Company code: Kaili Catalyst & New Materials Co.Ltd(688269) company abbreviation: Kaili Catalyst & New Materials Co.Ltd(688269) Kaili Catalyst & New Materials Co.Ltd(688269)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes 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 should go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2 major risk tips
The company has elaborated various risks and countermeasures that the company may face in the process of operation in this report. Please refer to “IV. risk factors” in “section III Management Discussion and analysis” of this report. 3 the board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 4. All directors of the company attended the board meeting. 5 ShineWing Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 6. The company is not profitable and has not yet achieved profitability when it is listed □ yes √ No 7. The profit distribution plan or the plan for the conversion of provident fund into share capital in the reporting period adopted by the resolution of the board of directors
In 2021, the company plans to distribute a cash dividend of RMB 10.00 (including tax) to all shareholders for every 10 shares based on the total share capital on the date of equity distribution and equity registration. As of December 31, 2021, the total share capital of the company is 93360000 shares. Based on this calculation, the total cash dividend to be distributed is 93.36 million yuan (including tax). This profit distribution does not implement other forms of distribution, including conversion of capital reserve into share capital and bonus shares. The plan has been deliberated and approved at the third meeting of the third board of directors of the company and needs to be submitted to the general meeting of shareholders of the company for deliberation. 8. Whether there are important matters such as special arrangements for corporate governance □ applicable √ not applicable
Section II basic information of the company
1 company profile company stock profile √ applicable □ not applicable
Company stock profile
Stock type stock exchange stock abbreviation before stock code change stock abbreviation and sector
A-share Shanghai Stock Exchange Kaili Catalyst & New Materials Co.Ltd(688269) Kaili Catalyst & New Materials Co.Ltd(688269) not applicable
Scientific innovation board
Profile of company depositary receipts □ applicable √ not applicable
Contact person and contact information
Contact person and contact information secretary of the board of directors (domestic representative of information disclosure) securities affairs representative
Name: Wang Shi Hongshi Jingwen
Office address: No. 6, west section of Jingqin Road, Jingwei new town, Xi’an Economic and Technological Development Zone, No. 6, west section of chengjingqin Road, Jingwei new town, Xi’an Economic and Technological Development Zone
Tel: 02986932830
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period (I) main business, main products or services
The company is mainly engaged in R & D and production of precious metal catalysts, research and development of catalytic application technology, recovery and reprocessing of waste precious metal catalysts, etc. on this basis, the company is also constantly strengthening the research and development of other new catalysts.
1. Precious metal catalyst products
The company has hundreds of precious metal catalyst products, mainly taking platinum group metals (platinum, palladium, ruthenium, rhodium, iridium, etc.) as catalytic active components. According to the category of catalytic reaction, it can be divided into two main product categories: heterogeneous catalyst and homogeneous catalyst. According to the preparation process and specifications, there are more than 300 kinds in total.
The company’s product models are different, the preparation process is different, and the production time of various products is also different. Most products are produced within one week.
(1) Heterogeneous catalyst
Heterogeneous catalyst is the catalyst with the highest proportion in industry. It is generally composed of active components, additives and supports. Active components are substances that can change the rate of chemical reaction without appearing in the final product. Additives are a small amount of substances added to the catalyst to improve the performance of the catalyst. The carrier is the dispersant or support of the active component of the catalyst. The main function of the support is to increase the effective surface of the catalyst, provide appropriate pore structure, and ensure the dispersion of active substances and the mechanical strength and thermal stability of the catalyst. The company’s heterogeneous catalysts mainly use palladium (PD), platinum (PT), ruthenium (RU), rhodium (RH) and other precious metals as active components and activated carbon as carrier.
(2) Homogeneous catalyst
The company’s homogeneous catalysts are mainly platinum group metal inorganic compounds or organic metal complexes.
2. Precious metal catalyst processing services
While producing and selling precious metal catalyst products, the company also provides customers with precious metal catalyst processing services. In processing services, precious metal raw materials are used as turnover materials and do not participate in transaction pricing. The company considers the consumption of process, personnel, equipment and auxiliary materials required for processing, and collects processing fees according to the processing quantity of products.
