Shanghai Daoqin Plastics Co., Ltd.

4 month 9 day, Shenghong published 2019 year year degree report. according to announcement, 2019 year degree company achieve 营业收入248.88 100 million yuan, belongs to upper company shareholder profit 16.14 100 million yuan, year-on-year separation growth 6.98%, 67.18%.

东方 Shenghong business sheet/plate block 实施主体 is Shenghong 炼化, currently in Shenghong 炼化一体化 project, project is 1600 10,000 tons / year 炼油, 280 10,000 tons / year for 二甲苯, 110 10,000 tons / year ethylene and lower 游衍生 material, sleeve/set 30 10,000 tons 原油码头, 4 5 10,000 tons liquid chemical industry and other, company expected will 于2021 year start production.

据悉, project full formed rear, Shenghong 炼化产出 product for 二甲苯(PX) will 直供虹港石化 production for 苯二甲 acid (PTA), 虹港石化产出 product PTA and Shenghong 炼化产出 product ethylene glycol (MEG) will 进一步 provide to high production 差别化 chemical fiber (POY, FDY, DTY and other), formed from “一滴油” to “一根 filament ” full industry chain business 经营. 届时, company full industry chain development can force will to 进一步 improves, 经营效益 will to separation 释放.

2019 year, Shenghong 总体经营状况 maintain in has rise 态势, in complex trade lower, 2019 year company assets 达350.42 100 million yuan, year-on-year growth 18.26%.

东方 Shenghong formed 立以 专注于民 use long filament field/area, in recent years company 持续稳健 expand production capacity, 积极发挥规模 advantages and internal 协同效应. 2019 year, company revenue 74.3% 化纤 sheet/plate block achieve revenue 184.91 100 million yuan, relatively year growth 5.79%. its in, long filament business high 端差异化 production and product quality advantages, product amount growth 达19.16%.

东方 Shenghong table/sheet 示, company use long filament product competition force improves speed, currently 位居国 inner use long filament industry front 列, especially is function property, 差别化民 use long filament in market upper tool has relatively strong/high competition force. 2019 year, company add large independent R&D and technology innovation 投入, R&D investment ultra- 7.49 100 million yuan, relatively year growth 6.46%, through acquisition 形式, 引入 苏震生 material bio-based PDO and new type bio-based fiber high new production technology, technology innovation significantly breakthrough.

and meanwhile, 2019 year, Shenghong industry chain toward combined, acquisition Shenghong 炼化, 虹港石化100%股权以形 formed 完整 “原油炼化-PX/ ethylene glycol -PTA- polyester -化纤” new type high textile industry chain 架构. Shenghong table/sheet 示, toward combined company 进入炼油, 石化, between development new stage/phase and new landscape, front strategy 布局 盈利效应初步显现, rear will 逐渐释放.

in addition, 据2019 year year degree report 显示, Shenghong polyester business sheet/plate block production is high 科, currently high has 210 10,000 tons / year 差别化 chemical fiber production capacity, product 差别化 rate to 90%, 差别化 fine separation product types type ultra- 百 types, high product DTY is 主. 2019 year, high achieve 营业收入116.41 100 million yuan, profit 14.79 100 million yuan. PTA business sheet/plate block production is 虹港石化, currently has 150 10,000 tons / year PTA production capacity, in 建240 10,000 tons / year PTA production capacity.