The construction of the coating project with a total investment of 2 billion yuan and an annual output of nearly 1 million tons of Yashi started

On October 20th , the groundbreaking ceremony of the Asia Chuangneng Southwest Integrated Intelligent Manufacturing Base project was held in the Changshou Economic Development Zone, announcing that the project was officially settled in Longevity.

On October 20th , the groundbreaking ceremony of the Asia Chuangneng Southwest Integrated Intelligent Manufacturing Base project was held in the Changshou Economic Development Zone, announcing that the project was officially settled in Longevity.

Astronomer stated in the EIA report that, in order to improve the company's production capacity layout, the company will use large-scale advanced production capacity to meet market demand, ensure supply and services, enhance market competitiveness, and welcome the industry's integration of small and scattered backward production capacity.

It is understood that the total investment of the project is about 2 billion yuan, covering an area of ​​about 522 acres.

Li Jinzhong said that Changshou District has obvious location advantages, superior transportation conditions, good investment environment and business environment.

Asia was founded in 1998 and listed on the main board of the Shanghai Stock Exchange in 2017.

In recent years, Asia has maintained a double-digit performance growth rate for many years, and the annual compound growth rate of revenue and net profit is higher than that of most other peer companies, highlighting high resilience and high growth.

China Merchants Securities stated in its research report that, as a leading company in architectural coatings and new building insulation materials, the company has seized the B- side opportunities and formed strategic collective procurement partnerships with many top 100 real estate companies.
At present, competition in the architectural coatings industry is still fierce, and the degree of concentration is low.
The industry concentration will continue to increase under the concentration of real estate and centralized procurement.
The company is still continuing to expand its own production capacity, adding flexible granite product production capacity in 20 years, and optimizing the production capacity structure.
With the increase in production of its own production capacity, the sinking of production capacity and channels, and gaining a blank market share, the company's comprehensive competitiveness will be further improved.
We expect the company's 2020-2021 annual EPS were 1.
69 , 2.
95 yuan, the corresponding PE were 44.
1 times, 25.
3 times, to maintain " highly recommended -A" rating.