Jilin Stock Is Going To Do 50 Million Jobs, And 700 Million Of The Investment Will Be Completed By 100 Thousand Tons Of High-Grade Reactive Dyes In The Year.

The Limited by Share Ltd of Zhejiang intercontinental Limited by Share Ltd (hereinafter referred to as "run earth shares") signed the trust trust contract of Yunnan trust and inclusive 368 single fund in February 15th with Yunnan International Trust Co., Ltd. (hereinafter referred to as "trust trust"). The company invested 50 million yuan in idle trust funds to invest in the trust and financial products. The trust funds under this trust are used to issue personal consumption loans to the borrowers who meet the requirements, and after the underwriting audit of the Limited by Share Ltd (hereinafter referred to as "insurers") of the Zhong an online property insurance company, the insured will insure each of the loans to the insurer, and the insurer shall provide insurance coverage for the borrower's loan interest.

The products of the trust products purchased by InterContinental shares are February 15, 2019, and the profits are distributed on a monthly basis during the period of the cycle. The proceeds and the principal of the redistribution are distributed on a monthly basis during the amortization period (the term of the 10 month period from the date of the establishment of the trust term, and the period after the end of the cycle).

The first trust interest accounting date of the trust product is March 25, 2019, and the last Trust Interest Accounting day is the day of trust termination. The rest Trust Interest Accounting day is the first trust account date 25 months from the beginning of each month.

The company said that the company has a sound operation and a sound financial position, and its own funds are abundant. Under the premise of ensuring capital demand for production and operation, project investment and technological pformation, the company uses idle funds of 50 million yuan to purchase the above trust products, which is conducive to improving the efficiency of the company's capital use, increasing the investment income of the company, and will not affect the development of the main business of the company.

According to public information, bun is one of the leading domestic dyestuff enterprises. It has 110 thousand tons of disperse dyes, 60 thousand tons of reactive dyes, 10 thousand tons of other dyestuffs, and 20 thousand tons of acid reactive intermediates, of which 10 thousand tons are in technical pformation.

Reporters noted that in recent years, with the continuous improvement of the concentration of dyestuff industry, the capacity and revenue of intercontinental shares have increased. In 2015, the price of dyestuffs dropped sharply, and the company's revenue declined slightly.

In 2017, the performance of the dyestuff industry increased significantly. In the first three quarters of 2018, the shares of intercontinental stock increased 5 billion 50 million yuan, an increase of 12.4% over the same period last year. The net profit attributable to the parent company was 1 billion 20 million yuan, an increase of 58.7% over the same period last year. In the third quarter of 2018, the company's operating income was 1 billion 640 million yuan, an increase of 4.9% over the same period last year, a decrease of 9.6% yuan, and a net profit of 310 million yuan attributable to the parent company.

In addition, the company expects net profit of 11.8-13.8 billion yuan this year, an increase of 26.2%-47.6% over the same period last year.

In 2019, after the Spring Festival, the industry entered the peak season and the lower inventory level supported the increase in prices. It is expected that environmental protection and high pressure will still restrict the supply of disperse dyes and dye intermediates. The industry believes that the average price of disperse dyes in 2019 increased by 5%~10% to 4~4.5 million yuan / ton.

At present, the capacity of the company is nearly 190 thousand tons, which is the second largest company in the dyestuff industry. The relevant data show that the price of dye will increase by 1000 yuan per ton, and the net profit of intercontinental shares will be increased by 115 million yuan.

According to the decision of the Shangyu district government to move the overall relocation to the Hangzhou Shangyu economic and Technological Development Zone in the Dao Xu Chemical Industrial Park, the reactive dye project of Zhejiang Ruihua Chemical Co., Ltd., the intercontinental subsidiary company, will be relocated as a whole. Its annual output of 100 thousand tons of high-grade reactive dye (original powder) (the first annual production of 80 thousand tons of reactive dyestuffs) is currently proceeding smoothly according to the corresponding standards. The project plans to invest about 700 million, and it is expected to be completed by the end of 2019.

The implementation of this project will further accelerate the pace of development of Ruihua Chemical Co., Ltd., and will also enable the company to have a stronger competitive edge and voice in the reactive dye market.