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On the evening of June 29, Luxi Chemical released its performance forecast for the first half of 2021
.
Product prices have risen sharply, resulting in a bumper harvest
Product prices have risen sharply, resulting in a bumper harvestIn response to the surge in business performance, Luxi Chemical said: Benefiting from the implementation of the domestic and international dual-cycle strategy and the influence of various factors such as the supply and demand relationship of the chemical product market, the company gave full play to the integration advantages of the park and maintained the production capacity of major chemical products.
The prices of major chemical products have increased significantly year-on-year.
The combination of these factors has resulted in a significant increase in performance
.
In the first half of 2021, the prices of Luxi Chemical's main products changed respectively from the average prices in 2020: PC (+55.
54%), butanol (+103.
60%), octanol (+85.
02%), caustic soda (+3.
56%), DMF ( +65.
55%), caprolactam (+30.
51%), DMC (+33.
17%), urea (+30.
90%), hydrogen peroxide (+8.
48%), formic acid (+22.
53%), methanol (+24.
47%), dichloromethane (+44.
51%)
.
Profit hits record in 23 years since listing
Profit hits record in 23 years since listingThe history of Luxi Chemical can be traced back to the 10,000-ton small nitrogen fertilizer enterprise built in 1976.
On August 7, 1998, the company landed on the A-share market
.
From the perspective of operating performance, before 2004, the company's annual net profit did not exceed 100 million yuan, hovering around 80 million yuan
.
The chemical industry is also cyclical
.
To sum up, the net profit in the first half of this year, especially the net profit in the second quarter, greatly exceeded the historical period in the 23 years since its listing, and even exceeded the net profit in previous years
.
The market value of married central enterprises soared by 25.
7 billion in one year
7 billion in one year
In 2020, Luxi Chemical will marry the central enterprise Sinochem Group, and Sinochem Investment will become the controlling shareholder of the company
.
In December 2020, the company announced that it plans to invest 14 billion yuan to build a 600,000-ton/year caprolactam-nylon 6 project, a 1.
2 million-ton/year bisphenol A project and a 240,000-ton/year ethylene downstream integration project
.
Among them, the first phase project of 600,000 tons/year caprolactam and nylon 6 is expected to be completed and put into operation in September 2022, which will add 300,000 tons/year caprolactam and 300,000 tons/year nylon 6 production capacity for the company.
Over 4 billion yuan in sales revenue
.
With the merger of Sinochem Group and China National Chemical Corporation, Luxi Chemical, as its subsidiary focusing on high-end chemical new materials, can obtain obvious benefits
.
With the expansion of the business platform, it is expected to attract more technical and business talents.
At the same time, the technical support from the group will also continuously help the company to transform to high-end
.
The chemical sector of Sinochem Group has a large number of high-quality assets, including fluorine chemicals (fluorite, hydrofluoric acid, refrigerants), polyolefins, polycarbonates and other parts directly related to the company's business, as well as other pesticide chemicals, petrochemicals, etc.
Businesses that companies such as raw materials and intermediates have the opportunity to expand in the future
.
Sinochem Group is expected to play a role in supporting Luxi Group to accelerate its development and build a world-class new chemical material industrial park through various means such as expanding investment and industrial chain synergy
.
In the secondary market, Luxi Chemical also performed well
.
On June 29 last year, its stock price was 7.
34 yuan per share, and on June 29 this year, it was 19.
16 yuan per share, a year-on-year increase of 161.
04%
.
In one year, its market value increased from 10.
753 billion yuan to 36.
481 billion yuan, an increase of 25.
728 billion yuan
.
