Dongfang Shenghong disclosed on February 12 that in the investor relations event held on February 11, the company stated that the continuous impact of the epidemic on production was relatively small.
In addition, the company's 16 million-ton refining and chemical project in Lianyungang had already received 8 billion yuan.
Capital is implemented
Wang Jun, deputy general manager and secretary of the board of directors of Dongfang Shenghong, introduced that the epidemic mainly affects downstream enterprises of chemical fiber, and enterprises in the weaving and garment industries have basically not resumed work; Dongfang Shenghong expects to resume work on a large scale on February 15.
All work can be resumed, but it is still under observation
Before the Spring Festival, Dongfang Shenghong announced its 2019 performance forecast, with a net profit of 1.
45 billion to 1.
75 billion yuan, a year-on-year increase of about 50% to 80%
Lianyungang 16 million tons large refining projectLianyungang 16 million tons large refining project
In addition, regarding the Lianyungang 16 million-ton large-scale refining and chemical project that Shenghong has received much attention, Wang Jun said that the current progress of the project is to officially start construction at the end of 2018.
At present, more than 5 billion funds have been used, and the contract value is about 27 billion yuan, the design of 30 process packages has been completed, the infrastructure is being promoted, and the scheduled work for long-term and ultra-long-term equipment has been basically completed
The ultra-large refining and chemical project is an important investment in Shenghong's petrochemical sector, and the investment status of the project has always attracted attention
Investment status of the projectInvestment status of the project
In the conference call on February 11, Wang Jun and Qiu Hairong, director and financial director of Dongfang Shenghong, introduced the follow-up financing plan and equity-debt ratio of the above-mentioned refining and chemical projects.
The capital is 19 billion yuan, and the debt fund is 48.
6 billion yuan.
The current capital in place is 5.
5 billion yuan.
In addition, the Lianyungang Industrial Fund 2.
5 billion yuan at the end of 2019, the capital of 8 billion yuan has been implemented
According to reports, in the follow-up financing of the refining and chemical project, the other two government-guided industrial funds - the Jiangsu Provincial Industrial Fund of 3 billion yuan and the Suzhou Government Equity Investment Fund of 3 billion yuan - are in the process of being processed.
It is expected to be expected after the Spring Festival.
The implementation will be delayed due to the impact of the epidemic; the 5 billion part of the non-public offering is subject to the approval of the Issuance Review Committee of the China Securities Regulatory Commission, and the actual controller Shenghong Suzhou will subscribe for an amount of 1 billion to 1.
In addition, the debt fund is a syndicated loan, led by the Industrial and Commercial Bank of China, which is in the processing stage and is expected to be implemented after the Spring Festival