Securities code: Chengdu Guibao Science & Technology Co.Ltd(300019) securities abbreviation: Chengdu Guibao Science & Technology Co.Ltd(300019)
Chengdu Guibao Science & Technology Co.Ltd(300019) investor relations activity record
No.: 2022003
□ specific object research \uf0fe analyst meeting □ media interview
Investor relations
\uf0fe performance presentation □ press conference □ Roadshow
Activity category
\uf0fe site visit \uf0fe others (Tencent Conference)
Boshi fund Zeng Hao; Hua Fu fund Deng Xiang; China Post Fund Li Jun; Xingyin fund Shi Liang; Huihua financial management Yu Hongjie; Wu Yu of Xinhua fund; Shen Qing and Duan Yifan of Morgan Stanley Huaxin Fund; CCB fund Huang Ziling, Zhang Xianglong and Jiang Chao; Sunshine insurance Tangyan; Taikang pension Zhou Ren; Huabao fund yuan Yinquan; Zhang Wenlong and Huang Luhe of China Merchants Fund; Wells Fargo fund Shen Heng; Ruiyuan fund Cui Wenqi; Hongyi, Huang Zhendong; Jiuyang investment Zhou Jie; Lingzhan investment Liu Jian; Yuanhe investment Qi Zhaozhong; Panjing Investment Ma Xin; Genxi assets yuan Dazhao; Boyi assets Zhang Yutao; Hongdao investment Wang Kai; Tan Weikang, zhongruiheyin; Invest in Mao Jiakai calmly; Hezhong Yisheng, Zhang Yousheng; Chengquan capital Wang Haibin; Fengjing capital Feng Feiyang; People's livelihood finance Chen Feng; Wanhe securities Tian Minghua Gf Securities Co.Ltd(000776) Yu Yang; Caixin securities Chen Shujian; Wu Qiyun, Changjiang asset management Founder Securities Co.Ltd(601901) Zu Guangping; Shang Youyi is looking forward to fan yaoyu; BlackRock Alex Tang China Merchants Securities Co.Ltd(600999) Cao Chengan; Hua'an fund Li Xiaozheng; ICBC Credit Suisse fund Zhang Shuli; Fuanda fund sun Shaobing; Taiping assets Zhao Yang; Fosun baodexin, Li Xinyu, Guo Rui; Names of participating units of Founder Fubang fund Gong Xian: Feng, Cao Weidong; Jiang Rui, Xinpu investment fund; Huaxia capital Zhang Shuyuan; Xingyin fund Shi Liang; Rongxin Yingtong Chen Lin; LV Weizhi, king tower; Yin Sheng asset Yang Zao; Qingding asset Zhang Guodong; Heju investment Qiu Ying; Panoramic view and name of personnel: Zhou Ren; Hong Fusheng asset; Shenzhen Zerui private placement in Bowen; Pinpoint Lin Jianjun; China Europe Ruibo Li Jingchi; Qiuyang investment Zheng Jie; Windsor capital Zhou Wei; Winning assets: Lesong; Fuyin urban investment fund Liu Huafeng; Cheng Tong fund Liu Bo Huaan Securities Co.Ltd(600909) Wang Qiangfeng, Wang Peng; LV Weizhi of Jingtai Lifeng company; Changyaqiao of Huaxia Fund; Life insurance Li Yanling; Jingshun Great Wall, Liu Yanchun; Li Chao and Zhang Xiang; Lvting investment Hongli; Luan qingshuai of fuanda fund; Wang WeiMiao of Bodao fund; Yang Qianli of Jiutai fund; Heyong investment Zhang Wenqian; Anxin fund Chen Chen; Cheng Weiqing, China CITIC asset management; Chen Zhenhua of Xinhua assets; Ping An fund Ji Changchun; Panze asset Xiong Weiming; Shi Feng invests in Dai Jihuang; Rongchenglang fund; Qianhai United fund Huang Chao; Fu Yite of Wanjia fund; Guoxin self operated kangruiqiang; China Post life insurance Zhao Yang; Jiutai fund Wang Peng; Hongkang life insurance Wang Dong; BOC fund Li Jian; Taibao assets Wang Jing Orient Securities Company Limited(600958) asset management Cai Zhipeng Guosen Securities Co.Ltd(002736) Yang Lin, Xue Cong, Zhang Weihang, Cao Yi; Wells Fargo fund Guo Shujie; Guangyin financial management Ruan Ming; Jingtai Lifeng, LV Weizhi; CITIC Prudential Wang Guoqiang; Zhu Zhanyu of Xinhua assets; Hanchuan investment Hu Jinge; Dongfang Ruishi Tang Gujun; Zhongrong fund Guo Xu; Huisheng fund nest
front; Founder Fubon fund Liu Meng; Principal Peter Luo； Citic Securities Company Limited(600030) yuan jiancong, Ke mai; Yu Hansong of Xintai life insurance; Yuexin assets Chen Jinhong; SAIC Qi Zhen, Wang Lingli, Shen Yiwen; Fang Ying invests in Neil Tu; Qianhai Julong Hao min; Zheng assets Zhou Peining; BOC capital Hu Yongjun; Xiao Zhiwei, Minsheng silver plus fund; CITIC shares Yan Gu LAN; Jin Jian investment Gong Jiabin; Hongtai investment Liu Chang; Brilliance Hu Yujing; Taiping assets Zhao Yang; CITIC Leon una; Shi Xin of Huarong securities; Wangzheng capital Liu chenjie; Yuanhe investment Zhang Yi; Silver leaf investment Li Yue; Chenghuai investment Cai Junlin; Jinjian investment Zhou Mengxia; Non horse investment Lu Changjian; Ping