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Cangzhou Dahua: TDI soared, the company's net profit soared by more than 2 times, the copolysilicon PC market urgently needs to "explore the territory"

 Last Update: 2022-08-29
 Source: Internet
 Author: User

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plastic bag manufacturers

silicon silicone

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Cangzhou Dahua achieved a year-on-year turnaround in the first half of 2021.
Benefiting from the increase in the price of the company's main product TDI, the gross profit margin has increased significantly year-on-year.
The company's net profit in the first half of the year reached 175 million yuan, a year-on-year increase of more than 2 times.
The company's investment exceeded 2.
8 billion yuan.
The PC project was completed and put into production in July

The reporter learned from Cangzhou Dahua: "In the first half of the year, the TDI market price was relatively high, which helped the company's performance to achieve a great improvement

TDI market prices soared Cangzhou Dahua's net profit in the first half of the year more than doubled

On the afternoon of August 4, Cangzhou Dahua disclosed its semi-annual report, and its performance in the first half of the year achieved double growth

Regarding the reasons for the increase in performance, Cangzhou Dahua stated in the announcement that the sales volume and price of the company's main product TDI were higher than the same period last year, which was the main reason for the increase in revenue and profit

Industry analysts told reporters: "Cangzhou Dahua is a major manufacturer in the TDI market.
At present, the total production capacity of TDI is 150,000 tons per year.
The company still has 265,000 tons of projects under construction.
After completion and production, it will become the largest domestic manufacturer.
TDI producer

TDI products currently account for more than 90% of Cangzhou Dahua's total revenue.
TDI is an important organic chemical raw material.
The main consumer industries are mainly concentrated in the fields of upholstered furniture, coatings, and automobiles

While product prices rose, the increase in product costs was relatively small.
The average purchase price of toluene, the main raw material, in the first half of the year was 4,740.
59 yuan/ton, an increase of only 13.
63% over the same period last year

With the rapid growth in performance, the company's sales expenses also increased rapidly, reaching 10.
93 million yuan, an increase of 294.
52% over the 2.
77 million yuan in the same period last year, of which the export business port charges and shipping charges amounted to 6.
06 million yuan

Copolysilicon PC "new players" urgently need to open up the market

It is worth noting that the company's 100,000-ton PC project with an investment of more than 2.
8 billion yuan has also been completed and put into production in July.
According to the semi-annual report, the project accounts for more than 40% of the company's total assets, and high investment also brings high returns
.
On the evening of July 12, Cangzhou Dahua announced that the company has become the first domestic company to produce copolymerized silicon PC by continuous production method, filling the domestic gap in this field
.
This product is a high-end PC product with broad development space and great market potential
.

An industry insider said: "Compared with foreign manufacturers, Cangzhou Dahua has a certain production cost advantage.
Bisphenol A is the main raw material of PC.
The company's annual production of 200,000 tons of Bisphenol A project has been fully constructed in April
.
"

The reporter contacted a number of foreign trade companies engaged in plastic business.
According to industry insiders, polysilicon PC has many good characteristics: its low temperature resistance is good, its fluidity and impact resistance are well balanced, and it has long-term stability and stability.
Excellent flame retardancy
.

Rui Rongxin, a foreign trader in Guangdong, told reporters: "Cangzhou Dahua is indeed the first copolysilicon PC manufacturer in China.
It turns out that these products are all imported, and the market is mainly dominated by SABIC, Covestro, Mitsubishi, South Korea's Samyang, etc.
Occupied by foreign-owned factories
.
The CIF price of the products is around 45,000
.
However, it is not easy for Cangzhou Dahua to open up the market.
Silicon products are special materials, the market is relatively small, and they are all made to order.
The market can only be opened up by continuous optimization of customized quality
.
”

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