Jiang Su Yida Chemical (SZ:300721)2023-04-23 02:14Group 1: Company Overview and Performance - Jiangsu Yida Chemical Co., Ltd. held an annual performance briefing on April 21, 2023, to discuss its 2022 performance and future plans [2] - The company reported a production capacity of 150,000 tons for propylene oxide, with expectations to meet market demand in 2023 [6] - The average sales price for propylene oxide in Q1 2023 ranged from 9,500 to 9,700 RMB, showing an increase compared to the previous year [6] Group 2: Projects and Developments - Ongoing projects include the construction of a 2,000-ton 2-ethyl anthraquinone and tetrabutyl urea project, currently in trial production [3] - Planned projects include a 20,000-ton high-efficiency new active alumina material project and a 220,000-ton propylene (ethylene) derivative technical transformation project [3] - The company is actively promoting the HPPO method for propylene oxide production, which is a key part of its "14th Five-Year" development strategy [5] Group 3: Market and Financial Outlook - The company anticipates a growth in sales volume for the current year, with new products already in mass production [5] - The market for propylene oxide is becoming saturated, and the company will assess risks before proceeding with further investments [4] - The company aims to enhance its product quality to better serve the domestic photoresist industry, which is a focus area for growth [5] Group 4: Investor Relations and Concerns - The company is committed to timely responses to shareholder inquiries and maintaining normal production operations [3] - Concerns regarding stock price performance have been acknowledged, with management expressing a commitment to improving operational performance [6] - The company plans to continue enhancing its internal governance and performance assessment to ensure effective implementation of policies [3]