On November 14, the second phase project of Jusailong’s East China high-performance modified engineering plastics production base officially started. This project is the company’s first investment project after its listing.
Project renderings
The total investment of the Jusailong East China high-performance modified engineering plastics production base project is 1.008 billion, covering an area of 109 acres. The project is constructed in two phases. The first phase has been put into production in May 2020 through reorganization and expansion of product lines, with an annual production capacity of 130,000 tons. After the Jusailong Wuhu production base is fully completed and reaches capacity, it will form a new materials industry base with an annual output value of over 2 billion yuan.
Jusailong production base
Southwest Production Base (Yubei, Chongqing): Plans to build new production workshops, comprehensive office buildings, R&D centers and other ancillary facilities. At the same time, it will introduce advanced production equipment, intelligent storage equipment and R&D testing equipment to produce modified plastic products and improve the company’s various aspects. improve the production efficiency and stability of product quality of similar modified plastic products, and improve the company’s production base layout.
East China Production Base (Wuhu, Anhui): This project is started.
South China Production Base (Conghua, Guangdong): The Conghua production base has a designed production capacity of 150,000 tons/year. The second phase of the base construction project is a raised investment project. The main body has been completed and equipment installation and debugging are in progress. It is expected that new modifications will be added after the project reaches capacity. The production capacity of PP, modified PC/ABS, modified PBT and other modified plastic products is 50,000 tons/year.
Jusailong is a high-tech enterprise specializing in the R&D, production and sales of modified plastics. Its main products include modified general plastics, modified engineering plastics, modified special engineering plastics and other polymer materials. A relatively comprehensive product line has been established, covering various polymer materials such as PP, ABS, PC, PC/ABS, PBT, PET, HIPS, PPO, and PPS.
It was listed on the New Third Board on October 11, 2016 and on the A-share market on March 14, 2022.
In the first three quarters of 2023, the company achieved operating income of approximately 1.037 billion yuan, a year-on-year increase of 11.49%; net profit attributable to shareholders of listed companies was approximately 33.28 million yuan, a year-on-year increase of 51.76%. In the third quarter, the company achieved net profit attributable to shareholders of listed companies of approximately 13.59 million yuan, a year-on-year increase of 264.73%.
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