Huachang Chemical issued an announcement on the establishment of a wholly-owned subsidiary for foreign investment in the evening of April 17. Subsidiaries will be implemented as the main body and a new 1 million tons/year new fertilizer project will be built. The announcement stated that it is planned to set up a wholly-owned subsidiary, Jiangsu Huachang Chemical (Shuishui) Co., Ltd., to invest in a new fertilizer project of 1 million tons/year in the Xuexing Chemical Concentration Zone in Yishui County. The project is planned to be implemented in two phases. The first phase will be constructed at 600,000 tons/year. It is expected to be completed within one year and will realize an operating income of 1.34 billion yuan. The first phase of production will be followed by the second phase of expansion and production will be completed within two years. It is expected that the overall operating income will be realized. It was 2.229 billion yuan.
According to the feasibility study report disclosed by Huachang Chemical, the total investment for the project approval was over 400 million yuan, of which construction investment was 357 million yuan. The technology adopts high tower melt granulation method and the production process of acid urine melting roller granulation. After completion, it can produce 200,000 tons/year compound fertilizer, 200,000 tons/year high-nitrogen chlorine-based urea ammonium nitrate, 200,000 tons/year high-nitrogen compound fertilizer, and 50,000 tons/year extrusion granulation chlorine Base compound fertilizer, 50,000 tons/year sulfur-coated urea, 100,000 tons/year BB fertilizer, 200,000 tons/year organic-inorganic compound fertilizer.
In 2011, Huachang Chemical achieved total operating revenue of 4.122 billion yuan and net profit of 80.13 million yuan. In the first quarter of 2012, net profit was 6.62 million yuan, a year-on-year decrease of 24.7%; total operating revenue was 957 million yuan, a year-on-year increase of 15.13%. By the end of 2011, the company has formed an annual production capacity of 500,000 tons of synthetic ammonia, 600,000 tons of soda ash, 650,000 tons of ammonium chloride, 400,000 tons of urea, 1 million tons of compound fertilizer and other chemical products. It is currently the largest fertilizer in Jiangsu Province. manufacturer.
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