GuShiio.com ① The Ministry of Industry and Information Technology issued the “Implementation Opinions on Accelerating the Transformation and Upgrading of the Civil Explosives Industry” to promote corporate reorganization and integration.
② Wang Huabing of Debon Securities pointed out that this opinion proposes to encourage civil explosive enterprises to reorganize and integrate across regions and across ownership, and carry out industrial chain integration. The industry concentration is expected to further increase in the future.
The Ministry of Industry and Information Technology issued the “Implementation Opinions on Accelerating the Transformation and Upgrading of the Civil Explosives Industry” to promote corporate reorganization and integration. Encourage civil explosive enterprises to reorganize and integrate across regions and across ownership systems, carry out industrial chain integration, and create independent and controllable industrial chains and supply chains. Industrial concentration has been further improved, forming 3 to 5 large-scale civil explosive enterprises (groups) with strong international competitiveness.
In recent years, mergers and acquisitions by leaders in the civil explosives industry have accelerated. For example, in October 2024, Jiangnan Chemical planned to acquire a 35.97% stake in Hongqi Civil Explosives. In February 2025, Guangdong Hongda completed the acquisition of a 21% stake in Xuefeng Technology. According to the China Explosive Association, the industrial explosive output of production enterprises in 2024 is 66.3%. Wang Huabing of Debon Securities pointed out that this opinion proposes to encourage civil explosive enterprises to reorganize and integrate across regions and across ownership systems and carry out industrial chain integration, and the industry concentration is expected to further increase in the future.
According to the Cailian theme library, among the relevant listed companies:
IpuliIt is mainly engaged in the production, R & D and sales of civil explosive equipment and military products. Through years of deep cultivation in the region with Hunan as the core, the product market has been deployed in South China, Southwest, Northwest and other regions.
Huhua StockThe main products are industrial explosives, industrial detonators, industrial cables, detonators, and blasting services.
Related stocksHuhua Stock+3.94%Ipuli+8.39%
