JHSY(SZ:002597)2023-09-13 09:48Production Capacity and Market Position - The current effective production capacity of sucralose in China is limited, with many manufacturers either shut down or operating at low capacity. The company is operating at full capacity and is optimizing production processes to enhance effective capacity while reducing costs [2][4]. - The company’s aspartame production facilities are also operating at full capacity, indicating a strong market position in this segment [4][6]. - The market share of the company's sucralose products is leading, with sales data from 2022 and the first half of 2023 confirming this position [6][10]. Financial Performance - In the first half of 2023, the company achieved a revenue of CNY 267,482.05 million, a decrease of 25.71% compared to the same period last year. The net profit attributable to shareholders was CNY 40,330.94 million, down 52.76% year-on-year [6][10]. - Revenue from food additives reached CNY 1.508 billion, accounting for 56.40% of total revenue, which is a decline of 32.05% compared to the previous year. Revenue from bulk chemicals was CNY 854 million, making up 31.92% of total revenue, down 18.81% year-on-year [6][10]. Research and Development - The company invested CNY 11,465.80 million in R&D in the first half of 2023, representing a year-on-year increase of 7.37% and accounting for 4.28% of total revenue [10]. - The focus of R&D is on green chemical synthesis and biochemistry, with plans to enhance collaboration and innovation in technology [10]. Market Strategy and Future Plans - The company is adjusting its market sales strategy to maintain its market share in the sweetener market amidst industry competition and customer inventory cycles [6][8]. - Future projects will focus on integrated circular economy strategies, emphasizing green chemistry and synthetic biology technologies to enhance production efficiency and sustainability [8][9]. Investor Relations and Communication - The company actively engages in investor relations through various channels, including performance briefings and direct communication, to maintain transparency and build trust with investors [8][9].