Xin’an Co., Ltd. Coruscule and Silicon Silicon Cooperation is expected to be more than 2.6 billion over four years.
Changjiang Business Daily News
● Changjiang Commercial Daily reporter Shen Yourong
Agricultural chemical company Xin’an (600596.SH) operating performance broke out.
On the evening of January 10 this year, Xin’an shares released the 2021 annual performance forecast. The company is expected to make a year -on -year profit of 2.6 billion to 2.7 billion yuan, an increase of more than three times year -on -year. After deducting non -recurring profit and loss, the expected profit for profit will increase by more than 5 times.
A reporter from the Yangtze River Business Daily found that Xin’an Co., Ltd. deducts the profitability of non -recurring profit and loss in an annual deduction of non -recurring gains and losses, exceeding the sum of 2017 to 2020.
Xin’an’s operating performance has increased significantly, mainly the result of the product volume and price. The company’s core products are glyphosate, which has increased by more than two times the year -on -year price, and the peak price has risen by more than 3 times.
The industry predicts that due to the limited production capacity of grass glyphosate, it is expected to remain high this year.
In the field of heavy assets, Xin’an Co., Ltd.’s finance is stable. As of the end of September 2021, the company’s asset -liability ratio was 44.52%, and the existing monetary funds were 1.968 billion yuan, which was enough to cover short -term debt.
In the fourth quarter, the profit of 1 billion yuan was a new high
The market conditions are good, and Xin’an Co., Ltd. has achieved the brightest operating performance in history.
According to the performance forecast, in 2021, Xin’an Co., Ltd. is expected to achieve net profit attributable to shareholders of listed companies (referred to as net profit) 2.6 billion yuan to 2.7 billion yuan, an increase of about 2.215 billion yuan to 2.115 billion yuan compared with 585 million yuan in the same period last year. Yuan, a year -on -year increase of 344%to 362%.
At the same time, the company is expected to realize the net profit (referred to as deducted non -net profit) that belongs to shareholders of listed companies (referred to as deducted non -net profit) in the range of 2.6 billion to 2.7 billion yuan. Compared with 401 million yuan in the same period last year, it increased About 2.199 billion yuan to 2.299 billion yuan, a year -on -year increase of 548%to 574%.
The third quarter report of 2021 showed that Xin’an Co., Ltd. achieved operating income of 13.316 billion yuan, an increase of 41.11%year -on -year, and net profit and non -net profit were 1.601 billion yuan and 1.585 billion yuan, respectively, a year -on -year increase of 713.70%and 1225.57%.
Compared with the annual performance trailer and the third quarter report, it was found that in the fourth quarter, Xin’an Co., Ltd. was expected to achieve net profit of 999 million yuan to 1099 million yuan, and the deduction of non-net profit was 1.015 billion yuan to 1115 million yuan.
In the fourth quarter of 2020, the net profit and non -net profit of Xin’an Co., Ltd. were 432 million yuan and 281 million yuan, respectively. In the fourth quarter of 2021, the net profit and non -net profit of deduction were doubled year -on -year.
In the quarter and third quarter of last year, the operating income achieved by Xin’an Co., Ltd. was 3.776 billion yuan, 4.689 billion yuan, and 4.852 billion yuan, respectively, a year -on -year increase of 34.04%, 34.66%, and 54.62%, which were growing rapidly. Compared with operating income, net profit and deduction of non -net profit are much better. The corresponding net profit achieved was 278 million yuan, 564 million yuan, and 759 million yuan, a year -on -year increase of 1323.37%, 797.49%, and 563.44%. The non -net profit was 279 million yuan, 546 million yuan, and 760 million yuan, a year -on -year increase of 5344.68%, 1618.37%, and 819.38%. The net profit and non -net profit have doubled for three consecutive quarters.
Compared with the preview performance in the fourth quarter and the previous three quarters, the net profit and non -net profit of deductions not only doubled significantly year -on -year, but also increased significantly from the previous month. Among them, in the fourth quarter, whether it is net profit or non -net profit, it has reached a new high -quarter high during the year.
In fact, a single quarter profit exceeded 1 billion yuan, not only a single quarter high in 2021, but also a single quarter high in 21 years since its listing in 2001.
