Wansheng: Revenue in the first half of the year is 1.8 billion yuan, and new projects continue to advance
Latest News: On August 22, Wansheng Co., Ltd. released its 2022 semi-annual report. The annual report shows that in the first half of 2022, Wansheng achieved operating income of 1.795 billion yuan, a year-on-year decrease of 8.12%; net profit attributable to shareholders of the listed company was 239 million yuan, a year-on-year decrease of 44.25%; earnings per share was 0.4500 yuan.
According to the announcement, Wansheng has been focusing on the production, research and development and sales of functional fine chemicals since its establishment, and is the world’s most important producer and supplier of phosphorus-based flame retardants. The company’s products can be divided into five series: flame retardants, functional daily chemical additives, amine additives, catalysts, and coating additives, all of which belong to the new field of functional fine chemicals. The products are mainly used in “rigid needs” industries closely related to daily life. .
The content of the announcement shows that in the process of research and development, production and sales for more than 20 years, the company has always taken technological innovation as the fundamental driving force for enterprise development, adhered to a differentiated development strategy, and continuously launched new products to meet the needs of different customers. The main products of phosphorous-based flame retardants include polyurethane flame retardants (polyurethane flexible foam flame retardants and polyurethane rigid foam flame retardants), engineering plastic flame retardants, and more than 20 major varieties. The products are mainly used in automobiles, electronic appliances, network communication equipment, construction and furniture and other fields, enjoying high brand influence and reputation in the industry. It has established long-term cooperative relations with well-known domestic and foreign companies such as Bayer, Dow Chemical, Covestro, BASF, SABIC, Kingfa Technology, Huntsman, Lotte and so on in many countries and regions. In the future, the market demand for BDP and other engineering plastic flame retardants will continue to grow. The company will actively deploy industrial chain integration, expand production scale and reduce costs depending on the industry situation.
During the reporting period, the company applied for 13 invention patents, 5 utility model patents, 10 authorized invention patents and 18 utility model patents. Completed more than 20 research and development work on polymer additives, thermosetting polymers, and daily chemical toiletries. The company drafted or participated in the “Flame Retardant Chemicals Bisphenol A-Bis(diphenyl Phosphate)”, “9,10-dihydro-9-oxa-10-phosphinophenanthrene-10-oxide (DOPO)” ” The formulation of many industry and group standards such as flame retardant modified PA6 plastic particles” and “crude cardanol”. Taizhou Municipal Human Resources and Social Security Bureau approved the establishment of a “post-doctoral innovation practice base” in the company, which is conducive to enhancing the company’s scientific and technological innovation capabilities and core competitiveness, and promoting the integration of production, education and research.
During the reporting period, Wansheng Co., Ltd. has completed the public offering related matters, and the raised funds have been fully in place by the end of March 2022, which provides a solid foundation for accelerating the construction progress of the “integrated production project of functional new materials with an annual output of 319,300 tons” in Weifang, Shandong. financial security. As of the disclosure date of the report, the factory building and supporting facilities of Weifang production base are in steady progress; the company invests in Shandong Hanfeng to expand and lock the production capacity of phosphorus trichloride, phosphorus oxychloride, phosphorus pentachloride, etc., which will help to comprehensively extend the industrial chain, Reduce production costs and provide a stable supply of core raw materials for the future production base in Weifang, Shandong. As of the disclosure date of the report, the Shandong Hanfeng production base is already in trial production.