Daun, Who Produces 400 Tons Of Melt Blown Fuel In The Month, Has To Start The Melted Spray Production Line, And It Has Also Done 500 Million Jobs.

Shandong Daun polymer material Limited by Share Ltd (hereinafter referred to as "Daun shares") issued a notice on the evening of April 20th, said that in order to improve the efficiency of capital use, the company will increase its use of no more than 450 million yuan (including 450 million yuan) of its own funds to purchase high security, liquidity good financial products and carry out treasury bonds reverse repo investment, the time limit for use is considered by this board of directors. From the date of the date of the board of directors' deliberation to the year 2021, the funds can be scrolled up within the above amount. After the increase in the amount of financial products purchased by its own funds, the amount of money purchased by the company can be raised to no more than 500 million yuan (including 500 million yuan).

According to public information, Daun shares is a key high-tech enterprise in the national Torch Program of R & D, production, sale of thermoplastic elastomers, modified plastics and masterbatch. The thermoplastic elastomers of the company are mainly dynamic full vulcanized thermoplastic elastomers (TPV); modified plastic products are mainly toughened and modified plastics, high gloss modified plastics, flame retardant modified plastics and melt sprayed materials; the masterbatch products are mainly dedicated color masterbatch and multifunctional masterbatch. The company's products are mainly used in the automotive industry, household appliances, medical and health industries.

The results showed that in the year of 2019, Daun shares achieved an operating income of 2 billion 735 million yuan, an increase of 100.76% over the previous year and a net profit of 166 million yuan attributable to shareholders of listed companies, an increase of 35.75% over the previous year.

By the end of 2019, the total assets of the company were 1 billion 916 million yuan, an increase of 10.62% over the previous year, and the net assets attributable to shareholders of listed companies were 1 billion 84 million yuan, an increase of 14.83% over the previous year. Net assets yield 16.39%, asset liability ratio 39.89%, consolidated gross profit margin 16.91%.

In the first quarter of 2020, Daun shares achieved 619 million yuan in business revenue, down 8.02% from the same period last year, and realized net profit of 69 million yuan attributable to shareholders of listed companies, an increase of 91.6% over the same period last year, creating the fastest growth since the company went public.

As the first one in China to produce TPV by using "fully pre dispersed dynamic full vulcanization" technology, it successfully replaced imported materials and promoted the development of China's rubber industry. In 2008, the State Science and technology award was honored by the State Council as "the two prize of the national science and Technology Award for technological invention". The company is also a leading enterprise of domestic thermoplastic elastomers. It has been invited to draft the national industry standard of thermoplastic elastomer TPV.

Wang Youqing, deputy general manager and Secretary of the board of directors, said that the company has been working extensively in the field of melt blown materials for nearly 20 years. It is the national standard compilation unit for polypropylene (PP) melt blown special materials. It has its own patent, and its product quality and stability are excellent. It has formed the brand and market core competitiveness of Daun, and has set up a complete set of quality control measures. The company only produces melt blown materials and does not produce melts. The company's controlling shareholder, Daun group, is planning the melt spraying production line.

First textile network reporter learned here that Daun shares is the largest manufacturer of medical masks melt melted in China. At present, the production capacity of melt blown materials has increased from 120 tons per day at the end of January to 400 tons in April. Currently, it has received nearly 1000 tons of overseas orders. Daen's melt stock can also be used for diapers, insulation materials and other fields. After the outbreak, the company can flexibly adjust the demand according to the requirements. The whole production line should avoid overcapacity.

According to the insiders, although other modified plastics enterprises in China have launched the production of melt blown materials, the process commissioning and equipment ordering will take a certain period of time. It is estimated that the two quarter will continue to supply and demand. In addition, since the beginning of this year, international oil prices have plummeted nearly 60%, and raw material prices are favorable for the profit level of melt blown materials.

Gong Cheng, an analyst with Guoxin Securities, said that Daun shares are moving together in the two major businesses of modified plastics and thermoplastic elastomers, and they are also laying the same layout in the home appliance and automotive industry chain. As a leading enterprise in the field of thermoplastic elastomers in China, the main products of Daun share are thermoplastic elastomers, modified plastics and masterbatch. The downstream users are concentrated in four major fields, such as lightweight materials for vehicles, special materials for military use, new materials for medical consumables, and new materials for consumption. At present, it has 36 thousand tons / year of thermoplastic elastomer, 200 thousand tons / year of modified plastics and 14 thousand tons / year color masterbatch production capacity. In addition, 120 thousand tons / year of modified plastics in construction capacity and about 30 thousand tons / year thermoplastic elastomer production capacity.

Judging from the observation, the modified plastics industry is ushering in the turning point of economic prosperity, and the concentration of domestic enterprises has significantly improved. In 2018, the output of modified plastics reached 18 million 490 thousand tons, and the market space was huge. However, large scale chemical enterprises in foreign countries occupied a large market share. Meanwhile, the scale of domestic enterprises was generally small, leading to the extremely scattered domestic capacity. Gong Cheng predicts that under the double threshold of technology and scale, the domestic market share will continue to concentrate on leading enterprises.

Gong Cheng said frankly, cost side, modified plastic as a typical downstream chain of chemical industry chain will benefit from the supply of raw materials in the upstream chemical industry for a long time. In addition, since 2020, international oil prices have plunged sharply, supporting prices of upstream chemical products have weakened, prices of raw materials such as PP, ABS and PA have dropped significantly. The supply and demand structure will continue to optimize in the future, and the gross profit margin will continue to improve.

Daun shares said that thermoplastic elastomers, modified plastics, color masterbatch three types of product customer resources overlap, a product development often represents customer recognition of the company. Therefore, the development of the company's future customers will achieve a breakthrough, full bloom, mutual drive and coordinated development. The company will also give full play to the rubber substitution effect of TPV, accelerate the market occupation of the traditional rubber products industry, promote the import substitution of HNBR in the field of national defense and military industry, accelerate the application in aerospace, automobile, petroleum and other fields, and promote the transformation of DVA production, learning and research. Landing, accelerating the replacement of halogenated butyl rubber, boosting the tire industry upgrading, accelerating the promotion of TPIIR products, realizing the replacement of thermosetting butyl rubber, leading the market demand, giving full play to the leading edge of TPU technology, and grabbing the high-end and high-end application market.