Aoke Co., Ltd. announced on the evening of December 6 that the company’s Hainan Aoke project factory has completed equipment installation and commissioning, started operation smoothly and entered the trial production stage. The main body of project implementation is the company’s wholly-owned subsidiary Hainan Aoke Ke Chemical Co., Ltd., the current trial production results of the project are good.
Aoke Co., Ltd. focuses on the R&D, production and sales of high-end new materials for green low-carbon fine chemicals derived from ethylene oxide and ethylene. It has now formed traditional epoxy derivatives such as water-reducing agent polyether monomer and ethylene carbonate series of new energy and new materials. Materials two major product segments.
Looking back on the previous situation, on December 14, 2020, Oak Shares announced that the company signed an "Investment Agreement" with the Hainan Yangpu Economic Development Zone Management Committee, agreeing that the company plans to invest in the construction of an ethylene oxide downstream derivatives project in Hainan Yangpu. Yangpu Economic Development Zone is located in the northwest of Hainan Province, in the central area of the Pan-Beibu Gulf. It is a national development zone enjoying the bonded zone policy, the first batch of national new industrialized industry demonstration bases, the national recycling transformation demonstration pilot park and the first batch of national green park.
It is worth mentioning that before Oak shares announced the above-mentioned investment, it had already completed the strategic layout of the million-ton ethylene oxide deep processing industry in Northeast China, East China, South China, Central China and Southwest China.
According to the agreement signed by the two parties at that time, the first phase of the project invested 450 million yuan to build ethylene oxide-derived fine chemical new material products and 150,000 tons/year polyether high-performance water-reducing agent monomer, 100,000 tons/year alcohol ether , 100,000 tons/year of anionic surfactants, etc. After completion and normal operation, the five-year cumulative operating income will be approximately 5 billion yuan, and the total five-year tax payment will be approximately 200 million yuan.
The second phase of the project is expected to invest 1.2 billion yuan in the construction of natural fatty alcohols, ethylene carbonate and special fine chemical products (the investment in the second phase of the project will be based on the follow-up situation and the two parties will sign a separate investment agreement). After completion and normal operation, the five-year cumulative operating income will be approximately 10 billion yuan, and the total five-year tax payment will be approximately 750 million yuan.
When talking about the purpose and impact of the investment, Oak Shares once said that the company invested in the construction of the ethylene oxide downstream derivatives project in the Yangpu Economic Development Zone, aiming to rely on the location conditions, port logistics and port logistics of the Yangpu Economic Development Zone. , policy support, business environment, raw material resources and other advantages, fully mobilize the advantageous position of Yangpu Economic Development Zone in the construction of Hainan Free Trade Port. While further improving the company's strategic layout along the coast and along the river, we will take advantage of RCEP opportunities to improve the company's marketing network system, open up the existing geographical spatial pattern, and jointly release synergistic effects; further accelerate the development of markets in Southeast Asian RCEP agreement countries, and enhance the company's presence in Market share in South China and overseas.
Aoke shares stated in an announcement disclosed on the evening of December 6 that after the Hainan Aoke project is officially put into production, it will make full use of the advantages of Hainan Yangpu Economic Development Zone, actively develop the ASEAN market, and go out to develop along the Maritime Silk Road. international markets, are of great significance.
Aoke shares also reminded that the investment in the Hainan Aoke project is based on its own development strategy and prediction of the future development prospects of the industry. However, during the development process, the market will be affected by multiple factors such as policy, technology, and business development, and there are uncertainties. nature, thereby bringing uncertainty to the company's future operating performance.
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