Securities code: Valiant Co.Ltd(002643) securities abbreviation: Valiant Co.Ltd(002643) Valiant Co.Ltd(002643) investor relations activity record
No.: 20220326
Investor relations activity category √ □ specific object research □ analyst meeting
□ media interview □ performance briefing
□ press conference □ Roadshow
□ site visit □ one-to-one communication
□ others
Name of participant and surname: Anxin Fund: Chen Chen Penghua Fund: DU Liang
Minganxin Securities: Lin Jiandong, Zhang Wangqiang, Pengyang Fund: Xu Kunlun, Zhang Wang
BOC Investment: Lin Jianjun, Pu yinansheng: Dai Chenyang
Caitong Securities Co.Ltd(601108) : Lu Xinzhi, Shao Shashi financing fund: Li Wenhai
ChuangJin Hexin Fund: Gong Chao, TEDA Manulife: Liu Shaoqing
Orient Securities Company Limited(600958) : Guo zhe Taikang assets: Liu Shaojun, Wang Duolin
Wells Fargo Fund: Shen Heng, Zhang Xiaowei, Huang Yandong Taixin Fund: Xu muhao
Guohua insurance asset management: Ju Long Tianfeng Securities Co.Ltd(601162) : Guo Jianqi, Tang Jie
Guolian’an Fund: Wang Dong Taiping assets: Zhao Xinyu
Cathay Pacific Fund: Qian Xiaojie Wanjia Fund: Wang Yang
GF Fund: Wang Yunyu, Xingshi Investment: Xiang Shijie, Mao Jian
Haifutong Fund: suijingzhen Xingye Global Fund: Li Nanzhu, Xu Liuming Haitong Securities Company Limited(600837) : Zhang Cuicui Xingyin Fund: Shi Liang
Harmony Huiyi: Wang Chengqiang xingyin financial management: Zhuang Weibin
Evergrande life: Chen moxusong capital: Yan Beina
Hongcheng Investment: Chen Qian Yinhua Fund: Shi Hang
Hua’an Fund: Zhang ruiyingfeng capital: Li Minggang
Huatai Securities Co.Ltd(601688) : Yao Wen Yi Yuanxin Investment: Yang Dazhi, Zhou Yang
Magic square quantification: Xu Chenghui Chang’an Fund: Xiao Yuqi
HSBC Puxin: Zheng Xiaobing, Xu Zhe, Changjiang pension: Ma Rui
Huitianfu Fund: Takata HO Changjiang Securities Company Limited(000783) : ye Jiahong
Huabao Fund: Yang Qi Changxin Fund: Tang zhuojing
Jinglin assets: Jiang Wenchao Xinda AoYa Fund: Guo min
Lingren Investment: Chen Cheng Investment Promotion Fund: Zhao Zongyuan
Morgan Stanley Huaxin Fund: Duan Yifan China Merchants Securities Co.Ltd(600999) : Cao Chengan
Nanfang Fund: Zheng Yong Zheshang chemical industry: Li Hui
China Europe Fund: Wang Xi, Wang Jian Zhejiang business asset management: Wang Yuan
Zhongtai Securities Co.Ltd(600918) : Xie Nan Zhonggeng Fund: Liu Sheng
Citic Securities Company Limited(600030) : Li Chao, Chen Wang, Xiao Rui The People’S Insurance Company (Group) Of China Limited(601319) assets: Cai chungen
BOC asset management: Chen Guanxiong China International Capital Corporation Limited(601995) : Ding Kuangda, Jia Xiongwei, Hou Yilin, Wang Tianhe, Zhao Qichao, Xia siting, Xiao Yaping
Time: 14:00 ~ 15:30, March 26, 2022
Place: meeting room on the sixth floor of Valiant Co.Ltd(002643) headquarters (online meeting)
Name of receptionist of Listed Company Secretary of the board of directors: Yu Shumin
Securities affairs representative: Xiao Xinling
Other staff of Securities Department
1、 Company profile
2021 is a challenging year. In the face of various pressures such as the rising price of upstream raw materials and covid-19 epidemic, the company’s main business indicators have reached a new high compared with history.
Among them, the company achieved an operating revenue of 43585228 million yuan in 2021, a year-on-year increase of 49.36%; The net profit attributable to the main shareholder investor relations activities of listed companies was 626658900 yuan, a year-on-year increase of 24.16%; The R & D investment of the company increased by 2.9379 million yuan year-on-year, providing a guarantee for the company’s R & D investment in the future, with a year-on-year increase of 2.9379 million yuan. During the reporting period, the company’s three business segments of electronic information materials, environmental protection materials industry and big health industry developed to varying degrees compared with the same period last year. The management of the company is full of confidence in the future development of the company.
The company expects the net profit attributable to the shareholders of the listed company in the first quarter of 2022 to be 210 million yuan – 250 million yuan
Billion yuan, a year-on-year increase of 59.38% – 89.74%.
The company plans to carry out the phase I construction project of cecep Wanrun (Penglai) new materials to vigorously develop the company’s new materials business. The planned total investment of the project is 1804673600 yuan, which is used to expand the production capacity of the company’s electronic information materials, special engineering materials and new energy materials, including 1150 tons / year of electronic information materials, 6500 tons / year of special engineering materials and 250 tons / year of new energy materials. The project still needs the approval of the general meeting of shareholders.
