Hello everyone, I am Chu Shan Jun.
First of all, to share with you, recently many small partners asked Chu Shan Jun whether there is a QQ group? Here must be clarified, Chu Shan Jun himself has not used QQ for a long time, so there is no QQ group and the like, if someone uses the Chu Shan Jun QQ group to induce everyone, it must be a liar, please report it directly.
In addition, the WeChat public account is more than a number of Li ghosts, only "Chushan Investment" is my public account, and the other four are all Li ghosts.
No way, there are too many scammers, and everyone must pay attention to investment risks. Chushanjun currently has three public accounts, one is Chushan Investment, mainly writing hidden champions, investment ideas and the like; one is an A-share hidden champion, focusing on sharing right stocks; one is Chushan reading financial reports and focusing on financial reports.
Due to limited energy, the current time spent on the A-share hidden champion is more, but the effect is also very good, and the proportion of a monthly increase of 50% is estimated to be more than 30%. The right stock is really the result of Chu Shanjun's painstaking efforts for so many years.
This year's main line is the price increase, Chu Shanjun also shared the price increase logic of Jinhe Industry last week, at present, the stock price only reflects part of the price increase expectations, and there is still a lot of room in the future.
But this was not the case at first, he turned out to be a chemical company. From the perspective of the industrial chain, the existing chemical industry in the transformation of sweeteners, itself has an upstream and downstream relationship. Methanol, a coal chemical product, is a raw material for sucralose and methylethyl maltol.
Although the company has divested part of its chemical business, the business related to the industrial chain remains in the body of the listed company. The company still has a large number of chemical products production capacity, such as melamine 60,000 tons per year, nitric acid 120,000 tons per year, liquid ammonia 120,000 tons, sulfuric acid 300,000 tons, hydrogen peroxide 350,000 tons and so on.
Therefore, the chemical business has always been one of the focuses of Jinhe Industry, accounting for 42% of the revenue contribution in the first half of 2021 and a gross profit of 250 million, which is also a small contribution.
However, in 2021, when chemicals soared, the company's chemical business performance in the first half of the year was average, which does not mean that the second half of the year is also average. For example, melamine, the current price has been 17,000, the average price last year was less than 6,000 yuan, the average price in the second half of the year was 16,000, the profit in the second half of the year will be more (1.6-0.6) * 6/2 = 300 million.
The current price of nitric acid is 2800 yuan, the average price in the second half of the year is expected to remain at 2800 yuan, the average price last year was almost 1800 yuan, which is 1000 * 12 / 2 = 0.6 billion.
Another example is sulfuric acid, the average price last year was 200 yuan, the current average price is 800 yuan, the extra 300,000 tons * 600/2 = 0.9 billion. Wait, the sharp rise in the stock price of Jinhe Industry should not reflect the price increase of the chemical business, which needs to be excavated by other institutions. Of course, the core is the price increase of acesulfame and sucralose, sucralose is currently 8,000 tons, the current price is 280,000 per ton, the average price last year was 210,000, the difference was 70,000, and the annualized increase was 560 million.
Acesulfame potassium 12,000 tons, the average price last year was 60,000, the current 75,000, an annualized increase of 180 million. More importantly, the price increase of the company's products has just begun, and there is still a lot of room for follow-up, and there is almost no reflection on the stock price. It's worth a look.