DHE(002221)2022-12-07 09:44Project Progress - The Zhangjiagang project is progressing smoothly and has entered the equipment debugging and production preparation phase [2] - The Ningbo project has started comprehensive construction with all work proceeding in an orderly manner [2] - The Caofeidian New Materials Industrial Park has been signed and is actively being planned [4] PDH Project Economics - The economic benefits of the PDH project mainly depend on the price difference between propane and propylene [2] - Locking in and controlling the cost of propane as raw material is a key factor determining the project's profit margin [2] - The company has made progress in international propane resource locking and has gradually implemented FOB procurement models since 2014 [4] Hydrogen By-product Utilization - The hydrogen by-product from the Zhangjiagang Phase I project has secured sales channels with main customers including Kailing Chemical and Huachang Chemical [3] - The hydrogen sales from PDH project by-products show considerable economic benefits based on current hydrogen prices and costs [3] Logistics Development - The company's subsidiary has signed long-term lease agreements for 13 refrigerated ships, expected to start operations from 2016 [3] - These agreements help establish the company's own ocean logistics platform, break through logistics bottlenecks, and reduce costs [3] - The logistics platform provides necessary support for international resource locking and cost control [3] Strategic Development - Focus on accelerating alkane resource deep processing projects to form a new materials manufacturing business sector [4] - Develop clean energy business including LPG international trade and domestic sales to provide raw material supply guarantee [4] - Aim to become a comprehensive operator of alkane resources, covering resources, logistics, storage, deep processing, and downstream industries [4] Financial Performance - The company expects a 50%-100% increase in net profit attributable to shareholders for 2014 [5] - LPG trade, chemical storage, and vehicle gas filling business sectors are operating normally, consistent with initial performance expectations [5] - International crude oil price fluctuations and domestic energy policy changes may affect the accuracy of performance forecasts [5]