Xinxiang Chemical Fiber announces 2024 annual report

Xinxiang Chemical Fiber (000949) released its 2024 annual report on the evening of March 27. In 2024, it achieved operating income of 7.366 billion yuan, a year-on-year decrease of 0.18%; net profit attributable to shareholders of listed companies was 246 million yuan, a year-on-year increase of 682.5%. During the reporting period, the company produced 96,400 tons of biomass cellulose filament and 183,200 tons of spandex fiber.

The company reviewed and summarized the progress of the business plan disclosed in the previous period and the work goals for the new year. 1. In 2024, the company produced 96,368 tons of biomass cellulose filament, completing 107.08% of the plan; and produced 183,212 tons of spandex fiber, completing 97.73% of the plan. The annual operating income was 7.365.7745 million yuan, completing 92.07% of the plan. 2. The guiding ideology for the company's work in 2025 is guided by the Thought on Socialism with China Characteristics for a New Era, fully implements the spirit of the 20th National Congress of the Communist Party of China, the Second and Third Plenary Sessions of the 20th Central Committee of the Communist Party of China and the spirit of the Central Economic Work Conference, adheres to the general tone of seeking progress while maintaining stability, implements the new development concept completely, accurately and comprehensively, accelerates the development of new quality productive forces, cultivates a new form of the first-generation economy, and actively advances in transforming methods, adjusting structures, improving quality, reducing costs, and increasing efficiency. 3. In 2025, the company's operating plan is to produce an annual output of 110,000 tons of biomass cellulose filament and an annual output of 180,000 tons of spandex fiber; annual sales revenue is approximately 7.8 million yuan. The above business plan does not represent the company's profit forecast for 2025. Whether it can be realized depends on various factors such as changes in market conditions and the effort of the management team. There is great uncertainty. Investors are advised to pay special attention.