Recently, Anhui Excalibur released in the first half of 2018 semi-annual report, the first half, Anhui Excalibur realized operating income of 885 million yuan, an increase of 9.26%, net profit of 45.2 million yuan, down 18.27%.
In the second quarter, the company achieved revenue of 531 million yuan, an increase of 13.24%, the net profit attributable to the shareholders of the listed companies of 27.7038 million yuan, down 14.44% yoy. Anhui Excalibur New Material Co., Ltd. in the development of polyester resin products, production and sales have a certain voice, the main downstream manufacturers for powder coating, and long-term for akzonobel, Axalta, etc., is a professional supplier of powder coating raw materials, state-level high-tech enterprises, has won the 50 strong private enterprises in Anhui Province,
Anhui Province to obtain science and Technology Progress Award 3, the results of 6, 57 patents.
Sticking to the development strategy of double main business
Anhui Excalibur currently has two business sectors, chemical new materials and high-end equipment manufacturing areas, Anhui God sword adhering to the ' both hands are to grasp, both hands must be hard ' faith, adhere to the development strategy of double main industry, relying on the first major, exerting the second main business. In the field of chemical new materials, in 2017, Anhui Excalibur realized polyester resin sales of 133,000 tons.
Among them, outdoor-type resin to achieve revenue of 1.166 billion yuan, accounting for 63.76% of total revenue, mixed-type resin to achieve revenue of 366 million yuan, accounting for 20.01% of total revenue. In the first half of 2018, the company achieved polyester resin sales of 67,000 tons.
Among them, the outdoor resin and mixed-type resin to achieve revenue of 5.87 and 176 million, respectively, increased 8.39% and 2.51%, respectively, gross margin of 12.83% and 13.86%.
In contrast, 2018 years of good results.
Annual production of 50,000 tons of polyester resin project
In order to solve the capacity bottleneck, the subsidiary of Huangshan Sword Investment and construction of 50,000 tons of energy-saving and environmental protection Powder Coating Special Polyester resin project was completed in recent days to achieve the status of use. It is understood that the total investment of 220 million yuan, the project up to the post-natal, the company's polyester resin production capacity is expected to reach 200,000 tons/year, effectively solve the current capacity bottlenecks, will promote the stable growth of polyester resin production and sales volume, enhance profitability, and provide better protection for domestic and foreign customers supply,
To further consolidate and strengthen the industrial status of Anhui Excalibur, the company has a positive impact on the field of chemical new materials.
Upstream raw material project active construction
In addition, it is reported that the subsidiary of Ma On Shan Excalibur 40,000 tons/year NPG (Neopentyl glycol) project is actively building, is expected to start production at the end of this year, NPG is the main raw materials of Anhui Excalibur, this move will further improve the industrial chain of Anhui Excalibur polyester resin, to ensure the supply of raw materials.
Anhui Excalibur said that it will continue to increase capital investment in new product development, talent introduction and self-cultivation, the establishment of a higher level of innovative research and development team, the establishment of a long-term research and development personnel training mechanism, the use of innovative technology to establish market competition barriers. Anhui Excalibur 50,000 tons polyester resin project put into production | First half revenue 885 million yuan