[successful commissioning of phase I of Dongfang Huasheng PC project]
At 10:30 on January 1, at the central control center of Hainan Huasheng PC project phase I plant located in Dongfang Lingang Industrial Park, with the command of the on-site command, the operators in the on-site raw material tank farm started the dimethyl carbonate raw material pump to open up the process from the raw material tank to the benzyl carbonate reaction tower, and the feeding and commissioning of the main unit of the project was successful. It marks that the development of high-tech industry in Dongfang City has achieved a “good start” in 2022.
Huasheng PC project is a national high-tech industry and a key industry supported by the state. It is listed as a provincial large-scale industrial project and a provincial key project. The total investment in phase I of the project is 4.5 billion yuan, mainly building two process production units such as 224000 T / a diphenyl carbonate unit and 260000 T / a polycarbonate unit, 240000 T / a bisphenol a unit, 100000 t / a dimethyl carbonate unit and relevant supporting facilities; The total investment of the second phase of the project is planned to be 13 billion yuan, mainly building 8 sets of production units such as 600000 tons of PDH, 400000 tons of polypropylene, 530000 tons of cumene and 650000 tons of phenol acetone combined unit, extending to the downstream PC alloy material industry. In June 2021, the land delisting of phase II of the project will be completed and put into operation during the 14th Five Year Plan period.
[the prosperity of main products is high, and the performance of many chemical enterprises in 2021 is expected]
In 2021, many chemicals will usher in a strong climate cycle. According to the information statistics of Shanghai Securities News, as of the press time of January 6, there were about 32 A-share listed chemical companies predicting the performance of 2021, of which as many as 27 were increased in advance, one turned loss into profit, one continued profit and slightly decreased 3. Subject to the lower limit of forecast growth, the forecast net profit of 13 companies doubled year-on-year, of which Inner Mongoliayuan Xing Energy Company Limited(000683) increased by more than 70 times.
Chemical product volume and price rise together to promote performance
Benefiting from the downstream pull of photovoltaic and lithium battery, the price of soda ash has soared since last year. On the evening of January 5, China’s largest natural alkali enterprise Inner Mongoliayuan Xing Energy Company Limited(000683) disclosed the performance forecast for 2021. It is expected that the net profit attributable to the shareholders of the listed company will be 4.85 billion yuan to 5.05 billion yuan, with a year-on-year increase of 7022.3% to 7316%. The company said that during the reporting period, the production units of soda ash and urea operated efficiently, and the average sales price of leading products increased significantly over the previous year; The coal sector contributes greatly to profits. In addition, the amount of non recurring profits and losses is about 2.1 billion yuan.
Jiangsu Yida Chemical Co.Ltd(300721) it is expected to turn losses into profits and realize a net profit of 120 million yuan to 150 million yuan in 2021. The company said that the prices of alcohol ether and alcohol ether ester series products were at a high level, and the company’s sales revenue increased significantly, making the performance turn from loss to profit.
Driven by the explosive growth of downstream new energy vehicles, the prices of upstream and downstream products in the phosphorus chemical industry chain have increased significantly since last year. On the evening of January 6, the leader of phosphorus chemical industry Hubei Xingfa Chemicals Group Co.Ltd(600141) announced that the net profit in 2021 is expected to be 4.2 billion yuan to 4.4 billion yuan, with a year-on-year increase of 573.14% to 605.19%. The company said that the sales prices of main products such as silicone, glyphosate, dimethyl sulfoxide and yellow phosphorus increased significantly year-on-year, and the profitability was significantly enhanced; The 3 million T / a low-grade collophanite beneficiation and deep processing project was successfully put into operation during the reporting period. The 400000 T / a synthetic ammonia project of Yichang xingxinglantian Technology Co., Ltd., a joint-stock company, was successfully started at one time at the end of the second quarter, bringing new profit growth points to the company.
Previously, another phosphorus chemical enterprise Kunming Chuan Jin Nuo Chemical Co.Ltd(300505) was expected to make a profit of 146 million yuan to 166 million yuan in 2021, with a year-on-year increase of 252% to 300.22%. The company said that during the reporting period, the company overcame difficulties such as dual control of energy consumption and used its own advantages to expand overseas markets. At the same time, with the operation of the raised investment project in Guangxi, the operating revenue and operating profit in the reporting period have increased rapidly.
