Zhejiang Longsheng Group Co., Ltd. (hereinafter referred to as “Zhejiang Longsheng”) recently announced that the company will receive a total of 1.45% due to the relocation of the Daoxu factory. 100 million yuan in government incentive subsidy funds. On December 30, 2019, 125 million yuan in exit incentive subsidy funds were received, and the remaining amount of 20 million yuan will be disbursed in 2020. In the past 12 months, the company and its subsidiaries within the scope of consolidated statements have received a total of 509 million yuan in government subsidies, accounting for 12.38% of the company’s net profit in 2018.
Original announcement
Industry insiders said, For industries that originally had serious pollution, whether to move to areas with weak environmental protection or spend huge sums of money to upgrade is still a dilemma for many chemical companies. However, as early as April 2010, the chairman of Zhejiang Longsheng personally made the decision and adopted a 14-month environmental upgrade route with an investment of 365 million yuan. With the determination to “rebuild Longsheng”, he strived to achieve “near-zero emissions” The goal. The dye-intermediate-sulfuric acid-water-reducing agent circular economy integrated industrial park built by Zhejiang Longsheng in the production base of Shangyu, Zhejiang, gives full play to the cost and environmental protection advantages brought by integrated production, comprehensively implements clean production, and has very good Environmental advantages.
Zhejiang Longsheng is an important global manufacturer of disperse dyes and m-phenylenediamine. In the first three quarters of 2019, Zhejiang Longsheng achieved operating income of 16.62 billion yuan, a year-on-year increase of 14.1%. The net profit of the parent company was 3.882 billion yuan, a year-on-year increase of 22.13%. The net profit attributable to the parent company after deducting non-profit items was 3.380 billion yuan, a year-on-year increase of 9.85%. Among them, the net cash flow from operating activities was 4.241 billion yuan, a year-on-year increase of 51 times. In the third quarter of 2019, Zhejiang Longsheng achieved operating income of 6.974 billion yuan, a year-on-year increase of 29.17%, and a month-on-month increase of 42.97%. Net profit attributable to the parent company was 1.351 billion yuan, a year-on-year increase of 2.30%, and a month-on-month increase of 6.43%, both of which set a record high in a single quarter.
In the first three quarters of 2019, Zhejiang Longsheng’s dye sales totaled 165,000 tons, a year-on-year decrease of 11.6%. The overall dye business was relatively sluggish, although the “321” Xiangshui incident promoted the intermediates market The prices of benzene and disperse dyes have risen rapidly, but due to the sluggish demand side, disperse dye prices have fallen back to the low levels at the beginning of the year after experiencing a high in the second quarter. The decline in the dye business has caused the company’s performance growth to slow down. In the third quarter of 2019, the company achieved revenue of 6.974 billion yuan, a year-on-year increase of 29.17%; net profit attributable to the parent company was 1.351 billion yuan, a year-on-year increase of 2.30%. Quarterly net profit growth rates attributable to parent companies were 62.54% and 17.35% respectively.
In the first three quarters of 2019, Zhejiang Longsheng sold 80,300 tons of intermediate products, a year-on-year decrease of 8.9%, and the average price of intermediate products was 43,700 yuan/ton. , a sharp increase of 30.84% year-on-year. Among them, the average price of intermediates in the third quarter was 46,000 yuan/ton, basically the same as the second quarter, and continued to increase by 8% compared with the average price in the first half of the year. The company currently has a production capacity of 30,000 tons of resorcinol and 65,000 tons of m-phenylenediamine. The intermediates business segment, which it has been focusing on building since 2015, has become an important source of substantial increase in the company’s profits. In the future, the company plans to expand the production capacity of m-phenylenediamine to 100,000 tons/year, and the production capacity of resorcinol to 50,000 tons/year. At the same time, it will expand the production of related intermediates with integration as the core. The intermediate business is expected to become the future of the company. An important source of long-term development and profitability. (First Textile Network martin)
Zhejiang Longsheng Group Co., Ltd.
Zhejiang Longsheng Group Co., Ltd. It is a large national enterprise with dye chemicals as its main business, and a comprehensive group with jurisdiction over three major industries: chemical industry, steel and real estate. The company was founded on June 13, 1970. After more than 40 years of pioneering and enterprising, it has developed into a headquarters in Shangyu covering an area of 3 square kilometers, with more than 10,000 employees, annual profits and taxes exceeding 500 million yuan, and assets exceeding 20 billion yuan. It has more than 100 holding subsidiaries, distributed in Shanghai, Sichuan, Jiangxi, Guangdong, Jiangsu, Hong Kong and other provinces and cities.
