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Changjiang Business Daily – Zhongxin Fluoromaterials: Leveraging Independent R&D Strength to Continuously Achieve Circular Economy Production
Release time:
2018-03-22
Zhongxin Fluoromaterials: Boosted by Independent R&D Strength Continuously achieve circular economy production.
On December 5, 2017, Zhejiang Zhongxin Fluoromaterials Co., Ltd.—a leading enterprise in the fluorchemical industry (hereinafter referred to as “Zhongxin Fluoromaterials,” stock abbreviation: “002915”)—successfully listed on the Shenzhen Stock Exchange, adding yet another powerful player to the refined organic fluorine sector within the fluorchemical industry.
Since its establishment, Zhongxin Fluoromaterials has focused primarily on pharmaceutical intermediates, agrochemical intermediates, new materials, and electronic chemicals. Leveraging its deep expertise in fluorine compounds, the company has gradually expanded its product portfolio into the field of advanced fluorinated compound processing—where technological barriers are high and value-added is substantial. At the same time, the company continues to advance the development of fluorine-free compounds by integrating its own technological capabilities.
It is understood that, after years of accumulation, the company has developed four major series—2,3,4,5-tetrafluorobenzene, fluoroacetophenone, piperazine, and 2,3,5,6-tetrafluorobenzene—as well as more than 20 types of fine fluorine chemicals. These chemicals are widely used in fields such as fluorine-containing pharmaceuticals, fluorine-containing agrochemicals, new materials, and electronic chemicals. Meanwhile, in both fluorine-containing compounds and non-fluorine products, the company has successively launched a series of fluorine compounds including 2,4-dichloro-5-fluorophenyl acetophenone, 2,3,4,5-tetrafluorobenzoyl chloride, and 2,3,5,6-tetrafluorobenzene, bringing the total number of products to over 20. In addition, the company is simultaneously engaged in the research and development and production of non-fluorine products such as the BMMI and N-methylpiperazine series.
Looking at the overall development trend of the fluorchemical industry today, in recent years, as the refrigerant industry has experienced a downturn, outdated production capacities have been gradually phased out. Coupled with increasingly stringent environmental regulations, the supply-demand dynamics of the industry are steadily improving. Meanwhile, specialized fluorchemical products—owing to their unique high value-added characteristics—provide crucial raw material support for the development of industries such as pharmaceuticals, agrochemicals, new materials, and electronic chemicals, thereby placing higher demands on their process technologies and manufacturing techniques.
As a leading player in the fluorine fine chemical industry, Zhongxin Fluoromaterials currently holds 24 invention patents and 10 proprietary technologies, with high-tech products accounting for over 80% of its annual operating revenue. Meanwhile, the company is the lead and core construction entity of the Zhejiang Province Green Fine Chemical Technology Innovation Service Platform. It also boasts a provincial-level high-tech research and development center and a provincial-level enterprise research institute. Its products “2,4,5-Trifluoro-3-methoxybenzoic Acid” and “2,3,4,5-Tetrafluorobenzoyl Chloride” have both been recognized by the Ministry of Science and Technology as “National Torch Program Projects.” Furthermore, the “1,200-ton-per-year project for intermediate compounds of the 2,3,5,6-tetrafluorobenzene series liquid crystal materials” has been listed by the National Development and Reform Commission and the Ministry of Industry and Information Technology as a special investment project for industrial revitalization and technological upgrading.
Recently, financial data from Zhongxin Fluoromaterials showed that in the first half of 2017, its net profit attributable to the parent company reached 232 million yuan, with operating revenue totaling 178 million yuan. In addition, the company expects its full-year operating revenue for 2017 to be approximately between 380 million and 410 million yuan, representing a growth of 10.44% to 19.16% compared to the same period in 2016. Net profit attributable to shareholders of the parent company is projected to be around 46.5 million to 49.5 million yuan, reflecting an increase of 41.92% to 51.08% over the same period in 2016.
It is worth noting that Zhongxin Fluoromaterials enjoys strong advantages in areas such as specialized chemical talent, raw material supply, industrial chain extension, supporting public utilities—and particularly in environmental governance. The development zone where the company is located has already established a wastewater treatment plant, implementing centralized collection and unified treatment of wastewater. At the same time, the company is vigorously pursuing independent process and technological innovation, continuously developing new green and environmentally friendly processes, achieving circular economy production, effectively reducing operational costs, protecting the environment, and mitigating environmental risks.
From the perspective of Zhongxin Fluoromaterials, the company has established stringent requirements across various aspects—including internal system development, daily production and operational management, energy conservation and environmental protection, and safe production—using the production management standards of active pharmaceutical ingredient (API) manufacturers as benchmarks. In fact, the company has obtained ISO 14001 certification for its environmental management system and GB/T 28001 certification for its occupational health and safety management system, and has also set up an internal control management system within the company. Thanks to years of persistent efforts, the company’s strengths in business management have earned it recognition and trust from numerous domestic and international customers. Meanwhile, the company’s efficient talent development and incentive mechanisms have enhanced the cohesion of its R&D team, strengthened the stability of its core technical team and technologies, and made its managerial advantages increasingly prominent.
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