The research report released on February 17 said that the recommended rating of Xinjiang Zhongtai Chenical Co.Ltd(002092) (002092.sz, latest price: 10.82 yuan) was maintained. The reasons for rating mainly include: 1) net profit increased significantly in 2021, but Q4 performance was lower than expected; 2) The price of main products stabilized and rebounded + calcium carbide projects under construction, bringing flexibility to the company’s performance; 3) It is proposed to acquire MEC chemical to achieve a wholly-owned holding and vigorously layout the BDO track. Risk warning: the risk that the downstream demand is less than expected, the risk of sharp rise in the price of dissolved pulp, the risk of sharp decline in the price of main products, and the risk that the progress of major asset restructuring is less than expected.
AI comments: Xinjiang Zhongtai Chenical Co.Ltd(002092) received the attention of one Research Report of securities companies in recent month.
