roulettespins| Shenyang Chemical: Actively explore new customers and new fields Quanzhou project is expected to be put into operation in the first half of 2025

Shenyang Chemical Industry (000698) disclosed the record form of investor relations activities on May 20, and the company held a performance presentation meeting remotely on the same day. Chen Shukang, general manager of Shenyang Chemical Industry, Wu Ji, independent director, Sun Hongyun, chief financial officer, and Zhang Yuchao, secretary of the board of directors, conducted a presentation on the issues raised by investors in the presentation.RoulettespinsReply.

In 2023, the main plant of Shenyang Wax, a subsidiary of Shenyang Chemical Industry, was shut down and only acrylic acid and ester units were runned. the company's net profit in 2023 was affected, resulting in a loss.

According to Shenyang Chemical Industry's 2023 annual report, during the reporting period, the company achieved operating income of 52.Roulettespins82 million yuan, down 11% from the same period last yearRoulettespinsThe net profit was 458 million yuan, an increase of 73.32% over the same period last year.

Shenyang Wax Chemical Co., Ltd. was put into production in August 1999. it is a characteristic petrochemical enterprise with heavy oil as raw material and deep catalytic pyrolysis technology (DCC) as the main processing means. it is an important large-scale production base of organic chemical raw materials and synthetic materials in Shenyang Chemical Industry. The company's main products include propylene, heavy liquid wax, civil LPG, automotive LPG, light fuel oil, polyethylene and other 17 kinds of petrochemical products, which can be used in chemical industry, light industry and other fields.

In February 2023, due to business adjustment, Shenyang Wax shut down 100000 t / a polyethylene plant, and Shenyang Wax suspended the shutdown of acrylic acid and ester production plants in January 2024.

According to the 2023 annual report of Shenyang Chemical Industry, the cumulative export volume of paste resin in China has gradually increased in 2023. In contrast to the domestic market, PVC paste resin downstream key industries, affected by the international trade environment, exchange rate changes and the slowdown of domestic consumer demand, the sluggish demand of downstream users led to the overall operating rate of PVC paste resin industry maintained at 60% to 70%. Therefore, in the short term, the fierce competition in the PVC paste resin market around production costs and high-quality products is difficult to change.

In response to the question asked by investors, "how do you view the current profit situation?" What are the plans to turn losses into profits in the future? " When it comes to the problem, Shenyang Chemical said that the company actively opens up new customers and new areas to enhance its profitability. Through the implementation of technical reform measures, optimize the production cycle to achieve the purpose of energy saving, consumption reduction and cost saving. The Quanzhou project is currently carrying out civil construction of the main plant, and the project is expected to be put into production in the first half of 2025.

According to reports, Shenyang Chemical Industry will make every effort to stabilize the market of PVC paste resin products, give full play to the advantages of integration, strengthen technology and personalized services, and make every effort to improve profitability; innovate the sales strategy of polyether polyol products to achieve fixed production by sales and promotion by production, comprehensively increase sales and continuously increase market share.

"over the years, the company has been committed to the research and development of new products of PVC paste resin.RoulettespinsA number of invention patents have been granted. " Shenyang Chemical said that in 2024, under the condition of fully opening up the existing product market, the company will expand marketing in many directions with the goal of "striving for benefit maximization". Through measures such as putting new products into the market, collecting downstream demand, constantly improving the effect of user use, and establishing an excellent marketing system, the company will refine the target market, optimize excellent marketing management, adjust the structure, seize the market and grasp high prices in time. Maximize market efficiency.