Shanghai Daoqin Plastics Co., Ltd.

2019  year sales 额总计达创记录  8143.40  100 million 韩元

财 year profit 总计达 350.08  100 million 韩元

SONGWON  gross profit rate in  20.4%

2020 year 03 month 05 day –SONGWON industry group report 2019 财 year 财务业绩. SONGWON 2019 财 year overall comprehensive sales 收入总计达 8143.40 100 million 韩元, and 2018 财 year comprehensive sales 收入（7887.38 100 million 韩元） versus ratio growth 3.2%, in full year 持续 专注于 its core business rear, SONGWON in 2019 财 year 取 自创立以 most high sales 业绩.

in 2019 财 year 持续 缘政治挑战 and macro 经济不确定 property lower, SONGWON attention/notes to industry demand decrease low 且波动状态, meanwhile certain market in competition non 常残酷. tube/pipe this type of 充满挑战 ring 境持续 一整 year, chemical industry raw materials product in 2019 year 第 4 季 degree also is lower 区域（ especially is in and Africa ） sustainable demand 记录, upper due to 客户惯常 in year pressure shrink 库存, its demand usually reduce. upper, 2019 财 year SONGWON formed achieve chemical industry raw materials 部门 盈利 can force growth, to 4.7% sales growth 记录.

full demand 放缓, especially is in automotive and electronics type industry in, also year pressure shrink 库存, for SONGWON industry group high property can chemical product 部 2019 year 总体绩效 generate negative effect/influence. in addition, Korea construction in 经历 2018 财 year low rear, year 继续萎 shrink, demand decline, competition day 趋激烈. this also for high property can chemical product year degree generate effect/influence. is, SONGWON through will force to Korea outer stability sales machine 会, formed 功 抵消  PVC  stabilizer business loss 失.

in year degree in, SONGWON through in force amount development more comprehensive high quality sustainable solutions combined, 进一步巩 solid competition 位. group also 持续 壮 large and add strong/high its full separation 销网络, long and accelerated in key/critical market in 渗透, especially is ASEAN – 一 outlook/prospects light 明 区域. 2019 year, SONGWON production factory full year 平稳运行, meet/satisfy demand and requirements. in 2019 财 year in, raw materials unchanged water 平, has less outer 情况. is in this year in, company investment 于进一步 achieve 自动化 and factory optimization, 2019 year 取 创记录 formed generate effect/influence in in the future year still will 继续.

展望 future, SONGWON expected property ring 境, 政治不确定 property and market still will 贯穿 2020 财 year, demand difficult forecast. tube/pipe 如此, expected 2020 year GDP still has relatively high growth, 鉴于此 trend, SONGWON expected its chemical industry raw materials demand increase speed will high GDP, especially is in new 兴国家经济 growth lower. its separation 销网络 expand and and industry 伙伴 持续 combined as, SONGWON expected its in 2019 year launch new product, very fast will 开始支持 its growth.

in the future, group 打算继续践行 currently strategy, through investment most new technology ensure most high water 平 运营 efficiency, still 然集 in 精 force tube/pipe its full business and 开支, 以进一步 improves inner 位. SONGWON also will force increase for sustainable property and innovation 方面 投入 and 专注, 以支持 circular economy. tube/pipe in full 球挑战, SONGWON 坚信自身 already 经扎牢 competition 位, make group can maintain positive 轨并推动 its strategy, meanwhile is 客户创造价 value, most important is is its has shareholder long value.