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Kingfa Technology VS Guoen Shares VS Huitong Shares Who is the "king of the industry"?

 Last Update: 2021-09-30
 Source: Internet
 Author: User

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Chemical machinery equipment network star enterprise chemical machinery equipment modified plastics industry major listed companies:

The core data of this article: Kingfa Technology and Guoen Huitong Co.
, Ltd.
Modified plastic production and sales, production and sales rate, business structure, operating performance

The core data of this article:

1.
Kingfa Technology VS Guoen Shares VS Huitong Shares: Modified Plastics Business Layout History

Modified plastics are a kind of new chemical materials
.
In recent years, the global production capacity has expanded rapidly, and it has been widely used in the fields of home appliances, automobiles, office equipment, electrical and electronic and power tools
.
At present, the leading companies in China's modified plastics are Huitong Co.
, Ltd.
(600673), Huitong Co.
, Ltd.
(600888) and Guoen Co.
, Ltd.
(603115).
The layout of the three companies in the modified plastics business is as follows:

2.
Layout and operating status of modified plastics business:

——Product structure: Huitong's modified plastics business is more concentrated

From the perspective of the operating income of subdivided products, in 2020, only Huitong's total operating income will come from the modified plastics business
.
The business of Kingfa Technology and Guoen shares are more dispersed, with modified plastics business accounting for 58.
21% and 56% of revenue, respectively
.
Kingfa Technology has a wide range of product categories.
In addition to modified plastics business, it also includes medical and health products, green petrochemical products, new material products, and trade products; Guoen shares business diverges to composite materials, medical health care, and optical display materials
.

——Production and sales volume of modified plastics: Jinfa Technology is absolutely leading

From the perspective of the production and sales of modified plastics, the leading company in the production and sales of modified plastics in 2020 is Kingfa Technology
.
In 2020, the production of modified plastics of Kingfa Technology will be 1.
5888 million tons, and the sales volume will be 1.
5466 million tons
.
Huitong's modified plastics production and sales volume ranks second.
In 2020, the output of modified plastics will be 368,100 tons, and the sales volume will be 345,200 tons
.
Guoen's modified plastics production and sales volume ranked third
.

　　——Production-sales ratio of modified plastic products: Guoen shares have a higher production-sales ratio

　　From the perspective of the production and sales rate of modified plastic products, from 2018 to 2020, the production and sales rate of Guoen Co.
, Ltd.
ranks first, and Kingfa Technology and Huitong Co.
, Ltd.
rank second and third respectively
.
In 2020, the production and sales ratio of Guoen shares is 98.
75%, and the production and sales ratios of Kingfa Technology and Huitong are 97.
3% and 93.
78%, respectively
.

　　——Modified plastic production capacity: Kingfa Technology has the largest production capacity

　　From the perspective of the production capacity of various companies, Kingfa Technology's current production capacity is 2.
058 million tons/year, which is absolutely leading in production capacity compared to Guoen shares and Huitong shares
.
At present, Guoen shares have a production capacity of 400,000 tons/year, which is slightly ahead of Huitong shares and ranks second
.
By the end of 2021, Huitong's production capacity under construction will be completed.
By then, Huitong's modified plastic production capacity will reach 710,000 tons/year, surpassing Guoen's
.

　　——Patents of modified plastics: Kingfa Technology's patents are absolutely leading

　　In terms of the number of patents, Kingfa Technology has the largest number of patents, 1396 patents have been obtained; Huitong shares have 91 patents, ranking second; Guoen shares have obtained 88 patents, ranking third in number
.

　　Note: Since Kingfa Technology has not announced the number of patents it has obtained, the published data is the number of non-pending patents obtained by the wisdom bud query
.

　　——Major customers of modified plastics: All three companies have cooperated with well-known downstream companies at home and abroad

　　The three companies, Kingfa Technology, Guoen and Huitong, have established cooperative relationships with well-known domestic and foreign manufacturers in the fields of home appliances, automobiles, and communications
.
Kingfa Technology's automotive modified materials cover China's own brands, European and American, Japanese and Korean automakers
.
In the field of home appliances, Guoen shares and Huitong shares cooperate with well-known companies such as TCL and Hisense; in the fields of communications and electronics, they have entered the supply chain system of manufacturers such as Huawei
.

　　3.
Performance comparison of modified plastics business: Kingfa Technology's leading revenue scale and higher gross profit margin

　　From the perspective of the operating conditions of the modified plastics business, from 2018 to 2020, Kingfa Technology's modified plastics business revenue is ahead of the other two companies, and its modified plastics business revenue is volatile
.
In 2020, Kingfa Technology’s modified plastics business achieved revenue of 20.
41 billion yuan; Huitong’s modified plastics business achieved revenue of 4.
017 billion yuan, ranking second; Huitong’s modified plastics business revenue was 3.
993 billion yuan, ranking third
.

　　From the perspective of the gross profit margin of the modified plastics business, from 2017 to 2020, the gross profit margin of the modified plastics business of Kingfa Technology is higher than that of the other two companies; from the perspective of the trend of the gross profit margin, the overall gross profit margin of the modified plastics business of the three companies is Shows an upward trend
.
In 2020, the gross profit margin of the modified plastics business of Kingfa Technology will be 26.
17%, and the gross profit margin of the modified plastics business of Guoen and Huitong will be 23.
75% and 17.
10%, respectively
.

　　4.
Forward-looking view: Kingfa Technology is the "King of Modified Plastics" in China

　　In the modified plastics industry, the production and sales of modified plastics reflect the company's ability to supply modified plastics, and the performance of modified plastics can reflect the company's business overview
.
The production capacity layout reflects the company's future production capacity and development potential
.
The R&D investment and patent situation reflect the innovation ability of the enterprise
.
The downstream customer layout reflects the company's sales and market expansion capabilities
.
Based on the results of the previous analysis, Kingfa Science and Technology is absolutely in the lead.
Foresight believes Kingfa Science and Technology is the "leading" in China's modified plastics industry
.

　　The above data refers to the "China Modified Plastics Industry Production and Sales Demand and Investment Forecast Analysis Report" by the Qianzhan Industry Research Institute.
At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industrial research, industrial chain consulting, industrial maps, industrial planning, park planning, and industrial Solutions for investment promotion, IPO fundraising and investment feasibility studies, and prospectus writing
.

　　Original title: dry goods! Comparison of leading companies in China's modified plastics industry in 2021: Fafa Technology VS Guoen Shares VS Huitong Shares.
Who is the "king of the industry"?

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