Jiangxi Chen Guang New Materials Co.Ltd(605399) april 22 disclosed the annual report of 2021 and the report of the first quarter of 2022. In 2021, the company achieved a revenue of 1.697 billion yuan, a year-on-year increase of 127.47%; The net profit attributable to the parent company was 537 million yuan, a year-on-year increase of 320.88%; Deduct non net profit of 530 million yuan, with a year-on-year increase of 356.28%. The company plans to distribute a cash dividend of 5 yuan (including tax) for every 10 shares and increase 3 shares.
In the first quarter of 2022, the company continued its high growth and achieved an operating revenue of 532 million yuan, a year-on-year increase of 98.63%; The net profit was 190 million yuan, a year-on-year increase of 203.04%; The net profit deducted from non profit was 188 million yuan, an increase of 228.04% year-on-year.
Jiangxi Chen Guang New Materials Co.Ltd(605399) mainly engaged in the R & D, production and sales of functional silane basic raw materials, intermediates and finished products. In 2021, the company will continue to increase R & D personnel and R & D capital investment. During the reporting period, the company has 33 R & D projects under implementation, which are in different stages such as small-scale test and pilot test, completed 7 R & D projects, applied for 7 invention patents and authorized 2 invention patents. In 2021, the research and development of gel aerogel insulation materials made great progress and had the industrialized production conditions. It has completed the development work in the products of long-chain alkyl silane, new sulfur-containing silane and hexamethyldisilazane, and has the possibility of industrialization.
In 2021, according to the business development needs and planning, the company completed the construction of phase II of the “60000 ton / year organic silane coupling agent project”, passed the project acceptance and operated normally at the end of the year. After the completion of the project, the production capacity of sulfur-containing silane, methacryloyloxysilane and diaminosilane will be added. The company’s fund-raising project “65000 tons of organic silicon new material technical transformation and capacity expansion project” has completed the equipment installation and construction of KH-560 and allyl glycidyl ether production line in 2021, which can be applied for trial production and accepted. Normal production can be carried out after completing relevant procedures; There are still kh-540, V4, cg-794, cg-605 and other product production lines under construction and installation in the raised investment project, which are advancing in an orderly manner.
The company will complete the construction of raised investment projects in 2022 and put some raised investment projects into operation. After the construction of the raised investment project is completed, the company will further optimize the product structure and create new performance growth points. The “300000 ton / year functional silane project” constructed by the company in Tongling, Anhui Province has not yet started construction, is in the process of handling preliminary procedures, and is expected to officially start construction in 2022. The project mainly relies on the advantages of existing process technology and new product development to further expand the production capacity of the company’s functional silane series products and new product production, ensure the stability of product production and reduce business risks, so as to consolidate the company’s industry position. The “special silicone material project with an annual output of 23000 tons” invested and constructed by the company is mainly composed of potential silicon-based materials, silicone materials and new functional silane products. Efforts are being made to promote and strive for some products to meet the trial production conditions in 2022. The company plans to invest in the construction of silicon-based new materials and titanium and cobalt based new materials projects in Hukou high tech Industrial Park, Jiujiang City, Jiangxi Province. At present, it has not been officially put into construction. Relying on this project, the company will further extend the industrial chain and expand the scale.
