Zhongtai Chemical(SZ:002092)2022-11-23 06:58Group 1: Market Overview - In 2020, the PVC market was significantly impacted by the pandemic, leading to low operating rates for foreign enterprises and a shift of orders to domestic suppliers [2] - By Q4 2020, PVC and PVC product exports peaked, with social inventory reaching historical lows, resulting in a gradual price increase [2] - Global supply shortages are expected to increase due to production disruptions in North America caused by natural disasters [2] Group 2: Company Strategy - The company has completed the transfer of 60% equity in Shanghai Multi-Industry to focus on chlor-alkali chemicals and enhance its core business development [2] - The major asset restructuring has been approved by the board, shareholders, and the Shenzhen Stock Exchange, with ongoing efforts to advance related work [2] Group 3: Project Development - In June 2018, the company and Zhongtai Group participated in the Jin Hui Zhao Feng project through capital increase, with the company holding a 27.40% stake and Zhongtai Group holding 7.80%, totaling 35.20% [3] - The total investment for the project is 400 million yuan, with the company currently preparing for the construction of a 1 million ton PVC circular economy project [3]