Market review of this week (April 25-april 29)
The new materials index rose 0.31%, weaker than the gem index. OLED materials fell 2.03%, semiconductor materials fell 3.7%, membrane materials fell 3.04%, additives rose 0.36%, carbon fiber rose 4.92% and tail gas treatment fell 1.98%. The top five gainers are Gch Technology Co.Ltd(688625) , Shandong Head Co.Ltd(002810) , Jiangsu Pacific Quartz Co.Ltd(603688) , Valiant Co.Ltd(002643) , Jiangsu Sidike New Materials Science & Technology Co.Ltd(300806) ; The top five declines were Thinkon Semiconductor Jinzhou Corp(688233) , Guangzhou Fangbang Electronics Co.Ltd(688020) , Shanghai Sinyang Semiconductor Materials Co.Ltd(300236) , Daoming Optics&Chemical Co.Ltd(002632) , Xinxiang Richful Lube Additive Co.Ltd(300910) .
Weekly observation on new materials: the prospect of supercritical CO2 anhydrous dyeing is promising, and China takes the lead in realizing large-scale application
Textile printing and dyeing is a typical industry with high energy consumption, high water consumption and high pollution in China. Energy conservation and emission reduction has become the top priority of the printing and dyeing industry. Supercritical CO2 dyeing technology has great development potential: no water and no wastewater; It can be dyed at lower temperature and greatly reduce the dyeing time; There is no need to dry after dyeing, shorten the process flow and save energy; Fast dyeing speed, good levelness and penetration, and good dyeing reproducibility; CO2 is stable, easily available and reusable, reduces pollution and complies with the double carbon policy; It can dye some high-performance fibers. Both the Ministry of industry and information technology and China printing and dyeing industry association have listed supercritical CO2 fluid dyeing as a forward-looking technology for key development. During the 14th Five Year Plan period, it is necessary to make key breakthroughs and realize industrial application. Based on the support of environment-friendly products, the international market especially favors the products produced by this technology. The relevant products are often in short supply and are willing to pay higher prices. Supercritical CO2 anhydrous dyeing technology has broad development space and will synchronously drive the rise of anhydrous dyeing equipment industry Haohua Chemical Science & Technology Corp.Ltd(600378) Guangyuan’s latest 2250l supercritical CO2 anhydrous dyeing equipment has been in continuous and stable production in Qingdao Jifa group base for five months. This 2250l supercritical CO2 anhydrous dyeing equipment can produce 600 tons of polyester fiber bobbin per year, save more than 100000 tons of fresh water resources every year, and greatly improve the printing and dyeing efficiency, which is shortened from 8-12 hours of traditional water dyeing to 3-4 hours. This set of equipment has realized the large-scale application of supercritical CO2 anhydrous dyeing technology for the first time. It is the largest industrialized demonstration equipment in China and the only one in the world that can operate continuously and smoothly. Beneficiary object: Haohua Chemical Science & Technology Corp.Ltd(600378) .
Important company announcements and industry information
[ Haohua Chemical Science & Technology Corp.Ltd(600378) ] quarterly report: the company achieved an operating revenue of 1.854 billion yuan in the first quarter of 2022, with a year-on-year increase of 25.56%; The net profit attributable to the parent company was 223 million yuan, a year-on-year increase of 41.58%.
[ Valiant Co.Ltd(002643) ] quarterly report: the company achieved an operating revenue of 1.371 billion yuan in the first quarter of 2022, with a year-on-year increase of 74.26%; The net profit attributable to the parent company was 233 million yuan, a year-on-year increase of 76.67%.
[ Puyang Huicheng Electronic Material Co.Ltd(300481) ] quarterly report: the company achieved an operating revenue of 376 million yuan in the first quarter of 2022, with a year-on-year increase of 31.72%; The net profit attributable to the parent company was 84 million yuan, a year-on-year increase of 78.40%.
Beneficial object
We are optimistic about the broad market of functional membrane materials under the background of industrial transfer, the breakthrough of domestic substitution of high-end electronic materials from 0 to 1, and the new opportunities of new materials in the wave of new energy. Beneficiary targets include: Haohua Chemical Science & Technology Corp.Ltd(600378) , Red Avenue New Materials Group Co.Ltd(603650) , Sichuan Em Technology Co.Ltd(601208) , Ningbo Solartron Technology Co.Ltd(688299) , Zhejiang Jiemei Electronic And Technology Co.Ltd(002859) , Sunresin New Materials Co.Ltd Xi’An(300487) , Hunan Sokan New Materials Co.Ltd(688157) , etc.
Risk tip: technological breakthrough is less than expected, industry competition intensifies, raw material price fluctuations, etc.
