370 Million Of The Gross Profit Margin Exceeds 37%, And The 370 Million Jilin Carbon Valley Production Line Project.

Zhejiang Jinggong Polytron Technologies Inc (hereinafter referred to as "Jinggong technology") announced in the evening of June 2nd, the company recognized as "Jilin carbon carbon carbon fiber Limited by Share Ltd high performance carbon fiber production line expansion project" single source procurement bid winner, the estimated amount of the project is 370 million yuan, accounting for 42.76% of the company's 2019 business income.

"Jilin carbon Valley carbon fiber Limited by Share Ltd high performance carbon fiber production line expansion project" tenders for Jilin carbon Valley carbon fiber Limited by Share Ltd (controlled shareholder Jilin Guoxing new material entrusted), the main contents are: procurement of advanced domestic equipment, building N high-performance carbon fiber production line.

Jinggong technology indicates that if the company can sign a formal contract and implement it smoothly, it will expand the production and marketing scale of the company's carbon fiber production line and have a positive impact on the company's future business performance.

According to public information, Jinggong technology is mainly engaged in the research, development, production, sales and technical services of precision solar energy photovoltaic special equipment, new building energy saving special equipment, special textile equipment, carbon fiber and composite material equipment, robot and intelligent equipment.

According to the financial report, in 2019, the total income of Jinggong technology merged business was 865 million 386 thousand and 600 yuan (excluding tax, the same below), which was 13.84% lower than the 1 billion 4 million 355 thousand and 200 yuan in the same period last year. The total revenue of the parent company was 599 million 37 thousand and 400 yuan, which was 27.78% lower than the 829 million 476 thousand and 600 yuan in the same period last year. In 2019, net profit attributable to shareholders of the parent company was -12101.32 million yuan, down 2211.15% from 5 million 732 thousand and 100 yuan in the same period last year.

The main products of Jinggong technology's carbon fiber and composite equipment manufacturing business are: carbon fiber production line and carbon fiber microwave and graphitization production line. The complete production line of carbon fiber is made from 12K, 24K, 48K and above raw silk. It has the capacity of producing more than 1 kiloton carbon fiber per year. The core equipment and technology of the whole line are suppliers of famous foreign companies such as Germany and Italy, and the technology is at the international advanced level. Its products can be widely used in automotive transportation, aerospace, wind power, medical equipment and construction. The microwave graphitization process of carbon fiber is mainly based on the technology of microwave graphitization. Based on the common carbon filament made in China, the microwave and carbon fibers are directly coupled to heat for graphitization. The whole line has the characteristics of ultra-high heating rate, low system demand, reshaping carbon fiber structure, and greatly improving the performance of carbon fiber. High, high modulus, low cost, diversified specifications and other characteristics, to meet the needs of different types of customers.

During the reporting period, the carbon fiber production line of Jinggong science and technology has been mass production, and has the ability to supply the whole line of carbon fiber production line and the whole line solution. As of 2019, the company delivered 3 kiloton carbon fiber production lines to customers. The carbon fiber produced on the production line has been widely used in automotive transportation, aerospace and other fields.

In the coming period, Jinggong technology will continue to focus on the integration and innovation of carbon fiber production technology, equipment and equipment, and the localization of the production line. We should actively explore the development and application of new technologies and products such as plasma surface treatment and filament winding machine, and strive to lead the market through products and technology, and establish the company's carbon fiber equipment with decisive cost advantages. Leading position, expanding the visibility and influence in the industry.

In addition, the leading products of Jinggong technology's textile and special equipment manufacturing business are: JGT series false twist texturing machine, JGR series rotor spinning machine, HKV series covering machine, JGK series air wrapped wire machine, HKV series large volume twister, JGW series digital precision winding machine, HKV151 series fancy twister, JGW series precision winding machine and so on. The products are mainly used for textile yarn. The front line twisting and yarn processing, among which, the HKV series covering machine has a market share of more than 65%.

In 2020, on the basis of consolidating and improving the leading position of new energy equipment, building energy saving special equipment and special textile equipment, Jinggong technology accelerated the development of strategic emerging industries such as carbon fiber special equipment, robot intelligent equipment, civil military integration, intelligent cabinet and other new industries. It will transform the advantages of the company into governance efficiency, endogenous motivation and business performance.