Securities code: Elite Color Environmental Resources Science&Technology Co.Ltd(002998) securities abbreviation: Elite Color Environmental Resources Science&Technology Co.Ltd(002998) Announcement No.: 2022012 Elite Color Environmental Resources Science&Technology Co.Ltd(002998) 2021 annual report summary I. important tips the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Elite Color Environmental Resources Science&Technology Co.Ltd(002998) stock code Elite Color Environmental Resources Science&Technology Co.Ltd(002998)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Dai Mengxi Gao Ye
Office address: No. 29, Huanxi Road, Zhutang Town, Jiangyin City
Fax: 0510 Shanghai Bright Power Semiconductor Co.Ltd(688368) 81
Tel: 0510 Shanghai Bright Power Semiconductor Co.Ltd(688368) 81
E-mail [email protected]. The [email protected].
2. Introduction to main business or products during the reporting period
(I) main business and main products of the company
The company’s main business is the R & D, production and sales of polyester fiber and its products. Its main products include recycled colored polyester staple fiber, low melting point polyester staple fiber and polyester nonwovens. Since its establishment, the company’s main business has not changed.
1. Recycled colored polyester staple fiber
Since its establishment, the company has been focusing on the business of recycled colored polyester staple fiber and positioned as differentiated and functional products. Recycled colored polyester staple fiber products recycle the upstream waste PET raw materials, which is conducive to solving the problem of difficult treatment of waste PET polyester, reducing the discharge of waste gas and wastewater, and realizing “turning waste into treasure, recycling and green development”. The recycled colored polyester staple fiber of the company is mainly used in engineering, carpet, automobile interior decoration, clothing and other fields, as follows:
Application field fiber function downstream application
Engineering fibers have good tensile strength, deformation resistance, high temperature resistance, freezing resistance, water conservancy projects, transportation projects and foundation construction
It has aging resistance, corrosion resistance, moth resistance and good permeability. It is used as textile in the project
To isolation, drainage, reinforcement, protection and other functions
Carpet fiber is strong, durable, wrinkle resistant, easy to dry after washing, acid and alkali resistant artificial lawn, felt and blanket
Excellent performance, resistant to mold and moth
The fiber for automobile interior has excellent synthetic property, high tear strength, easy cleaning, resilience, roof, trunk, foot pad, floor pad, etc
Automotive interior products with good wrinkle resistance and high temperature resistance
Clothing fiber has complete chromatogram, good color fastness, adjustable color depth, antibacterial, all kinds of clothing and home textiles
Good washing resistance, etc
The process flow chart of recycled colored polyester staple fiber is as follows:
2. Low melting point polyester staple fiber
Relying on its business advantages in the field of recycled polyester fiber, the company entered the field of low melting point fiber and completed the phase I project of functional composite low melting point fiber with an annual output of 220000 tons in December 2018. Low melting point polyester staple fiber is a new environmental friendly composite polyester staple fiber with skin core structure formed from low melting point polyester (COPET) and conventional polyester (PET). The melting point of the skin layer is 110 ~ 180 ℃ and the melting point of the core layer is 256 ~ 260 ℃. The cross section of low melting point fiber skin core structure is as follows:
The process flow chart of low melting point polyester staple fiber is as follows:
The excellent performance of low melting point polyester staple fiber is based on the good compatibility between the low melting point polyester of the skin layer and the conventional polyester of the core layer. The fiber can ensure the melting of the skin layer under the condition of low heating temperature, while the core layer still maintains the physical structure. After cooling, it provides good adhesion without any chemical binder. It has the characteristics of high bonding strength, low hot melt bonding temperature, rapid bonding and high peel strength, It not only maintains the characteristics of the main fiber, but also obtains the macro structure with high porosity and resilience. In the process of downstream application, low melting point polyester staple fiber eliminates the pollution of volatile organic compounds caused by the use of traditional chemical adhesives, reduces the generation and emission of volatile organic compounds, is conducive to human health, improves the quality of atmospheric environment and improves the green level of manufacturing industry. At present, low melting point polyester staple fiber is gradually replacing the traditional chemical adhesive used in home textile industry and automobile interior decoration industry. At present, there are no other products replacing low melting point polyester staple fiber. Related downstream products are mainly mixed with other fibers and processed into hard cotton through nonwoven processing, which are widely used in clothing, home textile, furniture, automobile interior decoration, medical and health and other fields. The application scenarios of low melting point polyester staple fiber are as follows:
3. Nonwovens
Nonwoven fabric is a kind of fiber product with soft, breathable and planar structure, which is directly formed by polyester chips, short fibers or filaments through various fiber web forming methods and consolidation technology.
Nonwovens are fabrics formed without spinning and weaving, which are oriented or randomly supported by spinning short fibers or filaments to form a fiber web structure, which is then reinforced by acupuncture, Spunlaced, thermal bonding or chemical methods, and finally finished and formed. In terms of technology, spunbonded, melt blown, needling, Spunlaced and thermal bonding are common processes. The production process of China’s nonwovens industry is mainly spunbonded, and the output of spunbonded nonwovens accounts for about 50% of the total output of nonwovens. The nonwovens of the company belong to the category of spunbonded nonwovens.
