Thanks to the fact that China's economy has persisted in the supply-side structural reform as the main line, the economy and society have maintained a steady and healthy development, and the chemical industry as a whole has shown a trend of 'stronger, stronger, stronger'. The chemical companies' operating efficiency and market performance are more prominent. As a leading domestic high-end silicon material segmentation company, Sanfu Group (26.870, 0.40, 1.51%) has gradually expanded its circular economy industrial chain around 'two silicon and two potassium'.
Circular economy brings improved performance
Through the process of designing and transforming the technology, Sanfo Co., Ltd. has now formed a circular economy mode with the core of 'two silicon and two potassium' based on trichlorosilane, high-purity silicon tetrachloride, potassium hydroxide and potassium sulfate. The comprehensive competitiveness continues. The company has created an industrial chain with fine chemical products as the main line. Hydrogen, a by-product of the trichlorosilane production system, is used as the energy required for potassium hydroxide production. Hydrogen chloride, a byproduct of the potassium hydroxide production system, is used as raw material for the production of trichlorosilane. Hydrochloric acid, a by-product of the potassium sulphate production system, can be interpreted as hydrogen chloride and used as raw material for the production of trichlorosilane. As a by-product of the trichlorosilane production system, ordinary silicon tetrachloride is used as a raw material for high-purity silicon tetrachloride production. Waste Heat Recovery By-Product Steam Supply Production System Recycling. At present, the 300,000-ton/year potassium sulfate and 30,000-ton/year high-purity silicon tetrachloride project (Phase I) of the fund raising project of Sanfu Co., Ltd. has been successfully put into production. And high-purity silicon tetrachloride products can not only form synergies with the company's existing chemical systems, but also form new profit points. High-purity silicon tetrachloride can increase the added value of the company's products and improve the company. The structure of silicon products.
Triflu shares extend the upstream and downstream products of the silicon industrial chain, and design and transform the technological process, so that the various production systems can coordinate and support each other, and the raw materials and energy can be efficiently used within the company, ultimately reducing the consumption of raw materials throughout the entire production process. Minimize energy consumption, minimize pollutant emissions, and effectively reduce product production costs. Sanfu's revenue increased by 35% year-on-year in the previous year. Net profit increased by 117% year-on-year. In the first quarter of 2018, the company achieved operating revenue of 281,469,200 yuan, a year-on-year increase. 6.93%; Realized a net profit of 43.3094 million yuan, a year-on-year increase of 21.29%.
Expand high-end electronic specialty gas business
Benefiting from the rapid growth of the semiconductor industry, Sanfu Group plans to invest 287 million yuan in the construction of 500 tons/year electronic grade dichlorodihydrogen disilane using its own industry advantage in trichlorosilane and experience in the high-purity silicon tetrachloride industry. With 1,000 tons/year electronic grade trichlorosilane project, these two products can be integrated with the company's existing system. The raw materials for the two electronic grade products are Sanfu's trichlorosilane products, and raw materials can be directly passed through the pipeline. Transportation to the project production workshop reduces transportation costs while ensuring the quality of raw materials and the timeliness of supply. The silicon tetrachloride produced as a by-product of the project reaction is sent back to the trichlorosilane plant through pipelines to achieve the recycling of the main materials. Electronic grade silicon dihydrogen dihalide and electronic grade trichlorosilane are important electronic special gas raw materials indispensable to the semiconductor industry. The country currently mainly relies on imports. According to data released by the Global Semiconductor Trade Statistics Organization (WSTS), 2017 Global semiconductor sales revenue reached US$408.691 billion, an increase of 20.6% from 2016. After the project went into production, Sanfu's new project is expected to benefit from the semiconductor industry. Rapid growth.
Focusing on the core of the circular economy system, Sanfu Co., Ltd. actively planned technological innovation, increased R&D efforts, and continued to explore the extension of the industrial chain upstream and downstream. High-purity silicon tetrachloride project, potassium sulphate project, electronic grade dichlorodilyl currently under construction The gradual development and implementation of the hydrogen-silicon and electronic-grade trichlorosilane projects have enabled the company's overall industrial structure to be more optimized, technological advantages, cost advantages to be further developed, and the core competitiveness to continue to increase.
Industrial chain scale advantage to resist market risk
With the continued heavy volume of high-end products of Sanfu Co., Ltd., the profitability has been continuously improved. In its report, Guojin Securities pointed out that the company's high-purity silicon tetrachloride has gradually been recognized by the market in 2017, achieving 1,651.14 tons of sales in the first quarter of 2018. The price of products also rose slightly. High-purity silicon tetrachloride products are one of the main raw materials of optical fiber preforms. Demand is increasing year by year. At present, the company and Changfei optical fiber and cable, Zhongtian Technology, FiberHome and many other domestic The first-class optical fiber preform production enterprises have established a stable cooperation relationship. Sales of high-purity silicon tetrachloride will be significantly improved in 2018. With the completion of the company's second phase project, the profitability of this product is expected to increase further. Supports growth in the next two years.