This week, the prosperity index of Guohai chemical industry was 151.14, up 0.08 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 112 US dollars / barrel. In the short term, the top of oil price has confirmed that 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) Viscose staple fiber faucet Tangshan Sanyou Chemical Industries Co.Ltd(600409) vitamin faucet Zhejiang Nhu Company Ltd(002001) coal chemical faucet Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) leading enterprises in the field Shandong Sinocera Functional Material Co.Ltd(300285)
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 material will continue to expand, and will have strong anti-aging technology, such as Rianlon Corporation(300596) , Shandong Dawn Polymer Co.Ltd(002838) , Sunresin New Materials Co.Ltd Xi’An(300487) , etc.
Key target information tracking
[ Wanhua Chemical Group Co.Ltd(600309) ] according to Zhuo Chuang information, the price of pure MDI was 21883 yuan / ton on April 15, down 367 yuan / ton from April 8; The price of polymerized MDI was 18300 yuan / ton, a decrease of 650 yuan / ton compared with April 8. According to the official account of WeChat online, the installation of Wanhua Chemical Group Co.Ltd(600309) (Fujian) expansion unit for the 250 thousand ton / year TDI project has started. According to the official account of Wanhua micro vision, Wanhua Chemical Group Co.Ltd(600309) acetophenone project has been put into operation and produced qualified products recently. Relying on the advantages of petrochemical integration, the project provides high-quality and stable supply for downstream customers through advanced technology and technology.
[ Shandong Linglong Tyre Co.Ltd(601966) ] according to Bloomberg, the FBX index from China to the West US port this week was US $1581670/feu, down – 0.11% from last week; The FBX index from China to Meidong port was 1714750 US dollars / feu, down from – 2.46% last week; The FBX index from China to Europe was US $1203060/feu, down from – 0.46% last week. On April 9, Shandong Linglong Tyre Co.Ltd(601966) issued an announcement to disclose the report on the issuance of non-public A shares. The net amount of funds raised this time is 2.385 billion yuan. Of the net funds raised after deducting the issuance expenses, 1.75 billion yuan will be used for the production project of Changchun with an annual output of 1.2 million all steel radial tires and 3 million semi steel radial tires, and the rest will be used to supplement the working capital of the company. On April 13, the company held the 34th meeting of the 4th board of directors, deliberated and approved the proposal on using the raised funds to replace the self raised funds invested in the raised funds investment projects in advance and the paid issuance expenses, and agreed to use the raised funds to replace the self raised funds invested in the raised funds investment projects of RMB 475 million and the paid issuance expenses of RMB 919300 (excluding value-added tax) by April 1, 2022.
On April 14, the company issued an announcement on using some idle raised funds to temporarily supplement working capital. In order to improve the use efficiency of raised funds and reduce financial expenses, on the premise of ensuring the smooth implementation of the investment projects with raised funds, according to relevant regulations, the company plans to use the idle raised funds of 350 million yuan in the special account for raised funds of Jilin Linglong to temporarily supplement the working capital of Jilin Linglong. The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors.
[ Sailun Group Co.Ltd(601058) ] on April 13, Sailun group held the 20th meeting of the 5th board of directors, deliberated and adopted the proposal on the company’s expected external guarantee in 2021, agreed that the company would provide a guarantee with a total amount of no more than 9.7 billion yuan (including the guarantee under execution) for the financing of its holding subsidiaries, and agreed that the relevant holding subsidiaries would provide a guarantee with a total amount of no more than 7.6 billion yuan (including the guarantee under execution) for the financing of the company, The total amount of guarantee provided by relevant holding subsidiaries for each other’s financing shall not exceed 2 billion yuan, which is valid from the date of deliberation and approval of the 2020 annual general meeting of shareholders to the time when the company holds the 2021 annual general meeting of shareholders. The above matters were also deliberated and approved by the 2020 annual general meeting of shareholders held on May 18, 2021.
[ Qingdao Sentury Tire Co.Ltd(002984) ] Qingdao Sentury Tire Co.Ltd(002984) held the fifth meeting of the third board of directors and the fifth meeting of the third board of supervisors on April 12, 2022, deliberated and approved the proposal on granting stock options to the incentive objects of the company’s 2022 stock option incentive plan. According to the provisions of the company’s 2022 stock option incentive plan (Draft) and its summary and the authorization of the company’s 2022 third extraordinary general meeting of shareholders, The board of directors of the company decided to grant 1979.7 million stock options to 452 eligible incentive objects on April 12, 2022.
