Huiyun Titanium Industry (300891) issued a notice on December 28th, 2021, saying that Wu Xinran of GF Securities Co., LTD. Co., Ltd. investigated our company on December 27th, 2021.
The main contents of this survey are as follows:Q: what are the competitive advantages of the company?
Answer: 1. Yunfu City, Guangdong Province, where the regional advantage company is located, is a resource-based city, which is known as "sulfur capital of China" and "stone capital of China". It is one of the three major cement bases in Guangdong Province. Yunfu is one of the important polymetallic mineralization concentration areas in China, in which the reserves and grade of pyrite rank first in the world. relying on the rich regional resources of pyrite, the production of sulfuric acid provides sufficient raw materials and reduces the production cost of sulfuric acid. the expensive transportation cost of dangerous chemical sulfuric acid is saved. The special location and rich local resources provide titanium dioxide production enterprises with comprehensive recycling and production convenience. The company pioneered and formed a complete "sulfur-titanium-iron-calcium" circular economy industry chain. Yunfu is located in the central and western part of Guangdong Province, with developed land and water transportation, and has the largest inland river port in Guangdong-Yunfu Porto Novo, which is convenient for the transportation of the company's products, raw materials and export of products. 2. The characteristic circular economy industry chain advantage company takes "developing circular economy and creating green future" as its mission, adopts clean co-production of sulfuric acid process to produce titanium dioxide, is a regional leading titanium dioxide enterprise with unique circular economy advantages. The company adheres to the principle of "reduction, reuse and resource utilization". The stone powder produced by local stone processing is used for the synthesis of waste acid, and the resulting titanium gypsum is turned into a by-product and sold to the local cement plant as a retarder. Relying on the rich local pyrite resources in Yunfu City, closely combined with cement, stone and other pillar industries, a complete "sulfur-titanium-iron-calcium" circular economy industrial chain has been formed, which is the first in China to realize waste treatment and comprehensive utilization of resources. improve economic and environmental benefits, is China's first "sulfuric acid titanium dioxide clean production and circular economy industrial chain demonstration base". 3. Product quality and brand advantages the company's products have good quality and brand effect, and the trademark of "Bai Yuying" has been named "famous Trademark of Guangdong Province". The company's titanium dioxide products are widely used in coatings, plastics, chemical fiber, cosmetics, food, medicine, electronic industry, micro-electromechanical and environmental protection industry and other industries. The company's products have the advantages of "uniform particle size distribution, high whiteness, blue phase, high brightness, high purity, high hiding power, high dispersibility and high stability". It has also passed the certification of European regulations REACH, and the products are sold well all over the country and exported to Portugal, Russia, Singapore, South Korea, Vietnam, Malaysia and other places. 4. Talents and innovative R & D team advantage companies regard technological innovation as the foundation of survival, development and growth, and continue to increase investment to enhance the company's ability to research and develop the production and application of all kinds of titanium dioxide. The company has established "Guangdong Provincial Enterprise Technology Center" and "Guangdong" sulfur-Titanium-Iron-calcium "Industrial Engineering Technology Research Center". It has a strong R & D team to improve the application performance of the company's products and product research and development. to provide inexhaustible power for the company's development.
Q: how is the company's work on safety and environmental protection?
A: the company adheres to the concept of green development, attaches great importance to environmental protection, builds its core competitiveness on the basis of circular economy and environmental protection, and is recognized as a cleaner production enterprise in Guangdong Province by Guangdong Cleaner production Association. The company firmly implements the national and local laws and regulations on environmental protection, and the pollutants produced in the production process include waste gas, waste water, solid waste and noise, etc., with regard to the treatment of various pollutants, the company has set up reasonable treatment facilities and treatment procedures, formulated a sound management system and strict standard operating procedures, actively developed pollutant treatment technology and applied it in production. Efforts have been made to reduce the discharge of the three wastes in the production process, and strict and standardized measures have been taken to deal with the main pollutants discharged. Throughout the year, the company pays close attention to the work of safety and environmental protection, and carries out a number of safety training activities and special training to improve employees' safety awareness and prevention skills.
