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The core business saw strong performance in both sales and production. Chengzhi Co., Ltd.’s net profit after deducting non-recurring items doubled in 2021. Author/Source: Date: 2022-04-22 Clicks: 16. Chengzhi Co., Ltd. (000990) recently released its annual report for 2021. During that period, the company achieved revenue of 12.184 billion yuan, a 25.20% increase compared to the previous year; the net profit attributable to shareholders of the listed company was 1.008 billion yuan, representing a 184.01% increase; the net profit after deducting non-recurring items was 1.067 billion yuan, with a 209.58% increase. The earnings per share amounted to 0.83 yuan. According to Chengzhi Shares, during the reporting period the company continued to steadily implement its development strategy of \"one core and two wings\", with clean energy as the core and semiconductor display materials and life sciences in medicine as the two wings; its main business operations maintained a positive growth trend. In its management discussion and analysis, Chengzhi Co., Ltd. (000990) mentioned that in 2021, against the backdrop of rising oil demand and increasing prices of international bulk raw materials, the chemical industry experienced strong performance in terms of both production and sales. The prices of the company’s main products such as ethylene, propylene, and butadiene saw significant increases, leading to a substantial rise in profits. In 2021, Chengzhi Co., Ltd.’s clean energy products generated revenue of 10.288 billion yuan, representing a year-on-year increase of 26.85%; these products accounted for 84.44% of the company’s total revenue for that period. It is reported that its subsidiary, Nanjing Chengzhi, is the main entity responsible for operating Chengzhi Co., Ltd.’s clean energy business. Nanjing Chengzhi has been committed to becoming a leading domestic comprehensive operator of industrial gases and basic chemical raw materials, with its industrial gas products including CO, hydrogen, and syngas ； Liquid chemical products mainly include ethylene, propylene, butanol, etc. Chengzhi Yongqing mainly consists of a 600,000 tons per year methanol-to-olefins plant and its optimization project, a 100,000 tons per year butadiene plant. Chengzhi Air Products Hydrogen Energy Technology Co., Ltd., established through a joint venture between Chengzhi Shares and AP Company, is currently focused on advancing the construction and operation of hydrogen refueling stations. In 2021, benefiting from the strong growth cycle in the semiconductor display industry, Chengzhi’s liquid crystal display material products also experienced robust sales and production performance. Beijing Chengzhi Yonghua and Shijiazhuang Chengzhi Yonghua together form the core of Chengzhi Co., Ltd.’s semiconductor display materials business, and they represent one of the two key areas that the company is focusing on developing. Among them, Shijiazhuang Chengzhi Yonghua is a major domestic manufacturer of liquid crystal materials; it is the world’s largest supplier of TN/STN hybrid liquid crystal materials, the largest supplier of such materials in the Greater China region, and an emerging supplier of OLED materials. In 2021, Shijiazhuang Chengzhi Yonghua continued to work hard to enhance its influence and overall competitiveness in both domestic and international markets. It focused on strengthening customer relationships, improving project management, and increasing investment in research and development. As a result, its sales revenue and net profit saw significant increases compared to 2020. The sales of TFT liquid crystals maintained the positive trend seen in 2020, with sales of liquid crystal materials used in TFT-LCDs rising by approximately 41.11% on a year-on-year basis. In 2021, Chengzhi Co., Ltd.’s semiconductor display material products generated revenue of 1.07 billion yuan, representing a year-on-year increase of 24.89%. The industrially significant **project, which has attracted considerable market attention, is part of Chengzhi Co., Ltd.’s strategy for the life sciences sector. In 2021, the individual unit operation testing and joint testing with water for the ** project of Chengzhi Hanmeng Industry, a subsidiary of Chengzhi Co., Ltd., were completed. The facility is now ready for trial production with materials in use. In accordance with the relevant regulations of Yunnan Province, Chengzhi Hanmeng has begun preparations to apply for a \"Yunnan Province Industrial ** Processing License.\" Chengzhi Co., Ltd. stated that Chengzhi Hanmeng has designed and built an industrial **moss extraction and processing plant in accordance with GMP standards and relevant regulations. Once operational, this plant will be capable of processing 2,000 tons of industrial **moss per year, making it one of the largest industrial **processing and extraction facilities as well as an industrial **complex in the world. Looking to the future, Chengzhi Co., Ltd. states that it will further optimize the allocation of existing resources in order to create a stronger cluster effect among related industries, thereby laying the foundation for the company’s development into an international high-tech enterprise group with core competitive advantages.