002915ZXFCSZSE

Zhejiang Zhongxin Fluoride Materials Co., Ltd.

中欣氟材

002915

Shenzhen Stock Exchange

BoardMain Board of Shenzhen Stock Exchange
IndustryRaw Chemical Materials and Chemical Products Manufacturing
ISINCNE100003365
ListedDecember 5, 2017
Websitewww.zxchemgroup.com
IR Emailysl@zxchemgroup.com
Phone0575-82738093
AddressNo. 5, Jing 13th Road, Shangyu Economic and Technological Development Zone, Hangzhou Bay, Zhejiang

Company Profile

(1) Advantages in R&D and technological innovation The company is a key high-tech enterprise of the national Torch Plan, with provincial small and medium-sized enterprise technology center and provincial enterprise research institute - Zhejiang Zhongxin Fluorine-containing chemicals and new materials Research Institute, and its research and development investment in successive years accounted for about 4% of sales revenue. Now with the increase of the company's sales revenue, the proportion has decreased, but the company is still increasing its annual R&D investment year by year. The company has passed ISO9001, ISO14001, ISO45001 management system certification, equipped with advanced machinery and equipment, to improve labor efficiency while ensuring product quality. The company also uses multi-functional analysis software to improve the level of comprehensive product design. The company has built an independent analysis and testing and R & D center, equipped with perfect test equipment, the introduction of Germany Efeld microreactor, liquid chromatography, ion chromatography and other high-grade research and test equipment. At present, the company has formed a series of 2,3,4, 5-tetrafluorobenzene series, 2,3,5, 6-tetrafluorobenzene series, DFBP three fluorine aromatic compounds series, a total of more than ten products. In addition, the company adopts common technology, and has developed fluoroquinolone cyclic acid series products represented by moxifloxacin cyclic acid and Nenofloxacin cyclic acid, which will push the company's industrial chain one step downstream and improve the company's competitive advantage. At present, the company is focusing on the research and development, organization and construction of the production of new electrolyte electrolyte such as sodium hexafluorophosphate, lithium fluoride sulfonimide, lithium trifluoromethyl sulfonimide and other new energy electronic chemicals represented by the 4th generation of refrigerants, trifluoride series products, which will greatly improve the technical content and added value of the company's products, so that the company can move towards high-end products. Avoid the impact of single product industry cycle fluctuations on the company's profitability. At the same time, the company will integrate research and development into the production process, in the production process, to carry out data collection, parameter analysis, process improvement and other research and development work, not only greatly save research and development costs, but also significantly improve the research and development effect. (2) Complete industrial chain and base resource advantages The company has a complete fluorine chemical industry chain including basic supporting raw materials fluorite, hydrofluoric acid, fluorine refrigerant, fluorine containing fine chemicals, etc. After 23 years of deep cultivation and innovative development, it has gradually formed a leading domestic fluorine chemical new material industry base with self-supporting raw and auxiliary materials and obvious industrial intensive synergies. The competition mode of the company has changed from single product competition to industrial competition and industrial cluster competition. First, the business scope has expanded from traditional fluorine-containing medicine and pesticide intermediates to fluorite mining resources, fluorine-containing new energy materials, fluorine-containing polymer materials, fluorine-electronic chemicals, new environmental protection refrigerants and other fields, and has basically completed the entire industrial chain layout of fluorine-fluorine fine chemicals; Second, the layout of business and production capacity across Zhejiang, Jiangxi, Fujian three places; Third, the company has 3 wholly-owned subsidiaries, 1 holding subsidiary and 1 wholly-owned sun company, forming a development pattern of "one headquarters control center + four production bases", and initially having the characteristics of a group operation structure. (3) Advantage of cost control As a traditional manufacturing industry, the cost management level affects the operating efficiency of enterprises to a large extent. In recent years, the company has paid close attention to cost management to ensure that the cost management advantage is at the leading level of the industry. In terms of raw material procurement, the company has maintained a good and stable long-term cooperative relationship with major suppliers, which has laid the foundation for the company to purchase in a timely and low price. In terms of production, the company reduces costs by exerting scale effects and improving process flow. In addition, with more than 20 years of experience, the company has formed a strong production organization ability, which can organize production quickly and reasonably after confirming the order, effectively improve the efficiency of capital operation, and ensure the company's profitability. At the same time, the company has gradually established a cost management system suitable for itself, further improved the ERP system, realized the unified management of capital flow, logistics and information flow, realized the sharing of business data, the accurate transmission of decision orders, and timely understood the real-time operating status and potential problems of the company; Establish a cost budget management system, which requires the financial management department to monitor and measure the changes of raw materials and spare parts costs in real time, and requires the R&D technology department to continuously optimize the production process on the basis of ensuring product quality, so as to effectively reduce the production cost per unit product as far as possible; The "strict economy, eliminate waste" is deeply implemented in all aspects of daily management, and energy saving and consumption reduction are implemented; Grasp the company's financial information in real time, analyze the specific causes of abnormal cost fluctuations, implement responsibilities, and put forward improvement measures in time. Through good cost control, enhance market competitiveness. (4) Management advantages The core management team members have remained stable, most of them have been engaged in the industry for more than ten years, outstanding comprehensive technical ability, accumulated rich experience in enterprise management and marketing, can timely and accurately grasp the industry development and market changes, and quickly adjust the company's business strategy. At the same time, the main backbone employees of the company hold the shares of the company, and establish a mechanism for sharing the interests of employees and enterprises. The company's management team has maintained a strong sense of concern and is prepared to deal with various risks. In terms of operation and management, the company pays attention to improving the efficiency of operation and management, and constantly optimizes its organizational structure with the changes of market competition. The efficiency of operation and management has been further improved by strengthening personnel training, post assignment, assessment and incentive system. The company has established a strong internal control system and strictly implemented it, conducted hierarchical management of suppliers and customers, and conducted daily monitoring of core financial indicators, including inventory, accounts receivable, net cash flow generated by operating activities, raw material prices, and product prices, to ensure the healthy operation of the company.

