Pentium Paint's new three-plate listing pre-disclosed a decline in annual sales

China Coatings Network
News:
February 2, 2015, Shandong Pentium Paint Co., Ltd. in the national small and medium-sized enterprise share transfer system publicly released the "Shandong Pentium Paint Co., Ltd. public transfer instructions", marking the Shandong Pentium Paint Industry new three-board listing pre-disclosure, the total number of shares issued is 50 million shares. According to the transfer instructions, the operating income of Shandong Pentium Paint Industry in 2012, 2013 and January-September 2014 was RMB30,842.00 million and RMB28,767, respectively. Net profit was RMB1,917.62 million, RMB1,901.97 million and RMB17,910.3 million, respectively. From the data, sales have fallen.
Shandong Pentium Paint Co., Ltd. (formerly established in 1985, Yancheng Tiexi
paint factory
), mainly engaged in
big coatings
,
industrial coatings
research and development, manufacturing, sales, products including alcoholic acid Reconcile paint, high-grade building
passing
, water-based environmental protection coatings, industrial
corrosion coatings
, decorative coatings, a variety of synthetic resins, products are mainly applicable to machinery manufacturing, petrochemical, steel engineering, construction, decoration, automotive manufacturing and other industries.
several major risks were analysed in the transfer statement, including "the risk of asset idleness and falling profits due to the relocation of new plants affecting the company's normal production and future capacity expansion".
transfer statement said that the company's existing production sites and production facilities can no longer meet the company's future production and operation development planning needs, in 2013 the company in Fenglou Village, a new acquisition of land and the construction of a new plant, used to transfer the company's existing production capacity and expand future production capacity. If the company's new plant construction progress is not in accordance with the planning requirements, and the company's new facilities adaptability needs to be constantly adjusted, new equipment, new processes, may need continuous improvement to better adapt to product production requirements, may affect the company's 2015 production progress, product quality and stability, which will have a certain impact on the company's 2015 scheduled production.
the relocation of the company, if the production capacity is fully released, will form an annual output of various aliclicide resin 800,00 tons, aolic acid paint 40,000 tons, construction paint 20,000 tons, water-based industrial paint 2 0,000 tons, a variety of PHEN emulsion 10,000 tons, and a variety of other coatings to form a total of 198,000 tons of production scale (of which 296,000 tons of synthetic branches for their own use), close to the company's existing production capacity of four times.
the project is fully put into operation, if the company is unable to effectively develop the market according to the plan in the future, and further improve market share, there may be overcapacity, idle assets risk. In addition, the project will generate a large amount of depreciation expenditure on fixed assets after it has been produced and transferred to the fixed assets, and if the project fails to achieve the expected return, the company is at risk of a decline in profits due to a substantial increase in depreciation and amortization expenses.
It is learned that Shandong Pentium paint company 500,000 tons / year of new environmental protection paint project in 2012 after the foundation, and in order to ensure that the project as soon as possible put into production, Pentium paint industry also hope to be listed in the "new three boards" to solve the project funding problems.