Wan Kai New Material expects net profit of 260 million yuan - 300 million yuan in the first quarter

Regarding the reasons for the change in performance, Wankai New Material said that during the reporting period, with the continuous growth in demand for polyester bottle flakes, Wankai New Material Co., Ltd. had sufficient orders on hand and the demand for new orders was gradually released.

At the same time, the company's existing production capacity is operating well, and after the second phase (600,000 tons) of the new food-grade PET polymer materials project with an annual output of 1.2 million tons is put into trial operation, the production capacity will further increase.

Ltd. was established in March 2008, is a leading domestic polyester materials research and development, production and sales enterprises, is committed to providing society with healthy, safe, environmental protection, high-quality polyester materials, is located in China's most active economy of the Yangtze River Delta - Haining City, Jianshan New District.

The company has an annual production capacity of 1.8 million tons of bottle-grade chips, which is among the largest in the world.

It has built up core production technologies such as IPA individual esterification, low temperature polymerization process and compound energy-saving insulation with independent intellectual property rights, and has the largest single set of new equipment in the world.

The advanced 40,000 tonne per annum small-scale flexible polyester production plant and equipment introduced by the project will be dedicated to the experiment and production of new high value-added products with relatively small demand, further enriching the company's polyester product system and building a high depth industrial "moat".

At present, Wankai New Material has accumulated many famous customer resources, the main customers include many famous enterprises at home and abroad, such as Nongfu Mountain Spring, Coca-Cola, Yi Bao, Wahaha, etc., and the products are sold to hundreds of countries and regions around the world.

At the same time, the company has built a number of postdoctoral research stations, provincial academician expert workstations and other production, academic and research cooperation platforms, and has established strategic cooperation with a number of institutions of higher learning and professional institutions, which play a unique role in enhancing the technological innovation capacity of enterprises, optimizing product structure and training scientific research talents.

Over the years, with the advantages of high quality products, technical innovation and scale, the company has been awarded "Top 500 Private Enterprises in Manufacturing Industry in China", "Top 500 Private Enterprises in Foreign Trade in China", "Famous Business Name of Zhejiang Province "We have become the leader of "Made in China" in the bottle grade PET industry, and have been awarded the honorary titles of "Zhejiang Famous Brand for Export" and so on.