On the evening of April 20, Luxi Chemical disclosed its annual report. In 2022, the company will achieve operating income of 30.357 billion yuan, a year-on-year decrease of 4.52%; net profit of 3.155 billion yuan, a year-on-year decrease of 31.68%; basic earnings per share of 1.64 yuan; a dividend of 6.5 yuan per 10 shares (tax included). At the same time, the first quarterly report disclosed that the net profit was 322 million yuan, a year-on-year decrease of 75.6%. According to the company, affected by the market, the selling price of the company's main products dropped significantly in the first quarter, and the profit margin narrowed.
The main business of Luxi Chemical includes new chemical materials, basic chemicals, fertilizer products and other businesses. The company has team advantages, significant park advantages, and integrated engineering construction integrating design and development, manufacturing, installation, and production operations. It is worth mentioning that the company has continuously improved the park integration, intensification, park-based, and intelligent functions, increased investment in automation, increased automation control facilities, built a smart chemical park management platform, and continuously improved the comprehensive supporting capabilities of the park, enriching The industrial structure of the park and the comprehensive competitiveness of the park have been continuously enhanced, becoming an important carrier for the sustainable development of enterprises.
At present, a number of projects under construction of the company are in full swing, helping the park to further enrich the industrial chain and enhancing the company's development potential. It is understood that the company has always adhered to the strategy of planning a batch, building a batch, and putting a batch into production, and continued to enrich the company's industrial chain. Based on the efficient coupling of coal-salt-oil, give full play to the basic advantages of the existing industrial chain, and continue to promote the integration of industrial chains, high-end products, and industrial agglomeration. Focusing on consolidating the scale of superior products and extending the industrial chain, projects under construction such as caprolactam nylon 6, organic silicon, methylamine/DMF expansion, and hydrogen peroxide have been fully rolled out. They will be completed and put into operation in succession this year and next, which will help the park to further enrich the industrial structure and supply The level of chain security guarantee and industrial chain resilience has been gradually improved, laying a solid foundation for the company's subsequent healthy development.
The company expects that in 2023, the impact of the cost side on chemical product prices will weaken, and demand is expected to pick up, but supply is still in the capacity launch cycle. In addition, the external environment is not optimistic, and the pressure of supply and demand contradiction is still relatively large. It is expected that the recovery of demand will not be enough to support the continuous rise of prices, but the cost pressure will ease, and the operating rate and operating efficiency of chemical enterprises are expected to improve marginally.