This week, the prosperity index of Guohai chemical industry was 151.06, up 0.22 month on month. Comprehensively consider the operation and prosperity of chemical enterprises, and give the industry a “recommended” rating.
Investment advice: focus on integration and downstream enterprises.
With the release of IEA crude oil inventory, Brent oil price has dropped from the high of 140 US dollars / barrel to 102 US dollars / barrel. In the short term, the top of oil price has been confirmed. The soaring prices of crude oil, coal and natural gas in the early stage, the resurgence of the epidemic in China, the high price of sea freight, the increase of the cost of the overall chemical enterprises, the obstruction of price transmission and the compression of profits. In the later stage, high priced raw materials have begun to suppress downstream demand, increase the supply of raw materials, and gradually ease the pressure on raw material prices; Stabilize the economic policy and look forward to the later stage. The profits of chemical integration and enterprises close to the terminal are expected to recover. It is suggested to focus on the integrated enterprises with new production capacity and chemical enterprises close to the terminal industry. At the same time, the loss of profits in downstream industries due to high raw material costs will be alleviated and prices will be gradually transmitted to the downstream. The new material industry will be driven by new energy and emerging industries and usher in a good opportunity for development.
With a focus on the recommendation of ‘s Wanhua Chemical Group Co.Ltd(600309) \ , satellite chemistry, Jiangsu Eastern Shenghong Co.Ltd(000301) , Tongkun Group Co.Ltd(601233) , Hengyi Petrochemical Co.Ltd(000703) , Xinfengming Group Co.Ltd(603225) ), coal chemical industry ( Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) , Ningxia Baofeng Energy Group Co.Ltd(600989) , attention Luxi Chemical Group Co.Ltd(000830) ) The phosphorchemical industry ( Xinyangfeng Agricultural Technology Co.Ltd(000902) (etc.) and other companies.
In the long run, we believe that China’s leading companies have the ability to plan a global blueprint and move towards global leaders. We suggest that we should work with excellent enterprises and invest in those enterprises with efficient execution. This efficient ability will make the profitability of Chinese enterprises higher than that of international competitors, with higher rate of return and larger scale in the future. Therefore, the market value level of foreign giants may not be the ceiling of Chinese Enterprises. For example, Wanhua Chemical Group Co.Ltd(600309) , which is building an integrated industrial chain, continuously increasing R & D investment, expanding in multiple categories and marching towards a first-class chemical new material company with global operation, has made a synchronous breakthrough in original packaging replacement, China and foreign countries go hand in hand, pointed to Shandong Linglong Tyre Co.Ltd(601966) , the top five in the global tire industry in 2030, and Hengli Petrochemical Co.Ltd(600346) and Rongsheng Petro Chemical Co.Ltd(002493) with high starting point, high standard and high efficiency.
We focus on the leaders in various sub sectors that are still underrated. For example, the Wanhua Chemical Group Co.Ltd(600309) \ , Hengyi Petrochemical Co.Ltd(000703) , Xinfengming Group Co.Ltd(603225) ), Xinyangfeng Agricultural Technology Co.Ltd(000902) and Chengdu Wintrue Holding Co.Ltd(002539) , rubber auxiliary faucet Shandong Yanggu Huatai Chemical Co.Ltd(300121) For a long- 7 , plant growth regulator faucet Sichuan Guoguang Agrochemical Co.Ltd(002749) , titanium dioxide faucet Lb Group Co.Ltd(002601) , spandex and adipic acid faucet Huafon Chemical Co.Ltd(002064) Organic fine chemicals leader Valiant Co.Ltd(002643) , dicamba enterprise Jiangsu Changqing Agrochemical Co.Ltd(002391) , oil chemical leader Zanyu Technology Group Co.Ltd(002637) etc.
U.S. Commerce Department of the U.S. Department of Commerce, the local time 2020. On May 15, 2020, the local time of the U.S. Department of Commerce in the U.S. Department of Commerce in the U.S. on May 15, 2020. A statement released on May 15, 2020 May 15, the local time of the U.S. Department of Commerce on May 15, 2020 May 15, 2020, the local time of the local time of the local time of the U.S. Department of Commerce on May 15, 2020. A statement released on May 15, 2020. A statement released on May 15, 2020. A statement said that it would comprehensively restrict Huawei from purchasing semiconthat use U.S. software and technology to produce semiconthat uses U.S. software and technology. The strategic position of semiconductor materials is becoming increasingly prominent, and the strategic position of semiconductor materials is becoming increasingly prominent. It is suggested to focus on the proposal to focus attention on companies such as Shanghai Bright Power Semiconductor Co.Ltd(688368) 83 Shanghai Bright Power Semiconductor Co.Ltd(688368) 83838383838323 the. In addition, we hope that the new materials will continue to expand continuously, and have strong technical content of polymer anti-aging leader Rianlon Corporation(300596) , thermoplastic elastomer head Shandong Dawn Polymer Co.Ltd(002838) , brine extraction lithium technology leader Sunresin New Materials Co.Ltd Xi’An(300487) .
