Nanjing Julong: a leading enterprise in modified engineering plastics

The dominant position of the field is widely recognized. With the success of the IPO, the company is expected to continue to take the lead in the industry with the help of capital.

Company performance has grown steadily

Since its establishment on April 27, 1999, Nanjing Julong has focused on technological innovation and independent research and development in the field of modified plastics. Through years of accumulation, it has developed into a high-tech enterprise integrating R&D, production and sales. And achieved important breakthroughs in environmental protection and other aspects, forming a high-performance modified plastic and plastic wood product system for multiple application fields.

The development of the modified plastics industry has broad prospects. High-performance modified plastics are indispensable supporting materials for high-end manufacturing, energy conservation and environmental protection, and new energy. With the differentiation of market demand, individualization and high-end features, the development trend of “plasticizing steel” and “plasticizing wood” provides a broad market space for the development of the plastics industry. As an indicator to measure the development level of a country's plastics industry, the ratio of plastic-steel is only 30:70 in China, which is less than the world average of 50:50, and far less than the developed countries such as Germany's 63:37 and the United States' 70:30. In the future, with the technological advancement and consumption upgrade of China's plastics and modified plastics, the market demand for plastic products in China will continue to grow.

Nanjing Julong's products are mainly divided into four categories: high-performance modified nylon, high-performance engineered polypropylene, high-performance alloy materials and plastic-wood environmental engineering materials. In the industry, the company has a good reputation in the automobile and high-speed rail. The technical and market advantages of the field are widely recognized.

In 2015-2017, the company's main business income was 816,982,300 yuan, 890,801,100 yuan and 1,012,148,900 yuan, and the main business income increased steadily. The net profit attributable to the parent company was RMB 7,512,300, RMB 76,600,200 and RMB 56,643,100 respectively.

Nanjing Julong expects that the company's operating income will be between RMB 250 million and RMB 27 million in January-March 2018, an increase of 11%-20% compared with the same period in 2017; the net profit attributable to shareholders of the parent company will be RMB 8.5 million - RMB 9.3 million. , an increase of 10%-21% compared with the same period of 2017; it is estimated that the net profit attributable to the parent company after deducting non-recurring gains and losses will be 7.5 million yuan to 8.3 million yuan, an increase of 34%-48% compared with the same period of 2017. The above data does not constitute profit. prediction.

Technical advantage lays the lead

Since its establishment, Nanjing Julong has adhered to the road of independent research and development and technological innovation, and attaches great importance to technology research and development. This is also an important factor for the company to be in the leading position in the industry.

At present, the company's nano-modification technology, solid phase viscosity-increasing technology, interface modification technology, dynamic vulcanization technology, inorganic ultra-fine powder toughening technology, environmentally friendly flame retardant technology, fluidity control technology, high dispersion and high efficiency screw component combination Significant breakthroughs have been made in plastic modification technologies such as technology, which have greatly improved the overall performance of the products and the efficiency of the equipment, and have a strong technical competitive advantage.

Nanjing Julong has established Jiangsu Province Modified Plastics Engineering Technology Research Center, Jiangsu Plastic Wood Composite Materials Engineering Technology Research Center and Jiangsu Postdoctoral Research Station through industry, university and research cooperation, and was recognized as Jiangsu Enterprise Technology Center and Jiangsu Province The Plastics Engineering Center, the company's testing center has passed the accreditation of the China National Accreditation Service for Conformity Assessment (CNAS). The establishment of engineering technology center and testing center strengthened the company's technical advantages and laid a solid foundation for the further improvement of the company's technology.

The company led the drafting of 4 national standards, participated in the drafting of 2 international standards, 4 national standards, and was widely recognized in the industry.

According to the company's disclosure, Nanjing Julong and its subsidiaries have 34 patents, including 29 invention patents and 5 utility model patents. Among them, the company's “Preparation and Application Research of Several Inorganic Nanomaterials” and “Key Technologies for Preparation of Organically Inorganic Particle Modified Polymer Composites” were awarded the second prize of National Science and Technology Progress Awards in 2005 and 2009 respectively. In 2013, the company's invention patent “Nylon Engineering Plastics for High-speed Railway Rail Transit and Its Manufacturing Method” won the 15th China Invention Patent Excellence Award; in 2017 the company's invention patent “Mineral and Long Glass Fiber Reinforced Nylon 6 Composite Materials and Its preparation method won the 19th China Invention Patent Excellence Award.

