Shandong Shida Shenghua Chemical Group Company Limite(603026) : the net profit in 2021 was 1.178 billion yuan, with a year-on-year increase of 353.60%

Shandong Shida Shenghua Chemical Group Company Limite(603026) 48 the annual report of 2021 was released. In 2021, the company achieved an operating revenue of about 7.056 billion yuan, an increase of 57.67% year-on-year; The net profit attributable to shareholders of listed companies was about 1.178 billion yuan, a year-on-year increase of 353.60%.

The company said that 2021 was a key year for the company's strategic transformation. The company stripped off its traditional chemical business and continued to transform to new energy and new materials business. Remarkable results have been achieved in safety management, project layout, strategic positioning, talent training and basic management.

Adhering to the mission of "leading the trend of green chemical industry and improving the quality of healthy life", the company is committed to becoming a global excellent supplier of carbonate products and lithium-ion battery materials. During the reporting period, the company continued to maintain and strengthen its core competitiveness and maintained a leading position in the industry in the fierce market competition environment.

As the first batch of DMC production enterprises in China, the company built 5000 t / a DMC units in 2003. Then it kept up with the market demand, continuously expanded the market scale, and continuously improved its recognition in the industry. With its deep cultivation in the electrolyte solvent Market in recent years, the company has become a large-scale and internationally famous supplier of lithium battery electrolyte solvent in China, and its brand advantage has been further highlighted.

At present, the company is a multi base dimethyl carbonate production supplier in China (Dongying, Jining and Quanzhou). The 440000 T / a new energy material project (phase I) jointly constructed with Sinochem Quanzhou Petrochemical Co., Ltd. has been successfully commissioned and put into operation. At the same time, the company has set up overseas branches such as Czech Republic and South Korea to actively layout overseas markets, form multi base collaborative production, and further enhance the stable supply capacity of the company, Consolidate the leading position of DMC in the solvent and carbonate industry.

While maintaining the traditional industrial market, the company actively develops the high-end market and establishes good strategic cooperative relations with well-known electrolyte enterprises at home and abroad. During the reporting period, the operating revenue of dimethyl carbonate series increased by 82.44% over the previous year, driving the increase in the demand for upstream battery materials. The company fully seized the market opportunities and focused on strategic customers, and the operating revenue and profitability increased significantly. The operating revenue of methyl tert butyl ether series increased by 82.84% over the previous year.

During the reporting period, the company increased investment in scientific research and implemented technological innovation. In 2021, the company obtained 44 newly authorized patents, including 5 invention patents and 39 utility model patents.

On the same day, the company released the performance forecast for the first quarter of 2022. It is estimated that in the first quarter of 2022, the net profit attributable to the shareholders of the listed company will reach 445 million yuan to 472 million yuan, with a year-on-year increase of 91.86% to 103.50%. The report shows that the performance change is mainly due to the high development trend of new energy vehicle related industries compared with the same period of last year, and the company's new energy related products maintain full production Shandong Shida Shenghua Chemical Group Company Limite(603026) (Quanzhou) phase I project vinyl carbonate unit was successfully put into operation, and vinyl carbonate products were sold in batches in the first quarter. The company continues to carry out technical transformation of production units, further reducing the production cost of the company.

The company said that in 2022, the company is in a critical period of business transformation. It should preliminarily complete the business transformation to new energy and new materials, and move forward to an R & D driven enterprise. The company will continue to consolidate the leading position of carbonate industry, accelerate the construction of electrolyte and supporting projects, aim at the annual goal of developing silicon-based negative electrode materials and expanding the business in the field of wet electronic chemicals, deepen the business layout and grasp the main line of the market.

The 300000 t / a electrolyte project planned by the company will be accelerated in 2022. The 100000 t / a liquid lithium salt project, 5000 t / a solid lithium salt (phase II) and 11000 T / a special additives project will also be intensively constructed, so as to make a good supporting for the successful production of the electrolyte project in 2023.

The company will also focus on silicon-based negative electrode and supporting products, lithium battery accessories and other new lithium battery materials. Through the implementation of business transformation measures in 2022, the company will change from a one-stop electrolyte material supplier to an electrolyte + material integrated platform service provider.

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