On June 10, Asia CUANON (603378) issued an announcement that in order to optimize the company's product structure, expand its business scope, expand market share, meet the company's diversified layout in the field of building materials, and create business synergy advantages, the company launched in June On the 10th, an investment agreement was signed with the Anhui Quanjiao County Government and plans to invest in the construction of a new paint manufacturing base project of Astronix Technology (Chuzhou) in Quanjiao County, Chuzhou City, Anhui Province.
The total investment of the project is 400 million yuan and the land area is about 150 acres. The main construction contents and annual production capacity are: (1) 12,200 tons of solvent-based coating; (2) 50,000 tons of polyurethane waterproof coating; (3) other supporting materials. After the project is completed and put into production, it is expected to realize an annual sales income of 1.24 billion yuan. The company will set up a wholly-owned subsidiary in Chuzhou to take charge of the specific investment, construction and operation of the project. The project is planned to be completed and put into production within 21 months.
Astronix said that with the development of my country's economy and the continuous acceleration of the urbanization process, the paint industry has maintained a relatively high growth. After the project is completed and put into production, it can provide the market with high-tech solvent-based coatings and polyurethane waterproof coatings, which will support the company to gain more market share and improve its overall competitiveness and overall profitability.
Asia CUANON Anhui Integrated Intelligent Manufacturing Base was officially put into operation in October 2018. The base has a total investment of about 1 billion yuan and covers an area of about 380 acres. It is designed to produce 250,000 tons of water-based environmentally friendly coatings and 50,000 tons of mortar/putty. , 75,000 tons of sintered sand, 300,000 cubic meters of modified thermal insulation board, 6 million square meters of stone decorative flexible patch, 5 million square meters of thermal insulation decorative board.
It is reported that the Asia CUANON Anhui base is built on the development concept of "automation, intelligence, and information". After the project is completed, it will become a comprehensive production base in the East China region, the largest and most advanced production base for paint and exterior insulation in China . The annual output value of the base has exceeded 1 billion yuan.
Asia CUANON subsequently also invested in a number of projects in the Anhui base, including Asia CUANON Chuangneng Technology (Chuzhou) waterproof material manufacturing base, which is the company's first waterproof material production base. The base has a total investment of 400 million yuan and a land area of about 200 acres. It mainly builds waterproof membranes of 60 million square meters per year and asphalt waterproof coatings of 20,000 tons per year. After the project is completed and put into production, it is expected to realize an annual sales income of 1.2 billion yuan.
Chen Hong, general manager of Asia CUANON Group's production management center, previously stated that the Chuzhou factory will become an intelligent production base that supports Asia CUANON's development in the next 10 years or even 20 years. In the future, Asia CUANON will also be based on the intelligent manufacturing plant in Chuzhou, Anhui. Smart factories covering the whole country form a supply chain system with fast delivery and creating customer value.
Founded in 1998 and listed on the main board of the Shanghai Stock Exchange in 2017, Asia CUANON is a high-tech enterprise integrating R&D, manufacturing, sales and service of functional architectural coatings, thermal insulation decorative boards and new materials for fire insulation. At present, the Group has built eight production bases in Shanghai, Tianjin, Shaanxi, Xinjiang, Anhui, etc. The company is one of the top 100 manufacturing enterprises in Shanghai.
At present, Asia CUANON Group's 2019 construction coatings production capacity is 300,000 tons/year (anhui Chuzhou production capacity is 250,000 tons, and the Shanghai plant is about 50,000 tons), and its capacity utilization rate is 103.97%. Its coatings production capacity is still in a bottleneck period. In order to make up for the shortage of existing production capacity and meet the growing market demand, Asia CUANON is also accelerating the layout of advanced national production capacity and scale production capacity.
Asia CUANON has plans to build new comprehensive intelligent manufacturing bases in Bishan, Chongqing, Changsha, Hunan, Shijiazhuang, Hebei, Nanyang, Henan, and Zhaoqing, Guangdong. After the completion of these production bases, the new production capacity of paint will be 865,000 tons, the annual output of 1,250 square meters of imitation stone veneer flexible patch, thermal insulation decorative board production capacity of 8.5 million square meters, thermal insulation board production capacity of 750,000 cubic meters, etc. It has an important role to enhance supply capacity and market share.
In addition, Asia CUANON also plans to expand its coatings production capacity to 1.5 million tons by 2023. Specific architectural coatings capacity planning includes: 50,000 tons in Xinjiang, 250,000 tons in Shijiazhuang, 300,000 tons in Chongqing, 300,000 tons in Chuzhou, and 200,000 tons in Guangdong. 50,000 tons in Shanghai, 200,000 tons in Changsha, 65,000 tons in Nanyang, etc. (excluding waterproof coating production capacity).
Asia CUANON has planned to enter the field of waterproof materials and plans to expand the waterproof capacity. It is understood that Asia CUANON will increase the investment layout of the waterproof business and plans to implant waterproof material production lines in its six major production bases-Chuzhou, Urumqi, Chongqing, Changsha, Shijiazhuang and Guangdong bases.
Asia CUANON Group will form a 15 billion capacity layout and 10 billion sales revenue in the next three years, and will complete the "1+6+N" capacity layout by then-"1" refers to the Asia CUANON Group’s Shanghai headquarters and the headquarters industrial base as Center, the regional supply chain formed with satellite factories and OEM factories; "6" refers to the six regional headquarters of the Asia CUANON Group, and centered on 6 comprehensive intelligent manufacturing bases such as Chuzhou, Urumqi, Chongqing, Changsha, Shijiazhuang, and Guangdong , And six other regional supply chains formed with satellite factories and OEM factories. Even in the next five years, Asia CUANON will be upgraded to "1+8+N" capacity layout, forming a strategic layout for the Shanghai headquarters and 8 regional headquarters, and rewriting the existing layout.
According to the annual report, Astronix achieved operating income of 2.425 billion yuan in 2019, an increase of 45.89% year-on-year; net profit attributable to shareholders of listed companies was 114 million yuan, an increase of 94.41% year-on-year. Even in the environment of market downturn caused by the new coronary pneumonia epidemic that broke out at the beginning of the year, the company still sets its 2020 revenue target to increase by 30%-50% year-on-year.
