Securities code: Nanjing Baose Co.Ltd(300402) securities abbreviation: Nanjing Baose Co.Ltd(300402) Announcement No.: 2022004 Nanjing Baose Co.Ltd(300402) 2021 annual report summary
1、 Important note: 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 carefully read the full text of the annual report in the media designated by the CSRC. Objection statement of directors, supervisors and senior managers
Reasons why the name and position cannot guarantee the authenticity, accuracy and completeness of this report
It is stated that in addition to the following directors, other directors attended the meeting of the board of directors to consider this annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
The audit opinion of Dahua Certified Public Accountants (special general partnership) on the company’s financial report this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the accounting firm of the company this year is Dahua accounting firm (special general partnership). Tips of non-standard audit opinions □ applicable √ not applicable the company was not profitable when it was listed and is not profitable at present □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting provident fund into share capital in the reporting period reviewed by the board of directors √ applicable □ not applicable the profit distribution plan of ordinary shares reviewed and approved by the board of directors is: Based on 202000000, distribute cash dividend of 1.00 yuan (including tax) to all shareholders for every 10 shares, 0 bonus shares (including tax) will be given, and 0 shares will be added to all shareholders for every 10 shares with capital reserve.
Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Nanjing Baose Co.Ltd(300402) stock code Nanjing Baose Co.Ltd(300402)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Liu Yizhong, Li Ping
Office address: No. 15, Jingming street, Jiangning Binjiang Economic Development Zone, Nanjing
Fax: 02551180028
Tel: 0255118 Wuxi Honghui New Materials Technology Co.Ltd(002802) 551180028
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(1) Brief introduction of the company’s main businesses and products during the reporting period
1) Main business
During the reporting period, there was no significant change in the company’s main business. The company is mainly engaged in the R & D, design, manufacturing, installation, service and technical consultation of non-standard pressure vessel equipment made of non-ferrous metals such as titanium, nickel, zirconium, tantalum and copper and their alloys, high-grade stainless steel and metal composite materials, as well as the manufacturing and installation of non-ferrous welded pressure pipes and pipes. The products are mainly used in industries with anti-corrosion, high pressure and high temperature equipment requirements.
2) Main products and uses
The company’s products are high-end large-scale special material non-standard equipment, mainly including pressure vessels and pipe fittings such as heat exchangers, towers and reactors. They are used to complete the production process processes such as reaction, mass transfer, heat transfer, separation and storage of downstream chemical, metallurgical, electric power, new energy, environmental protection, marine engineering and ship projects. They are the core supporting equipment of the production units in the above downstream industries.
The company’s representative products in relevant fields are as follows:
Chemical industry:
Reactor, condenser, tower and supporting special material pipe fittings and other core equipment of super large PTA plant;
Heat exchanger, reactor and other core equipment of large-scale PDH (propane dehydrogenation to propylene) unit;
Tower equipment of oil refining unit and core equipment such as preheater, condenser and reactor of chemical unit;
Tower, reactor and other core equipment of acetic acid plant;
Key core equipment such as reactors of acrylic acid and MMA units;
Core reactor, preheater and other core equipment of ABS resin integration and other new material projects;
Relevant equipment of fine chemical plants such as medicine, pesticide and daily chemical;
Heat exchanger, reactor, separator and other equipment in coal chemical industry.
Metallurgy:
Vacuum evaporator, heat exchanger and other equipment of industrial devices in mining and metallurgical industry.
New energy sector:
High pressure reactor of raw material production device related to power battery;
Polysilicon cooling system for photovoltaic industry;
Steam generating device of photothermal power generation project;
Heat exchanger and other equipment of geothermal power generation project.
Green environmental protection:
Waste water heat exchanger, reactor, cooler and other equipment of industrial sewage treatment plant, as well as skid mounted modules.
Ship and marine engineering equipment:
Large structural parts, large containers and auxiliary equipment of deep submersibles for ships.
Some representative products in relevant fields of the company in recent years are shown in the figure below:
Some example pictures of application fields
chemical industry
Titanium steel composite sector oxidation reactor titanium steel composite sector dehydration tower
PTA
Titanium condenser stainless steel scrubber
PDH
High temperature resistant stainless steel reactor high temperature resistant stainless steel combined heat exchanger
oil refining
ABS
Acrylic acid
Acetic acid, polycarbonate, papermaking and other chemicals
Industrial field ethane tower steel composite sector reactor
Some example pictures of application fields
Zirconium tower duplex stainless steel digester
New energy power battery
Titanium palladium alloy composite sector autoclave titanium steel composite sector autoclave
Photovoltaic polysilicon
Nickel base alloy fluidized bed reactor nickel base alloy heat exchanger
Electric geothermal power generation photothermal power generation
Titanium condenser of steam generator
Some example pictures of application fields
oceanographic engineering
Titanium pipe
Green environmental protection
Sewage treatment skid mounted module
(2) During the reporting period, the development and changes of the company’s industry, market competition pattern and the company’s industry position, etc
1) Industry development
The industry in which the company is located is special material non-standard equipment manufacturing industry, which mainly refers to special material non-standard pressure vessels and supporting special material pipes and fittings. It is an emerging industry formed by the close combination of new material industry and advanced manufacturing industry. It belongs to an important subdivision of the national high-end equipment manufacturing industry. It has the characteristics of high industrial relevance, strong driving ability and high technical content. Its products are widely used in chemical industry, metallurgy, electric power, energy, medicine The pillar industries of the national economy such as food, aerospace and marine engineering and the field of military and national defense construction are essential core equipment in the production process of the above industries, which has laid a solid foundation for the development of the above industries.
