The performance of listed companies in the polyurethane industry chain is obviously differentiated

Recently, a number of listed companies in the polyurethane industry chain have released their 2021 performance reports

The net profit of raw material enterprises has increased significantly

The polyurethane raw material enterprises led by Wanhua Chemical benefited from the increase in product prices and the expansion of production capacity

Wanhua Chemical expects net profit in 2021 to be 24 billion to 25.

Cangzhou Dahua predicts that the attributable net profit in 2021 will be 200 million to 240 million yuan, an increase of 441.

Longhua New Materials expects a net profit of 195 million to 215 million yuan in 2021, an increase of 82.

TPU and microfiber plates go up

In terms of products, in 2021, the prices of TPU and microfiber products will enter an upward channel with the skyrocketing raw materials, and the performance of most listed companies will also rise

The main business of Meirui New Materials Co.

　　The mainstream product of Amway is PU synthetic leather

　　Huafeng Microfiber predicts that the net profit attributable to shareholders of listed companies in 2021 will be 40 million to 60 million yuan, turning losses into profits

　　Downstream business performance declines

　　However, the performance report also shows that some polyurethane downstream enterprises are difficult to transfer due to the rapid rise in raw material prices, and are affected by the "double control" of energy consumption, and their operating performance has declined

　　The main business of Gaomeng New Materials includes adhesive materials and automotive sound insulation, noise reduction and shock absorption materials

　　Hongbaoli is mainly engaged in propylene oxide derivatives, including polyurethane rigid foam combination polyether, special polyether, isopropanolamine series products, as well as the research and development, production and sales of polyurethane thermal insulation panels