China Resources Chemical Innovative Materials Co.Ltd(301090) 410 disclosed the annual report of 2021, and the company achieved a revenue of 12.585 billion yuan in 2021, with a year-on-year increase of 1.65%; The net profit attributable to shareholders of listed companies was 482 million yuan, a year-on-year decrease of 23.33%. The company’s profit distribution plan for 2021 is RMB 0.49 per 10 shares.
China Resources Chemical Innovative Materials Co.Ltd(301090) is mainly engaged in the R & D, production and sales of polyester materials and new materials. The product polyester bottle chips are mainly used in soft drinks, edible oil, food packaging, wine packaging, condiments, commodity packaging, medical and drug packaging and sheet materials.
Benefiting from the growth of demand in emerging fields such as traditional food and beverage and sheet protection, as well as the increase of export market share, the company achieved a sales volume of 1.722 million tons of polyester bottles and sheets during the reporting period, with a production and sales rate of 103.99%; Overseas sales of products increased by 27.55%. However, due to the increase of raw material cost, sea freight and energy consumption cost, the gross profit level of polyester bottle chips of the company decreased year-on-year.
At present, China Resources Chemical Innovative Materials Co.Ltd(301090) has formed two business layouts of polyester bottle chips and new materials. While consolidating and expanding the main business of polyester, the company focuses on breaking through the field of key new materials.
Data show that China Resources Chemical Innovative Materials Co.Ltd(301090) 2021 R & D expenses increased by 59.79% over the same period last year. The company increased R & D personnel introduction and cooperation with research institutes, and continuously increased research and development of high-performance PET foam materials, high-performance thermoplastic composites and other new material projects. At present, some of the company’s R & D projects have made breakthrough in the pilot test. PETG special polyester, high performance PET foam, thermoplastic composites and other new materials technology have entered the industrialization stage through technical research.
The company disclosed the progress of each project in its annual report. After Zhuhai China Resources Chemical Innovative Materials Co.Ltd(301090) annual output of 500000 tons of polyester phase III project is put into operation, the company will have a production capacity of 2.1 million tons / year of polyester bottles and chips; The first phase of the new material project “Zhuhai China Resources Chemical Innovative Materials Co.Ltd(301090) 100000 T / a PETG special polyester project” was officially put into operation in January 2022. At present, the production line is running stably, and the product quality is excellent and stable; The performance of the PET foam phase I project can reach the level of imported similar products through third party testing materials. The lightweight composite sector applied to the carriage body has been put into production and sold in small quantities, and has been preliminarily recognized by customers.
In 2022, the company will focus on promoting the development of new materials business, relying on the newly-built two R & D centers in Changzhou and Zhuhai to enhance the ability of scientific and technological innovation and promote technological upgrading; We will implement the three-year action plan for the reform of state-owned enterprises and the action plan for “double hundred enterprises” and speed up the construction of a new development pattern.
