The hottest Sichuan Dongcai accepted the additiona

2022-08-09
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Sichuan Dongcai additional issuance acceptance, raising 800million yuan to build 60000 tons of special epoxy resin and intermediates and other projects

Sichuan Dongcai additional issuance acceptance, raising 800million yuan to build 60000 tons of special epoxy resin and intermediates and other projects

December 25, 2020

December 23, 2020, Dongcai Technology (601208) announced that it had received the "application acceptance form for administrative permission of China Securities Regulatory Commission while foreign countries are market-oriented", The non-public offering of shares by the company still needs to be approved by the CSRC

it is understood that the company plans to privately issue 188 million shares to raise 800million yuan for the industrialization project of functional membrane materials with an annual output of 100million square meters, the industrialization project of special resin materials with an annual output of 5200 tons for high-frequency high-speed printed circuit boards, and the project of special epoxy resins and intermediates with an annual output of 60000 tons

project introduction

1. The industrialization project of functional film materials with an annual output of 100million square meters

the construction period of the project is 3 years, and the production scale of the project is determined to be 100million square meters of functional film materials. The main products are reduced mucosa, OLED process protective film and flexible panel functional tape coating. It is estimated that the financial internal rate of return (after tax) of the project investment is 62.37%, and the investment payback period (after tax) is 4.46 years

it can be used as a prepreg for automobile wheel housings. 2. The project of special resin materials for high-frequency and high-speed printed circuit boards with an annual output of 5200 tons

the construction period of the project is 2 years. The main products of the project are electronic grade crystalline bismaleimide resin, electronic grade amorphous bismaleimide resin, low dielectric active ester curing agent resin and low dielectric electrothermal fixed polyphenylene ether resin. It is estimated that the financial internal rate of return (after tax) of the project is 43.80%, and the investment payback period (after tax) is 4.6 years

3. The project with an annual output of 60000 tons of special epoxy resin and intermediates

the construction period of the project is 18 months. The products of the project are bisphenol A epoxy resin, bisphenol F epoxy resin, dicyclopentadiene epoxy resin and other special epoxy resins and resin intermediates. It is estimated that the financial internal rate of return (after tax) of the project is 35.95%, and the investment payback period (after tax) is 4.31 years

the leading product of the fund-raising investment project is to support the core components or raw materials of OLED display industry and high-frequency high-speed printed circuit board industry, break through the customs and set up a special fund key for the development of new material industry. Since 2009, the pattern of materials and core technologies in the hands of foreign enterprises such as the United States, Japan and South Korea has achieved import substitution

through the implementation of this project, the company actively participates in the construction of domestic science and technology cycle, seizes the market opportunities brought by the "double cycle new development pattern" under the background of decoupling between China and the United States, helps the industrial chain in key areas such as downstream panel display and 5g communication to achieve "independent control" and "industrial upgrading", and comprehensively realizes the company's strategic development goals and performance growth goals

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