ZXFC(002915)2024-09-02 10:53Performance and Financials - The company expects a net loss of 20.5 to 24 million in the first half of 2024 due to weak market demand and increased competition, leading to a 427.59% year-on-year decline in net profit [3] - The company's revenue growth is driven by fluorinated new materials, electronic chemicals, fourth-generation refrigerants, and fluorinated pharmaceuticals, with particularly strong performance in trifluoro products, fourth-generation refrigerants, and new materials [7] Strategic Measures - The company plans to optimize product structure, improve cost control, enhance supply chain stability, strengthen relationships with major clients, and increase investment in R&D to drive intelligent transformation of production lines [2] - The company is focusing on the development of high-value products such as fluorinated polymer materials, fluorinated new energy materials, and new environmentally friendly refrigerants to enhance competitiveness [3][4] - The company is actively promoting the non-public issuance of A-shares and is in the process of installing equipment for the sodium hexafluorophosphate project, aiming for early production [5] Cost Control and Efficiency - The company has implemented measures such as off-season and opportunistic procurement strategies, strategic partnerships with upstream suppliers, and cost analysis to reduce procurement and production costs [4] - The company has achieved cost savings in electricity, steam, and environmental fees at its Zhejiang base and improved raw material procurement bargaining power [5] Market and Industry Outlook - The company remains optimistic about the fluorochemical industry, which is in a recovery phase, and has tailored sales strategies for different markets and clients, including customized R&D and production for large pharmaceutical and chemical clients [4] - The company is actively optimizing its industrial structure and strengthening internal management to reduce operational costs and improve production processes to better respond to market changes [4] Environmental and Safety Measures - The company has made new investments in safety, including temperature monitoring for solvent recovery, sealing replacements for high-risk production equipment, and the development of a safety production app [6] - Environmental improvements include the addition of resin adsorption devices at the Zhejiang base to reduce solvent consumption and carbon emissions, and the optimization of Fenton oxidation treatment processes to reduce hydrogen peroxide consumption [6] Talent and Incentives - The company has implemented a restricted stock incentive plan in 2021 and plans to introduce a new round of equity incentives in the future [6] - The company has established a talent development strategy, including a "reserve cadre pool," rotation programs, and regular management training to strengthen the talent pipeline [6] Shareholder Returns - The company has distributed a cumulative cash dividend of 124.1554 million yuan over the past three years and has a differentiated cash dividend policy based on the company's development stage and capital expenditure needs [7] - The company is committed to enhancing shareholder value through improved performance, compliance, and investor communication, and will continue to provide cash returns to shareholders when conditions permit [7]