ECEC(SZ:002140)2022-12-06 02:31Group 1: Company Stock Performance - The company's stock price has significantly declined, reaching a historical low of 11.34 CNY per share on May 24, 2017 [1] - There is no intention of share reduction from major stakeholders, including the controlling shareholder and company executives [1] Group 2: Industry Insights - The domestic self-sufficiency rate in the coal chemical industry was approximately 42% in 2016 [1] - The import and export deficit in China's petroleum and chemical industry exceeded 130 billion USD [1] - The coal chemical industry has substantial development potential, especially in the context of coal price fluctuations affecting operational pressures on coal enterprises [1] Group 3: Project Development - The company is optimistic about the coal-to-ethylene glycol project, citing several advantages: - Relatively low approval thresholds - Significant market gap, with 700-800 thousand tons imported in 2016 [1] - High economic viability, with low correlation to oil prices - Mature technology, utilizing Japan's Ube technology for producing high-quality products [1] - Moderate investment scale [1] Group 4: Performance Forecast - The company anticipates a year-on-year growth of 0-30% in its semi-annual operating performance, as stated in the first quarter report [2]