Dalian Ligong Safety Equipment Co.,Ltd
Xinfengming (603225) February 25 announcement, in order to extend the upstream industrial chain, the company plans to start construction of Dushan Energy annual output of 2.2 million tons of PTA project with a total investment of 4 billion yuan, is scheduled to be completed in the third quarter of 2019 Put into production. After calculation, after the project is put into production, the annual revenue of the project is estimated at 11.56 billion yuan. The total profit of the project in normal years is 8.7 billion yuan.
It is reported that the polyester polyester industry is highly competitive, the upstream refining industry has become an extension of the industry trend. Upstream of polyester filament for the petrochemical industry, PTA and MEG for the production of polyester filament main raw material, accounting for about 85% of polyester filament production costs. Xinfengming is one of the domestic manufacturers of polyester filament yarn with an annual output of over one million tons. Its main business is the research and development, production and sales of civilian polyester filament yarn. It is reported that the new Fengming has formed 2.73 million tons of polyester filament production capacity, PTA annual demand of more than 2.3 million tons, all PTA produced by the company for their own use. The company said that the funds needed for the project investment by the enterprises themselves or part of the bank loan application.
According to the analysis from the insiders, since the second half of 2017, driven by the upside of raw materials and the improvement of supply and demand, the PTA price center of gravity has been climbing steadily. From a long cycle perspective, the PTA industry has entered the boom up cycle. Meanwhile, since the second half of 2016, the polyester filament yarn industry has also started a new round of prosperity cycle. As a result, the industry started operation. The inventory situation and profitability have been significantly improved.
Xinfengming 2017 Performance Express shows that in 2017, the company achieved operating income of 22.963 billion yuan, an increase of 31.39% over the previous year; net profit attributable to parent company of 1.497 billion yuan, an increase of 104.57% over the previous year, . At the same time, Xinfengming's controlling shareholder proposed to distribute cash dividend of 2.6 yuan (tax included) for every 10 shares to all shareholders in 2017 and 4 shares for every 10 shares
. The rupture disc safety devices our company produces are also widely used in the petrochemical industry.
Copyright © Dalian Ligong Safety Equipment Co.,Ltd All Rights Reserved.