Home Business Xianhe shares convertible bonds purchase today and actively deploy the blue ocean of “paper instead of plastic” products_materials

Xianhe shares convertible bonds purchase today and actively deploy the blue ocean of “paper instead of plastic” products_materials

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Original title: Xianhe shares convertible bonds purchase today and actively deploy the blue ocean of “paper instead of plastic” products

Shanghai Securities News China Securities Network News November 17, Xianhe shares 2.05 billion yuan of convertible bonds opened online subscription, the raised funds were mainly used for “300,000 tons of high-end paper-based materials project” and “30,000 tons of sublimation transfer printing per year” “Base paper, food packaging paper project” and “Annual production of 10 billion paper straws project”.

The main business of Xianhe shares is the research and development, production and sales of high-performance paper-based functional materials and their pulp raw materials and chemical raw materials. It is a large-scale domestic R&D and production enterprise of high-performance paper-based functional materials. The company produces a wide variety of paper-based functional materials, which are mainly divided into six series and more than 60 varieties, including: food and medical packaging materials series, tobacco industry supporting series, daily consumption series, etc.

In recent years, the income of Chinese residents has increased, and the scale, types and grades of consumption have been significantly improved, which has promoted a significant increase in the demand for specialty paper. With the country’s comprehensive implementation of the ban on plastics and the increasing awareness of people’s environmental protection and consumption levels, the market has accelerated the pace of seeking environmentally friendly paper-based packaging materials to replace plastic products. In this context, in addition to increasing R&D investment, layout and expansion of new markets, research and development of new products and development of strategic value customers, Xianhe shares actively expand production capacity to better adapt to market changes and seize industry opportunities.

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It is worth noting that among the convertible bond fundraising projects of Xianhe shares, the food cardboard produced by the “300,000 tons of high-end paper-based material project”, the “30,000 tons of sublimation transfer base paper and food packaging The food packaging paper produced by the “Paper Project” and the paper straw products produced by the “Annual Production of 10 Billion Paper Straws Project” are all “paper instead of plastic” products for food packaging and utensils, with huge market potential.

In addition, the sublimation transfer base paper produced by the “30,000 tons of sublimation transfer base paper and food packaging paper project” not only has outstanding printing effects, but also has the characteristics of no printing and dyeing wastewater pollution, resource saving, and high flexibility. Broad market space.

Since its establishment in 2001, Xianhe has always focused on high-performance paper-based functional materials, keeping up with the changes in demand in the consumer and industrial sectors, and has achieved rapid growth over the past two decades. The company is one of the largest paper-based functional materials research and development and production enterprises in the country. It has five production bases in China: Qujiang in Zhejiang, Neixiang in Henan, Changshan in Zhejiang, Laibin in Guangxi (under construction), and Shishou (under construction) in Hubei. Up to now, the company and its joint ventures have an annual production capacity of 1.1 million tons and more than 2,000 downstream direct sales customers.

According to the company’s convertible bond prospectus, the “high-end paper-based material project with an annual output of 300,000 tons” is expected to achieve an average sales income of 1.81877 million yuan and an average total profit of 241.74 million yuan during the production period; The project of “ton sublimation transfer base paper and food packaging paper” is expected to achieve an average sales income of 285.25 million yuan during the production period and an average total profit of 33 million yuan; the “annual production of 10 billion paper straws project” is expected to achieve average sales during the production period The income was 223.31 million yuan, and the average total profit was 47.13 million yuan. With the successive commissioning of fundraising projects, Xianhe shares are expected to further open up profit margins. (Wen Zhidan)Return to Sohu to see more

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