As the first listed company in the Jiujiang region of Jiangxi Province to successfully attend the conference since 2010, Chenguang New Materials (605399.SH) disclosed its 2021 annual performance forecast on the evening of January 13. The company expects that the net profit attributable to shareholders of listed companies in 2021 will be 518 million to 543 million yuan, a year-on-year increase of 306.09% to 325.69%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is expected to be 510 million to 510 million yuan. 535 million yuan, a year-on-year increase of 339.33% to 360.86%.
The performance forecast pointed out that in 2021, the main reason for the substantial increase in performance is the company's perfect industrial chain and circular economy system, which ensures the high efficiency, environmental protection and stability of the company's product production. The changing market environment, focusing on the main business, took effective countermeasures, strengthened internal management, and actively explored domestic and overseas markets, and achieved good results.
According to public information, the main business of Chenguang New Materials is the research and development, production and sales of functional silane basic raw materials, intermediates and finished products. According to different functional groups and structures, it is divided into aminosilane, epoxysilane, chloropropylsilane, sulfur-containing silane, orthosilicate, methacryloyloxysilane, vinylsilane, alkylsilane, hydrogen-containing silane, etc. , widely used in composite materials, rubber processing, plastics, adhesives, coatings, building waterproofing and surface treatment and other fields.
Chenguang New Materials pointed out in the 2021 semi-annual report that the improvement of safety and environmental protection requirements in the chemical industry and the government's active promotion of supply-side structural reforms have promoted the upgrading of the functional silane industry, and the characteristics of large-scale, integrated and regionalization are gradually obvious. The supply and demand pattern of the functional silane industry has been effectively improved, and some enterprises in the industry with small scale, high energy consumption, poor technical process level, and high safety and environmental protection risks have been compressed. The combination of factors such as the increase in industry concentration, tight effective supply and rising raw material prices has led to a period of tight supply and demand in the functional silane industry. In addition, under the economic development environment of the effective control of the new crown epidemic and the recovery of the world economy, external unfavorable factors have been effectively released, market expectations have stabilized, market inventory pressure has decreased, downstream customers have increased stocking, and the previous market downturn has eased. Product prices and export sales are expected to show a recovery growth trend.
Judging from the disclosed financial data, 2021 may be the most profitable year for Chenguang New Materials over the years.
Jiemian reporters noticed that in recent years, support for the development of new silicon-based materials has also increased. The National Development and Reform Commission issued the "Industrial Structure Adjustment Guidance Catalogue" (2019 version), which included "phenyl chlorosilane, vinyl chlorosilane and other new silicone monomers, phenyl silicone oil, amino silicone oil, polyether modified silicone oil, etc. , phenyl silicone rubber, phenylene silicone rubber and other high-performance silicone rubber and hybrid materials, methyl phenyl silicone resin and other high-performance resins, triethoxysilane and other series of high-efficiency coupling agents”, “Silicon tetrachloride, "Comprehensive utilization of by-products such as monomethylchlorosilane and trimethylchlorosilane" is included in the "encouraged category". In June 2019, the National Development and Reform Commission issued the "Catalogue of Industries Encouraged for Foreign Investment (2019 Edition)", which included "development and production of new silicone downstream products", "silicon rubber", "adhesives and sealants", etc. Catalogue of Foreign Investment Industries".

　The trend of the secondary market shows that the market value of Chenguang New Materials has responded to the company's excellent performance. In the whole year of 2021, the stock price of Chenguang New Materials has risen by 126.66% cumulatively, and has changed hands by 2386.35%. The current stock price is also much higher than the high point at the time of listing.