market Perception - The company emphasizes adherence to accounting standards and denies any intention to hide profits or manipulate stock prices [5] - The stock price has been under pressure due to macroeconomic factors, market liquidity, and industry valuation levels, with the company focusing on improving governance and operational performance to enhance market value [6] Land and Real Estate - The company currently owns approximately 600,000 square meters of land [7] - There are no immediate plans for asset injection from the group, and the company is not preparing to enter the real estate market despite having real estate development capabilities in its business scope [5][6]