Source of this article: Times Business School Author: Hua Qiu
Text/Hua Qiu
On October 26, China Resources Chemical Materials Technology Co., Ltd. was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange, the stock is referred to as China Resources Materials, the stock code is 301090, so far, the number of "China Resources" listed companies has reached 14.
As a subsidiary of Cr Resources in the field of science and technology and emerging industries, China Resources Materials is mainly engaged in the research and development, production and sales of polyester materials and new materials, and is a global leader in polyester materials.
China Resources Materials said that the company has been focusing on high-performance polymers, high-performance fibers and composite materials, the future will continue to strengthen scientific and technological research and development and technological innovation, and constantly improve the level of equipment technology and technology, open up new application areas, develop high value-added products, and strive to achieve the strategic goal of "excellent enterprises with international competitiveness in the field of polymer materials".
It has been deeply cultivated for nearly 20 years, and its production capacity ranks among the top in the world
Polyester bottle flakes have non-toxic, tasteless, good transparency, high strength, light weight, good barrier performance, easy to process and dimensional stability and other excellent characteristics, and with the development of social economy and the improvement of people's living standards, polyester bottle flakes have gradually become people's preferred packaging materials, in food, beverages, cosmetics, pharmaceuticals and other fields have been widely used.
According to CCF data, from 2014 to 2019, the global polyester flake production capacity increased steadily, from 27 million tons to 33.21 million tons. Among them, with the rapid growth of China's economy, China's polyester bottle flake production capacity has jumped to the first place in the world, and the proportion of production capacity has increased from 28% in 2014 to 32% in 2019. With the continuous progress of science and technology, new polyester materials and emerging fields based on PET continue to emerge, showing a broad market space and great development potential.
According to market research institute Frost & Sullivan data, it is expected that China's soft drink market will maintain growth in the next 5 years, and the market size will increase from 991.4 billion yuan in 2019 to 1.32 trillion yuan in 2024. Therefore, it is expected that the growth of the soft drink market in the future will bring a large market demand for polyester bottle flake products, especially in the areas of packaged drinking water, functional drinks, coffee drinks and other areas with fast growth.
As a leading enterprise in China's polyester bottle flake industry, the company's production of "Hualei" brand bottle grade polyester slice color value is good, ash, acetaldehyde content is low, the product processing range is wide, the yield rate is high, and it enjoys a high reputation in the domestic and foreign markets, and the main customers include Coca-Cola, Dingjin, Wahaha, Yibao, Nongfu Shanquan and other well-known large-scale beverage enterprises at home and abroad. At present, the company has a production capacity of 1 million tons / year and 600,000 tons / year of polyester bottle flakes in Changzhou, Jiangsu and Zhuhai, Guangdong, respectively, with a total production capacity of 1.6 million tons / year, ranking among the top five in the world and the top three in China.
In the domestic market, CR Materials has become a partner of mainstream well-known beverage enterprises including Coca-Cola, Dingjin, Wahaha, Yibao, Nongfu Spring and so on. In the overseas market, CR Materials' products have been exported to Central Asia, Europe, South America, Africa and other regions, which is one of the first polyester bottle chip manufacturers to enter the Japanese beverage packaging market, in 2018, the company became the first in China to obtain the French Danone Group Evian mineral water polyester bottle chip supplier certification enterprises, enjoying a high reputation in the domestic and foreign markets.
With excellent quality, strong cost control ability and excellent production technology level, CR Materials has maintained a strong comprehensive competitiveness, and in recent years, the net profit attributable to the mother and the gross profit margin of the product have shown a stable upward trend. From 2018 to 2020, the company's net profit attributable to the mother increased from 441 million yuan to 629 million yuan, and the gross profit margin of the main business polyester bottle flake business increased from 9.43% to 14.09%, with remarkable operating results.
Continue to increase scientific and technological innovation and cultivate new growth points in performance
With the continuous iterative update of consumer demand, the requirements of the field of new materials in terms of green, quality, comfort, and technology are becoming more and more stringent, and the technology is constantly upgrading.
Scientific and technological innovation ability is one of the key indicators to measure the core competitiveness of polyester bottle flake manufacturers, with a strong ability to innovate in science and technology is conducive to polyester bottle flake manufacturers to keep up with the trend of scientific and technological development, break through the core technology, with high-quality products to win the market and customer recognition.
All along, CR Materials has adhered to scientific and technological innovation and has the courage to challenge technical problems. The company has a research institute of new chemical materials, helping the company to lead the industry in polyester product technology. With advanced and perfect equipment and professional talent team, the Institute of New Chemical Materials has continuously achieved rich scientific and technological innovation achievements. The company has 80 full-time R & D personnel, including 6 doctors and 14 masters, many of whom have worked in multinational R&D institutions or studied abroad experience. Up to now, the company has won 1 "National Science and Technology Progress Second Prize", "Jiangsu Province Science and Technology Progress Second Prize", and has 50 patents, including 11 invention patents and 15 invention patents under review.
While focusing on scientific and technological innovation, CR Materials continues to optimize product capabilities and cultivate performance growth points. In the field of polyester bottle flakes, the company continuously optimizes and improves the performance of polyester flakes according to market demand. The company has set up a polyester material research center in the Research Institute of New Chemical Materials, and carried out a series of new technologies, new processes and new products research and development and applications centered on polyester bottle flakes, including "high-translucent and high-brightness polyester materials", "high-flow polyester materials", "high barrier polyester materials", "titanium catalyst projects", "rPET polyester flake recycling". These projects have successively entered the stages of small test, pilot test, industrialization feasibility study, etc., and will effectively enhance the competitiveness of the company's products in the future.
It is worth mentioning that China Resources Materials, relying on independent research and development and supplemented by cooperative research and development, has mastered a series of core technologies in the field of polyester bottle flakes, and the relevant core technology achievements have been successfully applied to the mass production of the company's products, effectively improving product quality and enhancing product market competitiveness. The new products developed by it are at the leading level in China, and many of them have reached the international advanced level, filling the domestic gap. For example, the new titanium catalyst developed by the company is used to replace the antimony catalyst, and the polyester products prepared with it are green and environmentally friendly. In addition, the fast heat-absorbing polyester developed by the company effectively reduces the preheating time of the preforms of the downstream blowing factory, saves energy and reduces consumption, and improves production efficiency, which plays an important role in the rapid development of downstream manufacturers.
The help of capital has opened up space for the subsequent expansion and expansion of enterprises. The projects raised by China Resources Materials in this listing include the third phase of Zhuhai CR Materials' annual output of 500,000 tons of polyester, Zhuhai CR Materials' 100,000 tons/year PETG special polyester project, R&D test sites and supporting projects and supplementary working capital. After the successful implementation of the fundraising project, the company's annual production capacity of polyester bottle flakes will reach 2.1 million tons, and the production capacity scale will continue to rank in the forefront of the industry, while the company will become the first petG special polyester supplier in China and the third in the world, which can greatly promote the company's strategic goal of "excellent enterprise with international competitiveness in the field of polymer materials" and further consolidate the company's business advantages.
China Resources Materials said that the company will take the A-share listing as an opportunity, take the company's development strategy as the guide, and consolidate and enhance the company's dominant position in the polyester bottle flake industry through the implementation of the investment project of the raised funds, help the company improve its market competitiveness, win more market share, increase new profit growth points, continue to enhance the company's value and maximize the interests of investors.