Main listed companies in reverse osmosis membrane industry: Dow, Ridong Electric Co., Ltd. (6988) and Toray (3402).
The core data of this paper: the market share and gross profit margin change of reverse osmosis membrane in representative enterprises of seawater desalination equipment production industry.
The overall competition pattern of reverse osmosis membrane industry, domestic enterprises have a small market share.
At present, the reverse osmosis membrane market enterprises are mainly concentrated in internationally renowned membrane manufacturers, and most of them are diversified large enterprises, such as Dow Chemical, Ancheng Energy and Toray. The membrane business is only a department under its diversification strategy. It is worth noting that major companies expand their business areas to water treatment or membrane manufacturing industries, and then acquire existing companies and businesses to gain market share and category technology.
At present, 90% of the reverse osmosis membrane market in China is imported membrane. Among them, the membrane products of Hydranautics/Nitto Denko and Dow Chemical /Filmtec of the United States account for about 70% of the market share in China, while other foreign membrane manufacturers, such as Koch/Fluid System of the United States, Osmonics/Desal of South Korea, csm/Saehan and Toray * * * of Japan, account for about 65,438+05% of the market share.
The application of membrane technology in China started late, but after 2000, there were many participants in the industry, but most of them mainly produced ultrafiltration membranes. At present, the well-known reverse osmosis membrane manufacturers in China include Guizhou Times Wharton Technology Co., Ltd., Beijing Bi Shuiyuan Membrane Technology Co., Ltd., Tangshan Haiqingyuan Technology Co., Ltd., Tianjin Membrane Technology (Ultrafiltration Membrane), Bluestar Dongli Membrane Technology Co., Ltd., Hangzhou Yimo Environmental Protection Technology, Hunan Qin Sen Environmental Protection High-tech Co., Ltd., Hangzhou Water Treatment Technology R&D Center and Shandong Jiujiu.
Compared with well-known foreign-funded enterprises, domestic reverse osmosis membrane production enterprises are mostly small in scale, weak in technical strength and unstable in product quality. But its advantages lie in its low price, the support of downstream water treatment and environmental protection engineering enterprises, a complete industrial chain and a huge domestic demand market. At present, the localization rate of domestic reverse osmosis membrane is high, but the localization rate of industrial reverse osmosis membrane needs to be improved.
Sub-industry-seawater desalination reverse osmosis membrane domestic enterprises are in the period of technological breakthrough, and the competition is gradually strengthened.
Seawater desalination has made great progress in recent years, and the related equipment and investment scale are increasing. According to incomplete statistics, at the end of 20 19, there were 1 15 seawater desalination projects in China, and the project scale was nearly 160 tons/day. At the same time, the standard system of seawater utilization has been gradually improved, and major breakthroughs have been made in large-scale international seawater desalination projects contracted by domestic enterprises, especially in key technical fields.
With the localization of core equipment and key technologies, the ability of system integration and engineering construction of seawater desalination industry has been continuously broken, and it has entered a very critical stage.
1, seawater desalination equipment industry
In terms of market segments, the key enterprises in the seawater desalination equipment industry in China include Zhejiang Liang Hai Co., Ltd., Liang Shuang Energy Saving System Co., Ltd., Dow Chemical (China) Investment Co., Ltd., Admiralty Environment Co., Ltd., Zhejiang Jiulite Material Technology Co., Ltd., Tianjin Membrane Technology Co., Ltd. and Bluestar Dongli Membrane Technology Co., Ltd..
Except for Dow Chemical (China) Investment Co., Ltd. and Bluestar Dongli Membrane Technology (Beijing) Co., Ltd., all other companies are listed. It can be seen that the competition in China's seawater desalination equipment industry is gradually strengthening, and the overall operating strength of enterprises is enhanced.
Gross profit margin can reflect the profitability of enterprises, and asset-liability ratio can reflect the borrowing scale of enterprises. Analyzing these two factors is helpful for investors to judge.
In terms of gross profit margin, among the listed enterprises represented by the national key seawater desalination equipment production enterprises, the gross profit margin of Admiralty Environment has been at a high level in the first quarter of 2015-202/kloc-0, and the overall change is similar to the average change of gross profit margin; Liang Hai shares have been around 5%, and its gross profit margin is low among representative enterprises. In these representative enterprises, the average gross profit margin fluctuates around 25%.
2. Competition among seawater desalination engineering enterprises
There are few seawater desalination engineering enterprises in China. At present, the well-developed enterprises are: Shanghai Ba 'an Water Co., Ltd., Wright Ryder (Beijing) Environmental Technology Co., Ltd., Shandong Haihua Co., Ltd., South Huitong Co., Ltd., China International Shipping Container (Group) Co., Ltd., Beijing Bi Shuiyuan Technology Co., Ltd. and so on.
In terms of gross profit margin, in the first quarter of 2015-202/kloc-0, the gross profit margin of South Huitong fluctuated around 38%, which was at a high level among domestic representative enterprises. Shandong Haihua and CIMC have always been below average, fluctuating around 15%. The average gross profit margin of representative enterprises in China's seawater desalination engineering industry has little change with time, fluctuating around 27%.
Sub-industry-reverse osmosis membrane high salt wastewater treatment environmental protection policy promotes enterprise development
The high-salinity wastewater treatment market in China is mainly chemical enterprises to treat the industrial high-salinity wastewater discharged by them. However, in recent years, with the implementation of China's environmental protection policy, some excellent manufacturers of high-salinity wastewater equipment have emerged, such as Beijing Jialin Biotechnology Co., Ltd., Henan Hanyu Environmental Treatment Co., Ltd., China Offshore Oil Corporation, Henan Hanyu Environmental Treatment Co., Ltd. and Beijing Zhongke Guo Yi Environmental Protection Engineering Co., Ltd.
20 16 June, the Ministry of industry and information technology issued the industrial green development plan (20 16-2020), proposing that by 2020, the green manufacturing system will be initially established. Under the national policy of developing high-tech industry and "green industry", the high-salt wastewater treatment enterprises in China will be further supported and developed.
With the continuous expansion of industrial water treatment scale and the continuous improvement of water treatment requirements, the demand for industrial separation membranes has further changed to the high end. At present, the high-end market of industrial membrane is dominated by well-known foreign brands, and the localization rate is low, which is still in the process of localization.
You Jinde, Secretary General of the Asia-Pacific Seawater Desalination Association, believes that the membrane industry is a technology-driven industry and is still in the growth stage. In order to ensure the long-term stable and healthy development of the industry, it is necessary to continuously promote technological upgrading, improve and optimize product structure, and expand application fields.
—— For more industry information, please pay attention to the Analysis Report on Market Foresight and Investment Strategic Planning of Reverse Osmosis Membrane Industry in China issued by Forward-looking Industry Research Institute.