Juhua shares highlight the development of fluorine chemical industry
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Juhua Co., Ltd. is a representative of the rising performance of the fluorine chemical industry. “The reason for the company’s profit to grow exponentially is mainly to seize the opportunity for the downstream demand of fluorinated workers to flourish and to give full play to the advantages of the company's fluorochemical industry and the chlor-alkali chemical industry chain and synergy effects, thus creating the best performance in the historical period.†Juhua Liu Yuhua, chief executive officer of Juhua, told reporters. Juhua's main business includes fluorine chemical and chlor-alkali chemical. In the first half of the year, the proportion of the company's operating profit in total profit increased year-on-year, which was caused by the substantial increase in the profitability of the main products. Among them, the sales revenue of fluorinated industrial products reached 1.54 billion yuan, accounting for 66% of the company's total sales, and increased gross profit by nearly 400 million yuan.
The fluorine chemical industry has a good development environment in the first half of this year. According to reports, the number of refrigerants used in products such as air conditioners, refrigerators, and automobiles has grown rapidly under the drive of domestic home appliances to the countryside. At the same time, due to the gradual phase-out of traditional refrigerants in Europe and the United States and the shut down of supporting chlor-alkali plants, the production capacity of methane chloride has been reduced, and the price of raw materials has risen, which has limited the operating rate of small refrigerant companies, and has resulted in Juhua’s R22 (difluorochloromethane), The price and profit of fluorine products such as R134a (tetrafluoroethane) also rebounded significantly. The current tonnage of both products is at a relatively high level in recent years. At present, the production capacity of the Juhua Group's two products is 100,000 tons/year and 18,000 tons/year, respectively. After the company's R134a equipment is rebuilt and expanded this year, the production capacity will be increased to 28,000 tons/year.
In the first half of this year, the company focused on the development of the core industry of fluorinated workers. Based on market changes and demands, the company took advantage of the opportunity to launch 20 "short-term fast" competitive industrial projects. For example, the 28,000-ton/year HFCs technical transformation and expansion project and the 50,000-ton/year TCE (trichloroethylene) expansion project have entered the chemical feeding trial stage, and the main unit of the 460,000-ton/year ion-exchange membrane caustic soda technical reform phase I project has begun trial production. Adds stamina to the development of the company.
Liu Yunhua emphasized that in order to advance the adjustment of product structure, optimize asset quality and enhance profitability, the company eliminated diaphragm caustic soda and polyvinyl chloride units in the first half of the year. At the same time, in the face of market opportunities in the first half of the year, the company gave full play to the matching and synergistic effects of the fluorine chemical industry and the chlor-alkali chemical industry chain, ensuring that high-yield, high-yield products of profitable products were produced, and some of the products with losses were limited in production under the premise of production balance, so that the company The industrial chain's competitive advantage has been effectively brought into play, creating the best performance in the historical period.
Industry analysts believe that the prospects for the future development of fluorinated industrial enterprises such as Juhua are still optimistic, and the price increase of fluorinated industrial products lasts at least until the third quarter. At present, Juhua is actively expanding into the field of deep processing of fluorine materials, through independent research and development and acquisition of giant St. Fluorine Chemical Project, gradually covering PTFE, FEP and other products, extending the fluorine chemical industry chain, and improving product comprehensive addition. value.
On August 13, Juhua also announced four investment announcements, namely fluoropolymers and HFCs, 7.2 tons/year of new fluorine refrigerant projects, and sulfuric acid plant recycling economy standardization pilot project, 8,000 tons/year. The PVDC (polyvinylidene chloride) plant technical transformation project totaled 681 million yuan. Juhua will strengthen the competitive advantage of the fluorine chemical industry chain and promote structural adjustment and industrial upgrading.