New and cheng break the monopoly of foreign technology Methionine project lasted 10 years to start production

on January 9,, the first small and medium-sized board new and into the announcement of the success of the methionine project trial production, which lasted six months, the new and cheng finally made progress on the methionine project, along with the methionine project into the production phase, the company re-engineered a new and into the plan is expected to be realizeddHc
For the entry into the methionine business, Xinhe Dong shi Guanqun told the Securities Daily that the methionine production project is based on the company's original business of animal nutrition products, is to further enrich the product category, deepen the product layout of the strategic choicewill help the company form new profit growth points, thereby enhancing the company's overall profitability and market competitivenessdHc
The methionine project put into operation or re-createad anddHcnew and into as specialized in nutrition, fragrance spices, polymer composite new materials and API intermediates production and sales of national high-tech enterprises, VA and VE and other animal nutrition products in the world important suppliersAfter decades of development, the company has established a sound marketing network in the worldAnd this into the methionine business, the new and cheng is also planning for a long timedHc
"Methionine and vitamins are important additives in the feed industry, have a common technology, downstream customer overlap is relatively high, at the same time, the company through the industrial production of methionine for nearly 10 years of research, after full technical demonstration and repeated experimental testing, successfully break through the monopoly of foreign manufacturers on methionine production technology, with the production of high-quality methionine technical strengthShi Guanqun told reportersdHc
According to the Securities Daily reporter understand that the current new and the first phase of investment in the construction of methionine production project has been successfully piloted, the project is in good health, the company will further expand the methionine production capacity has been put on the agendadHc
Not long ago, XinheCheng issued a fixed increase announcement, the company intends to issue no less than 269 million shares at a price of not less than 18.19 yuan per share, is expected to raise 4.9 billion yuan to invest in the construction of 250,000 tons of methionine projectdHc
Shi Guanqun said that the company seizes the domestic methionine import alternative market opportunities, quickly seize the domestic methionine market share, and with the emergence of economies of scale and cost advantages, the company will use the global sales network, and continuously improve the scale of methionine export, and strive to join the ranks of the world's major suppliers of methioninedHc
It is understood that methionine, also known as methionine, because methionine can not be synthesized in animals, need to be ingested from foodIts production process is complex, the global production capacity is concentrated in The Winstart, Andesu, Novishi and Sumitomo and a few other leading foreign enterprisesIn China, the demand for methionine is increasingData show that in 2015 China's demand for methionine was 222,000 tons, 158,000 tons for imports, the self-sufficiency rate of only 29%In the first 10 months of 2016, the cumulative import volume of methionine was 141,500 tons, an increase of 10.21% year-on-year dHc
　　In the view of industry analysts, the current domestic per capita annual consumption of 10 kg, compared with the United States (42 kg/person/year), Eastern Europe (25 kg/person/year) still has a lot of room for improvement, domestic and India and other emerging markets methionine demand growth is still very large, its market prospects are broad dHc
　　Shen Wanhongyuan's research report also pointed out that the current market price of methionine at 27,000 yuan / ton, gross margin of about 50% New and methionine phase 1 50,000 tons of project trial completed, the expansion of the post-partum, the company's methionine production capacity will reach 300,000 tons, supporting 7 billion yuan - 8 billion yuan of sales revenue, is expected to create a new and into dHc
　　Perfect diversified layout Company expected to increase the performance of dHc at the same time, the reporter noted that the company's vitamin business has been stable development, has become a new and into the cash cow, and the fragrance and fragrance business is also a good momentum of development dHc
　　According to the 2016 earnings forecast released by XinheCheng, the Company expects to achieve net profit attributable to shareholders of listed companies of RMB1,166 million to RMB1,287 million in 2016, up 190% to 220% YoY For the reasons for the doubling of performance, the new and the main indication, mainly due to the increase in the price of product sales dHc
　　Recently, the VA price maintained at 300 yuan / kg - 310 yuan / kg or so, VE price maintained at 85 yuan / kg - 90 yuan / kg, market demand stability, price swell shigh operation, will greatly thicken the new and into the performance dHc
　　And from the new and into the diversification initiative, the company is in the next game of chess, in addition to the vitamin business, flavor and methionine, new materials business is also the new and into the future performance of the starting point dHc
　　In August 2016, Xinhe Cheng Special Materials Co., Ltd and Royal DSM Group formed a joint venture to establish DSM New and Engineering Plastics (Zhejiang) Co., Ltd., mainly engaged in the production of high-performance polyphenyl sulfur ether (PPS) modified materials, products for global market sales, mainly for environmental protection, automotive, electrical and electronic, water resources management and industrial fields dHc
　　"All sales of the joint venture are the responsibility of DSM In the lead-up phase, the joint venture has made operational progress in three key applicationareas in China and Europe and is being evaluated by a wide range of customers, including major vehicle manufacturers and tier-one suppliers, where heaters for generator engines have been commercialized "The stone view group says so dHc
　　In addition, according to the Securities Daily reporter understand, to "teacher culture" known as the new and Cheng, has always adhered to the development of scientific research and innovation In the four years from 2012 to 2015, the company spent up to 770 million yuan on research and development As a member of the capital market, Xinhe Cheng adhereto annual dividends, listed for 12 years, the cumulative net profit of 7.846 billion yuan, the company's dividend amount also reached 3,017 million yuan, accounting for nearly 40% of the net profit ratio dHc January 9, the first small and medium-sized board new and into the announcement of the successful trial production of methionine project, which lasted six months, the new and cheng finally made progress on the methionine project, along with the methionine project into the production phase, the company's new and into the plan is expected to be realized dHc
