Shandong Xinhe cheng 300,000 tons of methionine project is progressing smoothly.

Recently, Zhejiang Xinhe Cheng company in the investor relations activities on the relevant questions answered, see: uYW1, the company chose to invest in Heilongjiang biofermentation project is based on what aspects of consideration, the current project progress?uYW: Heilongjiang biofermentation project is a major project of the company, the total investment of the project is about 3.6 billion yuan, the company also attaches great importance to the investment of this project, only the site selection took a long timeAs to why the investment in biofermentation projects in Heilongjiang, the company mainly considers the following: uYW(1) biofermentation is a future trendAt present, synthesis and fermentation have their own advantages, but fermentation process is constant pressure, more environmentally friendly, with the rapid development of biotechnology, never look at fermentation process is more sustainable, therefore, if the company wants to become a big excellent enterprise in the future, then it is necessary to expand the business of biofermentationuYW(2) company has an integrated industrial chain advantageThe company's biological fermentation project is the main raw materials of corn, corn processing into starch and sugar, and then through fermentation into products, its residue can be used as feed, and feed enterprises themselves are important customers of the company, so the company has the advantage of joint feed enterprises to make full use of raw materials, reduce product costsThe resource advantage of the uYW(3) region is an important factor for the company to choose to invest in HeilongjiangCorn is an important raw material for the company's biofermentation project, Heilongjiang Yanhua area is an important corn production area, the supply is guaranteed, the cost is relatively lowIn addition, the region's energy resources also have certain advantagesthe significance of the construction of the heilongjiang biofermentation project of uYWcompany is not only to enhance the market competitiveness of existing products, but also to the foresight and layout of future industrial development, which is the guarantee of the long-term development of the companyThe project is progressing well and the overall progress is in line with expectationsuYW 2, we expect the company Shandong Xinhe Industrial Park future investment will be very large, the investment of many projects will be many, the company to Shandong Xinhe Cheng Industrial Park is what kind of planning?uYW : In the whole industrial development, chemical industry is a very important industry, compared with the development process of the chemical industry in developed countries, we will find that before they are the same as china today, but now they are very high on chemical technology, environmental protection requirements are also very high, basically some large chemical enterprises So, the company is also thinking about which Chinese companies can be basf, Bayer and other large enterprises? With the country's environmental protection requirements are getting higher and higher, now require chemical enterprises to enter the park, the company has many products have been leading, so to seize this opportunity, based on the long-term establishment of large production bases The Company first invested in the industrial park fragrance fragrance, has now made rapid development, after the planning of the methionine project, the total production capacity of 300,000 tons / year, of which 50,000 tons / year project has been officially put into operation, 250,000 tons of the project is currently progressing smoothly The local government is very supportive of high-quality enterprises like us, so the company will also increase investment in industrial parks to enhance the overall competitiveness of the company uYW 3, the company's current production, sales of new materials products and gross margin situation? How to predict the future market of new materials?uYW Answer: the company's PPS production line basically full load production, an annual output of 10,000 tons of the second phase of the production line is currently in the trial production stage, has basically reached production; PPS different specifications of product gross margin differentiation is also relatively large, some differentiated specifications gross margin can reach about 40%, general specifications of the current gross margin is generally about 10-20%; Although the PPS market by some domestic business fluctuations and new capacity publicity, the market supply and demand sentiment and price short-term impact, such as PPS fiber prices have reached a maximum of 150,000 yuan / ton, and currently only 7-8 million yuan / ton, but Japan, the United States currently have no obvious expansion plans, and this year, Japan's Toray has announced price increases, because the market demand for the future of PPS has been confident is the uYW 4, BASF's suspension due to a fire accident the only reason for this round of high price increases in vitamin A?uYW : BEFORE BASF's accident, the price of vitamin A had risen from about 100 yuan / kg to about 500 yuan / kg, which has nothing to do with the BASF accident, of course, the price of vitamin A after the ACCIDENT at BASF rose even higher Vitamin A price