3. Research and development services of catalytic application technology
Relying on years of basic accumulation, understanding and research and development of catalytic reaction, and relying on the ability to research and develop new and efficient catalytic synthesis process technology and optimize and improve the catalytic synthesis process of downstream products, the company can provide customers with services such as development, consultation and process improvement of catalytic application technology. At the same time, in the catalytic application technology service, the company can continuously improve the performance of catalyst and research and develop special catalyst, It can not only provide customers with catalytic reaction technical services, but also provide customers with more excellent and suitable catalyst products. Relying on high-quality catalyst products and advanced catalytic synthesis technology, the company provides customers with whole process process design and consulting services, replaces the production process of customers’ existing products with a new catalytic synthesis process with safety, efficiency, green environmental protection and low cost, realizes deep binding with customers, and promotes the continuous and stable growth of the sales scale of the company’s catalyst products with technological innovation. （2） Main business model
During the reporting period, there was no significant change in the company’s business model.
1. Sales model
The company makes profits through independent research and development, production and sales of precious metal catalyst products to customers, or providing precious metal catalyst processing, catalytic application technology development and other services. The company’s relevant products and services are mainly provided by direct selling, that is, directly signing contracts and settling payments with end users, and providing them with technical support and after-sales services. At present, the company’s customers are mainly distributed in the fields of medicine, new chemical materials, pesticides, dyes and pigments, and vigorously expand new fields such as basic chemical industry, environmental protection and new energy. The company’s choice of downstream industries mainly depends on the target market capacity and market cycle, that is, whether the market capacity has enough development space and whether the market cycle can maintain long-term stability.
2. Procurement mode
The company has set up a material department to be responsible for matters related to procurement and material management. The company establishes and strictly implements the procurement material classification and supplier classification management system, and adopts the procurement mode of combining regular procurement and real-time procurement according to the actual production situation.
3. Production mode
The company implements the production mode of “setting production according to sales”. The marketing department shall submit the product demand sheet to the operation support department according to the contract; After the operation support department determines the production process according to the product demand list, it issues the production task list to the corresponding production department; The production department organizes production according to the mo. In order to ensure stable supply and improve production efficiency, for some long-term customers with large orders and stable demand, the company’s marketing department will generally make order pre judgment, and the operation support department will arrange the production department to produce and prepare goods in advance.
The existing production lines of the company are mainly divided into three categories: heterogeneous precious metal catalyst production, homogeneous precious metal catalyst production and precious metal recovery, separation and purification production. The company’s existing three categories of production lines are completely independent. Due to different production processes and processes, there is no common production line among the three categories of production lines. The three categories of production lines cannot be switched to each other and the production capacity cannot be allocated. However, the three types of production lines are divided into multiple product production lines according to the types of precious metals, production processes, carrier types and other factors. There are common production equipment and capacity allocation among the internal product production lines.
4. R & D mode
The company adopts the research and development mode of independent research and development supplemented by cooperative research and development. The technical center of the company has six research rooms and two testing groups: heterogeneous catalyst research room, continuous catalysis research room, catalytic synthesis research room, environmental catalytic technology research room, homogeneous and micro reaction research room, recovery and recycling research room, catalytic performance evaluation and testing group and physicochemical performance testing group. They are responsible for the technical research and development of the company from different directions, forming the combination of independent research and development and customer demand research and development R & D mechanism that takes into account both short-term and medium and long-term scientific research objectives.
Independent research and development of the company means that the company innovates products and technologies based on its own judgment of industry, market development trend and technological development, continuously increases product types, improves technical level, meets or develops market demand and maintains the leading technical level in the industry; Customer demand R & D is that the personnel of the business department or marketing department judge the technical feasibility according to the actual needs of customers and the current situation of the company’s products and technologies, and then meet the requirements of customers through technological breakthrough or new product R & D. At the same time, the company comprehensively considers the resources, cost and cycle required for project R & D, and adopts the way of cooperative R & D with scientific research institutes and other institutions in the R & D process of some projects, so as to improve the R & D efficiency and the company’s comprehensive R & D strength. By undertaking the scientific research projects of relevant national departments, the company always pays attention to the cutting-edge scientific and technological trends of the industry, and maintains the scientific research sensitivity and sustainable innovation ability. （3） Industry 1 Development stage, basic characteristics and main technical threshold of the industry
Catalysis is a typical comprehensive cross science, which is located at the intersection of basic research and applied research. It is closely connected with green chemistry and sustainable development. It is the most important science and technology in the chemical industry and one of the important high-tech and green environmental protection technologies. In the classification of strategic emerging industries issued by the National Bureau of statistics in 2018, catalysts, including various precious metal catalysts, belong to the new material industry in strategic emerging industries. In China’s 14th five year plan and national key R & D plan, catalysts have also been included in the field of new materials.
