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On September 15, Guangdong Jushi Chemical Co.
, Ltd.
(hereinafter referred to as "Jushi Chemical") successfully held the meeting at the 75th review meeting of the Science and Technology Innovation Board Listing Committee in 2020!
According to the prospectus, the main business of Jushi Chemical is the research and development, production and sales of flame retardants, modified plastic particles and products
.
Source: Polypetrochemical prospectus
The prospectus shows that from 2017 to 2019, the main business income of Jushi Chemical was 880 million yuan, 1.
069 billion yuan, and 1.
474 billion yuan respectively; the net profit after deducting non-returning to the parent was 32 million yuan, 38 million yuan, and 94 million yuan respectively.
.
2017-2019 Company revenue and net profit after deduction
Source: Polypetrochemical prospectus
Source: Polypetrochemical prospectusMain products are widely recognized
Main products are widely recognizedAccording to the prospectus, the main products of Polypec include halogen-free flame retardants, modified plastic particles and products
.
In the field of halogen-free flame retardants, PolyChem complies with the global trend of green development of new materials.
Its core products comply with international RoHS, REACH, and WEEE standards, with outstanding flame retardant and environmental performance.
, PPG (Pompeii), Sika (Sika) and so on
.
In the field of modified plastics, according to the different needs of customers in different industries, Jushi Chemical provides customers with a package of product solutions from demand analysis, research and development, manufacturing, application evaluation to professional services through customized and differentiated competitive strategies.
.
Modified plastics for holiday lighting have passed the US ULQMTO2 certification, and have established long-term and stable cooperative relations with Lisheng Group, Zhongyu Electric (a supply chain enterprise of Wal-Mart and Costco), etc.
;
Modified plastics for electronic and electrical appliances have been recognized by well-known domestic appliance brands Midea and Galanz.
In 2018, they were awarded the "Innovative Supplier" of Midea Group's Household Electrical Appliances Division, and in 2019, they were awarded the "Outstanding Contribution Award" of Guangdong Galanz Group Co.
, Ltd.
;
Automotive modified plastics enter the supply chain system of well-known domestic and foreign companies such as Nissan, Volkswagen, and JAC;
Light display type modified plastic - PS diffuser plate, the corresponding sales in 2019 accounted for about 15.
00% and 45.
00% of the global procurement of such products from South Korea's Samsung Electronics and South Korea's LGE, respectively, becoming an excellent global cooperation between South Korea's Samsung Electronics and South Korea's LGE.
partner
.
Modified plastic particles accounted for more than 50% of the revenue
Modified plastic particles accounted for more than 50% of the revenueThe prospectus disclosed that in 2019, the income of Jushi Chemical’s modified plastic additives, modified plastic particles, modified plastic products and other products were 114 million yuan, 784 million yuan, and 478 million yuan, accounting for 7.
74%, 53.
33%, 32.
50%
.
Source: Polypetrochemical prospectus
Details of the main products of polypetrochemical are as follows:
1.
Halogen-free flame retardant
Halogen-free flame retardant
The halogen-free flame retardants produced by Polypec have good thermal and light stability, superior environmental performance, and comply with EU RoHS and WEEE standards
.
Source: Polypetrochemical prospectus
2.
Modified plastic particles and products
Modified plastic particles and products
The modified plastic products independently developed by Jushi Chemical are widely used in holiday lighting, electronic appliances, wires and cables, automobiles, LCD TVs, medical and health care and other fields
.
During the reporting period, the main types of modified plastic particles and products produced by Jushi Chemical are as follows:
Source: Polypetrochemical prospectus
As mentioned above, the main products of Polypetrochemical include halogen-free flame retardants, modified plastic particles and products
.
Among them, some of the halogen-free flame retardants produced by the company are sold to the outside world, and some of them are used as additives for the production of the company's modified plastic particles; the production of holiday lighting, electronic appliances, wires and cables, and automotive modified plastic particles are all external.
For sale; PS diffuser plates, PE breathable films and other products are directly granulated and produced by the corresponding subsidiaries, and all of them are sold to the outside world
.
