Argus (Shanghai) Textile Chemicals Co.Ltd(603790) released its annual report for 2021 on April 28. The report shows that the company's revenue and net profit in 2021 were about 930 million yuan and 684291 million yuan respectively, an increase of 15.64% and 24.29% respectively over the previous year. On the same day, the company also disclosed the first quarter report of 2022, and the company's performance still increased steadily. The net profit in the first quarter of this year was about 292024 million yuan, an increase of 18.73% year-on-year.
In 2021, Argus (Shanghai) Textile Chemicals Co.Ltd(603790) complied with the trend of the times and actively developed new products with green attributes such as environmental protection and low carbon. The company's polyester cotton one bath yagexin CP series dyes were selected into the 15th batch of recommended catalogue of advanced technologies for energy conservation and emission reduction in China's printing and dyeing industry. The auxiliary business department developed a carbon emission accounting model to contribute to energy conservation and emission reduction in the printing and dyeing industry. Facing the development trend of digitization and intellectualization of the industry, the company has established a digital color solution with the huge color database and relevant application technology reserves accumulated for a long time.
In terms of R & D and innovation, the company continued to strengthen its R & D capacity last year, and its subsidiary Zhendong new materials was certified as a high-tech enterprise for the first time. Cofaman, a subsidiary, has a technology center of more than 1700 square meters, with dyeing and finishing application technology center and engineering technology research center. It was rated as Jiangsu provincial enterprise technology center in 2021. Relying on solid R & D facilities and complete talent team, as of December 31, 2021, the company and its subsidiaries have obtained 184 patents, including 122 invention patents. And successfully developed polyester cotton one bath yagexin CP series dyes in line with the current concept of green environmental protection. This product was selected into the 15th batch of recommended catalogue of advanced technologies for energy conservation and emission reduction in China's printing and dyeing industry.
At the same time, the company actively explores the digital empowerment of the textile industry chain, fully excavates the long-term accumulated technical advantages, boldly uses digital technology, develops a series of intelligent software and hardware products such as Xiaomeng intelligent color meter and zhirantong app, seizes a series of pain points and difficulties in the textile industry chain, promotes the layout of the company in the textile and garment industry chain, develops more value-added products and services, and creates a new track suitable for future development.
For the future development strategy, Argus (Shanghai) Textile Chemicals Co.Ltd(603790) said that in 2022, it is planned to accelerate the national layout of supporting intelligent hardware "Xiaomeng", officially release digital color solutions, solve the demand of brand supply chain departments for fast and accurate color, and lay the foundation for the final realization of color digitization. In the second half of the year, zhirantong version 1.0 for the printing and dyeing end will be officially released to provide a digital solution for the color reproduction of the printing and dyeing end to realize rapid reaction in mass production. At the same time, we will actively expand our business scope and explore the application of color digitization solutions in the non textile industry. In addition, it is expected that Taicang and Shaoxing auxiliary production projects of the company will be gradually completed and put into operation in 2022, and the above projects will significantly improve the production capacity of the company. Among them, Shaoxing plant has the unique location advantage of being adjacent to the national textile printing and dyeing base, and the auxiliary business scale of the company is expected to reach a new level in the future. With the completion and operation of the R & D center project located in Shanghai beihongqiao during the year, the company's comprehensive competitiveness will also be greatly improved.
