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On March 3, Aggregation Technology released its 2021 annual performance report, saying that in 2021, its operating income will be 660 million yuan, a year-on-year increase of 67.
Polytech's main business is the research and development, production and sales of epoxy resin for wind power blades, epoxy resin for electronic packaging, powder coatings, silicones and new composite materials.
In 2021, the operating income of Aggregate Technology will increase by 67% compared with the previous year, mainly due to the continuous development of the wind power industry in 2021 under the guidance of clear policies, the sales volume of main products will increase, and the prices of main raw materials will rise and be transmitted downstream.
Net profit decreased by 20% year-on-year, because the main production cost of the company was the cost of raw materials.
In the past two years, China's wind power industry has become relatively hot, and it has also become an important area to effectively stimulate the downstream consumption of epoxy resin
At present, the domestic epoxy resin for wind power blades has basically formed a diversified competition pattern with companies such as American Hexion, American Olin, Daosheng Trina, Shangwei New Materials, Polymer Technology and Huibo New Materials, and the competition is also very fierce
Multiple suppliers are beneficial to control the cost of raw materials
