Kaili Catalyst & New Materials Co.Ltd(688269) ( Kaili Catalyst & New Materials Co.Ltd(688269) . SH) announced on March 31 that in 2021, the company achieved an operating revenue of 1.589 billion yuan, a year-on-year increase of 51.05%; The net profit attributable to the shareholders of the parent company was 163 million yuan, a year-on-year increase of 54.34%. In 2021, the company plans to distribute a cash dividend of 10 yuan (including tax) for every 10 shares to all shareholders.
Kaili Catalyst & New Materials Co.Ltd(688269) 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.
By industry, Kaili Catalyst & New Materials Co.Ltd(688269) main business income came from chemical reagents and additives, with a revenue of 1.58 billion yuan during the reporting period, a year-on-year increase of 54.08%.
The company said that the growth of the company’s revenue during the period was mainly due to the growth of downstream demand, resulting in the overall sales volume of precious metal catalyst products increasing by 34.43% over the previous year; The product structure of the company was further optimized. The revenue of homogeneous precious metal catalysts with high unit price increased by 145.24% over the same period of last year, which contributed greatly to the overall revenue growth; Catalyst products and catalytic application technology have a deep accumulation in the field of fine chemical industry, realizing customer expansion and product breakthrough; The market application and promotion of the basic chemical industry with key layout has accelerated, and the product performance is gradually recognized by customers.
In terms of products, the operating revenue of homogeneous catalyst during the period was 813 million yuan, with a year-on-year increase of 145.24%; The output was 18.73 tons, a year-on-year increase of 560.32%; The operating revenue of heterogeneous catalyst was 764 million yuan, with a year-on-year increase of 11.40%, and the output was 144.16 tons, with a year-on-year increase of 37.29% Kaili Catalyst & New Materials Co.Ltd(688269) said that during the reporting period, when the overall sales volume of the company increased, the production and sales volume of homogeneous catalyst products increased significantly compared with the previous year, which was mainly due to the company’s increased development of homogeneous catalyst and the optimization of product performance.
The main business cost was 2.49 billion yuan, a year-on-year increase of 2.41%. Among them, the operating cost of homogeneous catalyst was 695 million yuan, a year-on-year increase of 160.63%, and the gross profit margin decreased by 5.04 percentage points; The operating cost of heterogeneous catalyst was 630 million yuan, with a year-on-year increase of 8.08% and a gross profit margin increase of 2.53 percentage points. The company said that the increase of main business cost was mainly due to the increase of product output with sales volume, the use and price of raw and auxiliary materials increased compared with the same period of last year, resulting in the increase of material cost by 56.34% and direct labor by 43.38% compared with the same period of last year.
In terms of period expenses, during the reporting period, the company’s administrative expenses were 23.38 million yuan, with a year-on-year increase of 43.19%, mainly due to the increase in employee compensation caused by the increase in the number of employees and the increase in listing expenses of the company during the reporting period; The R & D expenses were 50.601 million yuan, with a year-on-year increase of 51.69%, mainly due to the company’s increased investment in the research and development of homogeneous catalyst, environmental protection catalyst, catalytic technology and new catalyst, and the increase in the number of R & D personnel and employee compensation compared with the same period of the previous year.
Kaili Catalyst & New Materials Co.Ltd(688269) said that the company will make use of its advantages in R & D, technology, market and brand to strengthen cooperation with Chinese universities, scientific research institutes and enterprises, continuously strengthen the leading development strategy of technological innovation, continue to consolidate and strengthen the company’s leading position in precious metal catalysts and Catalytic Application technology in the field of fine chemicals, and continue to improve the company’s competitiveness with international giants.
