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    Home > Coatings News > Paints and Coatings Market > The first day's increase was 117%!

    The first day's increase was 117%!

    • Last Update: 2021-08-04
    • Source: Internet
    • Author: User
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    On July 29, Shuangle Pigment Co.
    , Ltd.
    (hereinafter referred to as "Shuangle Shares", stock code: 301036) successfully registered on the Shenzhen Stock Exchange's Growth Enterprise Market, with an issue price of 23.
    38 yuan per share.
    As of today's close, Shuangle shares reported 50.
    66 yuan.
    The increase was 116.
    68%, the turnover was 738 million yuan, the turnover rate was 64.
    85%, the amplitude was 43.
    07%, and the total market value was 5.
    066 billion yuan
    .

    In the past three years, the compound growth rate of net profit attributable to the parent company exceeded 50%.
    According to the

    data, the annual output of ink in China has grown from about 697,000 tons in 2015 to 768,000 tons in 2018, and the overall ink output has shown a steady increase
    .
    At the same time, China's paint industry output in 2019 reached 24,388,800 tons, and has maintained steady growth in recent years
    .
    In 2019, the cumulative growth rate of the industrial added value of our plastic products reached 4.
    8%, and the output of plastic products from enterprises above designated size reached 75.
    301 million tons, making China the world's largest producer and consumer of plastic products
    .
    The continuous growth of the three major downstream demands has jointly promoted the continuous and steady upward development of the pigment industry
    .


    Since its establishment, Shuangle has been deeply involved in the field of phthalocyanine series and chromium pigments, and its products can be used in many fields such as automotive spraying, photoelectric inks, and ship anti-corrosion
    .
    According to statistics and instructions from China Dyestuff Industry Association and China Coatings Industry Association, the domestic market share of Shuangle's phthalocyanine series pigments and chrome pigments are as high as 25% to 30% and 30%, respectively, and the domestic market share ranks first.

    .
    According to data, from 2018 to 2020, Shuangle's operating income reached 992 million yuan, 1.
    136 billion yuan, and 1.
    354 billion yuan, respectively, and steadily expanded.
    The compound growth rate is as high as 50.
    24%, and the profitability is getting stronger
    .
    In the same period, the gross profit margin was 18.
    71%, 22.
    07%, and 25.
    49%, respectively, with a clear upward trend and a rapid increase in competitiveness
    .
    At the same time, in the first quarter of 2021, revenue is expected to increase by 42.
    99% to 68.
    22% year-on-year, and net profit attributable to parents will increase by 219.
    61% year-on-year to 259.
    57% year-on-year.
    The performance growth rate is still maintaining a rapid increase
    .



    Continued technological innovation to stabilize the leading position in subdivisions

    In recent years, several policy documents issued by national ministries and commissions have clearly pointed out that the “continuous production of thousands of tons of phthalocyanine pigments, heterocyclic organic pigments and azo-type organic pigments” is designated as petrochemical and One of the key development directions of the chemical industry, and high-quality organic and inorganic pigments are designated as strategic emerging industries to support
    .
    This series of industrial policies not only vigorously promoted the upgrading of the pigment industry, but also provided a very broad development space for pigment companies
    .


    In this context, Shuangle has been deeply engaged in the field of pigments and continuously expanded its investment in technology research and development.
    According to data, in the past three years, Shuangle’s research and development expenses have reached 34,216,100 yuan, 48,736,500 yuan, and 52,455,600 yuan, respectively, and the investment has continued to increase.
    Reached 1.
    35 and ranked firmly in the forefront of the industry
    .
    Based on this, it has successfully owned as many as 49 patents and participated in the formulation of nearly 30 national and industry standards
    .
    "Pre-activated Phthalocyanine Blue 15:3 by Dry Grinding Method" has been included in the "National Torch Program Industrialization Demonstration Project" by the Ministry of Science and Technology, with outstanding innovation capabilities and technological advantages
    .


    Jiayuan Capital, a shareholder of Shuangle, said that Shuangle is the absolute leader in its field and has market pricing power for its products
    .
    With the continuous improvement of national security and environmental protection requirements, production capacity will be concentrated in advantageous enterprises
    .
    Shuangle is expected to continue to grow its performance and maintain a relatively high level of profitability
    .




    Disclaimer The content of this article is comprehensively sourced from Shuangle Co.
    , Ltd.
    , the investment community, and the stock market Red Weekly.
    The pictures are from Panorama, etc.
    , edited by Ai Tubang.
    Please indicate the source for reprinting
    .
    If the content of the work, copyright and other issues are involved, please contact this official account in time, and we will delete the content as soon as possible!

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