The process flow chart of nonwovens is as follows:
Nonwovens have unique structure, flexible production process and relatively short production process. Products with various functional characteristics can be produced through subsequent finishing processes, with a wide range of applications. Spunbonded nonwovens are characterized by high strength and good tensile strength; It has good heat resistance, aging resistance, UV resistance and high elongation; It has good stability and air permeability; Good corrosion resistance, strong resistance to acid and general nonpolar organic solvents; It is non-toxic, resistant to microorganisms, moth proof and free from mold.
In view of the special structure and excellent performance of nonwovens, they are used in clothing industry, automobile interior decoration industry, geotechnical construction engineering industry, medical and health industry, etc. Among them, the application of Nonwovens in the field of clothing mainly includes all kinds of new durable nonwovens, clothing fabrics, all kinds of clothing decoration linings, clothing accessories (clothing labels, lace, bra, shoulder pad), etc; The main applications in the automotive field include seat cover, sun visor, door soft pad, pad and covering materials of roof and luggage compartment, thermal and sound insulation materials, carburetor, air filter, bottom cloth of tufted carpet, sofa soft pad materials, etc; The applications in the field of geotechnical construction engineering mainly include geotextile seepage ditch for underground drainage and irrigation, geotextile for drainage used for separation and reinforcement in highway and railway construction, geotextile for bank slope embankment reinforcement, geotextile for bridge engineering, impermeable geotextile for artificial pool, waterproof asphalt primer, etc; The main applications in the field of medical and health care are surgical clothes and hats, masks, gauze, sutures, diapers, sanitary napkins, etc.
(II) the industrial structure of primary polyester and recycled polyester industry is as follows:
(III) main business model of the company
The company has an independent and complete procurement, production, R & D and sales system, and independently carries out production and operation activities according to market demand and its own situation.
1. Procurement mode
The raw materials required for the company’s production are mainly recycled PET raw materials, color masterbatch, PTA, Meg, IPA, etc. the company determines the procurement category and quantity in combination with the production demand and raw material market supply. For recycled PET raw materials, the price fluctuates from time to time due to the influence of crude oil price and the supply and demand market of recycled PET raw materials. Therefore, the company has established corresponding raw material guarantee and early warning mechanism to ensure that the purchase quantity and quality can meet the production needs; For PTA, Meg, IPA and other raw materials, the company mainly purchases according to the purchase scale agreed with the supplier according to the production needs. The company’s Recycled PET raw materials mainly come from waste plastic recycling business units / individuals and some original biochemical fiber production enterprises. The original PET raw materials mainly come from large chemical production enterprises or comprehensive traders outside China.
In order to ensure the supply of raw materials and continuous production, the company regularly holds joint meetings of production, supply and sales. The production department arranges the production plan according to the order of the sales department, and the procurement department determines the procurement category and quantity according to the production plan and in combination with the raw material inventory and market supply and demand. For raw materials in urgent need of production and with low inventory, the company arranges priority procurement.
For the purchase of recycled PET raw materials, the salesman of the purchase department shall contact the supplier according to the company’s purchase demand, determine the purchase category, quantity and price, and then sign the purchase order; For the purchase of PTA and MEG raw materials, the company generally signs long-term purchase contracts with suppliers, agrees the monthly purchase quantity according to the production needs, and makes settlement with reference to the monthly average price of CCF; For the temporary procurement of low value consumables, the procurement department shall determine the supplier and procurement type, and then sign a formal procurement contract with the supplier after being approved by the person in charge of the procurement department. At the same time, the acceptance standard, payment method, liability for breach of contract and other procurement conditions shall be agreed in the procurement contract. The raw materials shall be inspected and accepted according to the contract after the arrival of raw materials; If the acceptance results are different from those agreed in the procurement contract, the procurement department shall negotiate with the supplier to take corresponding measures.
2. Production mode
Because the company has many kinds of products and diversified customer needs, the company mainly adopts the mode of “production by sales and moderate inventory” integrating production, supply and marketing. The production of low melting point fiber products is mainly arranged according to the production capacity of the production line and the customer demand last month. Before the production of the company, the technicians shall carry out batching production according to the technical indicators of the order and the inventory of raw materials. At the same time, the company will stock some conventional products according to the market research and historical sales records of customers, so as to improve the delivery speed and production efficiency.
The company regularly holds joint meetings of production, supply and marketing to formulate corresponding plans. The production department will prepare the corresponding production plan according to the weekly sales plan prepared by the sales department, and determine the production personnel, materials and equipment respectively according to the equipment characteristics, production process parameter module, required raw material characteristics, quality category and technical indicators of the production line, so as to respond to the changes of customer order demand and market environment.
In terms of quality control, the company has established a relatively perfect product quality control system for the production process, which is strictly controlled from the initial raw materials entering the factory to the finished products leaving the factory, so as to ensure the final quality of products. The company carries out production in accordance with the provisions of product process procedures, post standard operating procedures, equipment standard operating procedures, raw and auxiliary material inspection procedures, finished product inspection procedures, safety production procedures and other documents.
3. Sales model
The company adopts the direct selling mode. The salesperson directly contacts with downstream customers, and the sales order determines the specific product quantity, amount and specification. The downstream customers of the company are mainly manufacturing enterprises such as spinning, nonwovens, clothing home textiles and automobile interior decoration, as well as some trading enterprises. The products are mainly sold in China and a small amount of overseas sales. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 184886608498164447153721 12.43% 139710049123
Net assets attributable to shareholders of listed companies 147219083583140308650466 4.93% 83637500739
Increase or decrease in 20212020 compared with the previous year
