On October 26, Great Shengda (603687) announced that the company had won the right to use 25,200 square meters of state-owned construction land in Plot D0202-2 of Yunlong Industrial Park in Haikou City to provide the necessary operation sites and other basic guarantees for the investment in the construction of "pulp molded environmental protection tableware intelligent research and development production base project".
According to the announcement, the bid for a plot of land in Haikou Yunlong Industrial Park is for industrial use, with a 50-year concession period and a concession price of 14.7653 million yuan, and the construction period is required to commence before March 19, 2023 and be completed before March 19, 2024.
By the Sea Finance - Securities Herald reporter combing found that in December 2021, Great Shengda also through the Haikou City Land Exchange Center public listing system, bid for the land located in Haikou City, Hainan Province National High-Tech Industrial Development Zone, Long Yi D0202-1 plot of land area of 26,700 square meters of state-owned construction land use rights.
Based on this projection, Dashengda's investment in the construction of "pulp moulding environmental protection tableware intelligent research and development production base project (hereinafter referred to as: pulp moulding project)" in Haikou covers an area of about 51,900 square meters.
Great Shengda said that the purchase of the land use right of the site will meet the actual needs of the company, which is conducive to further improving and strengthening the national layout of the company's business, expanding the scale of business, enhancing the market penetration rate, meeting the production capacity required for the company's future business expansion and enhancing the core competitiveness of the company.
Great Shengda disclosed in the previous announcement, the company through the newly established holding subsidiary - Hainan Great Shengda Environmental Protection Technology Co., Ltd. (hereinafter referred to as: Hainan Great Shengda ) construction of the pulp molding project, the total investment of 500 million yuan. Hainan Great Shengda is jointly invested and established by Great Shengda and the leading enterprise in the domestic pulp and molding industry -- Geotegrity Eco Pack (Xiamen) Co., Ltd. Great Shengda holds 90% of the shares.
In its 2022 semi-annual report, Great Shengda said that in the first half of the year, the company fully promoted the construction work of Hainan Dashengda, started the second phase of land bidding and auctioning work, strictly grasped the construction quality, and actively promoted the project to start, build, complete and reach production quickly. At the same time, relying on the company's team's many years of experience in the industry, the company will strengthen the construction of the production management and technical team of biodegradable pulp tableware, and match the construction progress of the project to do the main equipment and auxiliary equipment bidding and other preliminary preparatory work. Serving the company's green purpose, this project can realize the development of new material field of paper instead of plastic under the double carbon target, thus creating new profit growth point for the company and realizing the company's diversified development strategy.
Public information shows that Great Shengda was established in 2004, the company is one of the leading professional suppliers of comprehensive packaging and printing solutions in China, and is one of the "China's leading paper packaging enterprises" recognized by the China Packaging Federation, the company is mainly engaged in the research and development, production, printing and sales of paper packaging products, the main products cover corrugated boxes, cardboard, fine wine boxes, cigarette labels, etc. The company is mainly engaged in the research and development, production, printing and sales of paper packaging products, with its main products covering corrugated cartons, cardboard, fine wine boxes, cigarette trademarks, etc. It can provide customers with a full range of paper packaging solutions covering packaging solution design, research and development, testing, production, inventory management, logistics and distribution.
In terms of performance, in the first half of 2022, Great Shengda achieved revenue of RMB 966 million, an increase of 28.04% year-on-year, and net profit attributable to shareholders of the listed company of RMB 53.0926 million, an increase of 60.29% year-on-year.
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Post time: Oct-31-2022