ZANYU TECHNOLOGY(SZ:002637)2022-12-06 05:12Group 1: Company Overview - Zanyu Technology Group Co., Ltd. acquired 60% of Hangzhou Green Pu Chemical Technology Co., Ltd. for 33.6 million yuan in December 2016 [1] - The company focuses on industrial cleaning, anti-corrosion lubrication, metal processing additives, and other safety intermediates [1] Group 2: Investment and Financials - The industrial merger fund recently acquired 29% of Huanxin Tianda Meihuan Environmental Technology Co., Ltd. for 145 million yuan and contributed 120 million yuan for capital increase, resulting in a 41.45% stake [1] - In 2016, the company’s external sales revenue was 43,647.60 million yuan, accounting for 10.01% of total revenue [3] Group 3: Business Segments - The company has expanded its daily chemical production bases to 14, with a 22.27% year-on-year increase in daily chemical product sales in 2016 [2] - The company’s oil chemical capacity is 800,000 tons, with a market share exceeding 1/3 of the domestic usable capacity [2] - The comprehensive gross margin for 2016 was 12.71%, an increase of 2.51 percentage points from the previous year [3] Group 4: Risk Management - The company manages raw material price fluctuations through inventory adjustments and futures hedging to mitigate market risks [2] - The gross margin for the testing business was 50.90% in 2016, a decrease of 6.95 percentage points due to increased market competition [3] Group 5: Future Outlook - The expected net profit for the first half of 2017 is between 40 million and 58 million yuan, influenced by the acquisition of stakes in Nantong Keita and Indonesia Duku Da [3]