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Guoli Technology: environmental friendly modified materials have broad prospects
Release time：2017-11-22 16:33:00
Author：admin
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On November 9, National Science and Technology (Stock Code: 300716.) successfully landed on the gem. The company's share price has risen continuously, and the current market value of the company has exceeded 2 billion yuan.
Founded in 2002, National Science and technology has been focusing on the field of modified materials for 15 years and has become a leader in this industry. Being in this fast-growing industry, National Science and technology keeps developing with its own advantages. It can be predicted that with the help of the capital market, the future prospects of the company will be broader.
The company's performance continued to improve
The national science and Technology Corporation, which has gone through 15 years, has been focusing on the R & D, sales and technical services of low-carbon, environmentally friendly, recycled polymer materials and their material products. At present, the company's main products include EVA environmental protection modified materials and products, TPR environmental protection modified materials and products and modified recycled engineering plastics. The application scope of the company's downstream products mainly includes high-end sports and leisure shoes, sports equipment, electronic supporting products, household appliances, auto parts and other fields.
At present, both at home and abroad advocate the development of low-carbon environmental protection economy and green industry. Many foreign famous brands such as Wal Mart, carloch and skyger tend to use recycled environmental protection materials to respond to the call of global low-carbon environmental protection. With the depletion of the earth's resources and the severity of environmental quality problems in the future, the development of low-carbon and environmental protection industries, especially the promotion of low-carbon and environmental protection in the manufacturing industry, will receive more and more attention. Therefore, environmental friendly modified materials have received more and more attention in recent years, which has also promoted the continuous growth of the performance of national science and technology.
According to the disclosure of the national science and technology prospectus, from 2014 to 2016, the company's operating performance grew steadily, with operating income of 379.6544 million yuan, 52.34096 million yuan and 63.13373 million yuan respectively, with an average annual compound growth rate of 28.95%. From 2014 to 2016, the net profit attributable to the owners of the parent company was 39.9769 million yuan, 46.5055 million yuan and 59.7674 million yuan respectively.
At present, the company has become a material supplier recognized by international famous enterprises such as Crocs, Amazon, Walmart, incase and decathlon, and has established long-term cooperative relations with enterprises. At the same time, most of the final customers of the company's products are well-known enterprises at home and abroad, including Disney, Anta, Guoen and other companies.
Great potential of modified plastics industry
From the development trend of the industry, the domestic modified plastics industry still has great potential to tap.
Since the development of the plastics industry, thousands of polymer materials have been synthesized. At present, it is very difficult to continue to synthesize a large number of new polymer materials. Therefore, modifying the existing plastics to produce suitable new plastic materials has become one of the effective ways to develop the new materials industry, and the global modified plastics industry has also achieved considerable development in recent years. At present, China's plastic consumption is growing steadily. According to the data of China Plastics Processing Industry Association, the growth rate of modified plastic consumption in recent years is about 12.00% - 18.00%. In 2015, the consumption will reach about 10 million tons, accounting for about 10% of the total plastic consumption. However, the world's average consumption of modified plastic accounts for about 20% of the total plastic consumption. Therefore, the domestic modified plastic industry has huge development space.
Judging from the main products of national science and technology, EVA is in short supply in China. In the past five years, the average growth rate of EVA apparent consumption has reached 11.33%. Except for 2013, when EVA apparent consumption decreased slightly, the other years showed an upward trend. The domestic production capacity of EVA was 500000 T / A in 2012. It was not until 2015 that it was increased to 600000 T / a with the production of LianHong Group Co., Ltd. Subsequently, Ningbo Formosa Plastics Chemical Co., Ltd. put into production a 72000 T / a EVA plant. Up to now, the total domestic EVA production capacity is 672000 T / A. EVA production capacity has increased by 6.09% in the past five years, which is far lower than the consumption growth rate of 11.33%. Domestic production capacity is far from meeting the growing demand, so a large number of EVA needs to be imported.
In the field of thermoplastic rubber, due to the excellent reusability of thermoplastic elastomer and the serious environmental protection problems faced by polyvinyl chloride (PVC) and traditional thermosetting rubber, the number of applications of thermoplastic elastomer has increased significantly in recent years, and the application field has been expanding. At present, thermoplastic elastomers have replaced some natural rubber, synthetic rubber and plastics, and are widely used in shoe making, auto parts (pipes, belts, mats, plates, etc.), household appliances, construction industry, medical products, sealing products, packaging products, wires and cables and other fields.
According to ceresana, an international market research institution, the global TPR sales reached US $17.3 billion in 2015 and is expected to reach about US $25 billion in 2022.