A reporter from the Yangtze River Business Daily found that in 2021, the company’s deduction of non -net profit was at least 2.6 billion yuan, which has significantly exceeded the sum of 2017 to 2020. In the past four years, the company’s deduction of non -net profit was 196 million yuan, 1.237 billion yuan, 301 million yuan, and 401 million yuan, totaling 2.1035 billion yuan.
Xin’an shares explained that in 2021, the prices of major products including glyphosate, silicon, and industrial silicon rose sharply year -on -year, and the profitability level increased significantly year -on -year.
Public information shows that the market price of Cao Guman has skyrocketed in the fourth quarter of 2020. At the end of September 2020, its market price was 2.475 million yuan/ton, and at the end of 2021, it was 80,000 yuan/ton, an increase of more than double. In the fourth quarter of 2021, the price increase per ton of more than 10,000 yuan, and the market price at the end of the year has reached a new high of nearly 10 years.
Coordinated by glyphosate and organic silicon
Xin’an’s operating performance has increased significantly. In addition to glyphosate, organic silicon also contributed.
The company explained in the annual performance trailer that the prices of major products such as silicon and industrial silicon have risen significantly year -on -year, and the level of profitability has increased significantly year -on -year. In addition, the company gives full play to the integrated operation advantage of the entire industry chain, flexibly adjust its operating strategy, focuses on the value track, actively expands the upstream and downstream market share, has made positive progress in the layout of the mid -to -high -end product field, the sales of product sales have increased significantly year -on -year, effectively improving the company’s operating performance performance Essence
Xin’an Co., Ltd. has two major industries, namely crop protection and silicon -based materials. Crop protection is dominated by grass glyphosate drugs and dosage products, cinobosamidium crickets, enemy grasson, and other herbicides. Perida represented by hydrococri such as hybridizers represented. , Pensory Bio prevention and control and other varieties of multi -varieties are developed simultaneously. Silicon -based new materials are synthesized by monomers to build a complete industrial chain from silicon ore smelting, silicon powder processing, single synthesis, and downstream product processing, forming four series of products: silicon rubber, silicon oil, silicon resin, and silicane coupling agent.
In the semi -annual report of 2021, Xin’an Co., Ltd. introduced that in nearly ten years, China ’s silicon products demand is relatively strong. As of the end of June 2021, the company’s existing organic silicon single production capacity was 490,000 tons/year (about 250,000 tons of silicide production capacity), of which about 80%were used for self -use production of downstream gum, 107 glue and other polymers and mixed mixes. End products such as glue, liquid glue, sealing, etc. The company actively explores the field of high -end applications, accelerate the investment and layout of high -end terminal fields such as medical and health, electronic new energy, photovoltaic, power batteries, and third -generation semiconductors, and actively create leaders in specific segments. , Motor pump resistance dynamic fatigue solid glue and other products have made breakthroughs in some cutting -edge fields.
According to Xin’an Co., Ltd., the company is one of the few companies that produce glyly glyly and organic silicon at the same time and form a synergy effect. As a leading company in the domestic herbicide glyphosate and organic silicon single production, the company uses the chloride chloride of the glyphosate production process to produce organic silicon production, which is synthesized around organic silicon monomers to build a silicon mine smelting and silicon The complete industrial chain of powder processing, single synthesis, and downstream product processing forms four series of products: silicon rubber, silicon oil, silicon resin, and silicane coupling agent. In recent years, the company has continuously optimized the technology and product structure in organic phosphorus -organic silicon collaborative production. It has achieved full use of resources in the three major cycles of chlorine, phosphorus, and silicon elements as much as possible. Organic silicon enterprises.
It is worth mentioning that the price of glyphosate may continue to maintain a high level. Xin’an Co., Ltd. said that as a mature variety for many years, the global supply and demand of Ganjun is in a state of continuous balance, with global production capacity of about 1.1 million tons. Green glyphosate brings new development space. The industry is expected that this year, grass and glyphosate will still be highly prosperous.
Xinan’s current capacity of grass glyphosate is 80,000 tons/year, and the annual output is about 85,000 tons. It has purchased more than 10,000 tons of original drugs for preparation production each year. The annual sales volume is close to nearly 100,000 tons of grass glyphosate medicine.
Responsible editor: ZB
This article comes from the Changjiang Business Daily