echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Rubber Plastic News > Juhua's net profit in 2021 soars more than 10 times!

    Juhua's net profit in 2021 soars more than 10 times!

    • Last Update: 2022-10-12
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On April 22, Juhua released its 2021 annual report


    The report shows that Juhua will achieve 17.


    It can be seen from the annual report that the increase in product prices and the increase in profit offset the decrease in profit caused by the increase in the price of bulk raw materials, which is the main reason for the substantial increase in net profit


    From the perspective of business structure, refrigerants are one of the main sources of income from the main business of Juhua


    Figure 1 The revenue ratio of each chemical product and material of Juhua Co.


    Main product market analysis

    Main product market analysis

    1.


    Fluorine chemical raw materials are upstream products of fluorine chemical industry, including anhydrous hydrofluoric acid, dichloromethane, trichloromethane, trichloroethylene, tetrachloroethylene and other products, which are basic chemical raw material products


    2.


    Due to the expansion of industry production capacity and the weakening of downstream demand, the market for refrigerant products has been adjusted downward since 2019


    In recent years, Juhua's fluorine refrigerants have achieved contrarian growth and upgrading


    The production capacity of the fourth-generation fluorine refrigerant of Juhua Co.


    3.


    Since the periodical market highs in 2018, due to the economic downturn and the impact of the new crown epidemic, it has experienced a relatively large adjustment in 2019 and 2020


    4.


    Juhua's fluorine-containing fine chemicals business accounts for a relatively small proportion and has few varieties.


    New production capacity in 2021 and 2022

    New production capacity in 2021 and 2022

    In 2021, Juhua will add 7,000 tons/year of HCFC-142b, 17,200 tons/year of HFC-143a, 800 tons/year of hydrocarbon refrigerant packaging, 700 tons/year of R1234yf packaging, 30,000 tons/year of caustic soda (300,000 tons/year) Sodium hypochlorite supporting project), 80,000 tons/year ammonium sulfate, 14,700 tons/year monochloromethane production capacity


    As of the end of 2021, the PVDF production capacity of Juhua Co.
    , Ltd.
    is 35 million tons, and the suspension method 6500 tons/year PVDF is expected to be completed in the first half of 22.
    The products include coating grade, solar back sheet film, water treatment film, wire and cable, lithium battery grade adhesive Knot with other PVDF resin varieties

    .

    In addition, Juhua announced in December 2021 that it plans to invest 979 million yuan and 693 million yuan to build "an additional 48,000 tons/year VDF technical renovation and expansion project" and "an additional 30,000 tons/year PVDF technology expansion project".
    Reconstruction and expansion project (Phase I) added 23,500 tons/year PVDF project”, which is expected to be completed and put into operation in Q4 of 2023.
    The two technical renovation and expansion projects are planned to increase the variety of high-end and specialized PVDF products, and expand lithium battery grade and high-purity PVDF products.
    Chemical storage and delivery materials and other markets

    .

    In 2022, Juhua plans to invest 2.
    354 billion yuan and arrange 63 fixed asset investment projects (including 9 preliminary projects).
    8,000 tons of PTEE, 5,000 tons of HFP, 7,000 tons of VDF monomer + 6,500 tons of PVDF, etc.
    , are expected to be put into production at different times throughout the year

    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.