On April 14, Zhejiang Nhu Company Ltd(002001) ( Zhejiang Nhu Company Ltd(002001) ) officially released the annual report of 2021. During the reporting period, the listed company achieved an operating revenue of 14.798 billion yuan, a year-on-year increase of 43.47%; The net profit was 4.324 billion yuan, a year-on-year increase of 21.34%; The net profit deducted from non profit was 4.148 billion yuan, an increase of 21.63% year-on-year. At the same time, Zhejiang Nhu Company Ltd(002001) also announced the profit distribution plan for 2021, which plans to transfer 10 to 2 and distribute 7 yuan (including tax).
At present, Zhejiang Nhu Company Ltd(002001) is a high-tech enterprise mainly engaged in the production and marketing of nutriment, essence and perfume, polymer new materials and API. Zhejiang Nhu Company Ltd(002001) has become one of the four largest vitamin manufacturers in the world. Zhejiang Nhu Company Ltd(002001) pointed out that with the global population growth and population aging, the improvement of people’s living standards and health awareness will bring more demand for nutrition and health services and products, and the global nutrition market represented by vitamins and methionine will maintain stable growth.
As the largest producer of vitamins, China’s vitamin output in 2021 was about 404000 tons, with a year-on-year increase of 3.70%, accounting for 81.80% of the global output. In 2021, China’s economy was stable, the demand of downstream market increased steadily, and the prosperity of vitamin market was high.
In terms of vitamin business, Zhejiang Nhu Company Ltd(002001) main products include vitamin E, vitamin A, vitamin C, methionine, vitamin D3, biotin, coenzyme Q10, carotenoid, etc., which are applied to feed additives and nutritional fortification of food, beverage, health food, etc. In 2021, Zhejiang Nhu Company Ltd(002001) methionine phase II will be 250000 tons / year, of which 100000 tons of units will operate smoothly, and the cost and quality advantages will continue to improve; The 150000 ton unit is constructed according to the progress, and the overall process is controllable.
In the field of flavor and essence, Zhejiang Nhu Company Ltd(002001) main spices are now facing the global market, with strong competitiveness, high market share and relatively stable market structure. The main products include linalool series, citral series, leaf alcohol series, methyl dihydrojasmonate, raspberry ketone, privet aldehyde, etc. they are widely used in the fields of personal care, cosmetics and food. During the reporting period, Zhejiang Nhu Company Ltd(002001) with an annual output of 5000 tons of menthol is under construction as scheduled, and the project process is controllable.
It is worth hanging on that Zhejiang Nhu Company Ltd(002001) has also made good development in the field of new polymer materials. The phase III project with an annual output of 7000 tons of PPS will be put into construction in 2021 Zhejiang Nhu Company Ltd(002001) pointed out that focusing on the development of high molecular polymers and key intermediates, the company moderately developed the downstream application of materials according to the principle of integration and serialization, and created a PPS whole industrial chain from basic raw materials to high molecular polymers, then to modified processing and special fibers.
As a result, Zhejiang Nhu Company Ltd(002001) has become the only enterprise in China that can stably produce fiber grade, injection molding grade, extrusion grade and coating grade PPS. The main products include polyphenylene sulfide (PPS), high temperature nylon (PPA), etc. It is mainly used in electronic and electrical, automotive, environmental protection and other fields.
According to the annual report of 2021, nutrition is Zhejiang Nhu Company Ltd(002001) absolute core business, with an operating revenue of 11.128 billion yuan in 2021, a year-on-year increase of 55.59%; The proportion of nutrition products in the total revenue of listed companies increased from 69.34% in 2020 to 75.2% in 2021. In addition, Zhejiang Nhu Company Ltd(002001) essence and flavor business achieved operating income of 2 billion 238 million yuan, up 14.47% over the same period last year. The revenue from new materials business was 874 million yuan, a year-on-year increase of 20.94%.
Zhejiang Nhu Company Ltd(002001) said that in 2022, we will build an innovation benchmark and build new advantages in innovation and development. Take “chemical +” and “biological +” as platforms, strengthen the introduction of talents and technologies, explore forward-looking industries, and promote the R & D and reserve of green and safe technologies; Closely combine product research, technical research, scale-up design and production commissioning to improve product promotion efficiency; Strengthen intellectual property risk avoidance and response, and do a good job in the patent layout of strategic new products.
