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    Home > Chemicals Industry > Rubber Plastic News > The largest domestic manufacturer of polyetheramine products, Chia Tai New Materials submitted to the main board of the Hong Kong Stock Exchange

    The largest domestic manufacturer of polyetheramine products, Chia Tai New Materials submitted to the main board of the Hong Kong Stock Exchange

    • Last Update: 2022-08-28
    • Source: Internet
    • Author: User
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    On June 15, 2021, SUPERIOR NEW MATERIALS COMPANY LIMITED (referred to as "CP New Materials") from Zibo, Shandong submitted a prospectus to the Hong Kong Stock Exchange, intending to list on the main board of Hong Kong IPO, CEB International is the sole sponsor people


    .


    It is understood that Chia Tai New Materials Co.
    , Ltd.
    is the largest manufacturer of polyetheramine products in China, mainly engaged in the research and development, production and sales of polyetheramine products under the brand of "CP New Materials"


    .


    According to the Frost & Sullivan Report, in 2020, CP New Materials ranked first in terms of production and sales volume of polyetheramine products in China


    .


    CP New Materials has a diversified product portfolio, which can be divided into three categories, namely monoamine, diamine, and triamine (the difference is determined by the core polyether backbone structure of the product), and all three can be based on epoxy resin according to chemical structure.
    The proportions of propane (PO), ethylene oxide (EO) or a mixture of both are further classified


    .


    About 25.
    6%, 34.
    3% and 56.
    4% of CP New Materials' annual sales for the years ended December 31, 2018, 2019 and 2020, respectively, were derived from the use of the company's products to produce wind power blade adhesives for the wind power industry in China.
    product manufacturer


    .


    At the same time, Chia Tai New Materials also obtained non-material income from the sales of by-products (ie, rectified small molecule polyols and ammonia water) to customers and the processing chemicals for several customers (including DXN Federal and Feizhuo, both of which are connected persons of the company).
    income


    .


    In recent years, the financial reports show that the revenue of CP New Materials for the years ended December 31, 2018, 2019 and 2020 were 440 million yuan (unit: RMB, the same below), 580 million yuan and 797 million yuan respectively; It is 29.
    543 million yuan, 79.
    301 million yuan and 189 million yuan


    .


    Chia Tai New Materials said that the increase in revenue during the track record period was mainly due to the increase in market demand from downstream customers in the wind power and construction industries


    .


    According to the Frost & Sullivan Report, with the termination of the national subsidy policy, the sales volume of polyetheramine products in China's wind power industry is expected to decrease from 62,932 tons in 2020 to 38,286 tons in 2021, representing a decrease of approximately 39.
    2%

    .

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