Securities code: Zhejiang Zhengguang Industrial Co.Ltd(301092) securities abbreviation: Zhejiang Zhengguang Industrial Co.Ltd(301092) Announcement No.: 2022009 Zhejiang Zhengguang Industrial Co.Ltd(301092) 2021 annual report summary
1、 Important note: 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
The audit opinion of Tianjian Certified Public Accountants (special general partnership) on the company's financial report this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the accounting firm of the company changed from to Tianjian accounting firm (special general partnership) this year. Tips of non-standard audit opinions □ applicable √ not applicable the company was not profitable when it was listed and is not profitable at present □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting provident fund into share capital in the reporting period reviewed by the board of directors √ applicable □ not applicable the profit distribution plan of ordinary shares reviewed and approved by the board of directors is: Based on 133333334, distribute cash dividend of 1.20 yuan (including tax) to all shareholders for every 10 shares, 0 bonus shares (including tax) will be given, and 0 shares will be added to all shareholders for every 10 shares with capital reserve.
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 Zhejiang Zhengguang Industrial Co.Ltd(301092) stock code Zhejiang Zhengguang Industrial Co.Ltd(301092)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wu Yafei
Office address: Century Avenue, Nanyuan street, Linping District, Hangzhou, Zhejiang Province
16th floor, Meiya Building 1, 16th floor, Meiya Building 1
Fax: 057186319310
Tel: 057186319310
E-mail [email protected]. The [email protected].
2. Introduction to main business or products during the reporting period
1. Main business:
The company is mainly engaged in the R & D, production and sales of ion exchange and adsorption resins, and is committed to the promotion and application of products in new fields.
With perfect chemical infrastructure, self-developed patented technology and rich experience in production process control, the company is China's leading enterprise capable of large-scale production of ion exchange and adsorption resin, and has realized the substitution of some foreign imported ion exchange and adsorption resin. In addition to the Chinese market, the company's products are also sold to Germany, Switzerland, Russia, Italy, South Korea, the United States, Africa and other countries and regions. The company's main customers include many listed companies and large enterprises outside China, such as Brita of Germany, Mitsubishi Chemical of Japan, Aquis of Switzerland, Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) ( Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) . SZ), born chemical of Korea, COFCO group, China Petroleum & Chemical Corporation(600028) ( China Petroleum & Chemical Corporation(600028) . SH), CGN group, China National Nuclear Power Co.Ltd(601985) ( China National Nuclear Power Co.Ltd(601985) . SH), Xiamen Tungsten Co.Ltd(600549) ( Xiamen Tungsten Co.Ltd(600549) . SH), Cargill of the United States, etc.
The company has always attached importance to R & D and innovation and is a national high-tech enterprise. As of December 31, 2021, the company has 13 invention patents, 6 new invention patents and 4 utility models in 2021. As one of the 13 national ion exchange industry standards, the director or vice president of the company has presided over the formulation of the resin industry standards, which reflects the advantages of the resin industry association. The company has successively won the "National Torch Plan key high-tech enterprise" and "national high-tech enterprise", and the company's technology center has been recognized as the "provincial high-tech enterprise research and development center" by the Department of science and technology of Zhejiang Province. The company is one of the few enterprises in China that has mastered the production technology of medium and high-end ion exchange and adsorption resins such as nuclear grade resin, powder resin, homogeneous resin, large-scale integrated circuit resin, condensate resin and food grade resin. It is the first enterprise in the same industry in China to obtain the access qualification in China National Nuclear Power Co.Ltd(601985) field, and has been listed in the list of qualified suppliers of CNNC headquarters after review by CNNC group.
The company has passed the review of ios9 Dongrui Food Group Co.Ltd(001201) 5 quality management system certification, ios14 Dongrui Food Group Co.Ltd(001201) 5 environmental management system certification and ohsa180012007 occupational health and safety management system certification every year, and passed the qualifications such as WQA goldseal certificate, kosher certification, halal certification, FDA registration and IFANCA halal certificate, so as to provide guarantee for high-quality products.
2. Main products and uses:
The company's main products are ion exchange and adsorption resins. The "Zhengguang" and "hydrolite" brand ion exchange and adsorption resins produced by the company cover more than 20 series and more than 400 models. The products are widely used in industrial water treatment, food and drinking water, nuclear industry, electronics, biomedicine, environmental protection, hydrometallurgy and other fields of the national economy.
As a material with high-performance separation and adsorption functions, it can achieve the functions of material separation, purification, concentration and enrichment through ion exchange and adsorption of the exchanged material. Relying on the reliable quality and stable performance of products, the company has played an important role in improving the product quality of customers in downstream industries, reducing environmental pollution, promoting process innovation and reducing production costs, improving the core competitiveness of customers in downstream industries and creating value for customers.
