On the evening of April 21st, China`s leader in precious metal materials and precision products: YNGY Precious Metal Materials Technology Group`s 2019 annual report shows that the company achieved operating income of 21.355 billion yuan, an increase of 25.07% year-on-year; the company ’s profit has maintained rapid growth for four consecutive years The growth rate reached 37.98%.
YNGY has core business segments such as precious metal new material manufacturing and precious metal resource recycling. In particular, the precious metal new material manufacturing sector became the company's largest performance booster last year. The company's precious metal special functional materials and precious metal precursor materials revenue increased by 42.51% and 69.39%, respectively.
The "Precious Metal Catalytic Precursor Material Industrialization Project" plans to conduct trial production this year, and the company will achieve pre-tax sales revenue of 2.682 billion yuan after reaching production. According to the company's business plan for this year, the company will strive to achieve operating income of 26 billion yuan this year, an increase of 21.75% .
Four-year net profit compound annual growth rate of 37.98%
Last year, Guiyan Platinum increased the research and development of key new products and continuously optimized the product structure. The market share of the company's precious metal precursor materials and precious metal electrical contact materials has been steadily increasing, mass production of integrated circuit water gold has been achieved, batch supply of national six standard automotive catalysts has been stabilized, electric vacuum solder has further opened the international market, and the market share of the PTA industry has increased significantly.
Due to the increase in precious metal prices last year, the business volume of gold-based electrical contact materials and semiconductor materials products increased. With sales growth of 4.88%, the company's precious metal special functional materials operating income was 3.47 billion yuan, an increase of 42.51% over the same period last year; and coal chemical The sales volume of precursors in the industry and electronics industry increased by 52.30%, mainly due to the increase in sales of palladium compounds and chemical solution products. The operating income of precious metal precursor materials was 3.391 billion yuan, an increase of 69.39% over the same period of the previous year; Motor vehicle catalytic converter products generated 2.51 billion yuan in revenue last year, a year-on-year increase of 122.53%. These three items became the company's fastest-growing products last year.
From 2016 to 2019, Guiyan Platinum only spent 162 million yuan to acquire 60% of the equity of SHZX Alloy Co., Ltd., and its performance was driven solely by endogenous growth. In the past four years, the company's net profit growth rate has been above 29%, with a compound growth rate Reached 37.98%.
Plan to increase revenue to 26 billion yuan this year
The global demand for precious metals in 2018 was 36223.1 tons, 2.1% longer than in 2017. From the perspective of global industrial precious metal demand, silver demand is the largest, accounting for about 95% of the total precious metal demand, silver, gold and platinum group metals demand are 17998.0 tons, 391.0 tons and 574.3 tons, respectively. From the perspective of demand in the past five years, silver and gold have decreased by 2.6% and 4.9% respectively from 2014, while platinum group metals have increased by 13.2%.
The high strength, high conductivity, high corrosion resistance, high catalytic activity and selectivity, and high stability of precious metals make it one of the important materials for emerging industries to quickly enter commercial applications. Especially platinum group metals are used in many fields at present. The raw materials of Guiyan platinum industry are mainly gold, silver and platinum group metals, and the products are mainly used in industries such as automobile, petrochemical industry, medicine, electronic information and national defense and military industry.
According to last year's annual report, precious metal special functional materials, precious metal precursor materials, and automotive catalytic converter products have become an important segment of the company's contribution performance. In particular, according to the plan of the Ministry of Environmental Protection of China, the implementation of the National Six Standard was originally implemented in two phases. The first phase was to popularize the National Six A Standard in July 2020. The demand for exhaust gas catalysts increased, and the demand for precious metals platinum and palladium is expected to increase. The revenue of YNGY's catalytic converter products for motor vehicles may continue to grow rapidly.
The construction of the "Precious Metal Catalytic Precursor Material Industrialization Project" is proceeding as planned. The ruthenium-zinc catalyst has completed the construction of a 1 ton / year production line, has completed the construction of infrastructure and main structure, and is scheduled to conduct trial production in 2020. After the project is fully operational, it is expected to achieve an annual output of 299 tons of precious metal precursor material series products and realize pre-tax sales income of 2.682 billion yuan. This alone will increase the company's revenue.
In the 2020 business plan, YNGY will co-ordinate the layout of the jewelry, investment and smelting project markets to achieve full coverage of precious metal raw material supply; strengthen the company's key automotive key technologies in the field of deactivated automotive catalysts and multi-metal comprehensive recovery; expand the guarantee of production conditions for National Six Ability to increase market share and further increase the international market share of electric vacuum solder. The company strives to achieve operating income of 26 billion yuan this year, which is equivalent to an increase of 21.75% on the basis of last year.