NCIC(SZ:002246)2024-03-14 14:37Company Overview - North Chemical Industry Co., Ltd. was established in August 2002 and listed on the Shenzhen Stock Exchange in June 2008 [1] - The company is a subsidiary of China Ordnance Industry Group, with its headquarters located in Luzhou, Sichuan [1] - It operates three main industries: cellulose and its derivatives, special industrial pumps, and defense and environmental protection [1] Shareholding Structure - The ultimate controlling shareholder is the Ordnance Group, holding a total of 46.66% of the shares, while its wholly-owned subsidiary, North Chemical Research Institute Group, holds 36.38% [2] - The company has raised funds twice since its listing: 550 million CNY in a private placement in 2013 and 418 million CNY in a major asset restructuring in 2017 [2] Product Applications - Nitrocellulose products are widely used in defense weaponry, civilian ammunition, coatings, inks, and celluloid products [2] - Protective equipment is utilized in labor protection, special protection, and industrial hazardous work environments [2] - Environmental protection materials are applied in industrial exhaust gas purification and wastewater treatment [2] - Special industrial pumps are primarily used in thermal power, phosphorous chemical, mining, and metallurgy sectors [2] Market and Industry Insights - The demand for nitrocellulose products, a key raw material for propellants, remains stable [2] - The domestic and international market share for nitrocellulose products is stable [2] Automation and Environmental Compliance - The company is advancing automation in production lines through mature technology and technical breakthroughs [2] - Nitrocellulose is classified as a hazardous chemical, and the company adheres strictly to national safety and environmental policies, investing significantly in pollution control and process improvements [2]