In the first half of this year, Sanyou Chemical's soda ash industry and the exhibition chlor-alkali industry continued to expand vigorously, and the production pattern of “two alkalis” was gradually formed, which increased production and efficiency. The semi-annual report released by the company today shows that operating income was 1.69 billion yuan in the first half of the year, operating profit was 220 million yuan, total profit was 220 million yuan, and net profit was 150 million yuan, an increase of 46.12%, 110.65%, 111.29%, and 95.62% year-on-year respectively. ; Earnings per share of 0.28 yuan.
“Two Alkali Coalition” gradually formed under the guiding ideology of “horizontal development to expand economies of scale, vertical development to achieve industrial chain integration, and diversified operation across industry development”. Sanyou Chemicals continued to consolidate and expand soda ash production capacity on the one hand, on the other hand Vigorously develop the chlor-alkali industry, and the production pattern of “two alkalis” has gradually taken shape. In the first half of the year, the company produced 812,800 tons of soda ash, 28,900 tons of calcium chloride, 56,000 tons of caustic soda and 57,800 tons of polyvinyl chloride, which further strengthened the economies of scale and realized a substantial increase in revenue and profits.
In the first half of the year, three of the three projects under construction of Sanyou Chemicals entered the trial phase, and it is expected to further increase the production capacity of related products in the second half of the year. These three projects include the project of double 200,000 tons of pvc and caustic soda, the calcium chloride expansion project and the second phase of thermal power project. Among them, pvc and caustic soda double 200,000 tons will be commissioned by the end of June this year. The PVC system will be commissioned at the beginning of July; the calcium chloride expansion project has completed a project schedule of 92.89%, and 50,000 tons/year granular anhydrous calcium chloride plant. The trial is in progress, and 60,000 tons/year granular calcium chloride dihydrate plant is under construction; the second phase of the thermal power project has completed 89.15% of the project's progress and is now put into trial operation. Another newly added 20th and 21st carbonization tower project and the circulating water cooling system reconstruction project completed more than half.
In respect of energy saving and emission reduction, Sanyou Chemical has implemented seven energy-saving and emission reduction projects and eight projects are under implementation. The project is expected to be completed and effective within the year. Among them, the company's ammonia-alkali waste liquid and chlor-alkali calcium carbide slag comprehensive utilization project was included in the country's seventh batch of resource conservation and environmental protection projects in 2006, and it received a central government budget allocation of 10 million yuan.
The shortage of raw materials and the impact of export tax rebates are significant due to the reduction in the area of ​​salt fields and the continuous increase in the demand for raw salt; and the state has further increased efforts to rectify high pollution and high energy-consuming industries such as coal mining and coking, leading to the supply of raw materials such as raw salt of Sanyou Chemicals. tension. In order to consolidate the supply of raw salt, Sanyou Chemicals decided to develop direct supply households in Shandong in order to ensure stable supply of raw salt while consolidating local supply. At the same time, in order to further consolidate the existing supply of coke, Sanyou Chemical intends to provide the basis for direct supply households. On the other hand, we will nurture 1-2 main channels to balance the supply structure against market risks.
In addition, this year's adjustment of China's export tax rebate policy will also have an impact on the operation of Sanyou Chemicals. It is reported that since July 1, 2007, China's export tax rebate policy adjustment, Sanyou Chemical's soda ash export tax rebate rate was reduced from the original 13% to 0%, polyvinyl chloride product export tax rebate rate from the original 11% to 5%, this item The adjustment is expected to affect Sanyou Chemical's 2007 total profit of 46 million yuan. Sanyou Chemical stated that it will reduce the negative impact of the reduction in export tax rebate rates by increasing the export prices of products, further tapping potential and reducing consumption, and reducing production costs.

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