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Walrus New Materials listed today plans to invest nearly 500 million yuan to expand the production of PVC flooring

 Last Update: 2022-08-25
 Source: Internet
 Author: User

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Today (September 30), Zhejiang Walrus New Materials Co.
, Ltd.
(hereinafter referred to as "Walrus New Materials") was officially listed on the Shenzhen Stock Exchange with the stock code of 003011

Source: Walrus New Materials prospectus

According to the prospectus, from 2017 to 2019, the operating income of Walrus New Materials was 389 million yuan, 784 million yuan, and 859 million yuan respectively; the net profit after deducting non-return to the parent was 34 million yuan, 90 million yuan, and 129 million yuan

2017-2019 Company revenue and deducted non-net profit

Source: Walrus New Materials prospectus

Products comply with specific environmental requirements

Accumulate a large number of high-quality customers

According to the prospectus of Walrus New Materials, the company has provided customers with high-performance flooring products such as environmental protection, wear-resistant, waterproof and anti-skid by optimizing product material formulations and improving technical processes.
It has successively obtained EU CE certification, German TUV certification, and American FloorScore certification.
And the United States GREENGUARD certification, the above certification shows that the company's products are not only qualified in quality, but also meet specific environmental requirements

Through years of development and market promotion, Walrus New Materials has accumulated a large number of high-quality customer resources in the industry

In addition, the cost advantage of new walrus materials is obvious

In 2019, SPC floor revenue accounted for more than 50%

The prospectus disclosed that the new walrus products are mainly used for the interior floor decoration of buildings, and the product functions are similar to those of traditional wood floors, ceramic tiles and other floor decoration materials

According to the prospectus, according to the structure of the product, Walrus New Material products are divided into three categories: LVT floor, WPC floor and SPC floor

.
In 2019, the company's LVT floor, WPC floor, and SPC floor revenue were 203 million yuan, 161 million yuan, and 482 million yuan, accounting for 23.
70%, 18.
83%, and 56.
15%, respectively
.

Source: Walrus New Materials prospectus

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