Midian New Materials' net profit in 2021 will increase by 51%, and the leader in color masterbatch will raise 460 million and enter the degradation industry

On April 27, Midland New Materials released its annual report.

In addition, in the first quarter of 2022, the total operating income was 610 million, a year-on-year increase of 35.

The main business of Meilian New Materials includes color masterbatch, cyanuric chloride and meltblown non-woven fabrics.

Midian New Materials raised funds last year to enter the degradation industry

Among them, the functional masterbatch and bio-based degradable masterbatch industrialization project invested 325.

After the project is completed and put into production, the company will add 36,300 tons of functional masterbatch and bio-based degradable masterbatch production capacity

Meilian New Materials has obtained the invention patent of "non-petroleum-based fully degradable color masterbatch and its preparation method"

In the future, the company will continue to make good use of the listed company's refinancing platform, regulate the use of raised funds, and accelerate the construction and commissioning of the "functional masterbatch and bio-based degradable masterbatch industrialization project", so as to consolidate the industry status of listed companies and further enhance the company.

Midian New Materials is optimistic that the ban on plastics will stimulate the growth of demand for degradable plastics

On January 19, 2020, the National Development and Reform Commission and the Ministry of Ecology and Environment announced the "Opinions on Further Strengthening the Control of Plastic Pollution"

China is the world's largest consumer of plastics, accounting for 15% of the world's plastic consumption