Today, Shanghai Huide Technology Co., Ltd. (stock code: 603192.SH; hereinafter referred to as Huide Technology) is officially listed on the Shanghai Stock Exchange.
According to the prospectus of Huide Technology, the company's main business is the research and development, production, sales and technical services of polyurethane resin products. The products are polyurethane resin products, the most important of which is polyurethane for synthetic leather, referred to as 'leather polyurethane'. Known as 'PU slurry'. In addition to polyurethane for leather removal, the company also produces and sells polyurethane elastomer stock solutions (including polyurethane modified bodies) and polyester polyols. Among them, polyurethane elastomer stock solutions are used to produce polyurethane elastomers. The main raw materials; the polyester polyol produced by the company is mainly used by itself. It is the intermediate product of the company's production of polyurethane. The company also directly sells some polyester polyols. The main product features of Huide Technology are as follows:
Source: Huide Technology Prospectus
According to the disclosure of the prospectus of Huide Technology, the company realized operating income of 1.131 billion yuan, 1.174 billion yuan and 1.426 billion yuan in 2015, 2016 and 2017 respectively; the net profit attributable to ordinary shareholders of the company was 2,871,700 yuan, 9794.58 Ten thousand yuan, 1102.032 million yuan, as follows:
Source: Huide Technology Prospectus
The prospectus shows that from the chemical structure of the product, Huide Technology belongs to Fine chemical industry From the molecular weight of the compound of the product, the company belongs to Polymer (polymer) material industry.
According to the '13th Five-Year Plan' formulated by the Ministry of Science and Technology and the Ministry of Industry and Information Technology, the polymer materials will be included as an important part of the emerging industry in the '13th Five-Year Plan for the development of strategic emerging industries, and will be included in the national key special plan. , Polymer materials will become the focus and hotspot of the development of the basic materials industry in the next five years. In the future, the polymer materials industry will continue to maintain a high growth rate.
According to the prospectus of Huide Technology, polyurethane is an emerging organic polymer material, which is known as the “fifth largest plastic” and is widely used in many fields of the national economy for its excellent performance. The main raw material. Synthetic leather is made of felt as the base and made of PU pulp. Because of its rich color, good material elasticity, natural texture, soft handfeel and strong leather appearance, it is widely used in Clothing, luggage, footwear, furniture and other consumer industries.
According to the prospectus of Huide Technology, from 2007 to 2013, the output of China's leather polyurethane industry continued to rise. The total output in 2007 was about 1.14 million tons. The total output in 2013 was about 2.01 million tons. It is 10%. In 2014 and 2015, the total output of the leather industry in the leather industry decreased by 1.94 million tons and 1.9 million tons respectively, while the total output in 2016 increased by 1.97 million tons.
Source: Huide Technology Prospectus
According to the '13th Five-Year' development plan given by China Polyurethane Industry Association, the main development goals of leather polyurethane resin during the '13th Five-Year' period are: One is Accelerate the development and industrialization of environmentally-friendly leather polyurethane resins, mainly develop solvent-free polyurethanes, waterborne polyurethanes and thermoplastic polyurethane elastomers (TPU), and establish production facilities with an annual production capacity of over 20,000 tons, forming an industrial scale;two is Vigorously develop polyurethane resin for functional leather and expand its application scale, mainly including flame retardant resin, shape memory resin, high moisture permeability resin, four-proof (fireproof, waterproof, oil-proof, anti-static) resin , self-cleaning resin, durable resin, etc.; the third is to increase the development of special additives, improve the five types of polyurethane synthetic leather additives (solve the problem, improve the processing properties, increase the functional class, adjust the surface effect class, surface Processing class) localization rate.
Huide Technology stated that it was approved by the issuer in the first extraordinary shareholders meeting in 2017, and the funds raised this time. 'An annual output of 180,000 tons of polyurethane resin and its modified body project', 'Technology R&D Center Project', 'Intelligent Transformation Project' , Details are as follows:
Source: Huide Technology Prospectus
According to the prospectus of the Huide Technology, the fundraising project is as follows:
Annual production of 180,000 tons of polyurethane resin and its modified body project The investment content mainly includes new polyurethane resin, polyurethane modified body, waterborne polyurethane and thermoplastic polyurethane elastomer (TPU) production line, as well as supporting office buildings, warehouses, hydropower equipment, fire fighting facilities and sewage treatment equipment. The project is located in Fujian Province. Ningde Fuding City Longan Industrial Park.
Technology R&D Center Project Mainly engaged in the research and development of various polyurethane resin products, small test. The project implementation site is located in the existing plant area of Shanghai Jinshan Second Industrial Zone, using vacant real estate for transformation.
Intelligent project The system will be intelligently transformed in the company's existing production plant area, and it is planned to build an open platform that supports equipment monitoring automation, safety and security automation, and network communication automation in the plant.