Flying Deer invests 443 million high-end water-based coatings projects

Recently, Changsha City major projects (Hunan Xiangjiang New Area) concentrated on the start of activities in Wangcheng through the open area, including flying deer water-based paint, including a number of key projects started construction. It is reported that feilu water-based paint project
total investment of 443 million yuan, land area of 74.57 mu
, mainly the construction of annual output of high-end
water-based resin 20,000 tons, high-end water-based paint 3 Ten thousand tons of
, high solid oily coatings 15,000 tons of automated production lines, the project can be put into operation after
to achieve annual sales revenue of about 1.172 billion yuan, an average annual profit of 170 million yuan.
shares are the first listed enterprises in the domestic rail transportation coatings industry

. In the first half of 2019, Feilu's shares achieved revenue of RMB171 million, up 19.57% YoY, while net profit attributable to shareholders of listed companies was RMB4.554 million, down 58.43% YoY. By product or service, Feilu shares anti-corrosion coating revenue
up 36.29% YoY to 26.7011 million yuan
, waterproof paint revenue increased 18.80% YoY to 39.7559 million yuan, waterproof coil revenue increased YoY Revenue increased by 33.56% to RMB25,053.2 million, integrated revenue from coatings increased by 6.34% YoY to RMB64.9261 million, and construction revenue increased by 39.79% YoY to RMB14,029.2 million. After the completion of this Wangcheng project, it is expected that Feilu shares will add an annual output value of 600 million yuan,
tax revenue of 30 million yuan
.
It is understood that Feilu's new annual output of 30,000 tons of high-end equipment water-based coatings, with great scale advantages, will become the domestic high-end equipment water-based coatings high-end products of the important production base, especially supporting the construction of water-based resins and water-based emulsions, control the core technology of the product, to stabilize product quality, reduce production costs, improve market competitiveness has played a key role.