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On January 5th, the 2021 performance forecast was released. The company expected that the net profit attributable to the shareholders of listed companies was 4.1 billion to 5 billion yuan, an increase of 435.00% -552.44% over the same period in the previous year.

For performance changes, the Oriental Shenghong explained that mainly, the demand for chemical industry during the reporting period, the increase in crude oil prices, the industrial recovery is rising, and the company's production and operation is further improved, maintaining good profitability. Selbang produced EVA photovoltaic resin production capacity is stable in 200,000 tons / year, Hong Kong Hong fiber annual output 200,000 tons of differentiated functional chemical fiber project and the annual 60,000 tons of Zhongmai Technologies have been in 2020. It has been put into production in half a year, which increases the factors such as profit contributions.

The industry said this, since the fourth quarter of 2020, the cost of oil prices, the internal and external demand, petrochemical, chemical fiber industry boosts, at the same time, the Oriental Shenghong subsidiary Hong Kong Hong fiber 200,000 tons of differentiated functional chemical fiber projects The annual output of Zhongmai, 60,000 tons of regenerated fiber projects, built into production in the second half of 2020, started to contribute results in the first quarter, Hong Kong Petrochemical 2.4 million tons of PTA put production and gradually released production capacity in early March. The main product price rises to help the company has risen sharply since the first half of 2021, achieving 15.7 billion yuan, an increase of 65.4% year-on-year, of which chemical fiber, petrochemical business increased by 42%, 135%, respectively, realization belonging to the mother company Net profit reached 1.15 billion yuan, an increase of 1720% year-on-year, of which chemical fiber business benefits from industry prospects and high differential rates, and the gross profit margin of chemical fiber has risen from 7% from 2020 to 19%.

What to see is that on December 22, 2021, Dongfang Shenghong acquired Jiangsu Sliva Petrochemical Co., Ltd. (Slbon) matters obtained the SFC listed company M & A restriction restrictions. Slbon's main products are ethylene and propylene lowerst derivatives, including 300,000 tons of EVA capacity, EO and downstream derivative capacity of 420,000 tons, 520,000 tons of acrylonitrile capacity, and MMA production capacity of 1.70,000 tons. As of December 2021, the company's propane industry chain project is under construction, and it will add 700,000 tons / year propane dehydrogenation and 260,000 tons / year acrylonitrile, 85,000 tons / year MMA production capacity.

Since the second half of 2020, the chemical industry has continued to rise, MMA, acrylonitrile and other products have increased significantly since the second half of 2020, and the spread of Slide has increased. Selbang will further lay a solid foundation for its business development and corporate construction, to achieve resource integration, complementary advantages, and improve overall competitiveness.

Along with refining, it is put into production, and multi-project supports the future development of Oriental Shenghong. In view, the total investment of Shenghong refining 16 million tons / annualization integration project is about 67.7 billion yuan, and the project design is 2.8 million tons of PX, 1.1 million tons of ethylene and downstream derivatives. At the same time, 300,000 tons of crude oil The dock and 4 50,000 tons of liquid chemical terminals, etc. Shenghong refining the integrated project single-line largest domestic, scale effect is remarkable, and the cost is strong. In addition, the project will focus on high value-added aromatic hydrocarbon products and olefin products, reduce the output of finished oil to about 31%, and the proportion of chemical products reached 69%. The proportion of core products PX account for 17.5%, which is much higher than my country. The average level and Japanese and South Korea level, fully excavated and played the advantages of industrial chain, realizing the refinement of crude oil, and the economy was fully utilized. On June 16, 2021, Shenghong Refining Item 220KV substation sent electricity and successfully built, through the electric network of the entire project, steadily advanced towards the goal of putting production before 2021. After investingment, the company will complete the integrated layout of "crude oil refining-PX / ethylene glycol-PTA-polyester", will form an industrial chain business operation from "a drop of oil" to "one silk". According to the project feasibility report, it is expected that the annual profit is 9.4 billion after delivery. After the upstream big refining project is put into production, its olefin products can be used in the production of high value-added products in Slibs, which provides rich, safe, stable, raw materials, and enhances the company in the future. Anti-risks and profitability, the mounting company downstream products, further improve the Landscape of the Oriental Shenghong Industrial Chain.

In addition, the Oriental Shenghong has multiple plans, in the construction project, which is based on differentialization and functional fiber production capacity to 950,000 tons / year, and the POSM project design capacity is 20/45 million tons / year and supporting PPG production capacity 112,500 tons / year, POP production capacity 25,000 tons / year, multiple plans, the project will support the company's future development.

As of the paper, Dongfang returned 19.09 yuan / share, a decline of 0.10%, and the market value was 92.3 billion yuan.

"Hongyang" brand polypropylene high strength yarn products have small color difference, good color fastness, high strength, and are widely used in decorative belts, safety belts, marking lines, etc.The company's main product:  polypropylene high strength yarn , polypropylene filament, polypropylene air change yarn，polyester air change yarn, ribbon

Taixing Hongyang New Materials Technology Co., Ltd. has consistently adhered to the "excellent quality, customer first, quality service, adhere to the contract," the purpose, with high-quality products, good reputation, selling the country. Wholeheartedly with the domestic business win-win cooperation and common development!