Planet Graphite (688633) issued a notice on December 15, 2021, saying: Shen Wanlingxin Fund, Cinda Securities and Shanghai Yuhuang Investment will investigate our company on December 14, 2021.
The main contents of this survey are as follows:Q: what is the market space for main products such as synthesis furnaces, towers, heat exchangers, etc.
Answer: the company's main business is the research and development, production, sales and maintenance services of graphite equipment. The graphite synthesis furnaces, heat exchangers, towers and supporting systems prepared by the impregnation graphite process are mainly used to serve downstream customers in the fields of chlor-alkali, pesticides, medicine, silicone, fine chemicals, three wastes treatment and so on. At present, our main application fields are waste heat recovery from solid waste incineration, waste acid treatment and coal chemical industry. at present, the expansion of waste acid treatment scene is more urgent, and the company has participated in the production of titanium dioxide from sulfuric acid to hydrochloric acid for the first time in the industry. In the future, the treatment of environmental protection waste acid will be one of the fields deeply cultivated by the company, including the treatment of waste acid in smelting industry, the treatment of waste hydrochloric acid in fine chemical industry, the treatment of dilute sulfuric acid and wastewater in titanium dioxide industry, etc. With the national attention to environmental protection, there is a large market space in the field of environmental protection waste acid treatment. according to the company's previous project experience, for every 100000 tons of waste acid, at least 5 million yuan of graphite equipment is needed. In the next 3-5 years, if the treatment of 30% waste acid is estimated to have a market space of more than 1.5 billion, the company will further optimize the core technology of waste acid treatment in the future. Enhance the market competitiveness of products. In addition, some environmental protection enterprises that undertake solid waste incineration need the company's hazardous waste incineration graphite system. According to public data, the capacity of hazardous waste incineration reached 6.16 million tons per year in 2018. According to the company's existing user data, about every 10,000 tons of incineration scale corresponds to a set of waste heat recovery furnace, it can be roughly estimated that the market space of waste heat recovery synthesis furnace is more than 600, and the overall market demand is relatively strong. The equipment needed in the process of hazardous waste incineration accords with the characteristics of high temperature resistance, corrosion resistance, energy saving and safety of graphite synthesis furnace. The company already has the experience of successful implementation of waste heat recovery project of hazardous waste incineration, which needs to be expanded widely. The company established Nantong Planet Graphite Co., Ltd. Shanghai Branch to actively expand overseas markets and expand the field of application.
Q: what are the current import substitution products of the company?
A: the company has a number of core technologies and actively reserves advanced technologies that represent the development trend of the industry. Among them, the efficient recovery and utilization technology of waste heat from the graphite hydrochloric acid synthesis plant of the company has carried out innovative design in the aspects of graphite steel replacement, graphite component design and overall structure design, which effectively improves the thermal conductivity and thermal energy utilization efficiency of the materials. it solves the problems of sealing leakage caused by low heat utilization and inconsistent thermal expansion coefficient in the process of hydrogen chloride synthesis. The company's technology is in a leading position in the industry. according to the relevant instructions of China Chlor-Alkali Industry Association, for three consecutive years, the market share of the company's combined by-product steam graphite hydrogen chloride synthesis furnace ranks first in China. According to the instructions issued by the China Industrial anticorrosion Technology Association, the company's technical products are novel, the comprehensive technology has reached the international advanced level, and the import substitution of synthetic furnaces has been realized. it has made a great contribution to promoting the overall manufacturing level of graphite chemical equipment in China.
Q: is the frequency of technical iteration of the product high? what is the current proportion of R & D investment and the trend in the next two to three years?
