Melt Spray Cloth Is Too Hot! Last Year, Net Profit Only 4 Million 850 Thousand Of Xinlong Holdings Made 60 Million In The First Quarter.

Xinlong holding (Group) Limited by Share Ltd (hereinafter referred to as "Xinlong Holdings") announced the first quarter earnings announcement in April 14th. The company expects to achieve net profit of 40 million yuan -6000 million yuan for listed companies in the first quarter, an increase year on year. Ten point two eight Times - Fifteen point nine two Times.

For the performance changes in the reporting period, Xinlong holdings explained that: the main department affected by the epidemic, the production of medical, health protection products, raw materials, non-woven fabric market demand increased, as the focus of the epidemic prevention and control to protect enterprises, the company worked overtime to organize the production of the epidemic situation needed raw materials for protective materials, production and sales increased significantly.

This evening, Xinlong holdings released the 2019 performance bulletin, which showed that the company achieved operating income during the reporting period. Seventy-three thousand three hundred and sixty-three Point Four Zero Ten thousand yuan, slightly less than last year. 1.23% The net profit attributable to shareholders of listed companies is Four hundred and eighty-five point one six 000 yuan, an increase over last year 104.46% 。

Xinlong holding said that during the reporting period, the company focused further on its main business, strengthened the operation and management of enterprises in the three production bases of Hainan, Hunan and Hubei, and worked hard to improve quality, increase revenue and reduce costs.

According to public information, Xinlong holdings is the first manufacturer of spunlaced nonwovens in China. The main business of the company is the development, manufacture and sale of spunlaced, spunbonded and melt blown nonwovens (non-woven fabrics), processing, research and development, and sales of non-woven medical and health products.

Xinlong holdings currently has more than 10 production lines, including spunlace, SMS, melted spray, dyeing and finishing, and non-woven deep processing, and has speeded up the construction of Hunan Xinlong annual production line of 5000 tons SSS production line. At present, the project has been installed and entered the commissioning and acceptance stage.

During the epidemic period, the medical protective material production line of Hainan, Hubei and Hunan bases at Xinlong holding company has not ceased production during the Spring Festival holiday, and has been producing medical protective materials. Previously, two melted shotcrete production lines of the company produced about 4000000 medical masks for downstream production, and the company produced Nissan SMS non-woven fabrics for about 150 thousand sets of downstream protective clothing. At present, the company's melt blown products are mainly exported to Europe and Southeast Asian countries, Spunlaced products are mainly exported to Europe, Australia, Japan, Southeast Asia and the United States and other countries and regions.

Wang Qiang, an analyst with China Merchants Securities, said that the volume of melt blown non-woven fabric was very small in the whole nonwovens structure. In 2019, the capacity of China's melt blown fabric was 8-10 tons, while the domestic melt spraying cloth output was only Five point five 000 tons (less than 150 tons per day), accounting for only the entire non-woven fabric. 0.9% There are only about 10 enterprises in China that can produce melt blown materials at ordinary times. It is not only used for producing masks, but also for environmental protection materials, clothing materials, battery separator materials, and wiping materials.

From the usual year, 5 billion masks in 2019 showed that even if all the medical masks needed to melt spray cloth, their annual consumption of meltblown fabric was 5000 tons (about 14 tons per day), that is to say, in normal times, melt blown fabrics accounted for only non-woven fabrics. 0.9% However, the melting spray cloth of medical masks only accounts for about 10% of melt blown cloth, and the volume of melt blown non-woven fabric in the whole non-woven fabric is very small. Wei is indeed a niche industry.

Data show that in 2019, China's melt blown fabric production capacity 8~10 million tons, and domestic melt spraying cloth output is only Five point five Ten thousand tons, that is to say, there is a general agreement. Four point five Annual output of 10000 tons is not released from full production. In Wang Qiang's view, from last year's production of 5 billion masks, the amount of melted cloth used for masks was only 5000 tons per year, less than 10% of last year's consumption. Therefore, the fastest way to increase the use of melted cloth for masks is to increase the load and other transfer products. After all, the enterprises that have the capacity of "fire god mountain" to build new capacity of melt blown cloth are also like Sinopec's super strength enterprise.

Wang Qiang had previously predicted that if the output of 50 thousand tons of production and increased load was released, it would be converted to about 140 tons per day, plus the acceleration of some enterprises' overload and Sinopec and other powerful enterprises, which could support the recent daily production of mask in China. One point eight -2 billion.

But Wang Qiang said frankly, the bottleneck of masks production continues to go up to the top is still the middle part of the medical melt spray cloth, and the short-term support of the mask can be estimated at the Nissan bottleneck. One point six -2 million, the new melt blown cloth production capacity is a little far away from the water near the fire, the most close to the conversion of non medical melted spray cloth and some spunbonded non-woven fabrics, will be the next 2 months, the main incremental capacity of medical melted cloth. With the gradual resumption of the third industry and the gradual promotion of school resumption, it is still necessary to maintain the respirator for a period of time. This may also continue to increase the daily demand of mask. In addition, the low risk area can relax the mask appropriately in the low risk scenario. The mask demand will be offset to a certain extent in this way. The peak daily demand of mask may be lower than that of potential theory. One point five -2 million, the total daily demand will remain. One point five In the two quarter, the potential export capacity of masks will gradually increase as the number of stocks in China falls further and the situation improves.