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    Home > Chemicals Industry > China Chemical > Industrial chain extension: Midland New Material's fine chemical business has strong development momentum

    Industrial chain extension: Midland New Material's fine chemical business has strong development momentum

    • Last Update: 2022-01-09
    • Source: Internet
    • Author: User
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    [ Star Enterprise of Chemical Machinery and Equipment Network ] Recently, Midland New Materials issued an announcement stating that the company’s holding subsidiary Anhui Maxic and Baolixin (300116) signed the "Procurement Framework Contract" on the long-term procurement and supply of wet process diaphragm cooperation between the two parties.
    , It is agreed that Anhui Meixin needs to supply Baolixin not less than 200 million square meters of wet process diaphragms from 2022 to 2024
    .

     
    Chemical machinery and equipment network star enterprise chemical machinery and equipment
    It is understood that the first and second production lines of the Anhui Meixin Power Lithium Battery Wet Separator Project are in the stage of installation and commissioning, and it is planned to release the production capacity of both lines in the first quarter of next year
    .
    This cooperation will help the market promotion of Anhui Meixin's diaphragm products in the initial stage of launch and seize market share
    .

     

    Midland New Materials (300586.
    SZ) was successfully listed on the Shenzhen Stock Exchange in 2017 and is mainly engaged in the R&D, manufacturing and sales of color masterbatches and meltblown non-woven fabrics
    .
    At present, it has an annual production capacity of about 90,000 tons of masterbatch, and an advanced high-intelligence automatic plastic masterbatch production line
    .
    Over the years, in order to optimize the business structure and seek new economic growth points, Midland New Materials has continued to improve the strategic layout of the industrial chain, and the business landscape has been continuously expanded
    .

     

    In March 2019, Midland New Materials completed the acquisition of 63.
    25% of the equity of Yingchuang Sanzheng (Yingkou) Fine Chemical Co.
    , Ltd.
    Since then, Midland New Materials has entered the field of fine chemicals
    .
    Yingchuang Sanzheng is a representative enterprise in the cyanuric chloride industry and has a number of inventions and utility model patents related to the production and operation of cyanuric chloride
    .
    The main products currently include: an annual output of 90,000 tons of cyanuric chloride, an annual output of 106,500 tons of chlorine and 120,000 tons of sodium hydroxide
    .
    The cyanuric chloride products produced by the company are sold to five continents in the world
    .

     

      In the same year, Midland New Materials, Shenghai Investment, Zhitong Chemical and other shareholders reached an agreement to increase the capital of Yingkou Yingxin Chemical Technology Co.
    , Ltd.
    , and the registered capital increased from 150 million yuan to 216 million yuan
    .
    After the capital increase is completed, Midland New Materials holds a 35% stake in the company and becomes the largest shareholder
    .
    It is understood that Yingxin Technology is mainly engaged in the technology research and development, production and operation of fine chemical products.
    The main product production capacity is cyanuric chloride 20,000 tons/year, trimethyl orthoformate 10,000 tons/year, and triethyl orthoformate 12,000 tons/year.
    in the original acid trimethyl 5,000 tons / year and so on
    .

     

      The cyanuric chloride industry is the upstream industry of the polymer composite coloring material industry.
    The two industries are in different links of the same industrial chain and have certain industrial synergy
    .
    Midland New Materials' investment plan for Yingkou is an important step for the company to extend the industrial chain upstream and complete the industrial chain layout of the fine chemical industry, which has a positive impact on the company's financial status and operating results
    .

     

      In September 2021, Midland New Materials stated on the investor interaction platform that the company’s subsidiary Yingchuang Sanzheng’s main cyanuric chloride and other fine chemical products are currently being produced at full capacity, and the price of cyanuric chloride is gradually increasing recently.
    The upward adjustment will have a positive impact on the company’s performance
    .
    Judging from the performance of the first half of this year, the Chuangchuang Sanzheng has turned losses into profits, with operating income of 447 million yuan and net profit (consolidated level) of 1.
    763 million yuan
    .

     

      Recently, Midland New Materials released its 2021 annual performance forecast.
    The company expects that the net profit attributable to shareholders of listed companies in 2021 will be 78 million yuan to 110 million yuan, an increase of 86.
    09%-162.
    43% from the 41.
    916 million yuan in the same period of the previous year
    .
    After deducting non-recurring gains and losses, the net profit was 68 million to 100 million yuan, an increase of 85.
    55%-172.
    86% over the same period of the previous year
    .

     

      Regarding the performance growth, Midland New Materials stated that during the reporting period, the company actively leveraged its product technology and market advantages to continuously improve its industry position and comprehensive competitiveness.
    The company's two major business segments, masterbatch and fine chemicals, achieved stable development and sales revenue.
    A year-on-year increase of approximately 20%, and a comprehensive gross profit margin of approximately 2.
    5% year-on-year
    .

     

      Note: This article is compiled and released by Plastic Machinery Network ( and the information comes from: Midland New Materials, Changjiang Commercial Daily, China Securities News, Gelonghui
     
    plastic robot
      Original title: Industry chain extension: Midland New Material's fine chemical business has strong development momentum
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