Summary: in recent years, we have introduced a number of policies to support the development of cold banks, which have contributed to the steady increase in the size of our cold bank, but the capacity of the most powerful enterprises has been declining. In 2021, the share of the top 100 enterprises in the national total was approximately 38. 99 per cent, a decrease of 4. 47 percentage points over the same period, a decrease in the concentration of the industry and a more fragmented market pattern. In terms of the regional distribution of cold-banked companies, the country's cold-banked companies are characterized by the distribution of “small and small” companies; in terms of the distribution of the storage capacity of cold-banked companies, the country's cold-storage capacity is mainly medium-sized, and the super-large cold-storey is small。
Keywords: refrigeration, snow share, ice wheel environment
I. Competition patterns: the market concentration of the cold-storage sector is low and the cold-storage capacity in east china is well advanced
Refrigerated tanks are one type of equipment that is used manually to create an environment different from the outdoor temperature or humidity and which is also a storage facility for food, liquids, chemicals, medicines, vaccines, scientific experiments, etc. Refrigerators are usually located in or near the port of transport or the place of origin, and are larger and have common refrigeration principles. In general, cold storage is mostly cooled, using liquids with low gaseous temperatures (ammonium or freon) as a coolant, which evaporates under low pressure and mechanically controlled conditions, absorbs the heat in storage and thereby cools cooling down。
According to data from the central cold alliance, in 2021 the national treasury stood at 5. 224 million tons, an increase of 2. 98 million tons over the previous year, or 6. 05 per cent over the previous year, and the stock of the 100 powerful enterprises at 2. 037 million tons, a decrease of 1. 04 million tons over the previous year, or 4. 86 per cent over the previous year. In 2021, the new coronary epidemic affected residents with limited movement, significantly reduced sub-line consumption, increased market demand for online shopping, instant distribution, trans-regional transport, etc., and a strain on the nation's cold bank. In recent years, we have introduced a number of policies to support the development of cold banks, which have contributed to the steady increase in the size of our cold banks, but the capacity of the 100 powerful firms has shown a downward trend. In 2021, the share of the top 100 enterprises in the national total was approximately 38. 99 per cent, a decrease of 4. 47 percentage points over the same period, a decrease in the concentration of the industry and a more fragmented market pattern。
According to the regional distribution of cold-banking enterprises, in 2021 the eastern part of china, with 9. 168,000 tons of storage capacity, accounting for about 45 per cent of the top 100 enterprises, followed by 4. 068 million tons, or 20 per cent, in addition to the northern part of china, 8. 5 per cent of the south-west, 7. 9 per cent of the south-west, 5. 6 per cent of the north-east and 4. 4 per cent of the north-west, show the overall distribution of cold-banking firms。
In terms of the distribution of storage capacity among the top companies in the cold bank, in 2021 the top companies in the cold bank had over 100,000 tons of storage capacity. Of these, enterprises with a storage capacity of less than 200,000 tons account for 62 per cent, those with a storage capacity of between 200,000 and 300,000 tons account for 22 per cent, and those with a storage capacity of more than 300,000 tons account for 16 per cent. Overall, the country's cold storage capacity is mainly medium-sized, with oversized cold storage being small。
Focused businesses: headline firms accelerate the exploration of green low-carbon products and promote information platform development
Snowman shares: deep-growing compressors and ice-making operations, refinement of spiral compressor product matrix
The snowman shares were established in 2000 and were successfully listed in 2011 at the deep cross. In 2010, the company introduced the swedish ssm screw compressor; in 2013, the refcomp company of italy was acquired; and in 2014, the srm and refcomp brands entered the volume production period. After more than a decade of development, the company has become a high-technology enterprise with compressors as its core, collecting heat for power generation, new energy sources, commercial and commercial refrigeration and the development, design, manufacture, marketing, engineering installation and after-sales service. Among them, the company's ice-making equipment and ice-making system operations include the development, production and marketing of ice-making, ice-storage, ice-delivery equipment and systems. Products are used mainly in the areas of cold-chain construction in food processing, commercial super-logistics, distant-water fishing, concrete cooling, including hydropower, nuclear power, construction engineering, etc., artificial environmental areas such as cooling of mines, energy conservation, such as energy-saving conservation, and response by the fine chemical industry in the areas of cooling, artificial ice, food ice and pharmaceutical medicine. At present, in the ice-making industry, companies have the highest combined market occupancy rate. They are the leading firms in the ice-making industry and are part of the national refrigeration commission's ice-making working group, which sets national and industry standards。
According to the enterprise annual report, in 2021, corporate refrigeration equipment manufacturing and other operating revenues amounted to rmb 1,250 million, an increase of 53. 13 per cent over the previous year. In 2021, the epidemic control of our country entered normality, the national economy began to recover, demand for refrigeration equipment in the downstream market was steadily warming, companies continued to operate in the core areas of deep-tilled compressors, tapping new demand and applications, accelerating the expansion of technology, products and services, accelerating its application in areas such as cold-chain logistics, and increasing significantly the production of refrigeration equipment and other operating revenues. In the first half of 2022, the company's revenue from refrigeration equipment manufacturing and other operations was $533 million, a decrease of 2. 33 per cent over the same period. In the first half of 2022, the multi-disturbation epidemic, with less than expected domestic economic growth, showed a downward trend in operating income。
