Shenma shares transfer 100% equity of Sun Company

Shenma Co., Ltd. announced on August 12 that the company plans to transfer 100% of the equity of Pingdingshan Shenma Eagle Material Packaging Co., Ltd. held to the company’s controlling shareholder, China Pingmei Shenma Group Nylon Technology Co., Ltd. The equity transfer price is based on the evaluation results. The 100% equity transfer price is 11.1932 million yuan. China Pingmei Shenma Group Nylon Technology Co., Ltd. will pay the equity consideration in cash. After this transaction, the financial statements of Pingdingshan Shenma Ying Materials Packaging Co., Ltd. will no longer be included in the consolidated financial statements of Shenma.

Pingdingshan Shenma Eagle Packing Co., Ltd. is a wholly-owned subsidiary of Henan Shenma Nylon New Materials Co., Ltd., and Henan Shenma Nylon New Materials Co., Ltd. is a wholly-owned subsidiary of Shenma. The company plans to absorb and merge Henan Shenma Nylon New Material Co., Ltd. After the merger is completed, the company will hold Pingdingshan Shenma Ying Material Packaging Co., Ltd.
100% equity. This equity transfer is for the company to optimize the industrial structure, adjust the overall planning and layout of the nylon industry, focus on the dominant main industry, and gradually divest the needs of subsidiary industries.

Pingmei Shenma hexamethylenediamine project has entered the substantive construction stage

On August 8, China Pingmei Shenma Holding Group Hydrogen Chemical Company held a seminar on high-quality hexamethylenediamine project.

Pingmei Shenma high-quality hexamethylenediamine project

“The high-quality hexamethylenediamine project has a designed annual production capacity of 150,000 tons. It is constructed using the advanced hexamethylenediamine production technology independently developed by the group’s internal units. After the project is put into operation, the annual profit and tax will be nearly 300 million yuan.” The person in charge of the company said.

It is understood that the company’s high-quality hexamethylene diamine project is connected to the group’s upstream adiponitrile project and downstream nylon 66 chip project, making full use of the company’s reserved land, raw materials, public works and auxiliary facilities to minimize investment. After the project is put into operation, it will be It is a typical “strong chain” project to further consolidate and enhance the Group’s industry position in the field of nylon 66 such as hexamethylene diamine and engineering plastics.

Entering the substantive construction stage

In order to speed up the construction progress of the hexamethylenediamine project, China Pingmei Shenma Holding Group Hydrogen Chemical Company issued a work task list, which effectively improved the speed of the project construction. On July 28, the first pile foundation of the hexamethylene diamine project was laid, marking that the construction of the hexamethylene diamine project has entered the substantive construction stage.

“At present, many domestic enterprises are building hexamethylene diamine projects. Whoever completes the project first will be able to seize the market opportunity. Our project team members are racing against time to grasp the progress and the construction period, and strive for the project to be completed and put into operation as soon as possible.” The company Hexylenediamine project manager Yao Yanjie said.

Engineering design is the key to project construction. Members of the company’s leadership team lead the hexamethylenediamine project team to stay in the project design institute in turn, keep abreast of the project design progress, provide the design institute with information, find relevant data and estimates, and effectively improve the design institute’s work efficiency, ahead of schedule 2 The pile foundation engineering design was completed within 3 months, and 30% detailed model design and review were completed 3 months ahead of schedule, laying a solid technical foundation for early mechanical completion and commissioning.