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Lingwe Technology Earmarks 1 Billion Yuan on Second Phase of Catalyst Carrier, Resin Factory
02:30 AM EDT, 03/15/2023 (MT Newswires) -- Guangzhou Lingwe Technology (SHE:301373) disclosed plans to spend another 1 billion yuan for the second phase of its catalyst carrier and resin factory in Ch
Ling Wei Technology: Plans to invest 1 billion yuan to build catalytic carriers and other projects
Ling Wei Technology (301373.SZ): Plans to invest 1 billion yuan in the second phase of the project in Cihu High-tech Industrial Development Zone in Ma'anshan
Gelonghui, March 14, 丨 Ling Wei Technology (301373.SZ) announced that on March 14, 2023, the company and the Ma'anshan Cihu High-tech Industrial Development Zone Management Committee jointly signed an “Entry Agreement” in Ma'anshan City, Anhui Province. The company plans to invest in the second phase of the project (a 10,000 ton catalyst carrier and 20,000 tons of water-based resin, two 10,000 tons of catalyst carrier ultrafine powder and R&D center) in Ma'anshan Cihu High-tech Industrial Development Zone. The project is planned to be constructed simultaneously in two parts, mainly producing products such as catalysts and water-based resins.
Ling Wei Technology (301373.SZ) plans to build catalyst and water-based resin production capacity of 1 billion yuan in Ma'anshan City to improve the layout of its base in East China
According to the Zhitong Finance App, Ling Wei Technology (301373.SZ) announced that the company and the Maanshan Cihu High-tech Industrial Development Zone Management Committee have jointly signed an “Entry Agreement” in Ma'anshan City, Anhui Province. The company plans to invest in the second phase of the project (a 10,000 ton catalyst carrier and 20,000 tons of water-based resin, two 10,000 tons of catalyst carrier ultrafine powder and R&D center). The total project investment amount is 1 billion yuan, and the project site is about 75 acres. The project is planned to be constructed simultaneously in two parts, mainly producing products such as catalysts and water-based resins. According to the announcement, the saddle where the project construction address is located
Ling Wei Technology (301373.SZ): The scale of overseas sales revenue of the company's products has gradually increased in recent years
Gelonghui, Feb. 24, 丨 Ling Wei Technology (301373.SZ) said when surveyed by the agency at 14:00-16:00 on February 22, 2023, that the overseas sales revenue scale of the company's products has gradually increased in recent years. Under the premise that the company's overall revenue level continues to rise, the proportion of overseas sales revenue in main business revenue increased from 6.06% in 2019 to 16.51% on June 30, 2022. This shows that in addition to increasing the penetration rate of domestic import substitution, the competitiveness of the company's products in the international market is also increasing, and the company's products will further enter the global market. Company products
Ling Wei Technology: The company's silicon dioxide currently does not meet aerospace standards
Ling Wei Technology (301373.SZ): It is proposed to use no more than 600 million yuan of idle raised funds (including overraised funds) for cash management
Gelonhui, Feb. 9 丨 Ling Wei Technology (301373.SZ) announced that on February 9, 2023, the company held the 9th meeting of the 3rd board of directors and the 9th meeting of the 3rd board of supervisors respectively to review and pass the “Proposal on Using Some Temporarily Idle Funds Raised (including Overraised Funds) for Cash Management”. In order to improve the efficiency of the use of temporarily idle funds raised, better preserve and increase the value of the company's capital, and bring more returns to the company and shareholders. On the premise of not affecting the normal development of fundraising projects and effectively controlling risks, the company and its subsidiaries plan to use no more than 600 million yuan (RMB) Temporary vacant recruitment of (including the number of books)
Ling Wei Technology (301373.SZ): Plans to use part of the raised capital to increase capital to subsidiaries and provide interest-bearing loans to implement fund-raising projects
Gelonhui, Feb. 9 丨 Ling Wei Technology (301373.SZ) announced that on February 9, 2023, the company held the 9th meeting of the 3rd board of directors and the 9th meeting of the 3rd board of supervisors respectively to review and pass the “Proposal on Using Partial Funds Raised to Increase Capital to Subsidiaries and Provide Interest Loans to Implement Fundraising Projects”. In order to ensure the smooth implementation of capital raising projects and taking into account the actual operating situation of the company, the company plans to use 243 million yuan of capital raised funds to implement fund-raising for the wholly-owned subsidiary Anhui Ling Wei New Materials Technology Co., Ltd. (“Anhui Ling Wei”) Projects, of which 10 million
N Ling Wei (301373): China's leading manufacturer of high-end nano silicon dioxide
The company began with chemical trade and is now a leading manufacturer of high-end nano silicon dioxide products in China. When the company was founded in 2007, it was mainly engaged in the trading business of chemical products, and began cooperating with BYK to sell coating additives in 2009. The acquisition of Lengshuijiang Sanya in 2013 has the capacity to produce its own products, developed and mass-produced opening agents in 2017, and developed and mass-produced ion-exchange anti-rust pigments and special matting agents for water-based coatings in 2018. Currently, it is mainly engaged in R&D, production and sales of new materials for middle and high-end nano silicon dioxide, and sales of coating additives and other materials, which have now become domestic
Ling Wei Technology landed on the GEM, and the stock price rose more than 30%, focusing on new nano-silicon dioxide materials
The price-earnings ratio is far higher than that of peers
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