From the perspective of consumers, China's national economy is at a stage of steady growth. With the improvement of living standards, consumers' lives and consumption concepts have also changed, and they have begun to pay attention to the health, environmental protection and other characteristics of products. At the same time, with the continuous development of the shoe industry, household appliances, automobiles and other industries, it is bound to put forward more and higher requirements for the performance of polymer products, The application fields of its products will also be more and more extensive. It can be inferred from the current development trend of the polymer material industry that in the future, the output and varieties of products with high added value and high cost performance will greatly increase, the demand for polymer material products will mainly develop along the track of functionality and environmental protection, and the per capita consumption will also rise steadily.
Focus on R & D and development
The outstanding characteristic of the products in the polymer material industry is that the products are updated at a fast speed, which determines that the technology in the industry is upgraded at a fast speed. At present, with the continuous progress of technical equipment and production processes at home and abroad, enterprises in the polymer material industry must pay full attention to market demand while increasing scientific research investment in new products and technologies, so as to maintain the leading position in technology in the same industry.
National Science and technology has always attached great importance to product research and development. In recent years, R & D expenditure has always accounted for more than 3% of the company's operating income. From 2014 to 2016, the company's R & D expenditure increased from 11.17 million yuan to 2011 million yuan, almost doubling the investment. In the first half of 2017, R & D expenses continued to climb, reaching 11.82 million yuan.
The company attaches importance to product R & D and technological innovation, and has achieved many technological innovation achievements.
Product formula is the core technology of modified material manufacturers. After years of R & D and accumulation, the company has 3191 formulas, including 1384 EVA environmental modified material formulas, 1189 TPR environmental modified material formulas and 618 modified engineering plastics formulas.
Mold design ability is the core technical advantage of the company's shoe materials and finished shoes. The company has excellent mold supporting development ability. After years of precipitation and efforts, the company has established cooperative relations with many high-end footwear enterprises at home and abroad and become their qualified suppliers. The company has established a technical team with strong mold R & D, mold design and manufacturing capabilities to directly communicate with customers at the product design stage, develop mold designs that can meet relevant performance indicators, and provide mold solutions for new products.
The number of patents of a company can also reflect the technical level of the company. National Science and technology carried out research and development around environmentally-friendly modified materials. There were 38 R & D projects and 22 achievements were transformed (some R & D projects obtained many achievements). The company has obtained 8 invention patents, 1 utility model, and 28 invention patents are under examination.
The raised investment projects of the company in this IPO also focus on technology research and development. Among them, the technical transformation project of EVA environmental protection modified materials and their products is planned to invest 160 million yuan, and the technical transformation project of the R & D center is planned to invest 35 million yuan.
Founded in 2002, National Science and technology has been focusing on the field of modified materials for 15 years and has become a leader in this industry. Being in this fast-growing industry, National Science and technology keeps developing with its own advantages. It can be predicted that with the help of the capital market, the future prospects of the company will be broader.
The company's performance continued to improve
The national science and Technology Corporation, which has gone through 15 years, has been focusing on the R & D, sales and technical services of low-carbon, environmentally friendly, recycled polymer materials and their material products. At present, the company's main products include EVA environmental protection modified materials and products, TPR environmental protection modified materials and products and modified recycled engineering plastics. The application scope of the company's downstream products mainly includes high-end sports and leisure shoes, sports equipment, electronic supporting products, household appliances, auto parts and other fields.
At present, both at home and abroad advocate the development of low-carbon environmental protection economy and green industry. Many foreign famous brands such as Wal Mart, carloch and skyger tend to use recycled environmental protection materials to respond to the call of global low-carbon environmental protection. With the depletion of the earth's resources and the severity of environmental quality problems in the future, the development of low-carbon and environmental protection industries, especially the promotion of low-carbon and environmental protection in the manufacturing industry, will receive more and more attention. Therefore, environmental friendly modified materials have received more and more attention in recent years, which has also promoted the continuous growth of the performance of national science and technology.
According to the disclosure of the national science and technology prospectus, from 2014 to 2016, the company's operating performance grew steadily, with operating income of 379.6544 million yuan, 52.34096 million yuan and 63.13373 million yuan respectively, with an average annual compound growth rate of 28.95%. From 2014 to 2016, the net profit attributable to the owners of the parent company was 39.9769 million yuan, 46.5055 million yuan and 59.7674 million yuan respectively.
At present, the company has become a material supplier recognized by international famous enterprises such as Crocs, Amazon, Walmart, incase and decathlon, and has established long-term cooperative relations with enterprises. At the same time, most of the final customers of the company's products are well-known enterprises at home and abroad, including Disney, Anta, Guoen and other companies.
Great potential of modified plastics industry
From the development trend of the industry, the domestic modified plastics industry still has great potential to tap.
