On the evening of July 26, China's leading molecular sieve manufacturer: LYJL Micronano Materials Technology Group released a semi-annual report stating that the company's revenue for the first half of the year was approximately 310 million yuan, a year-on-year increase of 70.56%, and the company's net profit and net profit deducted were approximately 102 million. Yuan, 85 million yuan, compared with the same period last year, the growth rate exceeded 100%.
LYJL said that the company's substantial increase in operating income and net profit is mainly due to: the development and application of the new molecular sieve material market is becoming more and more extensive. With the gradual release of the company's new production line production capacity, the company actively optimizes its product structure and has high added value such as oxygen and hydrogen production. Product revenue increased significantly; the company continued to strengthen internal management and effectively improved cost control.
From the advantages of the original powder of molecular sieve to the extension of formed molecular sieve, and the business transformation from conventional molecular sieve to continuous upgrading of high value-added products, LYJL has quietly begun its layout in the field of molecular sieve new materials.
In the first half of 2021, LYJL achieved revenue of about 310 million yuan, an increase of about 70.56% year-on-year, of which the company's oxygen and hydrogen production business contributed about 202 million yuan in revenue, an increase of about 73.87% year-on-year. In terms of application areas, the company’s industrial oxygen production, healthcare oxygen production, and hydrogen production business revenues increased by approximately 13.73%, 140.05%, and 86.38% year-on-year, respectively, achieving full-line growth. The market for new molecular sieve materials is in strong demand, The business of high value-added products such as hydrogen provides a strong impetus for the development of LYJL.
At present, LYJL molecular sieves for hydrogen production have been successfully applied to multiple sets of large-scale and single projects with a "kiloton molecular sieve loading capacity" for the production of high-purity hydrogen. At this stage, the company's hydrogen molecular sieve has the advantages of high efficiency and low cost in recovering and purifying hydrogen from industrial hydrogen-containing purge gas. Using the principle of pressure swing adsorption, hydrogen can be purified to more than 99.99%, and it has realized the use of hydrogen in fuel cells. Successful application on the Internet.
Products
Oxygen generation molecular sieve, PSA/VPSA high-efficiency oxygen-enriched molecular sieve, cryogenic air separation oxygen generation special molecular sieve, hydrogen generation molecular sieve, molecular sieve activation powder, molecular sieve powder, natural gas purification and separation, JLDN series molecular sieve, molecular sieve raw powder, Natural gas purification and separation, JLDN series molecular sieve, special molecular sieve for alcohol drying, organic waste gas VOCs treatment, special molecular sieve for nuclear wastewater, special molecular sieve for CO purification…
Mrs. Li, Director of Marketing Department of LYJL, said: “Compared with the same period of the previous year, after China’s Coronavirus (COVID-19) pandemic was brought under control, industrial projects resumed work and production, and the market demand for industrial oxygen-generating molecular sieves has gradually recovered, which has further intensified the molecular sieve. Market supply pressure. At present, the company is actively adopting various methods to improve production efficiency, speed up the construction of new production lines, improve the supply capacity to the downstream market, and make every effort to ensure the effective coverage of more customers, which is a long-term development for the molecular sieve new material industry. Make more contributions to healthy development."
Molecular sieves are a class of inorganic non-metal porous crystalline materials. They are a kind of strategic emerging materials that can realize energy saving, emission reduction, environmental governance and ecological restoration. They are widely used as adsorption materials, ion exchange materials and catalytic materials. From the energy and chemical industry to the environmental protection field, and even the consumer market, the development and application of molecular sieves are becoming increasingly diversified.
In the field of energy and chemical industry, such as hydrogen energy, coal chemical industry, etc.; in the field of environmental protection, such as nuclear wastewater treatment, VOCs treatment, etc.; in the consumer market, such as household oxygen generators. The development and application requirements of molecular sieve materials are closely related to the regional economy, and emerging market applications such as carbon dioxide capture and diesel vehicle exhaust gas treatment have gradually become the focus of molecular sieve material research and development.
Kaiyuan Securities Research pointed out that the development of new carbon capture materials has become the focus of the development of the industry. Molecular sieves are the main material of the adsorption separation method. They have the advantages of good separation effect and long service life. They are suitable for low temperature conditions. Molecular sieve adsorbents are expected in the future. With the increase of carbon capture devices.
At present, based on the oxygen production and hydrogen production business, LYJL has completed the "flue gas denitrification molecular sieve, diesel vehicle exhaust denitrification molecular sieve catalyst" in the field of environmental governance and energy chemical industry, and the "coal sieve catalyst" used in the energy chemical industry. Propylene molecular sieve catalysts and adsorbents, coal-to-ethanol molecular sieve catalysts, etc., have technical reserves for many products.
LYJL said: In the face of the development constraints of production capacity, the "Adsorption Material Industrial Park (Phase III)" and the "Thailand Subsidiary Construction Project" are currently undergoing intensive and orderly progress, and the construction is expected to be completed by the end of 2021. In the future, the company will take advantage of Southeast Asia's production capacity layout to effectively promote the implementation of its international development strategy.
According to a research report by the US consulting company IndustryARC, the current global molecular sieve market is mainly concentrated in developed regions such as North America and the European Union. China is the region with the largest amount of molecular sieves and the fastest growth rate in recent years. The global molecular sieve market is expected to be from 2020 to 2025. The compound annual growth rate of scale is 5.65% and will reach 4.39 billion US dollars in 2025.