Securities code: Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) securities abbreviation: Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) Announcement No.: 2022030 Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) 2021 annual report summary I. important tips the summary of this annual report is from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, Investors shall carefully read the full text of the annual report in the media designated by the CSRC. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
Tips of non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of common stock or the plan of converting accumulation fund into share capital in the reporting period reviewed by the board of directors √ applicable □ not applicable whether to convert accumulation fund into share capital □ yes √ no the company’s profit distribution plan of common stock reviewed and approved by the board of directors is: Based on the total share capital on the equity registration date when the distribution plan is implemented in the future, Distribute cash dividend of 0.50 yuan (including tax) to all shareholders for every 10 shares, and give bonus shares of 0 share (including tax), and do not use the accumulation fund to increase the share capital.
Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) stock code Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Chen Huimin, Miao bin
Office address: No. 55, Jianshe Road, Yunting street, Jiangyin City, Jiangsu Province
Fax: 051086013255
Tel: 051081629928
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
The company’s business mainly involves fine chemicals, new materials and new energy.
Fine chemical products: environmental protection organic solvent, n-isobutyraldehyde, butyl octanol, polyol, high temperature resistant environmental plasticizer, insulating resin, powder coating monomer, light curing coating monomer and other series. The products are mainly used in coating, ink and other related industries. The production capacity, quality and market share rank in the forefront of the industry. It has two major markets in China and abroad. It is a long-term and stable partner of many of the world’s top 500 chemical and coating enterprises.
New material products: needle coke, negative electrode materials (graphitization), positive electrode materials, resource utilization of waste lithium batteries and other industrial projects. The products are mainly used in electric furnace steelmaking, new energy, new materials and other fields.
New energy products: lithium ion batteries, battery packs and energy storage systems of various specifications and models. The products are positioned at the application end of “universal energy storage”, covering many application fields such as large container energy storage system, industrial and commercial energy storage products, household energy storage equipment and communication standby power.
(I) company products
At present, the main products sold by the company are basically introduced as follows: 1. Fine chemical products (1) acetate
Product name basic introduction
Butyl acetate is a colorless and transparent liquid with pleasant fruity smell. It is miscible with organic solvents such as alcohol, ether and ketone. It is p-ethyl fiber
Lignin, cellulose acetate butyrate, polystyrene, methacrylic acid resin, chlorinated rubber and a variety of natural gums are relatively good
Good solubility, usually used in organic solvents and food flavors.
Ethyl acetate is a colorless transparent liquid, soluble in water, chloroform, ethanol, acetone and ether. It can be used as an industrial solvent in cellulose acetate
Production of vitamin, ethyl fiber, chlorinated rubber, ethylene resin, acetate fiber resin, synthetic rubber, coating and paint
It can also be used as adhesive, extraction agent, flavor material, etc.
Propyl acetate is a colorless transparent liquid, which can be miscible with ethanol and ether. It has a special fruit flavor. It is usually used as a solvent in coatings
Ink, nitro spray paint, varnish, resin and other industries can also be applied to the flavor and fragrance industry.
(2) Trimellitic anhydride and esters
Product name basic introduction
Trimellitic anhydride is a white flake solid, which is soluble in hot water, acetone, 2-J ketone, dimethylformamide, ethyl acetate and cyclohexanone
And other solvents, which can be used in the production of polyvinyl chloride plasticizer trioctyl metabenzoate. In addition, trimellitic anhydride is also available
As epoxy resin curing agent, heat-resistant insulation laminate, heat-resistant varnish, stabilizer, dye pigment, surfactant
Polybasic acids for film and water-soluble coatings.
Trioctyl metabenzoate is a heat-resistant and durable plasticizer, which has the advantages of polyester plasticizer and monomer plasticizer
Processability and low temperature property are also better than polyester plasticizer. Trioctyl metabenzoate is mainly used for 105 ℃ grade heat-resistant electric wires
The production of cable materials and other sectors, sheets, gaskets and other products requiring heat resistance and durability is also applicable to
Vinyl chloride copolymer, cellulose nitrate, ethyl cellulose, polymethylmethacrylate and other plastics.
(3) Alcohol ethers
Product name basic introduction
Propylene glycol methyl ether is an alcohol ether solvent with excellent solubility and moderate volatilization speed. It is mainly used as solvent, dispersant and dilute solvent
Release agent and extractant are used in coating, ink, printing and dyeing, pesticide and other industries.
Propylene glycol methyl ether acetate colorless liquid is a solvent with strong solubility to polar and nonpolar substances. It is mainly used for printing ink
Paint, textile dye and textile oil agent can also be used as cleaning agent in the production of LCD, which is suitable for dissolving ammonia
Methyl ester, vinyl, polyester, cellulose acetate, alkyd resin, acrylic resin, epoxy resin and
Nitrocellulose and other resins.
