A few days ago, the Huiyang Huicheng Dingzeng project was completed, with a total of 10 million shares issued. The issue price was 20.09 yuan/share, and the raised funds were 201 million yuan. The funds raised will be used for the expansion project of 10,000 tons of maleic anhydride anhydride per year. ", "annual production of 3,000 tons of new resin materials hydrogenated bisphenol A project", "annual production of 1,000 tons of electronic chemicals project." Shenwan Hongyuan Group Co., Ltd. reported that the non-public offering of Beijing Core Venture Capital Fund subscribed for approximately 80 million (40%), and the civil rights CSI SDIC Venture Capital Fund subscribed for approximately 71 million (35%). Beijing Core Power's shareholders include BOE and the National Integrated Circuit Fund. The shareholders of the civil rights CSI SDIC include the Zhengzhou State-owned Assets Supervision and Administration Commission and the Civil Rights County Finance Bureau. We believe that the company, as one of the few domestic enterprises that produce OLED blue light essential intermediates and materials, with the support of BOE, the National Fund and the Zhengzhou Municipal Government, combined with industry and government resources, will realize upstream and downstream linkage and accelerate OLED luminescent materials intermediates. Localization, the company's OLED materials are expected to usher in new opportunities for development. R&D investment continued to grow, and new projects were injected with new momentum. The company's R&D investment increased from 12.8 million yuan in 2012 to 30.77 million yuan in 2016, accounting for 3.29% of revenue. The company's new resin materials such as hydrogenated bisphenol A and OLED intermediates have been developed. With industrial conditions. On this basis, the company through the non-public issuance of the "annual production of 10,000 tons of maleic anhydride derivatives expansion project", "annual production of 3,000 tons of new resin materials hydrogenated bisphenol A project", "annual production of 1,000 tons of electronic chemicals project". In addition to expanding the original production capacity, the expansion of high-end electronic chemicals business is expected to increase the overall gross profit margin and consolidate the company's leading position in the industry. The supply of maleic anhydride anhydride is in short supply, and the rebound in prices is expected to drive up the gross profit margin. The company's maleic anhydride derivatives are widely used in electronic component packaging materials, electrical equipment insulation materials, coatings, composite materials and other fields. As downstream demand continues to grow, the company's product sales continue to grow by about 10% per year. Currently, 30,000 tons of capacity is in short supply, and the company will continue to expand production capacity by 10,000 tons to meet demand. Affected by the decline in raw material prices in previous years, product prices continued to decline. In 2017, due to the sharp fluctuations in raw material prices, gross profit margins fell. In the future, as the price of raw materials will steadily drive the price of the company's products to rebound, the gross profit margin is expected to rebound.
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