Autonomous research and development Breaking the monopoly focusing on the main business action frequently Dongfang Shenghong to accelerate the strategic layout of new materials

On September 27th, at the Petrochemical Industry Base in Lianyungang, Jiangsu, Shenghong Silbang Petrochemical 800 tons/year POE (polyolefin elastomer) produced qualified products for output, and the project was successful in one -time driving. This marks that Silbang has also has two mainstream photovoltaic membrane materials independent production technologies, the mainstream photovoltaic membrane materials of photovoltaic EVA (ethylene-ethyl acetate ethyl acetate) and POE (polyolefin elastic virus) nationwide, will be the high-quality development of my country's new energy industry in China. Provide solid material protection.

Recently, Oriental Shenghong announced the transfer of six assets under the transfer. It is reported that the transfer of assets related to Dongfang Shenghong was the business measures incorporated into the work plan this year after the company's strategic adjustment last year. The purpose is to peel off the inefficient assets of traditional business before the reorganization and focus on the main business. After the disposal of inefficient assets, the company has no inefficient assets that have nothing to do with the main business.

In fact, in order to cope with the fluctuations in the industry cycle, especially in order to avoid the impact of the price fluctuations of upstream raw materials on corporate performance, Dongfang Shenghong has been committed to achieving a "integrated" business pattern in recent years. The profit-PX-PTA-polyester filament "to increase the company's ability to resist risks on upstream.

In the first half of this year, many projects in Dongfang Shenghong have been densely discharged. At the same time, other plans to be constructed and under construction disclosed in the semi -annual report are being promoted on schedule. The company plans to be put into operation next year and later.

Autonomous research and development breaks the monopoly POE and EVA dual -line merger.

POE (polyolefin elastomer) is a random cluster of two monomers of ethylene/α-olefin. It has good low temperature tough toughness and easy heat plastic processing. , Foam, adhesive and other fields. In recent years, the high -speed growth of emerging industries such as lightweight in automobiles, plastic -generation steel, photovoltaic, and artificial grass has driven the explosive growth of POE demand.

Especially for the photovoltaic industry. Under the background of the "carbon neutralization", the rapid development of the photovoltaic industry has significantly driven the development of photovoltaic glue film. The POE demand has gained significant growth, and the product market has better prospects. According to statistics, in 2021, my country's POE consumption is about 640,000 tons, of which the demand in the photovoltaic field accounts for 40%, and the automotive market accounts for 26%.

According to statistics from relevant agencies, the global POE production capacity in 2021 was about 1.58 million tons. Because foreign companies have patented the catalyst required for the production of POE, and the process technology of high-carbon alpha-olefins that produce important raw materials for production of POE are tightly blocked. At present Mobil and other foreign companies, there are no companies in the country to produce POE products industrialized.

As a national high -tech enterprise and the leading domestic new energy and new materials research and development enterprises, Silbon Petrochemical launched the independent research and development of POE key technology in September 2020. After more than a year of science and technology research, the R & D team has completed the research of Mao metal catalysts and key aggregate technology, and developed a Chinese test technology, and built a set of middle -trial devices from catalyst to the full process of extruded granules.

Bai Wei, President of Shenghong Petrochemical Industry Group and general manager of Silbang Petrochemical, said that the trial device in the 800 -ton/year POE is completed and put into production, which realizes that the POE catalyst and a full set of production technology are completely autonomous and can provide technical support for industrial production devices to provide technical support for technical support The accumulation of experience, and accelerating the process of industrialization of my country's POE, filling the gap in the industry, also marked the further improvement of enterprises' research and development capabilities and high -end products, and will continue to lead my country's new energy material industry.

As a leading production enterprise in the domestic EVA photovoltaic film material, Silbang currently has 300,000 tons/year photovoltaic EVA production capacity. The company is actively promoting the construction of 700,000 tons/year EVA project. The tons level, the global market share will exceed 40%. According to Bai Wei, Silbang Petrochemical is planning to build a 500,000 tons/year POE photovoltaic film material project to create a large -scale photovoltaic new material chain with horizontal coverage and chain extension to meet the development of my country's new energy industry development of photovoltaic membrane materials Strong demand. POE and EVA dual -line go hand in hand, Silbon Petrochemical is accelerating to the goal of "creating the world's leading photovoltaic film material industry base".

