Zhejiang Guanghua Technology Co., Ltd. was successfully listed on the main board of the Shenzhen Stock Exchange

On December 8, Zhejiang Guanghua Technology Co.
, Ltd.
(hereinafter referred to as Guanghua Co.
, Ltd.
) was officially listed on the main board of the Shenzhen Stock Exchange "ring the bell", becoming the second listed enterprise
in China's powder coating and coating industry with polyester resin as its main business.

It is reported that the stock code of Guanghua Co.
, Ltd.
is 001333, the initial public offering price is 27.
76 yuan / share, the number of shares issued is 32 million, the total amount of funds raised is 888 million yuan, the net amount is 773 million yuan, mainly used to expand production capacity
.
Among them, 382 million yuan will be used for the construction project of polyester resin for powder coating with an annual output of 120,000 tons, 70.
84 million yuan will be used for the construction project of R&D center, and 320 million yuan will be used to supplement working capital
.

According to reports, Guanghua Co.
, Ltd.
was founded in 2014, the main business is the research and development, production and sales
of polyester resin for powder coating.
As the key raw material of powder coating, the company's polyester resin products are widely used in construction, furniture, home appliances, automobiles, high-speed rail, 3C and many other fields, and are exported to Southeast Asia, Europe, America, Africa and other places
.
With the competitive advantages of product quality, brand, technology research and development, customers and services, the company's business has achieved rapid growth, and has been awarded the honors
of national high-tech enterprise, manufacturing single champion provincial cultivation enterprise, provincial enterprise technology center, Haining mu production benefit winning enterprise, industry small giant enterprise and so on.

Sun Jiefeng, chairman of Guanghua Co.
, Ltd.
, said that the successful listing opened a new milestone
in the development of Guanghua Co.
, Ltd.
With the help of capital to expand production capacity, enhance market competitiveness, at the same time closely track the global technology frontier, strengthen scientific and technological research, further promote the expansion of products to high-end and high value-added fields, and strengthen the company's technological innovation capabilities
in the field of polyester resin.

According to Wu Xiangping, secretary-general of the Coating and Coating Professional Committee of the Chinese Chemical Industry Society, polyester resin as one of the main raw materials of powder coating, with the continuous expansion of powder coating market demand, the development speed of powder coating polyester resin has also entered the fast lane of expanding production capacity, the development is accelerating, and the technical level is constantly improving
.
As of 2021, sales of polyester resins for powder coatings have reached 1.
15 million tons
.