EXPL(SZ:002096)2022-12-06 23:36Group 1: Financial Performance - The company reported a net profit of -16.02 million yuan in Q1 2016, primarily due to unfavorable macroeconomic conditions and a downturn in market demand for civil explosive products [2] - The decline in quarterly performance is attributed to intense market competition and falling sales prices during the economic transition period in the country [2] Group 2: Strategic Responses - To address the decline in sales, the company plans to enhance market expansion efforts and improve blasting service levels to boost product sales [2] - The company will implement credit rating analysis for clients to manage accounts receivable, offering varied payment terms and credit limits while intensifying collection efforts [2] Group 3: Operational Focus - The company has production bases for civil explosive products located in various regions, including Yongzhou, Hengyang, Yueyang, Loudi, Shaoyang, Huaihua, Chenzhou, and Chongqing [2] - Key operational priorities for 2016 include reinforcing safety management, enhancing industry development, and achieving progress in international operations and mergers and acquisitions [3]