Recently, China National Chemical Engineering Co.Ltd(601117) ( China National Chemical Engineering Co.Ltd(601117) . SH) disclosed the annual report of 2021. During the reporting period, the company achieved an operating revenue of 137289 billion yuan in 2021, a year-on-year increase of 25.43%, a net profit attributable to shareholders of listed companies of 4.633 billion yuan, a year-on-year increase of 26.64%, a newly signed contract amount of 269769 billion yuan, an increase of 7.41%, and a number of major economic indicators reached a record high.
At the same time, the first quarterly report disclosed that the company continued the high-speed growth trend since 2021. The scale of revenue and the amount of newly signed contracts both reached the best level in history, realizing an operating revenue of 35.291 billion yuan, a year-on-year increase of 41.54%, and the amount of newly signed contracts was 103914 billion yuan, a year-on-year increase of 90.05%. It completed the “good start” and “stable start” in the first quarter of 2022, laying a solid foundation for the “stable growth” of the whole year.
focus on innovation and steadily build a comprehensive solution service provider in the field of industrial engineering
In 2021, facing the complex and severe situation outside China and many risks and challenges, China National Chemical Engineering Co.Ltd(601117) actively integrated into the new development pattern, deepened the implementation of the “five business concepts”, continued to consolidate the advantages of the main business, focused on improving quality and efficiency, continuously optimized the business structure, and achieved new highs in performance, creating a good start to the 14th five year plan.
During the reporting period, China National Chemical Engineering Co.Ltd(601117) optimized resource allocation and vigorously promoted localized operation in important regions such as Beijing Tianjin Hebei, Yangtze River Delta, Guangdong, Hong Kong, Macao, Hainan, Chengdu and Chongqing; Focus on the main industry, optimize the business layout, and promote the coordinated development of relevant diversified business patterns; The construction of the business system was further improved, and China’s dispatched offices were adjusted and strengthened. The newly signed contract amount in the five regions increased by 151% compared with that before its establishment. In addition, the company has comprehensively promoted its overseas business, continuously consolidated and implemented the strategic layout of “one body and two wings”, and continuously made breakthroughs in its overseas business.
China National Chemical Engineering Co.Ltd(601117) also gave full play to its own technical advantages, formulated transformation and upgrading measures for energy conservation and carbon reduction in seven key energy consuming subdivisions of chemical industry and petrochemical industry, assisted the transformation and upgrading of energy conservation and carbon reduction, made every effort to improve the comprehensive utilization efficiency of coal as chemical raw materials, launched the first set of clean coal chemical demonstration device, and promoted the high-quality development of coal chemical industry. It is reported that China National Chemical Engineering Co.Ltd(601117) will also set up a professional operation and maintenance company to create customized solutions for the transformation and upgrading of energy conservation and carbon reduction in high energy consuming industries on the one hand, and provide owners with full life-cycle operation and maintenance services for chemical plants on the other hand.
industrial enterprises, accelerate the building of high-end chemical and advanced material suppliers
China National Chemical Engineering Co.Ltd(601117) accelerate the pace of transformation and upgrading, actively promote the “double carbon” special work, and continue to extend the business field to high value-added industries and new materials business with strategic emerging industries as the core. According to the annual report, China National Chemical Engineering Co.Ltd(601117) continued to increase R & D investment, improved the “1 General Institute + multiple branches + n platform” scientific and technological innovation platform system, focused on research in key fields such as new chemical materials, green environmental protection technology, carbon emission reduction technology and chemical intelligent equipment, and achieved steady increase in scientific and technological achievements. In the whole year, it won 647 national authorized patents and 1 first prize of the national science and technology progress award.
In recent years, China National Chemical Engineering Co.Ltd(601117) takes the new chemical material technology monopolized by foreign countries and not industrialized in China as the main direction, breaks through a number of key core technologies, actively promotes the transformation to industry, and walks out of a development path of “technological innovation + characteristic industry”. According to the latest announcement, China National Chemical Engineering Co.Ltd(601117) all industrial projects are progressing smoothly. The acrylonitrile unit and hexanediamine unit of Tianchen Qixiang nylon new material project (phase I), which broke through the “neck” technology, were successfully started at one time, and the first batch of qualified products were successfully produced, and the product quality reached the high-grade products; The Hualu new material aerogel gel project was successfully started at one time. At present, the first batch of qualified silicon-based nano aerogel composite insulation felt products have been produced; The first phase of degradable plastic PBAT project with an annual output of 100000 tons has been successfully mechanically completed.
In terms of “zero carbon” and “negative carbon”, China National Chemical Engineering Co.Ltd(601117) has carried out the R & D layout of relevant high-end new material technologies in the fields of photovoltaic, wind energy, efficient energy storage and hydrogen energy utilization. In the future, China National Chemical Engineering Co.Ltd(601117) will comprehensively improve the “double carbon” technology level, accelerate the research and development of high value-added products and the development of industrial new materials, and create China National Chemical Engineering Co.Ltd(601117) a comprehensive carbon neutralization solution.
policy overweight, seize the development opportunity of infrastructure investment under steady growth
At present, infrastructure investment welcomes the policy warm wind again, and multiple departments have intensively stated that they should support the development of infrastructure investment. The central financial and Economic Commission held on April 26 stressed the need to comprehensively strengthen infrastructure construction and build a modern infrastructure system. According to incomplete statistics, since April, local governments have actively responded to policy calls, implemented the requirements of “moderately ahead” layout infrastructure construction, and the total investment involved in the commencement of key projects has exceeded 3 trillion yuan. In the first quarter, the national fixed asset investment (excluding farmers) was 104872 billion yuan, a year-on-year increase of 9.3%, the number of new projects increased by 12000 compared with the same period last year, and the total planned investment of new projects increased by 54.9%. As a comprehensive solution service provider and construction engineering leader in the field of industrial engineering with comprehensive strength in China, China National Chemical Engineering Co.Ltd(601117) is expected to benefit from chemical engineering, infrastructure, environmental protection engineering and other main industries.
Shenwan Hongyuan Group Co.Ltd(000166) said that the main business of China National Chemical Engineering Co.Ltd(601117) construction engineering grew steadily and the expansion of chemical industry projects was smooth, which is expected to increase the company’s future performance Everbright Securities Company Limited(601788) believes that the company’s chemical engineering grew steadily in 2021, the industrial business gradually increased, the profitability of the engineering business fluctuated slightly, the industrial transformation progressed smoothly, and is optimistic about the company’s EPC + industrial development path.
