Three main businesses go hand in hand Sanwei Holding Group Co.Ltd(603033) 2021 revenue increased by 86.89% year on year

the 2021 annual report was released on Sanwei Holding Group Co.Ltd(603033) 25. The company achieved an annual operating revenue of 3364353 million yuan, an increase of 86.89% year-on-year, and a net profit attributable to shareholders of listed companies of 124309 million yuan, a decrease of 41.15% year-on-year.

Sanwei Holding Group Co.Ltd(603033) was founded at the beginning of reform and opening up. After more than 30 years of development and market development, the company has formed a business pattern covering two major fields of “chemical industry and transportation” and involved in three main industries: rubber products industry, rail transit industry and chemical fiber industry.

Tape is the downstream industry of polyester industrial yarn, and Sanwei Holding Group Co.Ltd(603033) has been deeply cultivated in the tape industry for many years. The company has been recognized as the national “top ten enterprises of conveyor belt” and “top ten enterprises of transmission belt” for many consecutive years. As one of the drafters of technical standards for China’s tape industry, the company has successively participated in the formulation of 22 national standards, 15 industrial standards, 2 local group standards, 2 group standards of China Rubber Industry Association and 2 JJF (petrochemical) standards for conveyor belt and V-belt. It is an important technical force for the development of China’s tape industry.

During the reporting period, Sanwei Holding Group Co.Ltd(603033) under the leadership of China Rubber Industry Association, as the first drafting unit, completed the expert review of the transmission V-belt for plant protection equipment and formed a standard for submission for approval. The company’s technical strength and service quality have been highly recognized by the market and customers. The “three-dimensional” brand has become a first-line famous brand in the tape industry and has established a good reputation in the markets outside China. The company is among the best in the country in terms of conveyor belt and transmission V-belt products, and was rated as “top 100 enterprises in China’s rubber industry” in 2021.

In the field of rail transit, Sanwei Holding Group Co.Ltd(603033) in the 160km / h subway concrete track slab project participated in the research and development, the trial paving was successful in Shenzhen Metro Line 6. The project is the longest project in China to adopt subway track slab construction line. It is of great significance to promote the promotion of Chinese subway from using concrete short sleepers to using subway track slab. The application of subway track slab not only improves the assembly speed of the project, Improve the stability and safety of track operation, and the later track line maintenance is more convenient, which has high economic and social benefits. The company has developed subway segments, track sectors and other products applied to urban rail transit, and established a joint venture with Chengdu rail transit group to explore the “Chengdu Mode” of professional division and strong cooperation. At present, it has provided shield segments and track sectors for many subway projects of Chengdu rail transit. Guangdong Sanwei Co., Ltd. provides isolation and vibration damping cushion board products for Guangzhou rail transit lines 18 and 22 and sleeper board patent authorized products for the new Guangzhou Nansha port railway project.

During the reporting period, the company obtained 7 utility model patents for rubber products and rail transit, and 13 patent applications newly submitted and accepted by the State Intellectual Property Office. As of December 31, 2021, the rubber industry has obtained 43 patents, and the rail transit industry has obtained 25 patents. The cumulative amount of new orders for rail transit business of the company exceeded 1.4 billion yuan.

In order to extend and develop the upstream industrial chain of rubber products and promote the implementation of industrial chain coordination strategy. During the reporting period, Sanwei Holding Group Co.Ltd(603033) cogeneration phase I project has supplied steam and heat to more than 30 enterprises in Jiayuan district, and officially entered the State Grid for power supply and sale; The trial production of polyester chip and polyester industrial yarn project was successful, and the V-belt technical transformation and relocation project of rubber products was relocated in an orderly manner. The company has stepped into the coordinated development mode of the industrial chain of “heat supply polyester polyester filament industry tape”, which has rapidly promoted the improvement of the overall business scale.

During the reporting period, the company established Inner Mongolia 3D new materials Co., Ltd. in Wuhai City, Inner Mongolia to build a 900000 T / a BDO and degradable plastic integrated industrial chain project. In phase I of the project, 300000 t / a 1,4-butanediol (BDO), 100000 t / a degradable plastic PBAT, 60000 T / a high-end polyether material PTMEG, Shanghai Pudong Development Bank Co.Ltd(600000) T / a formaldehyde unit and 360000 T / a acetylene raw material (calcium carbide) combined unit will be built. Phase I of the project has completed the corresponding approval procedures required for the commencement of construction and implemented the energy consumption index. The company introduced Hualu Engineering Technology Co., Ltd., a subsidiary of China National Chemical Engineering Co.Ltd(601117) to provide EPCM services, and started construction on March 13, 2022, striving to meet the production conditions in the middle of 2023.

Sanwei Holding Group Co.Ltd(603033) through targeted development of foreign medium and high-end customers, large-scale project engineering and industrial host supporting business outside China, the continuous growth trend of rubber products has been maintained. During the reporting period, the company continued to deepen cooperation with finner. Dunlop and other international customers have long-term cooperation, and successively won the bid for Chinese key customer projects such as China Coal Group and national energy group. At the same time, it has actively expanded overseas new customers and new markets, planned to set up overseas service network, explored the business needs of international mining giants from Australia, and strive to expand the overseas market space.

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