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[Industry Focus]：Luxi Chemical 600000 Tons Caprolactam-Nylon 6 Project Phase I Successfully Put Into Operation

Read： 90 Time：3months ago Source：New Materials Institute

1. Project Commissioning Overview

on September 2, Luxi Chemical announced that the first phase of its 600000-ton caprolactam · nylon 6 project has been successfully put into operation, marking a solid step taken by the company in the field of new chemical materials. Since the launch of the project on December 31, 2020, after careful preparation and efficient construction, the project has finally achieved the smooth release of 300000 tons of caprolactam and 300000 tons of nylon 6 production capacity. This achievement not only demonstrates the determination and ability of Luxi Chemical in the extension, reinforcement and optimization of the industrial chain, but also directly enhances the company's competitiveness in the caprolactam and nylon 6 markets by increasing production capacity. it has laid a solid foundation for the implementation of the company's strategy of "new materials to make up for shortcomings.

Impact of 2. projects on the company's production capacity and market

the successful commissioning of the first phase of the caprolactam-nylon 6 project has directly increased the capacity of Luxi Chemical in related fields. With the comprehensive opening of the production process and the continuous optimization of process indicators, the company will be able to more effectively meet market demand and increase market share. In addition, the new production capacity will also drive the further reduction of product costs, enhance the price competitiveness of products, and win more advantages for the company in the fierce market competition.

Analysis of 3. Performance Highlights in the First Half of 2024

under the favorable background of the project's commissioning, Luxi Chemical's performance in the first half of 2024 was particularly bright. The company achieved operating income of 14.041 billion yuan, an increase of 21.63; net profit achieved a substantial increase of 503.72, reaching 1.171 billion yuan. The significant improvement in this performance is mainly due to the strengthening of the company's safety, environmental protection and energy-saving control, the increase in the operating rate of production equipment, and the increase in product prices and the decrease in raw material costs brought about by changes in market supply and demand.

Performance variance analysis of 4. business segments

from the performance of the business sector, Luxi Chemical's new chemical materials business continues to lead, becoming the main driving force for performance growth. In the first half of the year, the revenue of new chemical materials products reached 9.511 billion billion yuan, a year-on-year increase of 42.93, and the gross profit margin also achieved a significant increase of 14.85 percentage points, reflecting the company's strong development momentum in the field of high-end new chemical materials. In contrast, basic chemical products were affected by the market, and their revenue declined, but fertilizer products maintained a steady growth trend, and gross profit margin also increased.

With the smooth production of the first phase of the caprolactam nylon 6 project and the continuous improvement of performance, Luxi Chemical is expected to further consolidate its leading position in the field of new chemical materials in the future.

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