The hottest modified plastic project has been appr

2022-08-24
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The modified plastic project has been approved by the CSRC

it is understood that Qingdao Guoen Technology Co., Ltd. has been approved by the CSRC and plans to land on the small and medium-sized board of Shenzhen Stock Exchange. In China, plastic production enterprises are mainly small and medium-sized enterprises, most of which have an annual output of less than 3000 tons, nearly 70 of which have an annual output of more than 3000 tons, and few of which have an annual output of more than 10000 tons. Guoen will raise funds to invest in the modified plastic project with an annual output of 28000 tons

Qingdao Guoen Technology Co., Ltd., a supplier of household appliances and automobiles, has obtained the approval of the CSRC and plans to land on the small and medium-sized board of Shenzhen Stock Exchange. The company plans to issue 20million shares and raise nearly 415million yuan to invest in the 28000 ton/year modified plastic project, the 14million piece/year high-efficiency low-noise air conditioning fan blade project and supplement working capital

in 2013, the company produced nearly 34000 tons of modified plastic particles. The output of air conditioning blades, an important variety of plastic products, is 9.91 million pieces, accounting for more than 3% of the domestic market

at present, the important customers who have established long-term and stable business relations with the company are mainly home appliance manufacturers, such as Hisense, LG, Midea, Hisense whirlpool, Skyworth, Samsung, TPV technology, Aucma, etc. at the same time, the company said that it also made efforts to develop end customers and supporting manufacturers in other industries such as automobile in 2012, such as General Motors Wuling, Dongfeng Xiaokang, Chang'an Automobile, Shanghai Volkswagen, etc

the company is headquartered in Qingdao, the largest home appliance production base in China, and has also established production bases in Nanjing, Jiangsu and Changcheng, Zhejiang. Compared with Goldilocks, the industry leader with an annual capacity of 800000 tons, Guoen is still small. However, data shows that there are nearly 1000 modified plastic production enterprises in China, with a total output of about 7.6 million tons. The annual output of most enterprises is less than 3000 tons, nearly 70 enterprises have an annual output of more than 3000 tons, and few enterprises have an annual output of more than 10000 tons

the capacity utilization rate of the company in the past three years is close to or more than 100%, and about 7% of its business is outsourced to other factories. This expansion is expected to accelerate the satisfaction of customer needs and promote business growth. At present, the company has 18 extrusion production lines and 125 injection molding machines

its 288 million ton capacity expansion automobile light 2. The demand for quantification of inorganic non-metallic materials will be further increased, including: modified PS, 7000 tons, mainly used for household appliances; 8000 tons of modified PP, used for car bumpers and interior trim parts; 4000 tons of modified ABS for household appliances, automobiles, electronic and electrical components; 8000 tons of reinforced as air conditioning blade materials, mainly for the company's own use; And 1000 tons of plastic alloys and other materials for household appliances, automobiles, electronic and electrical components, etc. In 2013, Qingdao Guoen achieved a net profit of 51.8861 million yuan, with a net asset of 258 million yuan by the end of 2013

the gross profit margin of the company has been around 20% in the past three years, of which the injection molding business is slightly higher than the modification business. The gross profit of its modified business reached 18.5% in the first nine thousand months of 2014, which was at a high level compared with its peers

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