Key target information tracking
[ Wanhua Chemical Group Co.Ltd(600309) ] according to Zhuo Chuang information, the price of pure MDI was 22250 yuan / ton on April 8, unchanged month on month on April 1; The price of polymerized MDI was 18950 yuan / ton, a decrease of 550 yuan / ton compared with April 1. According to Wanhua Chemical Group Co.Ltd(600309) WeChat official account, the Wanhua Chemical Group Co.Ltd(600309) special polycarbonate (PC) project was launched smoothly, and the first high silicon content (20%) silicone PC product was officially launched. On April 8, the company announced that it plans to invest 23.1 billion yuan to build a high-performance new material integration and supporting project in Wanhua Chemical Group Co.Ltd(600309) Penglai Industrial Park. The construction period of the project is planned from 2022 to 2025 and is expected to be put into operation in June 2024.
[ Shandong Linglong Tyre Co.Ltd(601966) ] according to Bloomberg, the FBX index from China to the West US port this week was US $1583410/feu, down – 0.34% from last week; The FBX index from China to Meidong port was US $1758060/feu, up + 1.12% from last week; The FBX index from China to Europe was US $1208620/feu, down from – 1.85% last week. On April 1, Shandong Linglong Tyre Co.Ltd(601966) and klintyre environmental protection department jointly held the “signing ceremony of comprehensive strategic cooperation agreement”. This agreement determines the core strategic partnership between the two sides. The two sides will give full play to their respective technological advantages, continue to develop the application of renewable environmental protection carbon black and work together to reduce carbon emissions from the rubber industry. According to the tires WeChat commercial official account, Shandong Linglong Tyre Co.Ltd(601966) has recently joined the GPSNR through the evaluation of the global sustainable natural rubber platform (GPSNR) Executive Committee, and has formulated the sustainable natural rubber policy, becoming the first GPSNR member in the Chinese mainland tire industry.
[ Sailun Group Co.Ltd(601058) ] on April 8, the company announced that it had received the notice from the actual controller, Mr. Yuan Zhongxue, and the persons acting in concert, Qingdao Yuming Investment Center (limited partnership) and Ruiyuan Dingshi Investment Co., Ltd., and learned that some of the company’s shares under its control had completed the pledge release process. The number of pledged shares released this time was 111 million, accounting for 15.50% of the shares under its control and 3.63% of the total share capital of the company.
[ Qingdao Sentury Tire Co.Ltd(002984) ] has no update information.
[ Hengli Petrochemical Co.Ltd(600346) ] [ Rongsheng Petro Chemical Co.Ltd(002493) ] according to Zhuo Chuang information, the inventory of polyester filament on April 7 was 29.4 days, up 3.2 days month on month; Pta4’s inventory on August 8 was 2.81 million tons, down 85000 tons month on month. The price of polyester filament was 8450 yuan / ton on April 4, compared with that of FDY on April 4; On April 8, PTA price was 6100 yuan / ton, up 20 yuan / ton from April 1. On April 7, Hengli Petrochemical Co.Ltd(600346) released the annual report for 2021, realizing a revenue of 19.997 billion yuan, an increase of 29.94% year-on-year; The net profit attributable to the parent company was 15.531 billion yuan, a year-on-year increase of 15.37%. Among them, Q4 achieved a revenue of 46.508.9 billion yuan in 2020, a year-on-year increase of – 5.16% and a month on month increase of – 0.87%; The net profit attributable to the parent company was 2.819 billion yuan, with a year-on-year increase of – 20.95% and a month on month increase of – 30.73%.
[ Jiangsu Eastern Shenghong Co.Ltd(000301) ] on April 6, the company issued an announcement on the conversion of convertible corporate bonds in the first quarter of 2022. As of March 31, 2022, there were 499839 million “Shenghong convertible bonds” and the amount of convertible bonds was 4.998 billion yuan. On April 7, the company said on the investor interaction platform that the company’s sverbang photovoltaic EVA capacity has stabilized at more than 216000 tons.
[ Hengyi Petrochemical Co.Ltd(000703) ] there is no update information.
