Jiangxi Hungpai New Material Co., Ltd. who is a pre-IPO company updates their IPO file to Shanghai Stock Exchange. Jiangxi Hungpai is a chemical company which mainly produce silane coupling agent and rubber additives. Jiangxi Hungpai plans to raise 1.05 billion RMB for new project (chlorosilane, aerogel and organosilicon project etc.) and additional working capital.
Hengyi Petrochemical disclosed the Q3 financial report on October 18, 2019. The company‘s revenue achieved 62.2 billion RMB in the three quarters of 2019, down 6.4% year-on-year; realized net profit of 2.21 billion RMB, down 9.3% year-on-year; Earnings per share was 0.78 RMB. During the reporting period, the company's gross profit margin was 5.8%, and the net profit margin was 4.4%, which was not significant changes year-on-year.
The foundation laying ceremony of 1 million tons/year nylon production project owned by China Chemical Tianchen Qixiang is held in Zibo, Shandong Province. The investment of this project is 20 billion RMB with an annual output of 1 million tons of nylon 66, 0.5 million tons of 1,6-hexanediamine, 0.5 million tons of adiponitrile and 0.5 million tons of acrylonitrile.
Dalian Commodity Exchange (DCE) release the notice on public consultation on styrene futures contracts and related rules and the notice on the collection of styrene futures delivery warehouse recently.
The 10th meeting of the central committee for deepening overall reform pass the “Opinions on Further Strengthening Plastic Pollution Control”.
China Securities Journal reported that the first round of inquiries of the Shanghai Stock Exchange about Shining 3D is completed. Shining 3D answers the questions about the losses of their main subsidiaries.
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