The Three Workshop Of Organic Lilies Leads To Fire. The Revenue In The Three Quarter Was Over 1 Billion Last Year.

Lily group Limited by Share Ltd (hereinafter referred to as "lily") engaged in the research, production, sale and service of organic pigments and related intermediates, revealed in the evening of March 17th, around 19:22 pm on March 16th, the fire disaster occurred in the flour mill area of the 4 floor of the three workshop of the company, with an area of about 500 square meters, and four floors of three workshops, 5259 square meters.

After the fire broke out, employees of the company, fire department and other related departments were fighting to save the fire. At 21:53 that night, the fire was basically extinguished.

Lily said that the accident did not cause casualties, no environmental pollution accidents and secondary disasters. The direct property loss caused by the fire accident was confirmed by the relevant departments of the company. The remaining workshops of the company were not affected by the accident. The accident did not have a major impact on the normal operation of the company.

Lily said that the related assets involved in the fire accident were covered by the property insurance company. The insurance company had accepted the company's report and was handling the relevant procedures for nuclear damage compensation.

Lily is a leading enterprise specializing in the production of high performance and traditional azo organic pigments. Its products are widely used in middle and high grade printing ink, paint and plastic coloring.

The main products of Lilium include organic pigments and intermediates, and organic pigments account for more than 94% of revenue.

In 2017, the company's organic pigment revenue was 1 billion 425 million yuan, accounting for 94.31% of revenue, which is the main source of profit for the company.

In 2017, due to the commissioning of No. 5 workshop, the production and sale of 4.4- chloro -2, 5- two methoxy aniline (4625) and naphthol series resulted in a substantial increase in the sales of intermediates, and the median operating income was 77 million yuan, an increase of 192.67% over the same period last year.

In the 2011-2017 year, the business income of lilies increased from 1 billion 99 million yuan to 1 billion 511 million yuan, the annual compound growth rate was 5.45%, and the net profit from mother to mother increased to 133 million yuan from 89 million yuan, with an average annual compound growth rate of 6.92%.

Three quarterly reports show that in the first three quarters of 2018, lilies realized operating income of 1 billion 356 million yuan, an increase of 24.78% over the same period last year, achieving a net profit of 151 million yuan, an increase of 74.70% over the same period last year. The company's income and profit growth rate showed an accelerating trend.

In the single quarter, the net profit of the company in the three quarter of 2018 was 63 million yuan, up 124% from the same period last year.

From the point of view of business, organic pigment is the main source of lilies' revenue and profit. In 2017, the total sales of organic pigments totaled 32 thousand and 300 tons, an increase of 2.79% compared with the same period last year, achieving a profit of 1 billion 425 million yuan, an increase of 7.57% compared with the same period last year, and the volume of organic pigment business increased. However, it was subject to the rapid rise in the price of raw materials, lags in the price adjustment of lilies, and the decline in gross margins was serious, dragging down the overall performance of the company.

The intermediate is another big business of lilies. In 2017, the intermediate business of the company benefited from the increase in lilies' new capacity and achieved a high growth rate. In 2017, the total production of Lilium intermediates totaled 12699.3 tons, up by 32.8% over the same period last year; sales of 1307 tons, up 75.6% compared to the same period; the sales revenue reached 77 million 441 thousand yuan, up 192.7% over the same period last year, and the main reason for the production of intermediates was much larger than that of sales. Most of the intermediates of the company were retained for their own use and the stable supply of core materials was achieved.

After many years of development, lilies are currently under the jurisdiction of Lilium, Xuancheng, Hangzhou and Hangzhou. Among them, Lily Colin is a joint venture invested by the company in 2004 with Colin (one of the top three pigment producers in the world). The company holds 51% rights of Lilium, and Lily is mainly engaged in the production and sales of high performance azo organic pigments and quinacridine pigments.

It is reported that lilies currently have 35 thousand and 300 tonnes of organic pigments, including 20 thousand tons of parent company capacity, 5500 tons of Lilien controlled subsidiary, 5500 tonnes of Xuancheng pigment produced by a wholly owned subsidiary, and 5000 tons of environment-friendly organic pigments produced this year.

In addition, the company has 3000 tons of high-performance organic pigments under construction. If the project is completed, the production capacity of lilac organic pigment will reach 38 thousand and 300 tons.