2、 Q & a session
1. The company has been developing continuously in recent years. What kind of enterprise do you want to become in the future?
A: the company hopes to develop into a world-class manufacturer of advanced chemical materials in the future. Since its establishment, the company has been focusing on the R & D and industrial application of chemical synthesis technology. Relying on a strong R & D team and independent innovation ability, the company has developed hundreds of products every year and now has the production technology of more than 6000 compounds, of which more than 2000 products have been put into the market and obtained more than 400 invention patents at home and abroad. With the accumulation of technology and experience in R & D and innovation, proprietary technology, industrial application, production process control, key parameter control, safety and environmental management and occupational health in the field of chemical synthesis, the company has established a scientific and technological innovation platform dominated by the R & D and industrial application of chemical synthesis technology, and strives to build the company into a source of original technology and a manufacturer of advanced chemical materials in the world.
2. Seeing the company’s new construction project, would you like to ask whether the project has started the preparatory work now and whether the follow-up construction will be reflected in the announcement?
A: the preparatory work for the phase I construction project of cecep Wanrun (Penglai) new materials has been carried out. It has passed the project approval and filing of relevant government departments and the review of project energy conservation assessment report. It still needs to pass the preliminary approval procedures such as environmental impact assessment, safety assessment and occupational health assessment of relevant government departments, and the land required for the implementation of the project needs to be obtained. The project needs to be approved by the general meeting of shareholders and relevant government departments before construction. If the project starts construction, it will be reflected in the projects under construction in the annual report or semi annual report.
3. What are the main product categories and development status of photoresist materials and PI business in the company’s electronic information materials?
A: polyimide products of the company include monomer materials and finished materials, which are mainly used in electricity
Sub and display fields. In terms of polyimide monomer materials in the field of electronics and display, the company’s production technology can cover most high-end products at present; In terms of polyimide finished materials in the field of electronics and display, the polyimide finished materials with independent intellectual property rights of March technology, the holding subsidiary of the company, have been verified and supplied by downstream customers. In addition, March technology established Yantai March Technology Co., Ltd. in March 2021. Its main business scope includes technology research and development and promotion services of new materials such as polyimide, manufacturing and sales of special electronic materials, laying the foundation for the sustainable development of finished polyimide materials. The company’s photoresist material products include photoresist monomer and photoresist resin, which are mainly used in the field of semiconductor manufacturing. The company’s semiconductor photoresist monomer and photoresist resin product types and production technology cover most of the main products. In order to cope with the rapid development of the photoresist market in the future, the company launched the “65 ton annual photoresist resin series product project” in 2021. At present, the project is being actively promoted. In the future, the company will continue to develop new products of photoresist materials to enhance the competitiveness of the company’s photoresist products.
The polyimide materials and photoresist materials of the company are currently in the stage of layout development. It is hoped that they can continue to contribute to the development of the company’s electronic information materials industry in the future.
4. What is the amortization expense of the company’s equity incentive in 2021? If it is added to the net profit attributable to shareholders, what is the growth proportion of the net profit attributable to parent in 2021 compared with the previous year, and what is the amortization expense in 2022? A: the amortization amount of the company’s equity incentive expenses in 2021 increased the capital reserve by 28190195 yuan. The sum of the expenses plus the net profit attributable to shareholders increased by about 30% compared with the previous year. It is estimated that the amortization expense of equity incentive in 2022 will be about 84.57 million yuan, which does not represent the final accounting cost. The final result of the expense will be subject to the annual audit report issued by the accounting firm.
5. Could you introduce the specific performance of the first quarter of 2022.
A: at present, the company has disclosed the performance forecast of the first quarter of 2022, and the first quarter report of 2022 has not been disclosed. Please refer to the first quarter report of 2022 planned to be disclosed before the end of April for specific performance.
6. What is the development of electrolyte additives for new energy batteries?
A: the company actively arranges the field of electrolyte additives for new energy batteries, pays attention to and arranges some electrolyte additives for new energy batteries with certain technical characteristics and suitable for the company’s development, and related industries
At present, the business has a relatively small impact on the company’s performance. The phase I construction project of cecep Wanrun (Penglai) new materials planned by the company includes a production capacity of 250 tons / year of electrolyte additives for new energy batteries. I hope the project can be implemented smoothly.
7. Zeolite molecular sieve has a wide variety and application fields. Does the company plan to expand the application fields of zeolite molecular sieve and make a wide layout in research and development?
A: at present, the main application fields of zeolite series environmental protection materials developed and produced by the company include the field of diesel vehicle exhaust treatment of Euro 6, national 6 and the same level or above standards, and can also be applied to flue gas denitration, oil refining catalysis, volatile organic compound treatment and other fields. The production technology of this series of products belongs to the international leading level. While laying out and paying attention to the above fields, the company also continues to pay attention to the application of zeolite molecular sieve in other fields.
8. Please introduce the development of the company’s zeolite series environmental protection materials business in 2021.
A: the company’s zeolite series environmental protection materials business has developed well, with an increase over the same period last year. The two ZB series vehicle zeolite production workshops of the zeolite series environmental protection material construction project launched by the company in 2018 have reached the predetermined usable state in the first half and the second half of 2021 respectively, and have announced the relevant solid conversion information. The total theoretical capacity of the above two workshops is about 4000 tons / year. At present, the company’s zeolite series of environmentally friendly materials
