On June 18, HZJH Polyamide Technology Group was officially listed on the Shanghai Stock Exchange.
HZJH was established in 2013, mainly engaged in the R&D, production and sales of polyamide 6 chips. Nylon is an important chemical synthetic material, and polyamide 6 is the most widely used and highest proportion model in nylon in China. Polyamide 6 chips are widely used in nylon fiber (including civilian fiber and industrial fiber), engineering plastics and film manufacturing The field is an intermediate linking chemical raw materials and downstream applications in the nylon industry.
Up to now, the company's main products include nylon fiber grade, engineering plastic grade, film grade and other three chip types. At the end of 2019, the production capacity will reach 200,000 tons per year, and enjoy a high brand reputation in the domestic polyamide 6 chip market .
From 2016 to 2019, Jushun achieved operating income of 861 million yuan, 1.302 billion yuan, 2.025 billion yuan and 2.426 billion yuan. During the same period, it achieved net profits of 33.9673 million yuan, 61.474 million yuan, 96.182 million yuan and 100 million yuan, showing rapid growth Situation.
Focus on R&D and innovation
For a long time, there has been fierce competition in the low-end product market in the domestic nylon 6 polymerization industry, the domestic supply of high-end products is insufficient, and it mainly depends on imports.
In view of this, HZJH has positioned itself in the high-end nylon 6 chip market since its establishment. It has adopted Germany-made nylon 6 chip manufacturing equipment and technology and built an advanced production equipment system, which has laid a hardware foundation for the rapid development of the company's business.
As of the end of December 2019, the company had a total of 24 patents, including 3 invention patents. From 2017 to 2019, the company organized 16 new product and new process R&D internal projects, of which 8 were awarded provincial new product R&D project records, and a total of 16 new product and new process were completed, especially after the successful development of full matt nylon 6 chips , The company has become one of the few enterprises in the country that produce all-mat products.
In the future, the company will focus on the development of new special nylon materials such as semi-aromatic nylon, long carbon chain nylon, alternative nylon 66, copolymerization of nylon 6 and nylon 66, and copolymerization of nylon 66 and nylon 6, so as to keep the company's research direction in keeping traditional products new Based on the development of application fields, it also takes into account the new materials fields such as military industry, aerospace, high-speed rail, 3D printing, and key parts of automobiles. Through continuous innovation and research, we produce high-end products, provide quality services, develop and accumulate quality customers.
The company started with high-end products. When the domestic high-end market was highly dependent on imports, it developed an import substitution development strategy. Relying on the advantages of products in quality and stability, it successfully replaced imported products among many well-known downstream customers. , To help the company quickly gain a foothold and lay the brand reputation and industry influence.
On this basis, through continuous improvement of product development, relying on advanced production equipment and production processes, the company successfully developed a number of high-end, differentiated nylon models, industry recognition is high.
At present, the company's products involve multiple series such as nylon fiber grade, engineering plastic grade, film grade, etc. A series of products developed by the company have been highly evaluated by customers after trial use, and the characteristics of products such as performance and stability have been obtained by customers. The recognition of this is also an important reason for the company’s rapid growth in performance during the reporting period, and it is a strong guarantee for the company’s differentiated competition strategy.
The company's current core technologies mainly include production equipment and polymerization technology, customized flexible production design and self-developed product formulas.
In terms of production equipment and polymerization technology, the company successfully introduced and applied the advanced polymerization device and corresponding production technology of Wood Evanda Feather Company at the beginning of its establishment, supplemented by the DCS distributed control system of Zhejiang University Central Control, which realized the intelligence of the production link And refined management.
Obvious competitive advantage
The production capacity of conventional products in the nylon 6 chip industry in China has expanded rapidly, and industry competition has become increasingly fierce. With the gradual advancement of national strategies such as smart manufacturing, new energy, and green environmental protection, the country has continuously guided the industry to develop into a high-level and benign competition situation such as technology, brand, and product added value through industry standards such as energy saving and emission reduction, and limiting high energy consumption.
With the deepening of industry competition, companies with industry reputation and corresponding R&D scale strength can establish their own competitive advantages, get rid of low-cost competition, achieve differentiated competition strategies, and ultimately gain the ability to sustain development.
At present, China's nylon 6 chip industry shows a relatively obvious trend of transformation and upgrading. Enterprises in the industry can be divided into two levels:
The first level is that a few domestic enterprises have independently developed a batch of nylon 6 chip products with independent intellectual property rights through independent research and development, technology absorption and digestion, combined with market demand. They have certain competitiveness in the domestic high-end market and the international market.
The second level is mainly small and medium-sized nylon 6 chip companies or early-stage investment companies. These companies have low technological level, and the equipment is under pressure to upgrade. The products are mainly concentrated in the low-end, the profit margin is low, and the market competition is fierce.
After years of accumulation, HZJH's product quality is higher than that of ordinary nylon 6 chip companies. It is also competitive with high-end imported products. It belongs to the first level of nylon 6 chip industry and is located at the upstream level of the industry.
The company has also actively based on the research and development, production and sales of high-performance nylon 6 chips based on market demand, enabling the company to successfully capture the rapidly growing domestic market space in this field, and about half of its products have achieved the effect of import substitution.
At the end of 2019, the company's designed production capacity will reach 200,000 tons, and the production scale is expected to expand in 2020, when the company's market share will further increase.