Shandong Hailong: Difference Jute Pulp Fiber Project

2010/12/17 11:47:00 63

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In December 9, 2010,

Shandong Hailong

(000677) a notice is issued that the Weifang Municipal Finance Bureau will subsidize the company for 63 million yuan in the form of real payment, which will be used for the development of the company. The government subsidy will be included in the current profit and loss as an extra business income, and the company's EPS0.07 yuan will be doubled this year, so that the company's performance will be doubled on the basis of the original estimate.

In addition, the company issued a notice, decided to develop with new farmers (600359) jointly invested 100 million yuan to increase Xinjiang Hailong, of which the company invested 55 million yuan, after the capital increase accounted for 55% of Xinjiang Hailong equity.

The increase is expected to speed up the company's 45 thousand tons of differentiated jute pulp.

Fiber project

The project is being tested. Kenaf in Xinjiang is harvested in October and is expected to be tested by the end of the year.

The difference of jute pulp fiber except ordinary cotton viscose fiber.

Characteristic

Besides, it also preserves the antibacterial, bacteriostasis, moisture absorption, sweat, dyeing and biodegradability of natural hemp fibers. It is a new product of differentiated and functional viscose fiber, and has broad market prospects in textile and industrial fibers.

Jute processing technology is difficult, fiber separation is low, spinnability is poor, and decolorization is difficult. Therefore, jute pulp fiber technical barriers are high, the product price is as high as 24000 yuan / ton, gross profit margin is more than 35%.

Once the project is successful and industrialized, the annual sales revenue will reach 1 billion 80 million yuan, and the net profit will be 284 million yuan, and the company will raise EPS0.33 yuan.