Full description

1. Fluorine chemical industry (1) At present, the company has formed more than 30 fluorine fine chemicals such as pharmaceutical intermediates represented by 2,3,4, 5-tetrafluorobenzoyl chloride and pesticide intermediates represented by 2,3,5, 6-tetrafluorobenzene series. The company expands down the high value-added BPEF (optical resin monomer), DFBP (PEEK synthetic monomer) and fluorine polyimide and other new materials and super capacitor electrolytes and other fluorine-containing electronic chemicals, and upstream the distribution of scarce fluorite resources known as the "second rare earth", with fluorite - hydrogen fluoride - fine chemicals industry chain products. Widely used in medicine, pesticides, new materials and electronic chemicals three major fields. In the future, the company will continue to deepen the segmentation of functional fluorine-containing new materials and electronic new materials, and improve the long-term strategic layout of the company. During the reporting period, the Company's pharmaceutical intermediates represented by 2,3,4, 5-tetrafluorobenzoyl chloride, halogenated acetophenone and n-methylpiperazine, and pesticide intermediates represented by 2,3,5, 6-tetrafluorobenzene series and BMMI were the Company's leading products, constituting the Company's main sources of revenue and profit. While grasping the old market of old products, we also put most of our energy into the research and development, production and sales of new products such as new materials, electronic chemicals and pesticide intermediates, actively transform and innovate, and strive to expand new markets to achieve new products-new customers - new markets - new goals. Continue to make new and old products bigger and stronger and internationalization, stabilize the original domestic and foreign markets at the same time, actively seek new customers and new markets abroad. (2) anhydrous hydrofluoric acid and hydrofluoric acid based inorganic fluorine products The company completed the reorganization of Gaobao Technology in 2019, extending upstream to the company's products, mainly producing primary anhydrous hydrofluoric acid and aqueous hydrofluoric acid. Products are mainly used in refrigerants and as new energy, new materials, national defense, aerospace and other raw materials of fluoropolymers, fluoropolymers and electronic grade hydrofluoric acid. (3) New environmentally friendly refrigerants and fluorine-containing new energy materials The company's holding subsidiary Jiangxi Eksheng in 2022 extends downstream to the company's products, mainly producing third-generation refrigerants, fourth-generation new refrigerants and their downstream fluorine-containing new energy materials (such as new energy battery electrolytes) and polymer materials. 2. Fluorite According to the National Mineral Resources Plan (2016-2020), fluorite is included in the "strategic mineral catalog" of China. During the reporting period, the Company's main products were acid grade fluorite concentrate powder and high grade fluorite block ore.

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