Levima Advanced Materials Corporation(003022) 4 the report for the first quarter of 2022 released on April 15 shows that due to the technical upgrading, capacity expansion and shutdown of EVA device, the production and sales volume of the company’s products decreased and the related maintenance expenses increased, and the company realized an operating revenue of 1.556 billion yuan, a year-on-year decrease of 13.73%; The net profit attributable to shareholders of listed companies was 107 million yuan, a year-on-year decrease of 60.14%; The basic earnings per share is 0.08 yuan.
According to the announcement, in the first quarter, the company implemented the fund-raising project “technology upgrading and transformation project of tubular tail of EVA device” according to the plan, resulting in the shutdown of EVA device for 28 days, the synchronous shutdown of MTO, PP, EO, EOD and other devices for 7-15 days, and the connection construction and maintenance of carbonate device, ultra-high molecular weight polyethylene device and utility system. The shutdown reduced the production and sales of products and increased relevant maintenance costs. Affected by these factors, the net profit in the reporting period decreased by about 163 million yuan; Meanwhile, due to the large year-on-year increase in the price of the company’s main raw materials, the net profit in the reporting period was about 64 million yuan.
The company said that by the end of the first quarter, the technical upgrading and capacity expansion of the company’s EVA device had been successfully completed. After this upgrading, the company expects the annual output of EVA and other major products to increase year-on-year in 2022. At present, all units of the company are in full load operation, and the products remain in full production and sales. The price of EVA products has increased by more than 30% compared with the beginning of the year. It is expected to maintain a high prosperity and good profitability for a long time in the future.
Zhuo Chuang information data show that the photovoltaic market demand continues to improve, the adhesive film and module manufacturers maintain a high operating rate, the main downstream demand of EVA is strong, the supply of EVA is tight, and the product price continues to rise Levima Advanced Materials Corporation(003022) eva factory price last week continued the recent upward trend. With the proposal of the national dual carbon goal, vigorously developing new energy such as photovoltaic and wind power is an inevitable measure for China’s energy transformation and development. Since this year, the construction of Fengguang large base and distributed photovoltaic power generation projects have been in full swing. The new installed capacity of 1-2 moonlight volts has reached 10.86gw, a year-on-year increase of 234% Levima Advanced Materials Corporation(003022) as a major supplier of photovoltaic adhesive film particles in China, it is expected to continue to benefit from the high prosperity of the industry in the future.
