Shandong Shida Shenghua Chemical Group Company Limite(603026) 49 announcement: the company expects to realize a net profit of 445472 million yuan attributable to shareholders of Listed Companies in the first quarter of 2022, with a year-on-year increase of 91.86% - 103.50%. Based on the best performance of 437 million yuan of net profit in a single quarter in the fourth quarter of last year, the development momentum of year-on-year and month on month growth continued in the first quarter of this year.
Shandong Shida Shenghua Chemical Group Company Limite(603026) is a leading enterprise in China's carbonate industry. Carbonate series products are the main raw materials for the production of lithium battery electrolyte. For the reasons for the performance growth, the company said that the new energy vehicle industry maintained a rapid development trend year-on-year in the first quarter of this year, driving the company to maintain full production of new energy related products Shandong Shida Shenghua Chemical Group Company Limite(603026) (Quanzhou) phase I project vinyl carbonate plant was put into operation successfully, 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.
Driven by the low price of dimethyl carbonate, the industry has released a large number of new production capacity this year. However, from the perspective of the first quarterly report, the company has effectively resisted the impact of changes in the industry competition pattern, reflecting its strong anti risk ability as an industry leader.
Shandong Shida Shenghua Chemical Group Company Limite(603026) has been deeply engaged in the carbonate industry for 20 years, with a full range of high-end s-grade and SS grade solvent products, as well as five kinds of electrolyte solvents, lithium salt lithium hexafluorophosphate, lithium difluoroacetate borate, fluorobenzene and other products, forming a comprehensive one-stop supporting service supply platform to provide customers with solvents, lithium salts and additives; In terms of customer structure, it mainly serves international and Chinese customers, and the sales market outside China has developed steadily, with stronger ability to deal with market upheaval. In terms of cost control, the company has formed an integrated production system dominated by carbonate series products, which realizes that the upstream and downstream production links are raw materials for each other, reduces the dependence on external raw materials, and has stronger autonomy in the production process, cost control and quality optimization. After realizing the supporting of the industrial chain, the competitiveness of relevant products of the company has been at a high level in the industry. In addition, relying on scientific and technological innovation, the company has developed new catalysts, which have been applied in carbonate solvent unit, significantly reducing energy and material consumption and improving product quality.
The release of its own capacity is also an important growth driver. In the first quarter of this year, the company's Quanzhou base phase I project was put into operation. In the second quarter, the Dongying base dimethyl carbonate quality and efficiency improvement project and 50000 T / a lithium battery material project will also be put into operation successively. The effective capacity of carbonate solvent will be increased by 150000 tons throughout the year, with a year-on-year increase of 50%. This will further consolidate the leading position of the industry and form a new profit growth point.
The company said that this year, it will give full play to its first mover advantage, strengthen cooperation with world-class electrolyte enterprises, actively cooperate with customers to speed up the certification and introduction of new base products while ensuring the stable supply of existing international customers, quickly form stable sales volume and further expand market share.