[ Hengli Petrochemical Co.Ltd(600346) ] according to Zhuo Chuang information, the inventory of polyester filament on April 14 was 31.5 days, up 2.1 days month on month; The inventory of pta4 on June 15 was 2.729 million tons, down 81000 tons month on month. On April 15, the price of polyester filament FDY was 8550 yuan / ton, an increase of 150 yuan / ton compared with April 8; On April 15, PTA price was 6190 yuan / ton, up 90 yuan / ton from April 8. On April 15, the company announced that it planned to spin off its subsidiary Kanghui new material and realize the reorganization and listing through the reorganization of Dalian Thermal Power Co.Ltd(600719) after the spin off, the equity structure of the company will not change, Dalian Thermal Power Co.Ltd(600719) will become the controlling shareholder of Kanghui new material and Hengli Petrochemical Co.Ltd(600346) will become the controlling shareholder of Dalian Thermal Power Co.Ltd(600719) .
Rongsheng Petro Chemical Co.Ltd(002493) , according to WeChat’s official account of WeChat, in April 8th, Fortune magazine released the list of China’s 50 most influential business leaders in 2022. Li Sheng Shui, the party secretary and chairman of Rongsheng group, ranked twentieth in the list.
Jiangsu Eastern Shenghong Co.Ltd(000301) , according to Sheng Hong group WeChat official account, Sheng Hong group adds two provincial intelligent manufacturing demonstration factories, namely, Jiangsu Hong Hong Fiber Co., Ltd. — functional modified polyester filament intelligent plant, Jiangsu Sibon Petrochemical Co., Ltd. – alcohol based polygeneration intelligent factory.
Hengyi Petrochemical Co.Ltd(000703) , according to WeChat public official account of Hengyi group, recently, the China State Construction Engineering Corporation Limited(601668) Industry Association issued the decision on awarding the Luban prize (China’s construction project) for the 2020 year -2021 (overseas project) in the year of -2021, and the list of petrochemical projects of 8 million tons of crude oil processed by Hengyi (Wen Lai). Won the national engineering award again – “Luban Award”, the highest award in China State Construction Engineering Corporation Limited(601668) industry.
[ Tongkun Group Co.Ltd(601233) ] according to the official account of WeChat public, the China National Chemical Engineering Co.Ltd(601117) Fiber Industry Association released the list of the 2021 chemical fiber industry’s pre production ranking in 2021. The Tong Kun group ranked first in the 2021 China National Chemical Engineering Co.Ltd(601117) fiber production preranking comprehensive list and the 2021 China polyester filament production, and the China’s polyester POY production in 2021, ranking second in the polyester production and the polyester FDY production pre ranking.
[ Xinfengming Group Co.Ltd(603225) ] on April 14, the company released its annual report for 2021, realizing an operating revenue of 44.770 billion yuan, a year-on-year increase of 21.05%; The net profit attributable to the parent company was 2.254 billion yuan, a year-on-year increase of 273.77%; Among them, Q4 achieved a revenue of 8.201 billion yuan in 2021, with a year-on-year increase of – 41.11% and a month on month increase of – 36.37%; The net profit attributable to the parent company was 320 million yuan, with a year-on-year increase of – 6.90% and a month on month increase of – 47.65%.
[ Xinyangfeng Agricultural Technology Co.Ltd(000902) ] according to Zhuo Chuang information, the price of monoammonium phosphate this week was 3575 yuan / ton, up 67 yuan / ton month on month; The price of compound fertilizer was 3562.5 yuan / ton, unchanged month on month. On April 12, the company issued an announcement on the investment and construction of phosphorus chemical industry and comprehensive utilization of phosphorus ore associated fluorosilicone resources by the wholly-owned subsidiary Yangfeng Chuyuan New Energy Technology Co., Ltd.: according to the overall strategic layout of the company, in order to realize the company’s long-term planning and development strategy, optimize the company’s industrial structure and strengthen the strategic layout and competitive advantage of the integration of the company’s industrial chain, Yangfeng Chuyuan New Energy Technology Co., Ltd. plans to invest in the comprehensive utilization project of phosphorus chemical industry and phosphorus ore associated fluorosilicone resources in Ruichang City, Jiangxi Province. The total planned investment of the project is 6 billion yuan, and the project capital source is the company’s own funds. The construction content is: phosphorus chemical project: beneficiation of 1.5 million tons, phosphoric acid of 300000 tons, purified phosphoric acid of 250000 tons, sulfuric acid of 900000 tons, high-grade flame retardant of 100000 