echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Rubber Plastic News > new progress!

    new progress!

    • Last Update: 2022-08-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On November 16, Guangdong Jushi Chemical Co.
    , Ltd.
    (hereinafter referred to as: Jushi Chemical) IPO application on the Science and Technology Innovation Board has been submitted for registration recently, and Everbright Securities is its sponsor


    .


    On November 16, Guangdong Jushi Chemical Co.
    , Ltd.
    (hereinafter referred to as: Jushi Chemical) IPO application on the Science and Technology Innovation Board has been submitted for registration recently, and Everbright Securities is its sponsor


    .


    On November 16, Guangdong Jushi Chemical Co.


    Source: SSE website

    According to the prospectus, the public offering of Jushi Chemical does not exceed 23.
    333 million shares, and it plans to raise 490 million yuan


    .


    The main business of Jushi Chemical is the research and development, production and sales of flame retardants, modified plastic particles and products


    .


    Financial data show that from 2017 to the first half of 2020, Jushi Chemical achieved operating income of 880 million yuan, 1.
    069 billion yuan, 1.
    474 billion yuan and 803 million yuan; net profits attributable to the parent company were 39.
    2172 million yuan and 43.
    8641 million yuan.
    RMB, RMB 99.
    0202 million, RMB 85.
    5709 million


    .


    Source: Polypetrochemical prospectus



    In the listing sponsorship letter of Everbright Securities Co.
    , Ltd.
    on the IPO of Guangdong Jushi Chemical Co.
    , Ltd.
    and its listing on the Science and Technology Innovation Board on November 13 (Guangdong Jushi Chemical Co.
    , Ltd.
    ), it is mentioned that the company has deeply cultivated In the modified plastics industry, after years of development, a business model of "modified plastic additives (flame retardants) + modified plastic particles + modified plastic products" has been formed.
    Have the corresponding core technology and product series


    .


    The core of the modified plastics industry technology lies in the design of the formula and the production and preparation process


    .


    The relative advantages of the issuer's technology are mainly reflected in the chemical synthesis and compound application technology of halogen-free flame retardants, the preparation technology of flame retardant modified plastics, and the technology of functional polymer materials
    .
    Among them, the chemical synthesis and compound application technology of halogen-free flame retardants uses phosphorus and nitrogen compounds as the main raw materials, and through formula structure design and control process optimization, halogen-free flame retardants with better environmental performance are prepared, which overcomes halogen-containing flame retardants.
    When burning, it produces a lot of smoke and toxic corrosive hydrogen halide gas, causing the disadvantage of secondary harm

    .
     

    The preparation technology of flame retardant modified plastics Through the selection of basic resin raw materials, the comprehensive application of the flame retardant hyperdispersion treatment method, and the repeated deployment experiments of the combination of flame retardants and synergists, the corresponding formula combinations are obtained, which significantly improves the Flame retardant efficiency of modified plastic particle products
    .

    The functional polymer material technology is based on the characteristics of general resin materials such as PP, PS, PE, etc.
    , combined with the specific needs of downstream subdivision applications, optimizes the formulation design of substrate selection, additive dosage, etc.
    , and comprehensively applies various technologies such as mechanical design and process equipment.
    , to prepare polymer materials with specific functions

    .
     

    At the same time, the company actively promotes the establishment of national standards (technical specifications) related to modified plastics.
    The formulation of technical specifications for the thermoplastic elastomer for cables (TICW9-2012) contributes to the standardization and application promotion of modified plastics-related technologies

    .

    The company is guided by the national new material industry policy, seizes the strategic opportunity of the rapid development of the industry, relies on its own brand advantages and technological advantages, relies on core technology to drive, and continuously improves the scientific and technological content of products, and related products are widely used in holiday lighting, electronic electronics , wire and cable, automobile, LCD TV, medical and health products and other fields, the overall business scale has achieved rapid development, and the market share has been consolidated and steadily increased
    .

    At the end of the reporting period, the company had 164 R&D personnel, accounting for 14.
    94% of the total number of employees

    .
    During the reporting period, the company's R&D expenses were 25.
    9479 million yuan, 33.
    5728 million yuan, 45.
    3942 million yuan and 23.
    7902 million yuan respectively, accounting for 2.
    95%, 3.
    14%, 3.
    08% and 2.
    96% of the current operating income; There are more than 5 invention patents for operating income; operating income increased from 880,428,000 yuan in 2017 to 1,474,325,900 yuan in 2019, with a compound annual growth rate of 29.
    40%; net profit increased from 39,603,500 yuan to 120,648,400 yuan, The average annual compound growth rate reached 74.
    54%, which was in line with the requirements for the positioning of science and technology innovation in the "Guidelines for the Evaluation of Science and Technology Innovation Attributes (Trial)" of the China Securities Regulatory Commission

    .

    The company was recognized as a national high-tech enterprise in 2011, passed the review twice in 2014 and 2017, and has accumulated rich technical heritage by continuously increasing investment in research and development
    .
    As of the signing date of this sponsorship letter, the company has obtained a total of 129 patents, including 72 authorized invention patents in China, 52 utility model patents, and 5 authorized invention patents outside China, covering the chemical synthesis and compounding application technology of halogen-free flame retardants , flame retardant modified plastic preparation technology, functional polymer material technology and many other core technologies have certain competitive advantages in the modified plastics industry

    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.