EPE胶膜

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0元甩卖三家子公司,其中一家是前年花9500万元收购来的!上市公司回应
Mei Ri Jing Ji Xin Wen· 2025-09-24 10:19
Core Viewpoint - *ST Green Kang (002868.SZ) plans to sell three wholly-owned subsidiaries to Jiangxi Raoxin New Energy Materials Co., Ltd. for a price of 0 yuan, raising regulatory concerns due to the significant loss in asset value from a previous acquisition of 95 million yuan [1][3][4]. Group 1: Transaction Details - The transaction involves the sale of 100% equity in Green Kang (Yushan), Green Kang (Haining), and Green Kang New Energy, all for a total price of 0 yuan [3][8]. - The assessment of the subsidiaries shows a negative valuation for Green Kang (Yushan) and Green Kang (Haining), with values of -648.6 thousand yuan and -28.7762 million yuan respectively, while Green Kang New Energy has a positive valuation of 8.5807 million yuan [2][4]. Group 2: Financial Performance - Green Kang (Yushan) reported losses of 14.9363 million yuan in 2022, 55.9178 million yuan in 2023, and an expected loss of 203.2536 million yuan in 2024 [5]. - The combined book value of the three subsidiaries reached -100.0508 million yuan by the end of the previous year, indicating severe financial distress [5]. Group 3: Market Context - The solar industry experienced rapid growth followed by a significant downturn, leading to overcapacity and financial challenges for *ST Green Kang [5][6]. - Despite initial optimism regarding the acquisition of Green Kang (Yushan) due to its partnership with JinkoSolar, market conditions quickly deteriorated, resulting in substantial losses [4][5]. Group 4: Operational Status - Green Kang (Haining) was established in January 2023 with ambitious plans to produce 800 million square meters of solar film but has since halted operations [6][8]. - Green Kang New Energy, founded in November 2023, also ceased operations, indicating a complete shutdown of the newly established subsidiaries [8].
9500万元收购的公司为何0元甩卖?*ST绿康回复深交所问询函
Mei Ri Jing Ji Xin Wen· 2025-09-23 15:57
Core Viewpoint - *ST Green Kang plans to sell three wholly-owned subsidiaries to Jiangxi Raoxin New Energy Materials Co., Ltd. for a price of 0 yuan, raising regulatory concerns due to the significant loss incurred from the previous acquisition of one of these subsidiaries, Green Kang Yushan [1][3][4]. Group 1: Transaction Details - The transaction involves the sale of 100% equity of Green Kang Yushan, Green Kang Haining, and Green Kang New Energy, with a total cash consideration of 0 yuan [3][8]. - Green Kang Yushan was acquired for 95 million yuan in January 2023, but is now being sold for 0 yuan, prompting questions about the fairness and reasonableness of the valuation [4][6]. - The combined book value of the three subsidiaries has reached -100.05 million yuan as of the end of last year [4][6]. Group 2: Financial Performance - Green Kang Yushan reported losses of 14.94 million yuan in 2022, 55.92 million yuan in 2023, and an estimated 203.25 million yuan in 2024 [4][6]. - Green Kang Haining and Green Kang New Energy have also ceased operations, contributing to the uncertainty of ongoing profitability [6][8]. Group 3: Industry Context - The photovoltaic industry has experienced rapid growth followed by a significant downturn, impacting the financial viability of companies like *ST Green Kang [5][6]. - The initial acquisition of Green Kang Yushan was based on its established partnership with JinkoSolar, a key player in the photovoltaic sector, but market conditions have since deteriorated [4][5].