An assets sun Chi; Five places invest into swords; Tao Yongchao of Pengyang fund; Huarunyuan Daha Hanzhang; Great Wall fortune Hu Jiyuan; Great Wall fortune Zhang Haijun; Changyaqiao of Huaxia Fund; Ruishi invests in Tang Gujun; Zhu Zhanyu of China Post life insurance; Wangzheng capital Wang Chengcheng; Tsinghua holdings Chen Yu; Great Wall fortune Wang Weihua; Wanjia asset Li citizen; Biyun capital Xu Huilin; Wang Yuangang, self-employed by Guodu; CRRC Jinzheng Qinling; Ping An fund Zhang Xiaoquan; Xue Xiao of Xinyin financial management; Shanghai zhuoshang wujiakun; Guangdong Yixin Luo Xin; Long hang assets Yao Wenfeng; Yu He assets Zhou Haixia; Guoshou pension Yu Lei; Fuyang Xinding Kangyong; Poloze Road, Shen bin; Wu Han of SDIC UBS fund; CITIC fixed income goofy; Shanghai Jiupeng Ruan Hui; Qinyuan investment Fu Zhenqing; Wangzheng capital Li Nan; Jingjing investment Zhou Jiexin; Hengfu investment Songyang Bay; Tongchuang Weiye Xiao Jiajun; Yide asset item Guanglong; Zhipu asset Yu Yifan; Vientiane Huacheng, Liu Zili, etc.
Time: March 26-30, 2022
Site + online
RECEPTIONIST: Chief Financial Officer Li Song; Yu Xiaohong of investor relations department; Securities affairs department, Jin Yue, etc
The company exchanged with investors on the company's operation in 2021, the company's project construction and industry development.
The main contents of the interview are as follows:
1、 Could you tell us something about the company's operation in 2021?
Reply: in 2021, adhering to the management theme of "high quality and high service", the company adhered to the working idea of "building glue makes great progress, industrial glue stirs up the beam, photovoltaic glue takes the major responsibility and coupling agent makes more contributions", and exceeded the work plan formulated throughout the year. As a leading enterprise in China's silicone sealant industry, the company's operating performance continued to maintain a high growth rate. In 2021, the company achieved an operating revenue of 2.556 billion yuan, a year-on-year increase of 67.74% in investor relations activities, and a net profit of 268 million yuan, a year-on-year increase of 33.00%. That is, in the single quarter of 2021q4, the company achieved a revenue of 874 million yuan from the main content introduction industry, a year-on-year increase of 50.49%, and a net profit attributable to the parent company of 106 million yuan, a year-on-year increase
58.90%。 In 2021, the production and sales of construction glue and industrial glue increased simultaneously, driving the rapid growth of the company's performance.
2、 In recent years, the impact of national policy regulation on the real estate industry on the company's construction business?
Reply: the company's building sealant products are widely used in building curtain walls, insulating glass, energy-saving doors and windows, prefabricated buildings, decoration, etc. In 2021, the company's market share of construction glue increased significantly, realizing an operating revenue of 1.771 billion yuan, a year-on-year increase of 63%, further consolidating its leading position in the industry. The main benefit is that in recent years, with the continuous high level of raw materials and the increasing requirements of customers for the brand, quality and environmental protection of building materials, small enterprises gradually withdraw from the market, the industry concentration has increased significantly, and the market share of leading enterprises has increased significantly; Consumption upgrading drives the upgrading of decoration and decoration industry, and the purchase of high-end building materials increases; The release of stock markets such as the "urban renewal plan" and the transformation of old residential areas advocated by the state has also increased the demand for building sealant in recent years; Through years of growth and accumulation, the company's construction adhesive products have been successfully applied to many national key projects and landmark buildings. The company's brand is deeply recognized by the government, industry, market and customers, forming a high brand barrier, and the influence of Sibao brand has been further enhanced. The company's construction glue business will continue to grow for a long time.
