Zhongtai Chemical(SZ:002092)2022-12-07 08:21Group 1: Company Overview - Xinjiang Zhongtai Chemical Co., Ltd. is the largest chlor-alkali enterprise in China, with an annual production capacity of 1.5 million tons of polyvinyl chloride (PVC), 1.1 million tons of ion membrane caustic soda, 1.28 million tons of calcium carbide, and 120,000 kilowatts of self-generated electricity [2][3]. Group 2: Financial Performance - In Q1 2015, the net profit attributable to shareholders was -10,439.21 million yuan, primarily due to significant price declines in PVC resin and caustic soda compared to the same period last year [3]. - The chlor-alkali market has seen a certain degree of price recovery [3]. Group 3: Subsidiary Operations - Xinjiang Fulida, a subsidiary, is a major customer for caustic soda and has undergone capital increase to strengthen local production, reducing transportation costs and enhancing the supply chain [3]. - Xinjiang Fulida has an annual production capacity of 320,000 tons of differentiated viscose fiber and 100,000 tons of cotton pulp, with plans to upgrade production capacity to 400,000 tons of viscose fiber in 2015 [3][4]. Group 4: Investment and Expansion - The company has signed an investment agreement with Xinjiang Shengxiong Energy Co., Ltd., acquiring a 17.85% stake post-capital increase [4]. - The company is involved in the development of the Nanhongcaohu coal mine, which is part of a larger coal base plan approved by the National Development and Reform Commission [4]. Group 5: Product Development and Market Strategy - Xiamen Kaina is enhancing its R&D capabilities and has developed two new production processes for graphene powder in 2014, improving production efficiency and product stability [5]. - The company employs various transportation methods for product delivery, including road, rail, and intermodal transport, optimizing logistics to meet customer needs [5]. - The primary markets for the company's products are in East China, South China, and exports [5].