Circular economy Bypass Brother technology double main business push up performance

Securities Times reporter Daibing is located in Zhejiang haining Brother Technology (002562) is currently in a series of preparations before the listing.　　As a leading enterprise in the field of vitamins and leather chemicals in China, Brother Science and technology in the determination of dual business development at the same time, to the circular economy to link the above main industries effectively, to add weights for future performance growth. Public data show that Brother technology is currently the world's largest vitamin K3 suppliers, 2009 the company's global market share of vitamin K3 nearly 30%, ranked first in the world, 2010 the company's Vitamin K3 global market share further increased to 37.92%; Due to the combination of vitamin K3 and chrome tanning agent,　　Therefore, the company is also China's largest manufacturer of leather chemicals, including chrome tanning agent in the global market share of more than 9%, ranked third in the world. In the past two years, the impact of the financial crisis, vitamin K3 product prices fell by a large, 2009 year-on-year decline of 45%, 2010 year-on-year decline of 11%. In this regard, CITIC investment securities Chemical industry researcher Li that, as the future market for raw materials prices are expected to be strong, with the brother technology market share of the continuous improvement, as well as the application of new technology, brother technology-related products yield will be greatly improved.　　Therefore, in a highly concentrated market situation, brother technology may be able to maintain a stable profitability. It is understood that the lower vitamin demand is more extensive, mainly concentrated in the feed, medicine, food and other fields, of which feed additive accounted for 60%, so the vitamin industry by the downstream feed industry and animal husbandry is the most influential. "From the proportion of dietary vitamins added, the European market is now larger, China and other Asian markets have a greater room for improvement."　　"Li points out. and brother Science and technology another main business-chrome tanning agent and leather auxiliaries for nearly three years price stability and a slight increase, and brother technology of leather chemicals performance quality are at the high-end, the future of leather products fashion, personalized needs or will further enhance the market space for high-end products.　　Leather industry is the pillar industry of Haining in Zhejiang Province, after nearly more than 20 years of development has formed a very special industrial cluster, Brother science and technology can rely on location advantages and industrial cluster advantages, to a faster speed, lower cost to obtain market demand information, multi-channel broaden the market, and further enhance the external visibility. While determining the development of dual main industries, circular economy will combine the two effectively, and improve the cost and environmental advantages of brother technology. According to the introduction, Brother Science and technology in the vitamin K3 and Chrome tanning agent production using a cogeneration process, the vitamin K3 production process will be produced in the comprehensive utilization of chromium-containing waste, for chrome tanning agent production. Everbright Securities Chemical industry analyst Wang Xixin said that the production process on the one hand to improve the utilization rate of resources and reduce environmental pollution, on the other hand, the company produces vitamin K3 and Chrome tanning agent has outstanding cost advantages and environmental advantages.