Shenzhen Hui Cheng: Additional financing 300 million betting on Polyimide

The main business is the cable branch box, such as power distribution network equipment Shenzhen Hui, since last year has been betting "polyimide fiber" new materials research and development and industrialization.　　September 9, the company issued a public announcement that the company intends to issue 40 million shares, the collection of funds not exceeding 500 million yuan of targeted additional programs obtained by the SFC issued by the Commission. In the additional scheme, about 300 million yuan will be invested in the polyimide fiber industrialization project.　　It is polyimide in today's new material industry, the beautiful blueprint, so that the recent institutional investors will focus on the obscure Shenzhen SME board listed companies, it is the private issue, to provide investors with the opportunity to understand the project.　　Institutional investors have been investigating to understand the company's specific progress on the issue of additional projects, the daily economic news reporter made a special trip to Shenzhen Hui Cheng is located in Shenzhen Ping Industrial Zone headquarters a probe. The company headquarters appears unusually low-key, in the industrial area to inquire, many people do not know the specific location of the company. When the reporter tried to find the headquarters, by the security to introduce the conference room, several people have been listening to Dong Zhang Guoli listened just introduced the project.　　These people are a well-known fund of the research staff, a special trip from Zhejiang, the focus is on the Polyimide project, when the reporter was seated shortly after, there are two of securities institutions of investigators arrived.　　"Recently we have received a lot of investment agency research staff, we are interested in this issue, want to know about Polyimide project," Zhang Guogang reporters.　　It is understood that Polyimide is currently the industrialized polymer materials used in the highest temperature varieties, the Chinese Academy of Sciences Changchun Applied Chemical Science and Technology Corporation (hereinafter referred to as Changchun) spent 40 years to focus on the development of the basic materials, Shenzhen Huicheng and its cooperation, is committed to industrialization. "Mature a project, we will industrialize a project, we think the first mature project is fiber." Polyimide Fiber is one of the main varieties of high performance fiber, is currently using the highest temperature of organic fiber, can be used in 250 degrees Celsius ~350 Celsius, the company's deputy Kao Xiaoming to reporters, "at present, the laboratory has made a fiber sample, but the uniformity has yet to be improved, the core problem solved, But the craft is not meticulous enough. "　　In Kao Xiaoming's opinion, these problems can be solved quickly according to their more than 10 years experience in polymer materials. In order to promote the industrialization of fiber, the company set up a holding subsidiary--Changchun Gao Qi polyimide Materials Co., Ltd. Last year, Shenzhen Hui Cheng 4 times for the company to increase capital, but the real heavy betting is this year.　　Earlier this year, the company decided to open up the way, including the first major shareholder Lu Xiaoyi, 10 of targeted additional targeted to add more than 40 million shares, of which about 300 million yuan for capital increase in Changchun Gao Qi; October 21, the company again issued a notice, commissioned a bank loan of 40 million yuan to Changchun Gao Qi. "We raise the capital of 300 million yuan about the expansion of 5~10 fiber production line polyimide, the fund-raising, the basic solution to the fundsGap。　　"Kao Xiaoming introduced that 2011 fiber production capacity will reach 300 tons per year, raw material production capacity will reach an annual output of 1500 tons." Polyimide Fiber is a domestic monopoly "as long as we can produce, in the domestic is a monopoly, in the international production of this fiber is a handful of enterprises."　　"Zhang Guogang introduced. It is understood that as early as the 60 's, the United States DuPont began the polyimide fiber related research work, but at that time the overall development level of polyimide and the practical difficulties in the preparation of fiber, DuPont did not push the polyimide fiber to industrialization; the former Soviet Union began research on related aspects in the 70 's.　　But to date it is limited to military aspects; domestic in the middle of the 70 's the beginning of the relevant research work, Changchun is one of the earliest units engaged in research, after more than 40 years of research accumulation, in 2000 to achieve a certain breakthrough, but until 2007, Shenzhen Chei and Changchun Gao Qi Cooperation, is committed to industrialization.　　