Electronic grade sulfuric acid supplies wafer plants the net profit of Xingfa Group Q1 increases by 1344% compared with the same period last year.

On the evening of April 11, Xingfa Group released its 2020 results KuaiBao said that according to preliminary accounting, the company's annual operating income in 2020 was 18.317 billion yuan, an increase of 1.54 percent over the same period last year, and a net profit of 624 million yuan, an increase of 106.29 percent over the same period last year. The net profit after deduction was 632 million yuan, an increase of 113.84 percent over the same period last year.

Xingfa Group said that during the reporting period, Yidu Xingfa Chemical Co., Ltd., a subsidiary of the company, successfully achieved a breakthrough in the wet-process phosphoric acid refining process, enhanced the start-up stability of the 100000 t / a wet-process phosphoric acid refining unit, and gradually increased the output of refined phosphoric acid. Profit increased significantly; And the wholly-owned subsidiary Hubei Xingrui Silicon material Co., Ltd. silicone technology transformation and upgrading project was completed and put into production in the third quarter of 2020, the silicone monomer production capacity increased from 200000 tons / year to 360000 tons / year, and the unit production cost decreased significantly.

At the same time, Xingfa Group also issued a Q1 performance forecast that the company is expected to achieve a net profit of about 350 million yuan attributable to shareholders of listed companies in the first quarter of 2021, an increase of about 1344% over the same period last year. The company expects to achieve a net profit of about 349.3 million yuan belonging to shareholders of listed companies in the first quarter of 2021, an increase of about 2592% over the same period last year.

Xingfa Group disclosed that the company's Q1 net profit increased significantly, in addition to the above-mentioned refined phosphoric acid production and silicone monomer production capacity and other reasons, the company's electronic grade chemicals market development made positive progress, sales increased significantly compared with the same period last year, and operating performance improved significantly.

It is understood that Xingfa Group's layout of electronic-grade chemicals is mainly implemented by its Hubei Xingfu Electronic Materials Co., Ltd. As early as 2018, Hubei Xingfu Electronic Materials Co., Ltd. made a major breakthrough in electronic-grade sulfuric acid technology, and completed an electronic-grade sulfuric acid project with an annual capacity of 10,000 tons, which began to supply to some domestic 12-inch wafer plants.

In March this year, the second phase of the electronic grade sulfuric acid project in Xingfu, Hubei Province, was announced and put into operation, indicating that Xingfu Company has made a new breakthrough in solving the technical problem of "sticking neck" of key electronic chemicals used in chip manufacturing. According to the product testing and analysis, the product quality is expected to reach the SEMI-C12 level, and the annual production capacity of high-end electronic grade sulfuric acid of Xingfu Company will reach 20, 000 tons. It is estimated that the production capacity of electronic-grade sulfuric acid will reach 40, 000 tons by the end of 2021, 60, 000 tons by the end of 2022, and further increase to 100000 tons by the end of 2023, covering some domestic customers of 8-inch and 12-inch wafer plants.

Li Guozhang, chairman of Xingfa Group, said that after more than a decade of careful cultivation and development, the electronic chemicals industry has become one of the core businesses of Xingfa Group, and the company is actively preparing to build a special area for electronic chemicals. to build an international first-class electronic chemical production base. Xingfa Group will continue to focus on the development of electronic chemicals, focusing on the construction of special areas for electronic chemicals, and plans to develop projects such as wet electronic chemicals, electronic-grade silicon materials, electronic-grade special gas, electronic-grade electroplating solution, electronic-grade grinding solution, electronic-grade precursors, etc., to further strengthen the company's new microelectronic materials industry.