Today (April 7), the three major indexes collectively fell by more than 1%, with only cement, coal and phosphorus chemical sectors rising. Among them, the phosphorus chemical industry sector was stronger in shock. As of the closing, Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) rose by more than 8%, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) rose by the limit, and Hubei Yihua Chemical Industry Co.Ltd(000422) , Xinyangfeng Agricultural Technology Co.Ltd(000902) , Anhui Liuguo Chemical Co.Ltd(600470) , Yunnan Yuntianhua Co.Ltd(600096) , Guizhou Chanhen Chemical Corporation(002895) and other stocks led the rise.
Note: index performance of all sectors today (closing on April 7)
Yunnan Yuntianhua Co.Ltd(600096) q1 performance exceeded expectations
Recently, Yunnan Yuntianhua Co.Ltd(600096) released a performance forecast. It is estimated that the net profit attributable to the shareholders of the listed company in the first quarter of 2022 will increase by 185.18% year-on-year. The announcement shows that the company’s “phosphate rock phosphoric acid” and synthetic ammonia are highly self-sufficient in production capacity and have strong integration advantages. At the same time, it plans the strategic reserve and procurement of purchased bulk raw materials, effectively alleviates the rising cost caused by the rising price of raw materials such as sulfur and coal, and highlights the competitive advantages of chemical fertilizer products. In addition, the company’s profits from non fertilizer businesses such as polyoxymethylene, yellow phosphorus and calcium feeding increased year-on-year, the construction of transformation and upgrading projects such as iron phosphate was accelerated, the operating performance of the company’s joint-stock companies was improved, and the investment income increased year-on-year.
Previously, the 2021 performance report released by the company showed that the net profit attributable to the shareholders of the listed company increased by more than 12 times year-on-year, and the significant increase in performance was mainly due to the increase in the price of the company’s main products Huaan Securities Co.Ltd(600909) pointed out that as a leading enterprise in China’s phosphorus chemical industry, the company’s performance is expected to continue to grow with the maintenance of the high outlook of the phosphorus chemical industry. In addition, the company’s layout of new energy will bring business structure adjustment and inject new impetus into the company’s long-term development. In terms of target price, Anxin securities recently gave a six-month target price of 31 yuan, which still has nearly 10.9% space potential compared with today’s closing price of 27.62 yuan.
Boosted by the positive results of the annual report and the first quarter report, Yunnan Yuntianhua Co.Ltd(600096) recently, the stock price continued to strengthen. As of today’s closing (April 7), the stock price has risen by nearly 9% in the three trading days since April. Other phosphorus chemical stocks also rose due to high performance. As of today’s close, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) rose nearly 15.8% this month, and Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) , Hubei Yihua Chemical Industry Co.Ltd(000422) rose 12.5% and 12% respectively. Sichuan Development Lomon Co.Ltd(002312) , Xinyangfeng Agricultural Technology Co.Ltd(000902) , Guizhou Chanhen Chemical Corporation(002895) also rose more than 5%.
phosphorus chemical industry is double driven
Recently, six departments including the Ministry of industry and information technology and the national development and Reform Commission issued guidance on promoting the high-quality development of the petrochemical and chemical industry during the 14th five year plan. The opinions put forward that the new production capacity of oil refining, ammonium phosphate, calcium carbide, yellow phosphorus and other industries should be strictly controlled, the new production capacity of mercury (poly) vinyl chloride should be prohibited, and the exit of inefficient and backward production capacity should be accelerated Western Securities Co.Ltd(002673) believes that at present, China’s phosphorus ore resources are facing the pressure of shortage. At the same time, with the joint restriction of various supply side control measures such as carbon neutralization, dual control of energy consumption and capacity indicators, some enterprises with leading resource endowment layout will show stronger competitiveness.
At present, phosphorus chemical industry benefits from the dual drive of agrochemical and new energy. Guosheng Securities pointed out that the uncertainty of the situation in Russia and Ukraine may lead to a longer duration of supply tension. It is expected that the prices of phosphate fertilizer and phosphate products may remain high for a long time. It is expected that the price of phosphate rock in China will continue to rise in the future. Meanwhile, new energy is an important opportunity for the transformation and upgrading of phosphorus chemical industry in the next 10 years. Considering the development and utilization of iron phosphate and associated fluorine resources (excluding lithium iron phosphate, PVDF and lithium hexafluorophosphate), the market scale of the whole phosphorus chemical industry will increase by 167.5 billion yuan by 2030, an increase of 117% over 2021, which is equivalent to rebuilding a phosphorus chemical industry and bringing important growth opportunities to companies in the industry.
In terms of industry benefit targets, Guosheng Securities believes that at present, phosphorus chemical listed enterprises have basically completed the integration of upstream resources, and most of them have formed integrated development, which is a high-quality asset that can resist inflation. Focusing on the focus of the ‘ group backdoor) .
