Shandong Shida Shenghua Chemical Group Company Limite(603026) 3 announced on March 15 that from January to February, the company achieved a total operating revenue of about 1.14 billion yuan, an increase of about 13.7% year-on-year; The net profit attributable to the shareholders of the listed company was about 310 million yuan, with a year-on-year increase of about 97.7%.
As the only whole industry chain company in the world that can provide lithium-ion battery electrolyte, solvent, solute and additive products at the same time, Shandong Shida Shenghua Chemical Group Company Limite(603026) focusing on carbonate products, focusing on the field of new energy and new materials, building a three-dimensional complete industry chain, extending fine chemicals business vertically and developing new lithium battery materials products horizontally. At present, the company has a market share of more than 40% in the global carbonate high-end solvent market. Its downstream customers cover the leading electrolyte manufacturers all over the world, and has established long-term and stable strategic cooperative relations with suppliers of many electrolyte customers.
As for the reasons for the change in performance, the company said that the company’s new energy related products maintained full capacity production, and the new production capacity of the company’s holding subsidiary Shandong Shida Shenghua Chemical Group Company Limite(603026) (Quanzhou) Co., Ltd. (hereinafter referred to as “Shenghua Quanzhou”) was successfully put into operation. In addition, some basic chemical plants with weak profitability were shut down, further focusing on the new energy sector, and the production and sales of new energy products were booming, It has achieved good business performance.
Previously, the company announced that the 120000 T / a vinyl carbonate unit of the 440000 T / a new energy materials project (phase I) invested and constructed by Shenghua Quanzhou was successfully put into operation, battery grade vinyl carbonate products have been produced, and the 100000 t / a dimethyl carbonate unit is still in trial production. After the project is completed, it can give full play to the advantages of the company’s carbonate business, integrate market resources, consolidate the leading core position of Shandong Shida Shenghua Chemical Group Company Limite(603026) carbonate industry, help to seize the market opportunity, provide source power for the sustained and rapid growth of the company’s lithium-ion battery material business, and further improve the company’s overall profitability, which is in line with the company’s long-term strategic development plan.
According to the data of Baichuan Yingfu, since the beginning of the year, the price of dimethyl carbonate in China has fallen, with a smaller decline in battery grade dimethyl carbonate. In early March, the average price of industrial dimethyl carbonate in China was 6000 yuan / ton, down 30% from the beginning of the year; The average price of battery grade dimethyl carbonate was 9857 yuan / ton, down 14% from the beginning of the year.
Insiders pointed out that at present, the price of battery grade carbonate solvent fluctuates little. It is expected that the solvent price will run smoothly in the future, which is the same as that in 2021. Recently, Shandong Shida Shenghua Chemical Group Company Limite(603026) on the investor interaction platform also said that from the change trend of electrolyte solvent price in the whole year, the price gradually declined in the first quarter due to the influence of factors such as the Spring Festival holiday, and reached the low point of the whole year at the end of the first quarter. In the second quarter, with the gradual increase in the production of new energy vehicles and lithium batteries and the recovery of demand, the price will stabilize and rise, and gradually climb. It is expected to reach the annual high in the third quarter and remain stable in the fourth quarter. As the company mainly serves international and Chinese electrolyte and lithium battery head customers, orders are mainly quarterly and monthly orders, supplemented by small orders according to the market, so the short-term price decline has little impact on the company’s benefits in the first quarter.
