New Daxin material listed in the first quarter of this year, revenue increased by 126.67%

The new star of the GEM photovoltaic industry - Henan Xinda New Materials Co., Ltd. (Xinda New Materials, 300080) was listed on the market today and officially joined the listed financing army. The main business of Xindaxin Materials is the production and sales of crystalline silicon wafer cutting material, crystal silicon wafer cutting fluid and the processing and sales of crystalline silicon wafer cutting waste mortar. It is the earliest and largest crystal silicon wafer cutting material in China. One of the production companies.
As the main supplier of crystalline silicon cutting blade materials in China, Xinda New Materials has issued 35 million shares of this IPO, with a total share capital of 140 million shares after the issuance. The company's IPO fundraising funds are mainly invested in four projects of 25,000 tons of solar crystal wafer cutting special blade material expansion project and 8,000 tons of semiconductor wafer cutting silicon carbide special blade material project. The fundraising project can be effective. Solve the problem of insufficient capacity and consolidate the company's industry position.
Xindaxin Materials is in the leading position in the wafer cutting blade industry. It is the main supplier of special wafer wafer cutting materials in the domestic PV industry. Its main products are used in the cutting of solar wafers and semiconductor wafers. At present, the production capacity is 15,000 tons. In 2007, 2008 and 2009, the market share reached 28.36%, 27.31% and 28.5% respectively. In 2009, the market share was among the highest in the industry.
Driven by the rapid growth of the global PV industry and the sharp increase in the price of cutting blades, the company achieved operating income of RMB 20,609,100, a year-on-year increase of 126.67%. The company achieved a net profit of RMB 36,822,100. During the same period, the growth rate was 162.00%. The company's comprehensive gross profit margin was 27.25%, of which the gross profit margin of the main business was 27.29%, and the gross profit margin was basically stable.
At present, the domestic crystalline silicon wafer cutting blade industry has formed an industry competition pattern led by Henan Xinda New Materials Co., Ltd. and Pingdingshan Coal Industry (Group) Yicheng Carbonized Silicon Products Co., Ltd., and the products are in short supply.
As an important supplier of major enterprises in the domestic solar photovoltaic industry, Xindaxin Materials has unique competitive advantages in terms of technology and market prospects. Xindaxincai owns the domestic advanced production line of crystalline silicon wafer cutting blade, and the production process and product quality have reached the level of international similar products. After years of exploration and accumulation, Xindaxin Materials independently researched and transformed the industry-leading professional equipment such as dry ball mill grading system and ultrasonic vibrating screen, and formed its own crystal wafer cutting blade production system. Product yield and production efficiency are ahead of other companies in the same industry.
Since 2009, China has included the solar photovoltaic industry in industries that are supported by national policies, and has introduced a series of preferential policies and subsidy policies, which have strongly supported the development of the domestic photovoltaic industry. As the amount of polysilicon consumed by solar cells increases, so does the demand for cutting blades. It is estimated that China's polysilicon production is expected to exceed 100,000 tons by 2015, and the demand for crystalline silicon wafer cutting blades will exceed 300,000 tons, and the value will exceed 5 billion yuan, more than four times that of 2009, and the compound growth rate is close. 80%, related to this, the continued growth of solar installed capacity will also bring about a huge increase in the demand for cutting blades.
In addition, Xindaxin Materials has established long-term and stable cooperative relations with Jiangxi LDK and Yingli New Energy, the leading companies in the photovoltaic industry, and has participated in Longhai Technology. Compared with other companies, the company has certain advantages in raw material procurement. It is not difficult to imagine that the future of new and new materials has huge room for growth.
Through the implementation of the fundraising project, Xindaxin Materials will gradually form a comprehensive production enterprise with crystal silicon wafer cutting edge products as its core, including other products such as silicon carbide and other micro-powder products. Relevant persons expect that after the fund-raising projects are all put into production, the annual new revenue and profit will be about 1 billion yuan and 100 million yuan respectively, which is equivalent to 1.94 and 1.70 times of the company in 2009. The effect of thickening the performance is significant, which will boost the company. The performance has grown rapidly.

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