Great Writing! Guo En Shares Hit 200 Million To Build 20 High-End Melt Blown Nonwovens Production Line

Qingdao Guo en Polytron Technologies Inc (hereinafter referred to as "Guo en shares") issued a notice on May 25th that the company intends to set up a wholly owned subsidiary, Qingdao Guo en meltblown Industry Co., Ltd. (hereinafter referred to as "Guo en melt blown industry"), and plans to invest 20 yuan in the construction of 20 meltblown nonwoven production line projects with its own capital, and is committed to creating a high-end melt blown non-woven industrial chain. We plan to build 8 melt blown nonwoven production lines with a total investment of less than 80 million yuan. The two phase project will be planned according to the progress and market demand of the first phase of the project.

The Kuo en meltblown industry is located at No. 2 Road, Qingda Industrial Park, Chengyang District, Qingdao City, Shandong province. It has completed the business registration procedures and has obtained the business license issued by the administrative examination and approval service bureau of Chengyang District, Qingdao.

Zheng Yong, an analyst with CITIC Securities, said that the development of melt blown nonwovens began in the early 1950s, and was developed by the US Naval Research Institute for collecting radioactive particles from the upper atmosphere, and gradually entered the civilian market in the 60-70. The development of melted cloth technology in China is earlier than that. 20 at the end of 50s, the Shanghai Academy of textile science began to study this aspect. After the outbreak of SARS in 2003, the melt blown nonwovens developed very rapidly. By 2006, the production capacity of melt blown nonwovens reached nearly 40000t in China.

Because the process of producing melt blown special material by degradation method is similar to the production process of modified plastics, the main process is to buy peroxide from polypropylene homopolymer (PPH product) and then produce it after being processed by twin-screw extruder, so the modified plastics manufacturers including Daun share (expand production), golden hair technology, Guo en share, Jieshi Jie and Voight stock have started to melt. Spraying special material production capacity. According to CITIC Securities statistics, the current domestic polypropylene melt blown special material production capacity has reached 867-1300 tons / day, annual capacity of 26-39 tons, to meet the daily production of 7.9-11.8 billion masks.

Zheng Yong said, statistics show that the current domestic polypropylene melt blown special material production capacity has reached 867-1300 tons / day, annual capacity of 26-39 tons, to meet the daily production of 7.9-11.8 billion masks demand. Compared with the total amount of more than 2000 tons of polypropylene in the polypropylene industry, the current volume of melt blown special material is about 300 thousand tons. Assuming that the weight of S layer in SMS composite non-woven fabric is the same as that of M layer, the amount of spun bonded material in the two layer S layer is about 600 thousand tons, and the polypropylene demand in the mask industry should be less than 1 million tons, which is less than 5% relative to the total industry.

Taking all factors into consideration, Zheng Yong believes that the impact of masks on the total propylene and polypropylene industry is relatively limited. The sharp rise in prices is affected by short supply, changes in oil prices and changes in production structure. In the medium to long term, it should be returned to a reasonable price range. The production and expansion of the masks should be able to gradually meet the production demand of domestic masks.

At present, with the rapid spread of the overseas epidemic situation, the export orders of the large scale masks enterprises are increasing rapidly, and the supply of the masks is in short supply. Guo en shares started the transformation of some parts of the national base as early as 2020. At present, meltblown polypropylene products have been produced in large scale and the industry has been leading in electret and antibacterial products, and the production capacity of the company's mask meltblown can reach 300 tons / day. Assuming that the current capacity load is 90%, the company's net profit is expected to reach the best level in terms of the current melt charge price. In the future, all the new purchased production lines are in place, and after installation and commissioning, the masks of the company can reach more than 500 tons per day by using melt blown materials.

According to public information, Guo en shares is mainly engaged in R & D, production, sales, distribution and technical services of all kinds of lightweight materials. Its products are applied in the fields of appliance, automobile, 5G communication, smart home, special purpose vehicle, new energy vehicle, charging pile and so on. The sex materials sector is the two wings, which will promote the coordinated development of new materials in various fields.

Guo en shares, formerly known as Qingdao Guo en Technology Development Co., Ltd., was founded in December 2000. It was changed to Limited by Share Ltd in August 2011, and was listed on the Shenzhen stock exchange in June 30, 2015. The company has 6 subsidiary companies including Guo en complex, Guo en sports lawn, Guo en plastic trade, Guangdong Guo en, Guo Qi photoelectricity and Yiqing biology, and two subsidiaries of long Chuang Technology 1. On the basis of the original modified materials and medical capsule business, it has expanded the advanced polymer complex. Composite materials, photo display materials, artificial lawn, special purpose vehicle and modular house business.

According to the financial report, in the year of 2019, the revenue of Guo en stock was 5 billion 69 million yuan, an increase of 36.12% over the same period last year. The net profit attributable to the parent company was 396 million yuan, an increase of 28.39% over the previous year. In the first quarter of 2020, Kuo en shares realized 1 billion 154 million yuan, an increase of 28.23% over the same period last year, and the net profit attributable to the parent company was 102 million yuan, up 28.18% over the same period last year.