Coal gasification technology boosts corporate growth

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As a coal chemical enterprise, the company's business covers two major series: nitrogen fertilizer and nitric acid. Shell coal gasification equipment is getting better. In January 2007, Liuhua Chemical's 300,000-ton synthetic ammonia clean energy-saving potential-tapping technological transformation project successfully put in chemical materials, and the project is running well in the fourth quarter. The device uses Shell coal gasification technology, with a raw coal utilization rate of up to 98%, which can significantly reduce coal consumption and electricity consumption per ton of ammonia, and reduce the cost of ammonia per ton by about 30%. There is sufficient motivation to improve performance in 2008. The coal gasification unit has entered normal operation, the 60,000 tons/year sodium nitrate and sodium nitrite units have been put into operation, the 130 tons/H circulating fluidized bed boiler and other energy-saving projects have been put into operation, and the implementation of the CDM proposal will continue to promote Liuhua's revenue, profit improvement and energy conservation and consumption reduction. Maintain "Recommended" rating. The company's EPS in 2008 and 2009 is expected to be 1.05 yuan and 1.36 yuan respectively.