The performance of listed chemical companies in 2021 is generally good

Against the background of rising prices of international bulk raw materials, the overall prosperity of the chemical industry in 2021 will be high
.
According to the data of Oriental Fortune Choice, as of January 14, among the 429 Shanghai and Shenzhen A-share listed companies in the first-class chemical industry of Shenwan, 65 companies have disclosed their performance forecasts, and 61 of them have positive results
.

According to the data, among the 65 listed chemical companies that have disclosed their 2021 performance forecasts, 53 showed pre-increase in their performance, 4 showed a slight increase in their performance, and 4 turned their losses into profits; only 4 companies expected their 2021 annual performance to be higher than that of the others.
There was a decline in 2020, but both were profitable in 2021
.

Among the 61 companies with good results, Baofeng Energy temporarily ranks first with an estimated net profit attributable to the parent of 6.
8 billion to 7.
2 billion yuan
.
In terms of growth rate, 48 companies announced that the net profit growth limit of the parent company would exceed 100%.
Among them, Hebang Biotechnology announced the highest increase of over 79 times, and Yuanxing Energy announced the highest increase of over 73 times.
Two; in addition, the net profit of Dongfang Shenghong and Yuntianhua also increased by more than 10 times
.

According to the performance forecast of the above-mentioned companies, product prices have repeatedly hit new highs in 2021, and demand has grown rapidly, which will support performance
.

Hebang Bio announced that due to the improvement of environmental protection requirements, the further clearance of backward production capacity, the restriction of production capacity expansion, and the increase in downstream demand, the supply and demand relationship of the company's main products such as glyphosate, glyphosate, soda ash, and ammonium chloride has been optimized.
Enable the company to obtain a reasonable operating profit
.
Yuanxing Energy said that the high-efficiency operation of the company's soda ash and urea production units and the improvement of the prosperity of the leading products are the main reasons for the company's performance growth
.
Shi Dashenghua said that with the rapid growth of the new energy vehicle market, the company's sales and sales revenue of carbonate series products that supply battery systems have increased significantly
.
Akeli also said that as one of the molding materials for wind turbine blades, the demand for polyetheramine has maintained high growth, and due to capacity constraints, the price of polyetheramine products has been steadily rising last year
.

Many listed chemical companies have also listed accelerating industrial layout, adjusting production structure, and promoting cost reduction and efficiency enhancement as important factors for performance improvement
.

Dongfang Shenghong, Subbot, Anada, Huaertai and other companies stated in their performance forecast that the commissioning of new projects during the reporting period helped their performance
.
For example, Dongfang Shenghong said that its Hong Kong Hong Fiber project with an annual output of 200,000 tons of differentiated functional chemical fibers and Zhonglu Technology’s annual output of 60,000 tons of polyethylene terephthalate (PET) regenerated fiber projects will be completed in the second half of 2020.
It was completed and put into operation, which increased its profit contribution year-on-year
.
In addition, during the reporting period, many companies such as Yuanxing Energy and Zhenhua Co.
, Ltd.
achieved their own industrial chain extension through mergers and acquisitions or equity transfer of subsidiaries, making their main business stronger
.

At the same time, many listed chemical companies have stated that strict basic management and further improvement of the level of refined management and control are crucial to improving profitability
.
For example, Yuntianhua said that during the reporting period, the company strengthened production management, realized high-load operation of major chemical plants, and controlled the unit energy consumption and material consumption of products, and gave full play to the advantages of a centralized procurement platform, accurately controlled the rhythm of bulk raw material procurement, and effectively alleviated the The impact of rising prices of bulk raw materials
.

Zhang Jing, general manager of the equity investment department of Essence Fund, believes that after the sharp rise last year, the overall valuation of the current chemical sector is not low, and the leader has more advantages.
In the long run, the industry concentration will be further improved
.
He believes that there are three directions worth paying attention to in the future
.
First, the pesticide and tire industries, which were greatly affected by the increase in shipping and raw material prices last year, may see a rise in both volume and price this year; "Davis double-click"; third, new materials will remain the main force of high growth
.