On September 15, Xinjiang Zhongtai Chemical Co., Ltd. issued an announcement stating that the company is planning an asset sale, which is expected to constitute a major asset reorganization. The wholly-owned subsidiary of the target asset company sold this time is a 60% stake in Shanghai Zhongtai Duojing International Trade Co., Ltd. (hereinafter referred to as Shanghai Duojing).
Through this asset sale, the company will divest its trading business that is not closely related to the main business of the chlor-alkali chemical industry, reduce the risk of the trading business under the influence of the international and domestic macro environment, further focus on the chlor-alkali chemical industry, strengthen and highlight the development of the main business, and deepen the chemical industry Field layout, maintaining the company's continued profitability. Xinjiang Zhongtai (Group) Co., Ltd. (hereinafter referred to as Zhongtai Group), the counterparty of this transaction, is the controlling shareholder of the company, and this transaction will constitute a connected transaction.
Regarding the reasons for the sale of assets, Zhongtai Chemical pointed out that as a leading company in China's chlor-alkali chemical industry, the company has a strong competitive advantage in terms of brand, products, channels, technology, and resources. In recent years, the company has actively increased investment in the chlor-alkali chemical industry and the industrial chain. Up to now, it has formed an annual production capacity of 1.83 million tons of PVC, 1.32 million tons of caustic soda, and 2.38 million tons of calcium carbide, with obvious scale advantages and a complete industrial chain.
In order to maintain the continuous profitability of the listed company, reduce the risk of trading business, and achieve sustainable development, the company intends to sell trading business assets that are not closely related to chlor-alkali chemicals. Through this major asset sale, the company will divest its trading business that is not closely related to the chlor-alkali chemical industry, reduce the risk of the trading business under the influence of the international and domestic macro environment, further focus on the chlor-alkali chemical industry, strengthen and highlight the development of the main business, and deepen the chemical industry Layout, improve management efficiency, and maintain the company’s continued profitability.
The leading domestic chlor-alkali chemical industry
The main business of Zhongtai Chemical is the production and sales of polyvinyl chloride resin, ion-exchange membrane caustic soda and other chlor-alkali chemical products, viscose fiber and viscose yarn and other textile products, and integrates with the industrial chain to carry out a variety of product trading business, supporting thermal power , Blue carbon, calcium carbide, calcium carbide slag cement, cotton pulp and other green chemical intelligent manufacturing enterprises in the circular economy industrial chain.
At present, the company has formed an annual output of 1.83 million tons of polyvinyl chloride resin (including 200,000 tons of bulk resin, 95,000 tons of paste resin, and 35,000 tons of viscosity reducing resin), 1.32 million tons of ion-exchange membrane caustic soda, and 730,000 tons of viscose fiber , 2.7 million spindles of viscose yarn, 2.38 million tons of calcium carbide, and 1,937,500 kilowatts of back pressure unit production capacity.
Zhongtai Chemical has become one of the few leading companies in the domestic chlor-alkali chemical industry with a complete industrial chain, and has successfully built an integrated upstream and downstream circular economy industrial chain of coal-thermoelectricity-chlor-alkali chemical industry-viscose fiber-viscose yarn.
In terms of chlor-alkali chemicals, Xinjiang, as one of the key provinces and regions for the development of western my country, has abundant resources such as coal, raw salt, limestone, etc. Due to transportation costs, the prices of raw salt, coal, calcium carbide and other primary raw materials in Xinjiang are relatively low. Supply can be fully guaranteed.
At the same time, Xinjiang is a major energy province in the western region, and one of the few regions that does not lack electricity. The average electricity price is at a low level in the country. It has obvious advantages in raw material costs and electricity costs. Land is transformed into the development principle of economic advantage.
In the textile industry, with the introduction of the "Guiding Opinions on Supporting the Development of Xinjiang's Textile and Apparel Industry and Promoting Employment", and the gradual implementation of the "package" of new policies to support Xinjiang's vigorous development of the textile and apparel industry, it has become the construction of the Xinjiang Silk Road Economic Belt The important content of the core area provides significant opportunities for the development and industrial upgrading of the company's textile industry.
At present, Xinjiang has initially formed an industrial system dominated by cotton spinning and viscose fibers. The textile sector's operating structure can make full use of Xinjiang's location and economic advantages, and make full use of Xinjiang's raw material resource advantages as my country's largest cotton producing area.
Actively promote independent research and development and technological transformation
Zhongtai Chemical has a group of stable core management, R&D and skilled talents through internal training and external introduction. The company has fully mastered the core technology of chlor-alkali production, and its market positioning has been widely recognized.
The company makes full use of post-doctoral workstations, R&D experimental bases, and industry-university-research cooperation platforms to develop new technologies, new products, and new processes. Viscose fiber is a technology-intensive industry, and the production process has high requirements on technology and equipment level, waste gas and wastewater treatment technology, information and control level.
In order to ensure safe production, energy saving and consumption reduction, Zhongtai Chemical adopts the most mature new-type air spinning and vortex spinning technology at home and abroad, and introduces equipment with a high degree of automation and labor saving.
On the basis of introducing, digesting and absorbing advanced production techniques and technologies at home and abroad, Zhongtai Textile actively promotes independent research and development and technological transformation to meet the increasing requirements of the market. Strengthen the comprehensive recycling treatment of waste gas and waste water in the production process, and form a set of mature and efficient waste gas and waste water treatment and conversion and reuse technologies, so that the level of clean production, unit energy consumption and pollutant emission indicators have reached the advanced level of the same industry .