The net profit of several titanium dioxide leaders is expected to double
In 2021, the price of titanium dioxide will continue to remain high, and the market demand exceeds supply. At the beginning of this year, some titanium dioxide enterprises began a new round of price adjustment. Driven by the rising volume and price of main products, China’s titanium dioxide leaders Lb Group Co.Ltd(002601) , Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Anhui Annada Titanium Industry Co.Ltd(002136) , Pangang Group Vanadium Titanium & Resources Co.Ltd(000629) have achieved good results.
On the evening of January 6, Pangang Group Vanadium Titanium & Resources Co.Ltd(000629) announced that the net profit in 2021 is expected to be 1.28 billion yuan to 1.38 billion yuan, a year-on-year increase of 236.03% to 262.29%. Previously, Lb Group Co.Ltd(002601) predicted a net profit of 4.577 billion yuan to 5.722 billion yuan in 2021, a year-on-year increase of 100% to 150%. Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) it is estimated that the net profit in 2021 will be about RMB 1.188 billion to RMB 1.426 billion, with a year-on-year increase of 150% to 200%. Anhui Annada Titanium Industry Co.Ltd(002136) it is estimated that the net profit in 2021 will be 169 million yuan to 202 million yuan, an increase of 160% to 210% over the same period of the previous year.
It is noteworthy that in the past two years, titanium dioxide enterprises have made use of their own production advantages to focus on the track of lithium battery raw materials, of which Anhui Annada Titanium Industry Co.Ltd(002136) iron phosphate has obtained rich profits. According to the company, the 50000 T / a battery grade iron phosphate expansion project was completed and put into operation on schedule, and the output, sales volume, operating revenue and profit of iron phosphate increased significantly year-on-year.
In August last year, Lb Group Co.Ltd(002601) announced the proposed industrialization project of 200000 tons of lithium battery materials, 200000 tons of battery material grade iron phosphate project and 100000 tons of artificial graphite cathode material project for lithium batteries. Recently, the company said on the investor interaction platform that the phase I project of 200000 tons of iron phosphate, 200000 tons of lithium iron phosphate and 100000 tons of graphite negative electrode project will be completed and commissioned by the end of 2021.
Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) is also actively paving the way for the procurement of lithium carbonate for its lithium iron phosphate project. In November last year, the company announced that the company signed the capital increase agreement of Qinghai Jintai potash fertilizer Co., Ltd. and the purchase and sales strategic cooperation framework agreement with Qinghai Jintai potash fertilizer Co., Ltd., Li Shiwen and Qinghai Fukang Mining Co., Ltd, We have reached strategic cooperation on the supply and procurement of lithium products (including but not limited to industrial grade lithium carbonate, battery grade lithium carbonate, lithium chloride or all other lithium products developed in the future) and brine raw materials. Jintai potash agrees to provide the company and its subsidiaries with lithium products and brine raw materials for a long time.
In addition, the performance of new chemical material enterprises has also increased significantly due to strong market demand.
Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) business covers the whole industrial chain of molecular sieve raw powder, molecular sieve activation powder, formed molecular sieve and activated alumina. Recently, the company disclosed the performance forecast for 2021. It is estimated that the net profit last year was 275 million yuan to 290 million yuan, with a year-on-year increase of 115.91% to 127.68%. During the reporting period, the gradual release of the company’s new production line capacity and the improvement of the company’s brand influence drove the growth of the company’s operating revenue and net profit.
With the vigorous development of downstream panel industry and photovoltaic industry, the performance of optical film leader Jiangsu Shuangxing Color Plastic New Materials Co.Ltd(002585) shows a high-speed growth trend in recent years. The company recently disclosed that the net profit attributable to the parent company in 2021 is expected to be 1.36 billion yuan to 1.41 billion yuan, an increase of 88% to 95%.
Jiangsu Eastern Shenghong Co.Ltd(000301) although the main business is the chemical fiber industry, si’erbang, a subsidiary producing photovoltaic film particle EVA, made a great contribution to the company’s performance in 2021. According to the announcement of the company, the net profit attributable to the parent company is expected to be 4.1 billion yuan to 5 billion yuan in 2021, with a year-on-year increase of 435% to 552%. Among them, Sri Lanka contributed about 2.7 billion yuan to 3.4 billion yuan.
