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Zhejiang Xinan Chemical Industrial Group (600596): The performance in the first quarter remains under pressure, continuing to promote the transformation of silicone terminals.
Event: The company released the 2024 annual report and the Q1 2025 report. In 2024, the company achieved a revenue of 14.665 billion yuan, a year-on-year increase of 0.24%, and a net income of 0.051 billion yuan, a year-on-year decrease of 61.
Zhejiang Xinan Chemical Industrial Group (600596): Product price performance is sluggish, focusing on the development of end materials.
The company released its 2024 annual report and the first quarter report for 2025, showing that in 2024, revenue reached 14.665 billion yuan, a year-on-year increase of 0.24%, while net income attributable to the parent company was 0.051 billion yuan, a year-on-year decrease of 61.67%.
Zhejiang Xinan Chemical Industrial Group (600596): The prosperity of organic silicon and Glyphosate is expected to recover, with performance under pressure in the short term.
The performance for 2024 and Q1 2025 basically meets market expectations. The company announced that in 2024, it achieved revenue of 14.67 billion yuan, with a year-on-year increase of 0.2% (adjusted basis); net income attributable to parent company was 0.05 billion yuan, down 61% year-on-year.
Xin\'an Co., Ltd.: Summary of the 2024 annual report of Xinan Co., Ltd.
Xinan Shares: Xin\'an Shares Report for the First Quarter of 2025
Xinan Co., Ltd.: 2024 Annual Report of Xinan Co., Ltd.