Q: how does the company view the current development of the global titanium dioxide industry?
A: in recent years, the global titanium dioxide industry as a whole has maintained a steady momentum of development. From the perspective of global market competition, the market concentration of titanium dioxide industry is relatively high. In addition, major titanium dioxide production enterprises in the world are also through mergers and acquisitions to further enhance market concentration. As far as China is concerned, benefiting from the guidance of industrial policy, especially under the guidance of supply-side structural reform in recent years, the titanium dioxide industry is accelerating the elimination of the production capacity of backward enterprises and optimizing the competitive environment in the industry. make titanium dioxide price return to a reasonable range, and help to enhance the overall competitiveness of China's titanium dioxide industry, domestic production technology has made obvious progress, and product quality has been improved. As a result, the proportion of substitutes for foreign products is increasing year by year, and the proportion of exports is also increasing year by year, which conforms to the development trend of the global titanium dioxide industry.
Q: what is the technical situation of Huiyun Titanium Industry?
A: the company regards technological innovation as the foundation of survival and development, continues to increase investment, and buys more advanced R & D, production and testing equipment from home and abroad, which not only enhances the company's ability to research and develop the production and application of all kinds of titanium dioxide in hardware, but also provides a strong guarantee for the company's R & D technological innovation, production continuity and product stability. The company has been awarded as "National contract-abiding and Credit-honoring Enterprise", "National High-tech Enterprise", "Guangdong Provincial Enterprise Technology Center", "Guangdong 'sulfur-Titanium-Iron-calcium' Industrial Engineering Technology Research Center", "Guangdong Resources Comprehensive Utilization leading Enterprise", "Guangdong Cleaner production Enterprise", Huiyun Titanium products won the title of "Guangdong famous Brand products". Relying on the platform of provincial enterprise technology center and engineering technology research center, the company adopts the combination of technology introduction and independent innovation to strengthen its own technology reserve and technology research and development strength in all aspects. The company has its own continuous acidolysis technology with its own intellectual property rights, which has the advantages of stable reaction, easy automatic control, good operating environment, safe and reliable, which not only reduces the emission of toxic and harmful gases, but also achieves stable, controllable and fully up-to-standard emissions, more effectively saves the consumption of raw materials and resources, and reduces the cost of production. The research and application of the company's micro-pressure hydrolysis technology, calcination technology and coating technology further improve and ensure the product quality. The pyrite sulphuric acid production line of Yehua Chemical, a subsidiary of the company, adopts the advanced pickling closed cycle technology and "30002" two-to-two-absorption pyrite sulphuric acid production technology, which improves the conversion and absorption rate of sulfur dioxide and sulfur trioxide in the process of sulphuric acid production, and basically realizes the low discharge of sulphuric acid production tail gas and the "zero" discharge of pickling wastewater.
Huiyun titanium owner business: research and development, production and sales of titanium dioxide products
According to the third quarterly report of Huiyun Titanium Industry in 2021, the company's main income was 1.151 billion yuan, up 72.66% from the same period last year; the net profit was 173 million yuan, up 168.77% from the same period last year; and the non-net profit was 174 million yuan, up 180.51% from the same period last year. Among them, in the third quarter of 2021, the company's main income in a single quarter was 427 million yuan, up 76.2% from the same period last year; the net profit in a single quarter was 64.1255 million yuan, up 265.55% from the same period last year The non-net profit in a single quarter was 62.7412 million yuan, up 266.69% from the same period last year; the debt ratio was 27.54%, the investment income was 858100 yuan, the financial expenses were 67400 yuan, and the gross profit margin was 26.48%.
The stock has no agency rating in the last 90 days. In the past three months, the net outflow of financing was 62.0154 million, and the financing balance decreased; the net outflow of securities was 254000, and the balance of securities lending decreased. Securities Star valuation analysis tool shows that Huiyun Titanium (300891) good company has a rating of 3 stars, a good price rating of 1 star, and a comprehensive valuation rating of 2 stars. (rating range: 1-5 stars, up to 5 stars)