(4) Polyol products
Product name basic introduction
Trimethylolpropane is a white flake crystal, which is easily soluble in water, low-carbon alcohol, glycerol, N, N-dimethylformamide and other solvents. It is mainly used
It can be used in alkyd resin, polyurethane, unsaturated resin, polyester resin, coating and other fields. It can also be used in the synthesis of aviation lubricant
Lubricating oil, printing ink, etc. can also be used as textile additives and heat stabilizer of PVC resin. It is a very heavy oil
Fine chemical products to be.
BIS trimethylolpropane is used in the production of acrylic monomers / oligomers, synthetic lubricants, cosmetics, special resins and chemical intermediates
Foaming agent, coating resin, PVC stabilizer and other fine chemicals.
(5) Insulating resin products
Product name basic introduction
Insulating resin is a kind of coating with excellent electrical insulation performance, which can produce good insulation between wires in windings
The edge layer is mainly used for the outer layer of bare copper wire, alloy wire and glass wire with various wire diameters to improve and stabilize the paint coating
Line performance.
(6) Acrylate products
Product name basic introduction
Polyol acrylate is mainly used as reactive diluent for UV curing coatings and inks. This product is a functional monomer with high boiling point
High activity, low volatility and low viscosity. It has good compatibility with acrylic prepolymer and can be used for active dilution
It is used for UV and EB radiation crosslinking. It can also become a component of crosslinking polymerization. At the same time, it is also widely used in light curing
Ink, surface coating, coating and adhesive, and give good wear resistance, hardness, adhesion and brightness.
Sodium polyacrylate solution sodium polyacrylate is an important chemical product with a wide range of uses. It can be used as an auxiliary material of coatings and can be used as
It is a dispersant and can be used as a water treatment agent. In environmental protection, food, medicine, textile, water treatment, petrochemical
It is widely used in metallurgy and other departments.
2. New material products (1) needle coke
Product name basic introduction
Needle coke is a kind of carbon material. Its appearance is silver gray, porous solid with metallic luster, and its structure has obvious fluidity
Texture, the pores are large and few and slightly oval, and the particles have a large aspect ratio, like fibrous or needle like texture
It is used to produce ultra-high power electrodes, lithium battery negative electrodes, special carbon materials, carbon fibers and
Its composite materials and other high-end carbon products are raw materials.
(2) Negative electrode material (graphitization)
Product name basic introduction
The negative electrode material is made of carbon material, with good conductivity, high crystallinity, good layered structure and suitable for
The intercalation and de intercalation of lithium has a good charge discharge potential platform.
3. New energy products
Lithium iron phosphate battery core and module
Product name basic introduction
The high-capacity lithium iron phosphate battery is assembled with lithium iron phosphate (LiFePO4) as the positive material and artificial graphite as the negative material
Shape aluminum shell lithium ion battery, with monomer capacity covering 100ah-350ah. Lithium iron phosphate battery has the advantages of high working voltage
It has the advantages of high energy density, long cycle life, good safety performance, low self discharge rate and no memory effect
It is used in the fields of power and energy storage.
The standard energy storage module takes the lithium iron phosphate square aluminum shell monomer as the basic element and is arranged according to a certain pattern for standardized design
The row or aluminum row is connected into a special basic unit for energy storage by laser welding, and the standardized module is convenient for handling, installation and maintenance
And cost reduction. The energy storage module is applied to the electric quantity storage of the electric energy storage system.
(II) process flow chart of main products of the company
1. Acetate products
2. Polyol products
3. Trimellitic anhydride and ester products
(1) Trimellitic anhydride
(2) Trioctyl metabenzoate 4. Alcohol ether products (1) propylene glycol methyl ether (2) propylene glycol methyl ether acetate
5. Main products of insulating resin 6, acrylate 7 and sodium polyacrylate
8. Needle coke
9. 10. Lithium iron phosphate battery module material
(III) correlation between the company’s industry and upstream and downstream industries
The upstream industry of the company’s chemical products is the chemical raw materials industry. The main raw materials required by the company include glacial acetic acid, n-butanol, methanol, ethanol, propanol, n-butyraldehyde, metatrimethylene and other basic chemical products. Most of the above chemical raw materials are bulk commodities. The industry is mature and the supply of raw materials is sufficient. Its market price is greatly affected by factors such as supply and demand and international oil price. The sharp fluctuation of international oil price will affect the market price of relevant raw materials to a certain extent, and then affect the direct material cost of the company. When the price of upstream raw materials rises or falls, the company will adjust the product sales price according to the change range of raw materials and the market demand, but the change time may lag. Therefore, the fluctuation of upstream industry will affect the company’s procurement cost and product price to a certain extent. The company’s main chemical products are butyl acetate, ethyl acetate, propyl acetate, trimethylolpropane and propylene glycol
