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Junzheng Group plans to invest heavily in the degradable plastics market

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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On the evening of May 6, Junzheng Group (601216) announced that the company plans to use its wholly-owned subsidiary Junzheng Chemical as the main investment, with a total of 20.
7 billion yuan to build PBAT/PBS/PBT/PTMEG green in Wuda Industrial Park, Wuhai City, Inner Mongolia The first-phase project of environmental protection recycling industry

The company plans to take the wholly-owned subsidiary Inner Mongolia Junzheng Chemical Co.
, Ltd.
(hereinafter referred to as "Junzheng Chemical") as the main investment body, and build an annual output of 2×600,000 tons of BDO and an annual output of 2× The first phase project of 1 million tons of PBAT/PBS/PBT/PTMEG green environmental protection recycling industry

Junzheng Group was founded in Wuhai City, Inner Mongolia in 2003.
At present, it is mainly engaged in two major sectors: energy and chemical industry and chemical logistics

In 2020, Junzheng Group achieved a total revenue of 14.
8 billion yuan, a year-on-year increase of 50.
99%, and a net profit of 4.
815 billion yuan, a year-on-year increase of 93.
24%.
Among them, the basic chemical raw material manufacturing industry, chemical logistics industry, ferroalloy smelting industry, and power production industry achieved respectively.
The revenue was 6.
407 billion yuan, 5.
835 billion yuan, 1.
810 billion yuan, and 1.
093 billion yuan, accounting for 43.
30%, 39.
43%, 12.
23%, and 7.
39% of the total revenue, respectively

At the end of 2020, Junzheng Group's asset-liability ratio was 37.
04%, total assets were 33.
680 billion yuan, monetary funds were 4.
363 billion yuan, and the net cash flow from operating activities in 2020 was 3.
577 billion yuan

Junzheng Group believes that the degradable plastics market has broad prospects.
The company relies on the management, technology and talent advantages accumulated by the existing circular economy industrial chain, and is based in the field of degradable materials.
On the one hand, it can further consolidate and expand the comprehensive competition of the existing industrial chain.
On the other hand, it can gradually establish the industrial scale and comprehensive competitiveness of the company in the field of fine chemicals

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