Layout the entire industry chain business structure Guangwei Fusai's performance in the first half of the year increased steadily

Reporter Wang Xi

On August 16, Guangwei Fuwa, a head company in the domestic carbon fiber industry, disclosed the semi -annual report. The semi -annual report shows that in the first half of this year, the company achieved operating income of 1.314 billion yuan, an increase of 2.42%year -on -year, and the net profit attributable to shareholders of listed companies was 506 million yuan, an increase of 16.48%year -on -year, and the non -net profit was 481 million yuan, an increase of 19.69 year -on -year increased by 19.69. %. Data show that the company's profit margin and net profit margin in the second quarter of this year all set the best level in recent years.

The relevant person in charge of Guangwei Fuwa told the "Securities Daily" reporter that the company's second quarter performance increased significantly from the previous quarter. Thanks to the company's business structure layout, especially under the "dual carbon" goal, the carbon fiber industry continued to develop in wind power , Photovoltaic, hydrogen energy storage and transportation and other industrial and civilian application scenarios, the company has also steadily deployed to shape the company's wider and better "moat" pattern.

The performance in the second quarter increased significantly from the previous quarter

In the first half of this year, the carbon fiber industry and industry chain -related companies were under great pressure. Especially for Guangwei Fuwa, the epidemic situation in Weihai, Shandong in early March, was repeated, and some business sectors of the company once stopped working and discontinued. Not only that, in the second half of last year, the price of arms production fiber products was reduced twice.

Even so, during the reporting period of Guangwei Fuwu Materials, it has achieved stable business performance. Compared with the company's disclosed price reduction of carbon fiber products in the first quarter announcement caused difficulties such as the discontinuation of some business segments and the discontinuation of production and logistics interruptions. In the second quarter, the company resumed to normal. Most of the indicators in the performance increased significantly from the first quarter.

This is due to the changes in the structure of Guangwei compound material. "Constantly widening and deepening the" moat ", and continuously expand new products and businesses, especially after the normal investment and use of fundraising projects and achieve stable production, the increase in non -fixed carbon fiber products and their contributions have eased the price reduction fiber price reduction reduction price reduction The impact is brought about.

According to reports, the current Guangwei's compound material business is mainly divided into five major sectors. In addition to the traditional advantages of carbon fiber sectors (carbon fiber and fabric products) and general new material sectors (pre -immersed products, etc.), new products represented by wind power carbon beams, etc. The energy material sector, high -end composite material sector and precision mechanical sector are growing steadily.

Among them, in the first half of 2021, the carbon beam business declined due to the rise in raw materials and declined in product profitability. In the first half of this year, it improved a lot. In the first half of the year, it achieved operating income of 321 million yuan, an increase of 3.03%year -on -year. 11.33%increased to 22.54%in the first half of this year.

In addition, Guangwei Compound Materials actively expands the application of the compound material and completed the control of the Holdings at the end of last year. During the reporting period, the aerospace rocket engine shells and wings sails and other R & D projects from Guangsheng Technology went smoothly to achieve revenue of 9.2531 million yuan.

"The business structure of the entire industrial chain helps the company to hedge the impact of various unfavorable factors and achieve steady development." The relevant person in charge of the above Guangwei Fuwu material said that the company and professional institutions in the second half of the year have shown a comparison Good expectations, especially after the price reduction pressure of the setting products is fully released, many institutions are optimistic about the company's performance elasticity in the second half of the year.

Regarding the growth and optimization of the company's product structure brought about by the layout of Guangwei Fusai's entire industrial chain, Minsheng Securities Research reports that with the strong demand of the downstream of high -end carbon fibers, the company's product structure is expected to further optimize in the future, and the profit margin may be steadily improved.

New energy application scenario space is broad

According to the relevant person in charge of the above -mentioned Guangwei Fuwa materials, in the field of high -end carbon fiber application, in addition to the more mature wind power carbon beams in recent years, the demand for clean energy development has contributed to increasingly increased performance increase, allowing the company to correspond to the corresponding level of levels Carbon fiber products have giving play to greater commercial value and technological value.

The semi -annual report of Guangwei Reinforcement stated that under the leadership of the "double carbon" goal, as a light, high -strength carbon fiber material, it has excellent lightweight, emission reduction, and environmental protection functions. One of them has obvious technical performance advantages and good development prospects in applications in the field of green energy development such as leaves in the field of wind power, hot field materials in the field of silicon wafers in the field of solar energy, and the storage and transportation equipment in the field of hydrogen energy.

Qi Haizheng, president of Beijing's Sunshine New Energy, said that in new energy fields such as wind power blades, photovoltaic vessels, photovoltaic single -crystal hot fields, silicon wafer battery brackets, and hydrogen energy storage tanks, carbon fiber composite materials have been widely used. With the rise of the new energy industry, the photovoltaic, wind power, and hydrogen energy industries will be developed in a lot, and carbon fiber composite material products will have a broader market space.

According to the introduction of Guangwei's compound materials, overall, the high -end application market in the carbon fiber is still in short supply. For example, carbon fiber for hydrogen heat fields, the current market supply gap is huge.

In terms of capacity expansion, the relevant person in charge of the above -mentioned Guangwei Fuwu materials revealed that the company's raising projects for investment projects of 2,000 tons of T700S/T800S have been put into production in the second quarter of last year, and their contribution revenue in 2021 is 175 million yuan. This year, the production line is expected to contribute complete income. At the same time, Guangwei Fuwu planned to build an annual output of 10,000 tons of carbon fiber projects in Baotou, Inner Mongolia. Among them, the first phase of the annual output of 4,000 tons of project was launched in August 2020, and the project is currently being built. Contribute income income.

- END -