雪峰科技(603227) - 投资者关系活动记录表(2)

Group 1: Employee Incentives and Performance - The company has not yet implemented employee stock ownership or equity incentives, but plans to develop suitable incentive measures as needed [2] - The actual controller, the State-owned Assets Supervision and Administration Commission, primarily assesses the company's operational performance, requiring annual growth in key financial indicators [2] Group 2: Production Capacity and Market Demand - As of the end of 2023, the company's industrial explosive capacity is 117,500 tons, and the capacity for industrial digital electronic detonators is 18.9 million units per year [2] - The Xinjiang coal production capacity is projected to reach 460 million tons per year by the end of the 14th Five-Year Plan, with an estimated demand for industrial explosives reaching 500,000 tons [2] - In November 2023, the explosive production in Xinjiang was 400,300 tons, with sales of 398,900 tons [2] Group 3: Market Competition and Industry Trends - The influx of inland explosive production capacity into Xinjiang is expected to intensify market competition, as state-owned enterprises and well-known private companies expand their presence in the region [3] - The industry aims for on-site mixed explosive production capacity to account for no less than 35% by 2024, which may lead to adjustments in overall industry capacity [3] - The company currently has a mixed explosive production capacity ratio of 59%, exceeding the industry average [3] Group 4: Product Applications and Sales - The ratio of civil explosive products used in mining and infrastructure construction is approximately 70:30 [3] - The company has phased out the production and sale of ordinary industrial detonators since August 30, 2022, focusing on digital detonators, with a current capacity of 18.9 million units [4] - In 2023, the company sold 13.02 million digital detonators, a 70% increase compared to the previous year, with expectations for continued sales growth in 2024 [4] Group 5: Raw Materials and Production Capacity - The company uses approximately 100,000 tons of ammonium nitrate annually, with total sales expected to be around 330,000 tons [5] - The design capacities for synthetic ammonia, ammonium nitrate, and nitro compound fertilizer are 400,000 tons, 660,000 tons, and 900,000 tons, respectively [5] - The production of ammonium nitrate in the first nine months of 2023 was 240,000 tons, with an expected total of 330,000 tons for the year [5] Group 6: Natural Gas Supply and Pricing - The natural gas used by the company is sourced from Sinopec, with a national auction price system in place [6] - The average price of LNG in the first nine months of 2023 was approximately 4,500 yuan per ton, a decrease of 2,000 yuan per ton compared to 2022 [6] Group 7: Transportation and Trade Operations - The company’s transportation business includes natural gas pipeline transport and civil explosive product transport, with a natural gas pipeline length of 92 kilometers and an annual output capacity of 2 billion cubic meters [6] - Starting in 2024, the trade segment will focus on related businesses that can form a closed-loop management system, primarily involving agricultural materials, coal, and raw materials for civil explosives [6]