Feilu shares will raise 177 million to increase the water-based paint market

On April 3, Fei Lu announced that the company issued 177 million yuan of convertible bonds through the review committee of the Securities Regulatory Commission. The company attaches great importance to the future prospects of the water-based paint market and is preparing to invest the raised funds to produce 20,000 tons of water-based resin Two major projects of high-end equipment water-based paint.

A person in the company said: "Compared with oil paints, water-based paints have many advantages. First, water-based paints use water as a solvent to save construction work, reduce the risk of open flame accidents, and are more environmentally friendly; second, water-based paints can directly It can be applied on the surface of wet items, and it can also be applied in a humid environment. It is more convenient for rail transportation construction and real estate project construction that are mainly outdoor operations. Finally, water-based paint has better adaptability to the material surface and adhesion Stronger, more convenient cleaning of construction tools, from the perspective of overall cost, water-based paint has a greater advantage. "

The convertible bond plan shows that Feilu intends to raise 126 million yuan in new projects with an annual output of 20,000 tons of water-based resins, and 51.17 million yuan in new projects for high-end equipment water-based paints. The total investment of the above two projects is expected to be 321 million yuan, and the part of the funds raised above the convertible bonds will be solved by the company's previously raised funds and the company's self-raised funds. At the end of February, Feilu issued a performance report. In 2019, the company achieved operating income of 492 million yuan, a year-on-year increase of 28.36%, and net profit attributable to its mother of 21.05 million yuan. The company adopted the principle of high-quality parity to promote its strategic goals, and its market share has increased.

The company also said: "The demand for waterborne coatings in the rail transit industry is on the rise. After the two major projects launched this time, the company will continue to maintain its leading position in the field of anticorrosion of rail transit equipment and create new Profit growth point. "