Securities code: 002014 securities abbreviation: Huangshan Novel Co.Ltd(002014) Announcement No.: 2022-012 Huangshan Novel Co.Ltd(002014)
Announcement on project investment
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Investment overview
1. In order to further optimize the company’s asset allocation, improve production efficiency, meet diversified and differentiated market demand, and promote product structure adjustment, Huangshan Novel Co.Ltd(002014) (hereinafter referred to as “the company”) deliberated and adopted the proposal on project investment at the 14th meeting of the seventh board of directors, and the project will be implemented by the general manager of the company after approval.
2. This investment does not need to be submitted to the general meeting of shareholders for approval.
3. This investment does not constitute a related party transaction or a major asset reorganization.
2、 Basic information of investment projects
(I) the company invested in the construction of the technical transformation project of the production line with an annual output of 4000 tons of flexible packaging materials:
1. Project nature: technical transformation
2. Construction content: using the company’s existing standard cleaning and purification plant, warehouse and public auxiliary works, import two high-speed gravure printing machines (eliminate two nine color gravure printing machines that have passed their service life) and add eight bag making machines. After completion, a new production capacity of 4000 tons of color printing composite flexible packaging materials will be formed.
3. Construction period: 12 months
4. Investment estimation: the project is planned to invest 32 million yuan, including 32 million yuan for construction.
S / N equipment name unit quantity amount remarks
(10000 yuan)
1 high speed gravure printing machine 2 2650 imported
2 bag making machine 8 550 domestic or imported
Total 10 3200
5. Fund implementation: the funds required for the project shall be raised by the company itself.
6. Benefit analysis: after the completion of the project, it is expected to realize an annual new sales revenue of 106.19 million yuan, with profit
The total amount of tax is 21.83 million yuan, of which the total profit is 13.71 million yuan; The investment profit rate is 34.28%, the after tax financial internal rate of return is 35.79%, and the static after tax investment payback period is 4.35 years (including 1 year of construction period).
(II) Huangshan Novel Co.Ltd(002014) (Huangshan) packaging Co., Ltd. (hereinafter referred to as “Huangshan packaging”) invested in the construction of the technical transformation project of new composite sheet production line with an annual output of 8000 tons:
1. Project nature: New
2. Construction content: the purification and transformation of Huangshan packaging factory has been completed, and 2 multi-layer co extrusion sheet production lines, 2 solvent-free composite equipment, 6 slitting machines, 2 quality inspection machines and 1 set of intelligent conveying system have been purchased; Supporting hydropower system, air compression system and other auxiliary facilities. After the completion of the project, an annual production capacity of 8000 tons of high barrier composite sheet will be formed.
3. Construction period: 12 months
4. Investment estimation: the planned investment of the project is 36.75 million yuan, including 36.75 million yuan for construction.
No. equipment name unit quantity amount (10000 yuan) remarks
1 multilayer co extruded sheet production line 2 910 imported or domestic
2 solvent free compound machine 540 made in China
3 slitting machine 6 580 imported or domestic
4 quality inspection machines 2 90 domestic
5. Some 180 domestic water and electricity systems, air conditioners, air compressors and cooling machines
Group and other auxiliary equipment
6 sets of intelligent conveying system 1700 made in China
7 plant reconstruction and equipment installation 675
Total 3675
5. Fund implementation: the fund required for the project is self raised by Huangshan packaging.
6. Benefit analysis: after the completion of the project, it is expected to realize a sales revenue of 269.03 million yuan, a total profit and tax of 60.95 million yuan, including a total profit of 37.51 million yuan. The return on investment of the project is 62.02%, the after tax financial internal rate of return is 58.69%, and the static after tax investment payback period is 2.41 years (including 1 year of construction period).
3、 Impact of this investment on the company
The implementation of the above projects will further improve the company’s product supply capacity, enrich the product structure adjustment, expand the differentiated market and meet the diversified needs of the market; It is conducive to maintaining the brand advantage of the company and improving the core competitiveness of the enterprise.
4、 Existing risks and Countermeasures
This investment may face the risk that the project operation is less than expected due to uncertain factors such as changes in macroeconomic environment, changes in market competition, investment and construction progress and fluctuations in raw material prices.
The company will strengthen supervision and guidance, speed up the project construction process, optimize resource allocation, and strive to control and reduce the possible impact of the above uncertain factors through large-scale procurement of raw materials.
5、 Documents for future reference
Resolution of the 14th meeting of the 7th board of directors of the company.
It is hereby announced.
Huangshan Novel Co.Ltd(002014) board of directors
February 25, 2002