[ Tongkun Group Co.Ltd(601233) ] on April 6, the company said on the investor interaction platform that the new Hengyang project invested by the company in Jiangsu Shuyang economic development zone is now in the stage of infrastructure construction, and some equipment has been installed. It is expected that the first set of polyester filament device will be put into trial production in the third or early fourth quarter of this year.
[ Xinfengming Group Co.Ltd(603225) ] on April 6, the company said on the investor interaction platform that up to now, the company’s polyester filament production capacity is 6.3 million tons, and the production capacity of POY / FDY / DTY accounts for about 70% / 20% / 10%.
[ Xinyangfeng Agricultural Technology Co.Ltd(000902) ] according to Zhuo Chuang information, the price of monoammonium phosphate this week was 3508 yuan / ton, up 13 yuan / ton month on month; The price of compound fertilizer was 3562.5 yuan / ton, unchanged month on month. According to the announcement of Yangfeng convertible bonds released on April 2, 2022: convertible corporate bonds converted into shares in the first quarter of 2022, in the first quarter of 2022, “Yangfeng convertible bonds” decreased by 164 shares, the amount of convertible bonds decreased by 16400 yuan, and the number of convertible shares was 921 shares. As of March 31, 2022, there were 9999400 “Yangfeng convertible bonds” left, and the amount of the remaining convertible bonds was nearly 1 billion yuan.
[ Chengdu Wintrue Holding Co.Ltd(002539) ] there is no update information.
Lb Group Co.Ltd(002601) , according to WeChat Lb Group Co.Ltd(002601) official account, since 2022, the target of “double hundred” has been put forward by Xu Gang, the Secretary of the Party committee and the chairman of the group. The group has achieved the goal of the production and sale of titanium dioxide in the first quarter, especially in March, with a sales volume of over 100 thousand tons in the first month, a record high.
[ Shanghai Zhongyida Co.Ltd(600610) ] on April 7, the company announced the progress of changing the company’s name. The company held the seventh meeting of the eighth board of directors and the fifth extraordinary general meeting of shareholders in 2021 on November 5 and November 19, 2021, deliberated and adopted the proposal on changing the company’s name, and proposed to change the Chinese registered name to ” Shanghai Zhongyida Co.Ltd(600610) Co., Ltd.” and the English registered name to “ZhongYiDa Co., Ltd.”, The changed company name shall be subject to the contents approved and registered by the Administration for Industry and commerce.
[ China National Chemical Engineering Co.Ltd(601117) ] [ Zhejiang Double Arrow Rubber Co.Ltd(002381) ] has no update information.
[ Shandong Yanggu Huatai Chemical Co.Ltd(300121) ] according to Zhuo Chuang consulting, on April 8, the daily market price of rubber accelerator M in Hengshui market was 17500 yuan / ton, unchanged from April 1; The daily market price of accelerator NS was 25250 yuan / ton, down 500 yuan / ton from April 1; The daily market price of accelerator TMTD was 20250 yuan / ton, down 250 yuan / ton from April 1.
[ Huafon Chemical Co.Ltd(002064) ] according to wind, the 40d of spandex was 53000 yuan / ton on April 7, unchanged on March 31, and decreased by 10000 yuan / ton on month.
[ Zhejiang Nhu Company Ltd(002001) ] according to wind, on April 8, 2022, the price of vitamin A was 220 yuan / kg, unchanged on April 1; The price of vitamin E was 90 yuan / kg, unchanged on April 1.
[ Tangshan Sanyou Chemical Industries Co.Ltd(600409) ] according to wind, on April 7, the market price of viscose staple fiber 1.5D in China was 14100 yuan / ton, up 500 yuan / ton month on month. According to Zhuo Chuang information, on April 8, the Chinese market price of light soda ash in East China was 2600 yuan / ton, unchanged month on month. On April 8, the company announced that it had recently received the reply on the registration of Tangshan Sanyou Chemical Industries Co.Ltd(600409) to publicly issue corporate bonds to professional investors issued by China Securities Regulatory Commission on March 31, 2022, agreeing to the registration application of the company to publicly issue corporate bonds with a total face value of no more than 2 billion yuan to professional investors.
[ Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) ] according to wind, the market price of ethylene glycol in China on April 7 was 4990 yuan / ton, down 20 yuan / ton month on month. According to Zhuo Chuang information, on April 8, the listing price of Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) urea small particles was 2910 yuan / ton, down 20 yuan / ton month on month.
[ Ningxia Baofeng Energy Group Co.Ltd(600989) ] [ Shandong Sinocera Functional Material Co.Ltd(300285) ] [ Zanyu Technology Group Co.Ltd(002637) ] has no update information.
