On October 25th, China Resources Materials (301090. SZ) released its third quarter report for 2022. The company recorded a revenue of 13.01 billion yuan (RMB) in the first three quarters of 2022, a year-on-year increase of 40.9%; The net profit attributable to the parent company was approximately 690 million yuan, a year-on-year increase of 96.4%.
China Resources Materials has been deeply involved in the polyester bottle and chip industry for nearly 20 years, and is one of the leading enterprises in the domestic polyester bottle and chip industry in terms of production capacity, technology, and brand. Since 2022, the company's performance has grown rapidly, with both product sales and prices rising, and both domestic and international markets thriving. In addition, new materials continue to break through, and the development momentum is good.
In the face of product supply shortage, the company actively expands its production capacity. In the first half of 2022, the "Zhuhai CR Materials Annual Production of 500000 tons of Polyester Phase III Project" was officially put into operation. As of the end of June 2022, the total production capacity of CR Materials reached 2.1 million tons/year, consolidating its industry position and further highlighting its competitive advantage.
With the rapid development of the economy, China's polyester industry has gained global competitive advantages in production scale, industry chain integration, innovation capabilities, green manufacturing, brand building, and other aspects. Domestic industry policies continuously promote the development of advanced chemical and new materials, and enhance the self supply of high-end polymers.
China Resources Materials actively responds to national policies and high-end market demands, focusing on breakthroughs in core technologies in key areas through independent research and development, cooperative research and development, and introduction of advanced technologies. Especially in the field of PETG, China Resources Materials not only achieves mastery of key technologies in PETG production, but also meets industrialization conditions and breaks foreign technological monopolies.
At the beginning of 2022, the first phase of the "Zhuhai China Resources Materials 100000 tons/year PETG Special Polyester Project" funded by China Resources Materials has been officially put into operation and is currently in the market cultivation period, with the production and sales rate increasing month by month.
