On the evening of April 7, Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) ( Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) ) released the annual report for 2021. During the reporting period, the company realized an operating income of 1916223500 yuan, an increase of 55.77% over the previous year, and the net profit attributable to the shareholders of the parent company was 1020575 million yuan, an increase of 174.61% over the previous year. The company also announced the annual distribution plan and plans to distribute cash dividends of 2.79 yuan (including tax) to all shareholders for every 10 shares. It is worth mentioning that the annual report shows that the company’s R & D investment continues to increase, and the R & D expenses increased by 32.51% over the previous year.
Statistics show that Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) is mainly engaged in environmental protection plasticizers, environmental protection stabilizers and biomass energy. The main revenue of the three products accounts for 70.54%, 3.01% and 26.45% respectively. As for the reasons for performance growth, Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) said that the increase in revenue and profit was mainly due to the increase in the volume and price of environmental plasticizer products and biomass energy products and the increase in gross profit margin.
It is worth noting that the company’s biomass energy revenue continued to increase, with a large increase of 80.67% over the previous year, becoming a new performance growth point of the company.
Biodiesel is the main energy source. Data show that biodiesel is a fatty acid methyl ester or ethyl ester formed by esterification and transesterification of animal and vegetable oil, waste oil or microbial oil with methanol or ethanol. It is mainly used as transportation fuel. The performance of biodiesel is better than that of petrochemical diesel, and there is no need to change the original diesel engine and refueling equipment in the process of use. As an internationally recognized advanced renewable clean energy, the world biodiesel industry has developed rapidly. In 2021, the global consumption of biodiesel is about 40 million tons. The top five biodiesel producing countries are Indonesia, the United States, Brazil, Germany and France, accounting for 57% in total.
In 2021, the demand of European bioenergy market was strong, especially in the fourth quarter, the prices of bulk commodities and international biodiesel continued to rise. Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) biodiesel products fulfilled the strategic sales agreement signed with European shell oil, which is a great affirmation of the company’s products and reputation.
Unlike Indonesia, the European Union, the United States and other countries that produce biodiesel with rapeseed oil, soybean oil, corn oil and palm oil as raw materials, China’s biodiesel industry selects waste “gutter oil” as raw materials, which solves the food safety problem of “gutter oil” returning to the table on the one hand; On the other hand, biodiesel has obvious effect on greenhouse gas emission reduction. The greenhouse gas emission of biodiesel with waste oil as raw material in the whole life cycle is more than 85% lower than that of petrochemical diesel, which is a typical representative of turning waste into treasure.
Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) disclosed that the world has actively and orderly promoted the cause of “carbon neutralization”. As a new energy for effectively reducing carbon dioxide, biomass energy has a rapid growth in market demand. The company’s biodiesel products have obtained the ISCC and DDC certification of the EU, the world’s largest biodiesel consumption area, and are mainly exported to the EU. In 2021, the EU updated renewable energy red2: by 2030, the greenhouse gas emissions of road transport fuels in the transportation industry will be reduced by 13%, which is equivalent to 26% of the energy consumption of renewable energy in the transportation sector. Up to now, the green new energy biodiesel project, a wholly-owned subsidiary of the company, has been completed and put into commissioning.
In February 2022, the opinions of the national development and Reform Commission and the National Energy Administration on improving the institutional mechanisms and policies and measures for green and low-carbon energy transformation were issued. The opinions clearly support the access of clean fuels such as biofuel ethanol, biodiesel and biological natural gas to the oil and gas pipeline network on the premise of meeting safety and quality standards. This is the first time that the national development and Reform Commission explicitly supports the integration of biodiesel into the oil and gas pipeline network in the form of regulations, It also provides a policy guarantee for China to promote the use of biodiesel.
At present, Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) the “research and development project of biodiesel continuous cleaner production process and equipment” has been listed in the 2022 “top soldier” and “leading wild goose” R & D project of Zhejiang Provincial Department of science and technology; Dongjiang energy, a wholly-owned subsidiary of the company, as the main drafting unit of China’s biodiesel industry standards, participated in the drafting and formulation of three industry standards: waste oil pretreatment process specification, bio heavy oil and biodiesel storage and transportation operation specification. At present, the standards are still in the process of application. Previously, the “BD100 biodiesel standard” drafted by Dongjiang energy has also been included in the group standard of Zhejiang Province.
With regard to the future business plan, Zhejiang Jiaao Enprotech Stock Co.Ltd(603822) said that it would steadily improve the capacity utilization of existing environmental protection plasticizer products; We will implement the new biodiesel production capacity of green new energy and steadily reach the production capacity. At the same time, we will focus on the rapid development of a generation of biodiesel production capacity, actively reserve HVO & saf projects, and explore more competitive biomass new energy products.