has cyclical factors, there are environmental protection factors, BASF fire accident is an accident, vitamin cyclical price increase is an inevitable factor, the two have no relationship, vitamin A in the long run, demand is rigid, as well as natural growth, this product belongs to the market fully competitive products uYW 5, the company's headquarters is located in Xinchang is a small county in China, the company in such a location and resources do not have the advantage of the place, can develop into an industry leader such an excellent enterprise, rely on what?uYW answer: a business operation is good or bad on the face of the reaction in the financial statements, and the data behind the product is good or bad, the product behind the cost control ability, management, technology is good or bad, and finally is the most important or people, is not a group of excellent people, there is a group of tireless people Xinchang has no location and resource advantages, so we can only be tireless efforts, must be open and innovative, can not be enclosed in small county towns, innovation for us and others may not be the same, if we do not open and innovative, the company certainly can not develop, so we must adhere to innovation, in order to make a breakthrough From the early days of the company attaches great importance to innovation, every year from the operating income to extract a certain proportion of the funds for technological innovation, even the most difficult time the company is still adhering to technological innovation, the company along the way, from Xinchang new and cheng, Zhejiang's new and into China's new and into, is now working to internationalize, later to become the world's new and into The company has the cultural basis of innovation, but also the genes of innovation, the company's research institute is already a certain leading level of the research institute, to do a good job of enterprise generalization is mainly two aspects, one is to innovate, the other is to focus The intrinsic driving force of the company's development is survival and ideal, the company not only to ensure survival, but also to make a career ideal uYW 6, the company's export business proportion is larger, the future RMB exchange rate is expected to have a greater appreciation pressure, the company has any coping strategies?uYW : Exchange gains and losses are all export enterprises will face the problem, the company mainly through hedging to lock in exchange rate risk, but if the RMB exchange rate is sustained unilateral appreciation, then the book exchange loss is inevitable, the company will promptly through product price negotiations to lock in the possible impact of the exchange uYW recently Zhejiang XinheCheng company in the investor relations activities on the relevant questions answered, see: uYW 1, the company chose to invest in Heilongjiang biofermentation project is based on what aspects of consideration, the current project progress?uYW : Heilongjiang biofermentation project is a major project of the company, the total investment of the project is about 3.6 billion yuan, the company also attaches great importance to the investment of this project, only the site selection took a long time As to why the investment in biofermentation projects in Heilongjiang, the company mainly considers the following: uYW (1) biofermentation is a future trend At present, synthesis and fermentation have their own advantages, but fermentation process is constant pressure, more environmentally friendly, with the rapid development of biotechnology, never look at fermentation process is more sustainable, therefore, if the company wants to become a big excellent enterprise in the future, then it is necessary to expand the business of biofermentation uYW (2) company has an integrated industrial chain advantage The company's biological fermentation project is the main raw materials of corn, corn processing into starch and sugar, and then through fermentation into products, its residue can be used as feed, and feed enterprises themselves are important customers of the company, so the company has the advantage of joint feed enterprises to make full use of raw materials, reduce product costs The resource advantage of the uYW (3) region is an important factor for the company to choose to invest in Heilongjiang Corn is an important raw material for the company's biofermentation project, Heilongjiang Yanhua area is an important corn production area, the supply is guaranteed, the cost is relatively low In addition, the region's energy resources also have certain advantages the significance of the construction of the heilongjiang biofermentation project of uYW company is not only to enhance the market competitiveness of existing products, but also to the foresight and layout of future industrial development, which is the guarantee of the long-term development of the company The project is progressing well and the overall progress is in line with expectations uYW 2, we expect the company Shandong Xinhe Industrial Park future investment will be very large, the investment of many projects will be many, the company to Shandong Xinhe Cheng Industrial Park is what kind of planning?uYW : In the whole industrial development, chemical industry is a very important industry, compared with the development process of the