Excerpt the new energy project of inefficient assets to accelerate the layout

Under the framework of the company's future development strategy, Dongfang Shenghong peels off inefficient assets, focuses on the main business, and accelerates the proposed construction and construction of projects under construction.

On September 21, Dongfang Shenghong issued an announcement saying that six assets of the company's name and wholly -owned subsidiaries were transferred to Suzhou Shengze City Organic Update Development Co., Ltd., and the transaction price was 1.088 billion yuan. The target of this transfer includes the company's Xinda Building, Shengze Town, Wujiang District, Suzhou City, the original market management committee building, the sample factory and the Silk Co., Ltd. Real Estate and the wholly -owned subsidiary. , Logistics Center assets.

In this regard, Dongfang Shenghong said that according to the company's "1+N" future development strategy, that is, the rich raw materials provided by the integrated and advanced production capacity of refining and chemical integration, focusing on the development of new energy and new materials. The original inefficient assets related to traditional businesses before reorganization in 2018 needed to be divested in order to highlight the company's strategic direction and main business, and accelerate the layout of new energy and new materials projects. The work was the operational measure of this year's work plan after the company's strategic adjustment. After the disposal of inefficient assets, there is no inefficient assets that have nothing to do with the main business. It is worth mentioning that in the secondary market, Dongfang Shenghong also moved.

On May 18th, Dongfang Shenghong's 27.68 billion shares fixed -rate limited sales will be listed on the market, accounting for 46.55%of the total share capital ratio. It is understood that the restricted sales of the ban involved Sheng Hong Technology, the company's largest shareholder. Shenghong Technology had made a commitment to reduce its holdings and must follow the promise until July 26, 2023. Extending the lock -up period of lifting shares shows the controlling shareholders' confidence in the company's future and operation.

In May this year, Dongfang Shenghong announced that Shenghong Refining (Lianyungang) Co., Ltd. 16 million tons of refining and chemical integrated projects were put into operation.

It is understood that the total investment of the project is about 67.7 billion yuan, which is the private manufacturing project with the largest investment amount in Jiangsu Province. Specifically, the project designs a crude oil processing capacity of 16 million tons/year, and the scale of the combined device of aromatics is 2.8 million tons/year (with the output of dyshayne). The maximum constant pressure device. It is currently in the whole process.

Dongfang Shenghong said that this refining and chemical project was smoothly expected to drive, on the one hand, it marked the company's construction of the "crude oil refining-PX/ethylene-PTA-polyester-chemical fiber" entire industry chain integrated operation pattern; on the other hand, It will help the company to accelerate the implementation of the "1+N" development strategy, comprehensively promote the transformation of strategic emerging industries, and form a "integrated" business pattern of core raw material platforms+new energy, new materials and other diversified industrial chains.

It is reported that the Lianyungang Petrochemical Base has planned 40 million tons of refining capacity in the middle and long -term. In addition to the first phase of 16 million tons, it was invested and constructed by Dongfang Shenghong.

In addition, in the first half of this year, the company released a number of projects such as 800 tons of polyolefins (POE), 20,000 tons of polyethylene, ethyleneol+phenol/acetone. These projects will be put into operation one after another from the end of this year to the first half of tomorrow. Dongfang Shenghong said that other plans to be constructed and under construction disclosed in the semi -annual report are being promoted on schedule, and it is planned to be put into operation next year and later.

It is worth noting that recently, many institutions have stated in the research report that they are optimistic about the future development prospects of Oriental Shenghong and given a "buy" rating. The BOC Securities Chemical Team said that based on the continuation of the company's EVA product prosperity, the refining and chemical business expanded in an orderly manner, and maintained the buying rating; China -Thailand Securities believed that in 2022 The company's downstream products provide a large -scale petrochemical raw material guarantee platform. The company has formed the structure of integrated operation and development of "refining and polyester+new materials" to obtain the profit of the entire industry chain and effectively enhance the company's bargaining and anti -risk capabilities. In addition, as the photovoltaic industry continues to be highly superimposed with technical barriers, the prospects of photovoltaic EVA are good, and the company will continue to benefit as the leading industry.

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