On the afternoon of April 22, Longxing Chemical Stock Co.Ltd(002442) ( Longxing Chemical Stock Co.Ltd(002442) . SZ) 2021 annual performance presentation was held at the panoramic roadshow. The annual performance presentation meeting was held remotely through the Internet. Mr. Liu Pengda, chairman of Longxing Chemical Stock Co.Ltd(002442) board of directors, Longxing Chemical Stock Co.Ltd(002442) general manager Wei Liang, Longxing Chemical Stock Co.Ltd(002442) Chief Financial Officer Yang Jin, Longxing Chemical Stock Co.Ltd(002442) independent director Wang Yong and Longxing Chemical Stock Co.Ltd(002442) board secretary Liu Feizhou attended the presentation meeting.
At the exchange meeting, Wei Liang, the Longxing Chemical Stock Co.Ltd(002442) director and general manager, said that the pilot production of the company’s new carbon material development experiment has been carried out, and this technology can provide a relay point for the company’s future development. In addition, the company is developing special carbon technology and non rubber carbon black production technology. If the development is successful, it will change the product layout of the enterprise and become a new starting point for the future development of the enterprise.
Tianyancha information shows that as a backbone enterprise in China’s carbon black industry, Longxing Chemical Stock Co.Ltd(002442) its main business is the production and sales of carbon black, white carbon black and coal tar products.
The company’s carbon black products are mainly used in the rubber industry, as well as in industries such as ink and coating. According to the carbon black particle diameter, structure, iodine absorption value, DBP absorption value and other indicators, the company’s rubber carbon black products can be divided into more than ten categories, which are mainly used in the production of off-road tires, truck tires and other vehicle tires, and some are used in the production of rubber pads for bridges, conveyor belts and other rubber products with excellent wear resistance; White carbon black products include four categories: white carbon black for tires, white carbon black for shoes, white carbon black for silicone rubber, white carbon black for carriers and matting agents. White carbon black for tires is the most important product.
In terms of coal tar products, the company has the production capacity of carbon black special oil, light oil, washing oil, phenol sodium salt and industrial naphthalene, which is built for the production of carbon black products. The main products are carbon black special oil, which is used in the production of carbon black products of the company, and the output of other varieties is less.
Panorama learned that since its establishment, the company has taken technological innovation as one of the company’s strategic supports, and invested a lot of money in scientific and technological innovation and technological R & D every year. During the reporting period, Longxing Chemical Stock Co.Ltd(002442) totally invested 143635100 yuan in various R & D funds. Remarkable results have been achieved in developing new products, continuously optimizing product performance, improving device efficiency and reducing consumption.
As of December 2021, Longxing Chemical Stock Co.Ltd(002442) has obtained 79 national patents, including 11 invention patents and 68 utility model patents. 2021 utility model patents were applied for. At present, there are still four patent applications being accepted.
The research and development of patents has laid a technical foundation for the company’s next development. At present, Longxing Chemical Stock Co.Ltd(002442) has maintained the international advanced level in the design and preparation of large carbon black reactor, special reactor, special reactor, liquid fuel high-efficiency burner, application of ultra-high temperature energy recovery equipment, etc. Highly dispersed silica has been transferred from the development stage to the mass production stage, and has obtained a number of proprietary technologies. The company applies various desulfurization and denitration technologies to the tail gas treatment of carbon black production, especially in various early warning weather, which can meet the requirements of relevant departments.
It should be mentioned that Longxing Chemical Stock Co.Ltd(002442) also continues to explore new fields while based on its main business. During the reporting period, the company’s white carbon black project made breakthrough progress, and highly dispersed white carbon black has been accepted by tire enterprises.
In terms of quality and brand advantages, “Longxing” trademark owned by Longxing Chemical Stock Co.Ltd(002442) is recognized as a well-known trademark in China and a brand recommended by the Rubber Association. As the first enterprise in the industry to be registered through REACH regulations, Longxing Chemical Stock Co.Ltd(002442) products sell well in Beijing and Tianjin, Northeast China, North China, South China, Yangtze River Delta, Pearl River Delta and other regions, and maintain good cooperative relations with excellent tire enterprises Fengshen, shuangqian, Zhongce, South China, etc. export products are concentrated in Europe and Southeast Asia, and customers include Michelin, Bridgestone, Continental horse brand, Hantai, Sumitomo, Jiatong and other tire companies.
During the reporting period, Longxing Chemical Stock Co.Ltd(002442) carbon black output was 468400 tons, with a year-on-year increase of 8.45%, accounting for 9.56% of the total output of association members, ranking second in the industry. The annual operating revenue was 3438539 million yuan, an increase of 49.78% over the same period last year; The net profit was 1716342 million yuan, an increase of 121.59% over the same period last year.
The sales revenue structure of the company’s main business by region is basically the same as that of the same period of last year. Among them, China’s sales revenue accounted for 94.19% and foreign sales revenue accounted for 5.81%; In terms of products, its carbon black products achieved a sales revenue of 3224880100 yuan, an increase of 51.94% over the same period of last year; The sales revenue of white carbon black was 1108391 million yuan, a decrease of 18.09% over the same period of last year; The sales revenue of electricity and steam was 743277 million yuan, an increase of 10.19% over the same period of last year.
Looking forward to the future, the concentration of carbon black industry will be higher and higher, and the industry layout will be more scientific. With the continuous optimization of the supply side, the carbon black enterprises that will win in the market competition in the future will pay more attention to increasing the technical content of products, increasing the investment of R & D funds, enhancing the innovation of scientific research team and increasing resource conservation.
Longxing Chemical Stock Co.Ltd(002442) said that as one of the leading enterprises in the carbon black industry, in the future, it is necessary to maintain and upgrade the traditional core chemical products of the enterprise, carry out industrial upgrading, cultivate new profit growth points and strengthen core competitiveness under the background of continuous breakthroughs in technical barriers of domestic new materials; At the same time, we should adhere to the two wheel drive of endogenous and epitaxial development, the two-way development of China and the international market, realize the internationalization of the brand, and build Longxing Chemical Stock Co.Ltd(002442) into a world-class carbon black supplier; In addition, the company does not exclude exploring diversified development ideas and seeks to explore more viable industries on the basis of its main business.
