Key investment companies are leading in China's popular regions. They have obvious advantages in scale, and their industry qualifications are constantly improving. The company is a large-scale listed civil explosion company integrating scientific research, production, sales and blasting services. It is at the forefront of the industry in terms of production capacity, scale, and technical strength. At present, the company's total explosives production capacity has reached 264,500 tons. The company's business area has expanded from mainly civilian explosion production to civilian explosion circulation, transportation, material production, blasting services and general mining contracting, covering 10 provinces and regions. According to statistics from the China Blasting Equipment Industry Association, Jiangnan Chemical ranked 3rd in the country in the ranking of gross domestic product and industrial explosives production of industrial explosives in China in 2014, and is in a leading position in the industry. In recent years, the company's industry qualifications have been greatly improved. Currently, it has a first-class qualification for blasting operations, a first-class qualification for professional contracting of blasting and demolition engineering, and a third-level qualification for general contracting of construction and mining engineering, etc., which helps the company extend its industrial chain, expand its general contracting business for mining engineering, and enhance its overall competitiveness in the field of mining engineering construction. The growth rate of the civilian explosion industry has slowed, and mergers, acquisitions and restructuring have become a development trend, benefiting large enterprises such as companies. In recent years, as macroeconomic growth has clearly slowed, the growth rate of the civilian explosion industry has slowed. The fastest growth rate in the future will be in the western region, and demand for civilian explosions in the west will grow at an average annual rate of more than 10%. The concentration of the civilian explosion industry in China is not high. Since the industry's new production capacity is strictly limited, the main development direction of the civilian explosion industry in the future is to optimize the product structure, achieve large-scale operation, and cultivate large enterprise groups. The rapid development of enterprises within the industry will mainly depend on industry integration practices such as mergers and acquisitions. Large enterprises with strength and advantages, such as companies, will have more favorable development opportunities. Take a stake in Beijing Lightyear and enter the intelligent robot market. The company invested 50 million yuan to obtain 14.44% of Beijing Lightyear's shares. The Turing robot developed by Beijing Lightyear is a bridge between users and the Internet. After large-scale popularization, Turing robots may become entry-level platforms that can be provided to users by various service providers, and potential value-added services are of great commercial value. At the same time, the company will actively explore the application and integration of artificial intelligence in the explosion industry with Beijing Lightyear, achieve intelligent upgrading and development of civilian explosion manufacturing, and open up new development space. Increase consolidation, integration and intelligence to promote transformation and upgrading. The company plans to privately issue no more than 120 million shares and raise no more than 1,105 billion yuan to promote transformation and upgrading while focusing on its main business. The company will focus on expanding blasting engineering services, actively expanding general mining engineering contracting and mine ecological restoration business, and strive to build the company into a new type of mine service provider integrating blasting services, in line with the development trend of the industry. At the same time, the capital raised this time will be invested in the Minbang Smart Factory Project, the Intelligent Production Line Construction Project, and the Digital Civilian Explosion Industry Chain Project. The smart factory will be built through intelligent manufacturing, management informatization, and safe digital linkage, which will facilitate the full implementation of the company's “intelligent manufacturing, management informatization, and safe digitization” development strategy, and will greatly enhance the company's overall competitiveness. In February 2016, the company's non-public offering was approved by the Development and Review Committee. Risk warning: risk of explosion demand falling short of expectations; risk of price fluctuations of raw material ammonium nitrate; risk of fund-raising projects not progressing as expected; risk of production safety.