Jujushun plans to invest 50 million yuan to establish a wholly-owned subsidiary in Haikou

Latest News: On September 1, Hangzhou Jushun New Materials Co., Ltd. (hereinafter referred to as: Jushun) announced that in order to further optimize the company’s regional layout, the company plans to invest 50 million yuan in Haikou, Hainan Province The city invested in the establishment of a wholly-owned subsidiary, Hainan Jushun New Materials Co., Ltd. (tentative name, subject to industrial and commercial registration in the end).

According to the announcement, Jushun plans to establish Hainan Jushun New Materials Co., Ltd. in the Ecological Smart New City of Hainan Ecological Software Park. The business scope includes: sales of new nylon materials, sales of raw materials, import and export of goods and technologies (projects subject to approval according to law, business activities can only be carried out after approval by relevant departments).

Jushun said that according to the company’s strategic development needs and based on the future long-term strategic development plan, in order to give full play to its own brand, technology development and marketing advantages, further optimize product structure and enhance market competitiveness, it plans to implement this foreign investment to establish a subsidiary. To enhance the company’s comprehensive competitiveness. This investment is a strategic investment in the company’s plan, and will not have a significant adverse impact on the company’s finances, nor will it harm the interests of the company and all shareholders.

According to the data, Jushun was established on November 1, 2013 and listed on the Shanghai Stock Exchange on June 18, 2020. Since its establishment, it has been mainly engaged in the research and development, production and sales of new nylon materials. The main products include fiber grade chips, engineering plastic grade chips, and film grade chips. On this basis, through the research and development of special nylon (including copolymerization, high temperature nylon, nylon 66, etc.), the company continuously enriches the product sequence, increases R&D investment, improves the process formula, and continuously expands the coverage of application fields and market demand.

In terms of performance, on August 29, the 2022 semi-annual report disclosed by Jushushun showed that from January to June 2022, the company achieved operating income of 3.377 billion yuan, a year-on-year increase of 37.19%, and the net profit attributable to shareholders of the listed company was 133 million yuan. , down 8.72% year-on-year.