Shandong Kaisheng New Materials Co.Ltd(301069) 2021 double increase in revenue and net profit, the best level in history

On the evening of March 16, Shandong Kaisheng New Materials Co.Ltd(301069) disclosed its first annual report after listing. During the reporting period, the company achieved an operating revenue of 880 million yuan, a year-on-year increase of 40.95%, and a net profit attributable to shareholders of listed companies of 193 million yuan, a year-on-year increase of 20.5%, creating the best level in history. In terms of dividends, the company plans to distribute a cash dividend of 2.5 yuan (including tax) to all shareholders for every 10 shares.

Shandong Kaisheng New Materials Co.Ltd(301069) is mainly engaged in the R & D, production and sales of fine chemical products and new polymer materials. The main products include thionyl chloride, aramid polymer monomer (M / p-benzoyl chloride), p-nitrobenzoyl chloride, Chloroether and polyether ketone. At present, the company is the world’s largest manufacturer of thionyl chloride and China’s leading manufacturer of aramid polymerization monomers. After the continuous exploration and innovation of the company, the company takes M / p-benzoyl chloride as the raw material to further extend the industry to the downstream high-performance polymer material polyether ketone ketone, and gradually forms a development strategy extending from the field of fine chemical industry to the field of polymer materials.

The company said that with the continuous expansion of the application scope of sulfoxide chloride, especially in the food additive industry such as aramid polymerized monomer and sucralose, new energy industry such as lithium battery and other carboxylic acid derivatives, the demand for sulfoxide chloride will further increase. At the same time, as the Weifang Kaisheng production base of the company is completed and put into operation and new products such as polyether ketones and ketones are put into the market in batches, it will bring more performance growth points to the company.

Among them, the company will focus on accelerating the application development and further industrial upgrading of polyether ketone and other new material products. It is understood that as high-performance composites and special engineering plastics, new material products such as polyether ketone and ketone are widely used in 3D printing, aerospace, high-speed trains, electronic and electrical manufacturing, human implant medical and other industries. They have important strategic significance for national development and the improvement of residents’ living standards, and have broad prospects for development in the future.

For the next business plan, the company said that it will continue to realize the product structure, radiate the four downstream industries of new pigments, new pesticides, new materials and new energy, establish the world’s largest thionyl chloride recycling industry ecosystem and realize the integrated production of the industrial chain. At the same time, accelerate the construction of Weifang Kaisheng production base, a subsidiary, improve the production capacity of existing products and make up for the vacancy of production capacity of some new products, so as to enhance the overall competitiveness of the company.

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