shenjian gufen(002361)2022-12-06 08:54Group 1: Company Overview - Anhui Shenjian New Materials Co., Ltd. specializes in chemical new materials, particularly polyester resins, which are categorized into outdoor and mixed types [2][3] - Outdoor polyester resins are used in outdoor metal equipment, including home appliances, construction materials, automobiles, agricultural machinery, engineering machinery, and highway guardrails, offering excellent corrosion resistance and aging resistance [3] - Mixed polyester resins are applied to indoor metal surfaces, such as home appliances and electronic products, known for their good leveling and superior decorative performance [3] Group 2: Financial Performance - In 2015, the company sold 110,000 tons of polyester resins, achieving a revenue of 1.18 billion yuan and a net profit of 117 million yuan, representing a growth of 34.85% compared to the previous year [3] - The company aims for a revenue growth of 10-15% in 2016, despite a challenging domestic economic environment and intense competition [3] Group 3: Subsidiary Performance - The subsidiary, Xi'an Jiaye Company, provides tooling, structural components, and assembly products for the aerospace and rail transportation industries, holding military-level confidentiality qualifications [4] - Performance commitments for Xi'an Jiaye Company are projected at 31.5 million yuan, 41 million yuan, and 51 million yuan for the years 2015, 2016, and 2017, respectively [4] Group 4: Market Outlook - The domestic polyester resin market is expected to maintain slow growth with stable prices, while the company's gross profit margin is anticipated to improve due to better customer integration and increased sales management efficiency [3] - The chemical new materials sector is projected to continue its steady growth in 2016, despite ongoing competitive pressures and low prices in the chemical materials market [4]