chemical industry in developed countries, we will find that before they are the same as china today, but now they are very high on chemical technology, environmental protection requirements are also very high, basically some large chemical enterprises So, the company is also thinking about which Chinese companies can be basf, Bayer and other large enterprises? With the country's environmental protection requirements are getting higher and higher, now require chemical enterprises to enter the park, the company has many products have been leading, so to seize this opportunity, based on the long-term establishment of large production bases The Company first invested in the industrial park fragrance fragrance, has now made rapid development, after the planning of the methionine project, the total production capacity of 300,000 tons / year, of which 50,000 tons / year project has been officially put into operation, 250,000 tons of the project is currently progressing smoothly The local government is very supportive of high-quality enterprises like us, so the company will also increase investment in industrial parks to enhance the overall competitiveness of the company uYW 3, the company's current production, sales of new materials products and gross margin situation? How to predict the future market of new materials?uYW Answer: the company's PPS production line basically full load production, an annual output of 10,000 tons of the second phase of the production line is currently in the trial production stage, has basically reached production; PPS different specifications of product gross margin differentiation is also relatively large, some differentiated specifications gross margin can reach about 40%, general specifications of the current gross margin is generally about 10-20%; Although the PPS market by some domestic business fluctuations and new capacity publicity, the market supply and demand sentiment and price short-term impact, such as PPS fiber prices have reached a maximum of 150,000 yuan / ton, and currently only 7-8 million yuan / ton, but Japan, the United States currently have no obvious expansion plans, and this year, Japan's Toray has announced price increases, because the market demand for the future of PPS has been confident is the uYW 4, BASF's suspension due to a fire accident the only reason for this round of high price increases in vitamin A?uYW : BEFORE BASF's accident, the price of vitamin A had risen from about 100 yuan / kg to about 500 yuan / kg, which has nothing to do with the BASF accident, of course, the price of vitamin A after the ACCIDENT at BASF rose even higher Vitamin A price has cyclical factors, there are environmental protection factors, BASF fire accident is an accident, vitamin cyclical price increase is an inevitable factor, the two have no relationship, vitamin A in the long run, demand is rigid, as well as natural growth, this product belongs to the market fully competitive products uYW 5, the company's headquarters is located in Xinchang is a small county in China, the company in such a location and resources do not have the advantage of the place, can develop into an industry leader such an excellent enterprise, rely on what?uYW answer: a business operation is good or bad on the face of the reaction in the financial statements, and the data behind the product is good or bad, the product behind the cost control ability, management, technology is good or bad, and finally is the most important or people, is not a group of excellent people, there is a group of tireless people Xinchang has no location and resource advantages, so we can only be tireless efforts, must be open and innovative, can not be enclosed in small county towns, innovation for us and others may not be the same, if we do not open and innovative, the company certainly can not develop, so we must adhere to innovation, in order to make a breakthrough From the early days of the company attaches great importance to innovation, every year from the operating income to extract a certain proportion of the funds for technological innovation, even the most difficult time the company is still adhering to technological innovation, the company along the way, from Xinchang new and cheng, Zhejiang's new and into China's new and into, is now working to internationalize, later to become the world's new and into The company has the cultural basis of innovation, but also the genes of innovation, the company's research institute is already a certain leading level of the research institute, to do a good job of enterprise generalization is mainly two aspects, one is to innovate, the other is to focus The intrinsic driving force of the company's development is survival and ideal, the company not only to ensure survival, but also to make a career ideal uYW 6, the company's export business proportion is larger, the future RMB exchange rate is expected to have a greater appreciation pressure, the company has any coping strategies?uYW : Exchange gains and losses are all export enterprises will face the problem, the company mainly through hedging to lock in exchange rate risk, but if the RMB exchange rate is sustained unilateral appreciation, then the book exchange loss is inevitable, the company will promptly through product price negotiations to lock in the possible impact of the exchange uYW .