Taihua New Materials released a record of investor relations activities on September 25. The company was surveyed by 76 institutions on September 21, 2023. The types of institutions were QFII, insurance companies, others, fund companies, overseas Institutions, securities companies, and sunshine private equity institutions. Introduction to the main contents of investor relations activities:
1. Progress in the construction of production base in Huai'an, Jiangsu The first phase of the company's "Green Multi-Function Nylon New Material Integration Project" has two projects, namely the 100,000-ton recycled differentiated nylon yarn project and the 60,000-ton PA66 differentiated nylon yarn project. Project (PA66 differentiated nylon yarn project has a planned production capacity of 120,000 tons, and the first phase will build 60,000 tons first). The first phase of the project will start construction in early 2022, and trial production will begin in April 2023. The project is currently advancing as planned. It is expected that After all production capacity is released in the first half of 2024, it will open up new growth space for the company's future development.
2. Performance of the company's nylon 66 and product added value The company's new generation of high-performance nylon 66PRUTAC has higher strength, better wear resistance, better hand comfort and better bright colors than conventional nylon materials. Features such as strength and durability provide more possibilities for upgrading clothing and home furnishings. Nylon 66 has superior performance, high added value, and higher price and gross profit margin than conventional products. As the domestic leader of nylon 66, the company has many years of technical accumulation of nylon 66, and has formed leading advantages in product research and development, talent team, management experience, customer resources, etc.
3. Nylon 66 customer development and application fields In recent years, the company has been committed to customer expansion. The excellent product performance of nylon 66 has been widely recognized by downstream customers, and the number of customers has increased significantly. Nylon 66 is widely used in outdoor sports, yoga, underwear, leisure business, down jackets and other fields. In addition to civilian clothing, the company also has a certain accumulation of customers in industrial applications and special applications.
4. Nylon 66 raw material situation With the localization and scale-up of adiponitrile, the supply pattern of nylon 66 slices is changing, and the original tight supply and demand situation will gradually improve.
5. Improvement of the company's brand image The company has established a brand center, designed a new logo, established a new strategic positioning, and promoted the company's brand by holding brand conferences, participating in domestic and foreign exhibitions, fashion weeks, industry association activities, media, etc. image.
6. The yield rate of nylon 66. Through the efforts of the company's production technology team and continuous improvement of the production process, the company's nylon 66 yield rate has been significantly improved compared to when it was put into production, reaching the industry's advanced level. Based on the company's years of technology accumulation and equipment optimization, the nylon 66 yield rate of Jiangsu Huai'an production base is expected to improve and it is expected to have better performance.
7. The second phase of the PA66 differentiated nylon yarn project is expected to be constructed with an annual output of 120,000 tons of PA66 differentiated nylon yarn. The overall plan will be implemented in phases. The second phase of 60,000 tons will be determined based on market conditions, funding conditions and other factors, and will be promoted at an appropriate time.
8. The company’s regenerated nylon products The company’s regenerated nylon PRUECO has outstanding environmental protection value and gradually solves the closed-loop recycling method of “from waste fiber to fiber, from waste nylon consumer goods to nylon clothing”, which is in line with the direction of policy encouragement and the concept of sustainable development of downstream brands, and has been obtained It has been widely recognized by downstream brands. As people's awareness of environmental protection continues to increase, the demand for recycled materials continues to expand, and recycled products are beginning to be welcomed by consumers. The company's recycled nylon products have high added value and command a relatively high premium over virgin nylon products.
9. Technical situation of the company's regenerated nylon The company's physical regenerated nylon is limited by raw materials and other factors, and the production capacity has reached a bottleneck. The Jiangsu Huaian production base uses chemical regeneration nylon technology to obtain caprolactam monomer through depolymerization. It uses caprolactam to repolymerize to obtain high-quality spinning-grade chips, and then melt-spinning to prepare various specifications of regenerated nylon fibers to promote the high value of waste textiles. use.
10. Production, sales, revenue and profitability of the company's main products. The company's main business covers the entire industrial chain of nylon spinning, weaving, dyeing and finishing. It adheres to the high-end route and differentiated development direction. As domestic supply and demand gradually recover, the company's main products The capacity utilization rate and production and sales rate of nylon filament, gray fabrics and finished fabrics remain at a high level. In recent years, the company has increased investment in nylon spinning, especially differentiated products. As the company's nylon spinning project is gradually put into production, nylon filament has become the main source of the company's sales revenue and gross profit.
11. Source and supply of recycled raw materials The company’s recycled raw materials mainly include waste silk, waste blocks, scraps, and post-consumer fishing nets from the nylon production process. The company has laid out raw material recycling channels to ensure the supply of recycled raw materials. With the advancement of technology and national policy support, the sources of waste will gradually expand. Investors visited the company's Jiangsu Huai'an production base to learn about the company's production processes and main products.
微信扫一扫打赏