　　For the entry into the methionine business, Xinhe Dong shi Guanqun told the Securities Daily that the methionine production project is based on the company's original business of animal nutrition products, is to further enrich the product category, deepen the product layout of the strategic choice will help the company form new profit growth points, thereby enhancing the company's overall profitability and market competitiveness dHc
　　The methionine project put into operation or re-createad and dHc new and into as specialized in nutrition, fragrance spices, polymer composite new materials and API intermediates production and sales of national high-tech enterprises, VA and VE and other animal nutrition products in the world important suppliers After decades of development, the company has established a sound marketing network in the world And this into the methionine business, the new and cheng is also planning for a long time dHc
　　"Methionine and vitamins are important additives in the feed industry, have a common technology, downstream customer overlap is relatively high, at the same time, the company through the industrial production of methionine for nearly 10 years of research, after full technical demonstration and repeated experimental testing, successfully break through the monopoly of foreign manufacturers on methionine production technology, with the production of high-quality methionine technical strength Shi Guanqun told reporters dHc
　　According to the Securities Daily reporter understand that the current new and the first phase of investment in the construction of methionine production project has been successfully piloted, the project is in good health, the company will further expand the methionine production capacity has been put on the agenda dHc
　　Not long ago, XinheCheng issued a fixed increase announcement, the company intends to issue no less than 269 million shares at a price of not less than 18.19 yuan per share, is expected to raise 4.9 billion yuan to invest in the construction of 250,000 tons of methionine project dHc
　　Shi Guanqun said that the company seizes the domestic methionine import alternative market opportunities, quickly seize the domestic methionine market share, and with the emergence of economies of scale and cost advantages, the company will use the global sales network, and continuously improve the scale of methionine export, and strive to join the ranks of the world's major suppliers of methionine dHc
　　It is understood that methionine, also known as methionine, because methionine can not be synthesized in animals, need to be ingested from food Its production process is complex, the global production capacity is concentrated in The Winstart, Andesu, Novishi and Sumitomo and a few other leading foreign enterprises In China, the demand for methionine is increasing Data show that in 2015 China's demand for methionine was 222,000 tons, 158,000 tons for imports, the self-sufficiency rate of only 29% In the first 10 months of 2016, the cumulative import volume of methionine was 141,500 tons, an increase of 10.21% year-on-year dHc
　　In the view of industry analysts, the current domestic per capita annual consumption of 10 kg, compared with the United States (42 kg/person/year), Eastern Europe (25 kg/person/year) still has a lot of room for improvement, domestic and India and other emerging markets methionine demand growth is still very large, its market prospects are broad dHc
　　Shen Wanhongyuan's research report also pointed out that the current market price of methionine at 27,000 yuan / ton, gross margin of about 50% New and methionine phase 1 50,000 tons of project trial completed, the expansion of the post-partum, the company's methionine production capacity will reach 300,000 tons, supporting 7 billion yuan - 8 billion yuan of sales revenue, is expected to create a new and into dHc
　　Perfect diversified layout Company expected to increase the performance of dHc at the same time, the reporter noted that the company's vitamin business has been stable development, has become a new and into the cash cow, and the fragrance and fragrance business is also a good momentum of development dHc
　　According to the 2016 earnings forecast released by XinheCheng, the Company expects to achieve net profit attributable to shareholders of listed companies of RMB1,166 million to RMB1,287 million in 2016, up 190% to 220% YoY For the reasons for the doubling of performance, the new and the main indication, mainly due to the increase in the price of product sales dHc
　　Recently, the VA price maintained at 300 yuan / kg - 310 yuan / kg or so, VE price maintained at 85 yuan / kg - 90 yuan / kg, market demand stability, price swell shigh operation, will greatly thicken the new and into the performance dHc
　　And from the new and into the diversification initiative, the company is in the next game of chess, in addition to the vitamin business, flavor and methionine, new materials business is also the new and into the future performance of the starting point dHc
　　In August 2016, Xinhe Cheng Special Materials Co., Ltd and Royal DSM Group formed a joint venture to establish DSM New and Engineering Plastics (Zhejiang) Co., Ltd., mainly engaged in the production of high-performance polyphenyl sulfur ether (PPS) modified materials, products for global market sales, mainly for environmental protection, automotive, electrical and electronic, water resources management and industrial fields dHc
　　"All sales of the joint venture are the responsibility of DSM In the lead-up phase, the joint venture has made operational progress in three key applicationareas in China and Europe and is being evaluated by a wide range of customers, including major vehicle manufacturers and tier-one suppliers, where heaters for generator engines have been commercialized "The stone view group says so dHc
　　In addition, according to the Securities Daily reporter understand, to "teacher culture" known as the new and Cheng, has always adhered to the development of scientific research and innovation In the four years from 2012 to 2015, the company spent up to 770 million yuan on research and development As a member of the capital market, Xinhe Cheng adhereto annual dividends, listed for 12 years, the cumulative net profit of 7.846 billion yuan, the company's dividend amount also reached 3,017 million yuan, accounting for nearly 40% of the net profit ratio dHc