"We produce the polyimide fibers, the main target customers are cloth bag dustproof manufacturer, filter material provider, not filter bag provider; The filter bag provider is directly dealing with customers, but our filter material provider only with 10 or more customers to deal with, Kao Xiaoming introduction. Bag dust at present in the power, cement, steel and other industries widely used in the power industry, the current filter materials used mainly PPS (Polyphenylene sulfide) and pps+p84.　　and polyimide compared with the light, water absorption, heat resistance, etc. are superior.　　In Shenzhen, a problem in front of the Hui Cheng, what is the advantage of cost-effective to replace PPS and other original materials? "Suppose we are competing with PPS, our price is two or three times times that of it, the use of time is also two or three times times, from the direct cost, there is not much difference, there is not much temptation, but we have to consider the indirect costs, power plants need to replace supplies to stop, the loss of much more than the loss of supplies themselves.　　For customers, he most hope that the use of such supplies and his time to overhaul is consistent, in order to overhaul to stop, rather than for supplies to stop, "Kao Xiaoming for the advanced of Polyimide very confident."　　From 2008 Bag Committee to the electric power industry bag filter Use situation survey, the filter material service life generally up to less than 30,000 hours, and power plant overhaul time is 3-4 years, the life of Polyimide is exactly the same as the approximate.　　New material Blueprint Grand Challenge Big "new materials are not an industry, but the basis of various industries," Kao Xiaoming to the daily economic news reporter stressed that polyimide as a basic material, the application is diverse.　　At the end of September, Shenzhen Huicheng announced that in order to further expand the application of polyimide materials, Changchun Gao Qi and several technical experts jointly funded the establishment of Changchun Poly-Ming Photoelectric Materials Co., Ltd. Kao Xiaoming to reporters, Changchun photoelectric current research and development of the main direction is to polyimide as material, the production of OLED substrate. Compared to the conventional glass-based plate leD, Polyimide is the substrate of the OLED more transparent, soft and heat-resistant. At present, Sony has developed the relevant products, the Taiwan region of China's relevant research institute has recently developed a breakthrough in this technology, and Changchun Gao Qi rely on the background of the Chinese Academy of Sciences, but also engaged in the study.　　Thankfully, the current OLED has not commercialized, which means that Shenzhen Huicheng still have a certain amount of time to catch up. In addition to high-end consumer electronics, polyimide can also be applied to high-end engineering materials. "Like the bearings in the wind power, many of the stents are polymer materials, now the main bearings are made of steel, but a lot of foreign is done with Polyimide," Kao Xiaoming Introduction, "New equipment manufacturing can also be widely used polyimide, supersonic aircraft 70% to use Polyimide to do. "Because of the company's main direction and the new industries, stocks in the capital market has been the pursuit of capital."　　At present, Shenzhen Hui-cheng's share price has been close to 30 yuan, and in early July, the company's share price in the 13 yuan hovering up and down. "The market's speculation for us is pressure, we would like to concentrate on their own things to do", for the company's share price by the market hot, Kao Xiaoming have their own views, "the industry blueprint is very broad, but to make money is not easy, we have to step by step." "Company for the promotion of new materials difficult to experience."　　Kao Xiaoming told reporters that they are in Jiangsu and Zhejiang coastal Some wind motor manufacturing enterprises to promote the application of polyimide to the bearing on the difficulties encountered, these enterprises have used the original materials have been operating well, fearing the adoption of new materials will affect the order. "On the one hand, a lot of domestic enterprises are mainly for stability, this mentality, the new material is a great deal of trouble; On the other hand, they all want the core things in their hands, do not want others to do.　　"They are not going to" hoodwink, "Kao Xiaoming said," and their goal is to develop a professional firm dedicated to raw materials such as DuPont and BASF. " Background information polyimide, English name Polyimide (PI). Polyimide, as a special engineering material, has been widely used in aerospace, microelectronics, Nano, liquid crystal, separation film, laser and other fields. Recently, the research, development and utilization of polyimide are included among the most promising engineering plastics in the 21st century. Polyimide, due to its outstanding characteristics in performance and synthesis, whether as a structural material or as a functional material, its huge application prospects have been fully recognized, known as "Problem solver", and that "without polyimide will not have today's microelectronics."