Qixiang Tengda: The 8,000-ton high-performance catalytic new material project has entered the trial operation phase

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Qixiang Tengda: 8,000-ton high-performance catalytic new material project enters trial operation phase 2026-02-05 13:14:31 On February 4, 2026, Qixiang Tengda (002408) announced that the 8,000-ton/year high-performance catalytic new material project, invested in and built by its subsidiary Shandong Qilu Kelihua Research Institute Co., Ltd., has been successfully completed and has now entered the trial operation phase. The next step is to accelerate the commissioning of the equipment, with the goal of achieving stable production as soon as possible. The announcement states that the completion and operation of this project will significantly enhance the company’s ability to supply high-end catalytic materials independently, strengthen the resilience of the industrial chain, and build a solid technical advantage ； At the same time, thanks to the high added value of these products and the industry trend toward accelerated domestic substitution, this will raise the company’s long-term profit levels, while also providing crucial support for the green and low-carbon transformation of the chemical industry. In terms of financial performance, on January 26, Qixiang Tengda released its annual performance forecast for 2025, predicting that the company’s net profit attributable to the parent company would be in the range of 470 million yuan to 660 million yuan in loss, compared to a profit of 31.6797 million yuan in the same period of the previous year ； The net profit after deducting non-recurring items was in the range of 478 million yuan to 668 million yuan in loss, compared to a profit of 12.5572 million yuan in the same period of the previous year ； Reasons for performance changes: 1. Affected by a combination of factors such as a slowdown in global economic growth and a weaker-than-expected recovery in domestic demand, the chemical products market is currently at a cyclical low. During the reporting period, the company’s performance showed an upward trend at the beginning followed by a downward trend later on. Faced with a challenging market environment, the company focuses on key strategies such as cost reduction and efficiency improvement, optimization of existing assets, and lean management. It reduces energy and material consumption through technological upgrades, and optimizes production scheduling to enhance the operational efficiency of its facilities. At the same time, it strengthens market analysis, flexibly adjusts its product portfolio and sales strategies, and makes every effort to expand into high-value-added market segments. Strengthening bargaining power in the supply chain helps to offset some of the pressure from raw material costs ； Strengthen internal control and strictly manage all expense expenditures. Despite short-term performance pressures, the company continues to push forward with industrial chain collaboration and innovative upgrades, building up production capacity and technological capabilities in advance for a recovery of the industry, aiming to establish long-term competitive advantages at the bottom of the economic cycle. 2. During the reporting period, the company’s financing costs continued to decline; the average financing cost for the entire year of 2025 was 0.49 percentage points lower than that of the same period last year, resulting in a significant reduction in financing expenses. 3. Leveraging the regional advantages of its overseas trade operations and the sales network built over many years, the company is actively expanding into overseas markets. During the reporting period, the volume of exported products reached 650,000 tons, a 12.12% increase year-on-year, setting a new historical high. It effectively alleviates sales pressure in the domestic market, anticipates development in emerging markets, and establishes international sales channels.