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Tangshan Sanyou Chemical Industries (600409.SH): Using temporarily idle self-owned funds totaling no more than 1.2 billion yuan for reverse repurchase of government bonds.
Gelonghui, January 3rd | Tangshan Sanyou Chemical Industries (600409.SH) announced that in order to further improve the efficiency of the company's self-owned capital use and activate existing funds, the Board of Directors agreed that the company and its holding subsidiaries use a total of no more than 1.2 billion yuan (including this amount) of temporarily idle self-owned funds to conduct treasury bond reverse repurchase transactions, provided that normal production and operation are not affected and the risks are controllable.
Tangshan Sanyou Chemical Industries (600409.SH): plans to invest in the construction of a 0.25 million tons/day seawater desalination and 11 million cubic meters/year refined concentrated seawater project (phase one).
Gelonghui January 3 report丨Tangshan Sanyou Chemical Industries (600409.SH) announced that in order to actively implement the specific requirements of "turning towards the ocean," deeply develop marine "liquid mountain" resources, maintain regional water use security, and reduce the company's salt costs, the company's wholly-owned subsidiary Tangshan Sanyou Blue Ocean Technology Co., Ltd. (referred to as "Blue Ocean Technology Company") plans to invest 777.7 million yuan in the Caofeidian Steel Electrical Utilities Park to build a seawater desalination project with a capacity of 0.25 million tons per day and a refined concentrated seawater project with an annual capacity of 11 million cubic meters (Phase 1), relying on the by-products of concentrated seawater resources from the Caofeidian seawater desalination project and the distinctive advantages of the company's salt chemical industry.
Is Tangshan Sanyou Chemical Industries Co.,Ltd (SHSE:600409) Potentially Undervalued?
Tangshan Sanyou Chemical Industries (600409.SH): Since the beginning of this year, PVC has maintained a volatile consolidation trend with limited fluctuations.
December 13, Glonghui丨Tangshan Sanyou Chemical Industries (600409.SH) stated at an investor exchange meeting that the current domestic PVC capacity is approximately 28.5 million tons, with an estimated annual output of around 23.45 million tons, showing little year-on-year change. Since the beginning of this year, PVC has maintained a volatile consolidation trend, with limited fluctuations, mainly affected by the poor performance of the Real Estate and Infrastructure Industries, compounded by over 1 million tons of high inventory in the industry, leading to a focus on market consolidation. Currently, the overall industry operating rate is around 77%-78%. Capacity growth is expected to be limited by 2025. With favorable policies from the government stabilizing the Real Estate market and increasing Infrastructure, a slight price increase is anticipated.
Tangshan Sanyou Chemical Industries (600409.SH): Since the beginning of this year, the overall market for caustic soda has remained stable with slight fluctuations, with prices at a high level.
Gelonghui December 13丨Tangshan Sanyou Chemical Industries (600409.SH) stated at the investor communication meeting that currently the domestic caustic soda production capacity is about 48.5 million tons, and the annual output is expected to increase by about 5% year-on-year. Since the beginning of this year, caustic soda has maintained a generally stable but slightly fluctuating market, with prices at a high level, and the Industry's operating rate is about 86%. By 2025, under the demand growth support from downstream alumina and aluminum, prices are expected to run at a high level.
Tangshan Sanyou Chemical Industries (600409.SH): Currently, viscose enterprises are operating steadily, with an operating rate maintained at 88%-89%.
On December 13, according to GELONGHUI, Tangshan Sanyou Chemical Industries (600409.SH) stated at the investor conference that the current domestic Viscose Staple Fiber industry has a capacity of approximately 5 million tons, with an actual effective capacity of about 4.8 million tons. In recent years, capacity has changed little, with an estimated annual output of around 4.2 million tons, a year-on-year increase of about 12%. Currently, Viscose companies have stable operations, with an operating rate maintained at 88%-89%. The supply side is stable without new capacity, and with inventory reaching a historical low, support for Viscose companies is significant. Demand is gradually recovering, supporting the continuous improvement of Viscose. It is expected that by 2025, the industry's supply will be stable, although the export market...