Economic Performance
Business Approach and Benchmark for 2024
CSCC's business benchmark for 2023 and development strategies for 2024 to 2033 are detailed below:
| Business benchmark for 2023 | |
|---|---|
| 1 | Operating revenue and earnings before tax ≧ Budget target |
| 2 | Operating hours of the Coal Chemical Manufacturing Department ≧ Budget target |
| 3 | The carbon material production facility increase carbonized product capacity ≧ Budget target |
| 4 | Complete the installation of the naphthalene packaging automation system |
| 5 | Annual revenue and outsourcing volume for carbon materials ≧ Budget target |
| 6 | Complete the development of three core technologies |
| 7 | Roll out two intelligentization projects |
| 8 | Achieve ISO 27001 information security certification. |
| 9 | Achieve zero major fire accident, zero occupational accident, and zero penalty for environmental and safety offenses |
| Development strategies for 2024 to 2033 | |
|---|---|
| 1 | Refine production technologies, implement quality management, reduce production costs, and achieve good business performance |
| 2 | Increase R&D budget, utilize external resources, develop new energy materials industries, and expand the applications of carbon materials |
| 3 | Ensure workplace safety and environmental protection, eliminate occupational accidents, and foster harmonious labor relations to create an exemplary workplace. |
| 4 | Promote an environmentally friendly workplace, support social initiatives, and implement robust corporate governance. |
| 5 | Carry out energy conservation and carbon reduction, and adopt renewable energy to achieve net zero emissions |
SDG
Performance highlights in 2024:
- Achieved 98% of the budgeted revenue target.
- Arofit Budget Achievement Rate: 111%
Significance to CSCC:
Economic performance is an embodiment of a company’s operational efficiency. We continue to strengthen our financial structure and implement cost control while striving to enhance economic value and give back to stakeholders, with a view to achieving the goal of sustainable development.
Goals
| Short-term goal (2025) |
Medium-term goal (2026 to 2029) |
Long-term goal (2030 and beyond) |
|---|---|---|
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Management strategies
Expand revenue and profit from coal chemicals, deepen the development of green carbon materials, broaden sources of income and economize on expenses, and integrate group-wide resources; pursue shareholder wealth maximization while maintaining a sound financial structure, distribute earnings to shareholders, and establish the value of long-term investments at CSCC
Resources invested and implementation outcomes
Kindly refer to Annual ESG Plan and Implementation Outcomes in this Report for more details.
Economic Performance
CSCC's 2024 business benchmark achievement rates are as follows:
2024 business benchmark achievement rates
| Benchmark item | Target amount |
|---|---|
| Operating revenue and earnings before tax ≧ Budget target | 98% & 111% |
| Operating hours of Coal Chemical Manufacturing Plants | 103% |
| Annual Sales Volume of MG Series Products | 65% |
| Annual Sales Volume of BCP (Niche Products) | 115% |
| Consolidated Revenue from Carbon Material Products | 64% |
| Reduction of Graphitization Energy Consumption per Unit for MG-11 | 111% |
| Complete the development of three core technologies | 100% |
| Roll out two intelligentization projects | 100% |
| Re-inventory Carbon Footprint for T/P and BTX Products | 100% |
| ESG Implementation Results | 96% |
| Achieve zero major fire accident, zero occupational accident, and zero penalty for environmental and safety offenses | 100% |