On September 15, 2021, Shuangxing New Material (002585) issued an announcement: Fang Jing, Sun Yang, Li Shaoqing, China Post Venture Fund Management Co., Ltd. Cao Si, Yin Ling, Ban Tao, Tang Qi, Lv Yiwen, He Yiguang of Great Wall Fund Management Co., Ltd., Lv Xiaojiu of Yuanle sheng Asset Management Co., Ltd., Du Fan of Ordinary (Shanghai) Investment Management Co., Ltd., Zhou Jing of Ordinary (Shanghai) Investment Management Co., Ltd., Liao Huanhuan of Industrial Fund Management Co., Ltd., Xiao Bin of Industrial Fund Management Co., Ltd., Zheng Zhongtian of Wanjia Fund Management Co., Ltd., Li Lu of Tianhong Fund Management Co., Ltd., Chen Jun of Shibei Investment Management Co., Ltd., Sun Lin of Shenwan Lingxin Fund Management Co., Ltd., Wang Xiuping of Shanghai Yude Investment Management Center, Wang Li of Shanghai Panjing Investment Management Center, Zeng Jianfei of Qianhai Open Source Fund Management Co., Ltd., Zhou Yating of Qianhai Open Source Fund Management Co., Ltd., Ji Qingbin of Ping An Fund Management Co., Ltd., Chen Zhuo of Southern Fund Management Co., Ltd., Zou Yinlong of Southern Fund Management Co., Ltd., Gao Yang of BOCOM Schroder Fund Management Co., Ltd., Li Denghu of Jianxin Fund Management Co., Ltd., Shao Zhuo of Jianxin Fund Management Co., Ltd., Xu Tingquan of HSBC Jinxin Fund Management Co., Ltd., Sang Yongliang of Huaxia Jiuying Asset Management Co., Ltd., Sun Yijun of Huaxia Fund Management Co., Ltd., Li Xuetao of Huatai Berry Fund Management Co., Ltd., Li Zhengrong of Hang Seng Qianhai Fund Management Co., Ltd., Wu Zhiqiang of Ifing Fund Management Co., Ltd., Wells Fargo Fund Management Co., Ltd. Zeng Xinjie, Fengjing Capital Management Co., Ltd. Chen Hualiang, Dingtian Investment Duan Ziwei, Beijing Evergreen Foundation Technology Management Co., Ltd. Liu Yuru, Anxin Fund Management Co., Ltd. Tan Juena, Anxin Fund Management Co., Ltd. Chen Weiguo, CITIC Industrial Fund Lu Ting, Zhaoyuan Tonghe Asset Zhao Shuang, CMB Wealth Management Zhu Zhuangming, Yongtuo Investment Wang Jia, Yihe Jiufu Jiang Renfei, Yihe Jiufu Luo Yuntao, Yihe Jiufu Min Hongwei, Xingye Chen Junzhe, Tao Tao Capital Ma Xiuzhun, Shunshida Asset Du Jisheng, Capital Securities self-operated Wang Xiansen, Quantitative Thinking Song Wenjia, Junmao Capital Li Shouqiang, Superstar Group Wang Lili, Jinsong Capital Lin Xinkui, Huaan Insurance Fei Teng, Hongshi Capital Qi Liyong, Hongshi Capital Yang Hailong, Hengyue Zhao Jiong, Haijie Investment Zhang Xiong, Guosen Securities Jiang Ming, Guanghui Yuancao Haizhen, Fenghe Investment Gu Zhiye, Chunhou Fund Wu Ruozong, Brose Asset Zhou Yin, Anxin Securities Liu Wenwen on September 14, 2021 to investigate our company, this survey was received by Chairman Wu Peifu.
The main contents of this survey are:
1. Introduction to the company's operation The company firmly implements the 2021 annual business plan, focuses on the grand strategy of serving the development of the country, and promotes the development of new materials in strategic emerging industries. Continue to increase investment in R&D innovation, strengthen market expansion, enhance team building and talent training, improve the overall service capabilities and technical level, and promote the company's business to achieve rapid growth. The new materials market in the five major sectors continued to grow, and the growth momentum of optical materials and new energy materials was strong. New orders signed increased significantly from the same period last year and exceeded the order scale of the same period last year, creating a record high. With the increase in sales volume, the company accelerated the installation, commissioning and production of new production lines, and the sales of new production lines further improved the efficiency. The company has made a forecast for the operating results for January to September 2021: net profit is expected to be 946 million yuan - 968 million yuan, an increase of 110% - 115% year-on-year.
2, the company's new production capacity in the third quarter is mainly concentrated in which product categories Answer: The company's new production capacity is mainly concentrated in optical materials, and other sectors are also constantly optimizing the product structure and doing a good job in capacity allocation and adjustment.
3, the company's 500,000 tons of high-function membrane project production line release: The company actively grasps the construction of the project, steadily promotes the installation, commissioning and production of new production lines, and has been put into production since April 2021, of which some production lines have contributed part of their production capacity after a period of climbing. The launch of new production capacity has strongly supported the market, and the scale advantage will provide a solid foundation for the company's future performance growth.
4, the company's MLCC production, sales answer: the company's MLCC development as early as three years ago has been laid out, research and development progress continues to accelerate, the current products are mainly sold abroad, the volume of steady improvement, product quality benchmarking international, domestic substitution accelerated.
5, the company's current order situation answer: the company's overall product sales to maintain steady growth, the five major sectors of the year-on-year growth rate accelerated, 3 through the active and in-depth implementation of the "three-legged Standing" marketing strategy, the international and domestic market continued to expand, around the key areas, regional markets and key large households, accurately formulate marketing strategies, grasp the sales rhythm, continue to play a characteristic regional market pulling role. The company's current order delivery cycle is long, the production line is full of production and sales, the scheduling is more than 3 months, and it is also full of confidence in the market next year.
The main business of Shuangxing New Material: optoelectronic new materials, optical films, solar cell back film, polyester capacitor film, polyester industrial substrate; Polymer composite material technology research and development; Production of packaging materials, sales of chemical materials (except chemical dangerous goods); Printing of packaging and decoration prints, printing of other printed matter; Operate the export business of the company's self-produced products and technologies; Operate the import business of raw and auxiliary materials, instruments and meters, machinery and equipment, spare parts and technology required for the production and scientific research of the enterprise (except for commodities and technologies that are restricted by the state to operate by the company and prohibit import and export by the state); Engaged in incoming material processing and "three to one supplement" business. General cargo transport by road.
According to the 2021 interim report of Shuangxing New Materials, the company's main revenue was 2.641 billion yuan, up 23.1% year-on-year; the net profit attributable to the mother was 604 million yuan, up 160.28% year-on-year; the non-net profit was 576 million yuan, up 173.43% year-on-year; the debt ratio was 19.53%, the investment income was 9.2652 million yuan, the financial expenses were 3.4731 million yuan, and the gross profit margin was 33.73%.