Dawn Shares Announced That

Shandong Daun polymer material Limited by Share Ltd (hereinafter referred to as "Daun shares") issued a notice on March 14th, said that in December 12, 2019, the company temporarily used idle funds raised 2. 000 yuan to subscribe to Qingdao bank "Qingdao bank structured deposits 91 days" financial products, the above financial products have expired in the near future, the principal 20 million yuan and income 189643.83 yuan has been recovered.

Dawn shares recently purchased the "Qingdao bank structured deposit 91 days" financial product 20 million yuan, the starting and ending date is March 13th to June 12th, the estimated annual yield is 1.10%-3.80%.

In recent years, local listed companies have been expanding the scale of buying financial services. Most of them are using temporary idle funds to invest in low-risk short-term financial products, so as to revitalize assets and increase returns.

According to public information, Daun shares was founded in Longkou, Shandong in 2002. It is a key high-tech enterprise in the national Torch Program of R & D, production and sales of functional polymer composites such as thermoplastic elastomers, modified plastics and masterbatch. In January 2017, Daun shares were listed on the Shenzhen stock exchange's small and medium board.

The main products of Daun share are thermoplastic elastomers, modified plastics and color masterbatch. The downstream users are concentrated in four major fields: lightweight materials for vehicles, special materials for military use, new materials for medical consumables, and new materials for consumption. From the perspective of the company's development and future planning, on the one hand, we should continue to take cars and appliances as the foundation, fully grasp the trend of upgrading and upgrading of automobiles, home appliances and other industries, constantly develop new products, meet the market's demand for continuous improvement of product performance, and on the other hand, accelerate the production of medical, health, petroleum drilling, aerospace, precision instrument seals and other advanced fields. Product substitution and import substitution process for rubber. As of the mid 2019, general motors, Volkswagen, Ford, Citroen, Renault and other large international auto manufacturers, as well as Geely, Changan, the Great Wall, Zhongtai, Beiqi new energy and other domestic car companies have become customers of Daun shares, and Daun shares also provide global TPV supply through Kumbo.

Gong Cheng, an analyst with Guoxin Securities, believes that the products of TPV include TPIIR, HNBR, DVA and other products. Among them, TPV is a new type of rubber, which has great potential in replacing traditional vulcanized rubber, and has been widely applied in the domestic auto parts industry chain. The company has actively expanded the use of TPV elastomers in new energy vehicle cooling water pipes, rail transit, building engineering and other fields, and will make full use of capacity after the completion of the new device. Special rubber such as TPIIR, HNBR and DVA, as the new products of Daun share in recent years, have made breakthroughs in technology and technology, and have gradually entered the application market of downstream medical and automotive tires. It is expected that in the next 2 years, it will enter a fast volume stage.

Today's (March 15th) evening reports from the media also showed that as of March 13th, the daily output of Daun share masks was increased from 135 tons to 300 tons, and the daily output increased by 122%.

Dawn shares announced earlier that the company's products are polypropylene melt blown special materials, is the raw material of masks melt melted cloth. In 2018, the sales volume of polypropylene melt blown special material was 183 million yuan, accounting for 18.83% of the parent company's revenue, accounting for 13.41% of the company's consolidated operating income. Polypropylene melt blown special material is only one of the company's products. Some other products of the company are also affected by the epidemic.

According to the financial report, in the 2014-2018 years, the income scale of Daun shares increased by 23.8% annually, and the net profit to the parent company increased by 26.9% annually. In 2018, the company achieved operating income of 1 billion 363 million, an increase of 45.87% over the same period last year, and realized a net profit of 122 million yuan, an increase of 30.52% over the same period last year, and the growth momentum was strong. With the expansion of downstream market and the release of company capacity, the company's revenue is expected to continue to grow. From the point of view of business structure, modified plastics and thermoplastic elastomers accounted for more than 40% of gross profit in 2018. They were the main source of contribution performance (in 2019, the proportion of modified plastics was improved by Haier's new materials and tables).

Daun shares estimated that the net profit attributable to parent companies in 2019 was 159 million yuan to 184 million yuan, up 122 million yuan in the same period last year, an increase of 30% to 50% over the same period last year. The company said that the reason for the change in the reporting period was the completion of a major asset restructuring in November 2018. The consolidated statements contain the business performance of the subsidiary Haier Qingdao new materials research and Development Co., Ltd.; meanwhile, the company has strengthened cost control and management, increased sales revenue and improved production efficiency, and the performance of its parent company has also increased.

Huaxi Securities researcher Yang Wei said that since the beginning of the year, the epidemic has been raging, and the demand for respirators and other protective products has increased sharply. In 2018, the production of respirators in China was 4 billion 540 million, and the recent resumption of various industries has made the supply of respirators very tight. Considering the recent spread of overseas epidemic, the demand for masks is expected to remain high in the short and medium term. In view of the observation, the polypropylene melt blown special material produced by Daun shares is the raw material of masks melt melted cloth, which is used for the middle isolation layer of masks, and has a higher market share. In 2018, the sales revenue of Daen share was 183 million yuan, and the income was 18.83%. The downstream demand is highly prosperous. It is estimated that the first half of this year will significantly increase the profit level of Daen shares.