Today (August 28), Shanghai Huide Technology Co., Ltd. (stock code: 603192.SH; hereinafter referred to as: Huide Technology) is officially listed on the Shanghai Stock Exchange.
According to the Huide Technology Prospectus, the company's main business is the research and development, production, sales and technical services of polyurethane resin products. The products are polyurethane resin products. The main product is polyurethane for synthetic leather, referred to as "polyurethane for leather". It is called "PU slurry". In addition to leather polyurethane, the company also produces and sells polyurethane elastomer stock solutions (including polyurethane modifiers) and polyester polyols. Among them, the polyurethane elastomer stock solution is the main raw material used to produce polyurethane elastomers; the polyester polyols produced by the company are mainly for personal use, and are intermediate products of the company's production of polyurethanes. The company also directly sells some polyester polyols. The main features of Huide Technology are as follows:
Huide Technology's prospectus disclosed that the company's operating income in 2015, 2016 and 2017 was 1.131 billion yuan, 1.174 billion yuan and 1.426 billion yuan; the net profit attributable to the company's ordinary shareholders was 28.817 million yuan and 9794.58 respectively Ten thousand yuan, 110.032 million yuan, as follows:
The prospectus shows that from the perspective of the chemical structure of the product, Huide Technology belongs to the fine chemical industry; from the molecular weight of the compound of the product, the company belongs to the polymer (polymer) materials industry.
According to the "Thirteenth Five-Year Plan" plan formulated by the Ministry of Science and Technology, the Ministry of Industry and Information Technology, polymer materials will be included in the "13th Five-Year Plan" national strategic emerging industry development plan as an important part of the emerging industry, and will be included in the national key special plan In the next five years, polymer materials will become the focus and focus of the development of the basic materials industry, and the polymer material industry will continue to maintain a high growth rate in the future.
The Huide Technology prospectus stated that polyurethane is an emerging organic polymer material, known as the "fifth largest plastic", and is widely used in many areas of the national economy because of its excellent performance. Polyurethane for leather is the main raw material for the production of synthetic leather. Synthetic leather is made of wool cloth as the base and made of PU slurry. Because of its rich colors, good material elasticity, natural texture, soft touch, and strong appearance, it is widely used in clothing, bags, Footwear, furniture and other consumer industries.
Huide Technology's prospectus disclosed that from 2007 to 2013, China's leather polyurethane industry continued to increase its output. The total output in 2007 was about 1.14 million tons, and the total output in 2013 was about 2.01 million tons. During the period, the compound growth rate was about 10%. In 2014 and 2015, the total output of the leather polyurethane industry decreased to 1.94 million tons and 1.9 million tons, respectively, while the total output in 2016 increased to 1.97 million tons.
According to the "Thirteenth Five-Year" development planning recommendations given by the China Polyurethane Industry Association, the main development goals of polyurethane resins for leather during the "13th Five-Year Plan" period are as follows: First, to accelerate the development and industrialization of polyurethane resins for environmentally-friendly leather. Solvent-based polyurethane, water-based polyurethane, and thermoplastic polyurethane elastomer (TPU). Establish production facilities with an annual production capacity of 20,000 tons or more to form an industrial scale. Second, vigorously develop polyurethane resins for functional leather and expand their application scale. , Mainly including flame retardant resin, shape memory resin, high moisture permeability resin, four anti-type (fire, water, oil, anti-static) resin, self-cleaning resin, durable resin, etc .; The development of major special additives to improve the localization rate of five major types of additives for polyurethane synthetic leather (resolving failures, improving processing properties, adding functions, adjusting surface effects, and surface treatments).
Huide Technology stated that after the issuer's first extraordinary shareholders meeting in 2017, the raised funds were invested in the "project of 180,000 tons of polyurethane resin and its modified body per year", "technology research and development center project", "intelligent Reconstruction project ", as follows:
According to the Huide Technology Prospectus, the situation of this investment project is as follows:
The annual investment of 180,000 tons of polyurethane resin and its modified products mainly includes the construction of new polyurethane resin, polyurethane modified, water-based polyurethane and thermoplastic polyurethane elastomer (TPU) production lines, as well as supporting office buildings, warehouses, hydropower equipment, Fire-fighting facilities and sewage treatment equipment. The project is located in Long'an Industrial Park, Fuding City, Ningde, Fujian Province.
The technology R & D center project is mainly engaged in the R & D and small trials of various polyurethane resin products. The project implementation site is located in the existing factory area of Shanghai Jinshan Second Industrial Zone Company, and the vacant real estate is used for renovation.
The intelligent project will carry out system intelligent transformation in the company's existing production plant. It is planned to build an open platform that supports equipment monitoring automation, security prevention automation, and network communication automation in the plant.