绿康生化拟0元出售三家光伏胶膜子公司,评估值合计-2084.41万元
Xin Lang Cai Jing· 2025-09-23 13:35
Core Viewpoint - Green Kang Biochemical Co., Ltd. plans to sell 100% equity of three subsidiaries to Jiangxi Raoxin New Energy Materials Co., Ltd. for a transaction price of 0 yuan, which constitutes a related party transaction [1][2]. Group 1: Transaction Details - The transaction involves the sale of Green Kang (Yushan) Film Material Co., Ltd., Green Kang (Haining) Film Material Co., Ltd., and Green Kang New Energy (Shanghai) Import and Export Trade Co., Ltd. [1] - As of December 31, 2024, the combined book value of the three subsidiaries is -100.05 million yuan, with an assessed value of -20.84 million yuan, resulting in a value increase rate of 79.17% [1][2]. - The assessment methods used include the asset-based approach and income approach for Green Kang Yushan, while only the asset-based approach was used for Green Kang Haining and Green Kang New Energy [1][4]. Group 2: Financial Performance - Green Kang Yushan's revenue for 2024 is projected at 28.52 million yuan, a year-on-year increase of 82.77%, but it is expected to incur a net loss of 20.33 million yuan [2]. - Green Kang Haining is expected to generate revenue of 8.89 million yuan with a net loss of 15.07 million yuan, while Green Kang New Energy is projected to have revenue of 11.64 million yuan and a net loss of 0.35 million yuan [2]. - The assessment agency noted that the subsidiaries are facing intense competition in the photovoltaic film industry, leading to declining product prices and significant uncertainty regarding their future profitability [2]. Group 3: Valuation Adjustments - Revenue forecasts for Green Kang Yushan were adjusted downward due to ongoing challenges, with expected revenue from 2025 to 2029 revised from 17.43 million yuan to 81.99 million yuan [3]. - Following the adjustments, the assessed value for Green Kang Yushan decreased from -12 million yuan to -40 million yuan, and the overall assessed value for the three subsidiaries changed from -18.74 million yuan to -20.84 million yuan [3]. - Despite the valuation adjustments, the transaction price remains at 0 yuan as agreed upon by both parties [3]. Group 4: Compliance with Valuation Methods - The use of only the asset-based approach for Green Kang Haining and Green Kang New Energy was justified due to their loss-making and suspended operational status, making future income predictions challenging [4]. - The assessment agency confirmed that the approach complies with relevant regulations and industry practices, as there are precedents for using a single valuation method in similar transactions [4].
光伏胶膜部分企业上调报价,成本增加叠加供需改善涨价空间望打开
Xuan Gu Bao· 2025-08-19 15:07
Group 1 - Xiangbang Technology has adjusted the prices of certain photovoltaic film products, increasing EVA products by 600 yuan/ton and EPE products by 400 yuan/ton starting from August 18, with delivery orders from August 25 to August 31 [1] - The price increase for EVA film translates to a rise of 0.24-0.27 yuan/square meter, while EPE film sees an increase of nearly 0.2 yuan/square meter, based on a weight of 400-450g/square meter [1] - The main reasons for the price increase are rising particle costs and improved supply-demand expectations, with the latest EVA particle price at 9800 yuan/ton, up 200 yuan/ton from the previous week due to low upstream inventory levels [1] Group 2 - Demand for photovoltaic components has slightly decreased month-on-month in August, but support remains due to the end of the off-season in Europe and the initiation of domestic mechanism electricity price bidding [2] - Second and third-tier manufacturers are generally operating at a loss, leading to ongoing capacity clearance, exemplified by the shutdown of Fulei Ant's film subsidiary [1][2] - Companies like Saiwu Technology are at a leading technical and market position in the photovoltaic sector, with sufficient orders and high production line utilization [2]
美股新股前瞻|行业反内卷助力基本面修复,新子光电(XZ.US)如何冲入行业第一梯队?
Zhi Tong Cai Jing· 2025-07-19 14:04
Core Viewpoint - The photovoltaic industry is experiencing a recovery driven by anti-involution policies, leading to a significant rebound in related stocks and creating a favorable environment for companies like XZ.US to pursue an IPO in the U.S. market [1][6]. Industry Overview - The photovoltaic industry is undergoing a transformation with the exit of outdated capacities, which has resulted in a substantial rebound in stock prices for companies like Yamaton and Tuori New Energy, which saw increases of over 50% in just a few trading days [1]. - The industry is facing challenges such as overcapacity and intensified price wars, with average prices for photovoltaic films expected to drop by 20%-30% year-on-year, and an overcapacity rate exceeding 50% [4][5]. Company Profile - XZ.US specializes in the research, production, and sales of transparent solar photovoltaic module encapsulation films, with a current production capacity of 3GW, representing a market share of 2%-3% [3][7]. - The company has significantly increased its fundraising target for its IPO, aiming to raise up to $22.5 million by issuing 3.75 million shares at a price range of $4-6, reflecting a 150% increase in the number of shares compared to previous plans [1][3]. Financial Performance - XZ.US is projected to report revenues of $25.14 million in 2024, a decline of 23.47% from 2023, with a net loss of $340,000 compared to a profit of $458,600 in 2023 [3][5]. - The decline in revenue is attributed to market contraction and increased competition, leading to a 31.7% drop in product prices and a 6.34% decrease in sales volume [3][4]. Strategic Initiatives - The company is focusing on technological breakthroughs and overseas market expansion as key strategies to enhance its competitive position, particularly in high-margin markets [6][7]. - XZ.US has initiated 17 research projects related to photovoltaic film production technology and has begun to expand into the Vietnamese market, establishing a partnership for EVA films [7].