The application of special metal materials in China’s pressure vessel manufacturing industry began in the 1980s, and the rapid development of special non-standard pressure vessel industry began in 2004. Driven by the strong support of a series of national macro and industrial policies and the rapid development of downstream industries such as petrochemical industry, chemical industry, metallurgy, power, energy and offshore engineering, the industry has improved its technical level, product quality The market scale and many other aspects have been rapidly improved. Most heavy pressure vessel equipment no longer rely on imports. Some key high-end core equipment with high technical difficulty and complex manufacturing process have mastered independent intellectual property rights and successfully realized localization. Even many products have reached the international leading level and entered the international market. However, there is still a certain gap between the overall level of the industry and developed countries, which is mainly reflected in the relative lack of independent innovation ability, the lack of high-end product design ability, the disconnection between process technology and equipment technology development, the uneven technical level, and the insufficient ability to provide customers with a complete set of services, which restrict the competitiveness of Chinese special material equipment manufacturers in the international high-end market.
During the reporting period, benefiting from the fact that the traditional chemical industry is in the upward cycle, new energy, environmental protection, military industry and other strategic emerging industries are also in the period of vigorous cultivation and rapid development by the state, and there is a broad market space for special non-standard pressure vessel equipment. Due to the continuous reform of supply side structure and the continuous upgrading of national safety and environmental protection requirements, downstream chemical, power and other industries continue to further promote the adjustment, optimization and upgrading of industrial structure, continuously improve the performance and quality requirements of special non-standard pressure vessels, and force equipment manufacturers to continuously carry out technical transformation and quality improvement; The equipment demand of new energy, environmental protection and other industries puts forward new product R & D requirements for special material non-standard pressure vessel equipment manufacturing enterprises. Therefore, the special material non-standard pressure vessel manufacturing industry is in a critical period of transformation and upgrading, quality improvement and efficiency increase. Manufacturers with market, technology and scale advantages have the ability to adapt to this change, actively seize the opportunity, improve the product structure, increase R & D investment, and produce products with high-tech content, high added value and independent intellectual property rights. Under this trend, the survival of the fittest in China’s special material non-standard pressure vessel industry will accelerate, large and high-quality enterprises with core technology will be in an advantageous position in the competition, and the industry concentration will continue to improve.
2) Market competition pattern
At present, the market and production technology of China’s metal pressure vessel industry are very mature, the market scale is expanding, the production capacity of the whole industry is improving, the number of ASME licensed manufacturers and certificates is increasing, and the market concentration is also improving. However, the development of the industry is still unbalanced, the lack of high-end technology and core competitiveness is common, and the market competition of medium and low-end products is fierce, The manufacturing of high-end products is limited by capital and technical level, showing a competitive pattern of overcapacity in the middle and low-end and relative shortage of high-end capacity. Among them, the special material non-standard pressure vessel industry has high requirements for production technology, equipment capacity and process equipment level due to the high technical content of special metal material processing technology. At this stage, there are few Chinese enterprises with independent R & D capacity, large-scale production, process and technical level up to international standards, international competitiveness and high-quality products sold to overseas high-quality customers. Focusing on the supply of raw materials and main consumption areas, China has formed three relatively concentrated non-standard equipment manufacturing bases for special materials at this stage. Among them, the output value of East China is the largest. Relying on its strong material advantages, Northwest China has become the main production base of small and medium-sized non-standard equipment and supporting parts. The Bohai Bay region also occupies an important position in the Chinese market.
The rapid development of special material non-standard pressure vessel industry has brought opportunities for rapid growth to leading enterprises in the industry. In recent years, industry-leading enterprises have gradually formed strong brands with the advantages of technology, management and platform, and occupied a relatively stable market share in different product segments and application fields. In recent years, with the in-depth structural adjustment of downstream chemical industries, the continuous improvement of safety and environmental protection threshold and the demand for high-quality development, special non-standard pressure vessel equipment has developed towards large-scale, energy-efficient, low-carbon environmental protection, intelligence and business integration. The market share of leading enterprises with technology, market, equipment and scale strength has further increased, and the living space of small enterprises has been squeezed, The industry concentration is further improved, and the industry pattern of the strong and the strong is more obvious.
3) Industry position of the company
After more than 20 years of accumulation, the company has developed into a leading enterprise in the field of special material non-standard equipment manufacturing in China, involving the most complete variety of special materials, the widest application range, leading technical level and a certain industrial scale. “Baose” has established a loud brand image in the industry. A number of large-scale special material chemical core equipment manufactured by the company are first made in China, realizing a number of “zero breakthroughs” in the field of special material equipment manufacturing in China. The manufacturing of a number of world-class large-scale PTA, MMA, PDH, large-scale refining and chemical projects and other complete sets of equipment has continuously refreshed the manufacturing records of large-scale special material non-standard equipment in China and even the world; In recent years, with the strategic transformation of the national energy industry, the company has strongly entered the market of power battery related fields of new energy vehicles. The large-scale autoclave equipment developed by the company has broken the industry monopoly and become an important supplier of Zhejiang Huayou Cobalt Co.Ltd(603799) , Ningbo Liqin and other well-known power battery raw material manufacturers in China. The products have been successfully extended to the new energy vehicle industry chain. The company has made outstanding contributions to the development of special materials and non-standard equipment industry and promoted the rapid development of global chemical, energy and other industries