[ Anhui Jinhe Industrial Co.Ltd(002597) ] on April 6, the company announced that it had recently received a notice from the US International Trade Commission that it would not review the preliminary ruling made on January 11, 2022 and terminate the investigation, that is, the sweetener product Acesulfame produced by the company did not violate the provisions of article 337 of the US Tariff Act of 1930 and there was no infringement. So far, the company’s investigation involving the US International Trade Commission 337 has been completely terminated.
[ Rayitek Hi-Tech Film Company Ltd.Shenzhen(688323) ] on April 8, the company announced that the audit institution of Shanghai Stock Exchange reviewed the application documents of Rayitek Hi-Tech Film Company Ltd.Shenzhen(688323) issuing convertible corporate bonds to unspecified objects in accordance with relevant laws, regulations and relevant provisions of the exchange, and formed the first round of questions.
[ Jiangsu Yangnong Chemical Co.Ltd(600486) ] according to Zhuo Chuang information, the quotation of Kungfu pyrethrin was 217500 yuan / ton on April 8, an increase of 5000 yuan / ton compared with April 1. On April 7, the company announced that as of the closing on April 7, 2022, the shareholder Fuyuan Chemical had reduced 367548 shares through centralized bidding transaction, accounting for 0.12% of the total share capital of the company. The time for reducing shares through centralized bidding transaction expired and the implementation of the reduction plan was completed.
[ Lier Chemical Co.Ltd(002258) ] according to the official account of Sino-Agri Leading Biosciences Co.Ltd(603970) , the price of raw ammonium phosphate is 180 thousand yuan / ton this week, which is 10 thousand yuan / ton higher than that of last week in March 27th.
On April 7, the company released the performance express for the first quarter of 2022. In the first quarter of 2022, the operating revenue was 2.613 billion yuan, a year-on-year increase of 76.32%; The net profit attributable to the parent company was 534 million yuan, a year-on-year increase of 142.02%; The basic earnings per share is 1.01 yuan. The year-on-year increase in performance is mainly due to the year-on-year increase in sales and prices of main products.
[ Sichuan Guoguang Agrochemical Co.Ltd(002749) ] there is no update information.
[ Jiangsu Changqing Agrochemical Co.Ltd(002391) ] the company said on the investor interaction platform on March 20 that at present, the new projects in Changqing Hubei are advancing in an orderly manner according to the plan. The workshop with an annual output of 2000 tons of 2,6-diisopropylaniline and the workshop with an annual output of 2000 tons of Kungfu pyrethrin technical agent have been put into mass production, the workshop with an annual output of 600 tons of fipronil technical agent has been put into trial production, and the workshop with an annual output of 3000 tons of thiamethoxam technical agent is currently undergoing equipment installation.
According to satellite chemistry information official account number, the price of acrylic acid in April 8th was 14000 yuan / ton, which decreased by 1000 yuan / ton compared with April 1st. On April 7, the company issued an announcement on the completion of share repurchase and share change. As of March 31, 2022, the Company repurchased shares in the form of centralized bidding transaction. The number of repurchased shares was 4.8439 million, accounting for 0.28% of the total number of shares of the company, and the total transaction amount was RMB 197 million.
[ Skshu Paint Co.Ltd(603737) ] [ Shandong Dawn Polymer Co.Ltd(002838) ] [ Kingfa Sci.& Tech.Co.Ltd(600143) ] has no update information.
[ Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) ] on April 7, the company announced that it had recently received a government subsidy of 4million yuan.
[ Sunresin New Materials Co.Ltd Xi’An(300487) ] on April 7, the company issued an announcement on signing the memorandum of cooperation with pepinini. The company and pepinini minerals Limited signed the memorandum of cooperation on April 4, 2022. Based on the company’s dle technology for extracting lithium from salt lake brine, Sunresin New Materials Co.Ltd Xi’An(300487) and PNN will establish a long-term cooperative relationship to jointly develop the battery grade lithium carbonate project located in Salta Salt Lake, Argentina.
[ Valiant Co.Ltd(002643) ] [ Jiangsu Yoke Technology Co.Ltd(002409) ] has no update information.
[ Rianlon Corporation(300596) ] on April 7, the company issued the announcement on the implementation of annual equity distribution in 2021. The company distributed cash dividends of RMB 3.06 (tax included) for every 10 shares to all shareholders based on the total share capital of 205 million shares, with a total cash dividend of RMB 627332 million (tax included) and no bonus shares.
Industry price trend
According to wind, as of this week, Brent and WTI futures prices closed at 101.41 respectively