The main application fields of ion exchange and adsorption resin are as follows:
Classification purpose
In the field of general industrial water treatment, it is mainly used for hard water softening and pure water preparation
In the field of industrial water treatment, in the field of high-end industrial water treatment, it is mainly used for Condensate Fine Treatment of medium and large-scale power plants and internal cooling water treatment of generator units
In the field of food and drinking water, it is used in the desalination, decolorization, separation, purification, deodorization and catalysis of drinking water and sugar, wine, dairy products, oil, fruit juice and beverages
In the field of nuclear industry, it is applied to the feed water and water treatment system of the primary and secondary circuits of nuclear power generating units of nuclear power plants, the separation and purification of radioactive elements, etc
The electronic field is applied to ultra pure water treatment in semiconductor devices and large-scale integrated circuit industries
In the field of biomedicine, it is applied to the extraction of Western medicine raw materials, traditional Chinese medicine and plant effective components
In the field of environmental protection, it is used for the treatment of industrial wastewater polluted by high concentration, refractory organic matter and heavy metals
Hydrometallurgy is applied to the separation and extraction of precious metals, rare metals and rare earth metals
3. Process flow chart of main products:
The overall production process flow diagram of the company is as follows:
Because the product specifications of the company are larger, the processing technology of different models is not the same. Because of the great difference between the anion resin and the cationic resin, the gel resin and the macroporous resin, the finishing resin and the conventional resin in raw materials and production technology, the following is a typical resin type process flow chart as follows:
（1）201 × 7 strong basic gel resin (finish)
① Polymerization process (semi-finished product synthesis stage)
② Functional group reaction process (functionalization stage)
③ Purification and fine treatment (fine treatment stage)
4. Upstream and downstream industrial chain of main products
(1) Upstream industry
The upstream industry of ion exchange and adsorption resin is petrochemical industry. The main raw materials for the production of ion exchange and adsorption resin include styrene, sulfuric acid, divinylbenzene, methyl acrylate, etc. in addition, it also involves dozens of chemical raw materials such as methanol and methylal. Changes in product supply and demand of these basic chemical raw materials and price fluctuations of related products have a certain impact on the development of the industry. At present, most of China's basic chemical raw materials can meet China's production demand.
(2) Downstream industry
The development of downstream industries has driven the development of ion exchange and adsorption resin industry. Ion exchange and adsorption resin are widely used in downstream industries, involving industrial water treatment, food and drinking water, nuclear industry, electronics, biomedicine, environmental protection, hydrometallurgy and other national economic fields. Ion exchange and adsorption resins play an irreplaceable role in the production process of these industries. The expansion of downstream demand and the increase of investment opportunities can expand the market demand of the industry. In industrial applications, ion exchange and adsorption applications in electric power and petrochemical industries have been relatively mature and the demand is stable; The further development of applications in emerging industries such as food and drinking water, nuclear industry, electronics, biomedicine and hydrometallurgy will bring broader space for the development of this industry. At the same time, the ion exchange and adsorption resin has a certain service life. In the process of use, due to the influence of crushing loss, pollution and other factors, the working exchange capacity of the resin will gradually decline. Therefore, in addition to increasing the demand for ion exchange and adsorption resin for new production capacity, the downstream industry must also supplement and replace ion exchange and adsorption resin regularly.
5. Business model:
(1) R & D mode
The company focuses on independent research and development, supplemented by cooperative research and development. R & D is mainly divided into synthetic R & D and application R & D. synthetic R & D is mainly the R & D of new products and processes, and application R & D is mainly the R & D of new application fields of products.
The sales department collects information according to market conditions and customer needs, and after communicating with the R & D department, the R & D department organizes relevant R & D teams to hold project initiation review meetings to carry out work including project initiation, management, R & D, design, small test and pilot test, and implement the responsibilities of R & D personnel of the specific R & D team, clarify the requirements of each stage and carry out R & D work.
(2) Procurement mode
The company's procurement mode is "production based on sales, purchase based on production, taking into account safety inventory". The company's external procurement mainly includes all kinds of raw materials, resins and white balls. Raw materials are the chemical raw materials required by the company's self-produced ion exchange and adsorption resin, mainly including styrene, divinylbenzene, dimethylpropylene diamine, sulfuric acid, etc. they are bulk petrochemical products with sufficient market supply, transparent price, stable quality and unified standards. At the same time, the company will also purchase crude resin and white balls. The main reason is that the company's existing products have a wide range of applications and large demand, and are limited by environmental emission restrictions in the park. The production line runs at full capacity for a long time, and there is a bottleneck in production capacity. Therefore, the company purchases crude resin and white balls to improve production flexibility and deal with the fluctuation of order undertaking; In addition, the company also entrusts some white balls to outsourcing manufacturers to produce basic resins with relatively simple process, which is mainly due to the short delivery time of some customers and the company's own production capacity can not meet the needs of customers.
The company signed a framework cooperation agreement with resin manufacturers and outsourcing manufacturers to clarify the process standards and quality requirements of products. The resins purchased and outsourced by the company are generally basic resins. The company carries out quality inspection on the resins in strict accordance with relevant standards and quality specifications. After passing the inspection, they shall be purified and refined, alkali washed, pickled or directly cleaned. For manufacturers whose inspection quality is unqualified, the company will put forward rectification requirements or cancel their purchase orders in combination with the actual situation.
(3) Production mode
According to the sales plan of the sales department and the resin inventory, the production department of the company counts the actual production of resin in the current month. If the resin production capacity in the current month is greater than the sales demand, the production shall be arranged according to the principle of "giving priority to orders and giving consideration to inventory" after consulting the sales department; If the resin production capacity of the current month cannot meet the sales demand, the production management department shall notify the purchasing department to purchase crude resin or white ball.
As the application scope of ion exchange and adsorption resin involves many industrial fields from industry to civil use, it is faced with complex separation environment and a variety of separation objects, which leads to different formulas in the production process, many kinds of products, and the production presents the characteristics of "small batch, multi variety and flexibility".
The company adopts the advanced distributed control system (DCS system) in the industry for production control, which can realize automatic feeding, automatic measurement and automatic process execution in the production process, and ensure the stable quality of each batch of products in the production process.
(4) Sales model
The company's sales model is mainly direct sales, supplemented by traders and agents. The company mainly obtains orders through inquiry and negotiation, as well as agent sales, bidding and third-party introduction. The company has a special sales department responsible for the management of product market development, marketing and after-sales service.
6. Key performance drivers
As a special functional separation material, ion exchange and adsorption resin should
