ZANYU TECHNOLOGY(SZ:002637)2023-08-17 08:49Financial Performance - In the first half of 2023, the company achieved operating revenue of 4.826 billion CNY, a decrease of 20.91% compared to the same period last year [2] - The net profit attributable to shareholders was 44 million CNY, down 85.66% year-on-year [2] - As of June 30, 2023, total assets amounted to 8.321 billion CNY, an increase of 8.52% from the beginning of the year [2] - Total liabilities reached 4.527 billion CNY, with a debt-to-asset ratio of 54.41%, up 2.39 percentage points from the beginning of the year [3] Business Development - The company is expanding its OEM and ODM processing business, with a production capacity of 100,000 tons for liquid detergents in Zhenjiang, Jiangsu, and large-scale projects planned in Hebi, Henan, and Meishan, Sichuan [3][4] - The Hebi project has a capacity of 500,000 tons and is fully operational [3] - The company is enhancing its management processes and decision-making efficiency to adapt to business development needs [3] Market Strategy - The company is focusing on strengthening its core business and enhancing technological innovation to improve market share and competitiveness [6] - Plans include the establishment of a 550,000-ton oil chemical project in Malaysia to enhance overseas market competitiveness [5][6] - The company is actively using risk hedging tools to mitigate the impact of raw material price fluctuations on profits [5] Inventory and Supply Chain Management - The company maintains a normal inventory net position of 1-2 months, with low inventory levels between 50,000 to 100,000 tons [4] - The company has implemented a centralized procurement and logistics management system to strengthen market marketing and procurement management [6] Future Outlook - The company aims to continue expanding its market presence in the OEM/ODM sector, leveraging its advantages in technology and scale [5][6] - Future strategies include enhancing R&D investment and developing new green surfactants to improve product quality and structure [6]