Shanghai Daoqin Plastics Co., Ltd.

3 month 15 day 晚间, can (600989) published 2019 year year 报, company 2019 year company achieve revenue 135.68 100 million, year-on-year growth 3.95%, 归母净 profit 38.02 100 million, year-on-year growth 2.88%. 截至2019 year 12 month 31 day, company assets 总额332.95 100 million yuan, relatively growth 24.10%, belongs to upper company shareholder has 者权益233.52 100 million yuan, relatively growth 70.67%. meanwhile company expected 2020 year revenue 163 100 million yuan.

revenue industry separation , industry revenue is 53.87 100 million yuan, chemical industry industry revenue is 81.38 100 million 元; from product 情况 看, product revenue large 头, is 63.7 100 million yuan.

宝丰 can also 公布 近三 year separation 红情况: its in 2019 year separation 红约41.07 100 million yuan , combined table/sheet in belongs to upper company shareholder profit ratio rate is 108.02%, separation force degree in A股 upper company in front 列.

poly 焦主业 晋 rise mono 体规模 most large made enterprise 行列

2019 year can 源持续 poly 焦主业, has plant/unit and new plant/unit production capacity, output/production volume improves. IPO募投 project rear 段——甲 alcohol made 60 10,000 tons / year plant/unit 于2019 year 10 month start production, company di year production capacity 翻番至120 10,000 tons, inner made polyolefin production capacity 10% above , formed is inner production most large made enterprise 之一.

through optimization process/workflow tube/pipe 控, achieve production 规模, efficiency di improves. main/primary product output/production volume 均创历 history new high . full year 一期烯烃 project output/production volume 70 10,000 tons, year-on-year increase 12%; 二期烯烃 project year 10 month start production, month reaching capacity, month new increase output/production volume 16.2 10,000 tons; output/production volume 455 10,000 tons, year-on-year increase 6%. 2020 year, can 源二期烯烃 project will achieve full year 满产, polyolefin output/production volume plan 125 10,000 tons, year-on-year growth 45% above.

提质 increase 效 打造煤 made 烯烃“ most low cost 曲线”

as is made process 路线 标杆 enterprise, can through research 引进试 use new type catalytic agent, optimization solution/scheme, technology process and other has reduce can consumption indicators, polyolefin product production cost ratio upper year reduce 约14%. alcohol use mono consumption reduce 6%; use alcohol mono consumption reduce 4.1%; use mono consumption reduce 3.3%, related indicators 均领先同业. cost reduce, output/production volume increase has 效抵御 product price lower for company effect/influence.

展望2020 year, can table/sheet 示, IPO募投 project front 段——焦炭 gas made 220 10,000 tons / year alcohol plant/unit engineering already 经完工, expected 2020 year upper semi year 投入运行, production alcohol will achieve full to; another, year production capacity 240 10,000 tons 红四煤矿 positive in start production 手续, start production rear will 进一步 improves 煤炭自 to rate, expected upper project in 2020 year has 望节约 cost 近11 100 million yuan.

空间 vast made 烯烃领军 enterprise high speed formed long

据卓创资讯 data, 2019 year, inner polyethylene (PE) production capacity 1906 10,000 tons, output/production volume 1794 10,000 tons, table/sheet 观消费 amount 3282 10,000 tons, supply and demand 缺口1488 10,000 tons, to 45%; polypropylene (PP) production capacity 2446 10,000 tons, output/production volume 2235 10,000 tons, table/sheet 观消费 amount 2550 10,000 tons, supply and demand 缺口315 10,000 tons, 缺口依靠 Imported 补充.

三期烯烃 project 规划烯烃 production capacity 180 10,000 tons / year, alcohol 600 10,000 tons / year, 焦炭300 10,000 tons / year, fine chemical industry product 57 10,000 tons / year, plan year construction start construction. project sleeve/set will sleeve/set 25 10,000 tons EVA plant/unit. EVA as is plastics in relatively is high product 之一, inner EVA product 依旧处于供不应求 状态.

meanwhile, can also 规划 300 10,000 tons / year 煤焦化 more project, project sleeve/set high 端差异化 product 针状焦. already 获政府备案同意, start production rear company year production capacity will to 700 10,000 tons, formed is China 独立焦化 enterprise in production capacity most large enterprise.

宝丰 can also will construction start construction photovoltaic electrical sleeve/set electrical understanding water made hydrogen project, new can and 现代煤 chemical industry industry 一体化 melt combined development new 模式, add fast new can substitute/replace can development 进程, 进一步 achieve 资源 清洁, high utilizing.

据测算, project full formed rear, can year production capacity will to: 烯烃300 10,000 tons, polyethylene (PE) 150 10,000 tons, polypropylene (PP) 150 10,000 tons, alcohol 1000 10,000 tons, 焦炭700 10,000 tons, fine chemical industry 135 10,000 tons. company will achieve polyethylene (PE), polypropylene (PP) product grade full cover/cap, 届时甲 alcohol year production capacity full alcohol year production capacity 10%, polyolefin related product production capacity to full year production capacity （包括 various production process generate di product ） 7%, 盈利空间 and resistant can force will large improves.