Since the development of the plastics industry, thousands of polymer materials have been synthesized. At present, it is very difficult to continue to synthesize a large number of new polymer materials. Therefore, modifying the existing plastics to produce suitable new plastic materials has become one of the effective ways to develop the new materials industry, and the global modified plastics industry has also achieved considerable development in recent years. At present, China's plastic consumption is growing steadily. According to the data of China Plastics Processing Industry Association, the growth rate of modified plastic consumption in recent years is about 12.00% - 18.00%. In 2015, the consumption will reach about 10 million tons, accounting for about 10% of the total plastic consumption. However, the world's average consumption of modified plastic accounts for about 20% of the total plastic consumption. Therefore, the domestic modified plastic industry has huge development space.
Judging from the main products of national science and technology, EVA is in short supply in China. In the past five years, the average growth rate of EVA apparent consumption has reached 11.33%. Except for 2013, when EVA apparent consumption decreased slightly, the other years showed an upward trend. The domestic production capacity of EVA was 500000 T / A in 2012. It was not until 2015 that it was increased to 600000 T / a with the production of LianHong Group Co., Ltd. Subsequently, Ningbo Formosa Plastics Chemical Co., Ltd. put into production a 72000 T / a EVA plant. Up to now, the total domestic EVA production capacity is 672000 T / A. EVA production capacity has increased by 6.09% in the past five years, which is far lower than the consumption growth rate of 11.33%. Domestic production capacity is far from meeting the growing demand, so a large number of EVA needs to be imported.
In the field of thermoplastic rubber, due to the excellent reusability of thermoplastic elastomer and the serious environmental protection problems faced by polyvinyl chloride (PVC) and traditional thermosetting rubber, the number of applications of thermoplastic elastomer has increased significantly in recent years, and the application field has been expanding. At present, thermoplastic elastomers have replaced some natural rubber, synthetic rubber and plastics, and are widely used in shoe making, auto parts (pipes, belts, mats, plates, etc.), household appliances, construction industry, medical products, sealing products, packaging products, wires and cables and other fields.
According to ceresana, an international market research institution, the global TPR sales reached US $17.3 billion in 2015 and is expected to reach about US $25 billion in 2022.
From the perspective of consumers, China's national economy is at a stage of steady growth. With the improvement of living standards, consumers' lives and consumption concepts have also changed, and they have begun to pay attention to the health, environmental protection and other characteristics of products. At the same time, with the continuous development of the shoe industry, household appliances, automobiles and other industries, it is bound to put forward more and higher requirements for the performance of polymer products, The application fields of its products will also be more and more extensive. It can be inferred from the current development trend of the polymer material industry that in the future, the output and varieties of products with high added value and high cost performance will greatly increase, the demand for polymer material products will mainly develop along the track of functionality and environmental protection, and the per capita consumption will also rise steadily.
Focus on R & D and development
The outstanding characteristic of the products in the polymer material industry is that the products are updated at a fast speed, which determines that the technology in the industry is upgraded at a fast speed. At present, with the continuous progress of technical equipment and production processes at home and abroad, enterprises in the polymer material industry must pay full attention to market demand while increasing scientific research investment in new products and technologies, so as to maintain the leading position in technology in the same industry.
National Science and technology has always attached great importance to product research and development. In recent years, R & D expenditure has always accounted for more than 3% of the company's operating income. From 2014 to 2016, the company's R & D expenditure increased from 11.17 million yuan to 2011 million yuan, almost doubling the investment. In the first half of 2017, R & D expenses continued to climb, reaching 11.82 million yuan.
The company attaches importance to product R & D and technological innovation, and has achieved many technological innovation achievements.
Product formula is the core technology of modified material manufacturers. After years of R & D and accumulation, the company has 3191 formulas, including 1384 EVA environmental modified material formulas, 1189 TPR environmental modified material formulas and 618 modified engineering plastics formulas.
Mold design ability is the core technical advantage of the company's shoe materials and finished shoes. The company has excellent mold supporting development ability. After years of precipitation and efforts, the company has established cooperative relations with many high-end footwear enterprises at home and abroad and become their qualified suppliers. The company has established a technical team with strong mold R & D, mold design and manufacturing capabilities to directly communicate with customers at the product design stage, develop mold designs that can meet relevant performance indicators, and provide mold solutions for new products.
The number of patents of a company can also reflect the technical level of the company. National Science and technology carried out research and development around environmentally-friendly modified materials. There were 38 R & D projects and 22 achievements were transformed (some R & D projects obtained many achievements). The company has obtained 8 invention patents, 1 utility model, and 28 invention patents are under examination.
The raised investment projects of the company in this IPO also focus on technology research and development. Among them, the technical transformation project of EVA environmental protection modified materials and their products is planned to invest 160 million yuan, and the technical transformation project of the R & D center is planned to invest 35 million yuan.
