Net profit growth of multiple companies
The data shows that of the 19 chemical companies that released their first-quarter results forecasts, 9 of them announced a net profit increase, 6 companies reported a slight increase in net profit, 2 companies expected to turn around losses, and 2 companies expected a slight decrease in net profit.
Fangda Chemical estimates that the company's net profit attributable to shareholders of listed companies in the first quarter of this year was 105 million to 120 million yuan, an increase of 259% to 311% over the same period last year. The company said that the main reason for the increase in performance was that in the first quarter, due to the national macroeconomic situation, the company's chemical industry maintained a high degree of prosperity. The sales price of chemical products rose sharply compared with the same period last year, and the gross profit margin of the product increased. At the same time, the company optimized internal management and further improved management efficiency. The profit of the chemical sector is expected to increase by 225% -269%.
Yaben Chemical expects that net profit in the first quarter of this year will increase significantly compared with the same period last year. In the first quarter, the company expects to realize a net profit attributable to shareholders of listed companies of RMB 34.582 million to RMB 39.763 million, an increase of 100% to 130% over the same period of the previous year. According to the company, the reason for the increase in performance is that according to the company's operating conditions and the signed orders, the company's agrochemical and medical chemical high-end custom business will continue to grow at a high speed, production capacity will continue to expand, and a number of new products will begin mass production.
Lier Chemical estimates that the net profit attributable to shareholders of listed companies in the first quarter of this year will be 98.876 million yuan-11.6432 million yuan, with a 70% -100% change in net profit. The company said that the increase in performance was due to the increase in the production and sales of the company's main products compared with the same period last year.
Since 2017, with the advancement of supply-side reform, the effect of reducing production capacity of urea and other related chemical products has been obvious, and factors such as the recovery of the industry have improved the supply and demand situation. The prices of various chemical products have risen, and industry profits have increased.
New Era Securities data showed that last week's offer of organic silicon increased by 500 yuan / ton to 29,500 yuan / ton, and its downstream raw rubber, 107 rubber and other products also followed suit. The price of R134a rose to 32,000 yuan / ton last week, compared with 29,500 yuan / ton the previous week; the price of R22 rose to 19,000 yuan / ton, and 165,000 yuan / ton the previous week. On March 1, the dispersed black ECT increased its ex-factory price by 300% to 50 yuan / kg, an increase of 78% over the same period last year.
Layout of the entire industry chain of leading enterprises
In the first quarter, the chemical sector was favored by the market, and the chemical prosperity index continued to rise in the spring.
With the profit growth of the chemical industry and the increase of industry concentration, some leading companies have carried out the entire industrial chain layout, extending upstream and downstream, or establishing industrial and industrial parks covering multiple industries to enhance the core competitiveness of the entire industrial chain. With the strengthening of environmental protection, these leading enterprises with multiple advantages have attracted market attention.
Luxi Chemical has initially formed a recycling industry chain of coal, salt, fluorine, silicon, petrochemicals, and new materials in the company's new chemical park. Its main products cover three major categories of basic chemicals, fertilizers and new chemical materials.
Huatai Securities Research Report pointed out that Wanhua Chemical's TDI, PC, large ethylene and new materials projects have continued to advance, and the company's industrial chain has become increasingly perfect. The company's 300,000 tons of TDI project is expected to be completed and put into operation this year; the 70,000 tons of PC project has been completed in the first phase, and the 130,000 tons of PC project is expected to be completed and put into operation at the end of the year; the 1 million tons of light hydrocarbon (mainly propane) cracking ethylene project has entered the safety review And environmental review and approval; the capacity expansion and construction of other water-based coatings, TPU, ADI and other new projects are also progressing steadily.
Fangda Chemical stated that the company has formed a large-scale industrialized production pattern mainly based on the three major imported equipments, such as caustic soda, propylene oxide, and polyether. The main sales targets include chemical fiber, pharmaceutical, polyurethane, construction and other downstream product manufacturers, and the products are widely used.
Lier Chemical's performance increased significantly, mainly due to the company's main product glufosinate prices and prices rose. In addition to the company's continued increase in glufosinate production capacity, Pacific Securities pointed out that the company also expects to build 1,000 tons of fluroxypyr and 1,000 tons of fluconazole in Guang'an, Sichuan.