DHE(002221)2022-12-03 08:46Group 1: Company Strategy and Development - The company has chosen to develop the Maoming base due to abundant coastal land resources and its strategic location for both domestic and international markets, particularly the Greater Bay Area and ASEAN [2][3] - The Maoming project is included in the first batch of foreign investment projects by the Ministry of Commerce in 2020 and is recognized as a national key project, enhancing cooperation with local governments [3] - The company aims to create a "world-class olefin industry ecosystem" through collaboration with government, educational institutions, and financial organizations [3] Group 2: Project Progress and Technology - The Ningbo Phase II PDH project is in the purging stage and is expected to commence production within the year, while Phase III is projected to produce products in Q1 of the following year [3] - The Maoming project will utilize Honeywell UOP technology to reduce carbon-hydrogen ratios, lower energy consumption, and improve conversion rates, providing a competitive advantage [3][4] Group 3: Market Position and Industry Trends - The company has a comprehensive competitive advantage in the "LPG-PDH-PP+H2" value chain, ensuring stable raw material supply and expansion of production capacity [4] - The PP market is expected to face oversupply in the future, but this will drive innovation and market expansion among large enterprises, which the company is prepared to address [4]