A total of 8 major contracts were signed; 24 projects were carried out in the aerospace sector in 2019

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A total of 8 major contracts were signed; 24 projects were carried out in the field of aerospace engineering in 2019. Author/Source: Huahua Network – Coal Chemical Industry. Date: 2020-05-07. Clicks: 41. Aerospace Changzheng Chemical Engineering Co., Ltd. is a specialized engineering company in China’s coal gasification sector that possesses core patent technologies as well as the capabilities for engineering design, supply of complete sets of equipment, and overall project management. The company is committed to providing owners with reliable and efficient comprehensive technical solutions and construction services for coal gasification projects. The company’s main business focuses on aerospace-based pressurized coal gasification technology; it is specialized in the research and development of coal gasification technologies and key equipment, as well as in engineering design, technical services, supply of complete sets of equipment, and general project contracting. The company’s aerospace-type pressurized coal gasification technology and its key equipment enable the clean and efficient utilization of coal, and can be widely applied in areas such as coal-to-methanol, coal-to-synthetic ammonia, as well as coal-to-natural gas, coal-to-oil, coal-to-olefins, coal-to-ethylene glycol, coal-to-hydrogen, and IGCC power generation. In 2019, Aerospace Engineering achieved operating revenue of 1.776 billion yuan, a 9.69% increase compared with the same period the previous year. The net profit attributable to the shareholders of the listed company was 155 million yuan, a 31.50% decrease compared with the same period the previous year. As of December 31, 2019, the company’s total assets amounted to 3.923 billion yuan, an increase of 6.74% compared to the end of the previous period, while its net assets were 2.787 billion yuan, representing a rise of 4.68% from the previous period’s end. Throughout 2019, 24 projects were carried out in the field of aerospace engineering; among them, 12 projects were in the design phase, marking a record high in terms of the number of projects under implementation. The company continues to be guided by its operational and project objectives, optimizing key processes such as design, procurement, construction, commissioning, equipment delivery, and after-sales service. The 31 operational projects that are currently in use, along with their 61 gasification units, maintain long-term, safe, and stable operation; the operational rate of these pulverized coal gasification units ranks first in China. In 2019, the production volume of aerospace engineering gasifiers was 10 units, and the sales volume was also 10 units, remaining unchanged compared to the same period the previous year ； The production volume of gasification burners was 13 units, an increase of 62.50% compared to the same period last year ； The sales volume was 9 units, a decrease of 5.00% compared to the same period last year ； The production volume of special valves was 1,111 units, an increase of 192.37% compared to the same period last year ； The sales volume was 1,277 units, an increase of 94.66% compared to the same period last year. Major Contracts: 1. General Contract for the Aerospace Powder Coal Gasification Unit in the Large Gas Island Project of Air Chemicals (Hohhot) Co., Ltd.: The company signed a contract with Air Chemicals (Hohhot) Co., Ltd. on February 26, 2019, for the general construction of the Aerospace Powder Coal Gasification Unit as part of the Large Gas Island Project; the total value of this contract is 996 million yuan. 2. Hydrogen production and ammonia synthesis unit project for the 600,000-ton per year caprolactam production facility of Fujian Yongrong Technology Co., Ltd. (Phase II project): The company signed an Engineering Design Contract with Fujian Yongrong Technology Co., Ltd. on February 26, 2019, with a total contract value of 11.2 million yuan. 3. Project for adjusting the raw material and power supply structure of Anhui Quansheng Chemical Co., Ltd.’s plant with an annual production capacity of 320,000 tons of ammonia alcohol: On April 17, 2019, the company signed a \"Cooperation Framework Agreement\", a \"Patent License Agreement\", an \"Engineering Design Contract\", a \"Contract for the Purchase of Patent-Protected Equipment for Aerospace Gasification Technology\", a \"Contract for the Purchase of Other Equipment\", and a \"Confidentiality Agreement\" with Anhui Quansheng Chemical Co., Ltd.; the total value of these contracts was 675.07 million yuan. (The ‘Engineering Design Contract’ for this project was signed in December 2018, with a total contract value of 10 million yuan.) ) 4. General contracting project for the hydrogen production unit with a capacity of 75,000 Nm3/h and the gasification unit for the synthetic ammonia production facility in Phase II of Fujian Shenyuan New Materials Co., Ltd.’s project to produce 400,000 tons of polyamide per year: On July 23, 2019, the company signed a contract with Fujian Shenyuan New Materials Co., Ltd. for the general contracting of these facilities, with a total contract value of 650 million yuan. 5. Gasification unit project for Shaanxi Yanchang Petroleum Yushen Energy Chemical Co., Ltd.’s 500,000 tons/year coal-based ethanol project: The company signed a \"Technical License and Process Package Contract\" as well as an \"Equipment Procurement Contract\" with Shaanxi Yanchang Petroleum Yushen Energy Chemical Co., Ltd. in July 2019 for the gasification unit of this project; the total value of these contracts was 79.97 million yuan. 6. Jiutai Energy (Ordos) Co., Ltd.’s 500,000-ton per year ethylene glycol production project: The company signed a general contract for the construction of this project with Jiutai Energy (Ordos) Co., Ltd. in July 2018. In July 2019, following a decision made by the company’s board of directors, the two parties signed a new agreement under a fixed-price model to serve as the basis for performance, with the total contract value amounting to 251 million yuan. (For details, please refer to the “Announcement on Progress of a Particularly Significant Contract” published by the company on the Shanghai Stock Exchange website on July 4, 2019, with announcement number 2019-022, and the “Supplementary Announcement on Progress of a Particularly Significant Contract” published on July 5, 2019, with announcement number 2019-025.) 7. Project for upgrading the production process to produce 400,000 tons of synthetic ammonia and 700,000 tons of urea per year by Anhui Haoyuan Chemical Group Co., Ltd.: The company signed a contract with Anhui Haoyuan Chemical Group Co., Ltd. in 2018 regarding this project aimed at increasing production to 400,000 tons of synthetic ammonia and 700,000 tons of urea per year. On November 5, 2019, CCB Financial Leasing Co., Ltd. provided financial leasing services for the \"Patented Equipment Purchase Contract for Aerospace Gasification Technology\" and the \"Equipment Sales Contract\" related to this project. As the lessor, it was required to pay a total amount of no more than 219,340,000.00 yuan for the leased equipment; the remaining amount was to be covered by Haoyuan Chemical in accordance with the terms of the contract. 8. Renovation project for an annual production capacity of 300,000 tons of ammonia alcohol by Anhui Haoyuan Chemical Group Co., Ltd.: The company signed a contract with Anhui Haoyuan Chemical Group Co., Ltd. in 2018 regarding the renovation project aimed at achieving an annual production capacity of 300,000 tons of ammonia alcohol. On November 5, 2019, CCB Financial Leasing Co., Ltd. provided financial leasing services for the \"Patented Equipment Purchase Contract for Aerospace Gasification Technology\" and the \"Equipment Sales Contract\" related to this project. As the lessor, it was required to pay no more than 230,660,000.00 yuan for the equipment purchased; the remaining amount was to be covered by Haoyuan Chemical in accordance with the terms of the contract.