It is planned to invest 2 billion yuan in the construction of the Quanzhou Green New Material Smart Industrial Park project, and Oriental Yuhong will increase its production capacity again

Waterproof leader Oriental Yuhong once again increased the production capacity of green new materials
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On the evening of June 29, the company issued an announcement to reach a project investment agreement with the People's Government of Hui'an County, Quanzhou City, Fujian Province, and plans to invest 2 billion yuan to build a green new material smart industrial park in the local area.
The construction content covers waterproofing, energy-saving thermal insulation materials, civil buildings R&D and production of materials, special mortar, architectural coatings and other products, as well as supporting projects in the industrial chain
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Including the aforementioned investments, Oriental Yuhong has announced 5 project investment plans this year, and successively cooperated with the People's Government of Minqing County, Fuzhou, Fujian, the People's Government of Xinzhou District, Wuhan City, the People's Government of Xingning District, Nanning City, and Nanzhao, Nanyang City, Henan Province.
The county people's government and other local governments have reached an agreement to set up a local green new material production and research and development base, with an estimated total investment of 6.
8 billion yuan.
In 2021, there will be more than 10 investment announcements for similar projects, and some projects have entered the implementation stage.

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The proposed Quanzhou Green New Material Smart Industrial Park project is located in Huidong Park, Hui'an Economic Development Zone, with a total land area of ​​about 400 mu.
It will be constructed in three phases with an estimated total investment of 2 billion yuan.
Below 2.
5 billion yuan, the annual tax payment is 120 million yuan
.
The annual output value of the first phase of the project is expected to be no less than 700 million yuan in the third year after it is put into operation
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According to the agreement, the Quanzhou Hui'an County Government will set up a special work class under the responsibility of county-level leaders to provide a special green channel for the project, and cooperate with Oriental Yuhong to apply for key provincial projects, and support the company's products to be included in the provincial, municipal and county government procurement.
It is recommended to be used in government projects and municipal projects under the same conditions
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The company stated that this investment will further expand its production and supply capabilities in southern China and promote the continuous optimization of production capacity distribution
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Generally speaking, the economic transportation radius of waterproof building materials is about 500 kilometers, and the regional characteristics are obvious
.
As a leader in the industry, Oriental Yuhong has accelerated the deployment of production bases across the country in recent years to break down regional barriers.
Currently, it has established production logistics R&D bases in North China, East China, Northeast China, Central China, South China, Northwest China, Southwest China and other regions
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To sort out Dongfang Yuhong's project investment methods, most of them sign agreements with local governments, and set up local subsidiaries as the main body of project implementation, which contributes to local tax revenue and enters the government procurement directory
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In terms of capacity expansion, Oriental Yuhong has spared no effort
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In 2021, the company completed the non-public offering and successfully raised 8 billion yuan, which will be used for the construction of production bases in Hangzhou, Guangdong, Hainan, Chongqing, Nantong, Jilin and other production bases and to supplement working capital, and actively extend upstream, with an annual output of 135,000 Tons of functional film project and annual output of 150,000 tons of non-woven fabric projects to create new profit points
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In 2021, the company's sales of waterproof and other materials will be 1.
526 billion square meters, a year-on-year increase of 51.
2%
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In terms of performance, Oriental Yuhong has maintained a steady upward trend under the background of the policy of "housing, not speculating" and the price of raw materials continued to rise
.
In 2021, it will achieve revenue of 31.
9 billion yuan, breaking the 30 billion mark for the first time, a year-on-year increase of 47%; net profit of 4.
2 billion yuan, a year-on-year increase of 24%; revenue and net profit of 6.
31 billion yuan and 320 million yuan in the first quarter of this year, The year-on-year increases were 17.
3% and 7.
07% respectively
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The Kaiyuan Securities Research Report pointed out that under the background of steady growth, the government's special bonds focus on supporting infrastructure construction and promote the continuous recovery of infrastructure.
The real estate control policy will be loosened in the short term, and short-term demand recovery can be expected
.
Oriental Yuhong's accelerated production capacity and channel expansion, with significant scale advantages, will benefit from the dual efforts of real estate infrastructure
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