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[Industry Focus]：Capital increase of 0.6 billion yuan, Guangxi Huayi new materials 200000 tons of epoxy resin special new materials project capital increase announcement

Read： 577 Time：18months ago Source：环氧树脂及应用

On April 30, Shanghai Huayi Group Co., Ltd. invested 200000 tons/year with its holding subsidiary Guangxi Huayi New Materials Co., Ltd.

epoxy resin

special new materials project. This move aims to expand the scale of the new material industry, enhance the layout of the industrial chain, and further promote the integrated development of the Qinzhou base.

According to the announcement, the total investment amount of the project is 1988.9 million yuan, and the capital increase amount for Guangxi new materials, the main investor, is 596.68 million yuan. Among them, Guangxi New Materials will accept capital increase from Shanghai Huayi Group Co., Ltd. and the company's controlling shareholder Shanghai Huayi Holding Group Co., Ltd. for project construction. Investors will inject capital according to the proportion of equity, of which Shanghai Huayi Group Co., Ltd. will increase its capital by 358.01 million yuan, and Shanghai Huayi Holding Group Co., Ltd. will increase its capital by 238.67 million yuan, holding 60% and 40% of Guangxi New Materials respectively.

Basic situation of project investment

project Name:200000 tons/year epoxy resin special new material project

project site selection: the project is located in the Petrochemical Industrial Park of Guangxi Qinzhou Port Economic and Technological Development Zone. The project covers an area of 150346 square meters (about 226 acres).

Project construction content: the construction production capacity of the project is 165000 tons/year liquid epoxy resin device, 12000 tons/year solid epoxy resin device, 10000 tons/year formula resin device, 14000 tons/year bisphenol F epoxy resin device, 10000 tons/year epoxy diluent device, 57.5 m3/h brine refining device, as well as intermediate storage tanks, raw material and product storage tanks, warehouses, loading and unloading stations, transformation and distribution stations, cabinet rooms, circulating water stations, refrigeration stations, incinerators, production auxiliary buildings, central control rooms, maintenance workshops/spare parts warehouses, analytical laboratories and other supporting utilities and auxiliary facilities.

Project construction period:18 months.

Project investment and financing methods: the total investment of the project is 1988.9 million yuan, including 1703.31 million yuan for construction investment, 45.97 million yuan for financing during the construction period and 239.62 million yuan for working capital. The capital of the project is 596.68 million yuan, and the remaining 1,392.22 million yuan is borrowed by the bank.

According to the forecast and analysis of the project investor, the project can achieve an average annual sales income of 3,166.74 million yuan and an average annual profit of 143.93 million yuan. However, the announcement also mentioned the risks of fierce market competition and overcapacity, but said it would respond to challenges and enhance competitiveness through measures such as technology upgrading and cost control.

This cooperation is not only an important layout of Shanghai Huayi Group in the field of new materials, but also a strong support for the integrated development strategy of Guangxi base. With the advancement of the project, it is expected to inject new vitality into the local economic development and enhance the competitiveness of regional industries.

As of the announcement, the project has completed the registration of industrial and commercial changes, and the capital increase has also been reviewed and approved by the board of directors and the independent board of directors, and will be submitted to the company's shareholders meeting for deliberation.

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