Summary of recent industry news

Summary of recent industry news

Aug 18, 2021

1. "Single material polyolefin packaging film and bag" group standard released

On August 10, Shanghai Packaging Technology Association issued T/SHBX 005-2022 "Single Material Polyolefin Packaging Films and Bags" group standard (hereinafter referred to as "standard"), the document is applicable to single material polyolefin as the main raw material Single-layer and multi-layer packaging films and bags produced by casting method or blow molding method, printing, compounding or coating, bag making and other processes. "Standard" stipulates the terms, definitions, technical requirements, inspection rules, marking, packaging, transportation, storage, etc. of single-material polyolefin packaging films and bags.

 

Printing layer (outer layer): used to print labels, logos or other commodity information that needs to be conveyed to consumers.
Functional Layer/Barrier Layer (Intermediate Layer): Acts as a barrier to oxygen and moisture.
Heat-sealing layer (inner layer): to seal, prevent leakage of package contents, and provide strength to the overall package.

 

 

The release of the "standard" has formulated industry norms for the plastic products industry to implement the "dual carbon" policy and take a green, low-carbon sustainable development path.

At present, most of the packaging film and bag raw materials use composite structures, and the recycling rate needs to be improved. There is still a certain gap with the high-quality development concept and green development policy that the country strongly advocates. Require. Packaging films and bags with a single material polyolefin as the main raw material have high recyclability and can be reused, and will become the mainstream of the future development of the plastic products industry. (Source: Adsale Rubber & Plastics Network)

2. Strong investment of 500 million! Announcement of environmental impact assessment of Jiangsu Bolaite new project

Recently, Jiangsu Bright New Materials Co., Ltd. has entered the EIA announcement stage for the new project with an annual output of 45,000 tons of new ink and 10,000 tons of hot melt sealant. This project is a newly built project. It is located on the west side of Ganghua Road and the north side of Nanhai Road, Yangtze River International Chemical Industrial Park, Zhangjiagang Free Trade Zone, Jiangsu Province. The company plans to invest 500 million yuan to build a new type of ink with an annual output of 45,000 tons (water-based ink 5,000 tons/year, vegetable oil-based ink 10,000 tons/year, UV ink 5,000 tons/year, inkjet 50,000 tons/year, gravure printing Ink 20,000 tons/year), hot melt sealant 10,000 tons. (Source: Adhesive Information)

 

3. Gaomeng New Materials: Net profit in the first half of 2022 was 67.3044 million yuan, a year-on-year decrease of 39.85%

Gaomeng New Materials (300200) disclosed its 2022 semi-annual report on August 13. In the first half of 2022, the company achieved a total operating income of 482 million yuan, down 14.41% year-on-year; net profit attributable to the parent was 67.3044 million yuan, down 39.85% year-on-year; deducted non-net profit of 65.8265 million yuan, down 39.32% year-on-year; cash generated from operating activities The net flow was 35.9946 million yuan, a year-on-year decrease of 55.10%.

 

 

 

According to the semi-annual report, the company achieved a total operating income of 210 million yuan in the second quarter, a year-on-year decrease of 21.88% and a month-on-month decrease of 22.54%; the net profit attributable to the parent was 26.7332 million yuan, a year-on-year decrease of 49.98% and a month-on-month decrease of 34.11%; Yuan, a year-on-year decrease of 49.53% and a month-on-month decrease of 33.73%.

In the first half of 2022, the company's gross profit margin was 29.40%, a year-on-year decrease of 0.32 percentage points; its net profit margin was 13.84%, a year-on-year decrease of 6.04 percentage points. From the perspective of single-quarter indicators, the company's gross profit margin in the second quarter of 2022 was 28.54%, an increase of 0.88 percentage points year-on-year and a decrease of 1.52 percentage points from the previous quarter; the net profit margin was 12.40%, a decrease of 7.46 percentage points from the same period last year, and a quarter down 2.55 percentage points.

In terms of major changes in assets, as of the end of the second quarter of 2022, the company's goodwill increased by 4.71% compared with the end of the previous year, accounting for an increase of 2.05 percentage points in the company's total assets.

From the perspective of the aging structure of accounts receivable, as of June 30, 2022, the balance of the company's accounts receivable with an age of less than 1 year was 184 million yuan, an increase of 23.941 million yuan over the end of the previous year, accounting for The total proportion was 93.49%, an increase of 0.54 percentage points from the end of the previous year. (Source: China Securities Journal)

4. W&H flexible packaging film efficient manufacturing technology will be unveiled at K 2022

Blown film equipment supplier Windmöller & Hölscher (W&H for short) will showcase a variety of efficient manufacturing technologies for packaging films at K 2022 under the theme "Get in the Loop".

 

 

 

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