As the “heart” of the chemical industry, catalysts are widely used, including chemical industry, medicine, pesticides, materials, resources, energy, environmental protection and so on, involving the national economy and the people’s livelihood. The EU’s “Horizon 2020” plan lists seven major challenges facing human society, of which four coping strategies should be realized through catalytic technology. It believes that catalysis is the key core technology of a sustainable society in the future. China’s “13th five year plan for national basic research” points out that catalysis should provide material basis and technical support for solving key problems in the fields of energy, resources, environment and population health. In addition, many catalysts in China still depend on imports, especially in the fields of basic chemical industry, new chemical materials and hydrogen energy. Therefore, the task of catalyst development in China is still arduous and promising for a long time. According to the report on in-depth market research and investment prospect prediction and analysis of precious metal catalyst industry in 20182023 released by xinsijie Industrial Research Center, it is expected that the demand scale of China’s precious metal catalyst industry will expand to 20.56 billion yuan in 2023.
2021 is the first year of the “14th five year plan” and also the intersection period for China to complete the first Centennial goal and forge ahead towards the second Centennial goal. This period is in a period of great changes in the world in a century. The international environment is becoming increasingly complex, instability and uncertainty have increased significantly, opportunities and challenges facing China coexist and intensify, and adverse factors such as the reconstruction of the world economic structure and the rise of trade protection have increased. At the same time, global economic cooperation and the construction of a community with a shared future for mankind have also become the consensus of most countries and people with lofty ideals. The impact of informatization, intelligence and digitization on the global economy, science and technology and life has intensified. A new generation of technological revolution has arrived, and China has entered a period of high-quality development. Self reliance and self-improvement in science and technology has become a national strategy, and solving major national needs and neck problems has become our common responsibility. In recent years, a number of catalytic materials and technologies have been involved in the national major scientific and technological R & D plans in functional materials, advanced materials, efficient utilization of coal, hydrogen energy and environmental protection. In 2021, a special catalytic project has also been established in the national major scientific and technological R & D project. “Catalysis” is involved in the 14th five year plan of many industries, which provides more development opportunities for enterprises in the “catalysis” field, including Kaili Catalyst & New Materials Co.Ltd(688269) .
At present, a new round of scientific and technological revolution and industrial reform are in-depth development. China’s unbalanced and insufficient development is still prominent, and the task of reform in key areas and key links is still arduous. Especially for a country with a large population, our development tasks in food, energy, resources, environment and people’s health are still very arduous. In solving these problems and development, Catalysis plays a role of technical and material support.
China advocates and promotes a community with a shared future for mankind, actively participates in and leads global environmental governance, and promotes the process of carbon peak and carbon neutralization, which puts forward higher requirements for China’s industrial structure adjustment, green production and people’s life. In 2021, China’s various industries are formulating a roadmap for carbon peak and carbon neutralization. In terms of emission reduction and carbon reduction, “catalysis” also has great potential.
As a green and environmental protection high-tech, catalysis is the core technology of the chemical industry and plays a key role in the development of energy, resources, environmental protection, health, new chemical materials and other fields. The catalytic performance is mainly tested and evaluated through downstream applications. The catalyst production enterprises need to have deep technical accumulation and industrialization experience in research, pilot test and industrialization, as well as the long-term recognition, cooperation and support of downstream customers. Continuous R & D investment, excellent technical team, good market foundation and the ability to cooperate with universities and scientific research institutes are the key elements for the sustainable development of enterprises in the catalytic industry. In short, catalyzing innovation with strong technical strength and strong R & D team
