Zibo Qixiang Tengda Chemical Co.Ltd(002408) the performance forecast for 2021 was released on January 21. It is estimated that the net profit in 2021 will be 2.391 billion yuan – 2.556 billion yuan, with a year-on-year increase of 145.00% – 162.00%, and the basic earnings per share will be 0.84 yuan to 0.90 yuan.
The company said that in 2021, both the chemical industry and supply chain sectors performed well. In the chemical sector, first, new production capacity has been released one after another, thickening the company’s profits; Second, through the implementation of large-scale procurement at the raw material end, the cost is reduced to the greatest extent. In the second half of the year, under the condition that the raw material price continues to rise due to the rise of international oil price, the company predicts the price trend of raw materials in the chemical market, optimizes the storage of raw materials, and optimizes the purchase price ratio of raw materials; Third, flexibly adjust the production line at the production end to maximize the output of profitable products. On the premise of ensuring the safe, environmental protection and stable operation of the plant, the company gives full play to the advantages of industrial chain integration and flexible design of the production line, adjusts the output of profitable products according to the market situation, fully exploits the potential of the plant, and maximizes the production capacity of profitable products; Fourth, the sales side actively adjusted the sales strategy to maximize the product profit. The company actively analyzed the market situation, strengthened market development, continuously improved the turnover rate, grasped the product price rise, regulated the sales volume of the two markets outside China, resolved the market fluctuation risk and ensured the maximization of product profit.
In terms of supply chain, during the reporting period, the company continued to optimize its supply chain business in terms of product structure, customer structure and other dimensions, seized the opportunity of shortage in European and American chemical markets, prepared goods in advance, and actively expanded the trade scale related to chemical products, resulting in a significant increase in product gross profit margin and gross profit.