In 2018-2021, the production of refrigeration equipment by companies showed a pattern of first-in-first-in-first-in-first-in-first-in-first-in-first-in-first-in-first-in-2021, when the production of refrigeration equipment by companies increased by 35. 28 per cent over the same period; sales increased by 34. 51 per cent over the same period from 1959 to 1959; and stocks increased by 3. 722 per cent over the same period, with a product distribution rate of 96. 90 per cent. In 2021, the company took over numerous refrigeration operations, such as the provision of concrete cooling systems for the large national water hub at the white crane beach hydroelectric station, and the application of ice-making equipment to a number of large-scale ice and snow sports stadium projects in the country, including artificial snow-making facilities in the zhang pocket of beijing。
According to the financial statements, in january-september 2018-2022, the cost of r & d rose annually, and in january-september 2022, public r & d costs were 56 million yuan, an increase of 16. 48 per cent over the same period. The company has long worked with leading universities in the country to raise the level of technological research and development. In 2021, it successfully passed a third-party evaluation of the results of its project on “key technology for auto-control of content over large helium screw compressors and cooler cryogenic applications”, which was completed with the central institute of science and technology. In october 2022, at the nÜrnberg heating refrigeration exhibition in germany, the company's independent brand snm tec was presented and presented a new generation of turn-on screw compressors, which were recognized by global customers with steady performance and excellent energy efficiency。
2. Ice wheel environment: increasing research and development inputs and promoting applications of low-carbon green products
Founded in 1956, companies develop and actively expand their energy-saving and environmental industries as a development strategy in the fields of cold-temperature environments, residual heat recovery, gas compression, industrial heat exchange, urban energy-saving heating, super-net emissions, and the production and marketing of their associated equipment packages. They specialize in food refrigeration, chemical process cooling, comfortable environmental air conditioning, scientific temperature control, process gas compression, building bone cooling, integrated heat applications, frozen soil exploration and waste treatment. The company's development career can be broadly divided into four phases: the start-up, career development, secondary entrepreneurship and internationalization。
In the initial phase, the company developed and produced its first pistol 4av-12. 5 chiller compressor in 1966, and in 1978, it tested and passed ministerial certification on its own successful screw compressor; during the career development phase, it developed various types of chiller compressors, which received national medals and received a grant of $2. 79 million from the world bank; during the second start-up phase, it actively expanded its foreign operations, developed new high-efficiency screw machines and validated its scientific and technological results, marking our country as the sixth country in the world to have an autonomous capacity to develop a screw compressor; and during the internationalization period, the company further expanded its product lines in the commercial refrigeration industry, including through acquisition and purchase, to enhance its capacity to service users of medium and small refrigeration systems。
According to the enterprise annual report, in the first half of 2018-2022, the business income from the sale of industrial products of companies grew each year, and in the first half of 2022, the business income from the sale of industrial products of companies was 1,884 million yuan, an increase of 11. 98 per cent over the same period. In the first half of 2022, the company focused on the development of key technologies for compressors, the integration of long-term magnetic machines and variable frequency regulation technologies, the realization of energy efficiency breakthroughs for the aircraft, strict compliance with international refrigerant regulations, and the continuous promotion of low-carbon refrigerant technological innovation and industrial applications. A number of its low-carbon green products serve the winter olympics stadium, for example, four large co2-barrel pumping units for the winter olympics speed skating field, a heat recovery co2-based ice system for the five pine sports centers, and new technologies and solutions for self-researched single-capture magnetic suspension centrifuges, among others。
In 2018-2021, company production of temperature control equipment and systems rose year after year. In 2021, company production of temperature control equipment and systems was 15097 units/sets, an increase of 22. 01 per cent over the same period; sales of 14847 units/sets, an increase of 20. 04 per cent over the same period; and inventories of 1088 units/sets, an increase of 29. 83 per cent over the same period, representing a rate of 98. 34 per cent. Through its own corporate marketing network, the company, with its leading technology and overall project contracting capacity in the industry, has a high share in areas such as commercial applications of green industrial refrigeration systems, and has contributed to the increasing volume of temperature control equipment and systems。
In the first half of 2022, the company's r & d investment was $0. 77 billion, an increase of 0. 51 per cent over the same period. In recent years, companies have increasingly invested in research and development, bringing together a wide range of scientific personnel, and now have strong technology systems and high-quality research and development teams for matrix management, with greater capacity for product development and technical services. The enterprise annual report shows that there are four compressors in the company's r & d input projects and two technology development projects. From the compressor project, the company is accelerating the development of more low-carbon, environmentally friendly compressor products to be applied to the next generation of environmentally friendly products, and from the technology development project, it is developing and developing fast-frozen technologies for the more hot-cooked pre-vegetation industry and for the elimination of new coronal viruses to meet the demand for greening, safe and personalized consumption。
The report on the state of competition in china's refrigeration industry and projections of the scale of development, 2023-2029, published by the advisory institute of mental studies, is based on authoritative data published by the national statistical office, government agencies and industry associations, combining the collection and analysis of in-depth research data, expert feedback data, and global data on internal operations, in order to improve the efficiency of client business decision-making. This report provides an in-depth study of the current state of the cold-storage industry and markets in china, and a careful judgement of future development prospects and trends based on the development trajectory of the industry. It provides an essential basis for decision-making for investors to look for new market investment opportunities and enter the investment configuration of the cold-storage sector。
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