From the perspective of R&D expenses, the company has attached great importance to independent research and development capabilities since its establishment. In 2015-2017, it maintained a high R&D investment scale of RMB 29,742,200, RMB 35,962,200 and RMB 35,500,000, respectively. It is 3.57%, 3.98% and 3.42%.

The field of automobile track is promising

With its strong R&D technical strength, comprehensive performance products and comprehensive services, Nanjing Julong has been widely recognized by customers in various downstream sectors, especially in the field of automobile and rail transportation. The company's products and services have outstanding competitive advantages.

In the automotive field, the company is an important production supplier in the field of modified plastics for automobiles in China, and has long-term cooperation with auto parts suppliers such as Jiangsu Yihang Auto Parts Technology Co., Ltd. and Suzhou Wanlong Auto Parts Co., Ltd. The supplier of the first-class parts and components of the automobile main engine factory has entered the supplier system of GM, Ford, Volkswagen, PSA Peugeot Citroen, Mazda and other companies and obtained the supplier system certification of domestic independent brands such as Great Wall and Shanghai Auto. Focusing on key component materials such as automotive functional parts and structural parts, the company has enhanced import substitution capabilities and gradually broke the monopoly barriers of multinational brands. It has successfully entered the supply chain of various models of GM, Wuxi, GAC and other host manufacturers.

In the field of rail transit, the company has undertaken the technical task of speeding up the plastic parts of the national railway transportation line. In 2002, the company's high-performance modified nylon products were applied to the first railway express passenger line in China - Qinshen Passenger Dedicated Line. Construction. With the development of China's high-speed railway construction, especially the construction of “four vertical and four horizontal”, the company's products have been applied to more than 60 high-speed railway projects such as Beijing-Shanghai, Wuguang, Wenfu, Chengmianle and Shanghai-Kunming. The railway passed the speed test of 486.1 km/h high-speed train, and the Lanzhou Heavy Haul Railway, Lanxin Railway and Qinling Tunnel Phase II project have withstood the test of complex terrain and climate. It is the main supplier of modified nylon for high-speed rail in China. . Based on the 8-10 year replacement cycle of the railway fastener system, the replacement demand for railway fasteners will drive new growth in the company's performance.

In the field of automobile and rail transit, Nanjing Julong has a lot to do, so this IPO fundraising project, the company is also mainly inclined to these two areas. According to the disclosure of the prospectus, Nanjing Julong this IPO plan raised funds of 432 million yuan, of which 149 million yuan for rail transit and automotive high-performance nylon composite production line construction projects, 176 million yuan for automotive lightweight polypropylene For the new functional material production line construction project, the remaining funds will be invested in the production intelligent upgrade and transformation and technology research and development center construction projects.

It can be met that in the future, Nanjing Julong will become a domestic first-class high-end new material manufacturer in the field of automobiles and high-speed rail. By taking root in the automobile main engine factory system and parts factory system, it will improve the automobile market share by taking the lead, and at the same time grasp the high-speed railway. The opportunity of “eight horizontal” and the national “Belt and Road” will open up domestic and foreign markets.

PVD Coating

PVD (physical vapor deposition) coating is a type of Surface Treatment that is used to improve the performance of metal parts, by applying a thin layer of material onto the substrate through a vacuum chamber. This process provides a range of benefits, including increased hardness, improved wear resistance, and enhanced corrosion resistance.

PVD coatings are typically applied to metals such as stainless steel, titanium, and aluminum. They are particularly useful in applications where the substrate is subjected to high wear and tear, as the coatings help to reduce friction and limit the damage caused by abrasion. They are also used in the automotive industry to provide an aesthetic and functional finish to exterior parts.

PVD coatings can be tailored to meet specific application requirements, with a range of coating materials available, including titanium, chromium, and zirconium. These coatings can be deposited in a range of colors, such as black, gold, and silver, giving designers and manufacturers the flexibility to create parts with the desired appearance.

Another key benefit of PVD coating is its durability. The thin layer of coating can offer a long-lasting, high-performance finish, even in harsh or corrosive environments. This makes them particularly useful in outdoor applications, and in settings such as aerospace and medical devices, where reliability and durability are critical.

PVD coating is applied through a series of steps, including cleaning and pre-treatment of the substrate, coating material deposition, and post-treatment, such as polishing or annealing. The result is a thin, uniform layer of coating that provides a range of functional and aesthetic benefits.

In conclusion, PVD coating is a versatile and effective surface treatment for metal parts. It offers a range of benefits, including improved hardness, wear resistance, and corrosion resistance, as well as aesthetic options. By enhancing the performance and durability of metal parts, PVD coating plays an important role in improving the reliability and efficiency of a range of industries and applications.

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