Sully shares: focus on the main business to accelerate the layout of multiple places

In the first half of the year, despite the impact of the epidemic, a listed company still achieved considerable growth in performance: operating income was 1.
643 billion yuan, a year-on-year increase of 68.
68%; The net profit was 199 million yuan, a year-on-year increase of 105.
44%, and the profitability was significantly enhanced
.
This is Jiangsu Suli Fine Chemical Co.
, Ltd.
(hereinafter referred to as Suli shares).

A few days ago, a group of 5 people from the high-quality development research team of petroleum and chemical listed companies of China Chemical Industry News Co.
, Ltd.
walked into this enterprise
known for pesticides, flame retardants and other fine chemical products.

The release of new production capacity can be expected in the future

"Focusing on the main business and doing what we are good at is the belief
we have always adhered to.
The company was established for nearly 30 years, during this period, we have also seen many industry dividend periods, but have resisted the temptation, put more funds into the main business research and development and project construction, the company has achieved steady development
.
Wang Jingli, deputy general manager of Suli shares, told the research team
.

It is understood that the main business segment of Suli Co.
, Ltd.
is pesticides and pesticide preparations, and its products include chlorothalonil, azoxystrobin, fluridinamide, and cyanide ura
.
Among them, the annual production capacity of chlorothalonil is 14,000 tons, ranking first
in China.
Followed by the flame retardant sector, products include decabromodiphenylethane, brominated polystyrene, etc
.
Other fine chemical sectors include pharmaceutical intermediates and hydrobromic acid
.
At present, the company's main markets for products are the European Union, North America, South America, Africa, Southeast Asia and other countries and regions, and well-known agrochemical companies and flame retardant material enterprises at home and abroad have also established long-term cooperative relations
.

From the perspective of revenue proportion structure, in the first half of the year, the operating income of Suli Corporation's pesticide and pesticide intermediates sector reached 740 million yuan, a year-on-year increase of 51.
43%; The revenue of flame retardants and intermediates was 565 million yuan, a year-on-year increase of 94.
03%; The revenue of other fine chemical products was 275.
7 million yuan, a year-on-year increase of 65.
02%.

Wang Jingli said that due to the transmission of rising downstream demand and rising unit prices of raw materials, the sales volume and sales prices of the main products azoxystrobin, decabromodiphenylethane and hydrobromic acid have increased
significantly.
In addition, the increase in overseas demand for chlorothalonil, the main product, also led to a corresponding increase
in the company's revenue.

It is worth noting that the commissioning and sales of new projects such as brominated polystyrene are also a major factor
in the performance growth.
Its subsidiary Baili Chemical with an annual output of 5,000 tons of brominated polystyrene production line was delivered at the end of 2021, with an annual output of 15,000 tons of decabromodiphenylethane and supporting projects have basically reached production
.
"With the further stable operation of new projects and the gradual release of production capacity, the company's profit will still have some room for
improvement.
" Wang Jingli said
.

Leverage the circular economy with waste control

Environmental protection is the lifeline
of pesticide manufacturers.
As the largest production base of chlorothalonil products in China, Sully Co.
, Ltd.
uses chlorothalonil to produce exhaust gas comprehensive disposal of strip pickling waste hydrochloric acid, which not only solves its own waste gas treatment problem, but also solves the problem
of recycling, disposal and reuse of pickling waste hydrochloric acid in the strip industry.
"Green" empowerment has also made the market development of Sully shares wider and wider, registered in more than 60 countries and regions around the world, and has now become the world's leading chlorothalonil manufacturer
.

It is understood that in the production process of chlorothalonil, Sully Co.
, Ltd.
produces 3600 tons of waste chlorine gas and 5200 tons of
hydrogen chloride gas per year.
Previously, the tail gas treatment used water to absorb hydrogen chloride gas to make 31% finished hydrochloric acid, and lime milk was used to absorb chlorine gas, which consumed a large amount of lime and produced new "three wastes"
.
Jiangyin, where the company is located, is a more developed area of the steel industry, with an annual production of nearly 180,000 tons of strip pickling waste hydrochloric acid, which has complicated conventional treatment steps, high costs, and will bring secondary pollution
.
Based on this, Sully Co.
, Ltd.
has established a device
for the comprehensive disposal of strip pickling waste hydrochloric acid using chlorothalonil tail gas.
The process absorbs waste chlorine gas by pickling waste hydrochloric acid through strip steel, produces a mixed solution of ferric chloride and dilute hydrochloric acid, and then obtains 45% ferric chloride product after three-effect evaporation treatment, and the distilled dilute hydrochloric acid then absorbs hydrogen chloride in the tail gas into a 31% hydrochloric acid product
.

"At present, we have the capacity to dispose of 50,000 tons of pickling waste hydrochloric acid per year, and can produce 20,000 tons of 45% ferric chloride solution and 10,000 tons
of 31% hydrochloric acid products per year.
The prepared ferric chloride can be used as a water treatment agent,
etching agent.
Wang Jingli said that the resource utilization project can reduce the amount of wastewater treatment by 36,000 tons, lime by 4,500 tons, and waste residue treatment by 900 tons per year, and achieve an average annual sales income of 15 million yuan, which has good economic and social benefits
.

The layout of multiple places opens up new space for development

"Focusing on the main business, we will accelerate the layout of multiple places, and effectively promote the integration and integration of resources and extend the industrial chain according to our own industrial characteristics and local factor endowments, so as to improve risk resistance and profitability, so as to achieve the sustainable and high-quality development of
the company.
" Wang Jingli is full of confidence
in future development.

According to reports, at present, Suli has subsidiaries and shareholding companies in Jiangsu, Ningxia, Liaoning, and the Philippines, set up a research and development branch in Shanghai Pudong, and set up a representative office
in Vietnam.

At present, the company is investing in the construction of a number of fine chemical product production lines related to pesticides and pesticide intermediates in Ningdong Energy and Chemical Industry Base, with a total annual production capacity of 168,500 tons
.
The project will improve the company's product structure, enhance the overall competitiveness and anti-risk ability of the enterprise, and cultivate new profit growth points
for the company.
Wang Jingli said
.

In addition, after investigation and multiple considerations, Suli finally chose to build an API and pharmaceutical intermediates project
in Changxing Island base in Dalian.
With a total investment of 650 million yuan, the project is planned to be constructed in two phases, mainly including an annual output of 20 tons of gatifloxacin, 50 tons of moxifloxacin hydrochloride, 15 tons of perindopril tert-butylamine salt and other pharmaceutical intermediates and special chemical projects
.

Wang Jingli said that with the completion and production of the two base projects in Ningdong and Dalian, the company's output value will achieve a big leap and will also become an important profit growth point
for the company in the future.