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Changhong Hi-Tech raised 445 million yuan to deepen the thermoplastic elastomer industry

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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On August 4th, Changhong Hi-Tech officially launched the IPO.
The number of shares to be issued this time does not exceed 46 million shares.
It plans to raise 445 million yuan, mainly for 20,000 tons/year of hydrogenated styrene-isoprene-styrene thermoplastic elasticity.
SEPS technology transformation project, and the second phase of the 250,000-ton/year solution styrene-butadiene rubber capacity expansion and transformation project

According to the prospectus, Changhong Hi-Tech is a high-tech enterprise in the thermoplastic elastomer (TPE) industry.
Since its establishment, it has been focusing on the research and development, production and sales of styrene thermoplastic elastomers (TPES)

From 2017 to 2019, the company achieved operating income of 491 million yuan, 1.
021 billion yuan and 1.
157 billion yuan respectively, and realized net profit of 69.
4615 million yuan, 181 million yuan, and 215 million yuan, showing an increasing trend year by year

Over the years, the company has continuously increased investment in research and development, attached importance to innovation and patent application, and attached importance to the construction of professional talent system to maintain its industry-leading technological advantages.
At present, it has a total of 7 patents, and also has core technologies for thermoplastic elastomers such as SIS synthesis and SBS hydrogenation.
These two technical invention patent applications are in the stage of invention patent substantive examination

The relevant person in charge of Changhong Hi-Tech stated that the company will focus on market development and changes in the future.
On the basis of continuously enriching and improving the existing SBS and SEBS product series, it will accelerate the construction of SEPS production capacity and promote the development of SEPS industrialization in China.
Efforts to achieve the research and development, production and sales capabilities of the full range of TPES products

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