tons, potassium dihydrogen phosphate of 100000 tons, slag acid fertilizer of 200000 tons, comprehensive utilization of 1.5 million tons of phosphogypsum. Fluorosilicone chemical project: 30000 tons of anhydrous hydrogen fluoride and 20000 tons of white carbon black. New energy material project: 10000 tons of lithium hexafluorophosphate. The construction time of the project is expected to be 12 months from the date of obtaining the land real estate certificate. On April 12, the company released its annual report for 2021: in 2021, the company achieved an operating revenue of 11.802 billion yuan, a year-on-year increase of 17.21%; The net profit attributable to shareholders of listed companies was 1.210 billion yuan, a year-on-year increase of 28.22%. In 2021, the company sold 4.614 million tons of phosphate and compound fertilizer, a year-on-year decrease of 3.69%; The sales of phosphate and compound fertilizer are specific to various products: (1) the sales volume of phosphate fertilizer is 782200 tons, a year-on-year decrease of 30.88%. The proportion of sales revenue in operating revenue was 17.95%, 3.34 percentage points lower than that in 2020; (2) The sales volume of conventional compound fertilizer was 2.9283 million tons, a year-on-year decrease of 0.37%. The realized sales revenue accounted for 55.52% of the operating revenue, a decrease of 0.37 percentage points compared with 2020. (3) The sales volume of new compound fertilizer was 903400 tons, with a year-on-year increase of 25.44%. The realized sales revenue accounted for 21.71% of the operating revenue, an increase of 3.86 percentage points over 2020.
[ Chengdu Wintrue Holding Co.Ltd(002539) ] on April 14, 2022, the company released its annual report for 2021: the company achieved an operating revenue of 14.898 billion yuan, a year-on-year increase of 62.74%; The operating cost was 12.135 billion yuan, a year-on-year increase of 61.26%; The net profit attributable to shareholders of listed companies was 1.232 billion yuan, a year-on-year increase of 147.06%. The sales volume of the company’s main product compound fertilizer was 2.8739 million tons, a year-on-year increase of 10.41%, and the sales revenue was 6.226 billion yuan, a year-on-year increase of 29.87%; Among them, the sales volume of conventional compound fertilizer was 1.6025 million tons, with a year-on-year increase of 3.75%, and the sales revenue was 3.362 billion yuan, with a year-on-year increase of 28.01%; The sales volume of new compound fertilizer was 1.2713 million tons, a year-on-year increase of 20.13%, and the sales revenue was 2.865 billion yuan, a year-on-year increase of 32.13%.
The company released the performance forecast for the first quarter of 2022: in the first quarter of 2022, it is expected to realize the net profit attributable to the parent company of 450480 million yuan, with a year-on-year increase of 149.15% – 165.76%. The net profit deducted from non parent company was 436 million yuan to 466 million yuan, with a year-on-year increase of 121.93% – 137.20%.
[ Lb Group Co.Ltd(002601) ] on April 13, the company released its annual report for 2021, realizing an operating revenue of 20.566 billion yuan, a year-on-year increase of + 45.77%; The net profit attributable to the shareholders of the listed company was 4.676 billion yuan, a year-on-year increase of + 104.33%. The company announced that the company and Henan yukuang Kaiyuan Mining Co., Ltd. plan to establish a joint venture in Tanzania to cooperate on a hard rock lithium exploration right held by an overseas subsidiary of Kaiyuan mining in Dodoma Province, Tanzania.
[ Shanghai Zhongyida Co.Ltd(600610) .
[ China National Chemical Engineering Co.Ltd(601117) ] on April 12, 202, the company released the first quarter operation briefing: from January to March 2022, the company achieved a cumulative operating revenue of 35.479 billion yuan, a year-on-year increase of 41.34%; The cumulative amount of newly signed contracts was 103914 billion yuan, a year-on-year increase of 90.05%.
[ Zhejiang Double Arrow Rubber Co.Ltd(002381) ] there is no update information.
[ Shandong Yanggu Huatai Chemical Co.Ltd(300121) ] according to Zhuo Chuang consulting, on April 15, the daily market price of rubber accelerator M in Hengshui market was 17500 yuan / ton, unchanged from April 8; The daily market price of accelerator NS was 25250 yuan / ton, unchanged month on month on April 8; The daily market price of accelerator TMTD was 20250 yuan / ton, unchanged on April 8.
[ Huafon Chemical Co.Ltd(002064) ] according to wind, the 40d of spandex was 51000 yuan / ton on April 14, with a month on month decrease of 2000 yuan / ton and 3000 yuan / ton on April 7. On April 12, Huafon Chemical Co.Ltd(002064) released the performance forecast for the first quarter of 2022, which is expected to
