Overseas Orders Over 2000 Tons Of Daun Shares, Hao Hit 15 Million 300 Thousand To Do The Melt Blown Material "This Dish."

Shandong Daun polymer materials Limited by Share Ltd (hereinafter referred to as "Daun shares") announced today (May 15th) that the company signed a "investment agreement" with Hebei trillion special new material manufacturing Co., Ltd. (hereinafter referred to as Hebei trillion), and the two sides jointly funded the establishment of Daen trillion (Hebei) polymer materials Co., Ltd. to develop melt blown materials. The registered capital of the newly established company is 30 million yuan, of which the company invested 15 million 300 thousand yuan, accounting for 51%; Hebei trillion invested 14 million 700 thousand yuan, accounting for 49%.

The announcement indicates that the newly established Daun trillion (Hebei) polymer material Co., Ltd. covers the research, development, production, technology transfer and technical services of modified plastics, melt blown materials, and import and export business of goods and technologies.

Daw said that the outbound investment will focus on the company's melt blowing business, which will help expand the sales of melt blown materials, increase the profitability of the company and maintain the industry position of the melt blown material.

Yu Yuanyuan, a securities analyst at China and India, said that the demand for global masks has been greatly increased due to the epidemic. Melt blown materials are the raw materials for the M layer, which plays a key role in the mask. In the past 20 years, it is the national standard compilation unit for polypropylene (PP) melt blown special material, and its product quality and stability are excellent, forming the core competitiveness of brand and market. Since the outbreak of the outbreak, the supply of melt blown materials is in short supply. Daen shares rapidly expanded its capacity and sales volume from the previous 120 tons / day to 200 tons / day, and reached 300 tons / day in March with the advantage of technology and quality. To cope with overseas demand, Daun shares will further expand its capacity in the future, and the company's performance will be significantly thickened. In the context of tight supply of fusion materials, Daun shares contracted 80 million yuan in the first quarter, up 1018.63% from the same period last year, and benefited from the strong demand for melt sprayed materials.

The industry also believes that the rapid expansion of the epidemic situation, the supply of melt blown materials is becoming increasingly tense. 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.

According to public information, Daun shares is the largest manufacturer of medical masks and meltblown materials in China. As the leading A share masks protection concept, the company's share price has risen all the way from February to 62.50 yuan from 10 yuan, and its share price has nearly doubled 6 times.

As of today's article, Daun shares closed at 31.54 yuan / share, down 1.68%, and the market value was 12 billion 800 million yuan.

First textile network reporter learned here that as of May 8th, downer shares (parent company) polypropylene melt blown special material production capacity of 600 tons / day, the Qingdao Haier new material research and Development Co., Ltd. polypropylene production capacity of 30 tons / day, shares of Korean Daun high score sub material (Shanghai) Co., Ltd. polypropylene melt blown special material production capacity of 90 tons / day, is expected at the end of 5, Daun Shares (parent company) capacity will be expanded to 1200 tons / day; in addition, as of May 11th, Daun shares have received over 2000 tons of overseas orders, covering nearly 20 countries and regions.

According to the financial report, in 2019, Daun shares achieved 2 billion 735 million yuan in business revenue, an increase of 100.76% over last year, and a net profit of 166 million yuan attributable to shareholders of listed companies, an increase of 35.75% over the previous year. In the first quarter of 2020, the company achieved operating income of 619 million yuan, 673 million yuan a year earlier, down 8.02% compared to the same period last year, and realized net profit of 69 million 398 thousand and 900 yuan in the first quarter, 36 million 220 thousand and 300 yuan in the same period last year. An increase of 91.60% over the same period last year.