The company has been rated as the top 500 private enterprises in the country, the top 500 manufacturing industries in China, the top 100 non-state-owned enterprises in China, the top 100 chemical industry of PetroChina (5.950, 0.08, 1.36%), Top 50 private enterprises in Zhejiang Province. On August 1, 2003, “Zhejiang Longsheng” stock (stock code 600352 [3]?) was successfully listed on the Shanghai Stock Exchange. In July 2005, the share-trading reform was implemented. In August 2006, full circulation was achieved. In 2010 , the company successfully took full control of the global business of DyStar, the world’s leading dye company, and became China’s first world-class textile chemical production service provider with complete technical services and industrial standards, with dyes as its core.
The company has a provincial technology center, an open R&D institution and postdoctoral workstation, and a Shanghai-centered scientific and technological information and investment development platform, taking the lead in the industry.��Passed ISO9001 international quality management system certification and ISO14001 environmental system certification.
The Longsheng trademark is a well-known trademark in China, a famous trademark in Zhejiang Province, and a well-known trade name. The Longsheng trademark has been registered in 9 countries and regions including Europe, America, and Southeast Asia. In 2006, the company was recognized as a national high-tech enterprise by the Ministry of Science and Technology, and the “Kehuasu” brand reactive dyes were rated as Chinese famous brand products.
Three major industries
Chemical industry:The chemical industry mainly operates “Longsheng brand” “There are more than 360 varieties in three categories including dyes, auxiliaries and chemical intermediates. Among them, the annual output of disperse dyes is more than 120,000 tons. It is the world’s largest production and export base of disperse dyes. Its products sell well all over the country and are exported to more than 60 countries on five continents around the world. countries and regions. From 1999 to 2005, the company’s dye output, sales revenue, profit and tax realization, foreign exchange earnings from exports and other indicators all ranked first in the domestic industry. Among them, the output of disperse dyes ranked first in the world for seven consecutive years.
The chemical industry is positioned as a world-class textile chemicals manufacturer and service provider. With its background and advantages in R&D, production, sales and service in the field of fine chemicals, it is gradually moving towards other fine chemicals and In the field of basic chemical industry, we will expand into deep processing and high value-added chemical products. The company realizes the extension of the enterprise’s chemical industry chain through various means such as integrated operations, acquisitions, and mergers. We strive to achieve sales revenue of 6 billion yuan and profits and taxes of 800 million yuan in the chemical industry by 2010.
Steel Industry: On the basis of stabilizing the development of its main business, Longsheng actively carries out diversified development and international operations. The Sino-foreign joint venture Zhejiang Longsheng Sheet Plate Co., Ltd. has a total investment of US$86.88 million and an annual output of 600,000 tons of cold-rolled sheet projects. Since its construction in 2004, it has been officially put into production on September 20, 2006. The steel industry takes product market segmentation and strengthened supporting services as its outstanding advantages, introduces foreign advanced technology, and improves high value-added products to develop and produce high-end plates and high-end packaging materials required for automobile sheets and their spare parts and other downstream high-tech products of cold-rolled sheets. , take the road of internationalization, and strive to make Longsheng Steel’s annual sales revenue exceed 6 billion yuan and total profits and taxes exceed 700 million yuan by 2010, building Longsheng Steel into an international steel brand.
Real estate industry:The real estate industry is another important measure for Longsheng to carry out diversified operations, relying on the ” The “International Residential Architecture Comprehensive Gold Award” project – the “Longsheng Huacheng·Right Bank” project focuses on creating high-quality real estate in Longsheng. The project is planned and designed by the Construction Design Institute of Zhejiang University, and the landscape design is by the internationally renowned Bell Gorin Company, striving to create a new Style modern garden community image. The first phase has a total construction area of 500,000 square meters. After completion, it will become the largest high-end residential community in the region and even Jiaxing City. The project has been launched and the sales situation is good.
Products and Services
The company mainly produces high-strength, environmentally friendly dispersion, reactive and acid series dyes and auxiliaries and chemical intermediates, with an annual production capacity of more than 120,000 tons. Its products are sold throughout the country and exported to more than 70 countries and regions on five continents. It is the world’s largest disperse dye production and export base and a leading enterprise in the domestic dye industry. The products extend from dispersed, reactive, acid dyes, and textile printing and dyeing auxiliaries to chemical intermediates, building materials chemicals, basic chemicals, and have also expanded to information technology and other industries.
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