On March 18, Shandong Yanggu Huatai Chemical Co., Ltd. released its 2021 financial report. In 2021, the operating income will be 2.705 billion yuan, a year-on-year increase of 39.21% (the same below); the net profit will be 284 million yuan, an increase of 125.73%.

Yanggu Huatai said that in the face of market changes such as repeated global epidemics and fluctuations in upstream raw material prices, it has carried out various tasks in an orderly manner in accordance with the annual business plan and actively carried out market expansion. The company leads the production and sales of processing aids, accelerators, and sales prices Compared with the same period of the previous year, the profit level has increased.

In the second half of 2021, due to the increase in the price of upstream chemical raw materials, the transmission of the company's product prices to the downstream has a lag, so the profit level will decline compared with the first half of the year.

Yanggu Huatai said that in 2022, the 40,000-ton continuous-process insoluble sulfur project will be put into operation as soon as possible, and the 35,000-ton phenolic resin and 10,000-ton HMMM project and the 10,000-ton rubber anti-scorch agent CTP project in the Dongying plant will be built as soon as possible, with an annual output of 6.5 Projects such as 10,000 tons of silane coupling agent are striving to start construction in the second half of 2022.