Answer: the company's main products are graphite synthesis furnace, graphite heat exchanger, graphite tower and other types of graphite equipment and related accessories. In addition to the existing products, combined with the development trend of the industry and future development planning, the company has successively stored the core technologies such as graphite material improvement technology, carbon fiber graphite tube technology, all-graphitized pipe and so on. The company's technological innovation revolves around how to better serve customers in an orderly manner, combined with the characteristics of customized products, to provide practical solutions for customers in chlor-alkali, organosilicon, pesticides, pharmaceuticals and other fields. at the same time, the company is actively developing customers in the fields of environmental protection and waste acid, industrial high-temperature incineration and coal chemical recycling to provide customers with more quality services. The production process of graphite equipment is relatively complex, which requires high quality of raw materials, difficult to control production stability, many product specifications and models, and high correlation degree of application scenes, which leads to high technical difficulty and high threshold of the industry. The company also jointly led the formulation of the ISO23222 "corrosion Control Engineering Lifecycle risk Assessment", which was approved by the vote of the 164member states of the International Organization for Standardization (ISO). In 2019, the company was listed as one of the first 248specialized and special small giant enterprises in the country. In 2020, the Ministry of Industry and Information Technology of the people's Republic of China issued the notice of the China Federation of Industry and economy of the Ministry of Industry and Information Technology on issuing the list of the fifth batch of manufacturing individual champions and the second batch of manufacturing individual champion enterprises (products) that passed the review. The company was selected into the fifth batch of manufacturing individual champion demonstration enterprises. In the future, with the rapid development of chlor-alkali, medicine, pesticide, organosilicon and three waste treatment industries, higher requirements will be put forward for the application of common key technologies such as green energy-saving production process development, integration and large-scale production equipment, process control automation and so on. Graphite equipment products with high performance, low cost and better comprehensive performance are needed.
Q: what is the current status of the Inner Mongolia project?
A: the company has set up a subsidiary Inner Mongolia Planet New material Technology Co., Ltd., which specializes in the production and R & D of special graphite materials in Wulanchabu, Inner Mongolia. The aim is to expand to the upper reaches of the industry, carry out deep processing of graphite materials, further enrich the company's product structure, and form new profit growth points. The company's new graphite raw material production project is progressing smoothly. At present, the molding process has completed equipment debugging and trial production, and the remaining processes are being built in accordance with the project plan. The company will speed up the progress of the project and disclose the progress to the majority of investors in a timely manner.
Q: the company's future development strategy at home and abroad
A: the company is committed to the formation of graphite equipment and systems as the core, graphite material production as the basis, maintenance services as the basis, materials, equipment, systems and services support, depend on and promote each other in the future. to form a four-in-one industrial pattern of "materials, equipment, systems and services".
Planet Graphite's main business: research and development, production, sales and maintenance services of graphite equipment, providing customers with various types of graphite equipment and corresponding accessories, such as graphite synthesis furnace, graphite heat exchanger, graphite reaction tower, etc.
According to the third quarterly report of Planet Graphite 2021, the company's main income was 374 million yuan, up 13.09% from the same period last year; the net profit was 86.4731 million yuan, up 21.2% from the same period last year; and deducting 73.8581 million yuan from non-net profit, up 11.17% from the same period last year. In the third quarter of 2021, the company's main income in a single quarter was 129 million yuan, up 17.28% from the same period last year; and the net profit in a single quarter was 32.6517 million yuan, up 52.52% from the same period last year. The non-net profit in a single quarter was 25.5429 million yuan, up 21.83% from the same period last year; the debt ratio was 25.32%, the investment income was 5.7442 million yuan, the financial expenses were-760800 yuan, and the gross profit margin was 41.91%.
In the last 90 days, the stock has been rated by one agency and one by buying; in the past three months, the net outflow of financing has been 15.2129 million, and the financing balance has decreased; the net outflow of securities has been 17.8428 million, and the balance of securities lending has decreased. According to the Securities Star valuation analysis tool, Planet Graphite (688633) has a rating of 3 stars, a good price rating of 1.5 stars, and a comprehensive valuation rating of 2.5 stars. (rating range: 1-5 stars, up to 5 stars)