Q1: The progress of the company's 16 million tons of refining and chemical integration project.
A: The refining and chemical integration project is currently progressing in an orderly manner, and it is expected to be put into trial operation at the end of the year.
Q2: What is the progress of the second phase of refining?
A: Lianyungang Petrochemical Base as one of the seven major petrochemical bases in the country, the planned refining and chemical capacity of the base is 40 million tons, if possible, the company will strive to apply for the second phase of the refining and chemical project in accordance with the national policy and park planning.
Q3: Co2 green methanol project and the expected scale in the future?
A: Silbon and Iceland Carbon Cycle International Company cooperate in the carbon dioxide to green methanol project, the project scale is expected to be 150,000 tons of carbon dioxide to 100,000 tons of methanol. The construction period takes about 2 years.
The carbon dioxide to green methanol project is in line with China's carbon neutrality policy and can effectively reduce carbon dioxide emissions. The project discharges carbon dioxide through the collection of Shenghong refining, and the hydrogen produced by-product of the Silbon PDH project is made into methanol, and the methanol is resupplyed to the Sierbang MTO device as a raw material to form a recycling and reuse, and the two main raw materials carbon dioxide and hydrogen can be completely self-supplied, truly realizing the closed loop of the entire industrial chain.
Q4: Silbon injection time?
A: The restructuring of Sierbang is still in the process of being promoted, and the company's goal is to complete it as soon as possible. It is currently awaiting review by the SFC.
Q5: What are the reserve projects in Sierbang?
A: In the future, Sierbang will build a million-ton EVA production base at lianyungang petrochemical base through new EVA production capacity. Silbon, an acrylonitrile material, already has a production capacity of 520,000 tons, and will add 520,000 tons in the future, forming the world's largest acrylonitrile production base. Q6: What is the future demand for photovoltaic EVA?
A: From the perspective of supply and demand, EVA demand benefits from the rapid growth of the downstream photovoltaic industry installed capacity, this year according to the agency forecast global photovoltaic installed capacity is expected to be 160GW, 2022 is expected to increase by 50 ~ 60GW to reach more than 200GW, the corresponding photovoltaic grade EVA new demand is expected to be 200,000 to 300,000 tons, only rely on the existing photovoltaic EVA production capacity is difficult to meet. Therefore, we judge that supply and demand will remain tightly balanced in the future.
Q7: What are the main difficulties in the production of photovoltaic-grade EVA? A: The VA content in the photovoltaic grade EVA needs to reach 28%, if the tubular process is more difficult, in addition, the photovoltaic grade EVA has many indicators, such as crystal point, melt index, etc. also to meet the standard, the most critical is that if the tubular method is used to produce photovoltaic EVA, the continuous and stable production of the device is more difficult, and some production devices cannot mass-produce photovoltaic EVA because of frequent parking maintenance and cleaning.
Q8: How long does the PV EVA need to be stopped for maintenance, and how long is it about to stop? A: At present, the Sierbang tubular device can be continuously and stably produced for half a year, and it takes about ten days to stop and repair.
Q9: What is the current filament operation of the company?
A: Due to the comprehensive factors such as power rationing in September, the production and marketing of filaments and the price difference are general, but from October to the present, sales and price trends are in line with the traditional law of gold, nine and silver. Q10: What is the specific planning of the biodegradable plastic project?
A: The first phase of the project is mainly PBAT. Relying on the raw materials produced by the Shenghong Refining and Chemical Integration Project, the construction of a maleic anhydride/BDO/PBAT integration project will be constructed.
Attached: Event Information Form
Investor Relations Activity Category
Target-specific research □ conference calls□ analyst meetings □ media interviews□ performance briefings □ press conferences□ roadshows □ on-site visits □ others
Reference unit name and person name
GF Securities - Tian Lemeng, Fan Zhuoyu, Donghai Securities - Liu Jun, Ma Ziqiang, Huaixin Investment - Peng Kangdi, Haifutong Fund - Zhao Yingzhou, Suzaku Fund - Zhang Xuan, Boshi Fund - Li Yue, SDIC UBS - Huang Zhicheng
Time
November 1, 2021 14:00-16:00
The name of the person received by the listed company
Deputy General Manager, Secretary of the Board of Directors - Wang Jun, Director of Investor Relations - Li Yang Securities Representative - Fan Jiajian
Investor Relations Activities Main Content Introduction
First, the company's operating situation: the company achieved operating income of 25.077 billion yuan in the first three quarters, an increase of 60.28% year-on-year, net profit attributable to shareholders of listed companies of 1.431 billion yuan, an increase of 506.65% year-on-year, and basic earnings per share of 0.3 yuan. The main reason for the growth of the company's operating income and profit during the reporting period was the increase in production capacity and sales volume, and the increase in the unit price and price difference of product sales. Among them, the company's main revenue in the third quarter was 9.386 billion yuan, up 52.36% year-on-year, and the net profit attributable to shareholders of listed companies was 283 million yuan, up 63.94% year-on-year. At the end of the third quarter, the total assets reached 102.382 billion yuan, and the owner's equity attributable to the shareholders of the listed company was 19.575 billion yuan. 2. Q&A session
List of attachments
not
date
November 1, 2021
(This article was completed by the Securities Times e company writing robot "Kuaishou Xiaoe".) ）