NCIC(SZ:002246)2022-12-07 08:26Company Overview - Sichuan North Chemical Cotton Co., Ltd. was established in August 2002 through the merger of high-quality assets from Luzhou North and Xi'an Huian Nitrocotton, and is a member of China Ordnance Industry Group [2] - The company transitioned to a joint-stock limited company in September 2005 and was listed in June 2008 [2] - Main business segments include nitrocotton and special chemical pumps [2] Industry Insights - Nitrocotton is a dual-use special chemical product, categorized under cellulose derivatives and new chemical materials [2] - The upstream supply chain includes short cotton, wood pulp, nitrosulfuric acid, and alcohol, while the downstream sectors involve coatings and inks [2] Production and Sales Performance - In 2014, the company achieved a sales volume of over 50,000 tons of nitrocotton, with exports exceeding 20,000 tons, marking historical highs [2] - The company maintains its position as the global leader in production and sales of nitrocotton [3] Pump Industry Development - The main products of the pump division include corrosion-resistant and wear-resistant industrial pumps, with applications in power generation, chemical, metallurgy, and petrochemical industries [3] - The company expects continued growth due to favorable national environmental policies [3] Shareholder Structure - The largest shareholder is China Ordnance Investment Management Co., Ltd., holding 16.03%, followed by China North Chemical Industry Group Co., Ltd. at 12.27% [3] - The actual controller of the company is China Ordnance Industry Group [3] Financial Outlook - The company anticipates a total profit of 70 million yuan for 2015, despite a decline in nitrocotton prices affecting performance [4] - Management plans to enhance market development and internal cost control to meet annual profit targets without adjustments [4]