Market review this week (January 10 – January 14)
The new materials index rose 0.57%, weaker than the gem index. OLED materials rose 3.52%, semiconductor materials rose 0.63%, membrane materials rose 1.33%, additives rose 0%, carbon fiber fell 2.61%, and tail gas treatment rose 2.69%. The top five increases were Phichem Corporation(300398) , Jiangsu Cnano Technology Co.Ltd(688116) , Sunresin New Materials Co.Ltd Xi’An(300487) , Jiangsu Shuangxing Color Plastic New Materials Co.Ltd(002585) , Actblue Co.Ltd(300816) ; The top five declines were Nanjing Cosmos Chemical Co.Ltd(300856) , Ningbo Solartron Technology Co.Ltd(688299) , Red Avenue New Materials Group Co.Ltd(603650) , Sinofibers Technology Co.Ltd(300777) , Crystal Clear Electronic Material Co.Ltd(300655) .
Observation of new materials week: the demand for industrial water treatment has increased, and the market for adsorption and separation materials is broad
Adsorption and separation materials realize the separation and purification of substances such as concentration, separation, refining, purification, purification and decolorization with the functions of exchange and adsorption. According to the product skeleton, they mainly include styrene resin and acrylic resin. Compared with the traditional suspension polymerization, spray granulation can prepare homogeneous resin with narrow particle size distribution and high uniformity. Downstream applications of adsorption and separation materials include hydrometallurgy, pharmacy, food processing, environmental protection, chemical industry and water treatment, of which industrial water treatment accounts for about 70%. Adsorption and separation materials for industrial wastewater treatment have been widely used in the field of wastewater treatment because of their advantages of selective adsorption and recycling of substances in wastewater, convenient use, good strength and high efficiency. The prospective Industrial Research Institute predicts that the scale of China’s industrial wastewater market is expected to reach 355.4 billion yuan in 2024; High end industrial water treatment mainly includes condensate polishing of medium and large power plants and internal cooling water treatment of generator units. The rapid growth of China’s installed power generation capacity promotes the continuous expansion of the market capacity of adsorption and separation resin. In addition, combined with spray granulation technology, adsorption separation resin can also be used in the field of electronic grade and nuclear grade ultrapure water. The domestic capacity of adsorption and separation materials accounts for 47% of the world, of which the capacity of Sunresin New Materials Co.Ltd Xi’An(300487) adsorption and separation materials is 40000 tons / year. The company has successfully broken through the homogenization technology, realized the large-scale production of homogenized white balls, made important industrial breakthroughs in the fields of electronic grade ultrapure water and nuclear grade ultrapure water, and solved the problem of “neck sticking”; Zhejiang Zhengguang Industrial Co.Ltd(301092) has a production capacity of 19750 tons of adsorption and separation materials and has a high market share in industrial water treatment.
Important company announcements and industry information
[ Wuxi Acryl Technology Co.Ltd(603722) ] the company expects to realize a net profit attributable to the parent company of 86-104 million yuan in 2021, with a year-on-year increase of 66.09% – 100.86%.
[ Puyang Huicheng Electronic Material Co.Ltd(300481) ] the company’s subsidiary Puyang Huicheng Electronic Material Co.Ltd(300481) New Material Industry Technology Research Institute Co., Ltd. plans to invest in the “functional material R & D and pilot test integration project”.
[ Cathay Biotech Inc(688065) ] the company plans to change the raised funds to build the “project with an annual output of 500000 tons of bio based glutamine and 900000 tons of bio Based Polyamide”.
[ Jiangsu Cnano Technology Co.Ltd(688116) ] the company expects to realize a net profit attributable to the parent company of RMB 285 million-305 million in 2021, with a year-on-year increase of 165.73% – 184.38%.
Beneficiary 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 objects: Jiangsu Sidike New Materials Science & Technology Co.Ltd(300806) , Haohua Chemical Science & Technology Corp.Ltd(600378) , Red Avenue New Materials Group Co.Ltd(603650) , Rianlon Corporation(300596) , Wuxi Acryl Technology Co.Ltd(603722) , Sichuan Em Technology Co.Ltd(601208) , Ningbo Solartron Technology Co.Ltd(688299) , Zhejiang Jiemei Electronic And Technology Co.Ltd(002859) , Xi’An Manareco New Materials Co.Ltd(688550) , Puyang Huicheng Electronic Material Co.Ltd(300481) , etc.
Risk tip: technological breakthrough is less than expected, industry competition intensifies, raw material price fluctuation, etc.