工业硅、多晶硅日评:低位整理-20250613
Hong Yuan Qi Huo· 2025-06-13 02:37
Report Investment Rating - No investment rating information is provided in the report. Core Viewpoints - The silicon market is facing a situation of weak supply and demand, with high inventory pressure. Silicon prices are expected to remain under pressure in the short - term, but the downward space may be limited. For industrial silicon, it is recommended to wait and see, and for polysilicon, the strategy is to short on rebounds [1]. Summary by Relevant Catalogs Industrial Silicon - **Price Changes**: The average price of non - oxygenated 553 (East China) remained flat at 8,100 yuan/ton, and the 421 (East China) also remained flat at 8,700 yuan/ton. The closing price of the futures main contract dropped 1.39% to 7,455 yuan/ton [1]. - **Supply Side**: Some silicon enterprises in the north reduced production due to cost - price inversion. In the southwest production area, although the wet season is approaching, the confidence in the future market is lacking, the overall wait - and - see sentiment is strong, and the willingness to resume production is insufficient. The overall start - up rate decreased [1]. - **Demand Side**: Polysilicon enterprises maintained a production - reduction trend, and the resumption of production might be postponed. The organic silicon industry had a strong willingness to reduce production to support prices, but the demand was weak, and the actual transaction price declined. The domestic monomer enterprises still in production had mixed start - up rates, and the overall start - up rate decreased. Silicon - aluminum alloy enterprises purchased on demand, and the downstream's willingness to stock up at low prices was insufficient [1]. Polysilicon - **Price Changes**: N - type dense material dropped 1.41% to 35 yuan/kg, polysilicon re - feeding material dropped 1.49% to 33 yuan/kg, polysilicon dense material remained flat at 32 yuan/kg, and polysilicon cauliflower material remained flat at 30 yuan/kg. The closing price of the futures main contract dropped 1.96% to 33,585 yuan/ton [1]. - **Supply Side**: Silicon material enterprises maintained a production - reduction trend, and some silicon material factories might have new capacity put into production. The output was expected to be maintained within 100,000 tons [1]. - **Demand Side**: The photovoltaic market was weak overall, with the inventory of silicon wafers and silicon materials increasing, and the prices of silicon wafers, battery cells, and components continuing to decline. The market demand slowed down, and some component delivery prices were close to new lows, with weak market transactions [1]. Other Information - **Project Information**: Sichuan Huadong Electric Group Co., Ltd. won the bid for the EPC general contracting project of the transmission line project of photovoltaic projects in Xundian County, Kunming City, Yunnan Province, with a bid price of 10,906,997.47 yuan [1]. - **EVA and EPE Film**: The mainstream price range of EVA film was 12,300 - 12,500 yuan/ton, and the price range of EPE film was 13,900 - 14,000 yuan/ton. Due to the decline in component production and weak demand, and the weak and stable price of EVA photovoltaic material, the price of the film was expected to remain stable in the near future [1].
福莱蒽特(605566) - 杭州福莱蒽特股份有限公司关于2024年1-12月主要经营数据的公告
2025-04-27 08:21
根据上海证券交易所《上市公司自律监管指引第 3 号——行业信息披 露》的要求,杭州福莱蒽特股份有限公司(以下简称"公司")现将 2024 年 1-12 月主要经营数据披露如下: 二、主要产品的价格变动情况(不含增值税) | | 2024 1-12 | 年 | 月平 | 2023 | 年 | 1-12 | 月平 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 主要产品 | | | | | | | | 变动比率(%) | | | 均售价(元/吨、 | | | 均售价(元/吨、 | | | | | 证券代码:605566 证券简称:福莱蒽特 公告编号:2025-030 杭州福莱蒽特股份有限公司 关于 2024 年 1-12 月主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 主要产品 2024 年 1-12 月 产量(吨、万平方米) 销量(吨、万平方米) 营业收入(元) 分散染料 17,384.24 20,106.82 624,098,92 ...
福莱蒽特(605566) - 杭州福莱蒽特股份有限公司关于2025年1-3月主要经营数据的公告
2025-04-27 08:21
证券代码:605566 证券简称:福莱蒽特 公告编号:2025-031 杭州福莱蒽特股份有限公司 关于 2025 年 1-3 月主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 根据上海证券交易所《上市公司自律监管指引第 3 号——行业信息披 露》的要求,杭州福莱蒽特股份有限公司(以下简称"公司")现将 2025 年 1-3 月主要经营数据披露如下: 二、主要产品的价格变动情况(不含增值税) | | 元/万平方米) | 元/万平方米) | | | --- | --- | --- | --- | | 分散染料 | 29,966.39 | 31,996.72 | -6.35% | | 滤饼 | 30,979.41 | 32,082.02 | -3.44% | | EVA 胶膜 | 18,695.31 | 48,651.26 | -61.57% | | EPE 胶膜 | 16,300.29 | 69,082.96 | -76.40% | 三、主要原材料的价格变动情况(不含增值税) | 主要原材料 | 2025 年 ...