Rongsheng Petrochemical: It is planned to invest 19.2 billion yuan in high -performance resin projects

On the evening of August 17, 2022, the A -share company Rongsheng Petrochemical (002493.SZ) announced that it is planned to invest in construction of high -performance resin projects. The project is expected to invest 19.2 billion yuan. The purpose of this investment is to increase the depth of the processing of existing products, increase the output ratio of high value -added new material products, and further enhance the company's comprehensive competitive strength.

According to the estimation of the research report, after the project is completed, the average annual operating income can be 27.443 billion yuan, and the annual net profit can be achieved by 2.423 billion yuan. The financial internal return rate of the project after tax was 17.75%, and the recycling period of after -tax investment was 6.75 years (including the construction period of 2 years).

On the same day, it was announced that it was intended to invest in the construction of high -end new material projects, with a total investment of 64.1 billion yuan; it was planned to invest in construction of 1.4 million tons of ethylene and downstream chemical devices (optimization of the second -phase engineering product structure) project with a total investment of 34.5 billion yuan.

Rongsheng Petrochemical stated that the company can add 1.4 million tons/year ethylene and downstream chemical devices by adding raw materials such as ethylene, acrylic, butadiene and other raw materials on the one hand to develop downstream high value -added new materials and fine chemical industries for the company. Provide sufficient raw materials guarantee and expansion space; on the other hand, it can further reduce the output ratio of refined oil, achieve quality and efficiency of oil refining, reduce unit product emissions, and help green and low -carbon development.

This investment is in line with the company's strategic development plan, and further "oil reduction and increase". The company optimizes the industrial structure through the "Youlin, Disposal, and Make -up Chain", and further expands the scale of high -end chemical materials and chemical production capacity to enhance the comprehensive competitiveness of the enterprise. It is positive for long -term development. The source of investment funds in this project is the company's own funds and bank borrowings. The company will invest funds in installments according to the specific progress needs of the project, which will not adversely affect the company's financial status and operating results.

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