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Qingdao Guoen Technology Co.
, Ltd.
(hereinafter referred to as "Guoen Shares") announced today that the company has 15 production lines for melt-blown polypropylene special materials in production
.
At the same time, for the 5 new production lines that the company urgently purchased in the early stage, the first production line will arrive at the factory on March 17, and the installation and commissioning is expected to be completed before March 20; the second and third new production lines are expected to be installed and commissioned from March 23 to 25.
Completed; the fourth and fifth production lines are expected to be installed and commissioned from March 28th to 30th, when the company's production capacity will be fully released
.
Other near-term pre-order lines will be in place by mid-to-late April
.
In view of the above situation, the company makes the following risk warnings to investors:
(1) The company's melt-blown polypropylene products for masks started production in mid-February 2020.
Up to now, the company has achieved a daily output of 150 tons, and the output accounts for a small volume of the company's business segment;
(2) Meltblown polypropylene for masks is only one of the company's products, and some other products of the company are currently adversely affected by the epidemic to a certain extent;
(3) At present, there are other companies in the market that can produce melt-blown polypropylene products.
The market supply of this product is gradually increasing, and there is a risk of overcapacity in the industry;
(4) With the effective control of the epidemic, it is expected that orders for this product may be gradually reduced in the future.
The company will schedule and switch production according to the specific needs of the market to protect the interests of the majority of investors
.
Shandong Daon Polymer Materials Co.
, Ltd.
("Dawn Shares") also issued a risk warning yesterday
.
The announcement pointed out that the products produced by Dawn Co.
, Ltd.
are polypropylene melt-blown special materials, which are the raw materials of mask melt-blown cloth.
In 2018, the company's sales revenue of polypropylene melt-blown special materials was 182.
77 million yuan, accounting for 18.
83% of the parent company's operating income, accounting for The company's consolidated operating income accounted for 13.
41%, which is not high
.
Polypropylene meltblown special material is only one of Dawn's products, and some of the company's other products are currently adversely affected by the epidemic
.
