Feilu invested 443m yuan to build a new waterborne coating project in Changsha

Recently, major projects in Changsha City, Hunan Province started activities in Xiangjiang New Area in Wangcheng. Key projects such as Feilu water-based coating, Meiyijia and xiangbiwo Forest Park were started with a total investment of 6.69 billion yuan. The project is located in Wangcheng economic and Technological Development Zone, with a total investment of 443 million yuan, a land area of 74.57 mu, a total construction area of 37872 square meters, including 15456 square meters of factory buildings and 11862 square meters of warehouses. The construction content includes: water-based resin workshop, oil paint workshop, water-based paint workshop, tank farm, etc. In addition, the project will build an automatic production line with a capacity of 20000 tons / year for high-end waterborne resin, 30000 tons / year for high-end waterborne coating and 15000 tons / year for high solid oil separation coating. Flying deer Co., Ltd. is the first listed company in domestic rail transit coating industry. In the first half of 2019, Feilu achieved a revenue of 171 million yuan, a year-on-year increase of 19.57%; the net profit attributable to shareholders of listed companies was 4.554 million yuan, a year-on-year decrease of 58.43%. In terms of products or services, the revenue of anti-corrosion coating of Feilu stock increased by 36.29% to 26.7011 million yuan on a year-on-year basis; the revenue of waterproof coating increased by 18.80% to 39.7559 million yuan on a year-on-year basis; the revenue of waterproof roll increased by 33.56% to 25.0532 million yuan on a year-on-year basis; the revenue of coating integration increased by 6.34% to 64.9261 million yuan on a year-on-year basis; the revenue of project construction increased by 39.79% to 14.0292 million yuan on a year-on-year basis. After the completion of the Wangcheng project, it is estimated that the annual output value of Feilu shares will be 600 million yuan and the annual tax revenue will be 30 million yuan.