On the evening of September 23, China`s leading nano-zirconia and zirconium-based material manufacturer FJSX Advanced Materials Technology Group disclosed a plan for non-public issuance of A shares. The total amount of funds to be raised will not exceed 280 million yuan. After deducting the issuance costs, it is planned to invest in Expansion project of R&D center and production line for producing 1500 tons of nano-zirconia ceramic materials.
Hay Think noticed that FJSX has been investing continuously in the field of new materials recently. After just announced last month that it will "join hands" with CATL, the world's largest lithium battery manufacturer, to jointly invest in the magnesium-aluminum alloy business, the company has extended its business "tentacles" to the downstream application of zirconium basic materials.
Plan to raise 280 million yuan
The total amount of funds raised from the non-public issuance of shares does not exceed 280 million yuan. The net proceeds after deducting the issuance costs are planned to be invested in special ceramic projects with an annual output of 1,500 tons and advanced ceramic materials research and development laboratories.
Specifically, the total investment of the 1,500 tons of special ceramics project with an annual output of 233 million yuan, the planned investment of 137 million yuan; the total investment of the advanced ceramic material research and development laboratory project is 20 million yuan, the planned investment of 19 million yuan of raised funds, and the repayment of bank loans It is planned to invest 14 million yuan in raising funds.
The new materials industry is one of China's nine strategic emerging industries, and it is also the cornerstone and leader of China's future high-tech industry development. "Made in China 2025" and "Thirteenth Five-Year" National Strategic Emerging Industry Development Plan have successively proposed to focus on the development of the new material industry, vigorously promote breakthroughs in key areas, and aim at the new generation of information technology, high-end equipment, new materials, and biology. The strategic focus of medicine, etc., guides the gathering of various resources in the society, and promotes the rapid development of advantageous and strategic industries.
As one of the leading enterprises in the zirconia new material industry, FJSX has the advantages of a vertically integrated industrial chain, the variety and scale of zirconia basic raw materials, and the advantages of technology accumulation for many years in the industrial application field. It is precisely in this context , FJSX chooses to continuously extend to the downstream terminal application field.
FJSX said that the implementation of this fundraising project will enable the company to move from the upstream raw material field of the zirconium industry chain to the downstream zirconium-based material application field, which is an extension of the company's existing zirconium industry vertical chain, thereby further expanding industrial integration Competitive Advantage.
Continuous investment in the field of new materials
FJSX was established in 1991. Since its establishment, the company has been focusing on the research and development, production and sales of new industrial materials such as stable zirconia, high-purity zirconia, nano-zirconia, and high-purity metallic zirconium.
Its fused zirconia purification technology and single crystal fused aluminum grain control ratio are world-leading.
In 2016, the company was listed on the Shanghai Stock Exchange. At present, the company has formed four core products of fused zirconia, sponge zirconium, zirconium oxychloride and new casting materials.
On March 6, 2020, SX Zirconium Magnesium Material Technology, a wholly-owned subsidiary of FJSX, and China’s leading amorphous alloy/liquid metal technology group signed the "Amorphous Alloy (Liquid Metal) Project Cooperation Investment Agreement" to jointly invest in Africa Crystal alloy (liquid metal) project.
On June 8, FJSX announced that it will jointly invest 100 million yuan to establish a nano zirconia project with its partners; the company invested 68 million yuan and the partner Fang Shi Zhengjun invested 32 million yuan. The company said that this cooperation will further enhance the company’s competitiveness , To enhance the company's overall profitability.
Two months later, the company announced that it will join hands with partners such as CATL, the world's largest lithium battery manufacturer, to jointly invest in the magnesium-aluminum alloy structural parts business.