The Dyestuff And Intermediates Are Served By BASF And Crow, And Net Profit Exceeds 100 Million Yuan In 2019.

Anshan seven color chemical Limited by Share Ltd (hereinafter referred to as "colorful chemistry") released the 2019 performance forecast in the evening of January 17th. It is estimated that the net profit of the company in 2019 is 106 million yuan to 112 million yuan, compared with 105 million yuan in the same period last year, an increase of 1% to 6% over the same period last year.


For the change of company performance during the reporting period, the seven color chemistry explained that during the reporting period, the company actively responded to the complex economic situation at home and abroad, and continued to promote scientific and technological innovation, marketing at home and abroad, product structure optimization, production and operation, and information management, etc., effectively promoting the sustained and healthy development of the company, further strengthening the core position of the core market in the main business area, and operating steadily.


Public information shows that the seven color chemistry is a leading manufacturer of high performance organic colorants in China. It specializes in the research, production and sales of high performance organic pigments (HPP), solvent dyes and related intermediates. The main products include benzimidazole series, etc. the company and its subsidiaries have 27 patents and are in the dominant position in the domestic industry.


The leading customers of the seven color chemistry include BASF, Switzerland, Colin, Germany, lanxon, Japan ink, Nippon, PPG coatings, Valspar coatings, American Puli Wan, Japan Kansai coatings, Milliken, Huntsman, Hangzhou Xin Kai and so on.


The seven color chemical dyes series are mainly solvent dyes. The specific products include solvent green 5, Solvent Red 195, solvent orange 63, solvent yellow 98. Solvent dyes are mainly processed from raw materials such as intermediates, 1,8- naphthalene anhydride and so on. They are mainly used in coloring of various plastics and plastics, with high heat resistance, bright colors and excellent fastness to light. Solvent green 5 is a strong green yellow oil soluble fluorescent dye. It has excellent heat resistance (1/3SD PS heat resistance up to 300 degrees) and light resistance, high coloring power and strong fluorescence. It is suitable for coloring various hard plastics and resins. It can be used as traffic warning color and can also be used for oil product color separation. Solvent Red 195 is a red oil soluble dye with blue light. It has excellent heat resistance (1/3SD PS heat resistance up to 300 degrees Celsius) and light resistance, and its high coloring power is its outstanding feature. It is mainly used for coloring ABS, PC, PBT, PS, PVC, PP, PS, PET plastics and rubber, especially for Yu Chao fine denier fiber raw coloring.


The intermediates of seven color chemical production include AABI, AMBI, 1, 8- naphthalene anhydride, and intermediate dyes and pigment intermediates. They are mainly used in the synthesis and production of organic pigments such as benzimidazole series. The company's self produced intermediates guarantee the stable supply and stable quality of organic pigments, and enhance the market competitiveness of organic pigments. The products are of high purity and advanced technology, and the cost and the "three wastes" are well controlled.


According to the results of the report, in the past 2015-2018 years, the operating income of colorful chemicals was 370 million yuan, 440 million yuan, 550 million yuan, and 611 million yuan respectively, and the scale of revenue continued to grow. In the three quarter of 2019, the colorful chemical business income was 510 million, an increase of 10.8% over the same period last year. During the reporting period, the gross profit margin of the company was 36.6%, basically maintaining the previous year's level, with a net interest rate of 19.6%, an increase of 1 percentage points over the same period last year.


Huang Jingwen, a Southwest Securities analyst, said that the main business of seven color chemistry is the research, production and sale of high performance organic pigments, solvent dyes and related intermediates. Choosing the same production of organic pigment lilies and anthraquinone dyes and solvent dyes, the company can be seen as a comparable company. From the historical financial indicators, it is obvious that the unit price of the company's products is high and its profitability is relatively high. Combined with the current business layout and rhythm of the seven color chemistry, taking into account the high-end positioning of the company, facing the competition with the International Pigment leader, and having the advantage of intermediate integration, there will be huge room for growth in the future.


The first prize fund of colorful chemistry is 620 million yuan for new project construction. It is mainly used for cleaner production of high grade fine polyester fiber dyestuff, high light fastness solvent dye and dyestuff intermediate, clean production project of high light fastness organic pigments and series intermediates (phase I), high-efficiency clean catalytic aromatic nitrile products and organic pigment expansion project with high climate fastness (phase I), Gao Naishai's fastness high resistance to climate fastness organic pigment research and development center expansion project, automation and information expansion project, and repayment of bank loans and supplementary liquidity.