Core Viewpoint - Renxin New Materials plans to invest in an integrated polystyrene new materials project to expand its main business capacity and enhance its competitive edge and sustainable development capabilities [1] Company Summary - Renxin New Materials (SZ 301395) announced on October 28 that it will invest 3.8 billion yuan in the integrated polystyrene new materials project [1] - The project will be constructed in two phases, with the first phase focusing on producing low cis polybutadiene new materials, styrene-butadiene rubber, high-impact polystyrene, and polymethyl methacrylate [1] - The second phase will involve the production of tert-butanol, propylene oxide, methyl methacrylate, and butyl rubber, contingent upon the completion of land transfer procedures [1] - Renxin Technology will be responsible for the investment, construction, and operation of the project based on funding arrangements [1] Industry Summary - As of the report date, Renxin New Materials has a market capitalization of 2.8 billion yuan [2] - The company's revenue composition for the year 2024 is projected to be 100% from the chemical industry [1]

Core Viewpoint - The company plans to invest in a new integrated polystyrene materials project with a total investment of 3.8 billion yuan [1] Investment Details - The project will be constructed in two phases, with the first phase focusing on the production of low cis-polybutadiene new materials, styrene-butadiene rubber, high-impact polystyrene, and polymethyl methacrylate [1] - The second phase will involve the production of tert-butanol, propylene oxide, methyl methacrylate, and butyl rubber [1] - The project will cover an area of 264,000 square meters [1] Financial Projections - Upon reaching full production, the project is expected to generate an annual output value/revenue of 7.8 billion yuan and contribute 450 million yuan in annual taxes [1] - Funding for the project will come from the company's own funds, self-raised funds, and funds raised through public offerings [1]

Core Viewpoint - Renxin New Materials (301395.SZ) announced plans to invest in an integrated project for polystyrene new materials in collaboration with the Huizhou Daya Bay Economic and Technological Development Zone [1] Group 1: Project Overview - The total investment for the project is 3.8 billion yuan, which will be constructed in two phases [1] - Phase one will focus on producing low cis polybutadiene new materials, styrene-butadiene rubber, high-impact polystyrene, and polymethyl methacrylate [1] - Phase two will involve the production of tert-butanol, propylene oxide, methyl methacrylate, and butyl rubber [1] Group 2: Financial Projections - Once fully operational, the project is expected to generate an annual output value/revenue of 7.8 billion yuan [1] - The anticipated annual tax contribution from the project is 450 million yuan [1]