Contact Us       中文

1

1

 
Search
>
Announcement of Zhejiang Juhua Co., Ltd. on the establishment of a wholly-owned subsidiary and implementation of a high-purity e

Announcement of Zhejiang Juhua Co., Ltd. on the establishment of a wholly-owned subsidiary and implementation of a high-purity e

Source:
2018/09/24
Page view
Stock abbreviation: Juhua stock code: 600160 Announcement No.: Pro 2014-71
 
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint responsibility for the truthfulness, accuracy and completeness of the contents.
 
Zhejiang Juhua Co., Ltd. (hereinafter referred to as "the company" or "company") in order to adapt to the rapid development trend of the electronic information industry market, accelerate the cultivation of electronic chemicals business, play a variety, scale agglomeration and synergy, and cultivate new profit growth points Promote transformation and upgrading and optimize the industrial structure. After deliberation at the thirteenth meeting of the Sixth Board of Directors of the company, the company agreed to set up a wholly-owned subsidiary and invested RMB 150 million to implement the high-purity electronic gas project (Phase I) (hereinafter referred to as “ this project "or "project"). The announcement is as follows:
 
First, the basic situation of the newly established company (hereinafter referred to as "new company")
 
(1) Company name: subject to the name approved by the company registration authority
 
(II) Type of company: one person limited liability company
 
(3) Investor: Zhejiang Juhua Co., Ltd. (the company)
 
(4) Registered capital: 80 million yuan
 
(V) Investment method: cash
 
(6) Place of registration: High-tech Industrial Park, Cangzhou City, Zhejiang Province
 
(VII) Residence: Within the High-tech Industrial Park of Cangzhou City, Zhejiang Province
 
(VIII) Business scope: The preparation of high-purity gas chemical projects (subject to the name approved by the company registration authority).
 
(IX) Corporate governance structure: The new company does not establish a shareholders' meeting, a board of directors or a board of supervisors, and has one executive director, one supervisor and one general manager. The functions of the executive directors, supervisors and general managers shall be stipulated in the company's articles of association.
 
Second, the project overview
 
(1) Project name and implementation subject
 
Project Name: High Purity Electronic Gas Project (Phase I)
 
Implementation body: The new company is responsible for implementation.
 
(2) Project content
 
New production equipment and related supporting facilities for 1000t/a pharmaceutical grade hydrogen chloride, 1000t/a high purity hydrogen chloride, 500t/a high purity chlorine gas and other products.
 
(3) Process technology plan
 
The company uses the company's existing industrial raw materials to purify and produce high-purity high-purity electron gases such as chlorine and hydrogen chloride.
 
(4) General layout
 
The project is planned to be built in the company's production area without land acquisition.
 
(V) Investment estimation and financing
 
The total investment of the project is about 150 million yuan. The source of funds is the company's own funds and bank loans.
 
(6) Economic Benefit Evaluation
 
After the project is put into production, the estimated annual average profit is 52 million yuan. The financial internal rate of return before income tax is about 24%, and the financial internal rate of return after income tax is about 20%.
 
(VII) Project implementation plan
 
The production plant is scheduled to start construction in April 2015, and the test conditions will be available in December 2015.
 
Third, the project prospects of the project
 
The main products of this project, high-purity hydrogen chloride is mainly used for cleaning and epitaxial growth process in semiconductor chip production process; high-purity chlorine gas is mainly used in liquid crystal flat panel display, optical fiber and semiconductor industries, as etching gas and dehydrating agent; medical grade hydrogen chloride The products are mainly used in medical synthetic raw materials.
 
According to the revised National Industrial Structure Adjustment Guidance Catalogue (2011), the high-purity electronic gas and medical hydrogen chloride are national encouraged projects.
 
Among the seven national strategic emerging industries such as energy conservation and environmental protection, new generation information technology, biology, high-end equipment manufacturing, new energy, new materials and new energy vehicles, the high-purity electronic gas is related to: the semiconductor lighting industry in the energy conservation and environmental protection industry. Communication network, Internet of Things, triple play, new flat panel display, high performance integrated circuit in the new information technology industry; aerospace equipment in the high-end equipment industry; solar energy in the new energy industry.
 
As the world's electronic consumption and manufacturing shift to the domestic market, the state's support policies for downstream industries such as information, semiconductors, and integrated circuits continue to emerge, and pharmaceutical-grade hydrogen chloride production is difficult. The new drug varieties of pharmaceutical-grade hydrogen chloride raw materials are continuously expanding. The main products of this project have good market prospects.
 
Fourth, the implementation significance of the project and its impact on the company
 
The project has the characteristics of high technical requirements, high market threshold and high added value. It conforms to the national industrial policy orientation, and the company's industry is transforming and upgrading to “new materials, new energy, new environmental protection and new uses”, as well as market consumption trends. Development prospects.
 
The implementation of this project can speed up the localization of products, form a variety, scale agglomeration and synergy effect with the company's existing wet electronic chemicals business, foster new profit growth points of the company, accelerate the cultivation of the company's electronic chemicals business, and optimize the industrial structure. It is of positive significance to improve the industrial chain and enable the company to form a domestic leading position in the field of electronic chemicals.
 
The implementation of this project will not have a significant impact on the company's financial status and operating results for the current year.
 
Special announcement.
 
Board of Zhejiang Juhua Co., Ltd.
 
November 19, 2014