Artificial Intelligence
Xinghua's "Project Driven Strategy" has achieved a total profit of 67 million yuan
Shaanxi Xinghua Group has consistently implemented its "Project-Driven Strategy," which has significantly accelerated the company's growth. From January to June this year, the group achieved a profit and tax income of 67 million yuan. The total asset contribution rate increased by 8.7 percentage points compared to the previous year, while the average income per employee rose by 30.47%. This performance reflects the positive impact of the group’s strategic initiatives.
With a history spanning 40 years, Shaanxi Xinghua Group is a large-scale enterprise engaged in chemical products, fertilizers, and military supplies. Over the years, the company has invested 335 million yuan in technological upgrades. Notably, the second phase of the ammonium nitrate reconstruction project received 96 million yuan in funding, elevating the company’s flagship product—ammonium nitrate—to the top in terms of technology, equipment capabilities, and product quality nationwide.
Additionally, more than 70 million yuan was allocated to the conversion of heavy oil to natural gas on raw material lines. This move not only mitigated the risk of operational challenges due to the depletion of heavy oil feedstock but also brought significant social benefits. The third phase of the nitric acid project, funded with 63 million yuan, addressed the bottleneck in nitric acid production capacity and filled a regional gap in concentrated nitric acid products.
The company also invested 60 million yuan in phased technical upgrades at its alkali plant, increasing annual production capacity by over 30 times and generating more than 20 million yuan in annual revenue. Several major technical expansion projects have been successfully implemented, including the first phase of decarbonization, the second phase of composite transformation, the fourth air separation unit, and the 659 nitrogen system upgrade. These efforts have not only ensured production scale but also optimized product structure, improved chemical process quality, and achieved a historic leap in safe and stable operations.
Compared to five years ago, the group's total industrial output value, sales revenue, profits, and per capita income have increased by 2.57, 3.5, 3.1, and 1.95 times respectively. This remarkable growth highlights the effectiveness of the company's long-term vision and strategic execution.
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