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Company Column
Shanghai Tianci Gaoyan New Material Technology Co., Ltd. was established on March 4. The company is wholly owned by Tianci Materials.
Fuduobang Technology Company and Jiulonghu Mining Company signed a 36.3% equity transfer agreement for Jinpeng Mining Company in Qingliu County on March 5.
Henan Jinhai New Materials Co., Ltd. and the Fluorosilicone New Materials Research Institute of Shanghai Institute of Organic Chemistry, Chinese Academy of Sciences, held a signing and unveiling ceremony on March 9.
3M, on March 8, announced that its board of directors has approved plans to spin off its healthcare business, which will be renamed Solventum Corporation. The company will spin off from 3M on April 1, 2024, and has applied to list on the New York Stock Exchange.
Honeywell and Hisense Home Appliances Group Co., Ltd. have reached cooperation in the field of refrigerant applications.
Tianci Materials, Duofuoduo, and Tianji shares hit the daily limit. Huasheng Lithium, Yongtai Technology, Shenghua New Materials, Shenzhen Xinxing, and Lianchuang shares rose by more than 5%. On March 11, the lithium battery sector surged across the board, and some fluorine chemical sector stocks It also keeps rising.
Lee & Man University released its performance report for 2023 on March 8. In 2023, Lee & Man Industries' total revenue was NT$3.724 billion, a year-on-year decrease of 31.0%, and its profit for the year was NT$370 million, a sharp decrease of 65.3% year-on-year. Among them, the gross profit margin of the chemical business fell by 13.1 percentage points year-on-year to 26.0%, and the net profit margin also fell by 9.8 percentage points year-on-year to 9.9%.
Dongyue Group, on March 12, issued a profit warning. Based on a preliminary review of unaudited comprehensive management accounts and existing information at the end of 2023, the net profit attributable to the company's owners fell.
Syensqo's full-year net sales were 53.5 billion yuan, and its basic net profit was 5.92 billion yuan.
Tianci Materials, on March 8, announced that it plans to suspend production and maintenance of its 30,000-ton liquid lithium hexafluorophosphate production line starting from March 11, 2024. The maintenance is expected to take no more than 30 days.
The multi-functional laboratory project of the provincial engineering technology center of Chenfu Company - the multi-functional laboratory of the Fluorine Chemical Engineering Technology Center for Comprehensive Recycling of Associated Fluorite in Hunan Province has officially started construction and is scheduled to be completed by the end of June 2024.
Shandong Huimeng Biotechnology Co., Ltd., on March 12, issued the environmental impact assessment documents for the annual production of 2,000 tons of 2-hydroxy-6-trifluoromethylpyridine and the annual production of 1,000 tons of 2-chloro-3-trifluoromethylpyridine. According to the announcement, the company plans to invest 45 million yuan to build the existing DCTF workshop in the factory.
Chemours Sanaifu Fluoride (Changshu) Co., Ltd. is expected to build a "HFO refrigerant technical transformation project with an annual output of 23,000 tons" based on the existing equipment in the factory, with a planned investment of 12.5 million yuan.
Inner Mongolia Yonghe Fluorine Chemical Co., Ltd. has disclosed a patent: a method for synthesizing perfluorohexanone from hexafluoropropylene, Publication No. CN117623892A.
The ETFE and peroxy-vulcanized medium-resistant perfluoroether rubber developed by Zhejiang Jusheng Fluorochemical Co., Ltd. for architectural membranes successfully passed the expert review of provincial new industrial products.
The Shanghai Institute of Ceramics, Chinese Academy of Sciences, proposed for the first time a proton-type electrolyte based on a strong solvation weakening strategy, and developed a large-size soft-packed fluoride-ion battery, which is expected to move the fluorine-ion battery beyond the proof-of-concept stage.
Policy Column
The Ministry of Emergency Management, on March 12, issued the "Catalogue of Phased Out Outdated Hazardous Chemicals Safety Production Technology and Equipment (Second Batch)".
The Comprehensive Department of the National Mine Safety Supervision Bureau issued a notice to carry out special rectification of safety production in fluorite mines, clearly mentioning that "a group of areas with outstanding problems must be closed and withdrawn, a group of integration and reorganization, and a group of transformation and upgrading."