3、 Projects under construction and capacity release of the company in 2022?
Reply: the company's "100000 t / a high-end sealant intelligent manufacturing project" is progressing smoothly. At the end of June 2021, the first phase of 40000 t / a production capacity (including 20000 t / a photovoltaic glue + 20000 t / a construction glue) was put into trial operation. The release of new production capacity temporarily alleviated the current situation of tight production capacity of the company. This year, the company will accelerate the construction and release of the remaining 60000 tons of new production capacity of the "100000 t / a high-end sealant intelligent manufacturing project"; The company will accelerate the construction of "50000 T / a lithium battery silicon carbon cathode material and special adhesive project"; The company will complete Anhui Sibao technical transformation project and expand the production capacity of silane coupling agent for photovoltaic; Promote the full production of Meishan Tuoli 20000 t / a functional polymer material base and R & D center project.
4、 Please introduce the construction background and technical reserves of the project of silicon carbon cathode materials and special adhesives for 50000 T / a lithium batteries?
Reply: this year, the company continues to steadily promote the project of "silicon carbon cathode material and special adhesive for 50000 T / a lithium battery". The project is in line with the company's strategic development direction. As a new generation of negative electrode material for lithium battery, silicon carbon negative electrode material has large specific capacity and can greatly improve the energy density of lithium battery. Silicon carbon negative electrode material is also the development trend of negative electrode material in the future.
In 2016, Chengdu Institute of lithium-ion battery and Chengdu Institute of organic science and technology took the lead in the development of lithium-ion battery industry cluster and other related projects with Chengdu Institute of lithium-ion materials and Chengdu Institute of organic science and technology; The pilot production line of 50 t / a silicon carbon cathode materials will be built in 2019, and the products have passed the achievement appraisal organized by the Department of economy and information technology of Sichuan Province and become the international advanced level; The company has independent intellectual property rights and has made a number of technical achievements. At present, the silicon carbon negative electrode materials produced by the company have passed the evaluation of several battery manufacturers and achieved small batch supply, which urgently needs industrialized large-scale production. The company will continue to optimize the product structure and types, gradually extend to the high-end of the industrial chain, and produce products with high added value and high technology content. 5、 The company's operation of industrial glue in 2021 and the expansion of existing customers of electronic glue?
Reply: the company's products are widely used in electronic and electrical appliances, photovoltaic new energy, automobile manufacturing, power battery, UHV power transmission and transformation, 5g communication, rail transit, power corrosion prevention and many other fields in the industrial field. The company's industrial glue is mainly divided into four industries: electronic glue, photovoltaic glue, automobile glue and power glue. In 2021, the sales revenue was 502016300 yuan, with a year-on-year increase of 66.47%.
In the electronic and electrical industry, the market demand in consumer electronics, power batteries, 5g communication and other fields is growing rapidly. The company has a series of heat conduction and bonding products with excellent performance, which can be used for heat conduction, potting, bonding and protection of electronic components, realize import substitution in high-end electronic products, and successfully enter Zte Corporation(000063) , Tianma microelectronics, Byd Company Limited(002594) and other high-end customers. The company's glue matching scheme for power battery helps to improve the safety of power battery system, and has excellent performance in bonding, heat conduction, safety and durability, so as to escort the safety of new energy vehicles and electric bicycles. The company's silicone pressure-sensitive adhesive has been successfully adopted by famous brands such as Xiaomi, oppo and vivo. The import substitution of glue for electronic and electrical appliances accelerated, the company's market influence continued to improve, and the sales of glue for power batteries increased significantly, which helped the rapid improvement of the company's performance of industrial glue. The company's sales of glue for electronic and electrical appliances increased by 80.96% year-on-year last year.
6、 Market growth of Cecep Solar Energy Co.Ltd(000591) photovoltaic adhesive of the company?
Reply: the company's adhesive for Cecep Solar Energy Co.Ltd(000591) photovoltaic has been fully applied to Cecep Solar Energy Co.Ltd(000591) photovoltaic modules, BIPV and other fields. The company has launched four types of products in the photovoltaic industry: photovoltaic module sealant, photovoltaic inverter potting adhesive, BIPV adhesive and photovoltaic EVA film additives. The company's products have been successfully applied to photovoltaic head enterprises such as Longji, Chint, Suntech and Haitai. With the new production capacity of photovoltaic glue put into operation in July 2021, the photovoltaic glue market expanded rapidly. The sales of glue used in photovoltaic industry increased by 284.11% year-on-year in 2021, and the market share increased rapidly. The company's silane coupling agent has also been successfully applied to the production of key additives for EVA film, with the success of Hangzhou First Applied Material Co.Ltd(603806) and other well-known additives
