Entering the annual report performance season, the annual performance of many chemical listed enterprises increased significantly in advance under the price rise tide last year.
On the evening of January 5, Inner Mongoliayuan Xing Energy Company Limited(000683) predicted that last year’s performance increased by more than 70 times, and Jiangsu Yida Chemical Co.Ltd(300721) predicted that the annual performance increased by nearly 40 times.
Ping An Securities pointed out that looking forward to 2022, with the peak of the price of cyclical products, the cost pressure of the downstream chemical industry will be relieved, and the prosperity of new energy and other industries is high. It is expected to continue to improve the market demand for relevant fine chemicals and new materials.
With Inner Mongoliayuan Xing Energy Company Limited(000683) dominated by natural gas chemical industry, coal chemical industry and natural alkali chemical industry, the pre profit in 2021 is 4.85 billion yuan to 5.05 billion yuan, with a year-on-year increase of 7022.3% to 7316%.
Inner Mongoliayuan Xing Energy Company Limited(000683) said that during the reporting period, the company’s soda ash and urea production units operated efficiently, and the average sales price of leading products increased significantly compared with the previous year; The contribution of the coal sector to the company’s profits increased significantly over the previous year. According to the overall strategic arrangement of focusing on the main business, the company transferred the equity of Inner Mongolia Boyuan Coal Chemical Co., Ltd., Inner Mongolia Boyuan United Chemical Co., Ltd. and Inner Mongolia Boyuan water Co., Ltd; Cancelled the subsidiary Inner Mongolia Yuanxing Jiangshan Chemical Co., Ltd; Terminated the construction of ethylene glycol project; Therefore, the amount of non recurring profit and loss is about 2.1 billion yuan. The above factors caused the company’s operating performance to rise in the same direction in 2021.
Focusing on the Jiangsu Yida Chemical Co.Ltd(300721) disclosure of alcohol ether and alcohol ether ester organic chemical products, the pre profit in 2021 was 120 million yuan to 150 million yuan, an increase of 3191.27% to 3964.09% over the previous year.
Jiangsu Yida Chemical Co.Ltd(300721) said that in 2021, affected by the better control of the epidemic situation in China and the higher prosperity of China’s chemical industry, the prices of the company’s alcohol ether and alcohol ether ester series products were at a high level, and the company’s sales revenue increased significantly over the same period of last year, resulting in a large increase in the performance of 2021.
Jiangsu Eastern Shenghong Co.Ltd(000301) it was announced on January 5 that the pre profit in 2021 was 4.1 billion to 5 billion yuan, an increase of 435% to 552.44% over the same period of the previous year. During the reporting period, the demand of the chemical industry recovered, superimposed on the upward impact of crude oil price, the industry entered a recovery cycle and the prosperity increased. The production capacity of EVA photovoltaic resin produced by sierbang was stable at more than 200000 tons / year. The 200000 tons / year differential functional chemical fiber project of ganghong fiber and the 60000 tons / year pet regenerated fiber project of China perch technology were completed and put into operation in the second half of 2020, increasing the profit contribution year-on-year.
At present, 20 companies in Shenwan chemical industry have disclosed the annual performance pre increase announcement. From the observation of the upper limit of the amount of pre increased net profit, the annual net profit of titanium dioxide leader Lb Group Co.Ltd(002601) is the highest. It is expected that the net profit in 2021 will be about 4.577 billion yuan to 5.722 billion yuan, with a year-on-year increase of 100% to 150%.
Lb Group Co.Ltd(002601) said that during the reporting period, the market of titanium dioxide, the company’s main product, was in a business cycle, the sales price increased significantly year-on-year, the utilization rate of existing titanium dioxide production capacity was improved, especially the company’s chlorination production capacity was effectively released, although the sharp rise in the price of raw and auxiliary materials and transportation expenses had a certain adverse impact on the operating performance, However, the company’s competitive advantage in the whole industrial chain of vertical integration fully appeared, which promoted the company’s net profit to increase significantly year-on-year.
The chemical cycle sector experienced a bull market in 2021. At present, the product price is at a high position, and the elasticity of upstream companies in the chemical industry chain is significantly greater than that of downstream enterprises.
Sinolink Securities Co.Ltd(600109) pointed out that the strategic direction of the chemical industry in 2022 mainly focuses on the subdivided fields with barriers and growth. Focus on the fields of domestic substitution of medium and high-end materials, and gradually domestic optical films, polymer materials, aramid, semiconductor materials and other fields; Pay attention to the upstream materials driven by the development of “new” fields, PVDF, EVA and other fields with technical barriers, as well as the fields such as positive electrode materials and electrolyte industry chain with rapid demand growth.
Ping An Securities believes that vigorously developing new chemical materials and high-end fine chemicals will be the two key tasks of the 14th five year plan. At present, with the strong support of policies and capital, this field is expected to accelerate its development. Looking forward to 2022, the high prosperity of new energy vehicles / wind power photovoltaic, the continuous expansion of green and environment-friendly plastic market, the gradual rise of artificial meat market and the rapid growth of oxygen and hydrogen production market are expected to drive the development of corresponding new materials.
(Securities Times)
