Mei Da Shares: The Largest And Largest Production Base Of Nylon In China

China's strongest

Mei Da shares are the leading enterprises in the domestic nylon industry, and the slice and spinning capacity of the company ranks first in China.

Because nylon has high wear resistance, fatigue resistance and good dyeing properties, it is mainly used in engineering plastics, nylon clothing, precision parts, precision machinery parts manufacturing and so on.

So far, the company has completed more than 20 research and development projects from the state, provincial and municipal levels, and the company has independently developed more than 30 new products and 8 patent applications.

Among them, cold resistant high impact composites developed in recent three years and nylon 8 full dull FAY fiber have been identified as national key products by the Ministry of national technology.

At present, there are 3500 employees in the company, with an annual output of nearly 200 thousand tons of nylon 6 chips, 70 thousand tons of filament and 4 thousand and 800 tons of high-grade knitted fabric, with an annual output value of about 5 billion yuan.

In addition to the new headquarters, there are three subsidiary companies in Sichuan, Nanchong, Meihua, Hunan, Changde, Meihua and Tsuruyama Mika.

The goal of Mei Da is to build the strongest and largest nylon base in China.

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Investor: does the company have no pricing power in the supply of raw materials? Will the price increase of raw materials, especially caprolactam, affect the main products and prices of the company?

Mei Da shares: at present, the company's products are not positively related to the price fluctuations of lactam and petroleum raw materials.

In fact, the price fluctuation of caprolactam is affected by many factors, and the fluctuation of raw material prices is only one of them.

This year, for example, the price of petroleum is far less than 08 years, but the price of caprolactam has reached a record high of 08 years.

The effect of petroleum on caprolactam is more related to a psychological factor.

The other is the supply and demand factors. For example, when demand is booming, the demand of downstream manufacturers will promote the production of slicing factories.

These factors will share the price of caprolactam.

The distribution of caprolactam in the world is mainly distributed in Holland and Japan. The supply of caprolactam in China is only secondary.

In the past 09 years, the production of caprolactam in China has been around 340 thousand tons, while foreign growth is very limited, but domestic demand is increasing.

The change in the production of lactam in Europe will be indirectly influenced by the change of season.

As far as the current situation is concerned, the supply of caprolactam is the core problem that restricts the further improvement of the quality of the company, and it is also a difficult problem for the company to control.

In fact, this is not only a problem faced by the company, but also a problem that the whole industry has to face.

The change of the national policy in the face of the industry has also reflected the special position of the product in chemical fiber.

From the perspective of our company, we hope that the price of caprolactam will remain stable, so as to maintain the smooth and controlled operation of the company.

Investor: in April 22nd, the Ministry of Commerce announced the investigation of imported caprolactam originating in the United States and the European Union. What is the impact of the announcement on the company's performance?

Mei Da shares: when the Ministry of Commerce announced the announcement, it has issued relevant announcements on changes in the production and operation of macroeconomic policies.

Last year, China's dependence on the import of caprolactam was about 64%, especially high quality caprolactam raw materials were basically dependent on foreign imports.

Against this background, if the final determination of the anti-dumping result is established, it will be a negative impact on the healthy development of the company and the upstream and downstream of the nylon.

Investor: there is news that Mei Da shares will be injected into the assets of Guangdong Tianjian Industrial Group Co., Ltd.

Mei Da shares: for the benefit of the company's development, large shareholders will certainly support.

As for whether large shareholders have assets injection, the company has clarified many times.

If the company gets large shareholder's assets injection, it will be announced in time according to the regulations.

Exchange of investors' experience -- positive evaluation of the company

Investor Zhang: manufacturing industry belongs to the middle reaches of the industry. Chinese manufacturing enterprises are working hard to seek development.

In order to develop, we need to identify the orientation of the target and the way of resource integration, so as to enhance monopoly.

Our idea is to be bigger and stronger. As investors, we think that the company's eyes should also be focused on Asia and emerging markets.

For the company, we believe that there are investment opportunities in the near future. The key is to see the management of the company team and the support of the Xinhui local government.

Investor Chen: Recently, because of the rising price of cotton and the exchange with senior executives, we know that the company is committed to product development and improve the added value of products. In general, our evaluation of the company is positive. In addition, this time, "entering the listed companies in Guangdong" gives investors the opportunity to visit the listed companies and understand the first-hand information of the company. This activity is of great significance.